Answer:
The unit=9
Explanation:
The Cost of underage Cu= price -cost =200-0 =200 ( as there is no variable cost of the unsold room)
Cost of overage Co= cost - salvage value = 0 -(-325) =325
Service level = Cu / Cu+Co = 200/ 325+200 = 0.3809
which corresponds to the z value of -0.3
the optimum overbooking = mean + z x SD
= 10+ 3 x (-0.3) =9
Answer:
544696816
Explanation:
544696816 shares of common stock were outstanding after the offering on the floor of the Securities and Exchange Commission (SEC).
Answer: d. $45,000 should be debited to Land Improvements.
Explanation:
Land improvements records any moderation to land asset that is expected to add to its value and lasts for more than a year.
The paving and lighting of the parking area will add value to the area and will last longer than a year so both should go to the Land improvement account. As this account is an asset account, it will be debited when increased:
= 30,000 + 15,000
= $45,000
Answer:
A) -0.55
B) The negativity in the estimated elasticity suggests that for every 1% increase in the price of transport there will be a corresponding 0.55% decrease in the number of Commuters
Explanation:
Given data:
current fare (P0) = $4
hiked fare (P1) = $6
change in fare = $2
number of rides before increase ( Q0 ) = 10000
number of rides after increase ( Q1 ) = 8000
change in rides = 2000
A) The estimated elasticity of demand for MRT rides using the midpoint /ARC method
Mid point method = [ ( Q1 - Q0 ) / ( Q1 + Q0 ) ] / [ (P1 - P0 ) / (P1 + P0 ) ]
= [ - 2000 / 18000 ] / [ 2 / 10 ]
= - 1000 / 1800 = - 5 / 9 ( estimated elasticity )
= - 0.55
B) The negativity in the estimated elasticity suggests that for every 1% increase in the price of transport there will be a corresponding 0.55% decrease in Commuters
