Operation
 This application calculates the charges for a stay at a hotel based on the arrival and departure dates.
 The application begins by prompting the user for the month, day, and year of the arrival and the departure.
 Next, the application displays the arrival date, the departure date, the room rate, the total price, and the number of nights.

Specifications
 Create a class named Reservation that defines a reservation. This class should contain instancevariables for the arrival date and departure date. It should also contain a constant initialized to thenightly rate of $115.00.
 The Reservation class should contain a constructor that accepts the arrival and departure dates asparameters of type Date, as well as methods that return the number of nights for the stay (calculatedby subtracting the arrival date from the departure date) and the total price (calculated by multiplyingthe number of nights for the stay by the nightly room rate). This class should also override thetoString method to return a string like this:

Arrival Date: Monday, May 16, 2005Departure Date: Wednesday, May 18, 2005Price: $115.00 per nightTotal price: $230.00 for 2 nights
 The main method for the application class should contain a loop that asks the user for the arrival anddeparture date information, creates a Reservation object, and displays the string returned by thetoString method.
 Assume valid data is entered.

Enhancements
 Add validation so the user must enter values that will result in a correct date. Allow the user to enter the date in the form mm/dd/yyyy. Allow the user to enter the room rate or select the rate from one of several available rates. Use the BigDecimal class rather than the double type for the price calculation.

Note
This application requires the use of the GregorianCalendar class to create dates from the int valuesentered by the user. Then, it requires the use of the getTime method to convert the GregorianCalendarobject to a Date object.

There are many reasons for an owner to place a brand on their hotel, but some feel that three factors are beginning to challenge the brand value proposition:

• Distribution sites, such as Expedia.com and Booking.com
• Review sites, like TripAdvisor and Yelp
• The lack of brand loyalty often shown by Millennials

Do you think these factors represent a real challenge to brands, or are they just hype? Will brands need to adjust their value proposition?

The time needed for checking in at a hotel is to be investigated. Historically, the process has had a standard deviation equal to .146. The means of 39 samples of n = 17 are

a-1. Construct an x⎯⎯x¯ -chart for this process with three-sigma limits. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
  

a-2. Is the process in control?

• Yes

• No

b. Analyze the data using a median run test and an up/down run test. What can you conclude?

rev: 04_08_2019_QC_CS-165352

FRAUDD EXAMINATION

Case 4

Stephanie Adkins is an accountant who is trained in forensic accounting. She is an experienced fraud investigator. She was recently hired by Lake Side Hotels, a closely-held corporation, to investigate a company manager who is suspected of taking kickbacks from vendors.

Stephanie gave Lake Side her standard engagement letter stating that the scope of the engagement would be limited to investigating only one suspect. It did not guarantee findings or results.

According to the provisions of Stephanie’s engagement, she was to communicate directly with Bernie James, the company’s controller, and Amanda Peterson, the outside attorney.

At the first meeting of this team, Bernie indicated that Lake Side had received four separate anonymous tips about possible kickbacks. All the tips indicated that Laurie Miller, an evening manager, was taking kickbacks from food vendors. One tip named a particular vendor, the Mid States Beef Source, a company that supplies meat to the hotel’s restaurants.

Stephanie asked if Bernie had any documentation that supports Laurie Miller’s possible involvement in kickbacks. Bernie had no documentation but hoped Stephanie could help them substantiate the information from the anonymous tips. He was concerned that kickbacks would hurt the hotel financially.

Amanda, the outside attorney, said that she had already talked to several hotel employees and was convinced that Laurie was guilty.

Kickback schemes can be difficult to uncover, so Stephanie wanted to proceed cautiously.

Bernie wanted to confront Laurie immediately. He was convinced she would confess if he told her that he had evidence against her.

Stephanie asked what evidence Bernie had. Bernie said, “Only the anonymous tips, but I know she will confess if we bluff.” It was against Stephanie’s professional principles to lie and she said so.

“Detectives do it all the time on cop shows,” Bernie said. Stephanie insisted she would need to run the investigation her way or she wouldn’t be able to undertake this engagement.

In relation to this scenario, write responses to the following:

What steps might Stephanie follow to proceed with her investigation?

What mistakes, if any, have already been made in the investigation?

In the world of Human Resources, the acronym "KSA" stands for Knowledge, Skills, and Abilities. Assessors apply it to evaluate candidates' qualifications in terms of the general requirements of a job, With this in mind, please identify the key advantage, in terms of knowledge, skills, or abilities, of each of the six candidates.

1. Atasi Das: Born in the United States, Das joined TCT nine years ago after earning her MBA from a university in New England. At 37, she has successfully moved between staff and line positions and assumed broader responsibilities in strategic planning. For two years, she was the assistant director of a midsized product group. Her performance regularly earns excellent ratings. Currently, she directs supply-chain logistics from TCT’s home office. Upon joining TCT, she stated her goal was to work internationally, pointing to her undergraduate major in international management. She has reiterated her interest in international responsibilities and her interest in continuing with TCT. She is open to looking for help opportunities elsewhere. She speaks Hindi and is unmarried. Her parents, who now live in the United States, are first-generation immigrants from India. She has relatives in India’s northern states, Kashmir and Punjab.

2. Brett Harrison: Harrison, 44, has spent 15 years with TCT, running both line activities and supervising staff centers. His superiors consider him a seasoned executive poised to move into upper-level management. For the past two years, he has worked in the Singapore-based Asian Regional Office, as director of strategic planning. He regularly tours TCT’s Asian operations. He and his wife, along with their two teenage children, have traveled to India a few times and are familiar with its geography, politics, customs, and outlooks. The Harrisons know other expats in Bengaluru. Mrs. Harrison works as the marketing director for the Singapore subsidiary of a Japanese pharmaceutical MNE. It presently has sales, but no operating unit in India.

3. Jalan Bukit Seng: Seng, 52, is the managing director of TCT’s laser printer manufacturing plant in Malaysia. A citizen of Singapore, he has worked in Singapore or Malaysia. He has regularly commuted to various TCT factories, helping to reset assembly systems and supervising equipment refits. He earned an undergraduate and MBA degrees from the National University of Singapore and speaks Singapore’s four official languages--Malay, English, Mandarin, and Tamil. His performance reviews are consistently positive, with a periodic ranking of excellent. Seng is unmarried but has family members in Singapore and Malaysia.

4. Ravi Desai: Currently an assistant managing director in TCT Japan, Desai oversees production units in Japan and South Korea. A citizen of India, he has spent his 15 years with TCT working in various operational slots throughout Asia. Now 37, he holds an MBA from the prestigious Indian Institute of Management. Some see him as a likely candidate to direct the Indian operation eventually. He is married, has two children (ages 2 and 7), and speaks English and Hindi well. His wife, also a native of India, neither works outside the home nor speaks English.

5. Saumitra Chakraborty: At 32, Chakraborty is the assistant to the departing managing director in India. He has held that position since joining TCT India upon graduating from a small private university in Switzerland eight years earlier. Unmarried, he consistently earns a job performance rating of excellent in customer relationship management. He has increased TCT India’s sales, largely owing to his social connections with prominent Indian families and government officials along with his skillfulness in the ways of the Indian business environment. Besides speaking India’s main languages of English and Hindi, Chakraborty is the only candidate who speaks Kannada (the local language of Bengaluru). Presently, he lacks line experience.

6. Tom Wallace: A 30-year veteran of TCT USA, Wallace has broad technical skills and sales experience. He worked with Gary Kent on supply-chain projects in the United States. Although he has never worked abroad, he has toured TCT’s foreign operations. He recently expressed interest in an expatriate slot. His superiors typically rate his performance as excellent. Wallace is set to retire in seven years. He and his wife speak only English. They have three adult children who live with their families in the United States. Presently, Wallace manages a U.S. unit that is a little larger than the present size of TCT India. The merger of his unit with another TCT division will eliminate his current position in nine months.

1. Indicate whether the following people are employed, unemployed or not in the labor force. Explain.

a) An Air-Force officer stationed in Colorado Springs, CO

b) A consultant who works out of her home for a medical group

c) A full-time student who does not work

d) A new college graduate looking for work

e) A stay-at-home dad

f) A waiter in Detroit who is laid off as a result of the recession

g) A retired grandfather

2. Calculation of Labor market indicators

Use the following September 2015 data (in millions) for the United States to calculate

(a) the labor force participation rate, (b) unemployment rate, and (c) the employment/population ratio.

September 2015 Data

Civilian Non-Institutional Population (Age 16 and over) 251.3 million

Employed 148.8 million

Not in labor force 94.6 million

Unemployed 7.9 million

Suppose that an innovation earns a monopolist innovator profits of $1 million if there was no infringement. If there was infringement, suppose that the innovator would earn $600,000, while the infringer earns $300,000. a. Under the lost profits protocol, how much compensation is the innovator entitled to? b. Under the unjust enrichments protocol, how much compensation is the innovator entitled to? c. In the United States, how much compensation is the innovator entitled to? d. What if the infringement was willful? Does this change your answer to part c? 10.

Consider the numbers from question 9. Let ? denote the probability that a non-willful infringer in the US is found to be infringing on an innovation. Suppose that by not infringing, the innovator can earn profits of $50,000 using its own technology. Also, suppose that fighting the infringement charge costs the innovator $100,000, regardless of the outcome. For what values of ? is there an incentive to infringe?

You and a friend go to McDonald’s for salads (weird). While you are there, an old man says, “You kids are so lucky today. When I was a kid in the 1950s, I never went to McDonald’s. Look at your fancy phone! Life was hard back then. Not like today. You have it easy. Anyone can be rich today!” Explain (politely) why this old man’s point of view is incorrect:

a. Explain to him whether or not the United States is a meritocracy and the relationship meritocracy has to inequality.

b. Explain what has happened to economic mobility over the last several decades. What has happened to the wealth gap over the last sixty years?

c. Explain how more recent trends in deunionization, wages, income, taxes, and safety net programs have made it even harder for people to earn a decent living, let alone become millionaires.