Anne, Bob, and John agree to form a partnership to own and operate The Riverside. Anne and Bob will each contribute one-half of the capital. Bob will contribute the real estate at a value of $3 million. Anne will contribute the equipment and the restaurant furnishings at a value of $1 million and the cost of improvement, which amounts to $2 million. John will oversee the construction and when complete, he will vest in a 5 percent interest in the partnership’s capital. On an ongoing basis, John will oversee the partnership’s operations in exchange for a fixed salary and 20 percent of the partnership’s ongoing profits. The construction is estimated to be completed in June of 2016, and his capital interest is estimated to be valued at $400,000 at that time.

What are the tax consequences if the trio forms The Riverside as a partnership to own and operate the restaurant?

Simulation Case Study:
Phoenix Boutique Hotel Group

Phoenix Boutique Hotel Group (PBHG) was founded in 2007 by Bree Bristowe. Having worked for several luxury resorts, Bristowe decided to pursue her dream of owning and operating a boutique hotel. Her hotel, which she called PHX, was located in an area that included several high-end resorts and business hotels. PHX filled a niche market for “modern travelers looking for excellent service and contemporary design without the frills.” Since opening PHX, Bristowe has invested, purchased, or renovated three other small hotels in the Phoenix metropolitan area: Canyon Inn PHX, PHX B&B, and The PHX Bungalows.

One of the customer service enhancements Bristowe has implemented is a centralized, toll-free reservation system. Although many customers book specific hotels online, the phone reservation system enables PBHG to find the best reservation match at all properties. It has been an excellent option for those customers who have preferences regarding the type of room, amenity options, and the best price across the four hotel locations.

Currently, three agents are on staff for the 6 a.m. to 2 p.m. call shift. The time between calls during this shift is represented in Table 1. The time to process reservation requests during this shift is in Table 2.

Table 1: Incoming Call Distribution

Table 2: Service Time Distribution

Bristowe wants to ensure customers are not on hold for longer than 2 minutes. She is debating hiring additional staff for this shift based on the available data. Additionally, Bristowe and PBHG will soon be featured in a national travel magazine with a circulation of over a million subscriptions. Bristowe is worried that the current operators may not be able to handle the increase in reservations. The projected increase for call distribution is represented in Table 3.

Table 3: Incoming Call Distribution

Bristowe has asked for your advice in evaluating the current phone reservation system. Create a simulation model to investigate her concerns. Make recommendations about the reservation agents.

1. The Dias project site is located at 42232 Mission Boulevard near the Interstate 680 in Fremont, California. Twenty homes were constructed on the hillside property, per the approved general land plan designation of Low-Density Residential. Upon completion of site preparation and grading, the installation of the right of ways and utilities and the construction of the residences was completed over approximately an 18-month period. The Dias project was approved by the City of Fremont in 2012; however, due to the economic downturn, the project did not gain momentum until early 2015. Robson Homes picked up the design and moved forward with the civil, landscape, architect, and joint trench designs. In developing the grading and improvement plans for the future homes, five agencies were involved in the submittal reviews. Agencies included and the respective jurisdictions are as follows:
   • Caltrans – Mission Boulevard right of way (Route 238)
   • Alameda County Water District – public water main connection & service laterals
   • Union Sanitary District – public sanitary sewer main connection & service laterals
   • City of Fremont: Building & Engineering Departments– public right of way and homes
   • PG&E – existing utility easement (two gas lines with a 50’ easement)

Construction on the site was initiated in February 2016. The Dias project gained approval from all five agencies in April 2016. However, unforeseen circumstances necessitated further changes to the engineering design. Despite this setback, the developer decided to move forward with the construction, accepting the risk of agency comments regarding the new engineering design. The constructed homes feature multi-car garages or detached garages with an upstairs studio. Homes are be two-story and have a minimum of four bedrooms and 3.5 baths. Because homes are located on a hillside, extensive grading studies for retaining walls are required. Lots have customized landscaping per Robson’s request and feature multiple trees along the new right of way and in each lot.

For this specific project, perform the following exercise:

• Identify and describe at least four project risks
• Estimate the likelihood of occurrence of the identified risk and rank the risk types by the least likely to most likely to occur.
• For the four identified risk, determine the risk significance (insignificant, minor, moderate, major)
• For the four identified risks, determine proposed mitigation efforts.

use the construction of The circumcircle to construct Euler's line. Describle your construction in detail

How are Construction Management tools and equipment different from Construction tools and equipment?

Which of the following statements about prices is false?

Select one: a. A variable cost-plus pricing formula requires a higher mark-up percentage than a total cost-plus pricing formula. b. Prices must cover all costs and a normal profit margin. c. If prices are set close to variable manufacturing costs, the firm will generally earn a higher profit margin. d. Different definitions of cost base, each combined with a different mark-up percentage, will result in the same price for a product or service. Clear my choice

Suppose we all agree that the emission of carbon into the atmosphere is a policy problem
.Further, assume we know that the private marginal cost of a ton of Co2 is $17
while the true social marginal cost of a ton of carbon is $32. Clearly layout a policy of
carbon taxes that would result in the socially optimal level of carbon emissions.
Demonstrate your argument graphically and carefully explain. Evaluate the relative costs
and benefits of carbon taxes relative to emission targets/restrictions. How would your
analysis change if you believed innovation in carbon saving technologies was going to
improve in the near future?

Required information

[The following information applies to the questions displayed below.]

Acme Materials Company manufactures and sells synthetic coatings that can withstand high temperatures. Its primary customers are aviation manufacturers and maintenance companies. The following table contains financial information pertaining to cost of quality (COQ) in 2019 and 2020 (in thousands of dollars):

Required:

1. Classify the cost items in the table into cost-of-quality (COQ) categories.

2. Calculate the ratio of each COQ category to revenues in each of the 2 years.

3. Calculate the percentage change in each COQ category and total COQ and comment on the results:

a. Percentage change in total COQ as a percentage of sales, from 2019 to 2020;

b. Total COQ in 2020 expressed as a percentage of 2019 sales dollars;

c. Percentage change in total prevention costs, 2019 to 2020;

d. Percentage change in total appraisal costs, 2019 to 2020;

e. Percentage change in total internal failure costs, 2019 to 2020;

f. Percentage change in total external failure costs, 2019 to 2020.