In C++

All guests in ABC Hotel are either Elite members (meaning they get a free breakfast) or Standard members (meaning they do not get a free breakfast). They collect points for every stay-Elite members earn 100 points for every day stayed in the hotel (so 2 days would be 200 points) and Standard member earns 50 points for every stay (so 3 days would be 140 points). Once 1000 points are reached, guests get a free stay. Guest details are kept in a file:

Sample input file1: Augustus, E-300,200, eggs//customer name, Membership level (E means elite), item ordered, ID number, points, breakfast choice

Sample input file2: Cyrus, S-100,30,x//customer name, Membership level(S means standard), item ordered, ID number, points, breakfast choice

1.The program should read in the number of points to get a free stay (1000) from the command line. It should continuously read in files of guests until the exit is entered (meaning the user can keep typing in file names-note that you can type in the same file name to open a previous guest).

2.Every time a file is opened, the program should ask how many days the guest is staying and award the appropriate number of points based on the membership level. The new point total should be saved in the file. If they are an elite member, they have the chance to change their breakfast choice.

3.When exiting, a file should be output with the number of guests that got a free stay (meaning their total points were 1000 or greater)

Sample output file:

Augustus had a free stay.

Jane had a free stay.

4.You should make a Hotel class and an abstract Person class. You should also make additional classes as necessary.

Your BANA II professor is going on vacation. He has narrowed down a list of potential hotels, but he is still overwhelmed by the data. He loves great food and wants to do all the activities at the resort. Refer to the attached Excel workbook to complete the following 2 questions: 1. Develop two unique ways to display the data (two unique types of charts) to show him where he should stay. Save the graphs in the Blackboard Midterm Tab. Make sure to label and describe the data in the chart. Be creative and impress your professor. 2. Recommend the best way to present the data. Write a narrative summary of what hotel you recommend based on the data visualization and the tradeoffs that you observe.

Question one:

Briefly explain the following statements:

A) Accounting reporting may improve the allocation of resources in the economy.

B) Natural and physical theories are built on the scientific approach, but we can't depend on it when we set accounting theory.

C) Earning quality is the degree of correlation accounting income and economic income but earning management is the influence on reported income.

D) There is overload problem in accounting standards.

E) When accounting theory set, we should distinction between theorizing and theory construction.

F) Accounting theory solved the expectation gap problems.

G) Expenses and losses are non-revenue- producing cost expirations.

H) There are many measurement techniques used in valuing assets and liabilities which lead to confuse the financial statement stakeholders.

Task: For each of the scenarios below, choose the strategy that you believe should be pursued to achieve the best results, and provide a brief explanation of why you believe this is the best strategy.

Choose from theses 5 Generic Strategies : 1. Low-Cost Provider Strategy 2. Broad Differentiation Strategy 3. Focused Low-Cost Strategy 4. Focused Differentiation Strategy 5. Best-Cost Provider Strategy

Scenarios: 1. A new waterfront development project is beginning in a medium-size city. This project will include moderate to higher-end shopping, restaurants, and hotels. Some of these businesses include: Pottery Barn, Ann Taylor, an Apple Store, Sasha’s Dress Boutique, Apostrophe, Bose, Calvin Klein, Cheesecake Factory, Capital Grille, Maggiano’s, the Marriott, and the Westin. The spaces will include a mixture of national chains, and local businesses. The project and the city have been highlighted in national papers for the expected success of the project and renewed attraction to the city. The Sully Hospitality group is determining if they want to open a boutique hotel in this area. What strategy should Sully adopt to develop the type of boutique hotel would best- fit this project? Provide a brief explanation.

2. A new shopping center is being developed – the main anchors are Wal-Mart and Home Depot. The other parcels will include smaller establishments of fast-food and other convenience category businesses. McDonald’s is interested in this project but has to determine how they would approach this location. The options are: 1. Put a McDonald’s Express inside the Wal-Mart 2. Purchase an out-parcel at the front of the project with high traffic volume and build a traditional McDonald’s 3. Purchase an out-parcel at the front of the project with high traffic volume and build a McCafe Which generic strategy should be McDonald’s use to guide this decision? Based on the generic strategy that you believe is most appropriate for this scenario, which option should McDonald’s choose? Provide a brief explanation.

3. The airline industry has seen various players attempt all of the generic strategies. Given the current state of the airline industry and the main surviving airlines, if a company wanted to get into this industry right now, which strategy would promote the best chances for success? Provide a brief explanation.

4. The top five selling brands of tablets in the world are: 5. Acer, 4. Dell, 3. Sony Vaio, 2. Lenovo, and 1. Apple. A new start-up company wants to break into the tablet market; what generic strategy should they adopt? Provide a brief explanation.

ABC company is considering producing a new range of smartphones that will require it to build a new factory. Feasibility studies have been done on the factory which cost $5 million. The studies have found the following:

1. The factory will cost $25 million and will have a useful life of 20 years.

2. The land where the factory will go is currently used as a carpark for workers and it is assumed that the company will have to pay $200000 per year for their workers to park in a nearby carpark.

3. The factory will be depreciated on a straight line basis and will have a salvage value of $0 but it is believed that most of it can be sold for scrap after 20 years for $50000.

4. Due to the nature of the business they are in, they will have to perform some environmental tests to make sure that some of the chemicals they are using are not entering the ground water around the factory. These tests will be performed every 5 years and cost $625000.

5. Through the building of this factory and the selling of the phones it produces, it’s revenue will increase by $5 million in year 1 and remain at this level for the operational life of the factory.

6. The extra costs that the company accrues per year due to the project are $435000 for labour, $50000 for overhead like power and water bills and marketing costs for the new line of phones will be $500000 per year but will decrease by $15000 per year as the phone gains greater penetration.

7. The company’s current cost of capital is 8% per year.

8. The tax rate is 30%.

9. The project requires an initial investment in working capital of $1000000 that is returned in year 20.

Calculate the break even point for the following variables:

a. The cost of capital.

b. The yearly revenue.

c. The labour cost.

The Elkton Company is considering a new project that requires an initial investment of $24,000,000 to build a new plant and purchase equipment. The investment will be depreciated using the straight line method over 10 years.   The new plant will be built on some of the company's land which has a current, after-tax market value of $5,000,000.  The company will produce widgets at a cost of $130 each and will sell them for $420 each. Annual fixed costs are $500,000.  Sales (in units) are expected to be 150,000 each year for the next 10 years, at which time the project will be abandoned.  At that time, the plant, equipment, and land is expected to be worth $13,400,000 before tax.  The company will need to purchase $1,000,000 worth of inventory & will recapture that investment at the end of the 10^thyear. No other investments in inventory are anticipated.  The cost of capital is 13% and the company's marginal tax rate is 35%.  Pleased do the following:

a)     Based on the NPV Should the project be accepted?

b)     Draft a short memo (paragraph or two) explaining your analysis and recommendation to your supervisor.

The Elkton Company is considering a new project that requires an initial investment of $24,000,000 to build a new plant and purchase equipment. The investment will be depreciated using the straight line method over 10 years.   The new plant will be built on some of the company's land which has a current, after-tax market value of $5,000,000.  The company will produce widgets at a cost of $130 each and will sell them for $420 each. Annual fixed costs are $500,000.  Sales (in units) are expected to be 150,000 each year for the next 10 years, at which time the project will be abandoned.  At that time, the plant, equipment, and land is expected to be worth $13,400,000 before tax.  The company will need to purchase $1,000,000 worth of inventory & will recapture that investment at the end of the 10^thyear. No other investments in inventory are anticipated.  The cost of capital is 13% and the company's marginal tax rate is 35%.  Pleased do the following:

a)     Based on the NPV Should the project be accepted?

b)     Draft a short memo (paragraph or two) explaining your analysis and recommendation to your supervisor.