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ELEN [110]
2 years ago
11

The Ritz-Carlton Hotel trains each employee to note the likes and dislikes of regular customers and record this information into

a computerized guest history profile that provides information on the preferences of 240,000 repeat Ritz-Carlton customers. Through the use of this customer database, the Ritz-Carlton is able to provide more personalized service to its guests. If, for example, a guest prefers a feather pillow or always orders a glass of sherry before retiring, this information can be entered in the database and these needs can be anticipated and met. By providing more personalized service, the Ritz-Carlton is narrowing provider ________ of the gaps model of service quality.
Business
1 answer:
Hoochie [10]2 years ago
8 0

Answer:

The correct answer is: Gap 1

Explanation:

The Gap Model of Service Quality is also referred to as Customer Service Gap Model or sometimes the 5 Gap Model. It is commonly used by businesses to understand and measure customer satisfaction. According to the model, there are five major satisfaction gaps that companies need to take into consideration.

The given scenario is an example of Gap 1 of the Gaps Model of Service Quality. It is called the 'knowledge gap' which is the difference between customer's expectations and the company's provision of that service. This gap usually takes place as a result of the management's lack of knowledge and understanding about the customer's expectations.

 

 

 

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For the most recent year, Camargo, Inc., had sales of $546,000, cost of goods sold of $244,410, depreciation expense of $61,900,
weqwewe [10]

Answer:

Explanation:

As we know that time interest earned ratio = Income before interest and taxes / interest expense.

Sales                                                                                           = 546000

less: cost of goods sold                                                            =  (<u>244410</u>)

            Gross profit                                                                       301590

Less: <u>expenses</u>

          Depreciation expense                                                      =( <u>61900   </u>)    

         Profit before interest and taxes                                         239690

Less: tax

      (239690 * 23%)                                                                =   (<u>55128</u>)            

                         Profit                                                                   184562

Profit - Retained earning Addition  = Interest

      184562 - 74300 = 110262.

Interest earned ratio = 239690 / 110262 = 2.17 times  

3 0
2 years ago
TPW, a calendar year taxpayer, sold land with a $535,000 tax basis for $750,000 in February. The purchaser paid $75,000 cash at
statuscvo [17]

Answer:

Explanation:

Amount realized on sale:

Cash                                                                 $75,000

Purchaser’s note 675,000

                                                                                         $750,000

Adjusted basis (535,000)

Gain realized on sale $215,000

b. $215,000 gain realized ÷ $750,000 contract price = 28.67% gross profit percentage.

Cash received in year of sale:

Cash at closing                                             $75,000

August principal payment 33,750

                                                                                       $108,750

Gain recognized   (108750*28.67%) $31,179

A. Book gain                                     $215,000

Tax gain (31,179)

Book/tax difference                                       $183,821

B. $183,821 × 35% = $64,338 deferred tax liability

The excess of book gain over tax gain is a favorable difference.

6 0
2 years ago
Santa Corporation issued a bond on January 1 of this year with a face value of $1,000. The bond's coupon rate is 6 percent and i
vampirchik [111]

Answer:

1. Total of amortisation for 3 years = 16+17+19 = 52

Bonds issue price = 1000 - 52 = $948

2.

Bond is sold at discount.

Amount of discount = Amount of amortisation over 3 years

= $52

3.

Amount to be shown in balancesheet will be inclusive of the amortisation charge for the year

Bonds payable at the end of Year 1 = 948 + 16 = 964

Bonds payable at the end of Year 2 = 964 + 17 = 981

4.

a,

$60 is the amount of interest paid per annum. This is calulated on the facevalue of bond

$1,000x x6% = %60

b,

$77 is the interest expense for Year 2.

This is sum of Interest paid and Amortisation charge for the year

= 60 + 17 =77

c,

$17 is the amortization expence for Year 2

Opening balance of Bonds payable for Year 2 = $964

Market rate of interest = 8%

Interest charge for Year 2 = $77

Cash paid as interest = $60

Hence amortisaton charge for Year 2 = Interest expense - Interest paid = $77 - $60 = $17

d,

$981 is the balnce of balance of bonds payble after Year 2

Balance for Year 2 = Opening balance payable + Amortisation expence for the Year (arived from Step 4c above) = $964 + $17

= $981

8 0
2 years ago
A ten-year, inflation-indexed bond has a par value of $10,000 and annual coupon rate of 5 percent. During the first six months s
Anvisha [2.4K]

Answer:

The correct answer is option (B).

Explanation:

According to the scenario, the given data are as follows:

Par value of bond = $10,000

Coupon rate Annual = 5%

So, Coupon rate semi annual = 2.5%

Inflation rate semi annual = 2%

So, we can calculate the coupon payment for six months by using following formula:

New par value of bonds after inflation = $10,000 + ( $10,000 × 2% ) = $10,200

So, Coupon payment = New par value × Coupon rate semi annual

= $10,200 × 2.5%

= $255

5 0
2 years ago
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2 years ago
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