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Many Hotels Have Been Exploring Ways to Allow Customers to Check

question 102

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Many hotels have been exploring ways to allow customers to check out without waiting at the front desk upon leaving. This would greatly decrease checkout time and allow the front desk to be used for incoming and existing customers. One idea is to permit customers to pay for their hotel stay online the night before checkout and then to leave their keys in the room. Which statement, if True, would BEST support this new idea for checking out?


Definitions:

Noncurrent Asset

A noncurrent asset is a long-term investment or property that a company does not expect to convert into cash within one year.

Investing Cash Flow

Investing cash flow refers to the cash inflows and outflows associated with the purchase and sale of long-term investments and capital assets.

Current Ratio

A liquidity ratio that measures a company's capacity to pay off its short-term liabilities with its short-term assets.

Total Assets

The sum of all assets owned by a company, including both current and non-current assets, as recorded on the balance sheet.

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