In: Finance
suppose that a hotel has 100 rooms and the hotel is accepting overbooking anticipating some cancellations. The probability for cancellation is 0.07.
a) What is the probability that somoen who made a reservation will be turned away if this hotel has allowed for 110 resevations?
b. 105 reservation
c. why did the answer to part b go down
In: Statistics and Probability
-Pick two of the principles of green chemistry, state which 2 you chose and show how they connect to your life or intended profession. Please be very clear (as in overtly) as to which two you are selecting so that I am sure to recognize the connections you are making.
-How has the Tragedy of the Commons affected you or your family? For example, when one of the creators of this course (Ted Picciotto) was younger, he and his father would see quail frequently in the state park near their home. Since then they have all but disappeared. Only recently has the population begin to rebound very slightly. If you are not old enough to remember a change in the environment, interview a parent or grandparent if possible.
-How have your studies to date prepared you for the future world in which you live? In what ways do you think your study of chemistry will prepare you?
In: Chemistry
Please use IRAC.
1. Bob, a sole proprietor, owns a well-know aquatic park in the city of Bakersfield. One day, one of Bobs worst employees was messing around with the music system set up in the back. Without acknowledgement, Bob’s worst employee tripped on a wire and accidentally cut the wire to the point were there was a dangerous shortage. John, Bob’s newest employee noticed the accident and immediately notified Bob. Without taking a second look, Bob told John, “I am sure it’s not big deal, just get back to work.” Next week, a child was playing near the pool in the back and when jumping in the pool, the child tripped on the cord and got electrocuted. The child had 3rd degree burns resulting in a hospital bill of $160,000. The child’s mother consults with you and asks whether they have a personal injury claim against Bob, even though it was Bob’s employee’s fault?
Please use IRAC.
In: Accounting
What is the difference between a management contract, a brand, and a hotel franchise agreement? Are all three necessary to run a successful hotel?
In: Economics
Multiple-Step Income Statement
On March 31, 20Y9, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows:
| Accounts Receivable | $170,000 | Inventory | $1,019,950 | |
| Accumulated Depreciation—Building | 762,600 | Notes Payable | 273,300 | |
| Administrative Expenses | 559,700 | Office Supplies | 19,950 | |
| Building | 2,619,300 | Retained Earnings | 1,337,850 | |
| Cash | 166,750 | Salaries Payable | 7,900 | |
| Common Stock | 291,750 | Sales | 6,440,950 | |
| Cost of Goods Sold | 3,769,900 | Selling Expenses | 709,650 | |
| Dividends | 172,550 | Store Supplies | 93,100 | |
| Interest Expense | 10,150 |
a. Prepare a multiple-step income statement for the fiscal year ended March 31, 20Y9.
| Royal Furnishings Company | ||
| Income Statement | ||
| For the Year Ended March 31, 20Y9 | ||
| Sales | $ | |
| Cost of goods sold | ||
| Gross profit | $ | |
| Expenses: | ||
| Selling expenses | $ | |
| Administrative expenses | ||
| Total expenses | ||
| Operating income | $ | |
| Other expense: | ||
| Interest expense | ||
| Net income | $ | |
2.
Beginning inventory, purchases, and sales for an inventory item are as follows:
| Sep. 1 | Beginning Inventory | 24 | units | @ | $21 |
| 5 | Sale | 14 | units | ||
| 17 | Purchase | 26 | units | @ | $23 |
| 30 | Sale | 27 | units |
Assuming a perpetual inventory system and the first-in, first-out method:
a. Determine the cost of the goods sold for the
September 30 sale.
$
b. Determine the inventory on September
30.
$
3.
Asset turnover ratio
Financial statement data for years ended December 31, 20Y3 and 20Y2, for Edison Company follow:
| 20Y3 | 20Y2 | |||
| Sales | $1,749,000 | $1,512,000 | ||
| Total assets: | ||||
| Beginning of year | 770,000 | 670,000 | ||
| End of year | 820,000 | 770,000 | ||
| a. | Determine the asset turnover ratio for 20Y3 and 20Y2. Round answers to one decimal place. |
| 20Y3 | 20Y2 | |||
| Asset turnover | ||||
| b. | Is the change in the asset turnover ratio from 20Y2 to 20Y3 favorable or unfavorable? |
In: Accounting
EXERCISE 4‐2 Workpaper Eliminating Entries, Cost Method LO 5 Park Company purchased 90% of the stock of Salt Company on January 1, 2019, for $465,000, an amount equal to $15,000 in excess of the book value of equity acquired. This excess payment relates to an undervaluation of Salt Company's land. On the date of purchase, Salt Company's retained earnings balance was $50,000. The remainder of the stockholders' equity consists of no‐par common stock. During 2023, Salt Company declared dividends in the amount of $10,000, and reported net income of $40,000. The retained earnings balance of Salt Company on December 31, 2022, was $160,000. Park Company uses the cost method to record its investment. Required: Prepare in general journal form the workpaper entries that would be made in the preparation of a consolidated statements workpaper on December 31, 2023.
In: Accounting
A hotel manager claims that the average of the price
that customer will pay to stay at their hotel is 500. At α = 0.01
is the claim realistic? The data on the price per night for a
sample of six rooms in the hotel are shown.
Price per
night 713 300 292
311 598 401
618
Give a reason why the claim might be deceptive.
In: Statistics and Probability
this is for a project management assigment and it is about the development of a public park and wich is funded by the city
the assigment requires that the table be filed out
[Project Name] united park Communication Plan
Project Manager: jhon oliver
This communication plan describes our strategy for keeping the project’s stakeholders sufficiently informed to avoid any disappointment regarding cost, schedule, or quality goals.
|
Stakeholder |
Information needs |
Frequency |
Medium |
Response |
|
[name] |
|
[daily, weekly, monthly] |
|
[describe] |
|
[name] |
|
[daily, weekly, monthly] |
|
[describe] |
In: Operations Management
Dantley's Furniture manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be $230 per table, consisting of 85% variable costs and 15% fixed costs. The company has surplus capacity available. It is Back Forrest's policy to add 55% markup to full costs. A large hotel chain is currently expanding and has decided to decorate all new hotels using the rustic style. Dantley's Furniture Incorporated is invited to submit a bid to the hotel chain. What is the lowest price per unit Dantley's Furniture should bid on this long- term order ?
Choices : A. $230
B. $196
C. $357
D. $161
In: Accounting