In: Operations Management
Glitz hotel is going to make a $2,000,000 investment by completing renovating a floor of the hotel. The floorplan will be entirely redone, and they can have a mix of three types of rooms: Luxury Suites, Large rooms, or Regular rooms. Due the size of the floor, they can build a maximum of 20 luxury suites or a maximum of 40 large rooms or a maximum of 60 regular rooms or a mix of all three.
Luxury suites will rent for $400 per night.
Lrrge rooms will rent for $200 per night.
Regular rooms will rent for $135 per night.
The cost to maintain each room, excluding depreciation, is $30/night ($25 in variable maintenance and $5 in fixed booking costs).
The food and beverage manager noted that since the suites are often used for conventions as private hospitality suites, they purchase an average of $200 per night in room service. Large rooms purchase an average of $40 and Regular $10 per night for room service. Room service generates a 70% gross profit. The cleaning manager noted that the suites generally require an extra $10/night in cleaning costs due to these conventions.
Estimated maximum demand per night is as follows:
Suites:10 rooms
Large: 25 rooms
Regular: no maximum demand
How many of each room should they build as part of the renovation?
In: Accounting
Posa Hotels, Inc., has a sixth night free policy. Every sixth night a guest stays at the hotel is free. Because not all guests stay enough nights to earn a free stay, on average the number of free nights redeemed is 70% of the maximum possible number of free nights available one obtains by dividing the total number of paid nights the hotel has had by 5. Rooms at Posa Hotels cost $300 per night. In 2019, Posa had a total of 100,000 paid room-nights and collected a total of $30 million from customers. Also in 2019, customers redeemed a total of 10,000 free room-nights. Some of the room-nights awarded were based on customers paid nights from previous years and some were based on paid nights from the current year. Required: Prepare journal entries to record revenue for 2019 for Posa. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) 1)Prepare the entry to record the revenue recognized for the nights paid by customers. 2)Prepare the entry to record the revenue recognized for the free nights redeemed by customers.
In: Accounting
Marilyn Helm Retailers is attempting to decide on a location for a new retail outlet. At the moment, the firm has three alternatives: stay where it is but enlarge the facility; locate along the main street in nearby Newbury; or locate in a new shopping mall in Hyde Park.
The company has selected the four factors listed in the following table as the basis for evaluation and has assigned weights as shown:
|
Factor |
Factor Description |
Weight |
Present LocationPresent Location |
NewburyNewbury |
Hyde ParkHyde Park |
|
1 |
Average community income |
0.400.40 |
3535 |
5555 |
5050 |
|
2 |
Community growth potential |
0.150.15 |
1515 |
2525 |
8080 |
|
3 |
Availability of public transportation |
0.200.20 |
2525 |
5555 |
5555 |
|
4 |
Labor availability, attitude, and cost |
0.250.25 |
8585 |
5555 |
4545 |
a) Based on the given information, the best location for Marilyn Helm Retailers is to open the new retail outlet in _____, with a total weighted score of_____(Enter your response rounded to two decimal places.)
b) A new subway station is scheduled to open across the street from the present location in about a month, so its third factor score should be raised to 75. Then, the best location for Marilyn Helm Retailers is to open the new retail outlet in ______, with a total weighted score of ____.(Enter your response rounded to two decimalplaces.)
In: Accounting
By considering the genotypes in a single generation (NOT changes in frequencies over time or changes from one generation to the next), how would you show that natural selection is occurring in the Near-Lethal Homozygote (near-lethal recessive) simulation (Hint: think about Hardy-Weinberg Equilibrium).
In: Biology
In: Computer Science
According to Schaller, Park, & Mueller (2003) Past research has indicated that men report higher levels of racism and ethnocentrism than women. What would be another perspective to this finding?
In: Psychology
You are working in an area that has been contaminated by heavy metals, what plant-based strategy will you try to remediate the soil so that you can later create a park?
In: Biology
The Dow Jones Travel Index reported what business travelers pay for hotel rooms per night in major U.S. cities. The average hotel room rates for 20 cities are recorded.
|
163 |
177 |
166 |
126 |
123 |
120 |
144 |
173 |
160 |
192 |
|
125 |
167 |
245 |
146 |
139 |
134 |
167 |
162 |
145 |
207 |
(e) Which measure of the spread (interquartile range & standard deviation) is better to use here? Briefly justify your answer with a graph generated with StatGraphics. [3]
(f) Determine if there is/are any outlier(s) in the data using the IQR approach. Make sure show all your work. [3]
In: Statistics and Probability
Analyse the relationship between bond prices and interest rates during recession. (4m) (250 words)
An investor estimates that next year’s net income for Hilary Pullman Hotel would be RM 8 million. The company has 0.5 million shares outstanding and decided to pay RM 0.5 million to the preferred stockholders from its net income. Listed companies similar to Hilary Pullman Hotel have been recently reported to have an average price/earnings ratio of 4 times. Given the information, calculate the expected price of the stock and evaluate the problems in using Price/earnings ratio method of valuing the shares of a company. (6m)
In: Finance