The Starr Theater, owned by Meg Vargo, will begin operations in
March. The Starr will be unique in that it will show only triple
features of sequential theme movies. As of March 1, the ledger of
Starr showed: Cash $2,950, Land $22,000, Buildings (concession
stand, projection room, ticket booth, and screen) $10,000,
Equipment $10,000, Accounts Payable $6,000, and Owner’s Capital
$38,950. During the month of March, the following events and
transactions occurred.
| Mar. 2 | Rented the three Indiana Jones movies to be shown for the first 3 weeks of March. The film rental was $3,000; $1,400 was paid in cash and $1,600 will be paid on March 10. | |
| 3 | Ordered the Lord of the Rings movies to be shown the last 10 days of March. It will cost $150 per night. | |
| 9 | Received $4,000 cash from admissions. | |
| 10 | Paid balance due on Indiana Jones movies rental and $1,500 on March 1 accounts payable. | |
| 11 | Starr Theater contracted with Adam Ladd to operate the concession stand. Ladd is to pay 15% of gross concession receipts, payable monthly, for the rental of the concession stand. | |
| 12 | Paid advertising expenses $700. | |
| 20 | Received $5,000 cash from customers for admissions. | |
| 20 | Received the Lord of the Rings movies and paid the rental fee of $1,500. | |
| 31 | Paid salaries of $2,500. | |
| 31 | Received statement from Adam Ladd showing gross receipts from concessions of $5,000 and the balance due to Starr Theater of $750 ($5,000 × 15%) for March. Ladd paid one-half the balance due and will remit the remainder on April 5. | |
| 31 | Received $8,900 cash from customers for admissions. |
1.) Enter the beginning balances in the ledger.
2.) Journalize the March transactions. Starr records admission
revenue as service revenue, rental of the concession stand as rent
revenue, and film rental expense as rent
expense.(Credit account titles are automatically
indented when the amount is entered. Do not indent manually. Record
journal entries in the order presented in the problem. If no entry
is required, select "No Entry" for the account titles and enter 0
for the amounts.)
3.) Post the March journal entries to the ledger.
(Post entries in the order of journal entries presented
in the previous question.)
In: Accounting
|
| 1.) Enter the beginning balances in the ledger. 2.) Journalize the March transactions. Starr records admission revenue as service revenue, rental of the concession stand as rent revenue, and film rental expense as rent expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 3.) Post the March journal entries to the ledger. (Post entries in the order of journal entries presented in the previous question.) |
In: Accounting
4-2 Short Paper: Major Contributions of Minority Groups Assignment Task: Submit to complete this assignment Trace some of the major contributions of an ethnic or "minority" group to U.S. culture, for example, to music, the arts, dance, or theater. There are many other possibilities! Develop your composition based on an area of interest to you in the arts.
In: Nursing
A Theater has n numbered seats, and n tickets are distributed among n persons. Compute the probability that
(a) exactly two persons will be seated at seats corresponding to their ticket numbers if all the seats are occupied at random.
(b) at least two persons will be seated at seats corresponding to their ticket numbers if all the seats are occupied at random.
In: Math
On a daily basis, the Vampire Van is dispatched from Maplewood Hospital to pickup blood and platelet donations made at its local donation centers. The distances in miles between all locations may be found in the table below. a. The Vampire Van travels from the Hospital (A) to (B) to (C) to (D) to (E) and then returns to the Hospital (A). What is the total number of miles that the van must travel using this route? (Enter your response rounded to one decimal place.) b. Using Maplewood Hospital as the beginning location, create a route using the Nearest Neighbor heuristic. What is the total number of miles that the van must travel using this route? (Enter your response rounded to one decimal place.) c. Using Westbrook (Upper C) as the beginning location, create a route using the Nearest Neighbor heuristic. What is the total number of miles that the van must travel using this route? (Enter your response rounded to one decimal place.)
|
Maplewood Hospital (A) |
City Center Donation Site (B) |
Westbrook Donation Site (C) |
Municipal Park Donation Site (D) |
Valley Hills Donation Site (E) |
|
|
Maplewood Hospital (A) |
— |
3.1 |
5.3 |
3.2 |
4.4 |
|
City Center Donation Site (B) |
3.1 |
— |
6.7 |
2.2 |
4.3 |
|
Westbrook Donation Site (C) |
5.3 |
6.7 |
— |
6.2 |
2.5 |
|
Municipal Park Donation Site (D) |
3.2 |
2.2 |
6.2 |
— |
4.6 |
|
Valley Hills Donation Site (E) |
4.4 |
4.3 |
2.5 |
4.6 |
— |
In: Operations Management
Question 2
Draw the marginal cost (MC), average variable cost (AVC) and average total cost (ATC) curves for a typical firm in a diagram, and briefly explain the relationship between:
a. AVC and ATC.
b. MC and ATC.
In: Economics
You are a CEO of a national restaurant chain. You are facing an investment proposal of building 20 new hotels across the country. Since hotel is a new business line for your company, the management finds Hilton Hotel corporation as one pure play company to assist the evaluation of this investment proposal. With the following information, what discount rate should you use to evaluate this investment proposal?
1 year government bond return: 0.85%
10 year government bond return: 2.41%
Expected market risk premium: 5%
Info on Hilton
Equity return: 6.20%
Equity beta: .76
Debt to value ratio: 14%
Marginal tax rate: 40%
Info on your company
Book value of long-term debt: $5,000,000
Book value of equity: $5,000,000
Share price: $15
Number of shares outstanding: 1,000,000
Debt rate premium above government bonds is 3%
Marginal tax rate: 40%
The before tax cost of debt is _______________%
In: Finance
A hotel manager is looking to enhance the initial impression that hotel guests have when they check in. Believed to contribute to initial impressions is the time it takes to deliver a guest’s luggage to his or her room after check-in. A random sample of 20 deliveries on a particular day were selected from Wing A of the hotel, and a random sample of 20 deliveries were selected in Wing B (i.e., the Excel tab LUGGAGE).
(a) Identify which type of test is most appropriate for you to use, justify your answer.
(b) Determine whether or not the mean delivery time differs for the two wings of the hotel (use α = .05).
(c) If faster luggage delivery time is positively related to guests’ initial impression, which wing(s) should receive the highest impression ratings?
| Wing A | Wing B |
| 13.70 | 10.20 |
| 12.89 | 12.68 |
| 14.83 | 12.29 |
| 12.23 | 11.95 |
| 11.56 | 9.61 |
| 12.21 | 11.53 |
| 12.48 | 11.92 |
| 13.03 | 10.95 |
| 15.67 | 12.10 |
| 11.96 | 11.70 |
| 12.51 | 14.13 |
| 13.85 | 14.58 |
| 13.57 | 15.01 |
| 14.06 | 8.28 |
| 11.91 | 12.23 |
| 14.79 | 14.25 |
| 13.59 | 11.44 |
| 12.13 | 9.57 |
| 14.37 | 13.61 |
| 12.91 | 9.77 |
In: Statistics and Probability
You have been appointed as the new general manager of a named hotel. The hotel is not performing as expected and is not meeting its target. Your first assignment is to resolve this problem. Describe in details how you would go about addressing this problem. Hint: Describe the data collection approaches you would use (Observation, interviews, surveys, historical research (past 5 years), etc.) and why you chose this specific form of data collection etc.
In: Statistics and Probability
A hotel manager is looking to enhance the initial impression that hotel guests have when they check in. Believed to contribute to initial impressions is the time it takes to deliver a guest’s luggage to his or her room after check-in. A random sample of 20 deliveries on a particular day were selected from Wing A of the hotel, and a random sample of 20 deliveries were selected in Wing B (i.e., the Excel tab LUGGAGE). (a) Identify which type of test is most appropriate for you to use, justify your answer. (b) Determine whether or not the mean delivery time differs for the two wings of the hotel (use α = .05). (c) If faster luggage delivery time is positively related to guests’ initial impression, which wing(s) should receive the highest impression ratings?
| Wing A | Wing B |
| 10.70 | 7.20 |
| 9.89 | 9.68 |
| 11.83 | 9.29 |
| 9.23 | 8.95 |
| 8.56 | 6.61 |
| 9.21 | 8.53 |
| 9.48 | 8.92 |
| 10.03 | 7.95 |
| 12.67 | 9.10 |
| 8.96 | 8.70 |
| 9.51 | 11.13 |
| 10.85 | 11.58 |
| 10.57 | 12.01 |
| 11.06 | 5.28 |
| 8.91 | 9.23 |
| 11.79 | 11.25 |
| 10.59 | 8.44 |
| 9.13 | 6.57 |
| 11.37 | 10.61 |
| 9.91 | 6.77 |
In: Statistics and Probability