You are 10 months out from the upcoming hurricane season. You are the Emergency Planner for a mid-sized town in South Florida with several critical infrastructures. Your mayor has as asked you to plan and prepare for the possibility of a direct hitting storm during the upcoming season.

Based on the “Scenario Location” below, identify three key public- private partnerships critical to the emergency planning process in Sunny City and explain the importance of each one. Explain how you would establish and maintain communications with these partnerships throughout the emergency planning process.

Scenario Location:

Sunny City is a fictional mid-sized town in Southeastern Florida. It has a rich history of agriculture, including citrus groves and cattle farms and has been growing in population over the past decade. Route 1 passes through the center of town. There are several bridges over various waterways including two large bridges over the inter-coastal waterway. A privately operated electrical power plant is located near the inter-coastal waterway. Just west of town, a small regional commuter airport was recently built which has drawn in several businesses. Trying to keep up with the growing nature of the town, new communication hubs with fiber-optics have been put in and a waste water treatment facility was built. There is talk about increasing the width of some of the main roads to handle the build-up of traffic, but in the meantime Public Works has been working overtime to keep the roads maintained and operational

R& V Hotel is consistently incurring losses for the past 2 years though the sales clerk receives customer orders, raises sales invoices at a higher price and processes payments for customers. Hotel customers have contracted prices, however online trade prices automatically loaded in to the system but the Brenda clerk used to amend manually. Mr. Zakariya an internal auditor found some deficiencies, who has taken some necessary actions to cross check those invoices and employees responsibilities and suggested the management immediately to prevent from loss of customers and good will of the hotel.
Based on the above scenario:
1. How the internal audit for R and V hotel can be helpful in resolving the issues they are confronting at the moment? Justify your answer practically
2. If you were Mr. Zakariya, prepare doable audit plan that Mr. Zakariya that you can use for the company and provide recommendations on how to overcome the deficiencies cited in the case?

6) How does opportunity cost specifically apply to the following situations:

a. A piece of land that is to be devoted to a national park.

b. An abandoned railroad that is given to a community for constructing a bike path

c. The costs of diverting water from a river to irrigate nearby farmland

d. The costs of clear-cutting timberland.

e. A piece of land that is to be converted from farmland to a Scheel’s sporting goods super store.

Addison Manufacturing holds a large portfolio of debt securities as an investment. The fair value of the portfolio is greater than its original cost, even though some debt securities have decreased in value. Sam Beresford, the financial vice president, and Angie Nielson, the controller, are near year-end in the process of classifying for the first time this securities portfolio in accordance with GAAP. Beresford wants to classify those securities that have increased in value during the period as trading securities in order to increase net income this year. He wants to classify all the securities that have decreased in value as held-to-maturity.

Nielson disagrees. She wants to classify those debt securities that have decreased in value as trading securities and those that have increased in value as held-to-maturity. She contends that the company is having a good earnings year and that recognizing the losses will help to smooth the income this year. As a result, the company will have built-in gains for future periods when the company may not be as profitable.

(a)  

Will classifying the portfolio as each proposes actually have the effect on earnings that each says it will?

(b)  

Is there anything unethical in what each of them proposes? Who are the stakeholders affected by their proposals?

(c)  

Assume that Beresford and Nielson properly classify the entire portfolio into trading, available-for-sale, and held-to-maturity categories. But then each proposes to sell just before year-end the securities with gains or with losses, as the case may be, to accomplish their effect on earnings. Is this unethical?

Address how your hotel/resort will impact the surrounding community in the areas of energy and water use as well as waste-trash and sewerage. The project will identify how the property, its’ activities and guests will impact the surrounding environment, depending on the nature of your recreational activities. This hotel is located in Islamorada, FL (Florida keys)

Describe the hotel industry, primarily focusing on Hilton, Marriott, and Hyatt. What is its vision or strategy—what constitutes ‘success’ for this organization? Who are the key parties, stakeholders, or power- holders relevant to the problem you are writing about? Describe anything else about the hotel industry's history or culture that seems relevant.

Address how your hotel/resort will impact the surrounding community in the areas of energy and water use as well as waste-trash and sewage. The project will identify how the property, its’ activities and guests will impact the surrounding environment, depending on the nature of your recreational activities. This hotel is located in Islamorada, FL (Florida keys)

EXERCISE 6-2. [LO 2] Mansard Hotels has five luxury hotels located in Boston, New York, Chicago, San Francisco, and Los Angeles. For internal reporting purposes, each hotel has an income statement showing its revenue and direct expenses. Additionally, the company allocates to each hotel a share of general administrative and advertising costs (e.g., salary of the company president, salary of the company CFO, hotel chain advertising, etc.) based on relative revenue.

a. Write a paragraph explaining why the allocation of general administrative and advertising costs to the specific hotels is potentially useful or potentially harmful.