Benoit is opening a bed and breakfast inn in a popular beach resort town. He hopes to appeal to professional couples and retirees who want a high-end beach vacation experience but with a more home style experience – basically the experience of living in a luxurious beach house but with all the amenities of a high end hotel. Benoit’s B&B is directly on the beach and a few of the rooms have ocean views and in the evenings, from the front porch and from the beautifully landscaped back patio and pool area, the relaxing sound of the crashing of the waves can be heard. Benoit’s B&B has 15 bedrooms with private baths, a large dining area, and several stylish and comfortable lounging and reading areas on the main floor. He has two additional rooms on the main floor and one in the basement that are currently used for storage but could be developed into other amenities if the need arises. In addition to himself as owner, his staff (departments) will consist of a small kitchen staff, a cleaning crew, maintenance and lawn crew, and two managers. In order to attract the right type of clients and compete with the high-end boutique hotels, Benoit knows that he must make the experience at Benoit’s B&B an exceptional one. He has decided to implement a balanced score card to help each of the departments understand and implement his strategic plan.

Question 2

Part A:

In your own words, answer the following three questions as if the questions were asked of you by someone who knows nothing about the topic.

1. What is meant by sustainability?
2. What is corporate social responsibility reporting?
3. What are the 3 P’s and why are they sometimes referred to as the triple bottom line?

Part B:

We are currently in the middle of a global pandemic which has changed, at least temporarily, how business is conducted in most parts of the world. Write a paragraph or two to discuss how this pandemic might change a company’s approach to corporate social responsibility reporting. This should not be about the effects on one specific company rather it should be about broader implications of the pandemic impacting corporate social responsibility of corporations.

Variable cost per hour worked by cleaning staff ……………………

Total fixed cost for a month in which less than 70 hours are worked by cleaning staff …………………………..

Total fixed cost for a month in which more than 70 hours are worked by cleaning staff ………………………..

Listed below are amounts of court income and salaries paid to the town justices. All amounts are in thousands of dollars. Construct a​ scatterplot, find the value of the linear correlation coefficient​ r, and find the​ P-value using

alphaαequals=0.05.

Is there sufficient evidence to conclude that there is a linear correlation between court incomes and justice​ salaries? Based on the​ results, does it appear that justices might profit by levying larger​ fines?

Court_Income   Justice_Salary
64.0   31
404.0   45
1566.0   93
1131.0   55
270.0   46
253.0   60
112.0   26
150.0   27
30.0   19

What are the null and alternative​ hypotheses?

A.

Upper H 0H0​:

rhoρnot equals≠0

Upper H 1H1​:

rhoρequals=0

B.

Upper H 0H0​:

rhoρequals=0

Upper H 1H1​:

rhoρgreater than>0

C.

Upper H 0H0​:

rhoρequals=0

Upper H 1H1​:

rhoρnot equals≠0

D.

Upper H 0H0​:

rhoρequals=0

Upper H 1H1​:

rhoρless than<0

Construct a scatterplot. Choose the correct graph below.

A.

08001600050100Court IncomeJustice Salary

A scatterplot has a horizontal scale labeled “Court Income” from 0 to 1600 in intervals of 200 and a vertical scale labeled “Justice Salary” from 0 to 100 in intervals of 10. Nine points are plotted with approximate coordinates as follows: (260, 84); (420, 24); (640, 56); (760, 86); (880, 48); (900, 34); (1040, 86); (1260, 46); (1480, 18).

B.

08001600050100Court IncomeJustice Salary

A scatterplot has a horizontal scale labeled “Court Income” from 0 to 1600 in intervals of 200 and a vertical scale labeled “Justice Salary” from 0 to 100 in intervals of 10. Nine points are plotted with approximate coordinates as follows: (40, 20); (60, 32); (120, 26); (160, 28); (260, 60); (280, 46); (400, 46); (1140, 56); (1560, 94).

C.

08001600050100Court IncomeJustice Salary

A scatterplot has a horizontal scale labeled “Court Income” from 0 to 1600 in intervals of 200 and a vertical scale labeled “Justice Salary” from 0 to 100 in intervals of 10. Nine points are plotted with approximate coordinates as follows: (140, 14); (140, 36); (340, 42); (660, 54); (740, 66); (900, 74); (1280, 90); (1320, 14); (1420, 74).

D.

08001600050100Court IncomeJustice Salary

A scatterplot has a horizontal scale labeled “Court Income” from 0 to 1600 in intervals of 200 and a vertical scale labeled “Justice Salary” from 0 to 100 in intervals of 10. Nine points are plotted with approximate coordinates as follows: (220, 84); (220, 80); (360, 80); (400, 70); (580, 84); (740, 58); (1080, 62); (1120, 30); (1420, 44).

The linear correlation coefficient r is

nothing.

​(Round to three decimal places as​ needed.)

The test statistic t is

nothing.

​(Round to three decimal places as​ needed.)

The​ P-value is

nothing.

​(Round to three decimal places as​ needed.)

Because the​ P-value is

▼

less

greater

than the significance level

0.050.05​,

there

▼

is not

is

sufficient evidence to support the claim that there is a linear correlation between court incomes and justice salaries for a significance level of

alphaαequals=0.050.05.

Based on the​ results, does it appear that justices might profit by levying larger​ fines?

A.

It does not appear that justices might profit by levying larger fines.

B.

It does appear that justices might profit by levying larger fines.

C.

It appears that justices profit the same despite the amount of the fines.

D.

It does appear that justices might profit by issuing smaller fines.

0. The hobo is on his way back through town on a faster train. Turns out he’s also a competent trombone player.
   1. What frequency would he actually be playing if the train is approaching you at 25 m/s and you hear a perfect 220 Hz note (an A)?
1. 2. As the train approaches, you happen to be watching a friend at band practice. When she stands still, you hear a 2 Hz beat frequency as she, too, is holding out the same note (though not quite in tune). What are the two possible frequencies that you are hearing from her (in combination with the hobo)?
2. 3. When she slightly extends her slide, the beat pattern effectively disappears (i.e. she’s perfectly playing 220 Hz). Which frequency did you hear her playing in part b? Explain.

*all info is provided

Consider a small town that has a population of dedicated pizza eaters but is able to accommodate only two pizza shops, Donna’s Deep Dish and Pierce’s Pizza Pies. Each seller has to choose a price for its pizza, but for simplicity, assume that only two prices are available: high and low. If a high price is set, the sellers can achieve a profit margin of $12 per pie; the low price yields a profit margin of $10 per pie. Donna’s has a loyal captive customer base that will buy 11,000 pies per week and Pierce’s has a loyal captive customer base that will buy 3,000 pies per week, no matter what price is charged by either store. There is also a floating demand of 4,000 pies per week. The people who buy these pies are price conscious and will go to the store with the lower price; if both stores charge the same price, this demand will be split equally between them.

a) In equilibrium, Pierce’s earns $_______ in profit.

b) Donna’s loyal captive customer base has to be larger than ________ so that it sets its price at $12/pie if Pierce’s sets its price at $10/pie.

On January 1, 2019, the Town of Floyd issued $ 8,000,000 of 4% tax supported bonds. The bonds are dated January 1, 2019 with interest payment dates of June December 31, 2019. The bonds were sold at a $78,000 premium that was transferred to the Debt Service Fund from the capital projects fund to be used to fund the first payment. Cash sufficient to cover interest and principal payments for the year less the premium is transferred from the General Fund on June 1st.

Required: Record any and all entries to be made by the Debt Service Fund for the bond issued for the year 2019 (including closing entries)

Note - This is the question exactly as asked, if there is a portion of it that cannot be answered due to lack of information I would appreciate the question being answered as thoroughly as possible, with an "X" or something in place of omitted information

Trevor is interested in purchasing the local hardware/sporting goods store in the small town of Dove Creek, Montana. After examining accounting records for the past several years, he found that the store has been grossing over $850 per day about 70% of the business days it is open. Estimate the probability that the store will gross over $850 for the following. (Round your answers to three decimal places.)

(a) at least 3 out of 5 business days

(b) at least 6 out of 10 business days

(c) fewer than 5 out of 10 business days

(d) fewer than 6 out of the next 20 business days

If the outcome described in part (d) actually occurred, might it shake your confidence in the statement p = 0.70? Might it make you suspect that p is less than 0.70? Explain.

Yes. This is unlikely to happen if the true value of p is 0.70.

Yes. This is likely to happen if the true value of p is 0.70.

No. This is unlikely to happen if the true value of p is 0.70.

No. This is likely to happen if the true value of p is 0.70.

(e) more than 17 out of the next 20 business days If the outcome described in part (e) actually occurred, might you suspect that p is greater than 0.70? Explain.

Yes. This is unlikely to happen if the true value of p is 0.70.

Yes. This is likely to happen if the true value of p is 0.70.

No. This is unlikely to happen if the true value of p is 0.70.

No. This is likely to happen if the true value of p is 0.70.

PLEASE DO NOT HANDWRITE ANSWER!!!]

George has a monopoly on burrito sales in a small town in Kansas. The burritos cost him a constant $5 each to produce. He faces following demand schedule for his product: Price Quantity Demanded $30 0 $25 1 $20 2 $15 3 $10 4 $5 5 $0 6 Under normal monopoly conditions, how many burritos should he produce, what price should he charge, and how much profit can he expect to make? Draw a graph under these assumptions showing (and calculating) producer surplus, consumer surplus, economic surplus and deadweight loss. If George was able to engage in perfect price discrimination, how many burritos would he produce, what would his total revenue be, and how much profit would he earn? Draw a graph under these assumptions showing (and calculating) producer surplus, consumer surplus, economic surplus and deadweight loss. Is society better off by allowing George to perfectly price discriminate? Defend your answer.

2. Tiare’s city tour company is situated in the highly seasonal town of Moorea where the number of visitors fluctuates greatly from month to month. City tours are very competitive in this

town and Tiare is a price-taker. Her monthly fixed cost is $2,000. Her variable costs are:

Quantity of tours per month               Variable cost

100                                                      $700

200                                                      $1500

300                                                      $2400

400                                                      $4000

500                                                      $5800

600                                                      $7800

Since Tiare is a price-taker, she must charge what everybody else in Moorea’s market charges. The market price varies from month to month as shown below.

Month             Market Price

January            $5

March              $5

May                 $15

July                 $19

September       $19

a. Give the profit-maximizing output of this firm and calculate its profits in each of these

months. Hints: MC = dVC/dq = dTC/dq. You need to find an output decision and profit for each month since market price changes depending on what month it is.

Please make a table with the following columns: Output (quantity), VC, MC, AVC. Once you have that information make another table showing the output decision for each month (i.e., one column for month, one column for price, one column for output). Next calculate the firm’s profit. Make another table with the following columns to facilitate your profit calculation: Month, price, output, revenue, cost, profit.

b. Will firms enter or exit this market in the long run?

c. How will the firm’s output decisions differ if fixed cost were $1000 per month?