1. The Howell’s decided to build a resort hotel on land owned by Chief Ugundi. For each of the following items, indicate whether the cost should be recorded as Land (L), Land Improvements (LI), Resort Hotel (RH), or Equipment (E) by placing the correct answer in the space provided.

2. Prepare below the journal entry to record the above transactions assuming all costs were paid with Cash the Howell’s brought with them to the island. Please note that all costs listed above should be included in one of the accounts listed below. Just fill in the debit amounts appropriately and check to make sure all debits together equal the amount for Cash.

3. The Skipper and Gilligan spent $200,000 to build a marina in the cove. The marina is expected to have a useful life of 20 years at the end of which it is expected to have a salvage value of $30,000. Show your calculation of depreciation expense per year below.

Prepare below the journal entry to record depreciation expense for Year One using the straight-line method.

Prepare below the journal entry to record depreciation expense for Year Two.

      C. What is the book value of the marina after Year Two? Show your work below.

Quantitative Methods in BUSN

Solve this problem using Excel Solver

1. Devos Inc. is building a hotel. It will have 4 kinds of rooms: suites where customers can smoke, suites that are non-smoking, budget rooms where the customers can smoke, and budget rooms that are non-smoking. When we build the hotel, we need to plan for how many rooms of each type we should have. The following are requirements for the hotel:

1. We want to figure out how many rooms of each type to build based on maximizing revenue if we fill up the hotel. We expect to charge $190 for a suite that is non-smoking and $140 for a budget room that is non-smoking. Smoking room customers for both suites and budget rooms will have to pay an additional $20 per night.
2. We can spend up to $7,500,000 on construction of our hotel. The cost to build a non-smoking budget room is $12,000. The cost to build a non-smoking suite is $15,000. It is $3,000 additional for a smoking room of either type for smoke detectors and sprinklers.
3. We require that the number of budget rooms be at least 1.5 times the number of suites, but no more than 3 the number of suites.
4. There needs to be at least 80 suites, but no more than 200.
5. Industry trends recommend that smoking rooms should be less than 50% of the non-smoking room and in addition, we require our builder gives us at least 4 smoking rooms.

Answer the following using your Solver answers:

1. How many of each room type should be built, and what would the revenue be for a night when our hotel was fully booked?
2. Without re-running Solver, what happens to our revenue if we get an additional $1,500,000 for building? Explain in words how you got this answer without re-running solver. Over what amount of construction costs can you use this procedure?
3. Over what range of room price can our budget non-smoking rooms vary over for us to get the same answer for the quantity of each type of room?

1 - A population that is at equilibrium has two alleles, A and a. The frequency of the recessive allele a is 0.3. What is the frequency of individuals that are homozygous recessive?

2 - A population that is at equilibrium has two alleles, A and a. The frequency of the dominant allele A is 0.3. What is the frequency of individuals that are homozygous recessive?

Iridium is essentially tied with osmium for the distinction of being called the “densest element” with a density of 22.5 g/cm3. What would be the mass in pounds of a 1.0 ft x 1.0 ft x 1.0 ft cube of iridium? (1 lb = 453.6 g)

Which Economic Model best describes and analyzes this article?

‘NO EXCESSIVE BARKING’: A Chevy Chase dog park divides the rich and powerful

A sign that reads “NO EXCESSIVE BARKING’ sits behind Chubbs, right, and Louie, left, a French bulldog who is the unofficial mayor of the dog park. (Bill O’Leary/The Washington Post) By Jessica Contrera August 28, 2019 at 7:00 a.m. EDT Everyone knows there’s a problem with Chubbs. Dirt is smeared across his face. His tongue is rolling out of his mouth. He’s surrounded by signs that say “NO EXCESSIVE BARKING.” But the 5-month-old golden retriever does not know how to read. At a dog park in one of Maryland’s wealthiest suburbs, he spends this sunny August morning rolling on his back. He opens his mouth, and then, he does it. He woofs. Twice. “CHUBBS!” four humans around him yell, trying to stop him from doing what dogs do — just not in Chevy Chase Village this summer. Here in this community of the rich and powerful, where the average household income is $460,000, barking is the subject of a ferocious (fur-ocious?) debate — one that has divided the two-legged one-percenters for nearly a year. The drama began last fall when the village spent $134,000 to turn a muddy triangle of land into a park where pups could run off-leash in a fenced refuge. Chase tennis balls. Sniff one another’s butts. But after about a month, signs decrying the barking of those dogs began appearing around the park. The village police started receiving almost daily calls about the noise, mostly from one particular neighbor whose house backs up to the park. By spring, the tension had escalated so much that the Chevy Chase Village Board of Managers called a public hearing. Then another in June. And another in July.
At the center of it all is Elissa Leonard, chair of the village board and wife to Jerome H. Powell, who is also a chair — of the Federal Reserve. In recent months, her husband has been under attack from President Trump, who appointed him but blames him for the tanking stock market. “My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?” the president tweeted Friday. Leonard, meanwhile, is on the receiving end of a different siege: from village residents who say their peace and quiet has been disturbed by barking dogs. “Around dinner time, I’d like to be able to sit on my deck and maybe read a book and chat with a friend or have a glass of wine, and the dogs are barking,” Joanie Edwards, the neighbor who had been calling police, testified at the meeting in May. “As residents of Chevy Chase, how many times is it acceptable for you to be bothered in your house every day?” Tom Bourke, a real estate developer whose house sits across the street from the park, asked in June. “You’ve created a nuisance.” The park regulars, he acknowledged, were trying to hush their hounds. He heard that they were ostracizing the yappiest dogs, including, he told the board, “a certain standard poodle whose name should be withheld.” “But there are people,” chimed in Bourke’s wife, Dale, “and I don’t mean to characterize the District, but I just notice that they have District plates on their cars, and they have very little regard for us or our property . . . there are dogs barking and they’re just not doing anything.” “I hear you,” Leonard said again and again, with the patience of a dog trainer. She explained to the residents that no, they could not restrict access just to dogs from the immediate neighborhood (where the houses for sale currently range in price from $1.1 million to $22.5 million). The village purchased this 15,000-square-foot parcel of land in the 1980s, in part, using state money, so it had to remain open to the public. For years, it had been a favorite spot of local dog owners, so when the village wanted to update its parks, a dog park just made sense. Neighbors voiced their support. A unanimous vote followed. But now the park was somehow both a wild canine circus sabotaging property values and a beloved gathering space for only the politest of pooches. Leonard, whose Norwich terrier, Pippa, does not frequent the park, tried to make both sides happy. To limit barking in the early hours, the board changed the opening time from 7 to 8 a.m. To stop outsiders from driving to Chevy Chase Village and parking on the Bourkes’ street — taking the spots where the family liked their lawn maintenance service to park — the dog park was wiped from the village website. To determine the extent of the barking and the parking, the board paid $1,300 for a woman with a graduate degree in epidemiology to spend weeks studying the behavior of the dogs and their humans. During 54 visits, the researcher witnessed seven dog owners who drove to the park instead of walking. “One of these people,” she testified in June, “did allow his dog to relieve himself on the green space next to the street.” But on the barking, no conclusion was reached. What was minimal to some was enough for Edwards to call the police, exasperated that she had to turn on music inside her home so she didn’t have to hear the dogs. She doesn’t want to be the bad guy, she said in an interview. But as a retired elementary school teacher, she now spends her days at home painting. She does landscapes from her travels and portraits of people, vibrant creations so popular in her circle that friends and strangers have also commissioned her
to paint their most beloved companions: their pets. She and her husband, a lawyer, used to have dogs of their own. Her last, a black lab named Zoe, died four years ago. “People in the community keep saying, ‘She should get another dog, if she had a dog, it would be different,’ ” Edwards said. “Well, first of all, I am a very considerate person, and if I had a dog, and he was barking in my back yard, I would bring him in. If my children were in a restaurant crying, I would take them out.” The fence, she says, should come down, so the dog park is just a park. At a public hearing on Sept. 9, Leonard and the board may decide to do just that. The dog lovers are planning to crowd the hearing, have organized a letter-writing campaign and started a Facebook group, Save the Chevy Chase Dog Park, with more than 100 likes. “What are they going to do next, ban dancing?” asked Pat Murphy, the group’s moderator. Murphy, who lives in a nearby section of Chevy Chase, says he literally does “not have a dog in this fight.” He does not own a dog. He used to take his son’s miniature Australian shepherd to the park, but his son moved away this summer. Now he sometimes walks alone to the park, where every morning, the conversation returns to the handful of complaining neighbors. “They should be put in jail,” said Doug Gansler, a former Maryland attorney general and an unsuccessful gubernatorial candidate, while his King Charles spaniel, Jack, searched for a new dog to hump. “Doug!” scolded Patty Martin, mother to the park’s unofficial mayor, a French bulldog named Louie, and wife to the head of gastroenterology at Washington Hospital Center. She, too, thought the complainers were being selfish. “Where’s the democratic process?” Martin asked in an interview last week. “Why is the 1 percent deciding for the 99 percent?” “This is not verified,” she continued, “But we have heard through reliable sources that this woman has threatened a lawsuit against the village over the park. Well, many dog park users are lawyers, too, so we’re wondering, should we get a lawyer? Do we have grounds to sue?” While lawyers consulted lawyers, her husband contacted media outlets. Eventually, the story made its way to this reporter, and to her recently adopted mutt, who visited the park in hopes of sniffing out what was really going on. Despite their owners’ fretting, Chubbs, Jack, Louie and all the other dogs appear unaware that their joyful morning romp has caused such a kerfuffle. The aforementioned “standard poodle whose name should be withheld” did not make an appearance. After this reporter’s dog spent some time digging (for the truth, we presume), he was asked what he thought of the park. He woofed. Twice. The police did not arrive.

The sample study below shows the number of miles you can run and the effect it has on reducing your blood pressure level. = 0.05 (5%)

1. Derive the equation for least square regression line.

2. If you ran zero/no mile what would be your blood pressure?

3. If you ran 6 miles what would be your blood pressure?

4. To have a blood pressure of zero how many miles do you need to run?

5. To have a blood pressure of 100 how many miles do you need to run?

6. Find and explain the value for the coefficient of correlation (‘r) in the context of the question.

7. Find and explain the value for the coefficient of determination (‘r²) in the context of the question.

Dryden purchased a van for $24,000 on January 1, in year 1 and planned to use it as rental property. The van has an estimated salvage value of $4,000 and an estimated useful life of 4 years. Dryden also assumed that the productive capacity of the van is 100,000 miles, and odometer readings indicate that the van was driven 40,000 miles in year 1, 20,000 miles in year 2, 30,000 miles in year 3, and 15,000 miles in year 4, respectively.

Required:

I. Determine the depreciation expense for year 1, year 2, year3 & year 4 by using straight-line method.

II. Determine the depreciation expense for year 1, year 2, year3 & year 4 by using double declining balance method.

III. Determine the depreciation expense for year 1, year 2, year3 & year 4 by using units of production method.

(All answers were generated using 1,000 trials and native Excel functionality.)

Grear Tire Company has produced a new tire with an estimated mean lifetime mileage of 36,500 miles. Management also believes that the standard deviation is 5,000 miles and that tire mileage is normally distributed. To promote the new tire, Grear has offered to refund some money if the tire fails to reach 30,000 miles before the tire needs to be replaced. Specifically, for tires with a lifetime below 30,000 miles, Grear will refund a customer $1 per 100 miles short of 30,000.

Miles Company had the following select receivable transactions.

2019

11/1 Loaned $24,000 cash to N. Jones on a 12-month, 8% note.

12/1 Made Miles Company credit card sales totaling $10,500. (There were no balances prior to December 1.)

12/15 Made Visa credit card sales totaling $14,800 (service charge fee 2%).

12/30 Collected $4,400 on Miles Company credit card sales.

12/31 Added finance charges of 1% to Miles Company credit card balance.

12/31 Accrued interest on N. Jones note.

2020

11/1 Received principal plus interest on N. Jones note.

Instructions Prepare journal entries to record the transactions above assuming Miles Company prepares adjusting entries once a year on December 31.

Please show all calculations and explanations for each row and colum (Depreciation expense,accumulated depreciation,ending book value ect.)

Prepare a depreciation schedule showing depr. exp., accumulated depreciation and ending book value, year-by-year.
3 schedules for the 3 methods straight-line, units-of-production, double declining basis. Asset is a delivery Truck.

Est. Life ………… 5
Orig. Cost Basis 24,500.00
Est. Residual Value 2,500.00
Est. total mileage 100,000
miles driven, Yr 1 21,400
miles driven, Yr 2 19,700
miles driven, Yr 3 18,900
miles driven, Yr 4 23,400
miles driven, Yr 5 16,600
Part 2:
Assuming the truck is sold at the end of yr. 3, give the gen. journal entry to record the sale (straight-line method)
assume it was sold for 11,720.00