1. Kolyesna Hotels Group acquired some financial data for the years 2010 and 2011
| Financial Data | 2010 | 2011 |
| Net Income | $118,000 | $149,000 |
| Total Revenue | $1,910,000 | $2,070,000 |
| Total Assets | $3,789,000 | $4,612,000 |
| Total Owner's Equity | $910,000 | $1,010,000 |
| Preferred Dividends Value | $10,000 | $11,500 |
| Common Shares Outstanding | 42,000 | 57,000 |
| Market Price per Share | $44.10 | $50.82 |
Using the financial data table, calculate the required ratios for
the Kolyesna Hotel Group in 2011 (assume there are 365 days in a
year).
a) Profit margin ratio
b) Return on assets (ROA)
c) Return on equity (ROE)
d) Earnings per share (EPS) with common stock
e) Earnings per share (EPS) with preferred stock
f) Price/Earnings ratio (P/E) for both common and preferred
stock
2. The return on asset (ROA) and profit margin ratio for Tiggie’s Quick Food Corp. were 11.25% and 24.80% in 2013. If the total asset value of this firm was $25 million at the end of 2013, what is the total revenue generated in 2013?
3. Jamming Luxury Lodging Properties has obtained the financial data as follows:
| Balance Sheet Item | 2009 ($) | 2010 ($) |
| Total Assets | 4,140,000 | 5,000,000 |
| Total Owner's Equity | 2,550,000 | 2,920,000 |
| Net Income | 1,900,000 | 2,050,000 |
Based on the financial information given, calculate return on owner’s equity (ROE) for Jamming Luxury Lodging Properties in 2010.
4. The financial data for Millen & Adams Boutique Hotel Inc. in both 2011 and 2012 are as follows:
| Financial Data | 2011 | 2012 |
| Net Income | $412,500 | $556,330 |
| Preferred Dividends Value | $34,600 | $32,100 |
| Common Shares Outstanding | 120,000 | 146,900 |
Based on the financial data table, calculate the earnings per share (EPS) with preferred stock for Millen & Adams Boutique Hotel Inc. in 2012.
In: Accounting
In: Computer Science
(1) a. sentence generation
The sentence you need to generate is shown below:
Sentence: John fed a bear in the park.
In this question, you should start from the target structure, a sentence (= S). Then you expand S by applying the rule S --> S PP. There is another rule that can expand S, namely S --> NP VP. However, if you apply S --> NP VP before S --> S PP, you will not be able to include PP. Therefore, S --> S PP is the correct rule to apply first, as has been given in the table below (together with two other steps). Remember to insert the lexical items when you get to a leaf node like D or N where no rule can be further applied. If your answers are correct, then all the 14 blanks should be filled.
The rules and lexicon that you need to generate the sentence are given as below:
Rules:
S --> NP VP
NP --> D NP
VP --> V PP
VP --> V NP
S --> S PP
PP --> P NP
AdjP --> Adv Adj
NP --> N
CP --> C S
Lexicon:
V --> saw, kicked, fed
P --> in, at
D --> a, the
N --> John, bear, park
You will need only a subset of the rules for this question.
Step
Sentence generating process
0 S
1 S --> S PP
2 S --> NP VP
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Done!
(1) b. Expand the rules and lexicon
What do you need to add to the previous rules and lexicon if you want to generate the following sentence:
The boy saw a brown bear in the park.
New rule(s) that needs to be added:
____________________
New lexical item(s) that needs to be added:
_____________________
______________________
In: Computer Science
Wall Street Journal
- July 11, 2011
By
ALEXANDRA BERZON
"Red Carpet for the Chinese - Hotels Add Menu Items, Translators, Other Services for
Growing Travel Segment"
The traditional Chinese rice porridge, called congee, will soon become a staple of hotel
breakfast buffets in America and abroad as U.S.-based hotel chains compete for
growing numbers of Chinese travelers.
The Chinese dish is part of a set of broader initiatives to attract Chinese travelers at
hotel giants Hilton Worldwide Inc. and
Starwood Hotels & Resorts Worldwide
. This summer, both hotel companies are rolling out hospitality standards centered on items
that cater to Chinese guests in hotels across the world
Congee breakfast is among the Chinese-style
amenities at the Hilton in San Francisco's
financial district.
Starwood plans to announce a program
Monday called "Starwood Personalized
Travel," which will require the company's
1,051 hotels—including the Sheraton, Westin
and W chains—to offer a set of specific
services for Chinese travelers, including in-room tea kettles, slippers and translation
services, in addition to new menu items.
The program will start at 19 hotels in cities such as New York, London, Mexico City,
Seoul and San Francisco, where Chinese business is rapidly growing. The program will
cover all Starwood hotels by the end of next year, the company said.
Hilton on Monday plans to announce a program for its Hilton Hotels & Resorts brand
called "Hilton Huanying"—from the Chinese word for "welcome." Hilton hotels can opt
into the program. Those that do—30 so far—must provide a front desk worker fluent in
Mandarin and a Chinese television station, as well as a full Chinese breakfast including
dim sum, congee and fried dough fritters, among other items. It will begin in August.
"Chinese travel is going to provide one of the great opportunities that we'll ever see in
the business," said Hilton Chief Executive Chris Nassetta.
Marriott International
Inc., meanwhile, is planning a new Chinese breakfast program in
the U.S. this fall that will include information for hotels on how to create a Chinese
breakfast.
Chinese foreign travel is still a small segment of overall global travel. But these moves
by hotel companies signal the growing importance that Chinese travelers are expected
to have in the coming years for the travel industry. They reflect both the leap in China's
economy and the loosening of restrictions on travel since as recently as a decade ago,
when Chinese were not allowed by their government to visit most countries.
"Outbound travel from Chinese is the next wave," said Starwood CEO
Frits van
Paasschen
.
The changes in part follow a script from the 1980s. As Japan's economy boomed, hotels
in many cities in the U.S. and around the world added Japanese breakfast items such
as rice, dried seaweed, pickled vegetables and miso soup to their menus.
The Starwood and Hilton Chinese programs are more formal and reach across their
portfolio of hotels. Attracting the new travelers is also urgent priority as growth in travel
dollars from many markets softens.
Global hotel brands have seen significant pick-up this year following deep declines
during the downturn. However the boost has been far greater in Asia than other regions,
reflecting in large part the growth of travel among Chinese.
In the first quarter of 2011, for example, Marriott saw revenue per available room in Asia
increase 17.2% compared to 5.8% in North America.
According to the U.S. Travel Association, 802,000 mainland Chinese residents visited
the U.S. in 2010, a 53% increase over the prior year. In 2005 just 270,000 Chinese
people visited the U.S. The Department of Commerce expects those numbers to reach
994,000 in 2011. The U.S. received $5 billion from Chinese visitors, according to the
Association, a 40% increase over 2009.
Japanese visitation in 2010 was much larger—around 3.1 million. Yet the trends are
divergent. From 2006 through 2009 travel from Japan declined each year, finally in
2009 reaching the lowest point since 1988, according to the Travel Association.
After Starwood executives noticed an enormous recent jump in the number of Chinese
subscribing to Starwood's loyalty program, a team led by Matt Gaghen, Starwood's vice
president of brand management, spent the last year researching the Chinese market
and discovered that language and food were two of the most important issues for
Chinese travelers.
As such, all Starwood hotels are to beginning efforts to hire at least one person on staff
who speaks a Chinese language. Chinese guests will receive a note from the general
manager translated into Chinese that offers the amenities available to them, such as tea
kettles, razors, toothbrushes and combs.
Since Starwood generally doesn't own hotels but sets standards for them, the changes
could mean a cost increase for hotel owners in some places that don't yet see many
Chinese travelers.
"We're planning and investing in this to get ahead and to appeal to Chinese at the
outset," Mr. Gaghen said.
Questions
25 possible points, 5 points per question.
1.
What services are hotel chains adding to cater to Chinese travelers? Identify 2-3
services that you can think of that are not mentioned in the article.
2.
What types of marketing research would you recommend to hotel chains to better
understand the services that Chinese travelers will want and expect?
3.
Besides hotels, what other firms could benefit from the increase in Chinese
travelers, and how should they tailor their services for this market?
4.
If your future employer is a firm that targets Chinese consumers, what skills and
experience will you need to contribute to your employer's efforts?
5.
Which aspect(s) of the business environment (economic, technological,
sociocultural, political/legal) are being affected the most in this article? Provide
specific examples.
In: Operations Management
1. The waiting times (in minutes) of a random sample of 21 people at a bank have a sample standard deviation of 3.5 minutes. Construct a confidence interval for the population variance sigma squared and the population standard deviation sigma. Use a 99 % level of confidence. Assume the sample is from a normally distributed population. What is the confidence interval for the population variance sigma squared?
2.You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. If convenient, use technology to construct the confidence intervals. A random sample of 55 home theater systems has a mean price of $113.00. Assume the population standard deviation is $15.20.
In: Math
Question 1:- A potential investor collected attendance data over a period of 49 days at the North Mall and South Mall theaters in order to determine the difference between the average daily attendances. The North Mall Theater averaged 720 patrons per day with a variance of 100, while the South Mall Theater averaged 700 patrons per day with a variance of 96. Develop an interval estimate for the difference between the average daily attendances at the two theaters. Use a confidence coefficient of 0.95.
Question 2:-Zip, Inc. manufactures Zip drives on two different manufacturing processes. Because the management of this company is interested in determining if process 1 takes less manufacturing time, they selected independent random samples from each process. The results of the samples are shown below. (20 points)
Process 1 Process 2
Sample size 27 22
Sample mean (in minutes) 10 14
Sample variance 16 25
Question 3:-
Shown below is a portion of computer output for a regression analysis relating to Y (dependent variable) and X (independent variable). (20 points)
ANOVA
df SS
Regression 1 115.064
Residual 13 82.936
Total
Coefficients Standard Error
Intercept 15.532 1.457
x -1.106 0.261
a. Perform a t-test using the p-value approach and determine whether x and y are related. Let α = .05.
b. Using the p-value approach, perform an F test, and determine whether x and y are related.
c. Compute the coefficient of determination and fully interpret its meaning. Be specific.
In: Statistics and Probability
Question 1:- A potential investor collected attendance data over a period of 49 days at the North Mall and South Mall theaters in order to determine the difference between the average daily attendances. The North Mall Theater averaged 720 patrons per day with a variance of 100, while the South Mall Theater averaged 700 patrons per day with a variance of 96. Develop an interval estimate for the difference between the average daily attendances at the two theaters. Use a confidence coefficient of 0.95.
Question 2:-Zip, Inc. manufactures Zip drives on two different manufacturing processes. Because the management of this company is interested in determining if process 1 takes less manufacturing time, they selected independent random samples from each process. The results of the samples are shown below. (20 points)
Process 1 Process 2
Sample size 27 22
Sample mean (in minutes) 10 14
Sample variance 16 25
Question 3:-
Shown below is a portion of computer output for a regression analysis relating to Y (dependent variable) and X (independent variable). (20 points)
ANOVA
df SS
Regression 1 115.064
Residual 13 82.936
Total
Coefficients Standard Error
Intercept 15.532 1.457
x -1.106 0.261
a. Perform a t-test using the p-value approach and determine whether x and y are related. Let α = .05.
b. Using the p-value approach, perform an F test, and determine whether x and y are related.
c. Compute the coefficient of determination and fully interpret its meaning. Be specific.
In: Statistics and Probability
JB Co. is planning to invest in a new koala theme park. The investment will generate $4.5 million p.a. for 15 years with the first cash inflow received in one year's time. The required rate of return for this type of investment is expected to be 6% p.a. for years 1-9 rising to 11% p.a. for years 10-15. What is the most JB Co. should pay for this investment now?
In: Finance
|
The NuPress Valet Co. has an improved version of its hotel stand. The investment cost is expected to be $72 million and will return $13.5 million for 5 years in net cash flows. The ratio of debt to equity is 1 to 1. The cost of equity is 13%, the cost of debt is 9%, and the tax rate is 34%. The appropriate discount rate, assuming average risk, is: |
| 9% | |
| 9.47% | |
| 8.65% | |
| 13% | |
| 10.5% |
In: Finance
In: Operations Management