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| 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
The following information was taken from the accounting records of Dunbar Mifflin Company in 2018.
Beginning of 2018Ending of 2018
Direct materials inventory135,00083,000
Work-in-process inventory185,000154,000
Finished-goods inventory255,000216,000
Purchases of direct materials270,000
Direct manufacturing labor225,000
Indirect manufacturing labor103,000
Plant insurance11,000
Depreciation-plant, building, and equipment48,000
Plant utilities29,500
Repairs and maintenance-plant13,500
Equipment leasing costs66,800
Marketing, distribution, and customer-service costs129,500
General and administrative costs72,500
Required:
Question 2(Total: 38 marks)
Following are the account balances for the DC Company in 2018:
Beginning of 2018Ending of 2018
Direct materials inventory26,50027,000
Work-in-process inventory30,50028,400
Finished-goods inventory16,50022,100
Purchases of direct materials79,000
Direct manufacturing labor24,500
Indirect manufacturing labor18,600
Plant insurance7,900
Depreciation-plant, building, and equipment11,800
Repairs and maintenance-plant3,500
Marketing, distribution, and customer-service costs87,900
General and administrative costs26,500
Required:
Question 3(Total: 30 marks)
Identify if the following costs are “product” or “period” costs:
|
COST |
Period Cost or Product Cost? |
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1. Television advertisements for Bailey’s products |
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2. Lubricants used in running bottling machines |
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3. Research and Development related to elimination of antibiotic residues in milk |
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4. Gasoline used to operate refrigerated trucks delivering finished dairy products to grocery stores |
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5. Company president’s annual bonus |
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6. Depreciation on refrigerated trucks used to collect raw milk |
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7. Plastic gallon containers in which milk is packaged |
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8. Property insurance on dairy processing plant |
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9. Cost of milk purchased from local dairy farmers |
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10. Depreciation on tablets used by sales staff |
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11. Depreciation on chairs and tables in the factory lunchroom. |
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12. The cost of packaging the company’s product. |
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13. The wages of the receptionist in the administrative offices. |
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14. Cost of leasing the corporate jet used by the company’s executives. |
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15. The cost of renting rooms at a BC resort for the annual conference. |
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Question 4(Total: 14 marks)
The Trump International Hotel & Tower is a five-star hotel located in downtown Toronto. The hotel’s operations vice president would like to replace the hotel’s legacy computer terminals at the registration desk with attractive state-of-the-art flat-panel displays. The new displays would take less space, consume less power than the old computer terminals, and provide additional security, since they can be viewed only from a restrictive angle. The new computer displays would not require any new wiring. However, the hotel’s chef believes the funds would be better spent on a new bulk freezer for the kitchen.
Required:
|
Item |
Differential Cost |
Opportunity Cost |
Sunk Cost |
None |
|
Cost of the old computer terminals |
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Rent on the space occupied by the registration desk |
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Benefits from a new freezer |
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Cost of removing the old computer terminals |
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Cost of the new flat-panel displays |
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Wages of registration desk personnel |
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Cost of existing registration desk wiring |
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In: Accounting