Explain the concept of high-performance green building. Include the following:

• Your reasoning to justify the appropriateness of sustainable construction practices (a minimum of three reasons)
• A minimum of three trends in high-performance building
• A trend you foresee in high-performance building in the near and distant future

Beavis Construction Company was the low bidder on a construction project to build an earthen dam for $1,820,000. The project was begun in 2020 and completed in 2021. Cost and other data are presented below:

Assume that Beavis recognizes revenue on this contract over time according to percentage of completion.

Required:
Compute the amount of gross profit recognized during 2020 and 2021.

Q6. Contract price: $9.5 million;

Year 6                 Year 7                 Year 8

Costs for the year                                              $3,825,000 $4,675,000 $1,300,000

Estimated cost to complete                               $4,675,000 $1,270,000         

Progress billing during the year                        $3,500,000 $4,100,000 $1,900,000

Cash collected during the year                         $3,100,000 $4,150,000 $2,100,000

(1) Using the percentage-of-completion method, determine the balance of construction in progress (CIP) at the end of year Year 7. [9 marks]

(2) Using the completed-contract method, determine the balance of construction in progress (CIP) at the end of year Year 7. [9 marks]

Beavis Construction Company was the low bidder on a construction project to build an earthen dam for $1,730,000. The project was begun in 2020 and completed in 2021. Cost and other data are presented below:

Assume that Beavis recognizes revenue on this contract over time according to percentage of completion.

Required:
Compute the amount of gross profit recognized during 2020 and 2021.

Otay Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017.

Instructions

(a)  

Determine Otay Lakes Park's net income for 2017.

(b)  

Prepare a retained earnings statement and a balance sheet for Otay Lakes Park as of December 31, 2017.

(c)  

Upon seeing this income statement, Walt Jones, the campground manager, immediately concluded, “The general store is more trouble than it is worth—let's get rid of it.” The marketing director isn't so sure this is a good idea. What do you think?

Donald has recently lost his job as the President of a large North American country and has returned to the family hotel business. Their most prestigious hotel Tramp Tavern has been closed for two years whilst it has undergone refurbishment and the hotel is about to be relaunched. The hotel runs conventionally and has a number of cost centres such as Reception, Concierge, Repairs and Maintenance which are relatively fixed. The hotel also has variable costs relating to cleaning and servicing rooms. You have been provided with the following data regarding the re-furbished Tramp Tavern: Available Rooms 400 Average Room Tariff (per night) $230 Fixed Financing Costs $10 million Fixed Operating Costs $15 million Variable Operating Costs (per night when occupied) $50 Required a) What is the breakeven point (in total room rentals for the year) for the Tramp Tavern? Show the percentage of occupancy that the hotel must achieve in order to break even (show all calculations) (2.5 marks)
b) Donald expects the property to achieve 70% occupancy over the year. What will be his Net Profit (Loss) for the year if they achieve that level of occupancy? (2.5 marks)
c) Hotel rooms (like airline seat tickets) are services that are referred to as ‘perishable’ in that they expire if they are not used on a certain date (they cannot be stored). Donald has determined that he can increase the hotel’s occupancy from 70% to 95% by subscribing to a last-minute deals provider. However, should he do so the average room tariff Tramp Tavern will receive will fall from $230 per night to $190 per night. Provide the profit calculation to demonstrate whether Donald should or should not go ahead with the offer from the lastminute deals provider to sign. (2.5 marks)
d) Briefly discuss any other business issues that Donald should consider before making up his mind whether to proceed with the last-minute deals agreement.

Donald has recently lost his job as the President of a large North American country and has returned to the family hotel business. Their most prestigious hotel Tramp Tavern has been closed for two years whilst it has undergone refurbishment and the hotel is about to be relaunched. The hotel runs conventionally and has a number of cost centres such as Reception, Concierge, Repairs and Maintenance which are relatively fixed. The hotel also has variable costs relating to cleaning and servicing rooms. You have been provided with the following data regarding the re-furbished Tramp Tavern: Available Rooms 400 Average Room Tariff (per night) $230 Fixed Financing Costs $10 million Fixed Operating Costs $15 million Variable Operating Costs (per night when occupied) $50 Required a) What is the breakeven point (in total room rentals for the year) for the Tramp Tavern? Show the percentage of occupancy that the hotel must achieve in order to break even (show all calculations) (2.5 marks) b) Donald expects the property to achieve 70% occupancy over the year. What will be his Net Profit (Loss) for the year if they achieve that level of occupancy? (2.5 marks) c) Hotel rooms (like airline seat tickets) are services that are referred to as ‘perishable’ in that they expire if they are not used on a certain date (they cannot be stored). Donald has determined that he can increase the hotel’s occupancy from 70% to 95% by subscribing to a last-minute deals provider. However, should he do so the average room tariff Tramp Tavern will receive will fall from $230 per night to $190 per night. Provide the profit calculation to demonstrate whether Donald should or should not go ahead with the offer from the lastminute deals provider to sign. (2.5 marks) d) Briefly discuss any other business issues that Donald should consider before making up his mind whether to proceed with the last-minute deals agreement. (

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.