***PYTHON PLEASE***
I'd also like to use decimal to two places when calculating the money $$ values for budget and fee areas.
Thank you!
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Create a Park class. Include the following seven data members:
Name of Park
Location
Type of Park (National, State or Local)
Fee
Number of Employees
Number of visitors reported for the past 12 months
Annual Budget
Write your __init__ class
In addition write four separate instance methods that:
Return a string containing the name of the park, the location and type of park.
Computes the cost per visitor based on annual budget, and the number of visitors during the last 12 months.
Computes the revenue from fees for the past year based on number of visitors and fee.
Prints the values of all of the data members with appropriate labels.
Create a second class to test all aspects of your Park class.
In: Computer Science
Anil is planning a birthday party at an amusement park for his younger daughter and her friends. The manager of the park is considering whether to use uniform pricing or two-part-pricing. Anil's willingness to pay for rides for the party is p = 25 - 0.5Q, where p is the ticket price per ride and Q is the number of rides. The amusement park has a marginal cost of $5 for each additional ride. Its fixed cost for handling the party is $20.
a. Create a spreadsheet with quantity, price, consumer surplus, revenue, marginal revenue, cost, marginal cost, and profit as column headings. Fill in the spreadsheets cells for Q = 5 to Q = 50 in increments of 5 units. If the manager uses uniform pricing, what is the profit maximizing ticket price per ride, the number of rides, and the profit earned by the park?
b. Suppose that the manager uses two-part pricing: an entry fee for the entire party of young girls and price per ride. Calculate the profit-maximizing entry fee if the price per ride is the same as the monopoly price that you determined in part a. Calculate the total profit earned by the park.
c. Now suppose the manager uses two-part-pricing with a per-ride price equal to marginal cost and a profit-maximizing entry fee. Determine the price per ride, the number of rides, and the total profit (including profit from ticket sales and the entry fee) in this case.
In: Economics
A construction company has entered into a contract to build a parking complex. It hsa been estimated the complex will cost 700,000 and will take three years to construct. The complex will be billed to the purchasing company at 1,200,000. Information is as follows.
X1 YEAR. X2 YEAR X3 YEAR
cost incurrect to date 350,000 490,000 700,000
estimated cost yet to be incurrect 350,000. 210,000. 0
customer billings to date 300,000. 650,000 1,200,000
collections of billings to date 250,000. 600,000. 1,200,000
Prepare all journal entries s they realte to percentage of completion contract.
In: Accounting
[The following information applies to the questions
displayed below.]
In 2021, the Westgate Construction Company entered into a contract
to construct a road for Santa Clara County for $10,000,000. The
road was completed in 2023. Information related to the contract is
as follows:
| 2021 | 2022 | 2023 | |||||||
| Cost incurred during the year | $ | 2,100,000 | $ | 2,450,000 | $ | 2,695,000 | |||
| Estimated costs to complete as of year-end | 4,900,000 | 2,450,000 | 0 | ||||||
| Billings during the year | 2,200,000 | 2,350,000 | 5,450,000 | ||||||
| Cash collections during the year | 1,900,000 | 2,300,000 | 5,800,000 | ||||||
Westgate recognizes revenue over time according to percentage of
completion.
2-a. In the journal below, complete the
necessary journal entries for the year 2021 (credit "Various
accounts" for construction costs incurred).
2-b. In the journal below, complete the necessary
journal entries for the year 2022 (credit "Various accounts" for
construction costs incurred).
2-c. In the journal below, complete the necessary
journal entries for the year 2023 (credit "Various accounts" for
construction costs incurred).
Record construction costs.
Record progress billings.
Record cash collections.
Record gross profit (loss).
|
In: Accounting
The mayor of a town has proposed a plan for the construction of an adjoining community. A political study took a sample of 12001200 voters in the town and found that 26%26% of the residents favored construction. Using the data, a political strategist wants to test the claim that the percentage of residents who favor construction is not equal to 29%29%. Testing at the 0.050.05 level, is there enough evidence to support the strategist's claim?
Step 1 of 7:
State the null and alternative hypotheses.
In: Statistics and Probability
An amusement park has estimated the following demand equation for the average park guest
Q=16?2P
Where Q represents the number of rides per guest and P the price per ride. The total cost of providing rides to a guest is
TC=2+0.5Q
If a one-price policy is used, how much should it charge per ride if the park wishes to maximize its profit?
What is the park's profit for each guest?
If a two-part tariff policy is used, what admission fee should the park charge to maximize its profit?
What is the park's profit for each guest?
In: Economics
New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $205 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $55. Use Table 1 in Appendix B. a. What is the probability that a hotel room costs $225 or more per night (to 4 decimals)? b. What is the probability that a hotel room costs less than $143 per night (to 4 decimals)? c. What is the probability that a hotel room costs between $201 and $301 per night (to 4 decimals)? d. What is the cost of the 20% most expensive hotel rooms in New York City? Round up to the next dollar.
In: Statistics and Probability
New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $205 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $53. Use Table 1 in Appendix B.
a. What is the probability that a hotel room costs $224 or more per night (to 4 decimals)?
b. What is the probability that a hotel room costs less than $139 per night (to 4 decimals)?
c. What is the probability that a hotel room costs between $201 and $299 per night (to 4 decimals)?
d. What is the cost of the 20% most expensive hotel rooms in New York City? Round up to the next dollar.
In: Statistics and Probability
|
New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $203 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $56. Use Table 1 in Appendix B. a. What is the probability that a hotel room costs $227 or more per night (to 4 decimals)? b. What is the probability that a hotel room costs less than $139 per night (to 4 decimals)? c. What is the probability that a hotel room costs between $199 and $300 per night (to 4 decimals)? d. What is the cost of the 20% most expensive hotel rooms in New York City? Round up to the next dollar. |
In: Statistics and Probability
Compare two major foreign policy in the US initiatives in the interwar years (1920s and 1930s) with those that arose in the postwar years (WW2) (Late-1940s, 1950s, and 1960s). Please discuss at least two policy details from each era, and defend their importance
In: Economics