In a comparison of two alternative loans with different debt denominations for the foreign subsidiary we see the following: The Global Hotel Company’s Belizean subsidiary obtains a BZ$40 million loan at an annualized interest rate of 5.5% or arranges a loan of US$20 million with a 4% interest rate.
Calculate the amount repaid in both Belizean dollars and US dollars in interest and principal and determine which is a better borrowing plan for the Global Hotel Belizean subsidiary.
|
Year 1 |
Year 2 |
Year 3 |
|
|
Loan of BZ$40,000,000 @ 5.5% |
|||
|
Loan of US$20,000,000 @ 4.0% |
|||
|
Forecast Exchange Rate of BZ$ |
$.50 |
$.48 |
$.45 |
|
BZ$ needed to repay loan |
In: Finance
As a young entrepreneur, you are planning to open a budget hotel with a start-up capital of RM 350,000. The hotel will have single-bed rooms with an expected rate of RM 90 per room. An average room occupancy rate is about 250 per month. Annual operating expenses for which cover administration, utility and maintenance costs are about RM 80,000. The cash flows will be expected to remain unchanged for the next 10 years. It is expected that the before-tax minimum attractive rate of return (MARR) is 15% per year.
(i) What is the required average room occupancy rate per month to just breakeven?
(ii) What is the new required average room occupancy rate per month to just breakeven, if the annual operating expenses increase by RM 7,500 each year starting from year 2? Assume other factors remain unchanged.
In: Economics
Discussion: Profitability Analysis
A large, downtown hotel allocated all of its restaurant labor costs on the basis of revenue dollars. This hotel had seven restaurant outlets that were vastly different, including banquet, room service, a bar, a 24-hour restaurant, and a fine dining facility. There are obvious differences in the way labor resources are consumed in these various outlets. However, the most glaring example was in the banquet operation. Since banquets were not regularly scheduled events, the banquet manager hired servers as contract laborers. These costs were not included in the restaurant labor pool. Suggest at least two steps the manager should take to ensure that all labor is factored into the profitability analysis. The textbook discusses level 1, 2 and 3 variances. Suggest the variance analysis that would pinpoint the issue with the budget. Provide specific examples.
In: Accounting
A major cab company in Chicago has computed its mean fare from O'Hare Airport to the Drake Hotel to be
$
28.99
, with a standard deviation of
$
3.79
. Based on this information, complete the following statements about the distribution of the company's fares from O'Hare Airport to the Drake Hotel.
(a) According to Chebyshev's theorem, at least ?56%75%84%89% of the fares lie between 21.41 dollars and 36.57 dollars.
(b) According to Chebyshev's theorem, at least ?56%75%84%89% of the fares lie between 19.515 dollars and 38.465 dollars.
(c) Suppose that the distribution is bell-shaped. According to the empirical rule, approximately ?68%75%95%99.7% of the fares lie between 21.41 dollars and 36.57 dollars.
(d) Suppose that the distribution is bell-shaped. According to the empirical rule, approximately 99.7% of the fares lie between
dollars
and
dollars
.
In: Statistics and Probability
Listed below are portions of the financial statements for MS Park Inc.
|
Balance Sheet |
Jan 1 |
Dec 31 |
|
Inventory |
2 1,7 3 1 |
2 3,8 8 5 |
|
Account Receivables |
1 6,4 7 8 |
1 7,4 6 6 |
|
Account Payables |
1 9,2 3 1 |
2 0,8 4 5 |
|
Income Statement |
For period ended Dec 31 |
|
|
Revenue |
2 7 0,4 8 0 |
|
|
COGS |
2 0 7,2 0 4 |
|
|
Net Operating Income |
6 3,2 7 6 |
Complete the following Table for MS Park & provide a brief statement on their short term financial position:
|
Inventory Turnover |
|
|
Inventory Period |
|
|
Receivable Turnover |
|
|
Receivable Period |
|
|
Operating Cycle |
|
|
Payable Turnover |
|
|
Payables Period |
|
|
Cash Cycle |
In: Finance
1, 33% of consumers read the ingredients listed on a product's label. For a sample of 265 consumers, what is the probability that between 80 and 103 of them read the ingredients listed on a product's label?
2.
The hotel room rate in New York City is normally distributed with a mean of $294 per night. Assume that the standard deviation is unknown.
If 23% of the New York City hotel room rates are more than $328 per night, what is the variance? (Remember the label.)
3.
The Economic Policy Institute reports that the average entry-level wage for male college graduates is $22.23 per hour and for female college graduates is $18.97 per hour. The standard deviation for male graduates is $3.94 and for female graduates is $3.02. Assume wages are normally distributed.
If 30 female graduates are chosen, find the probability the sample average entry-level wage is at least $19.85
In: Statistics and Probability
4. Julie visits the local park 90 times, and sees her favorite pigeon 38 times. Let p be the probability that Julie sees the pigeon on any given visit, and assume that whether Julie sees the pigeon on some visit is independent of whether she sees the pigeon on any other visit.
(a) Construct a 90% two-sided confidence interval for p.
(b) Julie believes that there is a 50% chance that she sees the pigeon when she visits the park. Is your interval in part (a) consistent with that belief? Explain your answer.
(c) Test Julie’s claim from part (b) with a hypothesis test. Use a significance level of α = 0.05. Perform the test by comparing a test statistic to a critical value found in the tables in the back of your textbook.
(d) Perform the test in part (c) using a p-value.
In: Statistics and Probability
4. Derek is the owner of the only movie theater in town. By hiring several well-trained economists, Derek learns that the people watching movies after 8 P.M. have a much higher average willingness to pay than people watching at 5 P.M. The costs of showing a movie are identical at 5 P.M. and 8 P.M. To maximize his profit, what should Derek do? Give him some specific advice, including drawing him a diagram or two. (Derek can get his economists to interpret your diagrams as long as you label all the axes and all the curves.)
In: Economics
4.8.2: Nested loops: Print seats. C++
Given numRows and numColumns, print a list of all seats in a theater. Rows are numbered, columns lettered, as in 1A or 3E. Print a space after each seat, including after the last. Ex: numRows = 2 and numColumns = 3 prints:
1A 1B 1C 2A 2B 2C
#include
using namespace std;
int main() {
int numRows;
int numColumns;
int currentRow;
int currentColumn;
char currentColumnLetter;
cin >> numRows;
cin >> numColumns;
/* Your solution goes here */
cout << endl;
return 0;
}
In: Computer Science
Question 3: Show the following verbal expressions
(a,b,c,d) for two different sets with the appropriate mathematical
symbols and definitions for two different sets of
definitions.(predicate logic)
It is assumed that the first set of definitions is students in the
class and the second set of definitions is all people. How could we
express e option using propositional logic?
a) Some of the students in the class can speak
German.
b) Everyone in the class is friendly.
c) There are those who are not born in California in the
classroom.
d) A student from the class went to the theater.
e) Nobody in the classroom knows object-oriented
programming.
In: Computer Science