Assume you have found a USB memory stick in a car park, and you plugged the USB memory stick to your computer. Answer the following questions

1.  What are the security key objectives that could be threaten?

2.  Identify and define three types of malware, and give examples about how could they transported from the USB memory stick to your computer.

3.   What could you do to mitigate the security threats and use the contents of the USB memory stick safely?

For each of the following scenarios, begin by assuming that all demand factors are set to their original values and Big Winner is charging $300 per room per night.

If average household income increases by 20%, from $50,000 to $60,000 per year, the quantity of rooms demanded at the Big Winner (falls OR rises) from (..........) rooms per night to (.........) rooms per night. Therefore, the income elasticity of demand is ( positive OR negative ) , meaning that hotel rooms at the Big Winner are ( an inferior good OR an normal good)  

If the price of an airline ticket from SFO to LAS were to increase by 10%, from $200 to $220 roundtrip, while all other demand factors remain at their initial values, the quantity of rooms demanded at the Big Winner (falls OR rises)   from (..........) rooms per night to (.........) rooms per night. Because the cross-price elasticity of demand is ( positive OR negative ) , hotel rooms at the Big Winner and airline trips between SFO and LAS are ( substitutes OR complement ).

Big Winner is debating decreasing the price of its rooms to $275 per night. Under the initial demand conditions, you can see that this would cause its total revenue to ( decrease OR increase ) Decreasing the price will always have this effect on revenue when Big Winner is operating on the ( elastic OR inelastic ).

About Hotel Legislation

1.“An innkeeper has a duty to provide goods and services in a non-discriminatory manner. An innkeeper should also be an equal opportunity employer.”

-What does this statement mean? Give three examples where discriminatory practices occur in the hotel industry.

2.“The Innkeepers Act 1952 protects innkeepers against petty or non-genuine complaints from guests.”

-Analyze this statement with three examples.

3.“An innkeeper can exclude liability for the loss or damage of a guest’s property, regardless of the value of that property.”

-With reference to the relevant statute, identify three measures that an innkeeper can take as regards the handling of guests’ properties.

4. “Under section 4 of the Innkeepers Act 1952, an innkeeper’s liability for the loss or damage of a guest’s property does not exceed RM500. However, there are exceptions.”

-Identify two situations where an innkeeper’s liability for the loss or damage of a guest’s property may exceed RM500.

5. “A foodservice provider can be liable to customers in tort law.”

-Discuss a foodservice provider’s potential liabilities in tort law with three case law examples.

6. “The Food Act 1983 imposes various responsibilities on a foodservice provider. Failure to comply with the Act can result in fine or imprisonment.”

-Analyze two sections of the Act that impose duties on a foodservice provider.

I want you to apply the concepts we have discussed in class in a fun way. I do hope you will enjoy this exercise. Once upon a time, there was an amazing group of students who lived in Cronfwoman OneFiveOne. Right next to their house, was a hotel and within that hotel was a café called Café Bastel. The amazing students were approached by an investor, Ms Finn Ance Major, who asked for their help. The investor was contemplating buying Café Bastel for $1 million and wondered if that was a good investment. What is your recommendation to Ms Finn Ance Major? Here is some information to get you started:

1. The café sells (non‐alcoholic) beverages as well as snacks and lunch

2. The café is open for 7 days, from 7am to 7pm

3. At any point in time, there are 2 employees working in the café

4. The investment horizon is 10 years 5. Use a discount rate of 12%

6. Use a tax rate of 35% You will need to make assumptions (capex, working capital…..).

There is no “right” answer – first think about the big picture (strategy, marketing, ….) and then how that story translates into your assumptions. You will be graded based on the structure of your analysis, the consistency and realism of your assumptions, your creativity, and your use of the tools/learnings from class.

Diana Cohen received the following revenue during the year (she uses the cash method of accounting). Consulting revenue reported to her on a Form 1099-MISC, Box 7 High-end Retail $32,000 Jensen’s Health Products $8,500 Strategic Solutions $3,750 Board of director compensation reported to her on a Form 1099-MISC, Box 7 Natural Sunshine, Inc. $6,500

During the year, Diana paid the following business expenses: Consultant-related: Airfare $2,900 Hotel $1,450 Meals $390 Parking $320 Diana drove 290 business miles for her consulting-related activities (she has documentation to verify) Board of Director-related: Meals $125 Hotel $225 Diana drove 315 business miles for her board of director activities (she has documentation to verify) Neither of Diana’s business activities required the filing of Form(s) 1099 to report payments she made during the tax year. In addition, Ms. Cohen drove a 2014 Lexus purchased on January 1, 2014 for all her business mileage. She drove the vehicle a total of 10,605 miles during the year for all purposes. Diana has written documentation to support the mileage amounts. She also has access to another vehicle for personal purposes.

Melissa recently paid $610 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $385 fee to register for the conference, $335 per night for three nights’ lodging, $300 for meals, and $175 for cab fare.

a. What amount of the travel costs can Melissa deduct as business expenses?

b. Suppose that while Melissa was on the coast, she also spent two days sightseeing the national parks in the area. To do the sightseeing, she paid $1,660 for transportation, $910 for lodging, and $375 for meals during this part of her trip, which she considers personal in nature. What amount of the travel costs can Melissa deduct as business expenses?

c. Suppose that Melissa’s permanent residence and business was located in San Francisco. She attended the conference in San Francisco and paid $385 for the registration fee. She drove 75 miles over the course of three days and paid $170 for parking at the conference hotel. In addition, she spent $475 for breakfast and dinner over the three days of the conference. She bought breakfast on the way to the conference hotel and she bought dinner on her way home each night from the conference. What amount of these costs can Melissa deduct as business expenses?

(Practical magnetism) As we will see in lab, the magnitude ?? of the magnetic field of a permanent magnet drops with distance d so that ?? ∝ 1/? 2 when d is less than the size of the magnet (where you “feel” only the closest pole) but ?? ∝ 1/? 3 farther away (where both poles “blur together” and the field is weaker). (a) Could a coin-sized magnet in your wallet or purse erase the magnetic strip on your credit card or hotel room key? Suppose the magnet is 2 mm thick, and measure d from its center. Consider both a fridge magnet (?? = 5 mT at the surface) and a neodymium coin magnet (?? = 1 T at the surface). To erase a magnetic strip requires 4000 G for a “high-coercivity” (“HiCo”) card such as a credit card, but only 300 G for a “low-coercivity” (“LoCo”) card such as a hotel room key. (b) If so, how far apart should you keep them? (c) Could wearing a “magnetic stone” (with field strength comparable to a fridge magnet) affect your health? To answer this, ask yourself whether people’s health is affected by the Earth’s magnetic field, of strength about 0.2 G? At what distance from the stone do you experience this same field strength?

This problem has several parts journalizing adjusting entries, preparing a ledger using T accounts, adjusted trial balance, income statement, retained earnings statement, classifed balance sheet and determine which accounts to close at end of the month. HELP!!!!

The Pharoah Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31.

Other data:

8. The Smart CPA firm held an End of Tax Season party. The company expected attendance of 75 people and prepared the following budget:

Hotel room rental $600
Food 1,000
Entertainment 750
Decorations 250
Total Costs $2,600

Seventy five people attended the party. The following costs were incurred:

Hotel room rental $600
Food 1,150
Entertainment 750
Decorations 350
Total Costs $2,850

What is the variance for total costs?
A) $300 Unfavorable
B) $300 Favorable
C) $250 Favorable
D) $250 Unfavorable

9. The various stages through which a product passes are called the ________.
A) product life cycle
B) value chain
C) performance plan
D) product performance plan

10. Research and development is the function of a value chain that involves ________.
A) the detailed design and engineering of products, services or processes
B) the generation of ideas related to new products only
C) the generation of ideas related to new products, services or processes
D) the detailed design and engineering of new processes

11. Which of the following is a major factor causing changes in management accounting today?
A) additional value chain functions
B) small advances in technology
C) increased global competition
D) shift to manufacturing-based economy