A survey found that​ women's heights are normally distributed with mean 66.3in. and standard deviation 3.4in. The survey also found that​ men's heights are normally distributed with mean 69.3in. and standard deviation3.5 in. Most of the live characters employed at an amusement park have height requirements of a minimum of 56 in. and a maximum of 64 in. A) The percentage of men who meet the height requirement is? B) If the height requirements are changed to exclude only the tallest 50% and the Shortest 5% of men what are the new height requirements? (min and max).

A hotel chain wants to estimate the average number of rooms rented daily in each month. The population of rooms rented daily is assumed to be normally distributed for each month with a standard deviation of 24 rooms.
During January, a sample of 16 days has a sample mean of 48 rooms. This information is used to calculate an interval estimate for the population mean to be from 40 to 56 rooms. What is the level of confidence of this interval? Report the level of confidence as a percentage and use 2 decimal places.

How can a theme park eliminate waiting in long lines including rides etc. How much will they cost? What resources and expenditures will your solution entail?

Ipswich Construction Company is a private company that follows ASPE. The company has a December 31 year-end. Ipswich commenced business operations on January 1, 2020. The company’s board of directors is currently meeting to choose between use of the completed-contract method and use of the percentage-of-completion method for reporting long-term construction contracts in its financial statements. You have been engaged to assist the company’s controller at the board meeting and have been provided with the following information:

construction activities for the year ended december 31, 2020

                                        Total Contract          Billings Through     Cash Collections

         Project                           Price                          12/31/20          Through 12/31/20

            A                           $   615,000                   $ 340,000               $   310,000

            B                                450,000                       135,000    135,000

            C                                475,000                       475,000    390,000

            D                                600,000                       240,000    160,000

            E                                 480,000                       400,000                      400,000

                                          $2,620,000                  $1,590,000            $1,395,000

                                         Contract Costs               Estimated

                                      Incurred Through     Additional Costs to

         Project                        12/31/20              Complete Contract

            A                           $   510,000                     $120,000

            B                                130,000                       260,000

            C                                350,000                               -0-

            D                                370,000                       290,000

            E                                 320,000                         80,000

                                          $1,680,000                     $750,000

Each contract is with a different customer and any work remaining to be done on contracts is expected to be completed in 2021.

Required:

1. Assume Ipswich Construction Company follows the completed contract method. Calculate the amount of gross profit/(loss) to be recorded for each project for 2020. If no gross profit/(loss) is to be recorded for a given project, enter a zero. Enter your answers in the table provided.

2. Assume Ipswich Construction Company follows the percentage of completion method. Calculate the amount of gross profit/(loss) to be recorded for each project for 2020. If no gross profit/(loss) is to be recorded for a given project, enter a zero. Enter your answers in the table provided.

3. Prepare the general journal entry to record revenue and gross profit on Project B for 2020, assuming that the company decides to follow the percentage-of-completion method.

            Note:   Supporting calculations must be shown.

The Empire Hotel is a full-service hotel in a large city. Empire is organized into three departments that are treated as investment centers. Budget information for the coming year for these three departments is shown as follows. The managers of each of the departments are evaluated and bonuses are awarded each year based on ROI. Empire Hotel

Hotel Rooms Restaurants Health Spa

Average investment $ 8,148,000 $ 4,761,000 $ 1,025,000

Sales revenue $ 10,000,000 $ 2,000,000 $ 600,000

Operating expenses 8,775,000 1,359,000 402,000

Operating earnings $ 1,225,000 $ 641,000 $ 198,000

Required:

a. Compute the ROI for each department. Use the DuPont method to analyze the return on sales and capital turnover. Assume the Health Spa is considering installing new exercise equipment. Upon investigating, the manager of the division finds that the equipment would cost $40,000 and that operating earnings would increase by $8,000 per year as a result of the new equipment.

b-1. What would be the ROI of investment in the new exercise equipment and Health Spa?

b-2. Would the manager of the Health Spa be motivated to undertake such an investment?

c-1. Compute the residual income for each department if the minimum required return for the Empire Hotel is 17 percent.

c-2. What would be the impact of the investment on the Health Spa's residual income?

The Empire Hotel is a full-service hotel in a large city. Empire is organized into three departments that are treated as investment centers. Budget information for the coming year for these three departments is shown as follows. The managers of each of the departments are evaluated and bonuses are awarded each year based on ROI.

Required:

a. Compute the ROI for each department. Use the DuPont method to analyze the return on sales and capital turnover.

Assume the Health Spa is considering installing new exercise equipment. Upon investigating, the manager of the division finds that the equipment would cost $40,000 and that operating earnings would increase by $8,000 per year as a result of the new equipment.

b-1. What would be the ROI of investment in the new exercise equipment and Health Spa?

b-2. Would the manager of the Health Spa be motivated to undertake such an investment?

c-1. Compute the residual income for each department if the minimum required return for the Empire Hotel is 17 percent.

c-2. What would be the impact of the investment on the Health Spa's residual income?

The construction industry is evolving towards greater use of integrative construction procurement strategies such as design and build, early contractor’s involvement, and/or turnkey contract: (a) Discuss any limitations in the cost planning process against the backdrop of a construction industry that adopts a more integrative construction approach.

During 2017, Ivanhoe Company started a construction job with a contract price of $1,590,000. The job was completed in 2019. The following information is available.

a) Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used.

Gross profit in 2017

Gross profit in 2018

Gross profit in 2019

b) Prepare all necessary journal entries for 2018.

Dr. Construction in Process

Cr. Materials, Cash, Payables

--

Dr. Accounts Receivable

Cr. Billings on Construction in Process

--

Dr. Cash

Cr. Accounts Receivable

--

Dr. Construction in Process

Dr. Construction Expense

Cr. Revenue from Long Term Contracts

c) Compute the amount of gross profit to be recognized each year, assuming the completed-contract method is used.

2017

2018

2019

( C++ ) Occupancy rate is often considered to be one of the top three most useful metrics for hotel owners. Generally speaking, those working in the hotel industry should be aiming for a high occupancy rate, because this indicates that space is being used efficiently.

The occupancy rate of a hotel is expressed as a percentage. So, for example, if a hotel has 100 rooms available to be sold and 60 of those rooms are occupied, the occupancy rate would be 60 percent.

How to Calculate Occupancy Rate

The occupancy rate can be calculated with the following formula:

Occupancy Rate = Number of Occupied Rooms / Total Number of Available Rooms

Example: If your hotel has 220 rooms and 210 of the rooms are occupied:

210 / 220 = 0.95 = 95 percent occupancy rate.

Program Description

Write a program that calculates the occupancy rate for a hotel. The program should start by asking the user how many floors the hotel has. Use the following message for the prompt: "How many floors does the hotel have? ".

A loop should then iterate once for each floor. In each iteration, the loop should ask the user for the number of rooms on the floor and how many are occupied. Use the following messages for the prompts:

"\nEnter the number of rooms on floor <floor number>: " and "\nHow many rooms are occupied on floor <floor number>? ".

Note: <floor number> should be substituted whith the floor number.

After all the iterations complete, the program should display a report similar to the following:

Total number of rooms: 330
Occupied rooms: 264
Unoccupied rooms: 66
Occupancy Rate: 0.80

Note: A new line should be displayed before the report is displayed and the occupancy rate should be displayed with 2 digits after the decimal.

Hint: Your program should use 2 accumulators to keep track of the total number of rooms in the hotel and how many rooms are occupied. Don't forget to initialize these variables to zero.

Input Validation

• Number of floors must be 1 or greater.
• Number of rooms on a floor must be 10 or greater.
• Number of occupied rooms must be a number between 0 and the number of rooms on that floor.

Loops should be used to continue prompting the user for input, until it is valid. If invalid input is entered, an error message should be displayed and the input should be read again. Use the error messages below.

Error messages:

• "\n->Number of floors must be 1 or greater. Try again: "
• "\n->Number of rooms must be 10 or greater. Try again: "
• "\n->Number of occupied rooms must be between 0 and <max rooms>. Try again: "

Note: <max rooms> should be replaced with the maximum number of rooms on the respective floor.

Reminder

Don't forget that to avoid integer division, one of the operands should be a floating point number. One way to avoid this is to use the static_cast operator to convert one of the operands to a double before dividing. Keep this in mind when you calculate the occupancy rate.