A client needs to fill and compact a trench that has the following dimensions 150 x 50 x 1.5 ft. The sub is going to use a dump truck that can carry 12 CY, and travels at an average speed of 40 mph. The borrow pit is located 45 miles from the construction site. The truck driver makes $50/hr and works 8 hours per day. Loading time for the truck is 30 minutes and unloading time is 5 minutes. The sub has to rent the truck at $500 per day + a driver @ $50/hour. The cost of soil $20 per BCY. The soil has a swell factor of 18% and a compaction factor of 12%. What will it cost to backfill this trench if the sheeps foot operator make the same as the driver and fuel cost $1,250.00?

The average daily rate of a hotel in Canada as of August 2018 was $182.65. Assume the average daily rate follows a normal distribution with a standard deviation of $25.70.

Standard Normal Distribution Table

a. What is the probability that the average daily rate of a Canadian hotel will be:

(i) less than $175
P(X < 175)=P(X < 175)=

(ii) more than $200
P(X > 200)=P(X > 200)=

(iii) Between $150 and $190
P(150 < X < 190)=P(150 < X < 190)=

b. Determine the average daily rates that separate the:

(i) top 4% of average daily rates from the rest of the daily rates or from the bottom 96% of average daily rates
x=x=

(ii) bottom 15% of average daily rates from the rest of the daily rates
x=x=

(iii) middle 65% of average daily rates from the rest of the daily rates

  < x <  < x <  

Please provide 6 decimal places.

Please provide correct answers. Thanks.

Royal Park Ltd is an existing company that has issued previously 300,000 ordinary shares of $8 each and 100,000 5% preference shares of $15 each.

On 1^st January 2019, Royal Park Ltd offered to issue an additional 250,000 ordinary shares for $11, payable in two installments:

• $7 initially on application;
• $4 payable based on calls as required.

Applications for 400,000 shares were received by the closing date of 30^th January 2019.

On 10^th February 2019, shares were allotted, and a refund was made to unsuccessful applicants.

Directors announced on 30^th June 2019 a profit after tax of $900,000.

On 7^th July 2019, the board of directors during the Annual General Meeting announced that the company will pay preference dividends and ordinary dividends of 6.2 cents per fully paid equivalent share from retained earnings.

On 3^rd August 2019, payment was made for dividends declared.

Required:

a) Prepare the general journal entries to record the information above.                   

Narrations are NOT required.

During the Spock Hotel's last audit, the auditor noticed that the financial statements were missing some footnotes important for users using them for decision making. This action by the Spock Hotel is a violation of:

A trial balance is a necessary checkpoint for uncovering certain types of errors before one proceeds to other steps in the accounting process.

True

False

When posting transactions from the general journal to the ledger, ________ will need to be recorded on the journal page.

Le Hotel Cougar purchases $3,000 worth of supplies on July 15th, but they do not have to pay until next month. How should we record this transaction in July?

The food and beverage manager of the Glitz Hotel just got a great deal on beverages for the bar. Instead of buying large 5L containers for $25 each, they instead were able to purchase 1,000 cases of 12-packs of 500ml cans for $26,640. Beverages are served in 500ml servings. Usually, they sell 800 beverages over a weekend, but they actually sold 900 this past weekend. However, 20 customers had to be refunded due to problems with the cans.

Direct labour costs are driven by the number of beverages served. A typical weekend requires four servers each working two 8-hour shifts at $12/hour. At the end of the weekend, actual labour costs were $816.50 for 71 hours.

Required:

A   Calculate the following variances:

Material rate

Material quantity

Direct Labour rate

Direct labour efficiency

B   Briefly explain the variances to the hotel manager, and explain if the variances are somehow interlinked. Assess the special purchase and identify other factors that should be considered.

a)In order to determine the average price of hotel rooms in georgia, a sample of 63 hotels were selected. It was determined that the test statistic (z) was $1.74. We would like to test whether or not the average room price is significantly different from $110. Population standard deviation is known to us.Compute the p-value.

b)In order to determine the average price of hotel rooms in Atlanta, a sample of 36 hotels were selected. It was determined that the average price of the rooms in the sample was $108.4. The population standard deviation is known to be $13. We would like to test whether or not the average room price is significantly different from $110.Compute the test statistic.

c)A sample of 36 account balances of a credit company showed an average balance of $1,179 and a standard deviation of $136. You want to determine if the mean of all account balances is significantly greater than $1,150. Use a 0.05 level of significance. Assume the population of account balances is normally distributed.Compute the test statistic.

Conjoint Analysis

Imagine we are evaluating three hotels and have identified a conjoint model with three attributes. Two of the attributes (food and beach) have three levels, and the third, amusement, has two levels (see Table 1). We create a self-administered questionnaire. Four respondents are each asked to rate 18 packages (hotels) of attributes on a scale from 0 to 10. For example, a package/hotel might be : “A hotel with food featuring snacks, a beach with sand and boats, and no amusements.” The respondents responses are recorded in the Excel file “2_conjoint_hotels.xlsx” Google sheets version here (can be easily imported to excel): https://docs.google.com/spreadsheets/d/17tZ2xqS7KswhO9CgnUAgv-mKqPj63GwxaiHP2dhj7YU/edit?usp=sharing

Write out your regression model. For each respondent, run the conjoint analysis and report the part-worths.

.

A resort hotel annual sales revenue of $1,000,000, Variable costs of $350,000, and a fixed costs of $570,000. The fixed costs include $80,000 a year for land rental lease.

a) Calculate the hotel's breakeven point.

b) If the owners had an equity investment in the hotel of $1,200,000. What level of sales revenue is required for an operating income (BT) representing a 15% return on their investment?

c). In a renegotiation of the land lease, the landowner has offered management an alternative to the fixed lease currently being paid. The alternative in the lease currently being paid. The alternative is 10% of the resort's contribution margin.

i. If management accepts this proposal, what would be the resort hotel's new breakeven point?

ii. Calculate the indifference point.

iii. Explain whether management should accept this proposal. if next year's total sales revenue is expected to be $1,200,000?

iv. Should management accept this proposal if next's total sales revenue is expected to be $1,400,000

.:PS. I need all the C ( this includes " i " ; " ii " ; " iii " & " iv "

A) A large insurance company offers group disability insurance products to businesses, which in turn offer the product to their employees. Pricing policies to prevent a loss is difficult. Since it is difficult to know exactly which employees are more prone to file claims, it is hard to price policies accurately. If policies are priced too low, high-risk clients will be attracted and losses incurred. If policies are priced too high, not enough clients will be attracted. Compounding this factor is the fact that companies are motivated to exaggerate their safety in order to negotiate a lower price.  

What problem is being described in this scenario?  

What types of activities can the insurance company undertake to distinguish between customers with a low probability versus a high probability of claiming?

B)The large accommodation chains like Marriott, Accor do not run individual hotels themselves but rather lease the naming rights to a franchisee who leases the building from a property trust. What are the main advantages for hotel chains of not directly operating the hotel? What are the main disadvantages of the franchisee not owning the building?   

The food and beverage manager of the Glitz Hotel just got a great deal on beverages for the bar. Instead of buying large 5L containers for $25 each, they instead were able to purchase 1,000 cases of 12-packs of 500ml cans for $26,640. Beverages are served in 500ml servings. Usually, they sell 800 beverages over a weekend, but they actually sold 900 this past weekend. However, 20 customers had to be refunded due to problems with the cans.

Direct labour costs are driven by the number of beverages served. A typical weekend requires four servers each working two 8-hour shifts at $12/hour. At the end of the weekend, actual labour costs were $816.50 for 71 hours.

Required:

A   Calculate the following variances:

Material rate

Material quantity

Direct Labour rate

Direct labour efficiency

B   Briefly explain the variances to the hotel manager, and explain if the variances are somehow interlinked. Assess the special purchase and identify other factors that should be considered.