SYN 960 Business Government & Society
Albright College
Application Test #1
Read the following case below and then answer the questions following the case.
Case: A Brawl in Mickey’s Backyard
Outside City Hall in Anaheim, California—home to the theme park Disneyland—dozens
of protestors gathered in August 2007 to stage a skit. Wearing costumes to emphasize their
point, activists playing “Mickey Mouse” and the “evil queen” ordered a group of “Disney
workers” to “get out of town.” The amateur actors were there to tell the city council in a
dramatic fashion that they supported a developer’s plan to build affordable housing near
the world-famous theme park—a plan that Disney opposed.
“They want to make money, but they don’t care about the employees,” said Gabriel de
la Cruz, a banquet server at Disneyland. De la Cruz lived in a crowded one-bedroom apartment
near the park with his wife and two teenage children. “Rent is too high,” he said. “We
don’t have a choice to go some other place.”
The Walt Disney Company was one of the best-known media and entertainment companies
in the world. In Anaheim, the company operated the original Disneyland theme park,
the newer California Adventure, three hotels, and the Downtown Disney shopping district.
The California resort complex attracted 24 million visitors a year. The company as a whole
earned more than $35 billion in 2007, about $11 billion of which came from its parks and
resorts around the world, including those in California.
Walt Disney, the company’s founder, had famously spelled out the resort’s vision when
he said, “I don’t want the public to see the world they live in while they’re in Disneyland.
I want them to feel they’re in another world.”
Anaheim, located in Orange County, was a sprawling metropolis of 350,000 that had
grown rapidly with its tourism industry. In the early 1990s, the city had designated two square
miles adjacent to Disneyland as a special resort district, with all new development restricted
to serving tourist needs, and pumped millions of dollars into upgrading the area. In 2007, the
resort district—5 percent of Anaheim’s area—produced more than half its tax revenue.
Housing in Anaheim was expensive, and many of Disney’s 20,000 workers could not
afford to live there. The median home price in the community was more than $600,000,
and a one-bedroom apartment could rent for as much as $1,400 a month. Custodians at the
park earned around $23,000 a year; restaurant attendants around $14,000. Only 18 percent
of resort employees lived in Anaheim. Many of the rest commuted long distances by car
and bus to get to work.
The dispute playing out in front of City Hall had begun in 2005, when a local developer
called SunCal had arranged to buy a 26-acre site in the resort district. (The parcel was directly
across the street from land Disney considered a possible site for future expansion.)
SunCal’s plan was to build around 1,500 condominiums, with 15 percent of the units set
aside for below-market-rate rental apartments. Because the site was in the resort district,
the developer required special permission from the city council to proceed.
Affordable housing advocates quickly backed SunCal’s proposal. Some of the unions
representing Disney employees also supported the idea, as did other individuals and groups
drawn by the prospect of reducing long commutes, a contributor to the region’s air pollution.
Backers formed the Coalition to Defend and Protect Anaheim, declaring that “these
new homes would enable many . . . families to live near their places of work and thereby
reduce commuter congestion on our freeways.”
Disney, however, strenuously opposed SunCal’s plan, arguing that the land should be
used only for tourism-related development such as hotels and restaurants. “If one developer
is allowed to build residential in the resort area, others will follow,” a company
spokesperson said. “Anaheim and Orange County have to address the affordable housing
issue, but Anaheim also has to protect the resort area. It’s not an either/or.” In support of
Disney’s position, the chamber of commerce, various businesses in the resort district, and
some local government officials formed Save Our Anaheim Resort District to “protect our
Anaheim Resort District from non-tourism projects.” The group considered launching an
initiative to put the matter before the voters.
The five-person city council was split on the issue. One council member said that if
workers could not afford to live in Anaheim, “maybe they can move somewhere else . . .
where rents are cheaper.” But another disagreed, charging that Disney had shown “complete
disregard for the workers who make the resorts so successful.”
Sources: “Disneyland Balks at New Neighbors,” USA Today, April 3, 2007; “Housing Plan Turns Disney Grumpy,” The New
York Times, May 20, 2007; “In Anaheim, the Mouse Finally Roars,” Washington Post, August 6, 2007; and “Not in Mickey’s
Backyard,” Portfolio, December 2007.
1. Using Disney as the focal organization, identify all the relevant stakeholders to this case.
2. For each of the stakeholders above, clear explain their respective “interest” or claim to the situation using evidence from the case. Also, indicate if each stakeholder is in
favor of, or opposed to, SunCal’s proposed development.
3. What sources of power do each of the relevant stakeholders identified above have in this case?
4. Based on the information you have included in your stakeholder analysis/map, what do you believe is the socially responsible decision for Disney? Justify your solution by applying either the ownership theory of the firm or the stakeholder theory of the firm.
In: Accounting
A school is overcrowded and there are three options. The do-nothing alternative corresponds to continuing to use modular classrooms. The school can be expanded, or a new school can be built to “split the load” between the schools. User benefits come from improvements in school performance for the expanded or new schools. If a new school is built, there are more benefits because more students will be able to walk to school, the average distance for those who ride the school buses will be shorter, and the schools will be smaller and more “student friendly.” The disbenefits for the expanded school are due to the impact of the construction process during the school year. The interest rate is 8%, and the life of each alternative is 20 years. Which alternative should be chosen? What is the incremental ratio for the preferred alternative?
(a) Use the benefit-cost ratio.
(b)Use the modified benefit-cost ratio.
(c)Use the public/government version of the B/C ratio.
In: Economics
Consider the assumptions that framed the analysis. Removing a hotel from the secondary competition and add it to the primary competition. What effect does taking out a Hotel from secondary competition has on the overall analysis? On Demand Base , changes in overall penetrations, changes in the market segment penetrations for the individual hotels, market segment mix for the entire market, and demand.
In: Operations Management
Park Corporation is planning to issue bonds with a face value of $3,500,000 and a coupon rate of 10 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Park uses the effective-interest amortization method and also uses a premium account. Assume an annual market rate of interest of 8.5 percent.
1. Prepare the journal entry to record the issuance of the bonds.
2. Prepare the journal entry to record the interest payment on June 30 of this year.
3. How will Park present its bonds on its June 30 balance sheet?
In: Accounting
Hospitality and Tourism Management Subject:
A big business-oriented hotel has 505 rooms. Five of those rooms had an issue with a leaking bathroom. On Tuesday night, 440 rooms were occupied (sold). On Friday night, 240 rooms were occupied (sold).
The hotel's room revenue (sales) for Thursday was $90 200. The room revenue (sales) for Friday was $38 400
- What was the Occupancy percent, the ADR and the RevPar for Thursday and Friday?
- What do the numbers for Occupancy, ADR, and RevPar for the two days tell you - please comment on each number and explain what "conclusions" you would make if you are the general manager of the hotel.
- Which characteristic of the lodging industry is "causing" the different occupancy for Thursday and Friday night? Please explain briefly. What can a hotel manager do to address this issue?
- What are some specific services and amenities this segment (business traveler) would be interested in when staying in the hotel? Please list and explain at least 4.
In: Accounting
using c++ You have been contracted to build a hotel reservation system. This is the system that hotel desk clerks will use to take desk reservations.
Assumptions: This is acting as though the only reservations taken are at the desk. All reservations are for one night. The hotel is empty when you start the program.
First, this program will give the full inventory of rooms in the hotel.
Total rooms: 122
There are four types of rooms with these prices:
Second, the program will allow for a room to be reserved for one night. The program will keep track of the inventory as rooms are being reserved.
Third, the program will keep track of revenue brought in for the day from reserved rooms.
Fourth, the user can choose a getTotal() function that will display remaining room inventory, what was reserved and revenue generated for the day.
PLEASE NOTE: This project must incorporate a class friend or class inheritance structure.
In: Computer Science
1)Lexical heads are typically
Select one:
a. closed class lexical items
b. phonologically null
c. no class lexical items
d. open class lexical items
2)The subject of the sentence `the woman with a big dog on a flimsy leash in the public park behind my house saw a horse' is:
Select one:
a. the woman with a big dog
b. the woman
c. the woman with a big dog on a flimsy leash in the public park behind my house
d. the woman with a big dog on a flimsy leash in the public park
3)How many PPs are there in the sentence `the woman with a big dog on a flimsy leash in the public park behind my house saw a horse'?
Select one:
a. 3
b. 4
c. 2
d. 1
4)Which sequences of words can we perform 'it-substitution' on in the following sentence: `the proposal of Trump is very stupid'?
Select one:
a. proposal of
b. the proposal of Trump
c. Trump is
d. the proposal
In: Psychology
QUESTION 1
In order to determine the average price of hotel rooms in Atlanta, a sample of 38 hotels were selected. It was determined that the average price of the rooms in the sample was $109.3. The population standard deviation is known to be $18. We would like to test whether or not the average room price is significantly different from $110.
Compute the test statistic.
QUESTION 2
In order to determine the average price of hotel rooms in Atlanta, a sample of 39 hotels were selected. It was determined that the test statistic (z) was $-1.99. We would like to test whether or not the average room price is significantly different from $110. Population standard deviation is known to us.
Compute the p-value.
QUESTION 3
In order to determine the average price of hotel rooms in Atlanta. Using a 0.1 level of significance, we would like to test whether or not the average room price is significantly different from $110. The population standard deviation is known to be $16. A sample of 64 hotels was selected. The test statistic (z) is calculated and it is -1.38.
We conclude that the average price of hotel rooms in Atlanta is NOT significantly different from $110. (Enter 1 if the conclusion is correct. Enter 0 if the conclusion is wrong.)
QUESTION 4
In order to determine the average price of hotel rooms in Atlanta. Using a 0.1 level of significance, we would like to test whether or not the average room price is significantly different from $110. The population standard deviation is known to be $16. A sample of 64 hotels was selected. The p-value associated with the test statistic (z) is calculated and it is 0.03.
We conclude that the average price of hotel rooms in Atlanta is NOT significantly different from $110. (Enter 1 if the conclusion is correct. Enter 0 if the conclusion is wrong.)
In: Advanced Math
Mohanned decided to start a water theme park in Barka , Oman . He prepared a business plan and submitted it to Bank Muscat to take loan of OMR 5000000 . He submitted documents of his 5 villas to get the loan from bank . After the bank issued loan Mohanned went to Oman chamber of commerce and industry and requested his new theme park named as Ross Island to be legally registered . After checking the documents the ministry registered the theme park as Ross Island LLC . Mohanned had partners who invested in this new business who were shareholders . The tourists who came to his place and the citizens who came to the Ross Island kept increasing . The entry tickets pricing was affordable many visitors came to his park . So Mohanned started Ross Island also in Salalah .
1 ) Is Mohanned an entrepreneur or Intrapreneur ? Define entrepreneur and intrapreneur .
2 ) Mohanned requested OMR 5000000 loan from Bank Muscat . What is this request called in Business Plan ? Define it .
3 ) Write the management team of Ross Island in your own words in two sentences .
4 ) Write the executive summary for Ross Island theme park in your own words in two sentences .
5 ) Write the company description of Ross Island in your own words in two sentences .
6 ) What are the advantages and disadvantages of starting this theme park ?
7 ) Mohanned decides to start one more Ross Island in Salalah . Is this called Market expansion ? Explain it .
8 ) He registered Ross Island as LLC . Define LLC .
9 ) Mohanned submitted documents of his 5 villas . What are these documents called ?
10 ) Do you think that this business will be successful ?
In: Accounting
Jason Hope opened a hotel. Prepare journal entries and post to the appropriate T-accounts to record the following transactions. Compute the balance as of June 30 for each T-account Hope uses the accounts Room Rental Revenue and Event Revenue. All expenses for special events are recorded as Event Expense.
June 1 Hope invested $400,000 cash into the business
June 2 Hope purchased a hotel building for $800,000 and land for $100,000. Hope paid $250,000 in cash and signed note payable for $650,000.
June 3 Paid $6,000 for a six month insurance policy on the hotel.
June 5 Purchased supplies costing $4,000 on account.
June 10 Received advance payments of $12,000 from customers that will be staying at the hotel in July. Payments will be refunded if the customer cancels within 7 days of their scheduled arrival time.
June 14: Received cash payments of $13,000 from current customers staying at the hotel in June.
June 15 Paid $2,000 cash for staff salaries. June 16 Paid $500 for maintenance expense.
June 17: Received $10,000 payment for a wedding reception hosted that day.
June 18 Paid $2,500 for catering expenses.
June 18 Paid event expenses of $1,000 for table and chair rentals.
June 19 Paid event expenses of $2,000 for flowers.
June 24 Paid for the supplies purchased on June 5.
June 25 Recorded an additional $5,000 cash received from current hotel customers for June.
June 30 Paid $2,000 cash for staff salaries.
June 30 The owner withdrew $4,000 for personal use.
In: Accounting