Round Tree Manor is a hotel that provides two types of rooms with three rental classes: Super Saver, Deluxe, and Business. The profit per night for each type of room and rental class is as follows:

Type I rooms do not have wireless Internet access and are not available for the Business rental class.

Round Tree's management makes a forecast of the demand by rental class for each night in the future. A linear programming model developed to maximize profit is used to determine how many reservations to accept for each rental class. The demand forecast for a particular night is 140 rentals in the Super Saver class, 50 rentals in the Deluxe class, and 40 rentals in the Business class. Round Tree has 110 Type I rooms and 110 Type II rooms.

1. Use linear programming to determine how many reservations to accept in each rental class and how the reservations should be allocated to room types.

2. How many reservations can be accommodated in each rental class?

you are a hotel manager, and are considering four projects that yield different payoffs, depending upon whether there is an economic boom or recession. The potential payoffs and corresponding payoffs are summarized in the following table.

Calculating expected value and standard deviation, and explain what is your preferred project if you are risk neutral? Risk averse? If you could combine project C and D together as one project, how is it compared with project A in terms of return and risks? please show working out and formulas

Reid Harper, the manager at Modix Hotel, makes every effort to ensure that customers attempting to make phone reservations do not have to wait too long to speak with a reservation specialist. Since the hotel accepts phone reservations 24 hours a day, Reid is especially interested in maintaining consistency in service. Reid wants to determine if the variance of wait time in the early morning shift (12:00 am – 6:00 am) differs from that in the late morning shift (6:00 am – 12:00 pm). He uses independently drawn samples of wait time for phone reservations for both shifts for the analysis; a portion of the data is shown in the accompanying table. Assume that wait times are normally distributed.

a. Select the hypotheses to test if the variance of wait time in the early morning shift differs from that in the late morning shift.

• H₀: σ₁² / σ₂² = 1, H_A: σ₁² / σ₂² ≠ 1

• H₀: σ₁² / σ₂² ≤ 1, H_A: σ₁² / σ₂² > 1

• H₀: σ₁² / σ₂² ≥ 1, H_A: σ₁² / σ₂² < 1

b-1. Calculate the value of the test statistic. (Round intermediate calculations to at least 4 decimal places and final answer to 3 decimal places.)

b-2. Find the p-value.

c. At the 10% significance level, what is your conclusion?

• Reject H₀, since the p-value is more than α.

• Reject H₀, since the p-value is less than α.

• Do not reject H₀, since the p-value is less than α.

• Do not reject H₀, since the p-value is more than α.

d. Interpret the results at  α = 0.10.

• The variance of wait time in the early morning shift is greater than that in the late morning shift.

• The variance of wait time in the early morning shift is not greater than that in the late morning shift.

• The variance of wait time in the early morning shift differs from that in the late morning shift.

• The variance of wait time in the early morning shift does not differ from that in the late morning shift.

Problem 17

The Hodges, a 300-room hotel, has provided you with the following data for the months of June and July:

                                                                 June                    July

                            Single rooms sold                  2,400                   2,418

                            Double rooms sold                4,200                   4,278

                            Room revenue                    $396,000                       $339,000

                            Number of paid guests 9,900                   9,910

Required:

1. Compute the following for June and July.
   1. Paid occupancy percentage
   2. Multiple occupancy percentage
   3. Average number of guests per double room sold (assume that only one guest stayed in each single room sold)
   4. Monthly ADR
   5. Monthly RevPar

2. Was the Hodges financial performance better in June or July? (Assume that fixed costs were constant and that the variable costs per room sold remained constant. Support your answer with detailed discussion.

6. A hotel salesperson enters sales in a text file. Each line contains the following, separated by semicolons: The name of the client, the service sold (such as Dinner, Conference, Lodging, and so on), the amount of the sale, and the date of that event.

Write a program that reads such a file and displays the total amount for each service category. Use the following data for your text file:5 pts

Bob;Dinner;10.00;January 1, 2013

Tom;Dinner;14.00;January 2, 2013

Anne;Lodging;125.00;January 3, 2013

Jerry;Lodging;125.00;January 4, 2013

The output should be:

Dinner: 24.00

Lodging: 250.00

Python, keep it simple, thank you

The manager of a small hotel resort is considering expansion. He would like to issue bonds but do not quite understand why he may or may not receive what amount of money is stated on the face of the bond but he has to repay what is on the face of the face bond. Write a report to the manager explaining the market forces that determine how much money will be collected. Also explain how the interest payment on bonds are calculated and paid. write a report with 800 words explaining the market forces that determine how much money will be collected and how the interest payment on bonds are calculated and paid.

1. Round Tree Manor is a hotel that provides two types of rooms with three rental classes: Super Saver, Deluxe, and Business. The profit per night for each type of room and rental class is as follows:

   Rental Class
   Room		Super Saver	Deluxe	Business
   	Type I	$31	$35	—
   	Type II	$16	$33	$42

   Type I rooms do not have wireless Internet access and are not available for the Business rental class.

   Round Tree's management makes a forecast of the demand by rental class for each night in the future. A linear programming model developed to maximize profit is used to determine how many reservations to accept for each rental class. The demand forecast for a particular night is 130 rentals in the Super Saver class, 50 rentals in the Deluxe class, and 45 rentals in the Business class. Round Tree has 105 Type I rooms and 145 Type II rooms.

   1. Use linear programming to determine how many reservations to accept in each rental class and how the reservations should be allocated to room types.
      

      Variable	# of reservations
      SuperSaver rentals allocated to room type I	???
      SuperSaver rentals allocated to room type II	???
      Deluxe rentals allocated to room type I	???
      Deluxe rentals allocated to room type II	???
      Business rentals allocated to room type II	???

      
      Is the demand by any rental class not satisfied? Yes or No?
      Explain.
   2. How many reservations can be accommodated in each rental class?
      

      Rental Class	# of reservations
      SuperSaver	???
      Deluxe	???
      Business	???

   3. Management is considering offering a free breakfast to anyone upgrading from a Super Saver reservation to Deluxe class. If the cost of the breakfast to Round Tree is $5, should this incentive be offered? Yes or No?
   4. With a little work, an unused office area could be converted to a rental room. If the conversion cost is the same for both types of rooms, would you recommend converting the office to a Type I or a Type II room? Why? Type 1 or Type 2?
   5. Could the linear programming model be modified to plan for the allocation of rental demand for the next night? What information would be needed and how would the model change? Yes or No?

Please be descriptive and show all work step-by-step.

The manager of a small hotel resort is considering expansion. He would like to issue bonds but do not quite understand why he may or may not receive what amount of money is stated on the face of the bond but he has to repay what is on the face of the bond. Write a report to the manager explaining the market forces that determine how much money will be collected. Also explain how the interest payment on bonds are calculated and paid. bear in mind that the stated interest rate and the market interest rate are the two interest rate that work together to determine the market price of a bond. write in essay format no log explanation.

Problem 5-20A Various CVP Questions: Break-Even Point; Cost Structure; Target Sales [LO5-1, LO5-3, LO5-4, LO5-5, LO5-6, LO5-8]

Problem 5-20A Various CVP Questions: Break-Even Point; Cost Structure; Target Sales [LO5-1, LO5-3, LO5-4, LO5-5, LO5-6, LO5-8] Northwood Company manufactures basketballs. The company has a ball that sells for $35. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $24.50 per ball, of which 70% is direct labor cost. Last year, the company sold 55,000 of these balls, with the following results: Sales (55,000 balls) $ 1,925,000 Variable expenses 1,347,500 ________________________________________ ________________________________________ Contribution margin 577,500 Fixed expenses 472,500 ________________________________________ ________________________________________ Net operating income $ 105,000 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________ Required: 1-a. Compute last year's CM ratio and the break-even point in balls. (Do not round intermediate calculations. Round up your final break even answers to the nearest whole number.) 1-b. Compute the the degree of operating leverage at last year’s sales level. (Round your answer to 2 decimal places.) 2. Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $3.50 per ball. If this change takes place and the selling price per ball remains constant at $35.00, what will be next year's CM ratio and the break-even point in balls? (Do not round intermediate calculations. Round up your final break even answers to the nearest whole number.) 3. Refer to the data in (2) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $105,000, as last year? (Do not round intermediate calculations. Round your answer to the nearest whole unit.) 4. Refer again to the data in (2) above. The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year (as computed in requirement 1a), what selling price per ball must it charge next year to cover the increased labor costs? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 5. Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 20%, but it would cause fixed expenses per year to increase by 66%. If the new plant is built, what would be the company’s new CM ratio and new break-even point in balls? (Do not round intermediate calculations. Round up your final break even answers to the nearest whole number.) 6. Refer to the data in (5) above. a. If the new plant is built, how many balls will have to be sold next year to earn the same net operating income, $105,000, as last year? (Do not round intermediate calculations. Round up your final answer to the nearest whole number.) b-1. Assume the new plant is built and that next year the company manufactures and sells 55,000 balls (the same number as sold last year). Prepare a contribution format income statement. (Do not round your intermediate calculations.) b-2. Compute the degree of operating leverage. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

BUSINESS TRAVEL EXPENSES An executive of Trident Communications recently traveled to London, Paris, and Rome. She  paid $280, $330, and $260 per night for lodging in London, Paris, and Rome, respectively, and his hotel bills totaled $4060. She spent $130, $140, and $110 per day for his meals in London, Paris, and Rome, respectively, and his expenses for meals totaled $1800. If she spent as many days in London as she did in Paris and Rome combined, how many days did she stay in each city? Solve using Gauz Jordan method.