Gale, McLean, and Lux are partners of Burgers and Brew Company with capital balances as follows: Gale, $91,000; McLean, $83,000; and Lux, $154,000. The partners share profit and losses in a 3:2:5 ratio. McLean decides to withdraw from the partnership. Prepare General Journal entries to record the May 1, 2017, withdrawal of McLean from the partnership under each of the following unrelated assumptions:

a. McLean sells his interest to Freedman for $175,000 after Gale and Lux approve the entry of Freedman as a partner (where McLean receives the cash personally from Freedman).

Record the admission of Freedman.

b. McLean gives his interest to a son-in-law, Park. Gale and Lux accept Park as a partner.

Record the admission of Park.

c. McLean is paid $83,000 in partnership cash for his equity.

Record withdrawal of McLean, where he is paid $83,000 in partnership cash for his equity.

d. McLean is paid $139,000 in partnership cash for his equity.

Record the withdrawal of McLean assuming, he is paid $139,000 in partnership cash for his equity.

e. McLean is paid $34,250 in partnership cash plus machinery that is recorded on the partnership books at $122,000 less accumulated depreciation of $90,000. (Round final answers to 2 decimal places.)

Record the withdrawal of McLean assuming, he is paid $34,250 in partnership cash plus machinery that is recorded on the partnership books at $122,000 less accumulated depreciation of $90,000.

1. A manufacturing company manufactures a cardboard box with a square base and a height of 15 inches. Suppose the equation x² +60x- 7,200 = 0 can be used to find the length and width of the base of the box, each measuring x inches.

Write the equation in factored form.

Use the zero product property to solve the equation. Show all the steps needed to find both answers.

Explain how the solution relates to this situation

2. City engineers decide to build a rectangular dog park that has an area of 3,600 square yards, where the length of the park is 10 more yards than twice its width. The equation x² +5x-1,800 = 0 can be used to find the width of the dog park.

Write the equation in factored form

Use the zero product property to solve the equation. Show all the steps needed to find both answers.

Explain how the solution relates to this situation.

3. A graphic designer uses a photo editing program to increase both the height and width of a square image by 3 inches. Suppose the equation x² +6x-55 = 0 can be used to find the height and width of the original image.

Write the equation in factored form.

Use the zero product property to solve the equation. Show all the steps needed to find both answers.

Explain how the solution relates to this situation.

Costs that change abruptly at different levels of activity because the resources are available only in indivisible chunks are called ________.

A) mixed costs

B) variable costs

C) fixed costs

D) step costs

Answer:

A compensation plan where the sales force is paid salary plus commission is a ________.

A) purely variable cost

B) mixed cost

C) step cost

D) fixed cost

Answer:

The break-even point on the cost-volume-profit graph is where the ________.

A) total cost line intersects the net profit line

B) total cost line intersects the net loss line

C) revenue line intersects the total cost line

D) revenue line intersects the variable cost line

Answer:

Suppose a hotel has annual fixed costs applicable to its rooms of $2.0 million for its 300-room hotel. Average daily room rents are $50 per room and average variable costs are $10 for each room rented. It operates 365 days per year. If the hotel is completely full throughout the year, what is net income for one year?

A) $1,280,000

B) $2,380,000

C) $3,180,000

D) $4,380,000

Answer:

Murphy Company produces dolls. Each doll sells for $20.00. Variable costs per unit are $14.00 and total fixed costs for the period are $435,000. What is the break-even point in units?

A) 21,750

B) 31,071

C) 51,176

D) 72,500

Pacific Hotels operates a centralized call center for the reservation needs of its hotels. Costs associated with use of the center are charged to the hotel group (luxury, resort, standard, and budget) based on the length of time of calls made (time usage). Idle time of the reservation agents, time spent on calls in which no reservation is made, and the fixed cost of the equipment are allocated based on the number of reservations made in each group. Due to recent increased competition in the hotel industry, the company has decided that it is necessary to better allocate its costs in order to price its services competitively and profitably. During the most recent period for which data are available, the use of the call center for each hotel group was as follows:

During this period, the cost of the call center amounted to $880,000 for personnel and $630,000 for equipment and other costs.

Required:

a. Determine the allocation to each of the divisions using the following:

1. A single rate based on time used. (Do not round intermediate calculations.)

2. Dual rates based on time used (for personnel costs) and number of reservations (for equipment and other cost). (Do not round intermediate calculations.)

Let x be a random variable that represents the weights in kilograms (kg) of healthy adult female deer (does) in December in a national park. Then x has a distribution that is approximately normal with mean μ = 64.0 kg and standard deviation σ = 7.7 kg. Suppose a doe that weighs less than 55 kg is considered undernourished.

(a) What is the probability that a single doe captured (weighed and released) at random in December is undernourished? (Round your answer to four decimal places.) Incorrect: Your answer is incorrect.

(b) If the park has about 2250 does, what number do you expect to be undernourished in December? (Round your answer to the nearest whole number.) Incorrect: Your answer is incorrect. does

(c) To estimate the health of the December doe population, park rangers use the rule that the average weight of n = 55 does should be more than 61 kg. If the average weight is less than 61 kg, it is thought that the entire population of does might be undernourished. What is the probability that the average weight x for a random sample of 55 does is less than 61 kg (assuming a healthy population)? (Round your answer to four decimal places.) Incorrect: Your answer is incorrect.

(d) Compute the probability that x < 65.1 kg for 55 does (assume a healthy population). (Round your answer to four decimal places.)

Saving the Glaciers

The glaciers have been disappearing from Glacier National Park in Montana and adjoining Waterton National Park in Canada. In 1850, Glacier is said to have had 150 glaciers; in 2006 there were 27. In response to this trend, various organizations petitioned for the parks to be designated endangered by being placed on the danger list of the World Heritage Committee. As one report says,

Endangered status would require the World Heritage Committee to find ways to mitigate how climate change affects the park, [the law professor who wrote the petition] said . . . Better fuel efficiency for automobiles and stronger energy efficiency standards for buildings and appliances are among the ways to reduce greenhouse pollution that contributes to warming, the petition [said].

But some denounced the petition as unnecessary and unsupported by scientific data, while one group of scientists estimated that if climate trends continue, Glacier Park’s glaciers will disappear completely by 2030.

Justify your answers: Suppose the glaciers’ melting would have no appreciable effect on the environ- ment except that they would no longer exist. Would conservationists still be justified in trying to save the glaciers? If so, how could they justify their efforts? If not, why not? Suppose the glaciers could be saved only if the government spends $10 billion on pollution controls—money that would have to be taken away from social programs. Would this cost be worth it? Why or why not? Using the utilitarian Theory

Mini Case Study – Sales and Marketing at the Edgewater Hotel Seattle Set on the Pier 67 in the Seattle Central Waterfront, the Edgewater is one of the most iconic properties in all of the Pacific Northwest. The hotel first opened as a temporary building, meant to attract visitors for the 1962 World's Fair. Today has built a rich history to match its ideal location and luxurious furnishings, but there’s a growing debate among the Sales & Marketing team about the direction of its market positioning. Bob Peckenpaugh, General Manger of the property, needs your help in deciding on their strategy A History of Rock ‘n Roll The Edgewater became famous both inside and outside of Seattle for hosting some of the biggest names in music. During the height of the “British Invasion” of America, the Beatles helped put the Edgewater on the map. A few months after the Beatles famous set on the Ed Sullivan Show, the Beatles spent the third stop on their first tour of America at the (then named) Edgewater Inn. Seattle hotel owners were afraid of riots and damage from a visit, so Don Wright, then Manager of the property took them in as he knew they would get a lot of attention for the Edgewater Inn. He was right.

1. Who do you think are the customers of Edgewater today? Does that align with the product?

2. What approach option do you think that Bob should take? Why is that the right approach or why are the other options the wrong approach?

This is for a hotel that would be located in the University of the Virgin Islands

Section VI: Marketing Strategies

Unit-level goals and strategies

A.        Marketing: At least five items need to be identified as part of the Marketing Strategy

1. Target market: should identify the primary customers of the business. This should include demographics including age ranges, socioeconomic status, customer locations.

2. Product mix strategy: this should consist of a description of the services offered at Lovango Key Resort. Current and Future. If you are not sure, research product mix.

3. Pricing strategy Pricing strategy should follow the product strategy. Thus, your work must state if the prices are higher, lower, or match the competition. You must defend your strategy as to why you have chosen this strategy. Be articulate.

4. Promotion and selling strategy: The promotion strategy is one key part of the overall marketing strategy. What promotional strategy will be developed? What is the recommended budget for advertising and other promotional activities. State what the promotional activities are planned. State what media you may plan for. How much does this cost per event? (hint, you must research costs. BE SURE TO CITE YOUR WORK and RESEARCH). It may be good to create a 1 year promotional plan to insert as part of this section of the strategic plan.

5. Service Strategy: Service strategy should be strait forward and outline the day-to-day service policies. This section should focus on the degree of service.

Finance & Real Estate Open Ended Question:

Many zoning laws have a rule that when a developer provides a positive externality for the neighborhood, for example by creating a park, they can build extra floors on their building. Do you think this is fair? Explain.

Discuss the factors that contributes to the lack of tour operator offering online booking for their packages despite computer and mobile phone applications that have been created to support many aspects of travel, including travel guides, customer reviews, with hotel and flight reservations.