The management of the Mojito Theme hotel estimated that they can generate $180,000 and $190,000 in room revenues in 2011 and 2012, respectively, by using some other forecasting methods. However, the total room revenues were actually $185,000 and $200,000 in 2011 and 2012, respectively. The management team wants to come up with a robust forecasting report and they want to see the forecasting results with exponential smoothing model. Therefore, based on the information given, if the management would like to sell 2,500 rooms in 2012, what is the forecasted average daily rate (ADR) in 2012 based on the exponential smoothing model?

The average daily rate of a hotel in Canada as of August 2018 was $172.75. Assume the average daily rate follows a normal distribution with a standard deviation of $28.60.

Standard Normal Distribution Table ( note you need access to this table in order to do this question)

a. What is the probability that the average daily rate of a Canadian hotel will be:

(i) less than $175
P(X < 175)=P(X < 175)=

(ii) more than $205
P(X > 205)=P(X > 205)=

(iii) Between $145 and $185
P(145 < X < 185)=P(145 < X < 185)=

b. Determine the average daily rates that separate the:

(i) top 7% of average daily rates from the rest of the daily rates or from the bottom 93% of average daily rates
x=x=

Round to 2 decimal places.

(ii) bottom 25% of average daily rates from the rest of the daily rates
x=x=

Round to 2 decimal places.

(iii) middle 70% of average daily rates from the rest of the daily rates

  < x <  < x <  

Round to 2 decimal places.

h(i,x)=

{10if  program i halts on input x,otherwise.{1if  program i halts on input x,0otherwise.

41. Nancy, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into a city in the Northeast. She incurs $35,000 of expenses associated with this investigation. Based on the regulatory environment for hotels in the city, she decides not to expand. During the year, she also investigates opening a restaurant that will be part of a national restaurant chain. Her expense for this are $53,000. The restaurant begins operations on September 1. Determine the amount that Nancy can deduct in the current year for investigating these two businesses.

34. Daniel is single and has the following income and expenses in 2017:

Salary income $60,000

Net rent income 6,000

Dividend income 3,500

Payment of alimony 12,000

Mortgage interest on residence 4,900

Property tax on residence 1,200

Contribution to traditional IRA 5,000

Contribution to United Church 2,100

Loss on the sale of real estates (held for investment) 2,000

Medical expenses 3,250

State income tax 300

Federal income tax 7,000

a. Calculate Daniel’s AGI.

b. Should Daniel itemize his deductions from AGI or take the standard deduction? Explain.

The manager of the Hilton Resort Hotel stated that the mean guest bill for a weekend is $600 or less. A member of the hotel’s accounting staff noticed that the total charges for guest bills have been increasing in recent months. The accountant will use a sample of future weekend guest bills to test the manager’s claim. a. Which form of the hypotheses should be used to test the manager’s claim? b. What conclusion is appropriate when ?0 cannot be rejected? c. What conclusion is appropriate when ?0 can be rejected? d. What is the Type I and Type II errors in this situation?

Because of staffing decisions, managers of the Gibson-Marimont Hotel are interested in the variability in the number of rooms occupied per day during a particular season of the year. A sample of 24 days of operation shows a sample mean of 294 rooms occupied per day and a sample standard deviation of 26 rooms.

What is the point estimate of the population variance? 676

Provide a 90% confidence interval estimate of the population variance (to 1 decimal). ( , )

Provide a 90% confidence interval estimate of the population standard deviation (to 1 decimal). ( , )

I need to make an application that calculates the occupancy rate for a hotel with eight floors. The user will be asked how many rooms are occupied on each floor. The program will iterate for each floor. Users must enter numbers and the rooms occupied on each floor cannot exceed 30. The occupancy rate is the number of occupied rooms/ unnoccupied.  The application also needs to display the occupancy for each individual floor aswell. Each floor has a maximum of 30 rooms. There are 240 rooms in total. The application doesn't need any fancy graphics just simple text. I'm really lost where to start. I know I need to use for loops and while but I'm not sure how to apply it. Can I get some help?

Python

The code needs to be in Python

Assume you are the general manager of a large hotel and have formulated a strategy of renting banquet facilities to organizations for big events. At a monthly management meeting, your sales manager informs the head of food operations that a big reception in one week will require converting a large hall from a meeting room to a banquet facility in 60 minutes...a difficult but an achievable operation that will require precise planning and extra help. The food operations manager is furious about not being informed earlier. What is wrong here? As the general manager what strategies will you put in place to resolve the issue?

For each of the following financial situations, calculate the optimal cash discount percentage (each bullet is a separate answer, solve each bullet) SHOW ALL WORK PLEASE

• Cash discount period = 5 days, credit period = 75 days, and annual cost of capital = 15%

• Cash discount period = 10 days, credit period = 30 days, and annual cost of capital = 12%

• Cash discount period = 10 days, credit posted = 45 days, and annual cost of capital = 18%

• Cash discount period = 10 days, credit period = 30 days, and annual cost of capital = 22%

Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost.

Suppose the Luxury boat requires 4,050 machine hours, 205 inspections, and 58 batches. Using activity proportions, determine the amount of overhead assigned to the Luxury product line. (Round your intermediate calculations to the nearest whole percentage and your final answer to the nearest whole number.)