The Carluccis Decided to Open a Resort

question 9

Multiple Choice

The Carluccis decided to open a resort. In the first month of operation they collected cash and credit card receipts of $1,612.50. All rooms rent out at $75 a night and during the month they had 19 room rentals. In addition to the 19 rentals, they received non-refundable deposits of $37.50 each on another five nights of rentals. Two of those deposits related to the current month and the people failed to show up. The Carluccis did not refund the deposits for these two customers. The remaining three deposits are 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.

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Definitions:

NLRA

The National Labor Relations Act, a foundational statute in United States labor law which protects the rights of employees to organize and bargain collectively.

Majority

The greater part or number; in a voting context, it refers to more than half of the votes.

Union

An organized association of workers formed to protect and further their rights and interests; typically involved in labor negotiations and bargaining with employers.

NLRB Rule

Regulations established by the National Labor Relations Board that govern labor practices and union-employer relations in the United States.