1. What is the value of a dividend stock that pays a $3 dividend in yr 1, a $3 dividend in yr 2, a $3.25 dividend in yr 3, then growing at 1% thereafter. TheWACC is 7% and the cost of equity is 9%

A    47

b    35

c     49

d    37

2. I want to pull some cash out of my house by refinancing but I don’t want my pmt to increase. My initial mortgage was 200k and now the balance is 175k on my 4.25% rate with a pmt of $984 per month. I can get a new 30 year mortgage at 3%. How much cash can I pull out without increasing my pmt?

A 0k

B 33k

C. 58k

D. need more info

Jake was the owner of Top Flight Furnishings, Inc., a small corporation. Jake is the CEO, and there are no other officers. Jake used the company’s bank account as his own, used the company’s cars, and regularly took home furnishings from the store. Jake also failed to maintain liability insurance on the business. After several accidents where chair legs bought at Top Flight were falling off and causing injuries to customers, a group of customers sued the company. However, because Jake had been spending all the company’s money and had let its insurance policy lapse, the business was broke, and the customers wanted to hold Jake personally liable. Jake argues that because the business is a corporation, the liability lies with the corporation, not with him. Who is correct, Jake or the customers? Why or why not?

Perth Corporation has two operating divisions, a casino and a hotel. The two divisions meet the requirements for segment disclosures. Before transactions between the two divisions are considered, revenues and costs are as follows:

The casino and the hotel have a joint marketing arrangement by which the hotel gives coupons redeemable at casino slot machines and the casino gives discount coupons good for stays at the hotel. The value of the coupons for the slot machines redeemed during the past year totaled $5,000,000. The discount coupons redeemed at the hotel totaled $1,000,000. As of the end of the year, all coupons for the current year expired.

Required:

What are the operating profits for each division considering the effects of the costs arising from the joint marketing agreement? (Enter your answers in thousands.)

Operating Profits

casino

hotel

Comparing occupancy for two hotels

Sunrise Suites and Nationwide Inns operate competing hotel chains across the region. Hotel capacity information for both hotels is as follows:

Information on the number of guests for each hotel and the average length of visit for June were as follows:

a. Determine the guest nights for each hotel in June. Guest Nights Sunrise Suites: Nationwide Inns:

b. Determine the room nights for each hotel in June. Room Nights Sunrise Suites: Nationwide Inns:

c. Determine the occupancy rate of each hotel in June. Occupancy Rate Sunrise Suites % Nationwide Inns

C Corporation has an S corporation election in effect. During the 2017 calendar tax year, the corporation had ordinary taxable income of $200,000, and on January 15, 2017, the corporation paid dividends to shareholders in the amount of $120,000.

How much taxable income, in total, must the shareholders of the corporation report on their 2017 tax returns?

$120,000 dividend income is taxable income. Should total include $200k ordinary income?

In the inner solar system, (inside of Mars' orbit) a reasonable characteristic temperature for planetary atmospheres is 200K. suppose a certain molecule has two levels energies differ by amount corresponding to the maximum frequency at this temperature. a.) what is this maximum frequency and the corresponding energy of this transition? b) By what factor does the rate of transitions between the levels of our molecule differ from the rate of spontaneous transition from the upper to lower level?

We have provided you the Hotel database to be used with SQLite DBMS. You should use this database in SQLite to extract the necessary information as per the following query requirements.

The sqlite script is based on the following relational schema:

•Hotel (hotelNo, hotelName, city)

• Room (roomNo, hotelNo, type, price)

• Booking (hotelNo, guestNo, dateFrom, dateTo, roomNo)

•Guest (guestNo, guestName, guestAddress)

Note the following details of the hotel database;

•Hotel contains hotel details and hotelNo is the primary key;

•Room contains room details for each hotel and (roomNo, hotelNo) forms the primary key;

•Booking contains details of bookings and (hotelNo,guestNo,dateFrom) forms the primary key;

•Guest contains guest details and guestNo is the primary key.

Write an SQLite script for querying data.

•List hotelNo, type and price of each double or deluxe room with a price more than $99.

•List hotelNo who have more than 2 double rooms.

•List number of different guests who visited Ridge Hotel.

•What is the total income from bookings for the Grosvenor Hotel? .

•List all the guests who have stayed in a hotel.

Task 3 [3 marks]

Perform the following tasks.

•Write commands to insert rows in each of the Hotel database tables .

•Write a command to delete the row you inserted in the table Guest .

•Write a command to update the price of all rooms by 10% (1 mark).

Pacific Hotels operates a centralized call center for the reservation needs of its hotels. Costs associated with use of the center are charged to the hotel group (luxury, resort, standard, and budget) based on the length of time of calls made (time usage). Idle time of the reservation agents, time spent on calls in which no reservation is made, and the fixed cost of the equipment are allocated based on the number of reservations made in each group. Due to recent increased competition in the hotel industry, the company has decided that it is necessary to better allocate its costs in order to price its services competitively and profitably. During the most recent period for which data are available, the use of the call center for each hotel group was as follows:

Division                                               Time Usage                              Number of Reservation

Luxury                                                  400                                                 120

Resort                                                   200                                                 150

Standard                                               800                                                 360

Budget                                                   600                                                 870

Call center costs for personnel $840,000

Call center costs for equipment $650,000

Determine the allocation to each of the divisions using the following:

1. A single rate based on time used.

2. Dual rates based on time used (for personnel costs) and number of reservations (for equipment and other cost).

Allocation based on time usage

Dual Allocation