answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nata0808 [166]
2 years ago
3

A five-star hotel accepts 100 room reservations daily. for each reservation accepted, there is a 7% chance that the guest will n

ot arrive. you decide to build a simulation model to describe the number of guests who will show up. the best appropriate distribution to use is
Business
1 answer:
Radda [10]2 years ago
8 0
We are having a sample of 100 rooms where each room has only two possibilities, either the guest will arrive or not.

The best model to represent an experiment with n repeated trials (we repeat the experiment 100 times, one time for each room) where each trial can result in one of two outcomes (either the guest will arrive or not) is the binomial distribution model.

Therefore, the answer is:
The binomial distribution model

You might be interested in
The pdca cycle is a powerful approach for problem solving as it provides the foundation for teams to
natima [27]

The pdca cycle is a powerful approach for problem solving as it provides the foundation for teams to figure out ways to change and implement new ideas within their group setting and project or business. The PDCA stands for plan-do-check-act. In the planning stage your team will plan by determining what the problem is and what ways to fix it. In the do stage, your team will act on the ways you can solve the problem. In the check stage you are looking to check your work and see what worked and what needs to be changed. The final stage is the act stage which if you find solutions that work, implement them moving forward.


4 0
2 years ago
Several years ago, Grant County was sued by a former County employee for wrongful discharge. Although it was to be contested by
vovangra [49]

Answer:

d) Debit Expenses $50,000 and Claims payable $100,000; Credit Cash $150,000.

Explanation:

As for the information provided,

There was this law suit against the company from past several years. Where the lawyers already estimated that liability on the company will arise amounting $100,000.

Thus, on the provisional basis such claims of $100,000 would have been provided ideally.

Now, after final judgement the court had cleared about the claim which is $150,000.

Thus, entry to record such claim of $150,000 will be:

Expenses A/c Dr.               $50,000

Claims Payable A/c Dr.      $100,000

    To Cash A/c                                             $150,000

7 0
2 years ago
Moretti Department Store sells gift cards that expire three years from the date of purchase. During 2019, Moretti sold $50,000 o
GenaCL600 [577]

Answer:

$64,300

Explanation:

The amount of revenue that Moretti Department store should recognize as revenue in 2021 should be based on the redeemed amount in the year and unused balance:

1. $1,500 were redeemed during 2021

2. $800 2019 balance remains unused

3. $22,000 were redeemed in 2021

4. $40,000 were redeemed in 2021

Total Revenue for 2021 = $64,300

8 0
2 years ago
Sunset Travel Agency specializes in flights between Toronto and Jamaica. It books passengers on OshawaOshawa Air. Sunset's fixed
coldgirl [10]

Answer:

Explanation:

Break even point=fixed cost/ contribution margin per unit

Units to be sold to get target operating income=(fixed costs+ target operating income)/contribution margin per unit

1. Revenue=10%×1600=$160 per ticket

Contribution per ticket=$100-$42=$58 per ticket.

Fixed cost=$29,500

Break even units:$29,500/$58=508.6 tickets

Units to be sold to get target operating income:(29500+$12000)/$58=715.5 tickets

2. Revenue=10%×1600=$160 per ticket

Contribution per ticket=$100-$35=$65 per ticket.

Fixed cost=$29,500

Break even units:$29,500/$65=453.8 tickets

Units to be sold to get target operatig income:(29500+$12000)/$65=638 tickets

3.

Revenue=$50 per ticket

Contribution per ticket=$50-$35=$15 per ticket.

Fixed cost=$29,500

Break even units:$29,500/$15=1966 tickets

Units to be sold to get target operating income:(29,500+$12,000)/$15=2766 tickets

4.

Revenue:$55(fixed comission fee)+$5(delivery fee)=$60 per ticket

Contribution per ticket=$60-$35=$25 per ticket.

Fixed cost=$29,500

Break even units:$29,500/$25=1180 tickets

Units to be sold to get target operating income:(29,500+$12,000)/$25=1,660 tickets

3 0
2 years ago
A corporation issues $92,000, 8%, 5-year bonds on January 1, for $96,140. Interest is paid semiannually on January 1 and July 1.
PilotLPTM [1.2K]

Answer:

$3,266

Explanation:

First we must calculate the total amount received as bond premium:

$96,140 - $92,000 = $4,140

This should be amortized over 10 periods (= 5 years x 2 semiannual payments), so we must amortize $414 per period.

The coupon that the company pays = $92,000 x 8% x 1/2 = $3,680

So the interest to be recognized is = $3,680 - $414 = $3,266

5 0
2 years ago
Other questions:
  • According to the enotes, if a company does not have a current supplier for a part, they must issue a(n) _______ so their potenti
    9·2 answers
  • If oligopoly firms decide to work together, either formally or informally, and honor the agreement then profits can be ________
    11·1 answer
  • Suppose mountain spring water can be produced at no cost and that the demand and marginal revenue curves for mountain spring wat
    14·1 answer
  • A.J. and April Couch just opened a computer store in a small community. Before opening the store, they listened to their SBA cou
    14·1 answer
  • On February 2, 2016, the Farmer Corporation issued 9,000 shares of no-par stock for $17 per share. Within two hours of the issue
    6·1 answer
  • For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acqu
    5·1 answer
  • Chen Company's account balances at December 31, 2017 for Accounts Receivable and the Allowance for Doubtful Accounts are $800,00
    6·1 answer
  • Billy Thornton borrowed $20,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses
    14·1 answer
  • Farmers and ranchers are considered to be part of the ________ which is the subdivision of the food industry that produces agric
    12·1 answer
  • Rondelle, the manager of a busy hair salon, knows that she needs to entrust many of her tasks to supervisors and other employees
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!