1. Per GAAP, if we borrow some of the project’s costs in a specific loan and get the rest from cash that we have from the other general borrowings we have made in the past, what interest rate or rates do we use?
2. Per GAAP, this project is unique. It is one project with two parts—a hotel and a small retail area with shops. The hotel is going to take three years to complete and the retail shops will only take one year to complete. We will be able to open the shops in one year and start earning rent from our tenants. So my question is: Do we just capitalize on interest on the whole project for the full three years since that is when the whole project is complete? Or do we split it into parts? What are the rules?
In: Accounting
Mediterranean Hotel Investments PTY LTD, decides to issue 40-year bonds with a face value of $1000 and semiannual coupon payments. The effective annual yield on other bonds of similar risk and time to maturity is 6.5%, so the company decides to offer 7% annual coupon to attract investors. What would be a fair price for these bonds? Show all workings. Imagine that immediately after issue, the general level of interest rates in the economy moves to such an extent that the value of the Mediterranean Hotel Investments’ bond shifts to exactly $1000. What would now be the new bond-equivalent yield (the one that will be advertised in the financial press as an annual rate and is variously called Nominal Interest Rate, Quoted Interest Rate or sometimes just yield or interest rate)?
In: Finance
A study of the career paths of hotel general managers sent questionnaires to an SRS of 300 hotels belonging to major U.S. hotel chains. There were 187 responses. The average time these 187 general managers had spent with their current company was 9.93 years. (Take it as known that the standard deviation of time with the company for all general managers is 3.5 years.) (a) Find the margin of error for an 85% confidence interval to estimate the mean time a general manager had spent with their current company: 9.3109 years (b) Find the margin of error for a 99% confidence interval to estimate the mean time a general manager had spent with their current company: years (c) In general, increasing the confidence level the margin of error (width) of the confidence interval. (Enter: ''DECREASES'', ''DOES NOT CHANGE'' or ''INCREASES'', without the quotes.)
In: Statistics and Probability
PLEASE ANSWER ALL QUESTIONS!
1. A manager is reviewing the number of time share tours given by employees at a sales office. She knows the standard deviation of the number of tours given is 10.5. A sample of 64 sales associates finds an average of 49.29 tours given per month. What is the standard error?
Select one:
a. 0.16
b. 1.31
c. 19.75
d. 6.16
e. 1.50
2. You are designing a study to find the average number of hotel rooms booked during bike week. If the standard deviation is estimated to be 15.8, how many samples must be taken to get an answer within 0.9 hotel rooms with 80% confidence?
Select one:
a. 503
b. 504
c. 505
d. 506
e. 507
In: Statistics and Probability
According to national data, 20.7% of burglaries are cleared with arrests. A new detective is assigned to six different burglaries. What is the probability that at least one of them is cleared with an arrest?
Consider 4 species of plants in Point of Rocks Park where there are 160 White Pines, 80 Hackberries, 300 Pin Oaks, and 60 Tulip Poplars. What is the probability, and explain how you go about finding the probability, of randomly picking a Pin Oak out of this park.
The probability is . To get the probability, divide by .
Dr. Baum is analyzing the distribution of two genus of trees, Acer and Quercus. In the forest you are currently studying with her, there are 11 species in the genus Acer, while there are 87 species of the genus Quercus. How many possible combinations, consisting of one member from each genus, are possible?
In: Statistics and Probability
. You are working on a bid to build two city parks a year for the next three years. This project requires the purchase of $180,000 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 $16,000 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?
A. $72,500
B. $128,600
C. $154,300
D. $189,100
E. $217,600
Please give detailed explanation about how to get each value
In: Finance
What are the different white-collar crimes? Representatives of hotels, restaurants, hotel and restaurant supply companies, and other businesses located in Portland, Oregon, organized an association to attract conventions to their city. Members were asked to make contributions equal to 1 percent of their sales to finance the association. To aid collections, hotel members, including Hilton Hotels Corporation, agreed to give preferential treatment to suppliers who paid their assessments and to curtail purchases from those who did not. This agreement violated federal antitrust laws. The United States sued the members of the association, including Hilton Hotels, for the crime of violating federal antitrust laws. Can a corporation be held criminally liable for the acts of its representatives? If so, what criminal penalties can be assessed against the corporation?
In: Economics
A study of the career paths of hotel general managers sent questionnaires to an SRS of 250 hotels belonging to major U.S. hotel chains. There were 127 responses. The average time these 127 general managers had spent with their current company was 8.92 years. (Take it as known that the standard deviation of time with the company for all general managers is 2.8 years.)
(a) Find the margin of error for a 90% confidence interval to estimate the mean time a general manager had spent with their current company: years
(b) Find the margin of error for a 99% confidence interval to estimate the mean time a general manager had spent with their current company: years
(c) In general, increasing the confidence level the margin of error (width) of the confidence interval. (Enter: ''DECREASES'', ''DOES NOT CHANGE'' or ''INCREASES'', without the quotes.)
In: Math
A study of the career paths of hotel general managers sent questionnaires to an SRS of 240 hotels belonging to major U.S. hotel chains. There were 133 responses. The average time these 133 general managers had spent with their current company was 12.37 years. (Take it as known that the standard deviation of time with the company for all general managers is 1.5 years.) (a) Find the margin of error for a 90% confidence interval to estimate the mean time a general manager had spent with their current company: years (b) Find the margin of error for a 99% confidence interval to estimate the mean time a general manager had spent with their current company: years (c) In general, increasing the confidence level the margin of error (width) of the confidence interval. (Enter: ''DECREASES'', ''DOES NOT CHANGE'' or ''INCREASES'', without the quotes.)
In: Math
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.
| Throughput time (days) | ? | ? | ? | ? | ||||
| Delivery cycle time (days) | ? | ? | ? | ? | ||||
| Manufacturing cycle efficiency (MCE) | ? | ? | ? | ? | ||||
| Percentage of on-time deliveries | 77 | % | 72 | % | 69 | % | 66 | % |
| Total sales (units) | 3880 | 3715 | 3525 | 3391 | ||||
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 | 0.7 | 0.4 | 0.5 | 0.5 | |||||
| Process time per unit | 3.7 | 3.5 | 3.3 | 3.1 | |||||
| Wait time per order before start of production | 25.0 | 27.4 | 31.0 | 33.5 | |||||
| Queue time per unit | 4.5 | 5.2 | 6.0 | 6.9 | |||||
| Inspection time per unit | 0.6 | 0.8 | 0.8 | 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