Expedia and Priceline compete as online travel agencies. Historically, Expedia has focused more on flights, whereas Priceline
Question:
Expedia and Priceline compete as online travel agencies. Historically, Expedia has focused more on flights, whereas Priceline has focused on hotel bookings. The following amounts were reported by the two companies in 2015. Calculate each company’s net profit margin expressed as a percent (to one decimal place). Which company has generated a greater return of profit from each revenue dollar?
Transcribed Image Text:
(in millions) Total Liabilities Total Assets Total Revenues Net Income $ 723 2,551 $15,504 $10,574 8,625 $6,672 9,224 Expedia Priceline 17,421
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
Expedia Priceline Priceline has generated a greater return of profit fro...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-1259864230
6th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Question Posted:
Students also viewed these Business questions
-
Match each definition with its related term by entering the appropriate letter in the space provided. Term Definition 1. Expenses 2. Deferred Revenue A. A liability account used to record the...
-
For each of the following transactions for New Idea Corporation, give the accounting equation effects of the adjustments required at the end of the month on July 31: a. Received a $600 utility bill...
-
The following accounts are used by Mouse Potato, Inc., a computer game maker. Required: For each of the following independent situations, give the journal entry by entering the appropriate code(s)...
-
Doug, Peter, and Jack have the following capital balances;$150,000, $300,000 and $320,000, respectively. The partners shareprofits and losses 35%, 40%, and 25% respectively. Jones is goingto pay a 2...
-
Perform these operations with the appropriate number of significant figures. (a) 3.783 106 kg + 1.25 108 kg (b) (3.783 106 m) (3.0 102 s)
-
Two ordinary fair dice are rolled. If the first shows a number less than 3, then the score is the mean of the numbers obtained; otherwise the score is equal to half the absolute (non-negative)...
-
Do you think the use of technology in sports is based on the desire to gain an advantage or the fear of competing at a disadvantage? Is this an ethical concern for the use of technology?
-
It is possible for a company to be the lowest- cost producer in its industry and simultaneously have an output that is the most valued by customers. Discuss this statement.
-
#1. Using the provided Excel sheet for polymer flooding answer the following questions. Provide graphs that justify your answers. a. Test the following initial conditions (S11 = 0.6 and 0.7) for a...
-
What are some differences between financial and managerial accounting?
-
Andys Autobody Shop has the following balances at the beginning of September: Cash, $10,000; Accounts Receivable, $1,450; Equipment, $40,000; Accounts Payable, $2,000; Common Stock, $20,000; and...
-
Match each definition with its related term by entering the appropriate letter in the space provided. Definition Term 1. Accrual basis accounting A. Record expenses when incurred in earning 2....
-
We claim that the goal of the firm is to maximize current market value. Could the following actions be consistent with that goal? a. The firm adds a cost-of-living adjustment to the pensions of its...
-
Enter the following quantities into a spreadsheet. Column 1 Column 2 Y X 2 2 4 6 8 2.83 3.46 4 Column 3 X^2 Complete the missing column and graph columns 1 vs 3. Use a trendline and display the...
-
Explain to what extent Nelson's income should be chargeable to salaries tax for the year of assessment 2020/21. Compute the salaries tax liability of Nelson, if any, for the year of assessment...
-
A 41.0-kg child swings in a swing supported by two chains, each 3.04 m long. The tension in each chain at the lowest point is 346 N. (a) Find the child's speed at the lowest point. m/s (b) Find the...
-
A 17 ft ladder is leaning against a wall. If the top of the ladder slips down the wall at a rate of 4 ft/s, how fast will the foot be moving away from the wall when the top is 8 ft above the ground?...
-
A fisherman is reeling in a fish at a rate of 40 centimeters per second. If the tip of his fishing rod is 7.5 meters above the water, and we are assuming that the fish is near the water surface...
-
Diltex Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: Sales are budgeted at $240,000 for November, $220,000 for December, and $230,000 for...
-
The manager of a local convenience store is expanding his line of small toy items. To price these new items, the manager is looking at the prices being charged by competing retailers in his area. For...
-
Define beginning inventory and ending inventory .
-
The chapter discussed four inventory costing methods. List the four methods and briefly explain each.
-
What are the usual characteristics of preferred stock?
-
For each of the following utility functions: Calculate MUx, MUy, MRSx,y; determine whether or not the property of more is better is satisfied for both goods; determine whether or not the marginal...
-
The estimated supply function for avocados is Q = 58 + 15p - 20pf, where p is the price of avocados and pf is the price of fertilizer. The price elasticity of supply, estimated at p = 4 and pf = 10,...
-
Suppose you want to accumulate $10,000 for a down payment for a house. You will deposit $400 at the beginning of every month in an account that credits interest monthly at the rate of 0.6% per month....
Study smarter with the SolutionInn App