) Braha Boda Hotel’s is a company in the hospitality industry that take care of travelers along its area of operation. The budgets for the Hotel got the year 2010 are as follows:
GHS GHS
Occupants Charges 1,100,000
Costs:
Variable:
Direct supplies. 80,000
Direct salaries 600,000
Occupation service:
Overheads 65,000
Administration. 92,000
Fixed:
Overheads 125,000
Administration 140,000 1,102,000
Loss (2,000)
Additional Information:
1. Number of rooms available 100 per day
2. Occupants days 24,000 per annum
You are required to compute:
(i) The contribution margin ratio.
(ii) The break-even point in both occupants’ days and occupants’ charges.
(iii) The margin of safety ratio if the Hotel operates at fully capacity.
(iv) The break-even points one occupants’ days of direct salary were
increased to GHS626,000.
(v) The break-even in occupants’ days if fixed occupants service overheads were increased to GHS145,000.
In: Accounting
A survey found that women's heights are normally distributed with mean
62.1
in. and standard deviation
3.1 in. The survey also found that men's heights are normally distributed with mean 69.6 in. and standard deviation 3.7
in. Most of the live characters employed at an amusement park have height requirements of a minimum of
56 in. and a maximum of
63in. 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
nothing%.
(Round to two decimal places as needed.)
Since most men
▼
meet
do not meet
the height requirement, it is likely that most of the characters are
▼
women.
men.
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 nothing in. and a maximum of nothing in.
In: Statistics and Probability
1.
A random sample of ten households in College Park revealed they generated a mean of 10.91 pounds of garbage per week with a standard deviation of 4.736 pounds. Construct the 80% confidence interval to estimate the mean amount of garbage all College Park households generate per week
8.1646 pounds to 13.6554 pounds
7.5220 pounds to 14.2980 pounds
8.8387 pounds to 12.9813 pounds
6.0429 pounds to 15.7771 pounds
2.
Suppose National Collegiate Athletic Association [NCAA] rules state all student-athletes are to receive an average of 50 hours of academic support, per term. A random sample of 49 University of Maryland student-athletes revealed a mean of 47.5 hours of academic support per term. If the calculated value for the associated test statistic equaled -1.75, what was the standard deviation of the number of hours of academic support the student-athletes in the sample received per term?
12
15
7
10
In: Statistics and Probability
Taking the family to an amusement park has become increasingly costly according to the industry publication Amusement Business, which provides figures on the cost for a family of four to spend the day at one of America’s amusement parks. A random sample of 25 families of four that attended amusement parks yielded the following costs, rounded to the nearest dollar.
|
122 |
166 |
171 |
148 |
135 |
|
173 |
137 |
163 |
119 |
144 |
|
164 |
153 |
162 |
140 |
142 |
|
158 |
130 |
167 |
173 |
186 |
|
92 |
170 |
126 |
163 |
172 |
Given the cost is normally distributed.
a) Suppose the population standard deviation is $21. Determine a 95% confidence interval for the mean cost of a family of four to spend the day at an American amusement park.
c) What is the margin of error of the 95% confidence interval obtained ?
d) Suppose we want to find a 95% confidence interval with margin of error 0.5. How many samples shall we collect?
In: Statistics and Probability
Otay Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017.
|
Service revenue (from camping fees) |
$132,000 |
Dividends |
$ 9,000 |
|
Sales revenue (from general store) |
25,000 |
Notes payable |
50,000 |
|
Accounts payable |
11,000 |
Expenses during 2017 |
126,000 |
|
Cash |
8,500 |
Supplies |
5,500 |
|
Equipment |
114,000 |
Common stock |
40,000 |
|
Retained earnings (1/1/2017) |
5,000 |
Instructions
(a)
Determine Otay Lakes Park's net income for 2017.
(b)
Prepare a retained earnings statement and a balance sheet for Otay Lakes Park as of December 31, 2017.
(c)
Upon seeing this income statement, Walt Jones, the campground manager, immediately concluded, “The general store is more trouble than it is worth—let's get rid of it.” The marketing director isn't so sure this is a good idea. What do you think?
In: Accounting
Case 3: Recently, an association that represented police in New Jersey complained that the incidence of cancer was unusually high among police officers who used radar guns in tracking the speed of drivers. The association brought suit against the state, claiming that those officers who used these radar guns had an incidence of cancer 18 percent higher than a comparable group of government workers from the state park service who were randomly selected for comparison purposes. The comparison sample and the police officers were matched on educational level, age, gender, and years of service. The sample was large: 283 police officers and 231 park workers.
Was the case justified? Why or why not? (Be sure to support your answer with reference to the strengths and weaknesses of the design, and consider possible confounds.)
What kind of study is this? What are the problems associated with this kind of study?
How would you improve the study?
In: Psychology
You travel to one of the shops where you park your car beside a
Ferrari Testa Rossa in the store car park, and
enter the store to find an immaculately dressed lady who runs the
store on her own. The dresses sold in the
store retail for several thousand dollars an item. On chatting to
the lady, you discover the Ferrari is her
“getting to work” car. You note that there is no cash register and
are told that given the value of the dresses,
only a few sales a day are processed, and these are either by
EFTPOS using a single machine, or cash, which
is immediately banked. Customers are given handwritten detailed
receipts, which do not carry a serial
number.
Required:
Given the above situation critically analyse the sales process and
describe in detail what management
assertions may be at risk relative to sales. Give full reasons for
your choices. In your answer explain what
management assertions are.
In: Accounting
Case 401
Hotel Front Office Management
Ana Chavarria, front office manager, and Lorraine DeSantes, director of marketing and sales, have just returned from a computer conference at which they were able to look at the latest property management systems for hotels. Ana is enthusiastic about updating and adopting front office applications for reservations, registration, room status, posting, call accounting, checkout, and night audit. Lorraine is sure the marketing and sales applications will help her department be more efficient. Both realize the cost involved in obtaining modules for a property management system. What would you suggest they do prior to discussing this issue with Margaret Chu, general manager of The Times Hotel? Assuming Ms. Chu is willing to consider the purchase of a PMS, how should Ana and Lorraine proceed? Whom should they include in developing a PMS adoption plan, and why? What areas should they investigate?
In: Operations Management
A survey found that women's heights are normally distributed with mean 62.6 in. and standard deviation 2.1 in. The survey also found that men's heights are normally distributed with mean 69.4 in. and standard deviation 3.8 in. Most of the live characters employed at an amusement park have height requirements of a minimum of 57 in. and a maximum of 63 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 nothing%. (Round to two decimal places as needed.) Since most men ▼ meet do not meet the height requirement, it is likely that most of the characters are ▼ men. women. 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 nothing in. and a maximum of nothing in. (Round to one decimal place as needed.)
In: Statistics and Probability
Please answer fast! time limit ! just need 200 words+ Business Law paper
1.Identify the key legal issue(s) and address the question raised; 2) identify and correctly summarize supportive case law and any applicable statutory law and 3) in your analysis, apply law, including case law, to the facts in the essay prompt.
Question:Bianca was hired to drive an airport shuttle for a hotel. When Bianca was hired, she signed a written contract that stated specifically that she was an independent contractor. The hotel pays her by the hour and makes no withholding from her pay for taxes. She drives the hotel’s van and wears the required uniform when she is on duty. She is on-call twenty-four hours per day and she transports the hotel’s guests back and forth to the airport at the hotel’s request. Is Bianca an employee or independent contractor? Explain and provide thorough legal analysis.
In: Operations Management