Work & Rest is an all inclusive hotel operating as a monopoly in a mid-sized community. The manager estimates that the hotel's total costs are described by the equation C = 0.1Q² + 20Q + 5000, where Q is the number or persons serviced and P is the price paid per person. Although it is located in a mid-sized community, it is close to a major highway that runs along the east coast. Often times, travelers would use the services of Work & Rest as a stop in their commute between two major citys. As such, the market demand for its service is described by the equation P = 170 - 0.2Q.

1. Given the current market conditions, Work & Rest's profit-maximizing quantity is  and the price charged per person is  ( 4 points)

Consider that after a series of reports from special interest groups, the local government decides to regulate Work & Rest by using the optimal pricing policy.

2. Given the successful implementation of the government's policy, Work & Rest's profit-maximizing quantity is  (2 points)

3. Given the successful implementation of the government's policy, what is Work & Rest's profit at its profit maximizing quantity?  (4 points)I

4. If the policy remains in place, and there are no further external shocks to the market, is it likely that West & Rest will continue to operate and provide service? (In the space provided enter will or will not)

In the long run, West & Rest  continue to provide service in this mid-sized community

Work & Rest is an all inclusive hotel operating as a monopoly in a mid-sized community. The manager estimates that the hotel's total costs are described by the equation C = 0.05Q² + 10Q + 15000, where Q is the number or persons serviced and P is the price paid per person. Although it is located in a mid-sized community, it is close to a major highway that runs along the east coast. Often times, travelers would use the services of Work & Rest as a stop in their commute between two major citys. As such, the market demand for its service is described by the equation P = 160 - 0.2Q.

1. Given the current market conditions, Work & Rest's profit-maximizing quantity is Blank 1 and the price charged per person is Blank 2 ( 4 points)

Consider that after a series of reports from special interest groups, the local government decides to regulate Work & Rest by using the optimal pricing policy.

2. Given the successful implementation of the government's policy, Work & Rest's profit-maximizing quantity is Blank 3 (2 points)

3. Given the successful implementation of the government's policy, what is Work & Rest's profit at its profit maximizing quantity? Blank 4 (4 points)I

4. If the policy remains in place, and there are no further external shocks to the market, is it likely that West & Rest will continue to operate and provide service? (In the space provided enter will or will not)

In the long run, West & Rest Blank 5 continue to provide service in this mid-sized community. (2 points)

The Krasnapolski is a top-of-the-line hotel in Amsterdam, the Netherlands. Among their many services, they rent bicycles to guests. The bicycle checkout is open 24 hours per day 7 days per week and has 50 bicycles on hand. On average, 10 guests request a bicycle each day, arriving completely randomly at all times of the day during the spring and summer seasons. Guests keep bicycles for four days on average, with a standard deviation of two days. Remember: any time you see the term "random" associated with the job arrivals it means the coefficient of variation is equal to one; that is, the standard deviation in the time between arrivals is equal to the mean time between arrivals.

How long does a guest on average have to wait for a bike?

1. Approximately 47 minutes

2. Approximately 4 days

3. Approximately 24 hours

4. Approximately 0.033 hours

Herman Swayne is a waiter at the Dixie Hotel. In his first weekly pay in March, he earned $360.00 for the 40 hours he worked. In addition, he reports his tips for February to his employer ($700.00), and the employer withholds the appropriate taxes for the tips from this first pay in March.

Calculate his net take-home pay assuming the employer withheld federal income tax (wage-bracket, married, 2 allowances), social security taxes, and state income tax (2%).

Enter deductions beginning with a minus sign (-).

Click here to access the Wage-Bracket Method Tables.

1-1

Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into a city in the Northeast. She incurs $67,000 of expenses associated with this investigation. Based on the regulatory environment for hotels in the city, she decides not to expand. During the year, she also investigates opening a restaurant that will be part of a national restaurant chain. Her expenses for this are $52,200. She proceeds with opening the restaurant, and it begins operations on May 1.

Determine the amount that Henrietta can deduct in the current year for investigating these two businesses.

In your computations, round the per-month amount to the nearest dollar and use rounded amount in subsequent computations.

a. The deductible amount of investigation expenses related to expansion of her hotel chain into another city: answer :$67000

b. The deductible amount of investigation expenses related to opening a restaurant: $ ???

what is b answer? thank you

1-2

Monty loaned his friend Ned $19,000 three years ago. Ned signed a note and made payments on the loan. Last year, when the remaining balance was $16,150, Ned filed for bankruptcy and notified Monty that he would be unable to pay the balance on the loan. Monty treated the $16,150 as a nonbusiness bad debt. Last year, before considering the tax implications of the nonbusiness bad debt, Monty had capital gains of $6,460 and taxable income of $29,750. During the current year, Ned paid Monty $14,535 in satisfaction of the debt.

Determine Monty's tax treatment for the $14,535 received in the current year.

The nonbusiness bad debt of $16,150 would have been reported as a short-term capital loss , and $ ??? would be included in Monty's gross income this year.

1-1 b answer and 1-2 ??? answer.

Thank you for your help.

It’s the year 1995 and John Smith is staying overnight at a hotel before an important meeting the next morning. He asked the customer service desk to give him a 7 am wake-up call. The probability that he gets the call is 0.9. If he gets the call, the probability that he will arrive for the meeting on time is 0.9. If the call is not given, the probability that he will be on time for the meeting is 0.4.
a) Calculate the probability that John Smith will not arrive on time for the meeting.
b) If John Smith is on time for the meeting, what is the probability that the wake-up call was not made?

Marriott Hotel data breach, explain with a report on it that answers the following question; When and where was the breach? What was the cause of the breach (be specific)? Who was affected? How severe were the effects of the data breach on the individuals affected? Were there other potential effects (e.g. identity theft) that haven't been documented yet? How did the company respond to the breach? Was there anything the company failed to do that would have prevented it? Did the company undertake any actions to prevent this (or similar things) from happening again? Was there a public outcry over the company's response to the breach? How did the company address the public's reaction? What consequences did the company or individuals at the company suffer (firings, legal liabilities, etc.)? What recommendations would you make to prevent a similar breach from occurring?.

The General Manager of The Cougar Hotel would like you to take the balances for 20X7 and

20X8 and;

1.   Prepare a comparative Summary Operating Statement that is in compliance with the USALI 11th Edition (i.e. make sure it is in the correct format, use the template found in the Income Statement module or in the “Other Course Resources” folder).

2.   Once the Summary Operating Statement has been completed, perform a vertical and horizontal analysis of the statement.

THE COUGAR HOTEL 20X7                     20X8

Administrative and General                                                  1,426,678             1,460,830

Beverage Revenue                                                                  1,333,039             1,337,700

Building Wall Rent Received                                                                                  250,000

Cell Tower Rent Received                                                         500,000

Food and Beverage                                                                 3,999,116             4,122,300

Food and Beverage Expenses                                                4,265,724             4,340,000

Gain on Sale of Equipment                                                                                     150,000

Inforamation and Telecommunications Systems                  281,813                267,225

Insurance                                                                                     264,200                285,040

Loss on Sale of Equipment                                                        200,000

Management Fees                                                                     528,399                534,450

Miscellaneous Income                                                               447,213                385,000

Property and Other Taxes                                                          704,532                694,785

Property Operating and Maintenance                                     563,626                623,525

Recreation Department                                                             440,333                450,450

Recreation Department Expenses                                           577,937                567,000

Replacement Reserve                                                            1,409,065             1,425,200

Room Revenue                                                                      10,733,112           10,815,000

Rooms Department Expenses                                               2,992,887             3,010,000

Sales and Marketing                                                               1,268,158             1,371,755

Spa Expenses                                                                               385,291                378,000

Spa Revenue                                                                                660,499                704,550

Utilities                                                                                        792,599                748,230

CHECK FIGURES:

These are totals that you can use to check and see if your math is correct and also check if you have figures placed correctly.

20X7                     20X8

Total Departmental Profit                                                     9,391,473             9,520,000

Gross Operating Profit                                                           5,058,599             5,048,435

EBITDA Less Replacement Reserve                                     2,452,403             2,508,960

The management of an international hotel chain, ABC Suites, intends to set up a system of certification for all their employees. They are focussed on four areas: customer service, proficiency in tools, workplace health and safety and operational profitability. Pick any TWO areas and suggest what contents can be included in each section. All employees will have to be certified in the every section over two years. You may model your answers in the following manner. Level 1 is the beginner to Level 3 highest level). Customer Service Level 1 : --contents here-- Level 2 : --contents here-- Level 3 : --contents here-- Proficiency in Tools Level 1 : Level 2 : Level 3 : (2 marks for each level x 6; 1 mark for providing the name of the certification system)