Questions
Which of the following best illustrates the idea of government failure and why? For each of...

Which of the following best illustrates the idea of government failure and why? For each of the others, indicate why it does not illustrate the idea of government failure, or if you’d need more information to determine if it does and what information you would want to have. Think about this in terms of government action that works against the attainment of efficient policy.

        a.     A new environmental law raises the cost of coal powered energy production.

        b.    Agricultural farm support payments increase acreage planted thus increase fertilizer use and runoff and decrease water quality.

        c.     A local government builds a new park at a cost of $1.7 million.

7.     (4 points) Are the impacts of a program to control automobile pollution progressively or regressively distributed by income levels? Explain in a way that makes it clear what a progressive or regressive distribution of impacts is. Compare to a program to ensure the quality of public water supply systems for household water supply.

In: Economics

One of the major problems with front office accounting at the Royal Crest Hotel is monitoring...

One of the major problems with front office accounting at the Royal Crest Hotel is monitoring guest and non-guest accounts using their manual system. Management has always extended local businesses and government officials charge privileges, the idea being that, with the convenience of deferred payments, local patrons would be more likely to dine and/or host clients at the hotel. This program has proved to be highly successful. The volume of purchases charged to such non-guest accounts now approximates the level of sales incurred by registered guests. Unsure if this is a good or bad situation, Mr. Osei, the front office manager, requests the front office accounting staff to study the problem and to report its findings at next week's front office meeting. At the weekly front office meeting, the hotel's accountant, Ms. Pokua, reports that there are at least three problems related to the hotel's non- guest charge purchasing policies: its impact on the daily hotel audit, the billing procedures to collect payment, and the number of applications for additional non-guest accounts. When asked to be more specific, she begins with a review of the daily hotel audit. She states that since the front office receives charge vouchers from the hotel's revenue centers, it is the front desk agent's responsibility to separate guest from non-guest accounts. Since registered guest charges are posted by room number, one would think it easy to sort those charges from the others. Unfortunately, both the hotel's guest account numbers and the non-guest account numbers are three digits, thereby making the sorting more time-consuming. Mr. Osei asks if it is really necessary to separate the charges. Ms. Pokua explains that it is, since the hotel must maintain accurate guest folio Page 2 of 1 G. N. Baah balances. She further states that the non-guest vouchers are accumulated and posted on Saturday afternoons, when the hotel's business is less hectic. The billing procedures to collect non-guest account balances are tricky, Ms. Pokua said. Since the hotel bills non-guest accounts on the last day of each month, some charges occurring in a particular month may not be posted in time to appear on that month's bill. In addition, non-guest accounts usually are not paid in time. In fact, 47 percent of last month's non-guest account balances remain unpaid and tomorrow is the date of the next billing cycle. Mr. Osei explains that the local customers are important to the hotel and suggests that maybe Ms. Pokua is over-sensitive to the billing problems. Lastly, Ms. Pokua relates the fact that there are at least ten new applications for non-guest accounts. She has instructed her staff not to authorize any new non-guest accounts without her written approval. She further states that she is reluctant to authorize any additional non-guest accounts, and looks to Mr. Osei for advice. Convinced of the positive aspects of such business, Mr. Osei directs her to approve the requests and to assign account numbers effective the first day of next month. Ms. Pokua so instructs her staff. a. What ideas (any two) would you suggest to facilitate a more effective processing of guest and non- guest charge vouchers? b. How might the daily audit be aided by such changes? c. Is the accumulated-postings routine for non-guest accounts an effective plan? Explain your response. d. What could be done to improve the hotel's billing of non-guest accounts? e. What could be done to improve collection of outstanding balances? State any four (4). f. What are the two (2) advantages and two (2) disadvantages to having a high volume of non- guest accounts? NOTE; PLEASE I NEED DIFFERENT ANSWERS.

In: Operations Management

Shamrock Company was incorporated on January 2, 2021, but was unable to begin manufacturing activities until...

Shamrock Company was incorporated on January 2, 2021, but was unable to begin manufacturing activities until July 1, 2021, because new factory facilities were not completed until that date.

The Land and Buildings account reported the following items during 2021.

January 31 Land and buildings

$165,500

February 28 Cost of removal of building

9,885

May 1 Partial payment of new construction

62,670

May 1 Legal fees paid

4,920

June 1 Second payment on new construction

41,500

June 1 Insurance premium

2,280

June 1 Special tax assessment

3,910

June 30 General expenses

38,222

July 1 Final payment on new construction

32,760

December 31 Asset write-up 48,558

410,205

December 31 Depreciation-2021 at 1% (3,970 )
December 31, 2021 Account balance $406,235


The following additional information is to be considered.

1. To acquire land and building, the company paid $85,500 cash and 800 shares of its 8% cumulative preferred stock, par value $100 per share. Fair value of the stock is $110 per share.
2. Cost of removal of old buildings amounted to $9,885, and the demolition company retained all materials of the building.
3. Legal fees covered the following.
Cost of organization

$720

Examination of title covering purchase of land

1,720

Legal work in connection with construction contract

2,480

$4,920

4. Insurance premium covered the building for a 2-year term beginning May 1, 2021.
5. The special tax assessment covered street improvements that are permanent in nature.
6. General expenses covered the following for the period from January 2, 2021, to June 30, 2021.
President’s salary

$34,313

Plant superintendent’s salary-supervision of new building

3,909

$38,222

7. Because of a general increase in construction costs after entering into the building contract, the board of directors increased the value of the building $48,558, believing that such an increase was justified to reflect the current market at the time the building was completed. Retained earnings was credited for this amount.
8. Estimated life of building-50 years.
Depreciation for 2021-1% of asset value (1% of $397,000, or $3,970).

Prepare entries to reflect correct land, buildings, and depreciation accounts at December 31, 2021. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

  

Show the proper presentation of land, buildings, and depreciation on the balance sheet at December 31, 2021. (Round answers to 0 decimal places, e.g. 5,275.)

I keep getting the amounts wrong. I got the right accounts but wrong amounts, not sure what I'm doing wrong

In: Accounting

A commercial hotel typically has A) meeting space, food services, strong weekday demand, and low weekend occupancy.

A commercial hotel typically has

A)

meeting space, food services, strong weekday demand, and low weekend occupancy.

B)

living areas, kitchens, and bedrooms.

C)

larger rooms and very limited meeting and public space.

D)

facilities that cater to vacationers.

In: Operations Management

Moving at its maximum safe speed, an amusement park carousel takes 12 s to complete a...

Moving at its maximum safe speed, an amusement park carousel takes 12 s to complete a revolution. At the end of the ride, it slows down smoothly, taking 3.5 rev to come to a stop. What is the magnitude of the rotational acceleration of the carousel while it is slowing down?

In: Physics

Dr. Pepper, a manufacturer of beverages, is planning to purchase Canada’s Wonderland theme park. Should Dr....

Dr. Pepper, a manufacturer of beverages, is planning to purchase Canada’s Wonderland theme park. Should Dr. Pepper use its own WACC as the discount rate to evaluate the business of Canada’s Wonderland or should it use Canada’s Wonderland’s WACC? Explain your answer

In: Finance

In your opinion, is there a difference in public impact when public employee unions (teachers, government...

In your opinion, is there a difference in public impact when public employee unions (teachers, government workers, etc.) go on strike and when private sector employee unions (electricians, flight attendants, hotel workers, etc.) go on strike? Support your opinion.

In: Economics

The size of the raccoon population at a national park last year was 180.


The size of the raccoon population at a national park last year was 180. This year, the population is 189. If the population increases exponentially, find the population of raccoons in 4 years. Use P = P0ekt where P0 represent the initial population. Round to the nearest whole number.

In: Math

Imagine that patient satisfaction surveys at your hospital criticize overall appearances and attitudes of employees. What...

Imagine that patient satisfaction surveys at your hospital criticize overall appearances and attitudes of employees. What lessons in hospitality might you learn from the hotel industry that would be applicable to your organization, and how would you go about learning these lessons?

In: Operations Management

Which development do you feel was more critical to British success in standing alone during 1940:...

Which development do you feel was more critical to British success in standing alone during 1940: radar or the work at Bletchley Park? Remember to limit your responses to only the standing alone period and not the entire war. Remember to Cite your work!

In: Operations Management