On January 2, 2017, Chair King Co. purchased a new van for $45,000. The van had an expected useful life of six years, and an expected salvage value of $15,000. The company expected that in those six years, the van would be driven for 150,000 miles based on the following schedule:

2017 – 13,000 miles

2018 – 21,000 miles

2019 – 28,000 miles

2020 – 29,000 miles

2021 – 37,000 miles

2022 – 22,000 miles

Required:

Assuming a December 31 year-end, prepare a depreciation schedule for the life of the van using:

Straight-line depreciation

Units-of-production depreciation

Double-declining-balance depreciation

Q2. Distance (000, miles) traveled by a truck in a year is distributed normally with μ = 50.0 and σ = 12.0.

       Find

a. the proportion of trucks are expected to travel from 34.0 to 59 (000, miles)? (0.6816)

b. the probability that a randomly selected truck travels from 34.0 to 38.0 (000, miles)? (0.0669)

c. the %age of trucks that are expected to travel either below 30.0 or above 59.0 (000 miles) ? (27.41)

d. how many of the 1000 trucks in the fleet are expected to travel from 30.0 to 59.0 (000 miles)? (726)

e. how many miles will be traveled by at least 80% of the trucks? (40, 000 miles)

Explain why this statement is false: Since there are many hotels and many hotel customers in San Francisco, it is definitely appropriate to use the supply and demand model to analyze the market for hotel rooms in San Francisco. [Hint: Under what circumstances is the supply and demand model appropriate?]

Outline the three different parts of the Theme Park product. Explain why the product lifecycle of the Theme Parks steeps early very quickly. Disney theme park product is the responsibility of “Disney Imagineers” who are they and what are interactive products? (give examples where possible)

The senior vice president for marketing at a Hotel believes that the company’s recent advertising of the hotel has decreased the average room idle rate. To test the hypothesis, random sample of daily idle rates (in percentages) before the advertising is collected. A similar random sample of daily idle rates is collected after the advertising took place. The data are as follows.

Before (%) 8 17 12 21 19 10 After (%) 6 10 1 11 17 8

Is there evidence that the average room idle rate of the hotel has decreased after the advertising at the 0.01 level of significance.

Maple Park Senior Center has a weekly payroll of $15,000. December 31 falls on Wednesday, and Maple Park Senior Center will pay its employees the following Monday (January 5) for the previous full week. Assume Maple Park Senior Center has a five-day workweek and has an unadjusted balance in Salaries Expense of $600,000.

Requirements

1. Record the adjusting entry for accrued salaries on December 31.
2. Post the adjusting entry to the accounts involved and show the balances after adjustments.
3. Record the journal entry for payment of salaries made on January 5.

The demand curve of the only customer in the amusement park is QD = 200-P. The park charges an admission fee of 100, while each ride costs 9.

1. Determine the supply curve of the park.
2. Determine the producer surplus without distortions in the market.
3. Determine the consumer surplus without distortions in the market.
4. Price at which dead weight loss is minimized?
5. At which quantity does it occur (in rides)?
6. if the government wishes to limit the number of rides per person to at most 5 per person, calculate the loss in economic efficiency.

The Modern Motel Industry" outline a very small marketing plan for the hotel segment you researched. Please be as creative as you like. Analyze modern ownership and management patterns, and create a list of best practices for those wishing to either invest in or make a career in the hotel industry. "Group Bookings" Considering the same hotel you used evaluate and discuss the pros and cons of taking group bookings. Please give specific examples relevant to the chain you selected. Create guidelines for negotiating convention or group rates specific to the city or town in which you live.

A small hotel has 50 rooms that rent for $105 per night and cost $45 to clean and prepare each night they are used. All rentals are by reservation and there is a 10% chance that an individual reservation will not show up. If a customer arrives at the hotel with a reservation and no room is available due to overbooking, the hotel will refund the cost of the room and pay $150 to put the customer up at another hotel. The hotel’s current policy is to stop accepting reservations reaches the overbooking limit of 56 reservations.

a. Develop a simulation model to evaluate the hotel’s total profit and number of customers turned away when it receives the maximum number of reservations under the current policy.

b. Describe your estimate of the distribution of total profit?

c. What is your estimate of the mean total profit?

d. What is your estimate of the mean number of customers turned away?

Please Solve in Excel

Isle Royale SimBio lab model:

You have accepted a position with the U.S. Fish and Wildlife Service. You are asked to advise the U.S. Park Service on likely future population fluctuations in wolf and moose populations on Isle Royale. National Park Service policy is not to intervene in natural ecological processes unless absolutely necessary.

a) Based on your understanding of current ecological concepts, especially the importance of numerical and functional responses of wolves and moose (Krebs, pages 222-223) as well as both direct and indirect species interactions, list three alternatives for the Park Service regarding how to manage the predator population that is currently threatened by local extinction on Isle Royale. What sources did you use in developing your alternative suggestions?

b) Explain which of the three alternatives you would select if you were the Park Superintendent.