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Sholpan [36]
2 years ago
8

Curzon International is a hospitality chain that has a wide range of hotels and motels. The company provides luxurious and outst

anding service to its customers. The amenities given by the company are highly expensive; hence, it holds a very small share in the hospitality industry. The managers are not ready to forgo their dedication to providing great service to increase their market share. This shows that the company is based on the noble purpose of a. heroism b. discovery c. excellence d. altruism
Business
1 answer:
Mariana [72]2 years ago
7 0

Answer: Altruism

             

Explanation: It refers to the behavior when an individual considers the benefit of other more important than the self benefit.

In the given case, the hotel chain has the sole purpose of providing best services to its customers. They are not ready to forego their dedication towards service even if it results in loss of their market share.

It is not a case of excellence as they are not charging extra for the same service to increase their profits.

Hence from the above we can conclude that the correct option is D.

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The ledger of Tamarisk, Inc. at the end of the current year shows Accounts Receivable $109,000; Sales Revenue $830,000; and Sale
Rashid [163]

Answer:

(A)

bad debt expense 1,500 debit

account receivable 1,500 credit

(B)

bad debt expense 9,490

allowance for doubtful accounts 9,490

(C)

bad debt expense 10,015

allowance for doubtful accounts 10,015

Explanation:

(A)

Direct write-off doesn't use allowance,

bad debt is done directly to account receivable.

(B)

allowance = 11% of AR = 11% of 109,000 = 11,990

                                             balance (2,500 credit)

11,990 - 2,500 = 9,490

(C)

allowance = 9% of AR = 9% of 109,000 = 9810

                                                         balance 205 debit

9,810 + 205 = 10,015

Comments: the allowance is expected to be 9% or 11% of AR

so the goal for B and C is to reach a final balance of 9% or 11% of AR

so we have to subtract the balance from the expected allowance to knwo the adjustment.

5 0
2 years ago
BlackBerry, which gained significant market share in the early 2000s in the business, government, and consumer markets, lost mar
ziro4ka [17]

BlackBerry, which gained significant market share in the early 2000s in the business, government, and consumer markets, lost market share because "competitors offered phones with better designs and more features".

<u>Option:</u> B

<u>Explanation:</u>

The causes BlackBerry struggled are:

  • They were unable to innovate quickly enough. Apple and all the Android phone manufacturers released their phones with new operating system and physical shapes.
  • That was a major disruption in the market for cell phones and BlackBerry did not follow.

The company after Chen took over BlackBerry in late 2013 to concentrate more on apps. In 2016, the team stopped manufacturing its own branded phones and is now depending on suppliers to do so. The organization now provides a lot of its software and services revenues, as well as licensing, to big corporations.

4 0
2 years ago
Read 2 more answers
A $300,000 bond was redeemed at 98 when the carrying value of the bond was $292,000. the entry to record the redemption would in
Kobotan [32]

Answer:

correct option is a. loss on bond redemption of $2,000

Explanation:

given data

bond = $300,000

redeemed at =  98

carrying value of bond = $292,000

to find out

entry to record the redemption would include

solution

we know here that Redemption value is

Redemption value = bond × redeemed

Redemption value = $300,000 ×98%

Redemption value =$294,000     ................1

and here Carrying value is $292,000

so we paid excess amount that is

paid excess amount = $294,000 - $292,000

paid excess amount = $2000

so here correct option is a. loss on bond redemption of $2,000

6 0
2 years ago
A number of things organizations can do prior to change to prepare employees include which of the following?
natulia [17]

Answer:

The correct answer is Allow employees to particpate.

Explanation:

Following a strategy in which employee participation is promoted does not imply that all problems are delegated to them, or rather unimportant problems; It consists in the active intervention of workers when identifying, analyzing and solving problems that make it difficult to achieve business objectives. It is important that employees get involved in the challenges of the organization to which they belong, and in the same way that they feel satisfied by a positive performance, they must also be aware and persistent in the face of adverse situations that affect the performance of the company.

6 0
2 years ago
Curtis purchased inventory on December 1, 2020. Payment of 250,000 stickles was to be made in sixty days. Also on December 1, Cu
jek_recluse [69]

Answer: $0

Explanation:

Forward contracts get their value from the cost and on December 1, there was no cost to Curtis as he Curtis had just signed the contract.

This means that the amount that should be recorded for the Forward Contract should be $0. Even though the contract is valued at $0, it will still need to be credited against the amount to be received to at least recognize that a forward contract was entered into.

3 0
2 years ago
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