Questions
1. You decide to purchase a van to transport your hotel guests to and from the...

1. You decide to purchase a van to transport your hotel guests to and from the airport. This is a new service you are adding to your hotel because you have noticed from your STR reports that your competitors are having better occupancy percentages and slightly better ADRs. And after some research, you do have a very comparable product but your current guests have also put in their comment cards that they wish you would provide airport transportation. The cost of the van with the upgrades totals $75,000. You are not charging your guests anything but you have estimated that this new service, you should have an increase in your annual cash flow of $28,000 for the next 5 years. What is the IRR of this van?

In: Accounting

You are planning a May camping trip to Denali National Park in Alaska and want to...

You are planning a May camping trip to Denali National Park in Alaska and want to make sure your sleeping bag is warm enough. The average low temperature in the park for May follows a normal distribution with a mean of 32°F and a standard deviation of 8°F.

1.

What is the probability that the low temperature on a given night will be between 22°F and 29°F? Include 4 decimal places in your answer.

2.

What temperature must the sleeping bag be suited such that the temperature will be too cold only 5% of the time?  Include 1 decimal places in your answer.

3.

What is the probability that on a given night the low temperature will be 32°F? Include 4 decimal places in your answer.

In: Statistics and Probability

A survey found that​ women's heights are normally distributed with mean 63.3 in. and standard deviation...

A survey found that​ women's heights are normally distributed with mean 63.3 in. and standard deviation 2.3 in. The survey also found that​ men's heights are normally distributed with mean 69.1 in. and standard deviation 3.1 in. Most of the live characters employed at an amusement park have height requirements of a minimum of 57in. and a maximum of 62 in. Complete parts​ (a) and​ (b) below.

a. Find the percentage of men meeting the height requirement. What does the result suggest about the genders of the people who are employed as characters at the amusement​ park?

The percentage of men who meet the height requirement is ----- ​(Round to two decimal places as​ needed.)

b.If the height requirements are changed to exclude only the tallest​ 50% of men and the shortest​ 5% of​ men, what are the new height​ requirements?

In: Statistics and Probability

A finance team for Holden Hotel Inc. would like to evaluate a set of capital budgeting...

A finance team for Holden Hotel Inc. would like to evaluate a set of capital budgeting projects and wants to come up with the best decision according to the project’s IRR and PI. Net investment and net cash flow estimations for both projects are shown in the data table below:

Year

Project HHH

Project BBB

0

-$90,000

-$90,000

1

$60,000

$10,000

2

$50,000

$60,000

3

$10,000

$110,000

If the minimum required rate of return is 10.80% for both projects, which one of the projects is a better choice to invest in for Holden Hotel Inc.?

Group of answer choices

a. Either project HHH or project BBB

b. Project HHH

c. Neither one of the projects

d. Project BBB

In: Finance

A survey found that​ women's heights are normally distributed with mean 63.8 in. and standard deviation...

A survey found that​ women's heights are normally distributed with mean 63.8 in. and standard deviation 3.9 in. The survey also found that​ men's heights are normally distributed with mean 67.7 in. and standard deviation 3.5 in. Most of the live characters employed at an amusement park have height requirements of a minimum of 56 in. and a maximum of 62 in. Complete parts​ (a) and​ (b) below.

a. Find the percentage of men meeting the height requirement. What does the result suggest about the genders of the people who are employed as characters at the amusement​ park?

The percentage of men who meet the height requirement is _%

b. If the height requirements are changed to exclude only the tallest​ 50% of men and the shortest​ 5% of​ men, what are the new height​ requirements?

The new height requirements are a minimum of _ in. and a maximum of _ in.

In: Statistics and Probability

Henderson is on a business trip in New Jersey. He drove his car from New York...

Henderson is on a business trip in New Jersey. He drove his car from New York to New Jersey and checks into the Hotel Ritz. The Ritz has a guarded underground parking lot. Henderson gives his keys to the parking attendant, but did not tell him that his wife’s expensive ($15,000) fur coat was in the car. The coat was packed in a box in the trunk of the car. When Henderson went to check out the next day, he realized his car had been stolen. Henderson is very upset and wants to hold the hotel liable for the car and his wife’s $15,000 fur coat.

what will the insurance company do? Will they acknowledge the claim since the car was stolen at no fault to the owner? How will the owner prove that the coat was lost?

In: Operations Management

You are working on a bid to build two city parks a year for the next...

  1. You are working on a bid to build two city parks a year for the next three years. This project requires the purchase of $185,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the 3-year project life. The equipment can be sold at the end of the project for $34,000. You will also need $20,000 in net working capital for the duration of the project. The fixed costs will be $18,000 a year and the variable costs will be $168,000 per park. Your required rate of return is 15 percent and your tax rate is 34 percent. What is the minimal amount you should bid per park? (Round your answer to the nearest $100)

show work please I have no idea how to do this

In: Finance

You are working on a bid to build two city parks a year for the next...

You are working on a bid to build two city parks a year for the next three years. This project requires the purchase of $210,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the 3-year project life. The equipment can be sold at the end of the project for $34,000. You will also need $21,000 in net working capital for the duration of the project; all net working capital will be recovered at the end of the project. The fixed costs will be $19,000 a year and the variable costs will be $150,000 per park. Your required rate of return is 12 percent and your tax rate is 34 percent. What is the minimal amount you should bid per park? (Round your answer to the nearest $100)

In: Finance

Problem 11-14 Measures of Internal Business Process Performance [LO11-3] DataSpan, Inc., automated its plant at the...

Problem 11-14 Measures of Internal Business Process Performance [LO11-3]

DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations.

Month
1 2 3 4
Throughput time (days) ? ? ? ?
Delivery cycle time (days) ? ? ? ?
Manufacturing cycle efficiency (MCE) ? ? ? ?
Percentage of on-time deliveries 81 % 77 % 74 % 71 %
Total sales (units) 3180 3044 2888 2778

Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months:

Average per Month (in days)
1 2 3 4
Move time per unit 0.8 0.5 0.6 0.6
Process time per unit 3.5 3.3 3.2 3.0
Wait time per order before start of production 22.0 24.1 27.0 29.2
Queue time per unit 4.2 4.7 5.3 6.0
Inspection time per unit 0.6 0.7 0.7 0.6


Required:

1-a. Compute the throughput time for each month.

1-b. Compute the delivery cycle time for each month.

1-c. Compute the manufacturing cycle efficiency (MCE) for each month.

2. Evaluate the company’s performance over the last four months.

3-a. Refer to the move time, process time, and so forth, given for month 4. Assume that in month 5 the move time, process time, and so forth, are the same as in month 4, except that through the use of Lean Production the company is able to completely eliminate the queue time during production. Compute the new throughput time and MCE.

3-b. Refer to the move time, process time, and so forth, given for month 4. Assume in month 6 that the move time, process time, and so forth, are again the same as in month 4, except that the company is able to completely eliminate both the queue time during production and the inspection time. Compute the new throughput time and MCE.

In: Accounting

Let x be a random variable that represents the weights in kilograms (kg) of healthy adult...

Let x be a random variable that represents the weights in kilograms (kg) of healthy adult female deer (does) in December in a national park. Then x has a distribution that is approximately normal with mean μ = 54.0 kg and standard deviation σ = 8.5 kg. Suppose a doe that weighs less than 45 kg is considered undernourished. (a) What is the probability that a single doe captured (weighed and released) at random in December is undernourished? (Round your answer to four decimal places.) (b) If the park has about 2400 does, what number do you expect to be undernourished in December? (Round your answer to the nearest whole number.) does (c) To estimate the health of the December doe population, park rangers use the rule that the average weight of n = 70 does should be more than 51 kg. If the average weight is less than 51 kg, it is thought that the entire population of does might be undernourished. What is the probability that the average weight x for a random sample of 70 does is less than 51 kg (assuming a healthy population)? (Round your answer to four decimal places.) (d) Compute the probability that x < 56 kg for 70 does (assume a healthy population). (Round your answer to four decimal places.) Suppose park rangers captured, weighed, and released 70 does in December, and the average weight was x = 56 kg. Do you think the doe population is undernourished or not? Explain. Since the sample average is below the mean, it is quite likely that the doe population is undernourished. Since the sample average is above the mean, it is quite unlikely that the doe population is undernourished. Since the sample average is above the mean, it is quite likely that the doe population is undernourished. Since the sample average is below the mean, it is quite unlikely that the doe population is undernourished.

In: Statistics and Probability