There are 3 short answer questions in this paper. Type your answers where indicated. Your answers can be in bullet point form.

A local resort in the Blue Mountains is for sale.

1. What are the potential valuation effects of COVID-19 and of the bad bushfire season the year before? Identify how these events would be taken into consideration in a valuation model. Be sure to identify positive or negative valuation effects and whether these effects are short term or long term.

Type answer here

The government has identified an area of the national park near the resort that they are going to release for sale for development to raise money. The sale of the land is being done by sealed bid auction with the government committee deciding which offer to accept based on several criteria including the amount offered as well as the plans for development. You find out that someone on the committee is trying to solicit a kickback of 15% to award the contract.

2. You tell your boss and she tells you that this is how the industry works. What should you do? Can you identify any examples of this type of corruption has occurred in Australia or by Australian companies?

Type answer here

The resort monitors all the sales and COGS in each of the departments and they noticed that COGS have been increasing in the restaurant without any change in the revenues.

What are some of the possible explanations for the increasing COGS? How would you investigate fraud-related potential explanations?

Hickory Company manufactures two products—13,000 units of Product Y and 5,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z:

1. What is the company’s plantwide overhead rate

2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z?

3. What is the activity rate for the Machining activity cost pool?

4. What is the activity rate for the Machine Setups activity cost pool?

5. What is the activity rate for the Product Design activity cost pool?

6. What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.)

9. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? (Do not round intermediate calculations and round your final answer to the nearest dollar amount.)

10.

Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? (Do not round intermediate calculations and round your final answer to the nearest dollar amount.)

11.

Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places. Round your "Percentage" answers to 2 decimal places. (i.e. 0.1234 should be entered as 12.34).)

12. Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places. Round your "Percentage" answers to 2 decimal places. (i.e. 0.1234 should be entered as 12.34).)

13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places. Round your "Percentage" answers to 2 decimal places. (i.e. 0.1234 should be entered as 12.34).)

14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? (Round your "Percentage" answers to 2 decimal places. (i.e. 0.1234 should be entered as 12.34)).

15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places. Round your "Percentage" answers to 2 decimal places. (i.e. 0.1234 should be entered as 12.34).)

The Wellington Plaza Hotel is located close to the main railway station in a large regional city. Its main client base is business people visiting the city for work-related purposes. The second-largest group of clients consists of groups of (mainly) women visiting the city for its great shopping. All major department stores have a presence in the city and there are a number of specialty shops and factory outlets. Another large group of clients are groups of (mainly) men visiting the city for various sports events, including several important hockey games during the winter. Occupancy rates have been reasonable but stagnant for several years, providing a steady but unsatisfactory rate of return for the owners of the hotel. Revenues have only been sufficient to cover operating costs. In an effort to increase the hotel’s profitability, a major renovation program was undertaken and completed earlier this year. The renovation was predicted to increase the relative attractiveness of the hotel to guests. It was also undertaken to earn additional revenue from the rent of a new coffee shop on the ground floor. The coffee shop is run by a separate company that has purchased a franchise of a major international brand. An economic slow down means business travel is down by 25 percent across the country. Further, discretionary retail spending is down by 40 percent. Several specialty shops in the city have already shut down and others are cutting their opening hours. In addition, the hockey series was won by the local team in four games (instead of the possible seven games). Thousands of visitors left the city early once the final game was over. Just before the hockey games began, the coffee-shop owners went bankrupt and closed down, breaking their lease. The hotel owners are seeking legal advice on whether they can claim penalty fees on the broken lease. Finally, the hotel owners’ bank is warning that the short-term financing obtained for the renovations will not be renewed when it is due (one month after year end). The hotel managers had expected to repay the debt from this year’s bookings and the coffee-shop lease. The hotel owners are still hopeful that the summer will bring a large increase in occupancy (and revenue) as the weather is expected to be nice. This expected summer trade is essential to meet repayments on the long-term debt and to convince the bank to extend the short-term debt. (a) New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect. Which of the following conditions in this case may cast doubt on the client’s ability to continue as a going concern? (There may be more than one correct answer)

A.Economic slowdown

B.Prolonged losses

C.Inability to renew short-term financing when it comes due

D.Supplier reluctance to provide goods on credit

E.Lower occupancy fees due to reduced demand from customers

F.Loss of rent from coffee shop with uncertainty about a new lease

G.Rapid growth with insufficient planning

H.Falling behind competitors

the marcus hotel borrows $200000 from the spartan national bank the details are as follows:
a. Term of loan = 5 years
b. amortization rate = based on 10 years
c. frequency of payment = annual
d. interest rate = 6% required
1. prepare a loan amortization table for five years
2. what percentage of the loan was paid off over the five year period?
3. what was the total amount of interest paid?
4. what amount of interest will be paid over the 10 life of the loan?

a. how much be invested today to have 5,000 in five years if the interest rate is 6%?

b. at an effectives interest rate of 9%, what approximate amount will an investor have in 24 years if $5,000 is invested today?

c. Your sister, who is 6 years old today, just received a trust fund that will be worth $25,000 when she turns 21. IF the fund earns annual interest of 10% compounded quarterly, what is it today?

Water Planet is considering purchasing a water park in Miami, Florida​, for $ 2,100,000. The new facility will generate annual net cash inflows of $ 535,000 for eight years. Engineers estimate that the facility will remain useful for eight years and have no residual value. The company uses​ straight-line depreciation. Its owners want payback in less than five years and an ARR of 10​% or more. Management uses a 12% hurdle rate on investments of this nature.

.

Requirement 1. Compute the payback​ period, the​ ARR, the​ NPV, and the approximate IRR of this investment.​ (If you use the tables to compute the​ IRR, answer with the closest interest rate shown in the​ tables.) ​(Round the payback period to one decimal​ place.)

​(Round the percentage to the nearest tenth​ percent.)

​(Round your answer to the nearest whole​ dollar.)

The IRR​ (internal rate of​ return) is between

.

Requirement 2. Recommend whether the company should invest in this project.

Construction Documents

1. What is included in a Bid Package for a construction project?

2. Name and explain the three different stages of construction projects development.

3. Name and explain the three different stages of Architectural Design process for construction projects.

4. Name ten (10) different drawings in a set of drawing for a construction project.

5. What is Title Block and what type of information you can find in a Title Block?  

Universe Studios Sentiasa is a theme park licensed from a major Bollywood studio. Customers pay a fixed fee to enter the park where they can participate in a variety of activities such as riding roller-coasters, playing on slides and purchasing themed souvenirs from gift shops.

Customers purchase tickets to enter the theme park from ticket offices located outside the park. Tickets are only valid on the day of purchase. Adults and children are chargedthe same price for admission to the park. Tickets are preprinted and stored in each ticket office. Tickets are purchased using either cash or credit cards. Each ticket has a number comprising of two elements - two digits relating to the ticket office followed by six digits to identify the ticket. The last six digits are in ascending sequential order.All cash ticket sales are recorded on a computer showing the amount of each sale and the number of tickets issued. This information is transferred electronically to the accounts office. Cash is collected regularly from each ticket office by two security guards. The cash is then counted by two accounts clerks and banked on a daily basis. The total cash from each ticket office is agreed to the sales information that has been transferred from each office. Total cash received is then recorded in the cash book, and then the general ledger.

The park also accepts Visa and Mastercard. Payments by credit cards are authorised online as the customers purchase their tickets. Computers in each ticket office record the sales information, which is transferred electronically to the accounts office. Credit card sales are recorded for each credit card company in a receivables ledger. When payment is received from the credit card companies, the accounts clerks agree the total sales values to the amounts received from the credit card companies, less the commission payable to those companies. The receivables ledger is updated with the payments received. You are now commencing the planning of the annual audit of Universe Studios Sentiasa .

Required

(a) Identify four (4) risks that could affect the assertion of completeness of sales and cash receipts. [12 marks] (b) Discuss the extent to which substantive procedures could be used to confirm the assertion of completeness of income in Universe Studios Sentiasa. [6 marks] (c) Provide any four (4) substantive analytical procedures that can be used to give assurance on the total income from ticket sales for one day in Universe Studios Sentiasa. [12 marks]

An Illinois state program evaluator is tasked with studying the intelligence of soon-to-graduate high school students in a number of Chicago-area high schools.

One of the specific questions that needs to be answered is, “How do the students of Collins High School, one of Chicago’s lowest-rated high schools in terms of academic achievement, fare in intelligence compared to students of Lincoln Park High School, one of Chicago’s highest-rated high schools in terms of academic achievement?”.

To conduct this study, the program evaluator administers the Wechsler Adult Intelligence Scale, 4th Edition (WAIS-IV) to one 12th grade class from each high school in the Chicago area (if you are interested in learning more about the WAIS-IV, click here).

The following table shows the WAIS-IV scores for student from Collins HS and Lincoln Park HS (note: data were fabricated for purposes of this excersize):

First, complete the below grouped frequency table of WAIS-IV scores for each HS:

Compute the appropriate calculations to complete the following table :

What is the shape of the distribution of intelligence scores (normal, negatively skewed, positively skewed) for Collins HS? Explain how you arrived at your answer.

What is the shape of the distribution of intelligence scores (normal, negatively skewed, positively skewed) for Lincoln Park HS? Explain how you arrived at your answer.

Organizational culture - Ritz-Carlton

The Ritz-Carlton is committed to treating its guests as HRHers of the hotel, drawing on the best institutional cultures in the area of ​​residence, and the staff are referred to as "ladies and gentlemen". The hotel employees carry a card with the hotel logo printed on it that states: “We, ladies and gentlemen, provide the service to women and gentlemen.”

They have trained the employees of the Ritz in very precise standards and specifications to deal with customers. The founders of the company, Caesar Ritz and Auguste Escover, set these standards for more than a century, and Ritz employees are continuing to be trained in the company's traditions and values.

The managers reinforce the company’s values ​​and review service methods in 15-minute “show” sessions every day in every hotel building. These values ​​form the basis for employee training and compensation. Nothing is left to chance when it comes to providing exemplary customer service,

Prospective employees pass tests related to cultural suitability and attributes associated with the innate love of service provision. "The smile should look natural," says one of the company’s managers. Although team members are expected to be highly motivated and highly motivated, their behavior in dealing with inmates is very detailed and written, which is the company's new approach in contrast to what the company has been doing before: No less for employees how to make inmates feel happy. Employees are expected to discover this themselves now. Diana Orrick, Vice President, says, “We have switched from this written guideline approach and moved to results management.” But the result has not changed. The goal is still for the inmate to express his admiration for the service they receive. However, based on the new approach, the interactions of team members with inmates are more natural, calm, and honest, which is better than appearing as lines from a booklet.
answer the questions:

1. What is the prevailing culture at the Ritz-Carlton? In your opinion, why is this type of culture important to a luxury hotel? With a discussion of the weaknesses of such a culture type?
2. What challenges do you think the Ritz-Carlton Hotel faced in changing the organizational culture? With a discussion of what the Ritz-Carlton should do to maintain the new organizational culture?
3. What characteristics of a potential employee do you think will be the happiest and most successful in this culture? In your opinion, how can new employees "learn" this culture?
4. What can other organizations learn from the Ritz-Carlton about the importance of organizational culture?