What are the challenges a US based hotel may face in the Greece because of its accounting standards?
In: Accounting
The Hotel Arcata faces a risk that it will suffer a fire causing a $ 200 million dollar loss with a probability of 0.02. The owner of the firm, Jackie Johnson, has a utility function of the form U(W) = W ½, where W is the owner’s wealth. The wealth is measured by the value of the hotel, which is $ 225 million dollars (i.e., W = 225).
A. What is Jackie Johnson’s expected loss?
B. What is Jackie Johnson’s expected utility?
C. What is Jackie Johnson’s risk premium?
In: Economics
7. In a survey of 4000 travelers, 1500 said that location was very important for choosing a hotel and 1200 said that reputation was very important in choosing an airline. a. Construct a 95% confidence interval estimate for the population proportion of travelers who said that location was very important for choosing a hotel.
b. Construct a 95% confidence interval estimate for the population proportion of travelers who said that reputation was very important in choosing an airline.
c. Write a short summary of the information derived from (a) and (b).
In: Statistics and Probability
In: Statistics and Probability
Rooter's Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past 7 months are as follows: January February March April May June July Number of rooms cleaned 250 160 200 150 300 170 260 Cleaning cost $6,450 $4,060 $5,100 $4,100 $6,760 $4,200 $6,530 How much are estimated monthly variable costs using the high-low method?
In: Finance
Mr. Ahmed wants to open a small Edu park for children with special needs so that the Edu park will not only provide special education and training for such children but also give some fun related games where such children motor skills and concentration improves.
1Q. Help Mr. Ahmed in setting his overall goals, objectives and strategies for his new business
in context with his mission and goal.
2Q. Suggest him with good decision of marketing concepts for his new business.
In: Operations Management
Park Co.’s 2018 income statement reported $102,605 in income before provisions for income taxes. To compute the provision for federal income taxes, the following 2018 data are provided:
Installment sales to be collected in future years $6,728
Income from exempt municipal bonds $16,379
Depreciation deducted for financial reporting purposes $13,667
Depreciation deducted for income tax purposes $28,361
If the alternative minimum tax provisions are ignored, what amount should Park report as taxable income?
In: Accounting
Nikita is the manager of a local small hotel. Just today Nikita received word that a major convention will be coming to town next month, and the demand for hotel rooms is expected to skyrocket. In a conversation with the owner, she asked, "What should our approach to pricing be for the week of the convention? Should we require payment in full at the time of the reservation?" Which management method is Nikita using?
Multiple Choice
the synergy method
scientific management
the systems viewpoint
the devil's advocate method
the contingency viewpoint
In: Operations Management
Topic: Air Miles Canada:
AIR MILES is Canada’s largest coalition loyalty program, with more than ten million active Collector accounts and approximately two-thirds of Canadian households participating in the program. Collectors earn reward Miles by shopping with select sponsors, which can be used to redeem free flights, hotel accommodations, car bookings, merchandise, and more. AIR MILES has over 100 sponsors, including American Express, Toys R Us, Amazon, and more.
The Problem of the case,
The existing car and hotel booking experiences are drastically hurting conversion tunnels
Issues with the AIR MILES Travel booking experiences (flight, car, and hotel) is one, if not the greatest, driver of calls to the call centre, with wait times of up to 4 hours during peak seasons for travel. As a result, AIR MILES needed a redesign of the car and hotel booking experience to address the usability issues that are impacting the conversion tunnel and maintain consistency across the platform following the recent redesign of the flight booking experience.
Questions:
How would a data warehouse assist the marketing team at AIR MILES, going forward?
What functions would it perform that would be most useful?
Would a data-mining program be useful to AIR MILES?
Would it be helpful to Sponsors and Suppliers? If so, how? If not, why not?
In: Operations Management
Spring_Valley AU_Park 1375 910 1399 935 1450 1160 1270 800 970 910 1350 1020 925 1020 875 860 1000 850 1120 873 1130 1300 1200 1100 830 795 1300 1220 1220 985 925 1060 885 1040 1560 925 1380 1450 1250 1350 900 1280 900 1160 1150 975 1440 950 930 795
A) Calculate the summary statistics for both Spring Valley and AU Park. Enter the values that you calculate into the table below. Report the values to 2 decimal places.
Summary Statistics:
|
Column |
n |
Mean |
Std.dev. |
Median |
|
Spring Valley |
||||
|
AU Park |
B) What can you infer about the shape of the distribution of Spring Valley house prices by looking at the summary statistics you calculated in part c.
C) is there a difference in house prices in Spring Valley versus AU Park at α = 0.05.
(i) State the hypothesis that you want to test.
(ii) Record the value of the test statistic and its p-value.
(iii) What do you conclude for the test at α = 0.05?
D) Compute a 95% confidence interval for the difference in the mean house prices between Spring Valley and AU Park. Interpret your interval.
In: Math