In: Economics
Pulau Penang Island Resort. Theresa Nunn is planning a 30-day vacation on Pulau Penang, Malaysia, one year from now. The present charge for a luxury suite plus meals in Malaysian ringgit (RM) is RM1,041/day. The Malaysian ringgit presently trades at RM3.1350/$. She determines that the dollar cost today for a 30-day stay would be $9,961.72. The hotel informs her that any increase in its room charges will be limited to any increase in the Malaysian cost of living. Malaysian inflation is expected to be 2.7397% annum, while U.S. inflation is expected to be 1.287%.
a. How many dollars might Theresa expect to need one year hence to pay for her 30-day vacation?
b. By what percent will the dollar cost have gone up? Why?
In: Finance
For each of the following activities, explain which of the objectives of managerial accounting activity is involved. In some cases, several objectives may be involved.
1. Developing a bonus reward system for the managers of the various offices of the American Automobile Association.
2. Comparing the actual and planned cost of a consulting engagement completed by an engineering firm such as Allied Engineering
3. Determining the cost of manufacturing a tennis racket at Wilson Sporting Goods
4. Measuring the cost of the inventory of digital cameras on hand in a store.
5. Estimating the annual operating cost of a newly proposed branch bank.
6. Measuring the following costs incurred during one month in a hotel: a. Wages of table-service personnel. b. Property taxes.
7. Comparing a room rate structure, occupancy rate, and restaurant patronage with industry averages.
In: Accounting
Malaysian Island Resort. Theresa Nunn is planning a 30-day vacation on Pulau Penang, Malaysia, one year from now. The present charge for a luxury suite plus meals in Malaysian ringgit (RM) is 1,044/day. The Malaysian ringgit presently trades at RM3.1350/$. She determines that the dollar cost today for a 30-day stay would be $9,990.43. The hotel informs her that any increase in its room charges will be limited to any increase in the Malaysian cost of living. Malaysian inflation is expected to be 2.7625% annum, while U.S. inflation is expected to be 1.293%.
a. How many dollars might Theresa expect to need one year hence to pay for her 30-day vacation?
b. By what percent will the dollar cost have gone up? Why?
In: Finance
In this module, you learned about the components involved in the effective management of operations.
This video case is about Numi Organic which is the tea of choice for high-end restaurants, hotel chains, and cruise lines.
View Numi Organic Tea: The Value Chain, IT, and E-Business (Time: 6:56. This video uses the Amara Toolbar to display captions.) and answer the following questions by providing 1-2 paragraphs for each item:
How does Numi’s relationship with third parties address operations systems elements in areas related to product-mix, capacity, facilities, and layout? What is the benefit of their approach?
Describe the technologies and tools used by Numi in managing
performance. Why did the tea maker eventually adopt a more complex
information technology system?
In: Operations Management
A semiprofessional baseball team near your town plays two home games each month at the local baseball park. The team splits the concessions 50/50 with the city but keeps all the revenue from ticket sales. The city charges the team $100 each month for the three-month season. The team pays the players and manager a total of $1000 each month. The team charges $10 for each ticket, and the average customer spends $6 at the concession stand. Attendance averages 30 people at each home game.
The team earns an average of (1)$___ in total revenue (tickets
plus share of concessions) for each game and (2) $___ of revenue
each season.
With total costs of (3)$____ each season, the team finishes the
season with (4)$____ of profit.
In: Economics
In: Statistics and Probability
In: Statistics and Probability
You have been hired by a company that is designing a new slide (Chorrera) for an aquatic amusement park. In the conceptual design, a customer is expected to go down the curved end slide and then move horizontally across the bottom. At the end of the slide, the client grasps the end of a 16.0 m long vertical bar that can rotate around its center. After holding on to the bar, the client falls into a pool. When the bar moves (oscillates) to its maximum distance, the customer can drop it and fall into the water. Your task is to determine the height of the slide such that the maximum horizontal distance that the bar moves is 5.0 m, for a 60 kg person. The bar has five times the mass of a 60 kg person. From the physics book, you can find the moment of inertia of the bar under consideration.
In: Physics
1. A rock is thrown downward into a well that is 8.70 m deep.
If the splash is heard 1.10 seconds later, what was the initial speed of the rock? Take the speed of sound in the air to be 343 m/s.
2. A bird-watcher is hoping to add the white-throated sparrow to her "life list" of species. Person, only 1.00 m from the bird, hears the sound with an intensity of 2.68×10?5 W/m2 .
How far could she be from the bird and still be able to hear it? Assume no reflections or absorption of the sparrow's sound.
3. At Zion National Park a loud shout produces an echo 2.00 s later from a colorful sandstone cliff.
How far away is the cliff? Take the speed of sound in the air to be 343 m/s .
In: Physics