The Carluccis Decided to Open a Resort

question 24

Multiple Choice

The Carluccis decided to open a resort. In the first month of operation they collected cash and credit card receipts of $1,800. All rooms rent out at $75 a night and during the month they had 19 room rentals and had received non-refundable deposits of $37.50 each on another five nights of rentals. For two of those deposits the people had failed to show up and the Carluccis did not refund the deposits, the other three deposits were for future stays. The appropriate amount for them to recognize as revenue for their first month is

• A) $1,425.
• B) $1,500.
• C) $1,800.
• D) $1,575.

Recognize the significance of the encoding and decoding processes in the communication model.

Identify the role of technology in modern organizational communication.

Acknowledge the psychological and organizational effects of communication technologies.

Grasp the different methods and strategies for managing information load and ensuring efficient communication.

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Definitions:

Straight-Line Depreciation

A depreciation method where an asset's cost is evenly distributed over its expected lifespan.

Net Present Value

A financial metric used to evaluate the profitability of an investment, calculated by subtracting the present value of cash outflows from the present value of cash inflows over a period.

Capital Budgeting

The process of making long-term planning decisions for investment projects, evaluating their potential profitability and financial impact.

Straight-Line Depreciation

A method of calculating depreciation by evenly spreading the cost of an asset over its useful life.