Breakdown how Crave interactive can benfits hotel and boost guest experience.

List and describe 3 sources of equity capital in the hotel real estate market.

On January 1, 2018, the Blackstone Corporation purchased a tract of land (site number 11) with a building for $690,000. Additionally, Blackstone paid a real estate broker's commission of $45,000, legal fees of $5,500, and title insurance of $22,500. The closing statement indicated that the land value was $545,000 and the building value was $145,000. Shortly after acquisition, the building was razed at a cost of $84,000.

Blackstone entered into a $3,900,000 fixed-price contract with Barnett Builders, Inc., on March 1, 2018, for the construction of an office building on land site 11. The building was completed and occupied on September 30, 2019. Additional construction costs were incurred as follows:

To finance the construction cost, Blackstone borrowed $3,900,000 on March 1, 2018. The loan is payable in 10 annual installments of $390,000 plus interest at the rate of 12%. Blackstone's average amounts of accumulated building construction expenditures were as follows:

Required:
1. Prepare a schedule that discloses the individual costs making up the balance in the land account in respect of land site 11 as of September 30, 2019.
2. Prepare a schedule that discloses the individual costs that should be capitalized in the office building account as of September 30, 2019.

London Township began Year 1 with a balance of $10 million in its bridge repair fund, a capital projects fund. The fund balance is classified as restricted.

At the start of the year, the governing council appropriated $6 million for the repair of two bridges. Shortly thereafter, the town signed contracts with a construction company to perform the repairs at a cost of $3 million per bridge.

During the year, the town received and paid bills from the construction company as follows:

• $3.2 million for the repairs on Bridge 1. The company completed the repairs, but owing to design changes approved by the town, the cost was $0.2 million greater than anticipated. The town did not encumber the additional $0.2 million.
• $2.0 million for the repairs, which were not completed, on Bridge 2.

At the start of the following year, the governing council reappropriated the $1 million to complete the repairs on Bridge 2. During that year, the town received and paid bills totaling $0.7 million. The construction company completed the repairs, but the final cost was less than anticipated—a total of only $2.7 million.

1. Prepare journal entries to record the events and transactions over the two‐year period. Include entries to appropriate, reappropriate, encumber, and reencumber the required funds; to record the payment of the bills; and to close the accounts at the end of each year.
2. Determine the restricted fund balance at the end of the second year. Is it equal to the initial fund balance less the total cost of the repairs?

Question One.
The costs incurred by Noriega Company to acquire land and construct a building
were as follows:

Requirements:
a. Determine the cost of land
b. Determine the cost of the building ( 3 Marks)
c. Assuming the residue value of the building is K60,000,000 and that the
economic life is Ten years, compute Noriega LTD Company’s depreciation
expense for Year 1, Year 2, Year 3 under the following methods
i. Straight line Method
ii. Double Declining Method
iii. The Sum of Years Digit (SYD) Method ( 2 Marks)
d. At the beginning of Year 4, Noriega LTD Company incurred an additional
Cost of K10, 000,000 in order to add a new wing to the building; as a result
the salvage value of the building is increased by k5, 000,000 and also
increased the remaining life of the building by 2 years.

i. Re- Calculate the depreciation for the next two years using the straight
line method. ( 3 Marks)

At many amusement parks, customers who enter the park after 4 p.m. receive a steep discount on the price they pay. This is a type of price discrimination because the amusement park charges a lower price to

students who can’t visit until after 4 p.m. anyway.

people who have a more inelastic demand for amusement parks.

people who have a more elastic demand for amusement parks.

people with 9-to-5 jobs.

In a survey of 3929 ​travelers, 1431 said that location was very important for choosing a hotel and 1222 said that reputation was very important in choosing an airline. Complete parts ​(a) through​ (c) below.

a. Construct a 95% confidence interval estimate for the population proportion of travelers who said that location was very important for choosing a hotel.

b. Construct a 95​% confidence interval estimate for the population proportion of travelers who said that reputation was very important in choosing an airline.

In a survey of 3,654 ​travelers, 1,456 said that location was very important for choosing a hotel and1,210 said that reputation was very important in choosing an airline. Complete parts ​(a) and (b) below.

a. Construct a 90% confidence interval estimate for the population proportion of travelers who said that location was very important for choosing a hotel.

b. Construct a 90% confidence interval estimate for the population proportion of travelers who said that reputation was very important in choosing an airline.