Questions
Arts Centre Parking The following information is required for Questions 5–8: It is said that "Australia...

Arts Centre Parking

The following information is required for Questions 5–8:

It is said that "Australia has one of the world's great opera houses; unfortunately, the outside is in Sydney and the inside is in Melbourne."

The opera house in Melbourne is called the Arts Centre, and it has 250 seats. Demand for a typical opera is Q = 400 – 2P, but there is only demand so long as the opera patrons can park for free beneath the Arts Centre. (Opera patrons are lazy, and don't like to walk. They are also selfish, so each patron drives in a car all by himself or herself.)

There are 300 parking places beneath the Arts Centre, and the parking is owned and operated by the Arts Centre. Suppose there are no other uses for the parking places.

What price do you charge for the opera tickets? Answer is $100

For Questions 6–8 assume that the Arts Centre is very conveniently located in the middle of town, so its parking lot is very popular. They can sell as many parking places as they want for $20 per night. However, a Melbourne city ordinance prohibits them from charging more than $20 per night for parking. The system at the Arts Centre is to allow opera patrons to park for free, if they show their ticket, and to allow a certain number of "outside people" (non-opera-attenders) to park at $20 per night.

Q1) How many parking places do they set aside for "outside people", on an opera night?

Q2) Suppose that the very popular opera "Carmen" is showing tonight. Demand for that opera is Q = 600 - 2P.
How many parking places does the Arts Centre allow "outside people" to use, now?

Q3) Now what is the price of an opera ticket?

In: Economics

2015 2014 Rms Rate Rev Rms Rate Rev Retail 14,413 894.80 12,896,723 14,090 888.12 12,513,626 TMC/...

2015 2014
Rms Rate Rev Rms Rate Rev
Retail 14,413 894.80 12,896,723 14,090 888.12 12,513,626
TMC/ Consortia 7,530 831.31 6,259,727 5,638 807.66 4,553,604
Corporate 10,194 454.67 4,634,866 10,140 544.29 5,519,151
Pkg 3,150 826.13 2,602,319 3,420 684.80 2,342,001
Fit/ Wholesale 7,734 452.15 3,496,891 6,292 441.93 2,780,649
Disc 7,525 553.57 4,165,599 7,636 565.06 4,314,790
OTA 5,766 453.11 2,612,633 5,603 411.46 0
Ttl Trans 56,312 651.17 36,668,759 52,819 649.94 34,329,229
Gr Corp 9,093 446.61 4,061,033 8,341 441.02 3,678,584
Gr Assn 161 373.18 60,081 394 518.67 204,356
Gr Gov 0 0.00 0 8 309.00 2,472
SMERF 228 530.82 121,028 226 770.90 174,223
Ttl Group 9,482 447.39 4,242,141 8,969 452.63 4,059,635
Total Rooms 65,794 $ 621.80 $ 40,910,900.50 61,788 $ 621.30 $ 38,388,864.00

The Attached report shows the performance of Hotel XYZ for 2014 and 2015. Hotel XYZ is a luxury resort with a mix of 85% Transient and 15% Group.

After looking at this report, please answer the following questions:

  • What was the Total YOY( year over year) growth? Was the growth driven by Room nights? ADR? both?
  • Which segment drove this growth or decline? Transient or group?
  • Which sub-segment within Transient and Group drove the growth or decline? Please explain both.
  • Hotel XYZ overall strategy for next year is to grow rate without significantly increasing room nights. Based on the performance of 2015 and 2014, how will you shift your segmentation in order to achieve this?

In: Accounting

ERF Enterprises provides comprehensive AV services to institutions in the State of Colorado. Their customers fall...

ERF Enterprises provides comprehensive AV services to institutions in the State of Colorado. Their customers fall into 3 categories - Hospitals, Schools and Hotels

ERF's Executive Vice President of Operations, Jennifer Murray, has noted that the Hotel business, while profitable, seems to take a lot of ERF's support resources

Ms. Murray has asked for your support in getting a better picture of the profitability of each of the 3 lines of business

She provides the following data on the support activities of ERF for a 12-month period

Cost Driver

Cost per Unit

Site visits

# of visits

$100 per visit

Maintenance - minor repairs and support

Hours (incl travel)

$50 per hour

Phone calls and e-mails

# of calls/emails

$10 per call/e-mail

The average support-resource consumption by category is provided below:

Category

Site Visits

Maintenance (Hrs)

Calls/e-mails

Hospital

12

8

45

School

8

5

26

Hotel

64

20

12

Excluding the cost of support, the average profitability of each category is given below:

Category

Profit before cost of service and support

Hospital

$22,000

School

$20,000

Hotel

$25,000

Q1. Provide Ms. Murray with a an activity-based analysis of the profitability of each category of customer

Q2. After reviewing the data and analyses, what advice may be given to service personnel to improve profitability of the category with the lowest profit (after support cost)?

Is there some unusual explanation for high activity levels which could be further investigated? What creative questions could be asked?          

In: Accounting

The Appalachian Bear Center (ABC) is a not-for-profit organization located near the Great Smoky Mountains National...

The Appalachian Bear Center (ABC) is a not-for-profit organization located near the Great Smoky Mountains National Park. ABC’s programs include the rehabilitation of orphaned and injured black bears, as well as research and education about Appalachian black bears. ABC provides the most natural environment possible for rehabilitating black bears before their release back into the wild. Katie Settlage performed a study to learn more about the Appalachian black bear population in the Great Smoky Mountains National Park. She and a team of researchers used a sample of 68 black bears in the park and took measurements such as paw size, weight, and shoulder height.

Answer the following questions based on this data. As always, you must show all work and formulas used in order to receive full credit. Round all decimals to three places unless otherwise noted.

1. In the sample of 68 bears, 40 were males. Construct an 80% confidence interval for the population proportion of bears that are males and write a statement interpreting the interval. (12 points)

Questions 2 and 3 refer to the following information regarding the 28 female bears from the study. For these 28 female bears, the sample mean is 75.679 cm and the sample standard deviation is 7.592 cm. Assume the data is normally distributed and the sample is randomly selected.

2. Use the female sample to make an interval estimate of the mean shoulder height of female bears. Construct the confidence interval estimate using a 95% confidence level and make a statement interpreting this interval.

3. Using a 99% level of confidence, construct the confidence interval for the population standard deviation based on the female data and make a statement interpreting these intervals.

In: Statistics and Probability

The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of...

The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented out for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer.

  Month

Occupancy-

Days

Electrical
Costs

  January

3,180         

$

6,510

  February

2,920         

$

6,261

  March

3,780         

$

7,392

     

  April

2,160         

$

5,569

     

  May

650         

$

1,820

     

  June

2,050         

$

5,261

  July

4,050         

$

7,829

  August

4,070         

$

7,896

  September

1,780         

$

4,984

     

  October

570         

$

1,596

  November

1,580         

$

4,424

  December

2,680         

$

5,908

Required:

1.

Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount)

     

Occupancy

Electrical

Days

Costs

High activity level

Low activity level

Change

Variable cost

per occupancy-day

Fixed cost element


2.

What other factors other than occupancy-days are likely to affect the variation in electrical costs from month to month? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answers and double click the box with the question mark to empty the box for a wrong answers.)

  • Seasonal factors like winter or summer.unchecked
  • Number of days present in a month.unchecked
  • Systematic factors like guests, switching off fans and lights.unchecked
  • Income taxes paid on hotel income.

In: Accounting

Religious Rowan worked for many years for a hotel restaurant as a waitstaff person. The restaurant...

Religious Rowan worked for many years for a hotel restaurant as a waitstaff person. The restaurant had a family-style menu and was closed on Sundays. The restaurant was owned and operated by the hotel and primarily served a family oriented clientele. The restaurant was acquired by a national chain that changed the dynamic of the restaurant, making it into a bar and pub that was open 7 days per week.

Religious Rowan is a devout conservative churchgoer and does not believe in working on Sundays, because that is a time for church, nor does Rowan believe in the consumption of alcohol. Rowan told the new employers that due to religious beliefs, working any Sunday shifts and/or taking orders and serving alcohol to clients would be impossible.

The employer agreed that Rowan could always have Sundays off but insisted that Rowan get certified by the state to be able to sell alcohol as that was a new requirement of the waitstaff position. Rowan refused, and because there were always several other waitstaff personnel available that could take and serve alcohol orders, the restaurant said that was fine, because Rowan was otherwise an excellent employee.

Rowan was able to serve for 3.5 years in the same role with the accommodations of not working on Sundays or being involved in selling or serving alcohol without a problem. However, a new restaurant manager came in and determined that in order for the restaurant to improve its efficiency of operations, which was a goal the new manager was hired to implement, Rowan could still skip Sunday shifts but could no longer be accommodated by not participating in the sale of alcohol to customers as that pulled other waitstaff off of their assigned tables and was not perfectly efficient. Rowan refused to get licensed to sell alcohol or to serve it and was subsequently fired for insubordination. Rowan then sued for the failure of the hotel to accommodate her religious beliefs. How should the court rule and why?

In: Operations Management

How would you define both the built environment and the social environment. Discuss how these two...

How would you define both the built environment and the social environment. Discuss how these two environments can affect health at the individual, community, and population levels.

In: Nursing

How to determine coefficients for equilibrium constants? The equilibrium constant built in aspen has the following...

How to determine coefficients for equilibrium constants?

The equilibrium constant built in aspen has the following equation:

ln (Keq) = A + B / T

How to determine these coefficients: A, B

In: Other

In 500 or more words, address the following: Describe how Whole Foods built its competitive advantage....

In 500 or more words, address the following:

Describe how Whole Foods built its competitive advantage.

What IT assets and capabilities does Whole Foods utilize?

In: Computer Science

a) Describe how each of the following can be achieved i. Controlling a DC motor with...

a) Describe how each of the following can be achieved
i. Controlling a DC motor with pulse width modulator.
ii. Controlling a stepper motor that has a built-in controller.

In: Electrical Engineering