What processes would be involved in the initial set-up of the new hotel?

What are similarities. and differences. between running a club versus running a hotel?

October 1993 Marriott Corporation announced
plans to divide its operations into two separate
businesses (spin off of hotel mgt’ business)

– Marriott International: manage Marriott’s hotel chain and receive most of the revenue

– Host Marriott: own all the company’s real estate and be responsible for servicing essentially all of the old company’s $3 billion of debt

What will happen to Marriott’s stock price and
bond price after this announcement?

You are considering a hotel purchase. The current purchase price is $ 3,000,000. The bank is willing to finance 70% of the purchase price for 20 years in quarterly installments at 8% per annum mortgage nominal rate. What is the balloon payment you will have to pay, if you want to resell the hotel after 10 years? Consider a fully amortizing fixed rate mortgage.

a)      $ 0

b)      $ 1,445,395

c)       $ 1,669,270

d)      $ 1,981,333

At year-end (December 31), Chan Company estimates its bad debts as 0.40% of its annual credit sales of $879,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $440 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written off. Prepare the journal entries for these transactions.

Question 37

1. A monopolist maximizes profits by

   	a.	producing an output level where marginal revenue equals marginal cost.
   	b.	charging a price equal to marginal revenue and marginal cost.
   	c.	charging a price where marginal cost equals average total cost.
   	d.	Both a and b are correct.

Question 38

1. A monopoly is an inefficient way to produce a product because

   	a.	it faces a downward-sloping demand curve.
   	b.	it can earn both short-run and long-run profits.
   	c.	the cost to the monopolist of producing one more unit exceeds the value of that unit to potential buyers.
   	d.	it produces a smaller level of output than would be produced in a competitive market.

Question 39

1. A movie theater can increase its profits through price discrimination by charging a higher price to adults and a lower price to children if it

   	a.	can prevent children from buying the lower-priced tickets and selling them to adults.
   	b.	has some degree of monopoly pricing power.
   	c.	can easily distinguish between the two groups of customers.
   	d.	All of the above are correct.

/*explain */ Select *

From Student join enrollment on student.ID = enrollment.Student_ID

            join section on section.ID = enrollment.section_ID

            join department on major = department.name

            join faculty on faculty.id = section.faculty_ID

            join address on address.id = student.address_ID

            join Course on section.course_Number = course.course_number and section.dept_id = course.dept_ID

Where

--we want to make sure we have name information for students if we want to reach out to them

Student.Name_Last Not Like ('')

-- the theater department has asked to be out of this study

and Student.Major <> 'Theater'

--no students who have failed as we're looking for passing grades

and Grade > '1.33'

--we want to make sure we only have instructors, and the theater department is not part of this study

and Faculty.job in

            (Select job

            From Faculty

            Where Job not in ('Administrative','General Services','Human Resources')

            and Dept <> 'THT')

and Section_ID >=1

--summer courses don't always reflect accurately given their tight schedule and rapid fire delivery of materials

and Semester <> 'Summer'

--we don't want bias of an adivosr giving better grades

and Student.Advisor_ID <> Section.Faculty_ID

-- we don't want bias if a student is possibly a faculty members child

and Student.Address_ID <> Faculty.Address_ID

Order by Student.Name_Last, Grade desc, Faculty.Name_Last, Major

1. Based on the output from the explain command, determine the steps you would take (building indexes on certain columns, modifying the query, both, etc.) to get the same output, but improve overall performance.
2. Execute three steps that you think would make for improvement in the performance of this query. Report their run time in the table below.

Evaluate the impact of the steps you took, what their potential benefits and setbacks may be, and what you would advise as the next steps to improve the performance of this query.

Required information

[The following information applies to the questions displayed below.]

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:

2. Prepare a single journal entry to record all the incurred costs assuming they are paid in cash on January 1, 2017.