The Crane Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31.

Other data:

Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries. (Post entries in the order of journal entries presented in the previous question.)

Jane Botosan operates a bed and breakfast hotel in a resort area near Lake Michigan. Depreciation on the hotel is $60,000 per year. Jane employs a maintenance person at an
annual salary of $41,000 and a cleaning person at an annual salary of $24,000. Real estate taxes are $10,000 per year. The rooms rent at an average price of $60 per person per night
including breakfast. Other costs are laundry and cleaning service at a cost of $10 per person per night and the cost of food which is $5 per person per night.

Instructions:

1. Determine the number of rentals and the sales revenue Jane needs to break even using the contribution margin technique.

2. If the current level of rentals is 4,000, by what percentage can rentals decrease before Jane has to worry about having a net loss?

3. Jane is considering upgrading the breakfast service to attract more business and increase prices. This will cost an additional $3 for food costs per person per night. Jane feels she
can increase the room rate to $68 per person per night. Determine the number of rentals and the sales revenue Jane needs to break even if the changes are made.

Q1) Jane Botosan operates a bed and breakfast hotel in a resort area near Lake Michigan. Depreciation on the hotel is $60,000 per year. Jane employs a maintenance person at an annual salary of $41,000 and a cleaning person at an annual salary of $24,000. Real estate taxes are $10,600 per year. The rooms rent at an average price of $127 per person per night including breakfast. Other costs are laundry and cleaning service at a cost of $10.6 per person per night and the cost of food which is $5.8 per person per night.

A) Determine the sales revenue Jane needs to break even.

B) Determine the number of rentals Jane needs to earn a target net income of $50,000.

C) Jane is considering changing the business strategy. She considers installing additional cleaning machines which will decrease laundry and cleaning service per person per night by $3. However, fixed depreciation cost will increase by $4,080. Determine the number of rentals Jane needs to break even if the changes are made.

D) Determine the number of rentals at which Jane would be indifferent between the current and proposed business models. (Hint: Consider net income figures.)

Tommy Shelby lives in Mahebourg. On 15 June 2020, he lost his job as bartender in a hotel in the southern part of Mauritius, due to the COVID-19 pandemic. He was offered Rs200,000 as severance allowance, for his 5 years of loyal service to the hotel. Taking into consideration the craze which online purchases took during the national confinement period, he is now thinking of investing the severance allowance money, to launch an e-commerce website for the sales of products. He is thinking of selling all types of tangible products that can be ordered online. He intends to earn a percentage of all sales made online, through his platform.
However, Tommy Shelby neither has any knowledge of information systems, nor any experience in electronic business. Therefore, your contribution is required to help Tommy Shelby set up his business by working out the following assignment.
1. Use the Porter 5 Forces Model to analyse the market viability for Tommy Shelby’s business.
2. Discuss how the STEEPLED factors can influence internationalization of Tommy Shelby’s e-commerce platform.
3. Define the strategies that Tommy Shelby need to put in place for his business to succeed and sustain.

Jane Botosan operates a bed and breakfast hotel in a resort area near Lake Michigan. Depreciation on the hotel is $60,000 per year. Jane employs a maintenance person at an annual salary of $41,000 and a cleaning person at an annual salary of $24,000. Real estate taxes are $10,700 per year. The rooms rent at an average price of $128 per person per night including breakfast. Other costs are laundry and cleaning service at a cost of $10.7 per person per night and the cost of food which is $5.1 per person per night.

A) Determine the sales revenue Jane needs to break even.

B) Determine the number of rentals Jane needs to earn a target net income of $50,000.

C) Jane is considering changing the business strategy. She considers installing additional cleaning machines which will decrease laundry and cleaning service per person per night by $3. However, fixed depreciation cost will increase by $4,010. Determine the number of rentals Jane needs to break even if the changes are made.

D) Determine the number of rentals at which Jane would be indifferent between the current and proposed business models. (Hint: Consider net income figures.)

Again, there is research on the relationship between gender and sense of direction. Recall that, in their study, the spatial orientation skills of 30 male and 30 female students were challenges in a wooded park near the Boston College campus in Newton, Massachusetts. The participants were asked to rate their own sense of direction as either good or poor.

In the park, students were instructed to point to predesignated landmarks and also to the direction of south. For the female students who had rated their sense of direction to be good, the table above provides the pointing errors (in degrees) when they attempted to point south.

1. If, on average, women who consider themselves to have a good sense of direction do not better than they would by just randomly guessing at the direction of south, what would their mean pointing error be?
2. At the 1% significance level, do the data provide sufficient evidence to conclude that women who consider themselves to have a good sense of direction really do better, on average, than they would by just randomly guessing at the direction of south? Use a one-mean t-test.
3. Obtain a normal probability plot, boxplot, or stem-and-leaf diagram of the data. Based on this plot, is use of the t-test reasonable? Explain your answer.

1) A new cream that advertises that it can reduce wrinkles and improve skin was subject to a recent study. A sample of 63women over the age of 50 used the new cream for 6 months. Of those 63women, 36 of them reported skin improvement(as judged by a dermatologist). Is this evidence that the cream will improve the skin of more than 60% of women over the age of 50? Test using ?=0.01

(a) Test statistic: ?=

(b) Critical Value: ?∗=

2) A survey of 1325 people who took trips revealed that 140 of them included a visit to a theme park. Based on those survery results, a management consultant claims that less than 12% of trips include a theme park visit. Test this claim using the ?=0.01 significance level.

The test statistic is ?

The critical value is?

3) A new cream that advertises that it can reduce wrinkles and improve skin was subject to a recent study. A sample of 54 women over the age of 50 used the new cream for 6 months. Of those 54 women, 32 of them reported skin improvement(as judged by a dermatologist). Is this evidence that the cream will improve the skin of more than 60% of women over the age of 50? Test using ?=0.05

test statistics ?=

rejection region ?>

What's the process of each one and result? A singer quartet consisting of Angel, Betty, Carlos and Diana wants to practice their singing. However due to the pandemic they decide to do so at a baseball park to keep social distancing. Angel stands on the home plate, Betty goes to third base, Carlos to second base and Diana to first base. While they are getting ready a bird flies along the line joining third base and home, Betty says “That bird is singing at a frequency of 350 hertz”, but Angel says “No, it is singing at 340 hertz.” Soon after the bird leaves the park Diana sings a 440 hertz note, Carlos hears it 0.1 second later and sings a 261 hertz note. Part a Make a drawing of the bird’s flight path along the line joining third base and home, with an arrow indicating the direction of flight, towards home or away from home. Part b Explain why you chose that direction, include any equations that support your explanation. Part c How far is Carlos from Diana? Show your calculations. Part d What is the period of Carlos’ note at 261 Hertz. Include your calculations

1. On Friday March 10th 2017, around 11pm your instructor Mr. Tamba Yaradouno was at O'Hare International Airport in Chicago picking up a relative. At the passengers arrival what they call "Vestibule" or numbered gates, he could not park and waited for long. The area was packed, airport security cars flashing lights everywhere not allowing anyone to park but just enough time to pick up people.

On Friday October 12th 2018 at about same time your instructor was at the same spot of that airport to surprisingly notice that the area was completely empty and sat there for almost two hours.

Explain in your words in two pages including graphs (hand written or typed, Microsoft office word, times new roman, 12 fonds, double spaced):

a. What has happened to the demand curve of tourists visiting Chicago and the USA in general.

b. What could happened to both demand and supply curves of airport jobs, to the international flights into the USA if this trend of tourists decline continue.

Note: Do not include COVID- 19 here, this is the change of the world view of the USA from the Obama administration compared to President Trump and thus the changes of the number of tourists visiting USA