Questions
Exploring a Hotel Franchise technology (Example Hotel 1,000 Seatle). Your job is to complete a very...

Exploring a Hotel Franchise technology (Example Hotel 1,000 Seatle). Your job is to complete a very thorugh detailed report on a hotel that is known for thier use of technology. Imagine you are the consumer and detailed very well eberything the consumer needs to know about that hotel. Breakdown each individual technology that is being used and how its being used to better the performance of the hotel. Why should these consumer consider the hotel that was picked and what are some uses that hotel havn't used that you think would benefit the hotel. Does the hotel have any plans to implement these technology in the future if not how would implement these in the futre. Give a small history lesson on the hotel and why the hotel decided to have technology play such a huge role.

In: Economics

Devos Inc. is building a hotel. It will have 4 kinds of rooms: suites where customers...

Devos Inc. is building a hotel. It will have 4 kinds of rooms: suites where customers can smoke, suites that are non-smoking, budget rooms where the customers can smoke, and budget rooms that are non-smoking. When we build the hotel, we need to plan for how many rooms of each type we should have. The following are requirements for the hotel:

  1. We want to figure out how many rooms of each type to build based on maximizing revenue if we fill up the hotel. We expect to charge $190 for a suite that is non-smoking and $140 for a budget room that is non-smoking. Smoking room customers for both suites and budget rooms will have to pay an additional $20 per night.
  2. We can spend up to $7,500,000 on construction of our hotel. The cost to build a non-smoking budget room is $12,000. The cost to build a non-smoking suite is $15,000. It is $3,000 additional for a smoking room of either type for smoke detectors and sprinklers.
  3. We require that the number of budget rooms be at least 1.5 times the number of suites, but no more than 3 the number of suites.
  4. There needs to be at least 80 suites, but no more than 200.
  5. Industry trends recommend that smoking rooms should be less than 50% of the non-smoking room and in addition, we require our builder gives us at least 4 smoking rooms.

In: Operations Management

Case Study: St Michael St Michael is a manufacturer of toiletry items based near Glasgow, Scotland....

Case Study: St Michael
St Michael is a manufacturer of toiletry items based near Glasgow, Scotland. It has been in business for the past ten years and has built a strong portfolio of customers. Most significantly, they are the sole suppliers of toiletry items such as shower gel, body lotion and shampoo/conditioner to various high end hotel chains throughout the UK.
They have research and development (R&D) and production departments which plan and manage the extraction of flowers and fruits, develop new odor or design and produce the high quality and nice taste gel, lotion and shampoo, etc. Their material is obtained from a series of local plant garden at Glasgow. The three other key materials required for production are their signature plastic bottles, travel pouches and cartons which obtained from the manufacturers in Leeds, England, and the wooden pallets on which the filled cartons are transported. These are produced for the organization by a pallet manufacturer who has established a pallet assembly operation on the organization’s site. In addition to the carton plant and pallet assembly operation, the site at Glasgow includes warehousing and storage facilities and management and administration offices.
The business is structured by various departments. These are Senior Management, Production, Transport and Warehousing, Sales and Marketing, Research and Development (R&D), Accounts and General Administration. Each department is headed by a departmental head who sits on the organization’s management board.
St Michael does not have its own delivery fleet, but contracts this function to a local haulier, who provides, as required, manned tractor units and curtain-sided trailers to transport the carton items direct to customers and also to collect and transport the new signature cartons from the supplier in Leeds. Neither St Michael nor the haulier has any experience of using containerization.
St Michael dispatches an average of 1000 pallets per week, which is almost 100,000 cartons. This carton pallet quantity requires between 10 and 15 trailers depending on loading levels.
They have currently been approached by one of their major customers, Crown Plaza Hotels, with a view to the hotel chain using St Michael toiletry items exclusively in their hotel chains outsides the UK. Crown Plaza Hotels operate in Canada, South Africa, Dubai, Hong Kong, Singapore and Malaysia, Australia and New Zealand.
Crown Plaza Hotels have accepted that introducing the product to their hotels will need to be phased in and happy to place the toiletry items in their Canadian hotels for a period of a year initially, and begin gradually introducing it in their hotels at all the other locations after this. They want all their hotel chains to be using St Michael toiletry items within three years.
By accepting this contract the organization would initially need to increase production by approximately 50%. Senior Management have agreed that this is possible. Eventually, when all the international locations are being served, the St Michael will have to had a increase production fivefold (500%).
The Production Department has discussed this scenarios with their bottle, pouch, carton and pallet suppliers. There is no issue with the pallet supplier increasing its delivery amounts, but the plastic bottle pouch and carton producer is running at full capacity and is unable to increase production. The Organization’s R&D department has identified a plastic bottle, travel pouch and carton manufacturer near Rome, Italy, who can supply exactly the same bottle, pouches and cartons in sufficient quantities and at an attractive cost.
The local haulier indicates that they are able to supply transport to and from UK dispatch and collection points, but are not prepared to run their fleet outside the UK. The Organization now requires to develop its ability to deliver the Crown Plaza Hotel Canadian contract and eventually the contract for the other international locations. There is no problem in increasing production and there is sufficient storage and warehousing space on their existing site. It is also relatively easy to appoint new staff with the required skills and experience to the Organization’s existing departments should this be needed.
However, the Organization has no experience of trading internationally and they need to address this.
To do this they have agreed to:
1. Establish an International Trade Department
2. Appoint a Physical Resource Manager to head this department
The board of management are considering appoint you as Physical Resource Manager. To ascertain your suitability for the role you have been asked to produce a report of approximately 1000 words which covers the following assignment.
1. Explain the various tasks which would come under your remit as Physical Resource Manager.
2. Explain how the International Trade Department would be structures and how this would benefit St Michael over a structure that did not include this department.
3. Describe the links that would operate between the International Trade Department and other departments within the organization.
4. Describe the links the International Trade Department would have with external integrating bodies and why these would exist.

In: Economics

Springfield Acting Co. is a professional actor training group that trains stage actors and is headquartered...

Springfield Acting Co. is a professional actor training group that trains stage actors and is headquartered in Los Angeles. The CEO of the company, Milhouse Van Houton, is considering expanding and opening an office in New York City but he just received an interesting business opportunity in the San Francisco area to partner with a movie production company located there. Milhouse knows he can only accept one of these opportunities at the current time. He has already purchased his non-refundable ticket to New York, but his hotel reservation is still cancelable. The cost of each trip is outlined below.

Cost of New York trip

Cost of SanFran trip

Airfare

$525

Mileage

$250

Meals

$200

Meals

$300

Hotel

$650

Hotel

$500

Taxis

$100

Required:

  1. What are the relevant costs of each trip?
  2. What is the incremental cost?
  3. Without considering qualitative factors (thus use numbers to analyze), which alternative should Milhouse choose? Why?
  4. What are two qualitative factors that Milhouse might consider?

In: Accounting

Case 2 (Special Order) While Jurassic World is filled to capacity with tourists most of the...

Case 2 (Special Order)

While Jurassic World is filled to capacity with tourists most of the year, the theme park experiences a lower number of customers during September and October. This is due to the fact that September and October are “rainy season” in Jurassic World’s location—the island of Isla Nublar, off the coast of Costa Rica.

To celebrate their sponsorship of the Pepsisaurus and the Tostidodon, PepsiCo is interested in holding a 3-day, 2-night corporate retreat for 5,000 of its employees at Jurassic world during September. PepsiCo has told Claire that they would pay Jurassic World $200 per employee. This would provide each employee with three days of park admission, three days of meal and drink vouchers, and two nights of lodging. Additionally, PepsiCo wants Jurassic World to treat its employees to behind-the-scenes tours of the park, which would cost a total of $50,000 to plan and facilitate. Due to the timing of the retreat, Jurassic World has ample capacity to host PepsiCo’s employees.

Claire knows that Jurassic World normally charges $850 per person for a 3-day, 2-night admission, lodging, and meal/drink vacation package. The per person cost for this package is 670, as shown below:

Per Person

Food and drink

$95

Direct labor

30

Overhead

545

Most of the overhead is the fixed cost of running the theme park, and goes towards marketing, administration, dinosaur bioengineering, customer service, grounds keeping and maintenance, dinosaur food, raptor training, and disaster control. However, $35 is variable with respect to the number of customers in the theme park.

4. Determine the incremental revenue to Jurassic World if Claire accepts PepsiCo’s request. (1 point for the correct answer in the shaded box)

Total incremental revenue=

5. Determine the incremental cost to Jurassic World if Claire accepts PepsiCo’s request. (1 point for the correct answer in the shaded box)

Cost Label

Cost Per Employee

Total Cost

Total incremental cost =

6. Should Claire accept PepsiCo’s offer? Circle One. (1 point for the correct answer)

YES                                     NO

In: Accounting

CCJ4014 Criminological theory class. Two Biscayne Park cops plead guilty to framing black teen Based on...

CCJ4014 Criminological theory class. Two Biscayne Park cops plead guilty to framing black teen Based on the theories you have learnt, write a two-page (double spaced) paper on the case provided to you. This assignment is built upon the theories you learnt in Module 1. It will help you evaluate your knowledge of the concepts you are expected to have learnt at the end of this module. It will help you describe theories and apply them to real life situations. Your paper should discuss the elements of crime and recognize the origins of criminal behavior depicted in this case. Using two different views of crime and two different explanations of crime in the context of different criminological schools of thought, explain the crime that Fresen (the offender) committed

In: Psychology

CREATE TABLE Hotel ( roomNumber     INTEGER         PRIMARY KEY, type                  CHAR(1

CREATE TABLE Hotel

(

roomNumber     INTEGER         PRIMARY KEY,

type                  CHAR(10)         NOT NULL,

rate                   INTEGER         NOT NULL,

--

CONSTRAINT IC1 CHECK (type IN ('suite', 'king', 'queen')),

CONSTRAINT IC2 CHECK (type <> 'suite' OR rate > 200),

CONSTRAINT IC3 CHECK (NOT (type = 'king' AND (rate < 80 OR rate > 220))),

CONSTRAINT IC4 CHECK (NOT (type = 'queen' AND rate >= 100))

);

which 8 of these inserts will be rejected only 8 are rejected

1.

INSERT INTO Hotel VALUES (21, 'king', 90);

2.

INSERT INTO Hotel VALUES (42, 'suite', 230);

3.

INSERT INTO Hotel VALUES (52, 'suite', 200);

4.

INSERT INTO Hotel VALUES (40, 'queen', 230);

5.

INSERT INTO Hotel VALUES (31, 'king', 50);

6.

INSERT INTO Hotel VALUES (30, 'queen', 50);

7.

INSERT INTO Hotel VALUES (22, 'suite', 90);

8.

INSERT INTO Hotel VALUES (10, 'queen', 210);

9.

INSERT INTO Hotel VALUES (20, 'queen', 90);

10.

INSERT INTO Hotel VALUES (51, 'king', 220);

11.

INSERT INTO Hotel VALUES (41, 'king', 230);

12.

INSERT INTO Hotel VALUES (32, 'suite', 50);

13.

INSERT INTO Hotel VALUES (11, 'king', 210);

14.

INSERT INTO Hotel VALUES (12, 'suite', 210);

15.

INSERT INTO Hotel VALUES (50, 'queen', 100);

In: Computer Science

Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....

Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow:

Basic Dominator Total
Units produced 1,180 390 1,570
Machine-hours 3,100 2,900 6,000
Direct labor-hours 2,200 2,100 4,300
Direct materials costs $ 18,000 $ 5,750 $ 23,750
Direct labor costs 63,000 47,000 110,000
Manufacturing overhead costs 187,810
Total costs $ 321,560


Tiger Furnishings’s CFO believes that a two-stage cost allocation system would give managers better cost information. She asks the company’s cost accountant to analyze the accounts and assign overhead costs to two pools: overhead related to direct labor cost and overhead related to machine-hours.

The analysis of overhead accounts by the cost accountant follows:

Manufacturing Overhead Overhead
Estimate
Cost Pool Assignment
Utilities $ 1,500 Machine-hour related
Supplies 4,300 Direct labor cost related
Training 8,600 Direct labor cost related
Supervision 25,800 Direct labor cost related
Machine depreciation 27,000 Machine-hour related
Plant depreciation 19,500 Machine-hour related
Miscellaneous 101,110 Direct labor cost related


Required:

b. Compute the product costs per unit assuming that Tiger Furnishings uses direct labor costs and machine-hours to allocate overhead to the products. (Do not round intermediate calculations. Round your final answers to the nearest whole number.)

Basic Dominator Total
Product Costing      
Direct material
Direct labor
Overhead
Machine-related
Labor-related
Total overhead $0 $0 $0
Total cost $0 $0 $0
Units produced
Unit cost

In: Accounting

A single community is comprised of just three voters i = {1, 2, 3}, each of...

  1. A single community is comprised of just three voters i = {1, 2, 3}, each of whom have differing tastes for public parks, as described by the following three demand functions.

q1 = 100 – 2p

q2 = 110 – 2p

q3 = 126 – 2p  

(a)        Public parks are a local public good. Assuming that the marginal cost to society,

mcs, of providing each unit of park space is $90, what is the socially optimal quantity of parks? Provide a graph with your answer. Please show all of your work. 3pt

(b)        Assume that the price tag for each unit of park is split evenly across the community

members so that the marginal cost to each member is just $30. At this price, what is

each member’s optimal quantity of park space? Is there unanimity across the three individuals regarding the desired level of park space? 3pt

(c)        Using Lindahl pricing (aka Lindahl taxing), what price schedule would guarantee unanimous agreement across all three members and would also yield a socially optimal outcome? Please show your work. 3pt

  1. Please refer back to Q1 when answering the following questions.

(a)        Draw each individual’s demand curve for park space. Then calculate each person’s

consumer surplus at each of the three optimal quantities. Please show your work. 3pt

                        Hint: remember that each person must pay $30 per unit of park space consumed.

(b)        Using the consumer surplus calculations from Q2(a), fill in the following table by

assigning a rank to each person’s park space options. 3pt    

                       

Rank

i = 1

i = 2

i = 3

1st

2nd

3rd

(c)        In a political environment with direct democracy through majority rule, which of the

three park space alternatives will consistently win a series of pair-wise votes? 3pt

d) Is the winning option aligned with what would be predicted by the median voter

            theorem? Is this outcome socially optimal? Explain why or why not. 3pt  

In: Economics

You have been appointed as the Finance Manager of Shangpuri Hotel Bhd. As a finance manager,...

You have been appointed as the Finance Manager of Shangpuri Hotel Bhd. As a finance manager, you are evaluating Project PJ10B, an investment project, and TWO (2) other additional projects namely Project Bee and Project Cee. You are required to deliver a comprehensive report explaining the application of numerous financial practices for valuing investment projects for the board of directors’ strategic decision. Your finance department has forecasted cash flows to assess the viability of Project PJ10B, Project Bee, and Project Cee incorporating risk into the calculations.

Additional information:

1. Current dividend for Shangpuri Hotel Bhd’s ordinary stock is RM2.50 and dividend growth rate is 6%.

2. Shangpuri Hotel Bhd is planning to issue new ordinary stock at RM50 with a flotation cost of 9%.

3. The company’s bond is paying a 6% coupon payment. Corporate tax stood at 30%.

4. Shangri Hotel Bhd’s capital structure comprising of 40% debt and 60% common stock.

Information related to Project PJ10B

The cost of this investment is RM1,200,000.

The investment is estimated to effectively contribute for 3 years. Ignore the residual value.

Depreciation for the Project PJ10B is subject to a straight-line method.

Further, yearly cash inflow is estimated at $900,000 and cash outflow RM400,000 per year. Cash inflow and outflow in entitle for tax benefit.

Finance department estimates discount factor at 7.0%.

Information related to Project Bee

1. Cost of this investment is RM120,000

2. Finance department estimates discount factor at 8.0%.

3. Ignore tax and depreciation.

Economy

Probability

Cash Flow

Good

0.30

RM20,000.00

Normal

0.50

RM30,000.00

Bad

0.20

RM40,000.00

Information related to Project Cee

1. Cost of this investment is RM120,000

2. Finance department estimates discount factor at 8.0%.

3. Ignore tax and depreciation.

Economy

Probability

Cash Flow

Good

0.30

RM50,000.00

Normal

0.50

RM30,000.00

Bad

0.20

RM20,000.00

Required:

QUESTION 1

a. Calculate the cost of new ordinary stock for Shangpuri Hotel Bhd. The current dividend for the ordinary stock is $2.50 and the dividend is expected to grow at 6%.

b. Explain THREE (3) advantages and THREE (3) disadvantages of equity financing.

c. Calculate cost of debt for Shangpuri Hotel Bhd

d. Explain THREE (3) advantage and THREE (3) disadvantages of debt financing.

e. Calculate the weighted average cost of capital for the company

f. Explain FIVE (5) uses of WACC.

QUESTION 2

a. Calculate NPV for Project PJ10B based on discount factor of Shangpuri Hotel Bhd.

b. Calculate NPV for Project PJ10B based on WACC of Shangpuri Hotel Bhd.

c. Calculate IRR for Project PJ10B

d. Explain FIVE (5) conflicts between NPV and IRR

QUESTION 3

a. Calculate expected Annual Cash flow from Project Bee

b. Calculate expected Annual Cash flow from Project Cee

c. Calculate NPV and IRR from Project Bee assuming discount factor stood at 8% & Project Bee’s life span is 6 years.

d. Calculate NPV and IRR from Project Cee assuming discount factor stood at 8% & Project Cee’s life span is 6 years.

QUESTION 4

a. Provide overall recommendation to Shangpuri Hotel Bhd Board of Directors on the viability of

             i. Project PJ10B.

ii. Project Bee.

iii. Project Cee.

(15 marks

b. Prepare an executive summary

In: Finance