Seong Hotels is interested in developing a new hotel is Seoul. The initial investment of the project is $20 million, but cashflows could differ if the government imposes a hotel tax. There is a 60% chance a hotel tax will be imposed and cash flows would be $2 million per year for 20 years. However, there is a 40% chance there will not be a tax imposed so cash flows would be $4 million per year for 20 years. They will not know if the tax will be imposed until next year. What is the project's expected NPV if they wait and implement the project one year from now? Cost of capital is 10%.
In: Finance
Developing an Equation from Average Costs The America Dog and Cat Hotel is a pet hotel located in Las Vegas. Assume that in March, when dog-days (occupancy) were at an annual low of 500, the average cost per dog-day was $14. In July, when dog-days were at a capacity level of 4,000, the average cost per dog-day was $7. (a) Develop an equation for monthly operating costs. (Let X = dog-days per month) Total cost = Answer + Answer * X (b) Determine the average cost per dog-day at an annual volume of 24,000 dog-days.
In: Accounting
Penobscot Nuclear has a contract to build a state of the art breeder reactor in Maine. This will be the first reactor built in the U.S. in many years and the only breeder reactor in the country. The contract cost is $1 billion and is expected to take 4 years to complete.
Here are some relevant facts (all numbers in the table are in millions):
Contract price: $1,000 Million
| 2016 | 2017 | 2018 | 2019 | |
| construction cost incurred in the current year: | $100 | $300 | $400 | $180 |
| Estimated cost to complete the contract at the end of the year: | $700 |
$400 |
$450 |
$0 |
| Billing on the contract in the current year | $120 | $340 | $400 | $140 |
| Dollars collected on billings in the current year | $80 | $360 |
$320 |
$240 |
Complete the required jorunal entries for each year using the percentage-of-completion contract method. also show the relevant balance sheet and income statement presentation, and complete T-accounts for construction-in-progress and billings-on-contract accounts.
Penobscot Nuclear
Balance sheet
December 31, 2015
Cash $800
Retained Earnings $ 300
Common Stock 500
Total Equity $ 800
In: Accounting
To conduct an experiment, a movie theater increased movie ticket prices from $9 to $10 and measured the change in ticket sales. The theater then gathered data over the following month to determine whether the price increase was profitable. Assume total costs to the theater are the same, whether the price of a ticket is $9 or $10.
In order for the ticket price to have been profitable over the month, the elasticity of demand for movie tickets must be (INELASTIC OR ELASTIC) .
Demand curves become (MORE OR LESS) elastic in the long run. This means that the ticket price increase will likely be (MORE OR LESS) profitable in the long run.
In: Economics
Construction Documents Review
21. Difference between Insurance and Bond
22. Explain Lien and Lien process
23. Construction cost estimating / Different types / Cost Monitoring / Units of Measurement
24. Construction Contract types / Lump Sum / Cost plus contracts / GMP
25. Construction Scheduling / CPM / Delay / Fast Track / Turn Key / Liquidated Damages
In: Civil Engineering
3. You are the CFO of a company looking to build a new office
park beginning five years from now.
You will need $2M to purchase land at that time and immediately
hypothecate the parcel to stand for
a 24-month, straight (non-amortizing) construction loan of $1.5M @
7%. Also at that time you will
pay a half point commitment fee to the take-out lender. Upon
completion (seven years from now), the
take-out lender will take over the construction loan balance
($1.5M) for a 20-year, 5%, level monthly
payment fully amortized mortgage.
a. How much will you have to set aside each quarter beginning
three months from now in MMF
earning 1%/qtr. to have the necessary funds available to purchase
the parcel and pay the commitment
fee?
b. You anticipate either selling the building or refinancing it
after 10 years. How much will the
balance be on the mortgage at the halfway point?
In: Finance
16. A county is considering using a piece of park land for one of two alternative projects. Project A would require construction costs of $180,000 (year 0) and generate net benefits of $35,000 per year for 8 years. (The benefits are realized at the ends of years 1 through 8). Project B would require construction costs of $2.25 million and generate net benefits of $150,000 per year for 24 years. (The benefits are realized at the ends of years 1 through 24). Each project is assumed to have zero salvage value at the end of its life. If these figures are in real dollars, and the real discount rate is 6 percent, which project would the county select? Show your calculations - you can upload your Excel calculations. (You will have to calculate the NPV of each project then use the EANB or Roll-over method to compare the two projects of different life spans).
In: Economics
This program is broken down into phases for your convenience only. Please turn in only the final phase. Before turning in your program, please make sure that it does something reasonable if the user enters a negative number the first time.
Phase I: Write a program for a theater that will keep track of how many people in each of 5 age categories attended a particular movie. Use the 5 age categories listed below in the sample screen output. The user will enter a number of ages, entering a negative number when there are no more ages to enter. Your program will then report on how many people in each age group attended. Sample screen output:
Enter age of attendee (-1 to quit): 34
Enter age of attendee (-1 to quit): 16
Enter age of attendee (-1 to quit): 68
Enter age of attendee (-1 to quit): 53
Enter age of attendee (-1 to quit): 39
Enter age of attendee (-1 to quit): 23
Enter age of attendee (-1 to quit): 21
Enter age of attendee (-1 to quit): -1
age 0 to 18: 1
age 19 to 30: 2
age 31 to 40: 2
age 41 to 60: 1
over 60: 1 |
Phase II: Modify your program so that, in addition
to the report that the program currently produces, it also gives
the average age of the people in attendance, the age of the oldest
person in attendance, and the age of the youngest person in
attendance. Sample screen output:
Enter age of attendee (-1 to quit): 34
Enter age of attendee (-1 to quit): 16
Enter age of attendee (-1 to quit): 68
Enter age of attendee (-1 to quit): 53
Enter age of attendee (-1 to quit): 39
Enter age of attendee (-1 to quit): 23
Enter age of attendee (-1 to quit): 21
Enter age of attendee (-1 to quit): -1
age 0 to 18: 1
age 19 to 30: 2
age 31 to 40: 2
age 41 to 60: 1
over 60: 1
The average age was 36.
The youngest person in attendance was 16.
The oldest person in attendance was 68. |
Phase III: Modify your program so that it also asks each attendee for a theater concession stand purchase. The attendee must make a selection based on the following choices …
1 - Soft Drink (such as Coca Cola, ICCEE, Mineral Water etc...)
2 - Popcorn
3 - Nachos
4 - Soft drink & Popcorn
5 - Soft drink & Nachos
6 - Organic and Gluten-free snacks
7 – None
The program output should now also provide a theater concession stand sales summary with a count of each category purchased.
Note: Include a validation routine to ensure that a correct choice is input for each attendee.
Check the sample screen output below for the final formatted display of theater statistics.
========================== THEATER STATS PROGRAM ========================== Movie theater snacks available for purchase ========================================== 1 - Soft Drink (such as Coca Cola, ICCEE, Mineral Water etc...) 2 - Popcorn 3 - Nachos 4 - Soft drink & Popcorn 5 - Soft drink & Nachos 6 - Organic and Gluten-free snacks 7 - None ========================================== Enter age of attendee (-1 to quit): 34 Movie theater snack purchased. (Select items 1 - 7):4 -------------------------- Enter age of attendee (-1 to quit): 16 Movie theater snack purchased. (Select items 1 - 7):5 -------------------------- Enter age of attendee (-1 to quit): 68 Movie theater snack purchased. (Select items 1 - 7):12 Invalid selection, please choose from 1 - 7 Movie theater snack purchased. (Select items 1 - 7):6 -------------------------- Enter age of attendee (-1 to quit): 53 Movie theater snack purchased. (Select items 1 - 7):6 -------------------------- Enter age of attendee (-1 to quit): 39 Movie theater snack purchased. (Select items 1 - 7):1 -------------------------- Enter age of attendee (-1 to quit): 23 Movie theater snack purchased. (Select items 1 - 7):2 -------------------------- Enter age of attendee (-1 to quit): 21 Movie theater snack purchased. (Select items 1 - 7):3 -------------------------- Enter age of attendee (-1 to quit): 21 Movie theater snack purchased. (Select items 1 - 7):4 -------------------------- Enter age of attendee (-1 to quit): -1 ================================== THEATER STATS PROGRAM RESULTS ================================== age 0 to 18: 1 age 19 to 30: 3 age 31 to 40: 2 age 41 to 60: 1 over 60: 1 The average age was 34 The youngest person in attendance was 16 The oldest person in attendance was 68 Theater Concession Stand sales ================================== Soft Drink (such as Coca Cola, ICCEE, Mineral Water etc.): 1 Popcorn: 1 Nachos: 1 Soft drink & Popcorn: 2 Soft drink & Nachos: 1 Organic and Gluten-free snacks: 2 Process returned 0 (0x0) execution time : 169.589 s Press any key to continue. |
In: Computer Science
C++...This program is broken down into phases for your convenience only. Please turn in only the final phase. Before turning in your program, please make sure that it does something reasonable if the user enters a negative number the first time.
Phase I: Write a program for a theater that will keep track of how many people in each of 5 age categories attended a particular movie. Use the 5 age categories listed below in the sample screen output. The user will enter a number of ages, entering a negative number when there are no more ages to enter. Your program will then report on how many people in each age group attended. Sample screen output:
Enter age of attendee (-1 to quit): 34
Enter age of attendee (-1 to quit): 16
Enter age of attendee (-1 to quit): 68
Enter age of attendee (-1 to quit): 53
Enter age of attendee (-1 to quit): 39
Enter age of attendee (-1 to quit): 23
Enter age of attendee (-1 to quit): 21
Enter age of attendee (-1 to quit): -1
age 0 to 18: 1
age 19 to 30: 2
age 31 to 40: 2
age 41 to 60: 1
over 60: 1 |
Phase II: Modify your program so that, in addition
to the report that the program currently produces, it also gives
the average age of the people in attendance, the age of the oldest
person in attendance, and the age of the youngest person in
attendance. Sample screen output:
Enter age of attendee (-1 to quit): 34
Enter age of attendee (-1 to quit): 16
Enter age of attendee (-1 to quit): 68
Enter age of attendee (-1 to quit): 53
Enter age of attendee (-1 to quit): 39
Enter age of attendee (-1 to quit): 23
Enter age of attendee (-1 to quit): 21
Enter age of attendee (-1 to quit): -1
age 0 to 18: 1
age 19 to 30: 2
age 31 to 40: 2
age 41 to 60: 1
over 60: 1
The average age was 36.
The youngest person in attendance was 16.
The oldest person in attendance was 68. |
Phase III: Modify your program so that it also asks each attendee for a theater concession stand purchase. The attendee must make a selection based on the following choices …
1 - Soft Drink (such as Coca Cola, ICCEE, Mineral Water etc...)
2 - Popcorn
3 - Nachos
4 - Soft drink & Popcorn
5 - Soft drink & Nachos
6 - Organic and Gluten-free snacks
7 – None
The program output should now also provide a theater concession stand sales summary with a count of each category purchased.
Note: Include a validation routine to ensure that a correct choice is input for each attendee.
Check the sample screen output below for the final formatted display of theater statistics.
========================== THEATER STATS PROGRAM ========================== Movie theater snacks available for purchase ========================================== 1 - Soft Drink (such as Coca Cola, ICCEE, Mineral Water etc...) 2 - Popcorn 3 - Nachos 4 - Soft drink & Popcorn 5 - Soft drink & Nachos 6 - Organic and Gluten-free snacks 7 - None ========================================== Enter age of attendee (-1 to quit): 34 Movie theater snack purchased. (Select items 1 - 7):4 -------------------------- Enter age of attendee (-1 to quit): 16 Movie theater snack purchased. (Select items 1 - 7):5 -------------------------- Enter age of attendee (-1 to quit): 68 Movie theater snack purchased. (Select items 1 - 7):12 Invalid selection, please choose from 1 - 7 Movie theater snack purchased. (Select items 1 - 7):6 -------------------------- Enter age of attendee (-1 to quit): 53 Movie theater snack purchased. (Select items 1 - 7):6 -------------------------- Enter age of attendee (-1 to quit): 39 Movie theater snack purchased. (Select items 1 - 7):1 -------------------------- Enter age of attendee (-1 to quit): 23 Movie theater snack purchased. (Select items 1 - 7):2 -------------------------- Enter age of attendee (-1 to quit): 21 Movie theater snack purchased. (Select items 1 - 7):3 -------------------------- Enter age of attendee (-1 to quit): 21 Movie theater snack purchased. (Select items 1 - 7):4 -------------------------- Enter age of attendee (-1 to quit): -1 ================================== THEATER STATS PROGRAM RESULTS ================================== age 0 to 18: 1 age 19 to 30: 3 age 31 to 40: 2 age 41 to 60: 1 over 60: 1 The average age was 34 The youngest person in attendance was 16 The oldest person in attendance was 68 Theater Concession Stand sales ================================== Soft Drink (such as Coca Cola, ICCEE, Mineral Water etc.): 1 Popcorn: 1 Nachos: 1 Soft drink & Popcorn: 2 Soft drink & Nachos: 1 Organic and Gluten-free snacks: 2 Process returned 0 (0x0) execution time : 169.589 s Press any key to continue. |
In: Computer Science
(Replacement chains) Destination Hotels currently owns an older hotel on the best beachfront property on Hilton Head Island, and it is considering either remodeling the hotel or tearing it down and building a new convention hotel, but because both hotels would occupy the same physical location, the company can only choose one project-that is, these are mutually exclusive projects. Both of these projects have the same initial outlay of $ 1,800,000. The first project, since it is a remodel of an existing hotel, has an expected life of 9 years and will provide free cash flows of $ 400,000 at the end of each year for all 9 years. In addition, this project can be repeated at the end of 9 years at the same cost and with the same set of future cash flows. The proposed new convention hotel has an expected life of 18 years and will produce cash flows of $ 280,000 per year. The required rate of return on both of these projects is 9 percent. Calculate the NPV using replacement chains to compare these two projects.
In: Finance