What percentage of booked passengers do airlines estimate will be no-shows?
a. 1%
b. 5%
c. 10%
d. 15%
c. 10%
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Use the information below for Fargo Corp for 2015 and 2016 to answer the following question. Bonds payable, December 31, 2015 $500,000 Bonds payable, December 31, 2016 800,000 Loss on bond retirement—2016 15,000 Interest expense on bonds—2016 45,000 At the end of 2016, Fargo issued bonds at par value for $800,000 cash. The proceeds from these bonds were used to retire the $500,000 bond issue
outstanding at the end of 2015 (before their maturity date). All interest expense was paid in cash during 2016. How much did Fargo pay to retire the $500,000 bond issue during 2016? a. $485,000 b. $500,000 c. $515,000 d. $560,000
Norman Co. had $5,925 million in sales and $1,155 million in ending accounts receivable for the current period. For the same period, Opal Co. reported $5,885 million in sales and $790 million in ending accounts receivable. Calculate the days' sales uncollected for both companies as of the end of the current period and indicate which company is doing a better job in managing the collection of its receivables.
What will be an ideal response?
An employee regularly earns $12 per hour for an 8-hour day with time-and-a-half for overtime hours. Assuming that the employee works a 12-hour day, the total amount of overtime premium is:
a. $72. b. $48. c. $24. d. $6.
Changes in tariffs and quotas are
A. government actions that reduce competition from international firms. B. a means of slowing outsourcing. C. efforts to stimulate choices among government agencies. D. corporate strategies designed to maximize profits. E. business actions stimulating imports.