Modern revenue management systems maximize revenue potential for an organization by helping to manage
a. pricing strategies.
b. reservation policies.
c. short-term supply decisions.
d. All of the alternatives are correct.
d
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A firm faces a liquidity crunch and must decide between borrowing from a bank at 12% interest and stretching its payables for one quarter. If it stretches the payables it will forgo a 2% discount for timely payment. Based solely on cash flows, which would you suggest?
A) use the bank loan; forgoing a cash discount is costly B) use the bank loan because it represents simple interest C) stretch the payables and finance at a savings of approximately 3.76% annually D) stretching saves the firm approximately 8% per year
What is a prior-period adjustment? How and when is a prior-period adjustment recorded?
What will be an ideal response