Questions
A traveler wanted to know if the prices of hotels are different in the ten cities...

A traveler wanted to know if the prices of hotels are different in the ten cities that he visits the most often. The list of the cities with the corresponding hotel prices for his two favorite hotel chains is in the table below. Test at the 1% level of significance.

Cities

Hyatt Regency prices in dollars

Hilton prices in dollars

Atlanta

107

169

Boston

358

289

Chicago

209

299

Dallas

209

198

Denver

167

169

Indianapolis

179

214

Los Angeles

179

169

New York City

625

459

Philadelphia

179

159

Washington, DC

245

239

What is the p-value? Round answer to four decimal places (i.e. 0.1234)? Answer

What is your decision? Answerreject the null hypothesisaccept the null hypothesisfail to reject the null hypothesis

In: Statistics and Probability

1. Hotel has submitted an income statement for the end of the month that shows a...

1. Hotel has submitted an income statement for the end of the month that shows a net profit of $10,000. You will need to show that income statement based on the following given information. Food revenue and room’s revenue are the only two forms of revenue and food revenue is exactly the same as room revenue. Direct operating expenses for food is 50% of food revenue and direct operating expenses for rooms is 35% of room’s revenue. Marketing expenses are 20% of Total revenue, rent is 7%, A&G is 6%, Utilities are 8% Depreciation is 5%, Interest is 5% and Net Profit is 5%. Please put together a common-size income Statement using the correct format for the Hotel and make sure that you calculate the correct taxes (the only other additional expenses on the income statement) .

In: Accounting

A food services manager for a baseball park wants to know if there is a relationship...

A food services manager for a baseball park wants to know if there is a relationship between gender (male or female) and the preferred condiment on a hot dog. The following table summarizes the results. Test the hypothesis with a significance level of 10%.

Condiment
Gender Ketchup Mustard Relish Total
Male 15 23 10 48
Female 25 19 8 52
Total 40 42 18 100

A food services manager for a baseball park wants to know if there is a relationship between gender (male or female) and the preferred condiment on a hot dog. The following table summarizes the results. Test the hypothesis with a significance level of 10%.

Condiment
Gender Ketchup Mustard Relish Total
Male 15 23 10 48
Female 25 19 8 52
Total 40 42 18 100

In: Statistics and Probability

Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility...

Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into a city in the Northeast. She incurs $56,500 of expenses associated with this investigation. Based on the regulatory environment for hotels in the city, she decides not to expand. During the year, she also investigates opening a restaurant that will be part of a national restaurant chain. Her expenses for this are $54,800. She proceeds with opening the restaurant, and it begins operations on May 1.

Determine the amount that Henrietta can deduct in the current year for investigating these two businesses.

In your computations, round the per-month amount to the nearest dollar and use rounded amount in subsequent computations.

a. The deductible amount of investigation expenses related to expansion of her hotel chain into another city:

b. The deductible amount of investigation expenses related to opening a restaurant:

In: Accounting

A survey found that​ women's heights are normally distributed with mean 62.2 in. and standard deviation...

A survey found that​ women's heights are normally distributed with mean 62.2 in. and standard deviation 2.2 in. The survey also found that​ men's heights are normally distributed with mean 67.3 in. and standard deviation 3.3 in. Most of the live characters employed at an amusement park have height requirements of a minimum of 57 in. and a maximum of 63 in. Complete parts​ (a) and​ (b) below.

a. Find the percentage of men meeting the height requirement. What does the result suggest about the genders of the people who are employed as characters at the amusement​park?

The percentage of men who meet the height requirement is ___

(Round to two decimal places if needed)

b. If the height requirement are changed to exclude only the tallest 50% of men and the shortest 5% of men, what are the new height requirements?

The new height requirements are a minimum of ___ in. and a maximum of ___ in.

(Round to two decimal places if needed)

In: Statistics and Probability

17. Which of the following would appear on the statement of financial position as a current...

17. Which of the following would appear on the statement of financial position as a current liability?

18. Chastain Park Entertainment paid salaries expense of $350,000 during Year 1. However, additional salaries of $20,000 had been earned by employees, but not paid or recorded at December 31, Year 1.

Refer to Chastain Park Entertainment. Under the accrual basis of accounting, what is the total amount of salaries payable to be reported at December 31, Year 1?

In: Accounting

Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility...

Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into a city in the Northeast. She incurs $35,500 of expenses associated with this investigation. Based on the regulatory environment for hotels in the city, she decides not to expand. During the year, she also investigates opening a restaurant that will be part of a national restaurant chain. Her expenses for this are $53,800. She proceeds with opening the restaurant, and it begins operations on May 1.

Determine the amount that Henrietta can deduct in the current year for investigating these two businesses.

In your computations, round the per-month amount to the nearest dollar and use rounded amount in subsequent computations.

a. The deductible amount of investigation expenses related to expansion of her hotel chain into another city: $?

b. The deductible amount of investigation expenses related to opening a restaurant: $?

In: Accounting

Without trying to decide who will win if Veronica sues Fun Products, Inc. and the Milton...

Without trying to decide who will win if Veronica sues Fun Products, Inc. and the Milton Hotel chain, analyze the following. Who are the parties to this lawsuit, and what are they called (trial level and appeal level)? What types of law will Veronica's lawsuit involve? What type of remedies is she seeking, and are these remedies (or some of them) appropriate to this type of case? What legal sources will the court consider in deciding if Fun Products, Inc. and the Milton Hotel chain (or either of them) are liable for Veronica's injuries? What types of liability does Larry face as a result of this scenario? What burden of proof will apply? What issues in this dispute would a jury decide (if the case went to trial), and what issues would a judge decide? What if the person(s) with liability here doesn't have the money to pay Veronica's damages?

In: Accounting

A survey found that women's heights are normally distributed with mean 63.8in. and standard deviation 3.5in....

A survey found that women's heights are normally distributed with mean 63.8in. and standard deviation 3.5in. The survey also found that men's heights are normally distributed with mean 67.5in. and standard deviation 3.5in. Most of the live characters employed at an amusement park have height requirements of a minimum of 56in. and a maximum of 64in. Complete parts (a) and (b) below.

a. Find the percentage of men meeting the height requirement. What does the result suggest about the genders of the people who are employed as characters at the amusement park?

The percentage of men who meet the height requirement is?  (Round to two decimal places as needed.)

b. If the height requirements are changed to exclude only the tallest 50% of men and the shortest 5% of men, what are the new height requirements?

The new height requirements are a minimum of _______ in. and a maximum of _________ in. (Round to one decimal place as needed.)

In: Statistics and Probability

1. Per GAAP, if we borrow some of the project’s costs in a specific loan and...

1. Per GAAP, if we borrow some of the project’s costs in a specific loan and get the rest from cash that we have from the other general borrowings we have made in the past, what interest rate or rates do we use?

2. Per GAAP, this project is unique. It is one project with two parts—a hotel and a small retail area with shops. The hotel is going to take three years to complete and the retail shops will only take one year to complete. We will be able to open the shops in one year and start earning rent from our tenants. So my question is: Do we just capitalize on interest on the whole project for the full three years since that is when the whole project is complete? Or do we split it into parts? What are the rules?

In: Accounting