Contents 1. Introduction 4 1.1 Purpose: 4 1.2 Scope: 4 1.3 Limitations: 4 2. Literature review 4 2.1 The five phases of tourist experiences 4 Figure 2: the three phases of the vacation experience (Craig - Smith & French‚ 1994) 5 2.2 Tourist motivations 6 2.3 Tourist typologies 6 3. Personal holiday experience 8 3.1 Phases of holiday 8 3.1.1 Anticipation phase 8 3.1.2 Travel to site 8 3.1.3 On site activity 8 3.1.4 Return travel 9 3.1.5 Recollection 9 3.2
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J & L Accounting‚ Inc. Income Statement For the Month Ending January 31‚ 2013 Revenues Service Revenues 8‚375.00 Expenses Advertising Expense 2‚350.00 Rent Expense 1‚000.00 Office Supplies Expense 75.00 Telephone Expense 660.00 Utilities Expense 2‚925.00 Depreciation Expense 1‚100.00 Total Expenses 8‚110.00 Net Income 265.00 J & L Accounting‚ Inc. Post-Closing Trial Balance January 31‚ 2013
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1. J & L should hedge only some of its exposures to diesel fuel. Although there are several financial instruments available for J & L to hedge against the risk of rising diesel fuel prices‚ these instruments still have their own downsides and possibly their own risks. For example‚ the future contracts from NYMEX seems like an effective hedging strategy for J &L‚ but there are some difficulties in terms of using futures from NYMEX to hedge against the diesel prices. NYMEX does not trade
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J & L Railroad 1. J & L can use heating oil futures to hedge its exposure to diesel fuel prices. Which futures position should J & L take? Explain. J&L Railroad should take a long position. They need to purchase diesel fuel in the future‚ they don’t produce diesel fuel‚ so they would want to take a future to be able to lock in the price of diesel fuel for future purchases. 2. What problems could the use of heating oil futures for hedging create for J&L? Note: I assume this question is asking
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BOX & JENKINS METHOD I. Introduction Many market participants‚ namely‚ international investors‚ banks‚ non-bank financial institutions‚ portfolio managers‚ are interested in coming up with a model‚ which accurately predicts exchange rates. Managers of multinational corporations are interested in accuracy of such foreign exchange prediction models as it directly impacts their activities relating to exposure management‚ hedging‚ arbitraging‚ investing and financing decisions. Policymakers frequently
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in Europe‚ which was called "the age of enlightenment". In conclusion of this rise in demand for tourism European destinations started developing themselves to be able to answer the needs of the tourists with facilities. However as it was the first stages of this idea of travelling abroad for tourism‚ these travels only appealed to wealthy families that could afford these tours up until the introduction of the railways in the 19th century. With the railways‚ general public also started to consider
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1Introduction to Tourism * 2. Learning Objectives Understand what tourism is and its many definitions. Learn the component of tourism and tourism management. Knows the benefits and costs of tourism * 3. Introduction Tourism is the leader in the production of new jobs. Tourism has developed an important part of the economic foundation of many countries. Growth rate of services sector faster than any other. * 4. Tourism – Myths and Realities Myths RealitiesThe majority of tourism in the world
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INTRODUCTION TO TOURISM : “God’s earth in all its fullness and beauty is for the people‚ Thomas Cook Yes god’s earth is very charming and beautiful ones. Travel from the ancient time has held a fascination for mankind .The urge to explore new places and seek a change of environment is not new. In all the epics whether it is “The Ramayana’’ or “The Mahabharata” or “The Bible” every where travel has been mentioned. only reasons were different. Somewhere travel was to escape from one to another
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An Introduction to Tourism Supply Back to Table of Contents Goeldner‚ C. R.‚ J. R. B. Ritchie and R. W. McIntosh. 2000. Tourism Components and Supply. In Tourism: Principles‚ Practices‚ Philosophies. New York‚ John Wiley and Sons Ltd.: 362-393 This overview chapter on tourism classifies tourism supply into four basic components: natural resources and environment; the built environment;
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Table of contents 1.0 Introduction 2 1.1 Medical Tourism 2 2.0 Aims 3 2.1 Objectives 3 2.2 Scope of the study 3 3.0 Research Methodology 3 3.1 Data Collection 5 3.1.1 Primary Data 5 3.1.2 Secondary Data 5 4.0 References: 6 1.0 Introduction 1.1 Medical Tourism Medical Tourism refers to movement of consumers to the country providing the service for diagnosis and treatment. The size of this market is estimated to be $40 billion based on a Saudi Report in 2000. During the
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