q3. The probability a car salesman sells a car to a customer is 0.05 Assuming the salesmen sees 12 customers in a week, what is the probability he sells less than 2 cars? Write answer using three decimal places

q4. The Jones family was one of the first to come to the U.S. They had 6 children. Assuming that the probability of a child being a girl is .5, find the probability that the Jones family had: at least 2 girls? at most 2 girls?

Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 6.76 percent. Selected operating data for the three divisions follow:

Required:
1. Compute the return on investment for each division.
2. Compute the residual income for each division.

Return on Investment

Peak (%) =

View (%) =

Grand (%) =

Residual Income (Loss)

Peak =

View =

Grand =

Find the total area between y=25-x2 and the x-axis for 0≤x≤7.5.


Round your answer to three decimal places.

The total area between y=25-x2 and the x-axis is what?

Beginning inventory, purchases, and sales for Item Gidget are as follows:

Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on September 27 and (b) the inventory on September 30.

Buenaventura

Growth is more than merely one part of the mission and vision of Buenaventura – the leading mining company in Peru and one of the largest gold and silver producers in the world. It is the company’s daily mantra. Operating in a capital-intensive industry and in a geographic environment not as welcoming to investments as it should be, the company has to be persistent to maintain the degree of success it has achieved over the years. Joint ventures, offerings through the Lima Stock Exchange, and American Depositary Receipts (ADR) issuance on the New York Stock Exchange (NYSE) were all means to achieve the company’s goal of continued growth. But when it came to creating long-term sustainable shareholder value, there was only one way to do it: by enhancing governance practices.

The Roots of the Need for Governance

Buenaventura has focused on exploration and acquisitions, both on its own and through joint ventures, since its founding in 1953. For Buenaventura, conducting business responsibly and effectively is part of its strategy to increase shareholder value. Buenaventura suffered several years of losses that ultimately led to a high level of debt amid Peru’s weak economic environment during the 1980s. In the early 1990s, however, Peru emerged into a period of greater stability, allowing Buenaventura to plan for a more promising future. When the company decided to invest in Yanacocha, now a world class gold deposit, Buenaventura faced high-cost exploration and development investments.

Convinced that the market pays for good corporate governance practices, Buenaventura chose to cancel its debt with the proceeds of an initial public offering (IPO) of ADRs on the NYSE in 1996. The decision reflected Buenaventura’s Board of Directors’ and management’s commitment to comply with United States Securities & Exchange Commission (SEC).regulations. Prior to the IPO, the company took several critical steps toward improving its governance: revamping its Board of Directors, incorporating independent members and establishing Board Committees; implementing an Ethics Code; creating a Disclosure Committee; and finally, eliminating its dual class share structure and converting all its shares into a single class, with equal voting rights.

         Corporate Governance Steps

Buenaventura has implemented a comprehensive set of rules to ensure good governance. The reforms were inspired by the recommendations of major international organizations, such as the OECD and the World Bank/IFC. The decision to convert all shares into a single class of common shares served to keep the controlling group together, and was also considered the best way to continue to maximize the value of the company. The stock’s liquidity was bolstered as a result, as investors responded positively to the single voting class of shares. In the event of a tender offer, the Board must review the proposal and make its recommendation all shareholders, who in turn make their own decisions on whether to accept the offer. Buenaventura takes voting rights seriously. To facilitate the participation of all shareholders in General Meetings, the company calls Meetings 25 days in advance and provides shareholders the Meeting’s agenda. ADR holders receive proxies through the depositary bank and special procedures have been put in place to ensure that ADR holders have sufficient time to consider how to vote and that their votes are duly represented at General Meetings.

         Results

Buenaventura recognizes that it must continue to improve its governance framework as it strives to maximize shareholder value. Its governance improvements are clearly recognized by the market, as demonstrated by its three-fold increase in market capitalization, from around US$ 400 million to US$ 3.6 billion. The company reported net revenue of US$ 316 million in 2004, generating operating income of US$ 86.6 million in that year. Today, Buenaventura is working on complying with the Sarbanes-Oxley requirements. The company expects to be certified by external auditors as Sarbanes-Oxley compliant in June 2006.

Critically evaluate how Buenaventura achieves success through corporate governance. Provide justifications within the case study.

Imagine that you have been appointed as the CEO of Buenaventura. Discuss how you would strengthen the corporate governance using BRC Model.

Buenaventura

Growth is more than merely one part of the mission and vision of Buenaventura – the leading mining company in Peru and one of the largest gold and silver producers in the world. It is the company’s daily mantra. Operating in a capital-intensive industry and in a geographic environment not as welcoming to investments as it should be, the company has to be persistent to maintain the degree of success it has achieved over the years. Joint ventures, offerings through the Lima Stock Exchange, and American Depositary Receipts (ADR) issuance on the New York Stock Exchange (NYSE) were all means to achieve the company’s goal of continued growth. But when it came to creating long-term sustainable shareholder value, there was only one way to do it: by enhancing governance practices.

The Roots of the Need for Governance

Buenaventura has focused on exploration and acquisitions, both on its own and through joint ventures, since its founding in 1953. For Buenaventura, conducting business responsibly and effectively is part of its strategy to increase shareholder value. Buenaventura suffered several years of losses that ultimately led to a high level of debt amid Peru’s weak economic environment during the 1980s. In the early 1990s, however, Peru emerged into a period of greater stability, allowing Buenaventura to plan for a more promising future. When the company decided to invest in Yanacocha, now a world class gold deposit, Buenaventura faced high-cost exploration and development investments.

Convinced that the market pays for good corporate governance practices, Buenaventura chose to cancel its debt with the proceeds of an initial public offering (IPO) of ADRs on the NYSE in 1996. The decision reflected Buenaventura’s Board of Directors’ and management’s commitment to comply with United States Securities & Exchange Commission (SEC).regulations. Prior to the IPO, the company took several critical steps toward improving its governance: revamping its Board of Directors, incorporating independent members and establishing Board Committees; implementing an Ethics Code; creating a Disclosure Committee; and finally, eliminating its dual class share structure and converting all its shares into a single class, with equal voting rights.

         Corporate Governance Steps

Buenaventura has implemented a comprehensive set of rules to ensure good governance. The reforms were inspired by the recommendations of major international organizations, such as the OECD and the World Bank/IFC. The decision to convert all shares into a single class of common shares served to keep the controlling group together, and was also considered the best way to continue to maximize the value of the company. The stock’s liquidity was bolstered as a result, as investors responded positively to the single voting class of shares. In the event of a tender offer, the Board must review the proposal and make its recommendation all shareholders, who in turn make their own decisions on whether to accept the offer. Buenaventura takes voting rights seriously. To facilitate the participation of all shareholders in General Meetings, the company calls Meetings 25 days in advance and provides shareholders the Meeting’s agenda. ADR holders receive proxies through the depositary bank and special procedures have been put in place to ensure that ADR holders have sufficient time to consider how to vote and that their votes are duly represented at General Meetings.

         Results

Buenaventura recognizes that it must continue to improve its governance framework as it strives to maximize shareholder value. Its governance improvements are clearly recognized by the market, as demonstrated by its three-fold increase in market capitalization, from around US$ 400 million to US$ 3.6 billion. The company reported net revenue of US$ 316 million in 2004, generating operating income of US$ 86.6 million in that year. Today, Buenaventura is working on complying with the Sarbanes-Oxley requirements. The company expects to be certified by external auditors as Sarbanes-Oxley compliant in June 2006.

Critically evaluate how Buenaventura achieves success through corporate governance. Provide justifications within the case study.

Imagine that you have been appointed as the CEO of Buenaventura. Discuss how you would strengthen the corporate governance using BRC Model.

ABC hotel has 200 rooms and has a policy to determine its room rates based on consumers capacity to pay. For example busniess clients pay $1,200 per night and group tours $900 per night. The incremental cost of servicing a room is worked out at $110 per room. On average, most guest stay for three (3) nights. Rooms division manager is trying to establish if four (4) week advance reservation should be taken for a group booking of 40 rooms and three (3) nights of 7th , 8th and 9th June 2018. According to the reservation record, 80 rooms for the three (3) nights of 7th , 8th , and 9th , June 2018 are already booked by various business clients, and the historical trends of the past four (4) years suggest that 90% of the remaing 120 rooms would be sold to other busniess clients. Your are required to a) Prepare a detailed recommendation document explaining the important facts and figures to support if the group tour booking of 40 rooms for three (3) nights, of 7th , 8th and 9th June 2018 should be accepted or rejected while considering the revenue maximisation, effect of revpar, incremental and relevant cost in preparing the recommendation documents b) In the highly competitive environment, tourism and hospitality busniess can aspire to optimise revenue for the long term survival. Discuss various pricing strategies and their effect on tourism and hospitality businesses as a whole focus on the pricing strategy in tourism and hospitality business and highlight their strengths and weaknesses as reported in the published literature.

1. Examine the colored chart at the bottom of the screen. It is divided into five categories. Roll over the icons (right side) to see what five categories are displayed. The first one has been answered for you.

2. Each diamond on the chart represents an event that happened. Go to the year 400 and click on the diamond to find out what new technology occured. A new screen will open with more information. What was this technology and why would it have an impact on population growth?

3. Click on other diamonds to find out impacts on human populations. Complete the chart below with 4 “events” that impacted human growth.

4. Use the tool at the bottom to move through time. (slide to right). How did the number of dots on the map change? What areas were the most populated in 1800?  

5. You can use the magnifying glass to zoom into areas in the 1990’s and 2000’s. What “people and society” event happened in 1980 that was aimed at population growth?

6. You can use the magnifying glass to zoom into areas in the 1990’s and 2000’s. What agricultural problem occurred in 2006?

7. The timeline makes predictions about the future. What year are they predicting there will be freshwater shortages? Suggest how this shortage may affect the human population.

8. The top menu has a button called overlays.Use the dropdown menu to select “Fossil Fuel CO2 Emissions.” What happens to CO2 emissions between 1751 and 2010? How do you know?

9. In the year 2000, which areas had the most CO2 emissions? How do you know?

10. Use the dropdown menu to overlay fertility rate. Move the slider to 1950. What was the average number of children per woman in the US at this time? What was the fertility rate in the year 2000? What do these two numbers tell you about the population of the United States?

Examine the graph shown below: CE = Common Era

11. The graph starts in the year 1 C.E. How many years did it take for the population to reach 1 billion people?

12. It took 123 years to grow from 1 billion to 2 billion people. How long did it take to get from 6 billion to 7

billion people? What does this mean about the rate of population growth?

13. Suggest a reason why the population grew so slowly before the 1800s.

Examine the graph below. (SOURCE: EPA)

14. What type of greenhouse gas is the most prevalent worldwide?

15. What human activities contribute CO2 to the atmosphere (hint: look at the graph for clues)?

16. A “greenhouse gas” is one that absorbs infrared radiation (heat) and traps that heat in the atmosphere. The greenhouse effect is a naturally occurring effect that is important to life on the planet. Without this effect, the earth would be too cold for life to exist.  

How does an excess amount of CO2 in the air contribute to Earth’s warming? Use the diagram for reference.

17. Are greenhouse gases good, bad, or neither? Explain your answer.

Examine the graph below. (SOURCE: NASA)

18. Which greenhouse gas is being graphed?

19. What is the main take-away from this graph. Summarize what is being shown.

20. What is causing the spike at the end of the graph?

A pair of northeast looking photographs, both taken from the same location on the west shoreline of Muir

Inlet, Glacier Bay National Park and Preserve, Alaska showing the changes that have occurred to Muir

Glacier between September 2, 1892 and August 11, 2005.

22. How does this set of photographs relate to the human population? (Consider everything you have learned so far in this module.)

23. Connect the photo above to the diagram on the right showing sea level changes. How are they connected?

24. FINAL SYNTHESIS.

Consider all of the data, graphs and information you have just learned. Discuss how human populations have an overall impact on the planet?