Oriental Hotel Bhd owned a few hotels in Malaysia. Their hotel in Melaka is set against a picturesque vista of Melaka’s most famous historical landmarks pf Melaka Raya. The location is close to Melaka City Centre with cheerful nightlife and mere minutes from the acclaimed UNESCO World Heritage site. The office management operates in the same hotel building as the hotel services provided to its guest. The company itself manages the hotel except for the laundry services which was transferred to its tenant, Cuci-Cuci Services Sdn. BHd.
Oriental Hotel Bhd take another step forward in its expansion plan with the opening a new hotel in the southern region in Malaysia. On 1 January 20X5, the company acquired a land for RM3,200,000 to construct a 4-star hotel building in Pangerang, Johor. Construction of the hotel building commenced on 1 March 20X5 and it was completed on 31 January 20X7, but was only used on 1 March 20X7.Total construction cost incurred excluding borrowing costs were RM34,000,000. The construction cost also includes the rectification of RM200,000. In order to finance the construction, the company took an 8%, 3 year-term loan of RM30,000,000 on 1 February 20X5. The company received a government grant of RM1,400,000 on 1 February 20X7 for the newly constructed hotel building. It is the company’s policy to use deferred income method for the government grant received.
Required:
Explain the accounting treatment for government grant received and
how will it differ from the alternative method.
In: Accounting
A statistician wishes to determine whether
current unemployment rates differ between Urban and Rural areas of
the United States. A sample of ten states each was randomly chosen
from all 50 states. The data are as follows: Urban:
23%, 13%, 33%, 21%, 17%, 24%, 12%, 18%, 27%, 16% Rural: 12%,
8%, 9%, 14%, 7%, 8%, 10%, 11%, 12%, 7% Are the mean
percentages significantly different? And
what are the degrees of freedom?
a. yes, at p < .05
b. yes, at p < .01
c. yes, at p < .001
d. no, at p > .05
In: Math
What is the most commonly cited measure of inflation in the United States / Canada and explain how it is calculated? Briefly describe the problems that always arise from measuring price levels with a fixed basket of goods and what steps can be taken to counter these problems.
In: Economics
Chapter 1 of the Communist Manifesto by Karl Marx Do you think a proletariat revolution is likely in the United States or other industrialized, capitalist countries? Why or why not? Do you think a proletariat revolution would be a good thing? Why or why not?
In: Economics
In: Economics
Which punctuation marks do you think are most difficult to use correctly? Why? What might you do to help remember the rules for these punctuation marks or to make effective choices about these punctuation marks? United States answer only
In: Operations Management
If the United States Constitution were being drafted today in 2020, do you think all of the Bill of Rights ( First 10 Amendments) would be included? What would be added, taken away or changed and why? Please be specific in your response.
In: Economics
For the United States:
What are some economical ways the government can strengthen the housing market in 2018? (Cite sources if possible)
What are some economical ways the government can solve health care costs and problems in 2018? (Cite sources if possible)
In: Economics
How will health reform affect the health care workforce?
What has been the traditional approach in the United States to the health workforce education system? What are the shortcomings in this approach?
How can reimbursement policy improve the supply of primary care? Explain.
In: Nursing
Federal budget deficits have been increasing since the 1970s and this could eventually affect the ability of the United States to meet its policy commitments. What is the most important step the nation could take to get on a fiscally sustainable path? Explain.
In: Economics