Read Exercise 18-19 on page 914 and CP 18-3 on page 922. What do the managers listed in CP 18-3 and the management of Hotel Monaco all have in common?

EX 18-19 Uses of managerial accounting in a service company Priceline.com allows customers to bid on hotel rooms by "naming their price." This "name your price" process allows customers to obtain a better rate on a hotel room than they might be able to obtain by reserving their room directly from the hotel. The hotel can also benefit from this transaction by filling empty hotel rooms during periods of low occupancy LO 1,4 Natalie Mooney bids $85 for a night's stay at the Hotel Monaco in Seattle on Saturday August 10. The Hotel Monaco is not fully booked that evening and would likely accept any reasonable bids. How might the Hotel Monaco use managerial accounting information to decide whether or not to accept Natalie's bid? CP 18-3 Communication Todd Johnson is the vice president of Finance for Boz Zeppelin Industr cent finance meeting, Todd made the following statement: "The manag should use the same information as the shareholders of the firm the same information to guide their internal operations as shareholders use in. their investments, the managers will be aligned with the stockholders' p elin Inc. At a re- of a company pany you might Prepare a one-half page memo to Todd discussing any concerns have with his statement