On May 1, City of Cerone approved $10000000 issue of 6% general obligation bonds maturing at 20yrs. Proceeds will be used to finance construction of a new civic center. Total cost estimated at $15000000, the remaining $5000000 are financed by state grant which was awarded. How do you write the journal entries for the below transactions for a capital fund project?

1. July 1 the general fund loaned $500000 to the civic center construction fund for engineering and other expenses

2. Preliminary planning cost $320000 were paid to Eminem Co. There had been no encombrance for this cost.

3. Dec. 1 the bonds were sold at 101, the premium was transfered to the debt service fund

4. March 15 a contract for $12000000 was entered into with Candu Construction Co. for major part of project.

5. Orders were placed for materials estimated at $55000.

6. April 1 a partial payment of $2500000 was received from the state.

7. The ordered materials were received at cost of $51000 and were paid.

8. June 15 a progress billing of $2000000 was received from Candu for work done. The city will withhold 6% billing until the project is complete.

9. The general fund was repaid $500000 previously loaned.

1. Suppose individuals A and B have the same money income and tastes and face the same set of prices of all goods except access to a free National Park. (They will be 2 points on the same demand curve; find the equation to the line and the X and Y intercepts.) Individual A lives farther away than individual B and has higher travel costs. Their annual use is summarized as:

How much consumer surplus does each individual receive per year from the park usage? What are the total social benefits (as measured by the sum of the consumer surplus measures) from the park?

2. A worker, who is typical in all respects, works for a wage of $50,000 per year in a perfectly safe occupation. Another typical worker does a job requiring exactly the same skills as the first worker, but in a risky occupation with a known death probability of 1 in 10,000 per year, and receives a wage of $60,000 per year. What value of a human life for workers with these characteristics should a cost-benefit analyst use?  

3. Manufacturers in an urban environment are currently producing 25,000 widgets per year. Their gross revenue is $300 per widget with variable costs of $125 per widget. Air quality in the city has fallen to a level of 20 points measured on a 0-100 scale. Three proposals could improve the air quality. Option I involves annual direct costs of $100,000 which raises the air quality index to 32; option 2 costs $130,000 per year and raises the index to 42; option 3 costs $150,000 per year and raises the index to 50. Also producers are required to reduce their widget output by: 5% under option 1, 10% under option 2, and 15% under option 3.

a. Which option has the lowest total opportunity cost?

b. Which option has the lowest cost per unit of air quality improvement?

c. Why might neither of these be the most efficient?

Questions

• What company and industry have you selected, and what are some of the risks that the company and industry are facing in the current economic and political environment? You need to research risks from current financial publications (e.g., Bloomberg, The Financial Times, The Economist). Note: For this assignment, a current publication is no older than four years. Quote your source.
• Has the company addressed these risks? If yes, how? If not, what should they have done?
• Is another competitor on the market facing the same risks, and how did they address them? Briefly summarize.

Answers

The company I have decided to focus on is Marriott. Marriott was founded in 1927 in the United States. Marriott has hotels in over 87 countries and has 19 brand names. Recently, there had been a merge between Marriott and another major hotel brand, Starwood Hotels. Starwood was officially taken over by Marriott in 2018, to create the largest hotel company in the world (Whitmore, 2018). Whitmore also mentions the merger will create the largest loyalty program as well.  

            The political risks Marriott faces are international terrorism. With hotels continuously growing and building in other parts of the world, there is always the fear of terrorist attacks happening. Jan Freitag (2017) explains that in an area where a terrorist attack has happened, there is no normal curve of demand since they all behave differently. She says that when hotels rely more on leisure travelers, then the hotel is affected more in the short term. Hotels are continuing to grow and expand into different countries of the world and most of them are thriving. Hotels, including Marriott, need to make sure their staff is trained in what they need to do in order to protect themselves and their guests at all times. Marriott has taken into consideration the risks of international terrorism and has trained their staff on the importance of protecting their guests and the procedures that need to be taken.

            The economic risks Marriott is facing are taxation changes. When a guest books at a hotel, that hotel charges taxes per night you stay there. The taxes differ on each state. The room rate is the price in which is taxed with state and local tax fees. The Department of Taxation and Finance (2012) explains that “Hotel operators must collect sales tax on the room rate or rental charge for hotel occupancy.” Hotels must charge these taxes to their guests for their hotel occupancy. On top of taxes, some “touristy” places may charge an additional fee such as a “resort fee.” Marriott has addressed these risks as they charge their guests the taxes per night as well as a resort fee when staying in a touristy area.

            Any company in the hotel industry has to address these risks. These risks are not just a Marriott companies problem, they are a hospitality industries risk as a whole. The Hilton, Hampton Inn and other hotel brands have these risks and have taken the same measurements the Marriott Corporation has in order to make sure their company succeeds.

For chegg: Please note I have answered the questions above already. What I am asking of you is to provide a analytical feedback. No plagiarism. In your response to the above post, please provide feedback, including different examples related to the risks and their impacts on the specific industry or company. Comment on the similarities and differences in your responses.

Explain the construction of the long-run average cost curve. What do you mean by Economies
and diseconomies? What are the reasons of economies and diseconomies. 500 words answer

On February 1, 2010, Marcos Contractors agreed to construct a building at a contract price of $3,000,000. Marcos estimated total construction costs would be $2,000,000 and the project would be finished in 2012. Information relating to the costs and billings for this contract is as follows:

? 2010?? 2011?? 2012?

Total costs incurred to date?$ 750,000?$1,320,000?$2,300,000

Estimated costs to complete?1,250,000? 880,000?-0-

Customer billings to date?1,100,000? 2,000,000?3,000,000

Collections to date?1,000,000? 1,750,000?2,950,000

Instructions

1. Fill in the correct amounts on the following schedule. For percentage-of-completion and for completed-contract accounting, show the gross profit that should be recorded for 2010, 2011, and 2012.

2. Prepare all entries for 2010, 2011, and 2012 for Marco.

3. Prepare Statement of Financial Position ends of 2010, 2012 and 2011(if any) under Percentage of-completion-method, completed-contract method.

Indiana Co. began a construction project in 2021 with a contract price of $161 million to be received when the project is completed in 2023. During 2021, Indiana incurred $37 million of costs and estimates an additional $81 million of costs to complete the project. Indiana recognizes revenue over time and for this project recognizes revenue over time according to the percentage of the project that has been completed.

In 2022, Indiana incurred additional costs of $57 million and estimated an additional $40 million in costs to complete the project. Indiana (Do not round your percentage calculated):

A. Recognized $25.50 million gross profit on the project in 2022.

B. Recognized $6.00 million gross profit on the project in 2022.

C. Recognized $27.00 million gross profit on the project in 2022.

D. Recognized $5.46 million gross profit on the project in 2022.

Please assist if familiar with the given scenario, thanks!

Famous artists Georgia O'Keefe and Alfred Stieglitz donated 101 artworks to Fisk University in the 1940s. But the gift had two conditions: The pieces could not be sold and they had to be displayed as one collection. Over 50 years later, Fisk could not pay to maintain the collection and decided to sell two of the pieces. Proceeds of the sale would go to restore its endowment and build a new science building. The Georgia O'Keefe Foundation sued to stop the sale, arguing that the artists would have opposed it.

Should the law permit this sale?

Do you agree with Fisk's actions?

What duties do gift recipients have to donors?

What would Kant and Mill say?

Hotel California is a small modern-style hotel located not too far from the Central Bangkok District. Your job is to write a simple piece of software to manage the room occupancy. The hotel has two buildings; each building has four floors; and each floor has a different number of rooms. Building A has five rooms on each floor. Building B has four rooms on each floor. Each room is graded with Standard, Deluxe, and Suite, and the rates per night are $100, $250, and $600 respectively. In both buildings, the rooms on the first and the second floors are Standard; the rooms on the third floor are Deluxe; and the rooms on the fourth floor are Suite.

Write a program that allows the hotel front desk to reserve a room for its customers. When a customer reserves a room, he needs to provide his name (first name and last name), his phone number and the room grade. The system must check for the availability of that room grade. If the preferred room grade is available, the reservation number will be generated and the room number will be assigned to that reservation. If there are no rooms of that grade available, a proper message must be shown.

Note that the hotel policy allows only 1 room with 1-night stay per booking. If the customer wants to book more than one rooms, he needs to make more reservations. The hotel allows the room to be booked only one day in advance. Hence, the system will only have the booking for tomorrow's check-in.

The front desk should also be able to record the payment for a reservation during the customer's check-out process (given a reservation number, the customer's name or the customer's phone number). If the customer has more than one reservations made on that day, the list of reservations must be shown so the front desk can apply the payment to such a reservation. In order to keep track of the hotel's income, the staff should be able to print the sales reports for each building (grouped by the room grades).

Use java to Design and implement the system for Hotel California. Comment on methods and functions to explain the logic of your code