Describe Yotel's positioning strategy and how it is able to successfully accomplish it
What will be an ideal response?
The positioning strategy of this capsule hotel company focuses on offering different classes of rooms called "cabins." These were derived from capsule hotels in Japan and first-class cabins on British Airways. Premium rooms include a double bed that can be converted to a couch at the touch of a button, tables that accommodate hand luggage, a luxury bathroom, a desk that unfolds; and a host of technological accoutrements. The costs are about half of what typical hotel rooms go for in London.
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Lagos Corp recorded sales of $345,000 in 2010, in addition its accounts receivable and accounts payable balances at the beginning and end of 2010 were as follows: Jan. 1, 2010 Dec. 31, 2010 Accounts Receivable $65,000 $90,000 Accounts Payable $32,000 $28,000 How much cash did Lagos collect from customers in 2010?
a. $345,000 b. $320,000 c. $324,000 d. $316,000
The company determines that the interest expense on a note payable for the period ending December 31 is $775 . This amount is payable on January 1 . Prepare the journal entries required on December 31 and January 1
A law that establishes the period or deadline for filing a lawsuit is a:
A) statute of limitations. B) statute of frauds. C) deposition. D) request for documents.
The need to protect intellectual property is recognized in the Declaration of Independence
a. True b. False Indicate whether the statement is true or false