A phone company is testing a device that would allow visitors to museums, movie goers and other attractions to get information at the touch of a digital code. For example, moviegoers can listen to an announcement recorded on a microchip that provides them a preview of the movies they want to watch. It is anticipated that the device would rent for $3.00 each. The installation cost for the complete system is expected to be approximately $400,000, but movie theater owners are unsure as to whether or not to take the risk. A financial analysis of the issue indicates that if more than 10% of the movie patrons use the device the movie theater will make a profit. To help make the decision, a random sample of 400 moviegoers is given details of the system’s capabilities and cost. If 48 people say they would rent the device, can the management of the movie theater conclude at the 5% significance level that the investment would result in a profit? (The responses to the survey are: Yes, I would rent the device; and No, I would not rent the device)

The research question is: Is the product profitable? The parameter is p (the proportion of movie goers who would rent the device). Conduct a One Sample Test for Independent Proportions and accept or reject the hypothesis (show your work). Write the steps for hypotheses testing:

1. Hypotheses
2. Test statistic
3. Set up the decision rule/rejection region (i.e. reject Ho if z…..) (Draw the curve)
4. Compute test statistic.
5. Write the conclusion
6. P Value ( Show Work )

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

Describe the two procedural differences in getting a bar charge to the front-office folio if:

1. The hotel has a property management system with an interface to the bar’s POS
2. Or, the hotel does not have a property management system. In simple terms explain how each would be billed differently to the guest

1. Explain the attraction of gaming entertainment to the destination of a tourist.

2. How are hotel operations in a gaming entertainment business different from hotel operations in a nongaming environment?

3. List the duties of CVBs.

4. Describe the main types of meeting setups.

Please explain these questions within 300 words in total.

The miles per gallon ratings for 2001 model year vehicles vary according to an approximately Normal distribution with mean μ = 22.35 miles per gallon and standard deviation σ = 5.29 miles per gallon.

(a) What percent of vehicles have miles per gallon ratings greater than 28?
________%

(b) What percent of vehicles have miles per gallon ratings between 28 and 31?
________%

(c) What percent of vehicles have miles per gallon ratings less than 12.74?
_________%

Prior to adjustment at the end of the year, the balance in Trucks is $298,988 and the balance in Accumulated Depreciation—Trucks is $101,200. Details of the subsidiary ledger are as follows:

A. Determine the depreciation rates per mile and the amount to be credited to the accumulated depreciation section of each of the subsidiary accounts for the miles operated during the current year.

**Only need help with credit accumulated depreciation**

B. Journalize the entry on Dec. 31 to record depreciation for the year. Refer to the Chart of Accounts for exact wording of account titles.

The J. Miles Corp. has 25 million shares outstanding with a share price of $ 20 per share. Miles also has outstanding​ zero-coupon debt with a 5​-year ​maturity, a face value of $ 900 ​million, and a yield to maturity of 9 %. The​ risk-free interest rate is 5 %.

a. What is the implied volatility of​ Miles' assets?

b. What is the minimum profitability index required for equity holders to gain by funding a new investment that does not change the volatility of​ Miles' assets?

c. Suppose Miles is considering investing cash on hand in a new investment that will increase the volatility of its assets by 10 %. What is the minimum NPV such that this investment will increase the value of​ Miles' shares?

The J. Miles Corp. has 25 million shares outstanding with a share price of $ 20 per share. Miles also has outstanding​ zero-coupon debt with a 5​-year ​maturity, a face value of $ 900 ​million, and a yield to maturity of 9 %. The​ risk-free interest rate is 5 %.

a. What is the implied volatility of​ Miles' assets?

b. What is the minimum profitability index required for equity holders to gain by funding a new investment that does not change the volatility of​ Miles' assets?

c. Suppose Miles is considering investing cash on hand in a new investment that will increase the volatility of its assets by 10 %. What is the minimum NPV such that this investment will increase the value of​ Miles' shares?

One of the longest debates in accounting history is the issue of deferred taxes. The controversy began in the 1940s and has continued, even after the FASB issued Statement of Financial Accounting Standards No.109 [FASB ASC 740: Income Taxes] in 1992. At issue is the appropriate treatment of tax consequences of economic events that occur in years other than that of the events themselves.

Required:

1. Distinguish between temporary differences and permanent differences. Provide an example of each.

2. Distinguish between intraperiod tax allocation and interperiod tax allocation (deferred tax accounting) Provide an example of each.

3. How are deferred tax assets and deferred tax liabilities classified and reported in the financial statements?

Amir Labib gets a reduced rate from his auto insurance company because he represents in his application that he commutes less than ten miles a day to work. Three years later, he and his wife buy a new residence, farther away from work, and he begins a fifteen-mile-a-day commute. The rate would be raised if he were to mention this to his insurance company. The insurance company sees that he has a different address, because they are mailing invoices to his new home. But the rate remains the same. Amir has a serious accident on a vacation to Yellowstone National Park, and his automobile is totaled. His insurance policy is a no-fault policy as it relates to coverage for vehicle damage. Is the insurance company within its rights to deny any payment on his claim? How so, or why not?

In 2009, Peter Calhoun gets a life insurance policy from Northwest Mutual Life Insurance Company, and the death benefit is listed as $250,000. The premiums are paid up when he dies in 2011 after a getaway car being chased by the police slams into his car at fifty miles per hour on a street in suburban Chicago. The life insurance company gets information that he smoked two packs of cigarettes a day, whereas in his application in 2009, he said he smoked only one pack a day. In fact, he had smoked about a pack and a half every day since 1992. Is the insurance company within its rights to deny any payment on his claim? How so, or why not?

Much of Trail Ridge Road in Rocky Mountain National Park is over 12,000 feet high. Although it is a beautiful drive in summer months, in winter the road is closed because of severe weather conditions. Sustained gale-force winds (over 32 miles per hour and often over 90 miles per hour) occur on the average of 0.7 times every 56 hours at a Trail Ridge Road weather station.

(a) Let r = frequency with which gale-force winds occur in a given time interval. Explain why the Poisson probability distribution would be a good choice for the random variable r.

1) Frequency of gale-force winds is a common occurrence. It is reasonable to assume the events are independent.

2) Frequency of gale-force winds is a rare occurrence. It is reasonable to assume the events are dependent.  

3) Frequency of gale-force winds is a common occurrence. It is reasonable to assume the events are dependent.

4) Frequency of gale-force winds is a rare occurrence. It is reasonable to assume the events are independent.

(b) For an interval of 106 hours, what are the probabilities that r = 2, 3, and 4? What is the probability that r < 2? (Use 2 decimal places for λ. Use 4 decimal places for your answers.)

(c) For an interval of 173 hours, what are the probabilities that r = 3, 4, and 5? What is the probability that r < 3? (Use 2 decimal places for λ. Use 4 decimal places for your answers.)