Boatbound

Serial entrepreneur Aaron Hall took note of the “sharing economy” that emerged during the last recession and launched Boatbound, a peer-to-peer boat rental company that brings together boat owners who are willing to rent their boats when they are not in use and people who want a fun boating experience without the cost of owning a boat. Hall realized that 12.2 million boats are registered in the United States, yet the average owner uses his or her boat just 26 days per year. Boatbound screens all potential renters, verifies the condition and the safety of each boat, carries ample insurance on each boat, and covers general liability. Boat owners select their renters from Boatbound’s pool of applicants and set daily rental fees, and Boatbound collects 35 percent of the fee. Boatbound has rented every kind of boat, from kayaks to yachts with captains. Fees range from $200 to $8,500 per day. “As a boat owner and someone in the marine industry, I’ve been waiting for something like this my whole life,” says Aabad Melwani, owner of a marina. “I just didn’t know it.”

Henrybuilt

Scott Hudson, CEO of Henrybuilt, had created a profitable niche designing and building upscale kitchens that ranged from $30,000 to $100,000. In 2006, Hudson opened a New York City showroom, which doubled in size in just 18 months. By 2008, the company had more than 200 jobs in the United States, Mexico, and Canada. When the recession hit, however, new projects came to a standstill, and customers began cancelling orders. In response, Hudson launched a subsidiary, Viola Park Corporation, that provides customers lower-cost remodeling options that use its software rather than an architect to create “custom” variations on Henrybuilt designs. The result is a process that produces a kitchen much faster and at half the cost of a Henrybuilt kitchen. Henrybuilt sales have recovered, but Viola Park accounts for 20 percent of sales and is growing twice as fast as Henrybuilt. Unequal Technologies Robert Vito started Unequal Technologies in 2008 to supply protective clothing and gear, including bullet-proof vests, to military contractors. The protective gear is made from a lightweight yet strong composite material that he developed and patented. Two years later, the equipment manager of the Philadelphia Eagles called to ask whether Unequal Technologies could create a special garment for one of its star players who had suffered a sternum injury. Vito modified the bullet-proof vest for the player and soon had other players in the National Football League asking for protective gear. Unequal technologies went on to develop Concussion Reduction Technology (CRT), peel-and-stick pads for football helmets that are made from before it reaches the skull. Independent tests show that CRT reduces the risk of head injuries from impact by 53 percent. The company now supplies equipment to 27 of the NFL’s 32 teams and has its sights set on an even larger market: amateur sports. Vito says Unequal’s technology gives the company a competitive edge that has allowed it to increase sales from $1 million to $20 million in just one year.

(Source: Scarborough and Cornwall, 2016)

1. Select one of these small businesses (Boatbound or Henrybuilt) and explain how the said business used six (6) of the 10 types of innovation to bolster its success.   

15. Marks)

Tanya is playing PokemonGo, and searching for a Snorlax. The game is programmed such that pokemon are generated randomly, and there is a 7% chance that a Snorlax will appear. Tanya will search Mill Creek park until she captures 473 random pokemon. Consider the proportion in her sample that will be Snorlaxes. As we have learned, the sample proportion is a random quantity.

What type of random variable can we use to approximate the sample proportion? Type the name of the distribution using all capital letters.

What is the mean of the sample proportion? Input your answer as a decimal, not a percent.  

What is the standard deviation of the sample proportion? Input your answer as a decimal, not a percent.

What is the approximate probability that more than 6% of her sample will be Snorlaxes? Input your answer as a decimal, not a percent.

The Cash account of Guard Dog Security Systems reported a balance of $2,540 at December 31​, 2024. There were outstanding checks totaling $400 and a December 31 deposit in transit o f$100. The bank​ statement, which came from Park Cities​ Bank, listed the December 31 balance of $3,340. Included in the bank balance was a collection of $510 on account from Brendan Ballou​, a Guard Dog customer who pays the bank directly. The bank statement also shows a $30 service charge and $20 of interest revenue that Guard Dog earned on its bank balance. Prepare Guard Dog​'s bank reconciliation at December 31.

Guard Dog Security Systems

Bank Reconciliation

December 31, 2024

For this week's discussion, the focus will be on examining Porter's Five Forces as a tool for looking at the pressures on profits. Specifically, you will be looking at defining Porter's Five Forces and applying this tool to the market structures and pressures on profits of a chosen group of firms.

Instructions

In your discussion post, address the following:

• Chose one of the following groups and use Porter's Five Forces to analyze the pressures on profits for your chosen group's firms.
  • Group 1: the accommodations industry (e.g., Hilton, Marriott Bonvoy, InterContintental Hotel Group).
  • Group 2: the wireless telecommunications industry (e.g., Verizon, AT&T, T-Mobile).
• If you want to dig deeper into how one of the firms views the challenges it faces, you might want to look at the firm's investor page.

2.(a) Ball A is released from rest. It collides with the stationary ball B with a velocity 3.2 m/s; immediately after the collision ball A travels in the same direction with velocity 2.3 m/s.   

Ball A has mass 0.26 kg; ball B has mass 0.07 kg.

Calculate

(i) the velocity of ball B immediately after the collision..

(ii) the maximum height reached by ball B.

(b) A driver is travelling at a constant speed of 15.4 m/s in a 1800 kg car.

At this speed he then enters a large empty car park, and makes a U-turn, travelling in a complete half-circle of radius r.

The friction force between the tyres and the ground is 12.4 kN.

Calculate r.

In the case Las Vegas Sands v. Nehme, reported on page 380 of your textbook, the casino's "marker" was found by the court to be a negotiable instrument. The Venetian (a hotel owned by Las Vegas Sands LLC) was then allowed to sued Nehme for not paying a negotiable instrument. In a 500 word paper discuss the required elements for a negotiable instrument. Is it feasible that the casino marker contained all of these elements? Explain whether or not you think that gambling casinos should be able to advance credit to gamblers. From what you know about how alcohol affects a person's capacity to contract, is the fact that most gamblers are also consuming alcohol a factor in your decision? Do you think people would not gamble as much if casinos did not offer "markers?"

1. Juan Martinez was reviewing his recent bank credit card account statement when he found two charges involving a hotel room rental and a meal, purchased on the same day in a city than Juan knew he had not been to. Their charges totaled $229.99 out of Juan’s $529.99 balance for the month.

a. What payment should Juan make on the account?

b. How should he notify the credit card issuer about the unauthorized use?

c. Once the matter is resolved, what should Juan do to ensure that his credit history is not negatively affected by this error?

2. Explain the conditions that might make bankruptcy necessary. How might you use the services of a credit counselor?

What is the management fee (1) on a per available room basis and (2) as a percentage of total revenue for a 255-room hotel located in California that had an occupancy level of 62%, ADR of $84.53, a room revenue to total revenue % of 56.4%, and a gross operating profit % of 24.8%? The management fee agreement stipulated that the company would receive 3% of gross revenue, and 10% of gross operating profit.

1. lease use the information from Question 10 to calculate the Total mgmt fee.

               Total mgmt fee (round to whole number) $ ___

2. Please use the information from Question 10 to calculate the Mgmt fee on PAR basis.

            Mgmt fee on PAR basis (round to two decimal places) $ ___ PAR/yea