Clarify the differences between the types of location sensors built-in to the mobile device. And how the Location information is accessed within an app?

The Upper Midwest of the United States has lagged behind the economic recovery enjoyed by much of the rest of the nation. With an economy built largely on the steel, lumber, agriculture, and manufacturing industries, local businesses were hit by the triple challenges of declining commodity prices, globalization, and automation. Countries such as China and Canada offer cheaper steel or lumber, crop prices have been falling, and many manufacturing jobs either were replaced by robots or moved to China, Southeast Asia, or Mexico. Finding thriving businesses in this region can be difficult, and one of the few standouts has been in the gaming industry.

A small group of Native American tribal leaders opened the Brown Bear casino about 30 years ago. The facility was built on tribal land. Initially started as a relatively small stand-alone casino, the complex has grown to include 2,000 slot machines, 25 blackjack tables, a bingo ball for 600 players, a convention center, a 400+ room hotel, three restaurants, and a golf course. Over the years it has become a destination location for those wanting to play golf, see shows, enjoy good meals, and gamble without having to travel all the way to Las Vegas to make it happen.

The Brown Bear casino complex is now a $50 million business headed up by a general manager, who in turn oversees 11 different department heads, such as the chief financial officer, head of security, director of gaming operations, and so on. These 11 leaders manage the 1,200 employees working at the casino, hotel, convention center, and golf course. Although the casino enjoyed strong growth during its first 20 years of existence, it has not recovered fully from the economic recession of 2007-2009. Many of the good-paying jobs in the area disappeared, and as a result the local population has become considerably smaller and older. Compounding this problem is the fact that the gaming industry is facing increasing competition for customers' entertainment dollars. The chief marketing officer has implemented a number of campaigns to bring more and younger customers into the casino and increase their average spend per visit, but so far these efforts have yielded negligible results.

Although the casino is the largest employer in the area, staffing and employee engagement have been chronic problems. Many long-term employees appear to be completely checked out at work, biding their time until retirement, and they go out of their way to disparage those who put in an honest day's work. Despite paying a competitive wage and the relative scarcity of good-paying jobs in the region, the casino averages 30 percent annual turnover, with some positions reporting turnover rates over 100 percent. Turnover is not only taking a toll on the employees who remain (as they often have to pick up the slack for those who leave), but it also has an impact on the casino s customer satisfaction and financial results. Newer and less experienced staff do not know how to handle more complex customer issues, and it costs the casino $1,000-$5,000 in recruiting fees for each new person hired. With 400 new staff being hired each year, these staffing fees are having a material impact on the company's bottom line.

The general manager has asked you to help reduce staff turnover, create a more engaged staff, in the hope that this will improve the casino's customer satisfaction ratings, and have a positive impact on revenues and profitability.

QUESTIONS

1. How could you use the following motivation approaches to reduce turnover and improve employee motivation? Be as detailed and specific as possible and demonstrate that you understand how to apply the theory to the situation.

1. Goal setting theory
2. Organizational Justice
3. Herzberg’s two factor theory
4. Expectancy Theory

Julius Berger is the junior portfolio manager of the global equities portfolio at BSC Asset Management based in the City. Akinbowale, a recently hired equity analyst, has been assigned to Julius to assist him with the portfolio.

Julius provided the betas estimated by using the Capital Asset Pricing Model (CAPM) for MSFT (MSFT), Lloyds (LLoyd), and CHevron (CVF) are 1.28, 1.63, and 1.03, respectively. The risk-free rate of return is 2.42 percent and the equity risk premium is 7.15 percent. Julius also considers an equal-weighted portfolio from the three stocks.

A private friend of Julius asked him to educate him about alternative asset pricing models to the CAPM. Julius considers the Fama-French 3-factor model. Akinbowale collated the following information to evaluate the price of 106 and park by using the Fama-French model. Treasury bill rate is 2.42 percent.

Exhibit 1: TerraNova Data

Required:

Calculate the individual required rates of return for the three stocks using the CAPM.

Calculate the required rate of return and beta of the portfolio consists of the stocks.

Compare the Fama-French 3-factor model to the CAPM and explain the differences.

Based on the data in Exhibit 1, calculate and compare the required return for 106 and park ltd      using the CAPM and the Fama–French model.

Describe the expected style characteristics of 106 and park based on its factor sensitivities.

Part 1:

Park Co. is considering an investment that requires immediate payment of $29,500 and provides expected cash inflows of $14,400 annually for four years. What is the investment's payback period?

Part 2:

Park Co. is considering an investment that requires immediate payment of $21,530 and provides expected cash inflows of $6,500 annually for four years. If Park Co. requires a 7% return on its investments.

1-a. What is the internal rate of return? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your present value factor to 4 decimals.)

Part 3:

Peng Company is considering an investment expected to generate an average net income after taxes of $3,400 for three years. The investment costs $50,400 and has an estimated $10,200 salvage value.

Assume Peng requires a 10% return on its investments. Compute the net present value of this investment. Assume the company uses straight-line depreciation. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign.)

Last week we learned more about important concepts in the area of Distribution and about the job of Revenue Manager. Two of the most heavily negotiated points in the distribution channel agreements are Last Room Availability and Rate Parity. Which of these do you feel is the most beneficial to the hotel, and why?

4. Understanding the facts/background of a transaction: Caesars Entertainment is in negotiations to purchase a new hotel. You are an analyst in the accounting policy department and are in the first step of the research process (understanding the facts/background of the transaction). Identify three resources you could consult to gather additional background/precedent for this issue.

"The City Ledger"

define what city-ledger, then categories and discussed/ create a list of best practices for a hotel chain of your choice. (Be sure to briefly describe the chain in your response.)

Analyze the mechanics of the entry and make at least one recommendation for improving the process. Please be as creative as you like.