Ivanka Trump after moving to Pakisatan and has purchase PC hotel Karachi in November 2020 and renamed it Ivayana. The hotel is a 5 star luxury hotel consisting of 100 single rooms 70 double rooms and 40 Suites. The average night stay in a single room costs Rs 8000. Double bed cost Rs 19000 and suite costs Rs 35000. On average 70 single rooms, 60 double rooms and 35 suites are occupied. Besides, there are 4 ball rooms. The ball rooms are always available for booking but they only get booked on Saturdays and Sundays. Each ball room has capacity of 300 people and rental charged for each booking is RS 130,000. 10 Rooms in each category are paid by credit card. The payment is received a week later. 50% amount related to ball room are received in same month and 50% in next month. The rental charge for ball rooms was Rs 100,000 in 2020. The charge for rooms has not changes since last year and have remained same. The hotel is charged local tax of Rs 5000 each week which is paid in the same month. The hotel has a staff of 150 people. 30 kitchen staff which receive 18% of the amount received againts the bill charged for the meals. On average the kitchen staff receive 90 orders for meal with the average billing of Rs 8000 per meal. the amount of meals billed is immediately collected and the kitchen staff is paid in the 1^st week of next month. The room service and the janitorial staff are 40 which are paid Rs 18000/month at last day of same month. 10 is the number of other lower staff for misc services and they are paid 15000/month at last day of same month. The remainig 20 are the senior executive staff, their remuniration details are not shared. The hotel is powered by solar panels and the, its maintenance is outsourced to a company solarex, they charge Rs 200,000 quarterly, which is paid in 2 installments. 50% is paid in the 1^st month of quarter and the rest is paid in the last month of quarter. The opening cash in hand was Rs 100,000.

Prepare Cash budget for the 1^st quarter of 2021.   

Hint: Consider reviewing the actual calendar for 2021.

Explain what Net Operating Income is and what is meant by Net Operating Loss. What factors arre associated when calculating the Net Operating Income percentage for a hotel? Why is this measure a good way of evaluating the hotel performance?

Park is always willing to give up 5 tangerines for 1 orange. The price of one orange is $1 and the price of one tangerine is $0.25. Park's spending budget for orange and tangerine is $10.

(1) Park is currently consuming 16 tangerines and 6 oranges. Give a suggestion about the direction of substitution for Park to improve his satisfaction.  Justify your suggestion using the economic meaning of the marginal rate of substitution and the market rate of substitution.

(2) To maximize his satisfaction, how many oranges and tangerines should Park purchase with $10 budget?  

(3) Give a graph in which the optimal consumption point shown. Include both the budget line and an indifference curve related to the optimal consumption. Clearly label the axes and mark the coordinates of the optimal consumption point.  

Park Co. is considering an investment that requires immediate payment of $21,555 and provides expected cash inflows of $6,800 annually for four years. Park Co. requires a 8% return on its investments.

1-a. What is the net present value of this investment? (PV of $1, FV of $1, PVA of $1, and FVA of $1)

1-b. Based on NPV alone, should Park Co. invest?

1-c. What is the internal rate of return? (PV of $1, FV of $1, PVA of $1, and FVA of $1)

1-d. Based on its internal rate of return, should Park Co. make the investment?

The Manager at Rainbow Valley II advertises that the typical family visiting the park spends at least one hour in the park during weekends. A sample of 25 visitors during the weekends in the month of July revealed that the mean time spent in the Park was 63 minutes with a standard deviation of 8 minutes.

1. Using the 0.01 significance level and a one-tailed test, is it reasonable to conclude that the mean time in the Park is greater than 60 minutes? Show all steps in your test of hypothesis.

2. Repeat the analysis at the 0.05 significance level. (You may show only the calculations that change).

3. Repeat with a survey mean of 64 minutes at the .01 significance level. (You may show only the calculations that change).

4. What do you conclude from your analysis?

Hotel Occupancy

C++ Only

Program Description

Write a program that calculates the occupancy rate for a hotel. The program should read its data from a file named "hotel.dat". The first line of this file will be a single integer specifying the number of floors in the hotel. Each of the remaining (N) lines will have two integers; the number of rooms on that floor and the number of occupied rooms on that floor.

Your program should display the following:

• How many rooms the hotel has,
• How many rooms are occupied,
• How many are unoccupied, and
• The percentage of rooms that are occupied.

Notes

1. Your program should be named hotel.cc.
2. You can build this program initially to read from the keyboard, get that working, and then modify the program to read from the file.
3. You will need to create the "hotel.dat" data file.

Mermaid Beach Hotel Ltd (Mermaid Hotel) operates a seaside hotel on the Sunshine Coast, providing
accommodation, bar and restaurant facilities for tourists. Casual and part-time wages are a major
expense item, particularly during summer, when up to an additional 30 staff members are employed.
In order to keep track of casual and part-time wages, Mermaid Hotel’s operations manager prepares
a weekly roster (using Excel) showing:


• employee name
• employment position (e.g. bar staff)
• days and hours rostered for the week
• hourly rate
• any additional amounts to be paid (e.g. meal allowances).


Each employee’s immediate supervisor is required to sign a hard copy of the Excel roster spreadsheet
on a daily basis as evidence that the hours were worked as rostered. Any discrepancies (e.g. additional
hours) are recorded on a separate payroll adjustment form (PAF) and co-signed by the employee. The
Excel roster spreadsheet plus any PAFs are forwarded to the payroll officer at the end of the week and
used as the basis for that week’s casual and part-time employee payroll. Last year, you still placed
reliance on controls over casual and part-time wages, despite finding some breakdowns in controls,
as you were able to obtain sufficient appropriate audit evidence that the controls were operating
effectively. Assume that you have decided it is appropriate to test internal controls over the relevant
payroll transactions.


Required:

Briefly outline how the information provided above would affect the nature, timing and extent of tests of controls.

Glitz hotel, a 500-room hotel, rents hotel rooms for $120/night. At the current sales level of 400 rooms per night, Glitz currently makes a profit of $30/room:

                                        Per room

Sales                                 $120

Costs                                     90

Profit                                    30

It costs Glitz $90/night to maintain a room ($60 in depreciation, $25 in variable maintenance and $5 in fixed booking costs). Glitz has been approached by Conventions2000.com to purchase a block of 300 rooms for $80/room per night. If this special order is accepted, Conventions2000.com would take care of all booking costs for the rooms booked through Conventions2000.com.

Required:

1. Which are the relevant costs?
2. What is the net change in net income if Glitz accepts the special offer from Conventions2000.com?
3. What other issues should Glitz consider before accepting this special offer?

Sector hotel, a 500-room hotel, rents hotel rooms for $120/night. At the current sales level of 400 rooms per night, Glitz currently makes a profit of $30/room:

                                   Per room

Sales                          $120

Costs                              90

Profit                              30

It costs Sector $90/night to maintain a room ($60 in depreciation, $25 in variable maintenance and $5 in fixed booking costs). Sector has been approached by Conventions2000.com to purchase a block of 300 rooms for $80/room per night. If this special order is accepted, Conventions2000.com would take care of all booking costs for the rooms booked through Conventions2000.com.

Required:

1. Which are the relevant costs?
2. What is the net change in net income if Glitz accepts the special offer from Conventions2000.com?
3. What other issues should Glitz consider before accepting this special offer?