Why does the hotel industry have so many partnerships among competitors? Is this true for other industries? Which ones?

As the new cybersecurity employee at a Florida-based luxury hotel chain franchise, would you insource cybersecurity functions or outsource?

. Draw a value chain for a hotel you know well or have researched. Explain the implication of your study for competitive advantage.

Consider the following data:

Step 2 of 5 : Find the variance. Round your answer to one decimal place.

Step 3 of 5 : Find the standard deviation. Round your answer to one decimal place.

The human resources department needs to forecast the number of sexual harassement investigations for the entire company. The data for several months is supplied below. Be careful since the data is listed beginning with the most recent. The forecasting method to be used here is the 4 month weighted moving average adjusting for seasonality where the weights, starting with the most recent time period, are 0.4, 0.3, 0.2, 0.1. Again, you must find the seasonality factors for the data. Please round your forecast to the nearest whole number.

Direct Labor Variances

Ada Clothes Company produced 14,000 units during April. The Cutting Department used 2,700 direct labor hours at an actual rate of $12.60 per hour. The Sewing Department used 4,500 direct labor hours at an actual rate of $12.30 per hour. Assume there were no work in process inventories in either department at the beginning or end of the month. The standard labor rate is $12.50. The standard labor time for the Cutting and Sewing departments is 0.2 hour and 0.3 hour per unit, respectively.

a. Determine the direct labor rate, direct labor time, and total direct labor cost variance for the (1) Cutting Department and (2) Sewing Department. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

b. The two departments have opposite results. The Cutting Department has a(n)   rate variance and a(n)   time variance, resulting in a total   cost variance. In contrast, the Sewing Department has a(n)   rate variance but has a(n)   time variance, resulting in a total   cost variance.

Given below is a bivariate distribution for the random variables x and y.

(a)

Compute the expected value and the variance for x and y.

E(x)

=

E(y)

=

Var(x)

=

Var(y)

=

(b)

Develop a probability distribution for

x + y.

(c)

Using the result of part (b), compute

E(x + y)

and

Var(x + y).

E(x + y)

=

Var(x + y)

=

(d)

Compute the covariance and correlation for x and y. (Round your answer for correlation to two decimal places.)

covariancecorrelation

Are x and y positively related, negatively related, or unrelated?

The random variables x and y are  ---Select--- positively related negatively related unrelated .

(e)

Is the variance of the sum of x and y bigger, smaller, or the same as the sum of the individual variances? Why?

The variance of the sum of x and y is  ---Select--- greater than  less than unrelated the sum of the variances by two times the covariance, which occurs whenever two random variables are  ---Select--- positively related negatively related unrelated .

Direct Labor Variances

Ada Clothes Company produced 20,000 units during April. The Cutting Department used 3,800 direct labor hours at an actual rate of $11.50 per hour. The Sewing Department used 6,300 direct labor hours at an actual rate of $11.20 per hour. Assume there were no work in process inventories in either department at the beginning or end of the month. The standard labor rate is $11.40. The standard labor time for the Cutting and Sewing departments is 0.2 hour and 0.3 hour per unit, respectively.

a. Determine the direct labor rate, direct labor time, and total direct labor cost variance for the (1) Cutting Department and (2) Sewing Department. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

b. The two departments have opposite results. The Cutting Department has a(n) rate variance and a(n) time variance, resulting in a total cost variance. In contrast, the Sewing Department has a(n) rate variance but has a(n) time variance, resulting in a total cost variance.

Direct Labor Variances

The Freedom Clothes Company produced 15,000 units during June of the current year. The Cutting Department used 2,900 direct labor hours at an actual rate of $14.4 per hour. The Sewing Department used 4,800 direct labor hours at an actual rate of $14.1 per hour. Assume there were no work in process inventories in either department at the beginning or end of the month. The standard labor rate is $14.3. The standard labor time for the Cutting and Sewing departments is 0.2 hour and 0.3 hour per unit, respectively.

a. Determine the direct labor rate, direct labor time, and total direct labor cost variance for the Cutting Department and Sewing Department. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

b. The two departments have opposite results. The Cutting Department has a(n)   rate and a(n)   time variance, resulting in a total cost variance. In contrast, the Sewing Department has a(n)   rate variance, and has a very   time variance, resulting in a total   cost variance.

Ronaldo Company needs a capital of $200,000; it can either use no debt or use a debt for 60% with a 12% interest rate.
It has 9,000 shares outstanding that are expected to stay constant for any financing strategy taken and it has the following information:

Price/ Unit $5
Variable cost/Unit $2
Fixed costs $50,000
Tax rate 40%

The expected units sold based on probability of economic situation:
Economy Probability Units Sold
Good 0.2 140,000
Normal 0.5 80,000
Bad 0.3 10,000

10.87%

$9.9

$10.87

None of the above

10.87%

$13.07

$10.87

$9.903

103.32%

413.33%

0.565

10.4

1.033%

41.33%

0.565

10.4

$9.18

10.654%

7.245%

$20.22

$9.184

10.654%

$7.245

3.434%