Questions
If you found an emaciated house cat in a park and decided to provide nutritional rehabilitation,...

If you found an emaciated house cat in a park and decided to provide nutritional rehabilitation, what are 4 important principles that you would consider in deciding your course of action (list and explain)?

In: Nursing

People arrive to a hotel at a rate of 20 on average with each half hour....

People arrive to a hotel at a rate of 20 on average with each half hour. Make a probability distribution in excel for an interval of 30 minute duration. What’s the probability that no more then 14 customers will arrive?

In: Statistics and Probability

Please answer each question in 350-500 words. Discuss how you and your work place(Delta hotel by...

Please answer each question in 350-500 words.

Discuss how you and your work place(Delta hotel by Marriott) could create a better team-orientated work environment.

In: Operations Management

The Cody Hotel, a proposed 50-room hotel (rooms-only lodging facility), planned to build in mid-Michigan. The...

  1. The Cody Hotel, a proposed 50-room hotel (rooms-only lodging facility), planned to build in mid-Michigan. The owner is concerned about the average daily room rate (ADR), construction costs, borrowing costs, and their impact on profits. He provides you with the following information:

Determine the required ADR to achieve the owner's goal of earning an ROI of 15%. (20 points)

Investment $800,000
Debt $1,500,000
ROI 20%
Interest rate 8%
Income tax rate 20%
Property taxes $100,000
Fire insurances $30,000
Depreciation $200,000
Undistributed operating expenses (fixed) $200,000
Undistributed operating expenses (Variable) 5% of total room revenue
Management fee 5% of total room revenue
Rooms department expenses (fixed) $20,000
Rooms department expenses (Variable) 15% of total room revenue
Expected paid occupancy 80%

In: Accounting

Simulation Case Study: Phoenix Boutique Hotel Group Phoenix Boutique Hotel Group (PBHG) was founded in 2007...

Simulation Case Study:
Phoenix Boutique Hotel Group

Phoenix Boutique Hotel Group (PBHG) was founded in 2007 by Bree Bristowe. Having worked for several luxury resorts, Bristowe decided to pursue her dream of owning and operating a boutique hotel. Her hotel, which she called PHX, was located in an area that included several high-end resorts and business hotels. PHX filled a niche market for “modern travelers looking for excellent service and contemporary design without the frills.” Since opening PHX, Bristowe has invested, purchased, or renovated three other small hotels in the Phoenix metropolitan area: Canyon Inn PHX, PHX B&B, and The PHX Bungalows.

One of the customer service enhancements Bristowe has implemented is a centralized, toll-free reservation system. Although many customers book specific hotels online, the phone reservation system enables PBHG to find the best reservation match at all properties. It has been an excellent option for those customers who have preferences regarding the type of room, amenity options, and the best price across the four hotel locations.

Currently, three agents are on staff for the 6 a.m. to 2 p.m. call shift. The time between calls during this shift is represented in Table 1. The time to process reservation requests during this shift is in Table 2.

Table 1: Incoming Call Distribution

Time Between Calls (Minutes)

Probability

1

0.13

2

0.23

3

0.27

4

0.19

5

0.15

6

0.09

Table 2: Service Time Distribution

Time to Process Customer Inquiries (Minutes)

Probability

1

0.19

2

0.17

3

0.16

4

0.15

5

0.11

6

0.08

7

0.03

Bristowe wants to ensure customers are not on hold for longer than 2 minutes. She is debating hiring additional staff for this shift based on the available data. Additionally, Bristowe and PBHG will soon be featured in a national travel magazine with a circulation of over a million subscriptions. Bristowe is worried that the current operators may not be able to handle the increase in reservations. The projected increase for call distribution is represented in Table 3.

Table 3: Incoming Call Distribution

Time Between Calls (Minutes)

Probability

1

0.26

2

0.27

3

0.24

4

0.14

5

0.11

6

0.06

Bristowe has asked for your advice in evaluating the current phone reservation system. Create a simulation model to investigate her concerns. Make recommendations about the reservation agents.

Arrival Interval Distribution

Random Number Lower Limit

Range Upper Limit

Arrival Gap Minute

Probability

0.13

0

10

1

0.23

11

31

2

0.27

32

53

3

0.19

54

73

4

0.15

74

89

5

0.09

90

99

6

Service Time Distribution

Random Number Lower Limit

Range Upper Limit

Service Time (minutes)

Probability

0.19

0

19

1

0.17

20

38

2

0.16

39

56

3

0.15

57

73

4

0.11

74

86

5

0.08

87

96

6

0.03

97

99

7

Customer Number

Random Number

Arrival Gap

Random Number

Service Time

Arrive Time

Service Start

Service End

Time in System

Time on Hold

Time Server Idle

Percent Utilization

Summary for This Trial Run Average:

maximums

1

1

19

2

49

13

3

96

28

4

60

78

5

19

61

6

9

55

7

83

60

8

94

25

9

28

15

10

48

47

11

7

84

12

76

52

13

39

74

14

2

7

15

73

8

In: Statistics and Probability

Suppose we all agree that the emission of carbon into the atmosphere is a policy problem...

Suppose we all agree that the emission of carbon into the atmosphere is a policy problem
.Further, assume we know that the private marginal cost of a ton of Co2 is $17
while the true social marginal cost of a ton of carbon is $32. Clearly layout a policy of
carbon taxes that would result in the socially optimal level of carbon emissions.
Demonstrate your argument graphically and carefully explain. Evaluate the relative costs
and benefits of carbon taxes relative to emission targets/restrictions. How would your
analysis change if you believed innovation in carbon saving technologies was going to
improve in the near future?

In: Economics

In January 2017, Mitzu Co. pays $2,600,000 for a tract of land with two buildings on it. It plans to demolish

Question: In January 2017, Mitzu Co. pays $2,600,000 for a tract of land with two buildings on it. It plans to demolish

Building 1 and building a new store in its place. Building 2 will be a company office; it is appraised at

$644,000, with a useful life of 20 years and a $60,000 salvage value. A lighted parking lot near Building

1 has improvements (Land Improvements 1) valued at $420,000 that are expected to last another 12 years

with no salvage value. Without the buildings and improvements, the tract of land is valued at $1,736,000.

The company also incurs the following additional costs:

Cost to demolish Building 1 $ 328,400

Cost of additional land grading 175,400

Cost to construct new building (Building 3), having a useful life

of 25 years and a $392,000 salvage value. 2,202,000

Cost of new land improvements (Land Improvements 2) near Building 2

having a 20-year useful life and no salvage value of 164,000

 

Required

1. Prepare a table with the following column headings: Land, Building 2, Building 3, Land Improvements

1, and Land Improvements 2. Allocate the costs incurred by Mitzu to the appropriate columns and

total each column (round percentages to the nearest 1%).

2. Prepare a single journal entry to record all the incurred costs assuming they are paid in cash on

January 1, 2017.

3. Using the straight-line method, prepare the December 31 adjusting entries to record depreciation for

the 12 months of 2017 when these assets were in use.

 

In: Accounting

In January 2017, Mitzu Co. pays $2,700,000 for a tract of land with two buildings on...

In January 2017, Mitzu Co. pays $2,700,000 for a tract of land with two buildings on it. It plans to demolish Building 1 and build a new store in its place. Building 2 will be a company office; it is appraised at $854,000, with a useful life of 20 years and a $90,000 salvage value. A lighted parking lot near Building 1 has improvements (Land Improvements 1) valued at $427,000 that are expected to last another 14 years with no salvage value. Without the buildings and improvements, the tract of land is valued at $1,769,000. The company also incurs the following additional costs:

Cost to demolish Building 1 $ 345,400
Cost of additional land grading 187,400
Cost to construct new building (Building 3), having a useful life of 25 years and a $398,000 salvage value 2,202,000
Cost of new land improvements (Land Improvements 2) near Building 2 having a 20-year useful life and no salvage value 178,000

3. Using the straight-line method, prepare the December 31 adjusting entries to record depreciation for the 12 months of 2017 when these assets were in use.

  • Record the year-end adjusting entry for the depreciation expense of Building 2.

  • 2

    Record the year-end adjusting entry for the depreciation expense of Building 3.

  • 3

    Record the year-end adjusting entry for the depreciation expense of Land Improvements 1.

  • 4

    Record the year-end adjusting entry for the depreciation expense of Land Improvements 2.

In: Accounting

Question 1. Company Z had the following transactions in its first year of operations: (1) On...

Question 1.

Company Z had the following transactions in its first year of operations:

(1) On January 15, purchased 5,000 units of inventory for $20 each

(2) On March 1, purchased 10,000 units of inventory for $22 each

(3) On March 30, sold 7,000 units of inventory for $48 each

(4) On June 20, purchased 9,000 units of inventory for $25 each

(5) On August 10, sold 12,000 units of inventory for $50 each

(6) On September 3, sold 1,000 units of inventory $49 each

Company Z records transactions using a perpetual system. Calculate the cost of goods sold and ending inventory using (1) average cost, (2) FIFO, and (3) LIFO.

Company Z asks you to advise them on which inventory method to use. What method would you choose if the company wants to take out a loan from a bank in the near future that requires the company to meet a large threshold for its current assets’ value? What method would you choose if the company has a near-term investment opportunity that requires more cash on hand? Explain your answers.

In: Accounting

The Del Castillo Company (DCC) has decided to acquire a computer for one of its hotel....

The Del Castillo Company (DCC) has decided to acquire a computer for one of its hotel.
The computer can be leased on a 5-year contract for $10,000 per year. Payments would
be made at the beginning of each year. Alternatively, DCC could purchase the computer for
$30,000 by financing the enitre cost of the computer with a loan to be amortized over a
4-year period. The annual interest rate would be 12% and payments would be due at the
end of each year. Maintenance costs estimated at $2,000 annually would be paid by the
lessor under the lease alternative. The computer is expected to have a market value of
$5,000 at the end of its useful life. Any gain on the sale will be taxed at DCC's tax rate

of 30%. Assume the computer, if purchased, would be depreciated using the double decling balance method. Assume DCC's cost of capital is 14%.

REQUIRED
1. Determine the present value of the cost of leasing.
2. Determine the present value of the cost of owning
3. Which do you recommend and why?

In: Finance