Assume you are an SMC Hotel Manager for and an Interview has been conducted for You

Answer the following questions in Brief

4. State and explain any three (3) significant errors you identified during the audit of SMC hotel?

5. Discuss any 2 situations in which the auditor can be sued or liable?

6. State and explain any 3 qualities of an auditor?

7. Explain how you used interviews and listening skills during your audit of SMC hotel?

1. Identify the various hidden costs mentioned in the article.

2. Identify a sunk cost trap in the article might be one or a couple.

Bonus: Identify other interesting concepts!

After years of offshore production, General Electric is moving much of its far-flung appliance-manufacturing operations back home. It is not alone. An exploration of the startling, sustainable, just-getting-started return of industry to the United States.

For much of the past decade, General Electric’s storied Appliance Park, in Louisville, Kentucky, appeared less like a monument to American manufacturing prowess than a memorial to it.

The very scale of the place seemed to underscore its irrelevance. Six factory buildings, each one the size of a large suburban shopping mall, line up neatly in a row. The parking lot in front of them measures a mile long and has its own traffic lights, built to control the chaos that once accompanied shift change. But in 2011, Appliance Park employed not even a tenth of the people it did in its heyday. The vast majority of the lot’s spaces were empty; the traffic lights looked forlorn.

In 1951, when General Electric designed the industrial park, the company’s ambition was as big as the place itself; GE didn’t build an appliance factory so much as an appliance city. Five of the six factory buildings were part of the original plan, and early on Appliance Park had a dedicated power plant, its own fire department, and the first computer ever used in a factory. The facility was so large that it got its own ZIP code (40225). It was the headquarters for GE’s appliance division, as well as the place where just about all of the appliances were made.

By 1955, Appliance Park employed 16,000 workers. By the 1960s, the sixth building had been built, the union workforce was turning out 60,000 appliances a week, and the complex was powering the explosion of the U.S. consumer economy.

The arc that followed is familiar. Employment kept rising through the ’60s, but it peaked at 23,000 in 1973, 20 years after the facility first opened. By 1984, Appliance Park had fewer employees than it did in 1955. In the midst of labor battles in the early ’90s, GE’s iconic CEO, Jack Welch, suggested that it would be shuttered by 2003. GE’s current CEO, Jeffrey Immelt, tried to sell the entire appliance business, including Appliance Park, in 2008, but as the economy nosed over, no one would take it. In 2011, the number of time-card employees—the people who make the appliances—bottomed out at 1,863. By then, Appliance Park had been in decline for twice as long as it had been rising.

Yet this year, something curious and hopeful has begun to happen, something that cannot be explained merely by the ebbing of the Great Recession, and with it the cyclical return of recently laid-off workers. On February 10, Appliance Park opened an all-new assembly line in Building 2—largely dormant for 14 years—to make cutting-edge, low-energy water heaters. It was the first new assembly line at Appliance Park in 55 years—and the water heaters it began making had previously been made for GE in a Chinese contract factory.

On March 20, just 39 days later, Appliance Park opened a second new assembly line, this one in Building 5, to make new high-tech French-door refrigerators. The top-end model can sense the size of the container you place beneath its purified-water spigot, and shuts the spigot off automatically when the container is full. These refrigerators are the latest versions of a style that for years has been made in Mexico.

3) A stock market analyst wants to determine if the recent Hotel C upgrade to 4 starts has changed the distribution of shares of the hotel market. The current market share for the existing 3 hotels is shown in table below. The analyst collects data from a random sample of 200 investors. The table below shows the observed investors’ share holdings (f_i ). When using this random sample the analyst needs to be 90% confident of test results. The hypothesis to be tested follows:

H₀ : P_a =0.25; P_b =0.45; P_c =0.30 ; market shares have remained same

H_a : P_a ≠0.25; P_b ≠0.45; P_c ≠0.30 ; market shares have changed

1. Compute the test statistic

B. Has the recent upgrade of Hotel C to 5 stars changed the hotel market composition? Why?

Having issues starting an assignment. Still learning so If you don't mind could you explain

public Theater()

Initialize the 2-D array “seats”, with 3 rows and 4 columns. To assign the price
for each seat, you need to open and read from the file “seatPrices.txt”. The file
contains 12 doubles representing the price for each row. All seats in a given
row are the same price, but different rows have different prices. You also need
to initialize “totalSeats” to 0.

public void displayChart()

This method is required to print out the seating chart with costs of the seats
with a tab between columns in the same row and a newline between rows. So
the initial seating chart would be printed:
12.5 12.5 12.5 12.5
10.0 10.0 10.0 10.0
8.0 8.0 8.0 8.0

----

import java.util.Scanner;
import java.io.*;

public class Assignment8
{   public static void main(String[] args)throws IOException
   {
       Theater t = new Theater();
       char command;
       Scanner keyboard = new Scanner(System.in);

      
      
      
       // print the menu
       printMenu();
       do
       {
           // ask a user to choose a command
           System.out.println("\nPlease enter a command or type ?");
           command = keyboard.next().toLowerCase().charAt(0);
           switch (command)
           {
               case 'a': // display remaining seats
                   System.out.println();
                   t.displayChart();
           }/*                   break;
/*               case 'b': // Print total from sales so far
                   System.out.println("\nTotal: " + t.getTotal());
                   break;
               case 'c': // sell ticket

                   if (t.soldOut())
                       System.out.println("\nSorry we are sold out.");
                   else
                   {
                       System.out.print("\nEnter the row you want: ");
                       int row = keyboard.nextInt();
                       System.out.print("Enter the column you want: ");
                       int col = keyboard.nextInt();
                       if (t.sellTicket(row, col))
                           System.out.println("\nEnjoy the show!");
                       else
                           System.out.println("\nThe seat is sold and/or is invalid seat!");
                   }
                   break;
               case 'd': // print number of seats sold
                   System.out.println("\nNumber of seats sold: " + t.numSold());
                   break;

               case '?': // display menu
                   printMenu();
                   break;
               case 'q':   // quit
                   break;
               default:
                   System.out.println("Invalid input!");

           }

*/       } while (command != 'q');

   } //end of the main method

   // this method prints out the menu to a user
   public static void printMenu()
   {
       System.out.print("\nCommand Options\n"
           + "-----------------------------------\n"
           + "a: print seating chart\n"
           + "b: display total sales\n"
           + "c: sell ticket\n"
           + "d: display number of seats sold\n"
           + "?: display the menu again\n"
           + "q: quit this program\n\n");
   } // end of the printMenu method

}
-----

package assignment8;
import java.io.BufferedReader;
import java.io.FileNotFoundException;
import java.io.FileReader;
import java.io.IOException;

public class Theater
{
//a two dimensional double array to hold the prices of the seats
//double to hold the total amount of sales generated from the theater.
   private double seats[][];
   double totalSales=0;
  
   String fileName="seatPrices.txt";
   String seatPrices="";
  
   static final int NUM_ROWS=3;
   static final int NUM_COLUMNS=4;
  
  
/*Initialize the 2-D array “seats”, with 3 rows and 4 columns
To assign the price for each seat, you need to open and read from the file “seatPrices.txt”. The file
contains 12 doubles representing the price for each row.
All seats in a given row are the same price, but different rows have different prices
*/
   public Theater()
   {
   Double seats[][]= new Double[NUM_ROWS][NUM_COLUMNS];
   int totalSeats=0;
   Double temp[][]=seats;
  
  
   try
{
// Instantiate a FileReader object to open the input file
// Note: "filename" should match the input file you made in Step 4
          
FileReader fr = new FileReader("seatPrices.txt");
//FileReader fr = new FileReader("/autograder/submission/" + fileName);
          
// BufferedReader is for efficient reading of characters
BufferedReader bfReader = new BufferedReader(fr);


// As we have determined the number of lines in our file, we will
// use constants to define the loop conditions

for (int r = 0; r {
for (int c= 0; c < NUM_COLUMNS; c++)
{
// Read a line from the file
// invoke .readLine() on the BufferedReader bfReader
// and save the returned value to the element at array position (i, j)
// -->
    seatPrices= bfReader.readLine();
    temp[r][c]=Double.valueOf(seatPrices);
      
   
   
}
seats=temp;

}
  
bfReader.close();

}
catch (FileNotFoundException e)
{
System.err.println("File not found");
}
catch (IOException e)
{
System.err.println("I/O error occurs");
}
        
   }

   public void displayChart()
   {   
  
   for (int r = 0; r {
for (int c= 0; c < NUM_COLUMNS; c++)
{
   System.out.print(seats[r][c]+ "\t");
}
System.out.println();
   }

   }
}

-------

seatPrices.txt

12.50
12.50
12.50
12.50
10.00
10.00
10.00
10.00
8.00
8.00
8.00
8.00

A forest product company likes to develop a wood pellet manufacturing plant in Maryland and has the following cost information on five likely destinations (table below). The expected sale price of wood pellets per bag is $5. a. Please find out which location is preferable in terms of BEP_x and/or BEP_$? b. What should be the minimum out level the company should target to earn some profit? c. Using the locational break-even analysis (cross-over quantity with minimum cost), can you identify any other location that may be more profitable? d. What should be the minimum quantity of output at the new location for maximizing profit?

Near money are those financial assets which can be converted into cash:? Select one:

a. With less cost b. With less risk c. With less delay d. All of these

You’ve been monitoring Bletchley Park Corporation and have calculated the following information. The company has a debt to asset ratio of 57.45%, market beta of 1.26, unlevered beta of .82 (at a 40% marginal tax rate), and a cost of equity of 13.67%. The risk free rate is 1.8%. The risk premium due to financial risk is closest to?

You are a wildlife biologist in charge of managing a population of Spotted Owls in Glacier National Park. There are a total of 800 owls in the population. Your records indicate that last generation 50 owls died before reproducing due to a lethal recessive genetic disorder. How many owls are likely to die in the next generation due to this affliction. You may answer this in words, as a formula or numerically.  

You are a wildlife biologist in charge of managing a population of Spotted Owls in Glacier National Park. There are a total of 800 owls in the population. Your records indicate that last generation 50 owls died before reproducing due to a lethal recessive genetic disorder. How many owls are likely to die in the next generation due to this affliction. You may answer this in words, as a formula or numerically.

PERFORMANCE EVALUATION

Julie Miller supervisor of housecleaning for Hotel Minto, was surprised by her summary report for March given below.

Julie was disappointed. She thought she had done a good job controlling housekeeping labor and towel usage, but her performance report revealed an unfavorable variance of $12,111. She had been hoping for a bonus for her good work, but now expected a series of questions from her manager.

The cost budget for housekeeping is based on standard costs. At the beginning of a month, Julie receives a report from Hotel Minto’s Sales Department outlining the planned room activity for the month. Julie then schedules labor and purchases using this information. The budget for the housekeeping was based on 8,000 room nights. Each room night is budgeted based on the following standards for various materials, labor, and overhead:

With 8,900 room nights sold, actual costs and usage for housekeeping during April were:

Required:

You have been asked to re-evaluate Julie’s performance.

Prepare a report to Julie’s boss demonstrating and explaining your findings; including your suggestions for performance evaluation methods and measures in the future.

Explain what your report suggests about Kathys departiment erformance.