5. In detail, summarize what the information that a five-number summary for the variable Per Capita Income provides for the City of Chicago.

There is a hotel in Imatra (Finland) which is very close to Russian border. The
demand function of Finnish consumers for this hotel is Q = 1000 - P. The demand
function of Russian consumers for this hotel would be Q = 1400 - P if they had not
travel to Imatra, but they have to travel and cost of travelling is 200. MC of hotel is
200 for one visitor. Find the difference of profits with price discrimination and without
price discrimination.

A movie theater has at most 90 seats available. Each adult movie ticket costs $14, and each child movie ticket costs $8. To make a profit, the theater must bring in more than $852 in ticket sales per show. A) In terms of A and C, write an inequality that represents the restriction on total occupancy. B) In terms of A and C, write an inequality that represents the restriction on total ticket sales. C) Make a graph that represents your inequalities. D) Which scenario satisfies the restriction on total occupancy but does not produce enough ticket sales? E) Which scenario does not satisfy the restriction on total occupancy but does produce enough ticket sales? F) Which scenario does not satisfy the restriction on total occupancy but does produce enough ticket sales? G) Which scenario satisfies the restriction on total occupancy and also produces enough ticket sales? 

Mr. Vaughn, a 27-year-old man, is hiking in the woods near his home in the American Midwest. He feels a sharp stinging sensation on his left ankle. As he looks down he sees a dark colored snake moving off the trail into the woods. Mr. Vaughn calls the ED at the local hospital. He tells the nurse what has happened. What should the nurse tell Mr. Vaughn? What actions should the nurse take at this time? Mr. Vaughn is brought to the ED via the paramedics along with a park ranger. The park ranger used the patient's description of the snake and determined that it was a pit viper. What is the priority of care for Mr. Vaughn? When the Mr. Vaughn's wounds are reassessed, the nurse notes heavy bleeding from the puncture site. What should the nurse's next actions be? Why?

Hubbart approach

The Pimlico Hotel is a 200-room hotel and it is projected to cost $15 million including land, building, equipment, and furniture and working capital. The hotel is financed with a $10 million loan at 8% interest rate. The owner’s investment in the property is $5 million. The owners desire a 16% return on investment. The hotel projects 80% occupancy rate and it will be open 365 days a year. The income tax rate is 40%. Room’s department direct expenses

are $10 per room sold.

The following are the fixed and undistributed expenses.

Depreciation expense $300,000

Amortization expense 100,000

Rent Expense 130,000

Administration and general 300,000

Marketing 200,000

Utility costs 200,000

Property Operations and Maintenance 120,000

Insurance 50,000

Property taxes 200,000

Other operated departments’ Income/losses

Food 150,000

Beverage 50,000

Telephone (50,000)

Additional information

Double occupancy 40%

Rate difference (spread) between double and single is $10.

Using the information above find the ADR and determine double rate and single rate for the Pimlico Hotel.

ABC inc. has 3 divisions which produced the following results last year:

Division A: Historical Cost of Investment = $750k / Operating Income $92250
Division B: Historical Cost of Investment = $720k / Operating Income $90k
Division C: Historical Cost of Investment = $200k / Operating income $26k

a) caclulate each divisions ROI and RI, assume 10% cost of capital
b) Assume that the carrying amonut of the investments is half the historical cost, calculate each divisions ROI and RI, assuming a 10% cost of capital, using the carrying amount.
c) Which measure, ROI or RI, is a better indicator of the performance of each division?

Please show work.

A large city hotel serves two types of customers/guests: general visitors (gv), and convention attendees (ca). Their respective daily demand functions are: For the general visitors segment Q gv = 1,400 – 10 Pgv, and for the convention attendees segment Qca = 2,400 -20 Pca. The marginal cost for serving an additional guest is the same, regardless of the type of customer, and the hotel’s daily Total Cost function is: T.C. = 18,200 + 30 Q.

1. With price discrimination, how many rooms should this hotel offer to in each market segment, and what rate (price) should it charge to each group of customers?
2. What would this hotel’s daily profits be?
3. What would the mark-up, as a percentage of the membership price, be in each market segment?

There are 750,000 residents in a city. Based on a government poll, they fall within three groups regarding their willingness to pay for the construction of a park.

- 200,000 of the residents are not willing to pay for the park at all,

- 250,000 residents are willing to pay $12,

- 300,000 are willing to pay $100.

The cost of the park will be $15 million. Should it be built? Why or why not?

Would this answer change if the only way to pay for it is to divide the cost equally across each of the 750,000 residents? Why or why not?