You are a hotel manager and you are considering four projects that yield different payoffs, depending upon whether there is an economic boom or a recession. The potential payoffs and corresponding payoffs are summarized in the following table. Project Boom (50%) Recession (50%) A $20 -$10 B -$10 $20 C $30 -$30 D $50 $50 If a manager adopted both project A and B simultaneously, the variance in returns associated with this joint project would be:

On a dark desert highway, a car leaves a gas station and heads straight for 10 km, heading exactly northeast.

(i.e., directed 45 degrees northward of due east). The car then turns onto a dirt road and drives completely

straight until it reaches a hotel located exactly 12 km north and 9.0 km east of the gas station. How far did the

car drive along the straight dirt road?

Assume that you are hired in a marketing manager position at a hotel. You are supposed to develop a marketing positioning statement and communicate it with all employees so that they can understand organizational marketing directions. There is no precedented work about a marketing strategy, and sooner or later, you need to start with the work. How can you lead to develop the positioning statement? Explain the process of developing the statement from the beginning (NOT about just making the statement).

Amusement Park ABC has an average of 230 customers per hour arriving at a ticket counter where 8 employees are working. Each employee can serve an average of 30 customers per hour. The squared coefficient of variation for the inter-arrival times is 1.5 and 2 for the service times. a) On average, how many customers will be present at the ticket counter? b) On average, how long will a customer have to wait for an employee?

Suppose a particular test of cognitive ability has been found to have great practicality in selecting members of a high school debate team. How much practicality would this same test have for the following situations?

Law school application

Art school application

A police hostage negotiation unit

Executive level positions in a labour union

Actors in a theme park who spend their day dressed in a character costume

Suppose you have assumed the role as the construction manager (CM) in one of the City of Kelowna’s water park projects. The previous CM resigned the City. The project is 2 months behind the schedule. Over 75% of the allocated budget has been spent and only 55% (based on number of installed/constructed items) of the construction has been completed.

1. What will be your immediate actions in the first few days? - (300 words maximum)

Suppose you are in the market to purchase a used car. To make an informed decision regarding your purchase, you would like to collect as much information as possible. Among the information you might consider are the typical price of the car, the typical number of miles the car should have, and its crash test results, insurance costs, and expected repair costs.

Make a list of at least three cars that you would consider purchasing. To be fair, the cars should be in the same class (compact, midsize, etc). They should also be of the same age.

Collect information regarding the three cars in your list by finding at eight cars of each that are for sale. Obtain such information as the asking price and the number of miles the car has. Sources of data include your local newspaper, classified ads, and car websites (www.cars.com and www.vehix.com). Compute the summary statistics for asking price, number of miles, and other variables of interest. Remember, the summary statistics include min, max, mean, median, mode, range, variance, standard deviation, and so on.

Write a report (4 paragraphs) in Microsoft Word with supporting data supporting your conclusion regarding which car you would purchase and why.

Attach the Excel sheet used for the primary data source.

You’ll submit both the Word document and Excel file.

Benson Airlines is a small airline that occasionally carries overload shipments for the overnight delivery company Never-Fail, Inc. Never-Fail is a multimillion-dollar company started by Wes Never immediately after he failed to finish his first accounting course. The company’s motto is “We Never-Fail to Deliver Your Package on Time.” When Never-Fail has more freight than it can deliver, it pays Benson to carry the excess. Benson contracts with independent pilots to fly its planes on a per-trip basis. Benson recently purchased an airplane that cost the company $6,175,000. The plane has an estimated useful life of 24,700,000 miles and a zero salvage value. During the first week in January, Benson flew two trips. The first trip was a round-trip flight from Chicago to San Francisco, for which Benson paid $300 for the pilot and $250 for fuel. The second flight was a round trip from Chicago to New York. For this trip, it paid $250 for the pilot and $125 for fuel. The round trip between Chicago and San Francisco is approximately 4,900 miles and the round trip between Chicago and New York is 1,300 miles.

1. Determine the total cost of each trip.

Retirement paid from partnership assets.

Dale Nagel, Keith White, and Todd Rundgren have capital balances of $95,000, $75,000, and $60,000 respectively.  They share income or loss on a 5:3:2 basis.  Journalize White’s withdrawal/retirement from the partnership under each of the following conditions:

1. White is paid $82,000 in cash from partnership assets, and a bonus is granted to the retiring partner.

2. White is paid $68,000 in cash from partnership assets, and bonuses are granted to the remaining partners.

2) Retirement paid by personal assets. (cash was paid by one of the remaining partners, i.e. partnership did not pay the retiring partner…no cash)

Mary Toshiba, Vera Miles, and Debra Noll have capital balances of $50,000, $30,000, and $22,000, respectively, and their income ratios are 5:3:2.  Journalize Noll’s withdrawal/retirement from the partnership under each of the following independent conditions:

1. Toshiba and Miles agree to purchase Noll’s equity by paying $15,000 each from their personal assets.  Each purchaser receives 50% of Noll’s equity.

2. Miles agrees to purchase all of Noll’s equity by paying $22,000 cash from her personal assets.

3. Toshiba agrees to purchase all of Noll’s equity by paying $26,000 cash from her personal assets.