The food and beverage department and its housekeeping counterpart employ the vast majority of the employees in a full-service hotel. These departments are very labor-intensive because it is not practical to use technology to replace human workers in these areas. To what extent do you think technology will replace employees in the food and beverage department in the future? Why?
In: Operations Management
In the list below tell me whether it’s a private good, public good, common resources or club resources. Explain.
Fish in Beaverkill stream in Roscoe NY
NYC Central Park
NYC water from the Catskill Mountains
Basic research on cancer drug
Radio broadcasting system
Cable television signals
In: Economics
Please answer each question in 350-500 words.
How have you observed/experienced diversity in the work place(Marriott Hotel)? This can be co-worker to co-worker, co-worker to guest, etc. These different groups include male/female, ages, sexual orientation, race, socioeconomic status, etc.
In: Operations Management
The SB Construction Company has two divisions. The president, Su, manages the roofing division. Su has delegated authority and responsibility for management of the modular manufacturing division to Jon Gee. The company has a competent accounting staff and a full-time internal auditor. Unlike Su, however, Gee and his secretary handle all the bids for manufacturing jobs, purchase all the materials without competitive bids, control the physical inventory of materials, contract for shipping, supervise the construction work, bill the customers, approve all bid changes, and collect the payment from customers. With Su’s tacit approval, Gee has asked the internal auditor not to interfere with his busy schedule.
Required:
a. Discuss the internal control in this fact situation and identify fraud risks that could arise.
b. Assume you are the independent external auditor of SB. Explain your responsibilities to report on this situation to SB’s management and board of directors.
In: Accounting
GSE provides consulting services throughout the mid-Atlantic region and uses a job-order costing system to accumulate the costs of client projects. Traceable costs are charged directly to individual clients, in contrast, other costs incurred by GSE, but not identifiable with specific clients, are charged to jobs by using a predetermined overhead application rate. Clients are billed for directly chargeable costs, overhead, and a markup.
GSE's controller, Brianna Crozer, anticipates the following costs for 2017:
| Cost | Percentage of Cost Directly Traceable to Clients | |
| Professional Staff Salaries | 3,750,000 | 80% |
| Administrative Support Staff | 450,000 | 60% |
| Photocopying | 75,000 | 90% |
| Travel | 375,000 | 90% |
| Other Operating Costs | 150,000 | 50% |
| Total | 4,800,000 |
The firm's partners desire to make a $960,000 profit for the firm and plan to add a percentage markup on total cost to achieve that figure for 2017.
On February 6, 2017, GSE completed work work on a project for dominion Products Corporation. The following costs were incurred: professional staff salaries, $61,500; administrative support staff, $3,900; photocopying, $750; travel, $6,750; and other operating costs, $2,100.
Required:
1) Determine GSE's total traceable costs for 2017 and the firm's total anticipated overhead
2) Calculate the predeteremined overhead rate. The rate is based on total costs traceable to client jobs.
3) What percentage of cost will the firm add to each job to achieve its profit target?
In: Accounting
1. Angelo uses the equity method to account for its investment in Fischer on January 1. On the date of acquisition, Fischer’s land and buildings were undervalued on its balance sheet. During the year following the acquisition, how do these excesses of fair values over book values affect Angelo's Equity Income from Fischer?
a. Building, Decrease; Land, No Effect
b. Building, Decrease; Land, Decrease
c. Building, Increase; Land, Increase
d. Building, Increase; Land, No Effect
2. On January 2, 2020, Campbell, Inc. purchased a 20% interest in Renner Corp. for $2,000,000 cash. During 2020, Renner's net income was $2,500,000 and it paid dividends of $750,000.
Equity Investment balance should Campbell report at December 31, 2020?
a. $2,500,000
b. $ 500,000
c. $2,350,000
d. $2,150,000
3. On December 31, 2020, Park Inc. paid $500,000 for all of the common stock of Smith Corp. On that date, Smith had assets and liabilities with book values of $400,000 and $100,000; and fair values of $450,000 and $125,000, respectively.
What amount of goodwill will be reported on the December 31, 2020 balance sheet?
a. $ 50,000
b. $100,000
c. $200,000
d. $175,000
4. Francis, Inc. acquired 40% of Park's voting stock on January 1, 2020 for $420,000. During 2020, Park earned $120,000 and paid dividends of $60,000. During 2021, Park earned $160,000 and paid dividends of $50,000 on April 1 and $40,000 on December 1. On July 1, 2021, Francis sold half of its stock in Park for $275,000 cash.
The Equity Investment balance at December 31, 2020 is:
a. $420,000
b. $444,000
c. $408,000
d. $492,000
5. On January 1, 2020, Cracker Co. purchased 40% of Dallas Corp.'s common stock at book value of net assets. The balance in Cracker's Equity Investment account was $820,000 at December 31, 2020. Dallas reported net income of $500,000 for the year ended December 31, 2020, and paid dividends totaling $150,000 during 2020.
How much did Cracker pay for its 40% interest in Dallas?
a. $680,000
b. $500,000
c. $560,000
d. $760,000
In: Accounting
● The Faculty & Staff parking permit allows a car to park in YELLOW and GREEN slots. User
can purchase multiple Faculty & Staffparking permit.
● The Student parking permit allows a car to park in GREEN slots. User can purchase multiple
student parking permit.
● The Resident parking permit allows a car to park in ORANGE and GREEN slots. User can add
a premium package to this kind of permit that allows one of user’s friend to share this permit, but
each user can only purchase one Resident parking permit.
● The Visitor parking permit allows a car to park in ORANGE, YELLOW and GREEN slots.
The permit is only valid for one day and user can only purchase one Visitor parking permit.
User can purchase more than one type of ticket at a time, as many Faculty & Staff and student as
they choose.
Your goal is to write a program that sells the permits and using the existing functions in
hw4a.cpp.
//---------------------------------------------------------------------------
// This is the main program that you need to write
//---------------------------------------------------------------------------
int main ()
{
// Variable Declarations
char Choice = '\0'; // what the user enters
int NumPermits = 0; // how many permits they want to buy
int TotalPermits = 0; // total number of permit sold so far
float Price = 0.0; // the price of one set of permit
float TotalPrice = 0.0; // the total price of all permits
char ExitChoice = 'N'; //whether or not the user wants to exit
// Print your name and ID
cout << "Name: \n"
<<"ID: \n\n";
// Loop until the user is done
// Print the main menu describing the tickets offered
// Ask the user type what permit they want to purchase next
// If the user selects Faculty&Staff parking permit calculate the price of tickets
// If the user selects Student parking permit be sure to note the reference parameters
// If the user selects Resident parking permit, ask if they want the premium package
// If the user selected visitor parking permit, make sure they decided to order them
// Add the permit price to a running total
//Add the number of permits to a running total
// Ask if they want to continue (Y or N)
// When the loop is done
// Print out the total number of permits sold, and the amount of all the permits, with a $.
return 0;
}In: Computer Science
The following information is available for Park Valley Spa for
July Year 1:
| BANK STATEMENT STATE BANK BOLTA VISTA, NV 10001 |
||||||||||
| Park Valley Spa 10 Main Street Bolta Vista, NV 10001 |
Account number 12-4567 July 31, Year 1 |
|||||||||
| Beginning balance 6/30/Year 1 | $ | 9,770 | ||||||||
| Total deposits and other credits | 29,805 | |||||||||
| Total checks and other debits | 22,513 | |||||||||
| Ending balance 7/31/Year 1 | 17,062 | |||||||||
| Checks and Debits | Deposits and Credits | |||||||||
| Check No. | Amount | Date | Amount | |||||||
| 2350 | $ | 3,768 | July | 1 | $ | 1,104 | ||||
| 2351 | 1,641 | July | 10 | 6,495 | ||||||
| 2352 | 8,000 | July | 15 | 4,927 | ||||||
| 2354 | 1,397 | July | 21 | 6,177 | ||||||
| 2355 | 6,189 | July | 26 | 5,964 | ||||||
| 2357 | 1,502 | July | 30 | 2,085 | ||||||
| DM | 16 | CM | 3,053 | |||||||
The following is a list of checks and deposits recorded on the
books of the Park Valley Spa for July Year 1:
| Date | Check No. | Amount of Check |
Date | Amount of Deposit |
|||||||
| July | 2 | 2351 | $ | 1,641 | July | 8 | $ | 6,495 | |||
| July | 4 | 2352 | 8,000 | July | 14 | 4,927 | |||||
| July | 10 | 2353 | 2,898 | July | 21 | 6,177 | |||||
| July | 10 | 2354 | 1,397 | July | 26 | 5,964 | |||||
| July | 15 | 2355 | 6,189 | July | 29 | 2,085 | |||||
| July | 20 | 2356 | 72 | July | 30 | 3,548 | |||||
| July | 22 | 2357 | 1,502 | ||||||||
Other Information
Required
a. Prepare the bank reconciliation for Park Valley
Spa at the end of July.
b. Record in general journal form any necessary
entries to the Cash account to adjust it to the true cash
balance.
A. record the collection of notes recievable
| event | general journal | debit | credit |
| 1 | |||
B. record cash paid for office supplies expenses
| event | general journal | debit | credit |
| 2 | |||
In: Accounting
Kamet is an investment fund that invests on the Ghana Stock Exchange. In recent times the economy has gone through four different cycles which analyst believe may be repeated in the years ahead. Kamet is reviewing its investment strategy and is looking for the best way to make good returns for its clients. The returns on three assets selected by Kamet are provided below: Business Cycle Probability Unilever Starwin Anglogold Normal 0.30 40% 40% 30% Boom 0.40 20% 45% 40% Near Recession 0.10 20% 30% 15% Recession ??? 12% 50% 30% You are required to: Compute the expected return and risk of each asset and advise Kamet as to which asset to invest more funds in on the basis of: expected return on the assets riskiness of the assets (Hint: compute the coefficient of variation of each asset and select the asset with the lowest coefficient of variation; CV= δ/(E(R))) Kamet has just informed you of three strategies (a), (b) and (c) that it wants to use. In this strategy, Kamet will invest in the order of expected return hence the highest proportion of its funds is to be invested starting from the asset that yields the highest expected return irrespective of the risk level. The order is as follows: Assets 1st Measured by Return 2nd Measured by Return 3rd Measured by Return Percentage of funds invested 45% 35% 20% (b). In this strategy, Kamet will invest in the order of riskiness of the assets hence the highest proportion of its funds is to be invested starting from the assets with the lowest risk irrespective of the expected return. The order is as follows. Assets 1st Measured by Risk 2nd Measured by Risk 3rd Measured by Risk Percentage of funds invested 50% 30% 20% (c). In this strategy, Kamet will invest in the order shown below Assets Unilever Starwin Anglogold Percentage of funds invested 30% 30% 40% Compute the portfolio expected return for each of the strategies (a), (b), and (c) and advise Kamet as to the best strategy to select on the basis of the expected return you have computed.
In: Finance
in which of the follwing ways can a 2017 altax preference be avoided
by amorizing intangible drilling and development
by deducting cost depletion
by deducting percentage depletion
by investing in tax exempt private activity bonds
In: Accounting