Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company bought some land 3 years ago for $4798465 in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent these facilities from a competitor instead. If the land were sold today, the company would net $3848715. An engineer was hired to study the land at a cost of $823164, and her conclusion was that the land can support the new manufacturing facility. The company wants to build its new manufacturing plant on this land; the plant will cost $4984348 million to build, and the site requires $1185814 worth of grading before it is suitable for construction. What is the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project?
In: Finance
Q5. You are a theater owner fortunate to book a summer box office hit into your single theater. You are now planning the length of its run. Your share of the film’s projected box office is
R = 10 W -0.25 (W)^2, where R is in thousands of dollars and W is the number of weeks that the movie runs. The average operating cost of your theater is AC =MC = $5 thousand per week.
You realize that your typical movie makes an average operating profit of $1.5 thousand per week. How does this fact affect your decision in part a above if at all?
In: Economics
- Factory supervisors’ salaries -> product cost or period cost and why?
- Speakers used in Sony home-theater systems -> variable or fixed cost and why?
- Insurance costs related to a Mary Kay Cosmetics' manufacturing plant -> variable or fixed cost and why?
In: Accounting
Your company was awarded a tender to collect and return a construction team of 15 workers from King Shaka airport (Durban) to Lesotho and back to King Shaka airport (Durban). The GPS location in Lesotho is -29.362339, 28.503741 near the Katse Dam wall. You will be able to cut, copy and paste the location into google which will take you to the location. The construction will have a duration of 2 weeks.
You need to develop a project charter, plan the scope, create a schedule plan and close off the project.
In: Operations Management
It is believed the present capacity of Ocean Park is well-sufficient in accommodating the heaviest flow of visitors at ease. And the annual visitors to the park fell to 5.7 million in 2019 having topped at 7.5 million a few years previously. Draft, with an illustration of the various cost concepts, the average total cost (ATC) curve which is most relevant and locate the point where the park has been operating at.
In: Economics
Compensation to a customer when overbooking happens is an expense, right?
A friend of mine that booked a hotel on a site, notified her that there was an overbooking. The site compensated her by giving her a 5 start hotel instead. Compensating her by upgrading her hotel. The site probably paid the amount left that needed to be paid. In order to compensate my friend, right? This cost would go into the site's expense cost?
In: Accounting
home / study / business / finance / finance questions and answers / margaritaville hotel properties is opening a new beach resort in tybee island, ga at a cost ... Question: Margaritaville Hotel Properties is opening a new beach resort in Tybee Island, GA at a cost of $2... Margaritaville Hotel Properties is opening a new beach resort in Tybee Island, GA at a cost of $250 Million in year 0. The hotel is expected to operate for 20 years and at the end, be sold for approximately $500 Million in year 20. As an investment the hotel expected to earn $27 Million per year (including $20 Million in year 20). With a discount rate of 8% and reinvestment rate of 8%, analyze the projects feasibility using: Payback Discounted Payback NPV IRR Profitability Index MIRR It turns out, you forgot that the franchise company that licenses the Margaritaville name will require the hotel owners to renovate the hotel property in year 10. This will result in significant room closures and a significant capital investment. Therefore, cash flows in that year 10 are expected to be -$5 Million. Using MIRR, what did you get for a rate of return?
In: Finance
In 2015 The Big Boss Construction Company, started a 3
year
project at a fixed contract price of $22,000,000. The
estimated
construction costs were $15,500,000. The project was
completed
on time during the 2917 year. The following information is
available for the three year period of the construction
project.
2015 2016 2017
Costs Incurred to Date $6,188,000 $12,360,000 $15,875,000
Estimated Costs to Complete 9,282,000 3,090,000 --
Billings to Date 6,400,000 18,890,000 22,000,000
Collections to Date 5,100,000 17,110,000 21,630,000
Required
1. Compute the amount of gross profit to be recognized for
each of the three years using the percentage of completion.
2. Prepare all necessary journal entries for the 2015, 2016,
and
2017 years using the percentage of completion method.
3. Compute gross profit to be recognized for the three years
of
2015, 2016, and 2017 using the completed contract method.
4. For each of the three years of 2015, 2016, and 2017:
a. Prepare the Income Statement section for Big Boss
Construction
reporting percentage of completion information.
b. Prepare the Balance Sheet section for Big Boss
Constriction
reporting percentage of completion information.
In: Accounting
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 amusementpark?
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
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