The Wilton is an all-inclusive spa and hotel in the heart of Brooklyn and uses guests as its measure of activity. During June, The Wilton budgeted for 2,000 guests, but it actually hosted 2,100 guests. The hotel used the following revenue and cost formulas in its budgeting, where q is the number of guests:

Revenue: $62.90q
Personnel expenses: $28,500 + $20.40q
Food and beverage supplies: $1,400 + $9.90q
Occupancy expenses: $8,200 + $3.30q
Spa expenses: $4,000 + $0.40q

The hotel reported the following actual results for June:

Revenue                                       $129,450

Personnel expenses                      $ 74,770

Food and beverage supplies           $ 22,940

Occupancy expenses                     $ 14,640

Spa expenses                                   $   4,740

Required:
a. Prepare a flexible budget performance report showing The Wilton’s revenue and spending variances and activity variances for June. Label each variance as favorable (F) or unfavorable (U), filling out the shaded squares. (22 points)

b. Describe at least two potential reasons for the revenue, spa expenses and food/beverage supplies variances found above. Are any of the variances related? Describe. (6 pts)

1. Parkruns are free 5km timed runs usually run on weekends in different cities, towns and suburbs around the world. It is suspected that they are competitive and hence faster than 5km family fun runs which require payment for registration. Parkrun finishers do not get medals whereas all family fun run finishers get medals. The summary statistics below are from two random samples of 10 park runners and 10 5km family fun runners in Bellville. The races were run on the same route and on 2 separate days but with identical weather conditions. The summary statistics are for the recorded finishing times (in minutes) of the runners. park runners family fun runners Sample Mean: 20.58 25.67 Sample standard deviation : 3.5 5.7 (a) Is there evidence that the mean finishing time differs between the park runners and family fun runners? Perform an appropriate statistical test. (b) Construct a 95% confidence interval for the difference between the population means of the two groups. Compare your results to your conclusions in (a). (c) What assumption(s) are necessary for performing the hypothesis tests and constructing the confidence interval above? Hint: Use a 5% significance level for the F-test but report a p-value for the t-test

Collect Customer Data - Part 2

1. Collect Mileage information:

   Prompt: "Starting Odometer Reading:\n"

   Variable: odoStart = ?

   Prompt: "Ending Odometer Reading:\n"

   Variable: odoEnd = ?

   Add code to PRINT odoStart and odoEnd variables as well as the totalMiles to check your work.

   The following data will be used as input in the test:

   1. Prompt the user to input the starting odometer reading (expect type int from the user)
   2. Prompt the user to input the ending odometer reading (expect type int from the user)
   3. Test your code.

import sys
'''
Section 1: Collect customer input
'''
#Add customer input 1 here, rentalCode = ?

#Collect Customer Data - Part 2

#4)Collect Mileage information:
#a)   Prompt the user to input the starting odometer reading and store it as the variable odoStart

#Prompt -->"Starting Odometer Reading:\n"
# odoStart = ?

#b)   Prompt the user to input the ending odometer reading and store it as the variable odoEnd

#Prompt -->"Ending Odometer Reading:"
# odoEnd = ?

#c) Calculate total miles

#Print odoStart, odoEnd and totalMiles

# Calculate Charges 2

##   Calculate the mileage charge and store it as
# the variable mileCharge:

#a)   Code 'B' (budget) mileage charge: $0.25 for each mile driven

#b)   Code 'D' (daily) mileage charge: no charge if the average
# number of miles driven per day is 100 miles or less;
# i)   Calculate the averageDayMiles (totalMiles/rentalPeriod)

# ii)   If averageDayMiles is above the 100 mile per day
# limit:
# (1)   calculate extraMiles (averageDayMiles - 100)
# (2)   mileCharge is the charge for extraMiles,
# $0.25 for each mile

#c)   Code 'W' (weekly) mileage charge: no charge if the
# average number of miles driven per week is
# 900 miles or less;

# i)   Calculate the averageWeekMiles (totalMiles/ rentalPeriod)

# ii)   mileCharge is $100.00 per week if the average number of miles driven per week exceeds 900 miles

Im getting a Error on my Script at line 55:

LAST RUN on 9/14/2019, 8:44:31 AM

Check 1 failed

Output:

File "rental_car-customer-data-2.py", line 55 elif rentalCode == 'W' or rentalCode=='w': ^ SyntaxError: invalid syntax

Expected:

Starting Odometer Reading: Ending Odometer Reading: 1234 2222 988

My Script:

import sys
'''
Section 1: Collect customer input
'''
#Add customer input 1 here, rentalCode = ?
rentalCode = input("(B)udget, (D)aily, or (W)eekly rental?\n")
print (rentalCode)
#Collect Customer Data - Part 2

#4)Collect Mileage information:
#a)   Prompt the user to input the starting odometer reading and store it as the variable odoStart

#Prompt -->"Starting Odometer Reading:\n"
# odoStart = ?
odoStart = input('Starting Odometer Reading: ')
#b)   Prompt the user to input the ending odometer reading and store it as the variable odoEnd

#Prompt -->"Ending Odometer Reading:"
# odoEnd = ?
odoEnd = input('Ending Odometer Reading: ')
#c) Calculate total miles
totalMiles = int(odoEnd) - int(odoStart)
#Print odoStart, odoEnd and totalMiles
print (odoStart)
print (odoEnd)
print (totalMiles)

# Calculate Charges 2

##   Calculate the mileage charge and store it as
# the variable mileCharge:

#a)   Code 'B' (budget) mileage charge: $0.25 for each mile driven
if rentalCode == "B" or rentalCode=='b':
mileCharge = totalMiles * 0.25
#b)   Code 'D' (daily) mileage charge: no charge if the average
# number of miles driven per day is 100 miles or less;
# i)   Calculate the averageDayMiles (totalMiles/rentalPeriod)
elif rentalCode == "D" or rentalCode=='d':
rentalPeriod = int(input('Enter days rented: '))
averageDayMiles = totalMiles/rentalPeriod
if averageDayMiles <= 100:
mileCharge=0
# ii)   If averageDayMiles is above the 100 mile per day
# limit:
# (1)   calculate extraMiles (averageDayMiles - 100)
else:
# (2)   mileCharge is the charge for extraMiles,
# $0.25 for each mile
mileCharge = (averageDayMiles-100) *0.25

#c)   Code 'W' (weekly) mileage charge: no charge if the
# average number of miles driven per week is
# 900 miles or less;
elif rentalCode == 'W' or rentalCode=='w':
rentalWeek = int(input('Enter rental week: '))
averageWeekMiles = totalMiles / rentalWeek
if averageWeekMiles<=900:
mileCharge=0
else:
mileCharge=100*rentalWeek
print('Charges : ${}'.format(mileCharge))
# i)   Calculate the averageWeekMiles (totalMiles/ rentalPeriod)

# ii)   mileCharge is $100.00 per week if the average number of miles driven per week exceeds 900 miles

1) “Demand” is best defined as the relationship between:

1. the price of a good and the quantity consumers are willing and able to buy at each price level.
2. the current price of a good and the quantity demanded at that price.
3. the quantity supplied and the price people are willing to pay for a good.
4. the amount of income someone has and the price he is willing to pay for a good.

2) A home theater system and an HD television would be considered an example of:

A) substitute goods.

2. giffen goods.
3. inferior goods.
4. complementary goods.

3) Many people consider hot dogs to be an inferior good. For such people, all else held constant, a decrease in income would cause their demand for hot dogs to:

1. increase.
2. stay the same.
3. decrease.
4. cannot be determined with the information given.

4) If movies on DVD for home rental and movies seen at a theater are substitutes, and the price of movies seen at a theater increases, the demand for movies on DVD will:

A) increase.

2. stay the same.
3. decrease.
4. cannot be determined.

5) Which of the following is not considered a factor that influences supply?

A) Technology.

2. Production taxes and subsidies.
3. The number of buyers.
4. Resource prices.

6) For the U.S. economy, the largest expenditure category is:

A) government expenditures.

2. net export expenditures.
3. personal consumption expenditures.
4. investment expenditures.

7) Greater consumer confidence, wealth, available consumer credit, and disposable income ________ personal consumption expenditures.

1. increase
2. decrease
3. have no effect on
4. none of the above

8) Higher expected profits and business confidence ________ investment spending.

A) decrease

2. increase
3. do not affect
4. none of the above.

9) Appreciation of the U.S. dollar will ________ exports and ________ imports, other things equal.

1. increase; increase
2. increase; decrease
3. decrease; decrease
4. decrease; increase

10) The reserve requirement is 0.20. What is the simple deposit multiplier?

A) 1

2. 5
3. 0.10
4. 100

11) The interest rate that commercial banks charge each other for loans of reserves to meet their minimum reserve requirements is called:

A) treasury bill rate.

2. federal funds rate.
3. prime interest rate.
4. none of the above.

12) An increase in the reserve requirement would:

1. decrease excess reserves and reflect an expansionary monetary policy.
2. decrease excess reserves and reflect a contractionary monetary policy.
3. increase excess reserves and reflect an expansionary monetary policy.
4. increase excess reserves and reflect a contractionary monetary policy.

Many lakes in the Adirondack State Park in New York are carefully managed. At some lakes, fines are levied for introducing non-intended fish into the lake. Why would such a rule exist? (Answer this question from an externality perspective!)

Many hotels have implemented aggressive recycling programs. Assume an employee within the hotel approached you about starting a comprehensive recycling program. What factors would influence the hotel’s decision to make a commitment to such a program?

Explain what is meant by the Theme Park internal and external business environment and use the acronym P.E.S.T with appropriate examples to clarify your explanation.  Also, discuss using how new rides can be both interactive and educational.

Beta and required rate of return

A stock has a required return of 12%; the risk-free rate is 2.5%; and the market risk premium is 3%.

What is the stock's beta? Round your answer to two decimal places.

B. If the market risk premium increased to 9%, what would happen to the stock's required rate of return? Assume that the risk-free rate and the beta remain unchanged.

1. If the stock's beta is equal to 1.0, then the change in required rate of return will be greater than the change in the market risk premium.

2. If the stock's beta is equal to 1.0, then the change in required rate of return will be less than the change in the market risk premium.

3. If the stock's beta is greater than 1.0, then the change in required rate of return will be greater than the change in the market risk premium.

4. If the stock's beta is less than 1.0, then the change in required rate of return will be greater than the change in the market risk premium.

5. If the stock's beta is greater than 1.0, then the change in required rate of return will be less than the change in the market risk premium.

-Select-

New stock's required rate of return will be _______ %. Round your answer to two decimal places.

To explore the physics of freefall, a curious student climbs to the top of the Las Vegas-version of the Leaning Tower of Pisa (to be built in the style of the Las Vegas-version of the Eiffel Tower, the Statue of Liberty, …) with two identical cannonballs and conducts a series of experiments. Part A) The student drops one cannonball, and exactly 1.0 s later drops the other cannonball from the same height. What is the time interval between the first cannonball striking the ground and the second cannonball striking the ground? Part B) The student drops one cannonball, and after it has fallen exactly 1.0 m drops the other cannonball from the same initial height. What is the distance between the cannonballs when the first cannonball strikes the ground? Part C) The student throws one cannonball directly upward at 5.0 m/s and simultaneously throws the other cannonball directly downward at 5.0 m/s. (This requires great dexterity, but the student has been practicing this maneuver for several months.) What is the difference in speed between the cannonballs when each ball strikes the ground?

Answer Choices: Less than 1.0 m 1.0 m Greater than 1.0 m Cannot be determined