Searchmont Ski Resort Was Finding That the Spring Season Was

question 186

Multiple Choice

Searchmont Ski Resort was finding that the spring season was a particularly slow time for chalet rentals.In order to increase the occupancy rate,Searchmont should implement a

• A) quantity discount.
• B) seasonal discount.
• C) skimming discount.
• D) cash discount.
• E) trade discount.

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Definitions:

Credit

A bookkeeping record that raises either liabilities or equity or lowers an asset or expense.

Abbreviated

Refers to shortened or condensed forms of words, terms, or documents, often used to save space or time.

Revenue Accounts

Accounts used to record the income generated from a company's primary operations.

Credit Balance

A situation where the amount of credits in an account exceeds the debits, signifying an amount owed to the account holder.