Resorts & Spas, a magazine devoted to upscale vacations and accommodations, published its Reader's Choice List of the top 20 independent beachfront boutique hotels in the world. The data shown are the scores received by these hotels based on the results from Resorts & Spas' annual Readers' Choice Survey. Each score represents the percentage of respondents who rated a hotel as excellent or very good on one of three criteria (comfort, amenities, and in-house dining). An overall score was also reported and used to rank the hotels. The highest ranked hotel, the Muri Beach Odyssey, has an overall score of 94.3, the highest component of which is 97.7 for in-house dining. If required, round your answer to three decimal places.

1.Use the t test to determine the significance of each independent variable. What is the conclusion for each test at the 0.01 level of significance? If your answer is zero, enter “0”.

The p-value associated with the estimated regression parameter b₁ is ___ (not 0)

2. Remove all independent variables that are not significant at the 0.01 level of significance from the estimated regression equation. What is your recommended estimated regression equation? Enter a coefficient of zero for any independent variable you chose to remove.

y hat = 45.1461 +() x₁ +() x₂ + ()x₃

CASE STUDY

Miss Yinnary is one of the many women who own their own businesses and her experience is not very different from others, who must contend with being a mother, a spouse and a family cheerleader in addition to owning and operating a business. She is the owner of the famous Y-Hotel. It was her first business, though she had some family background in this business. Her two sisters were also in the same line of business. But she borrowed some money, put in some of her savings and started her own venture. She was the first woman ever to enter into this business, most of her clients could not understand that a woman could be interested in the hospitality industry. To Step up her game in the hospitality Industry , Miss Yinari is seeking someone who understands innovative entrepreneurship to assist her.

During her rise to success and in management of her hotel business, she also needs to manage a family, stay teaching in university and dealing with community affairs. In her mind, there is nothing more exhilarating than owning her own business, and for her, the fun is in facing the challenges of turning the hotel into a first ever hotel that provide customers an unforgettable experience with innovation

In the present time, more women are making this choice, pursuing entrepreneurship rather than staying as housewives or traditional careers. For the past few years, the number of women starting new ventures is three times as large as the number of men. There are several good reasons for this trend. Some women find that owning a business is the only way to combine a decent income with time for their children by having the flexibility to control their schedules. Others see themselves as unlikely corporate managers and recognizing the gender problem that exists for achieving success, they choose the entrepreneurial route. Still others see entrepreneurship as a way of controlling their lives, pursuing interests that would be impossible in a corporate job.

The dual roles of mother and entrepreneur often conflict, and husbands and wives

tend to develop separate career tracks that often cannot be reconciled. Women can

also find it lonely in a business world, especially if clients are predominantly men,

this was a problem for Yinari too.

Many women, however, have businesses that fit well with their interest and with

women customers. These include services in beauty care, nutrition, education,

entertainment etc. Nevertheless, being in business often exacts a double price for

women, yet for those with determination like Yinari, the rewards are always waiting.

Your Task as Business Consultant , Prepare a report regarding the following issues below :

1. As the innovate consultant how would you to plan this project to your client?

case study question

Miss Yinnary is one of the many women who own their own businesses and her experience is not very different from others, who must contend with being a mother, a spouse and a family cheerleader in addition to owning and operating a business. She is the owner of the famous Y-Hotel. It was her first business, though she had some family background in this business. Her two sisters were also in the same line of business. But she borrowed some money, put in some of her savings and started her own venture. She was the first woman ever to enter into this business, most of her clients could not understand that a woman could be interested in the hospitality industry. To Step up her game in the hospitality Industry , Miss Yinari is seeking someone who understands innovative entrepreneurship to assist her.

During her rise to success and in management of her hotel business, she also needs to manage a family, stay teaching in university and dealing with community affairs. In her mind, there is nothing more exhilarating than owning her own business, and for her, the fun is in facing the challenges of turning the hotel into a first ever hotel that provide customers an unforgettable experience with innovation

In the present time, more women are making this choice, pursuing entrepreneurship rather than staying as housewives or traditional careers. For the past few years, the number of women starting new ventures is three times as large as the number of men. There are several good reasons for this trend. Some women find that owning a business is the only way to combine a decent income with time for their children by having the flexibility to control their schedules. Others see themselves as unlikely corporate managers and recognizing the gender problem that exists for achieving success, they choose the entrepreneurial route. Still others see entrepreneurship as a way of controlling their lives, pursuing interests that would be impossible in a corporate job.

The dual roles of mother and entrepreneur often conflict, and husbands and wives

tend to develop separate career tracks that often cannot be reconciled. Women can

also find it lonely in a business world, especially if clients are predominantly men,

this was a problem for Yinari too.

Many women, however, have businesses that fit well with their interest and with

women customers. These include services in beauty care, nutrition, education,

entertainment etc. Nevertheless, being in business often exacts a double price for

women, yet for those with determination like Yinari, the rewards are always waiting.

Your Task as Business Consultant , Prepare a report regarding the following issues below :

J.As Innovative Consultant how would you plan this project for your client?

CASE STUDY QUESTION

Miss Yinnary is one of the many women who own their own businesses and her experience is not very different from others, who must contend with being a mother, a spouse and a family cheerleader in addition to owning and operating a business. She is the owner of the famous Y-Hotel. It was her first business, though she had some family background in this business. Her two sisters were also in the same line of business. But she borrowed some money, put in some of her savings and started her own venture. She was the first woman ever to enter into this business, most of her clients could not understand that a woman could be interested in the hospitality industry. To Step up her game in the hospitality Industry , Miss Yinari is seeking someone who understands innovative entrepreneurship to assist her.

During her rise to success and in management of her hotel business, she also needs to manage a family, stay teaching in university and dealing with community affairs.

In her mind, there is nothing more exhilarating than owning her own business, and for her, the fun is in facing the challenges of turning the hotel into a first ever hotel that provide customers an unforgettable experience with innovation

In the present time, more women are making this choice, pursuing entrepreneurship rather than staying as housewives or traditional careers. For the past few years, the number of women starting new ventures is three times as large as the number of men. There are several good reasons for this trend. Some women find that owning a business is the only way to combine a decent income with time for their children by having the flexibility to control their schedules. Others see themselves as unlikely corporate managers and recognizing the gender problem that exists for achieving success, they choose the entrepreneurial route. Still others see entrepreneurship as a way of controlling their lives, pursuing interests that would be impossible in a corporate job.

The dual roles of mother and entrepreneur often conflict, and husbands and wives

tend to develop separate career tracks that often cannot be reconciled. Women can

also find it lonely in a business world, especially if clients are predominantly men,

this was a problem for Yinari too.

Many women, however, have businesses that fit well with their interest and with

women customers. These include services in beauty care, nutrition, education,

entertainment etc. Nevertheless, being in business often exacts a double price for

women, yet for those with determination like Yinari, the rewards are always waiting.

Your Task as Business Consultant , Prepare a report regarding the following issues below :

- Analyze why many women nowadays prefer to become an entrepreneur rather than pursue their career path ?

ABC Ltd (“ABC”) entered into a contract on 1st January 20x6 to build a factory building for its customer on its customer’s land for $20 million. The completion is expected to be in two years’ time. ABC’s policy is to bill its clients based on 60% in the first year and the balance upon completion of the project. ABC has a 31st December financial year end. It has adopted FRS 115 Revenues from Contracts with Customers and adopts the input method to measure the entity’s progress towards the complete satisfaction of the performance obligations.

At the end of 20x6, ABC has incurred actual costs of $10 million on the construction project. The estimated costs that are required to complete the project was $6 million. Actual collections in 20x6 amounted to $10.5 million.

In 20x7, a modification to the contract was required. To comply with new safety regulations, the concrete flooring was to be reinforced with steel. An electronic gantry and carpark structures were also added to the existing open-air carpark area.

The contract was increased by $5 million for the reinforced concrete flooring and $1 million for the car-park structures. The additional expected costs for the reinforced flooring was $2 million and the car park structure was $800,000. The commencement of work was to start in 20x8 and the completion date is expected to be extended for an additional year in 20x8. Billings for the additional contract price will be done in 20x8.

At the end of 20x7, the actual costs incurred and paid was $8 million, fully attributable to the construction of the factory building. An estimated cost of $5 million is further required to complete the factory building and $800,000 for the car-park. $8 million were invoiced as per the original plans, and actual collections during the year amounted to $9.5 million.

At the end of 20x8, the contracts were completed. The actual costs incurred and paid during 20x8 were as estimated during the modification agreement. A final billing of $6 million was made and actual collections amounted to $4.5 million.

Required:

(a) Discuss revenue recognition under FRS 115 Revenues from contracts with customers in view of its application to construction contracts. Please include in your discussion the costs that goes into a construction contract and the issues involved.

(b) Discuss also the impact of modifications, common reasons for modifications and how modifications are treated. Explain how the modification of the contract to change the flooring and addition of the car park structure should be treated under FRS 115 Revenues from contracts with customers.

(c) Compute the revenues, expenses and profits to be recognised for each financial year ending 31st December 20x6, 20x7 and 20x8. Illustrate the accounting for this contract by preparing the necessary journal entries to record the relevant transactions for 20x6 and the final entry to record the completion of the project. Journal narratives are not required. (Answers may be rounded to the nearest thousand dollars).

The management Hilton Hotels series has decided to build a hotel in Cairo by the Nile River. The management has finished all construction procedures and set up all the interior furniture that were bought locally from the local suppliers. The rest of the finishing items were decided to be imported from foreign suppliers.   The hotel management has instructed you on 01.04.2020 to be responsible for the transport of the imported items and set them up inside indicated areas in the Hotel before opining date on 01.05.2020.

The details of the cities of suppliers and the type of commodities to be transported EXW are as follow:

P.S. (All Dimensions with meter as measure unit)

• Riyadh – KSA Furniture 50 pieces        transit times: air / 2 Hours – Sea / 3 hours from

                                       2.00 L*1.00 W*1.00 H         Jeddah + 2 days from Riyadh to Jeddah                                                                           by inland

Transport – Full overland freight from Riyadh to Cairo / 3 days.

• New York – USA         Sanitary wares Transit Times: Air / 3 days – Sea / 18-21 days.

                                                      200 cartons. Dim 1.00 H* 0.5 W* 0.5 H

• Milan – Italy                Glass cups, glass        100 Box 0.75L*0.75W*0.75H

Wares and China

Wares.             Transit Times: Air / 2 days – Sea / 6-8 days

• Singapore                     Spot Lights                   Transit Times: Air / 3 days – Sea / 18 days

                                                       100 Cartons       Dim: 0.50L*0.50W*0.50H

• Paris – France              Liquors – Wines Transit Times: Air / 3 days - Sea / 11-13 days

                                                    10 Boxes, 100 liters 0.50L*0.50W*0.50H

• Düsseldorf – DE            Electric back up           6 batteries , Dim 2.25 L* 2.3 W* 2.00 H

Batteries (DGR) Transit Times: Air / 3 days – Sea / 11-13 days

***** Please decide and indicate:

• Shipments to be shipped by air freight.
• Shipments to be shipped by sea freight.
• Shipments to be shipped by overland freight.
• Possibility to combine 2 modes of transport (Multimodal) to saves both cost & time.
• Air transport procedures.
• Sea transport procedures..
• Overland transport procedures.
• Customs Clearance procedures.

**** Note that:

• Pick up from suppliers may take 2-3 days.
• Customs clearance in Cairo airport may take 3-4 days and in any Egyptian port it may take 5-6 days.
• Set up of all items inside the Hotel after arrival of all commodities may take 5-6 days.

Project the Cash Flows for Wal Mart for the next 5 years with explanations for your forecasts: Growth rate for 2018 is 10%, 2019 is 11%, 2020 is 5.5%, 2021 is 5% and 2022 is 4%.

The grade point averages for 11 randomly selected students are listed below. Assume the data are normally distributed.

2.0 3.2 1.8 2.9 0.9 4.0 3.3 2.9 3.6 0.8 2.7

Construct a 99% confidence interval for the population standard deviation

Describe the Equity Valuation in the above chart?

Calculate the standard deviation of the following returns.

Year Return

1 0.18

2 0

3   -0.05

4   0.2

5 -0.17

Enter the answer with 4 decimals, e.g. 0.1234