P6.10 The Resolute Resort hotel currently operates at 75% occupancy, using a rack rate for all rooms of $60 and a marginal cost per room sold of $ 8 . calculate the occupancy figures for discount grid using discount percentages of 5%,15%,and 20%
P6.11 Motley Motel's potential average room rate is calculated to be $62.Assume that this motel had three market segments.Vacation travelers use 75% of the room nights and are charged 100% of the rack rate. business travelers use 15% of the room nights and are charged 90% of the rack rate.sport teams acounts for 10% of the room nights and are charged 80% of the rack rate.
a. calculate the room rate by market segment.
2. Prove that your calculations are correct,assuming that total annual room nights are 7,300.
In: Accounting
Question: In January 2017, Mitzu Co. pays $2,600,000 for a tract of land with two buildings on it. It plans to demolish
Building 1 and building a new store in its place. Building 2 will be a company office; it is appraised at
$644,000, with a useful life of 20 years and a $60,000 salvage value. A lighted parking lot near Building
1 has improvements (Land Improvements 1) valued at $420,000 that are expected to last another 12 years
with no salvage value. Without the buildings and improvements, the tract of land is valued at $1,736,000.
The company also incurs the following additional costs:
Cost to demolish Building 1 $ 328,400
Cost of additional land grading 175,400
Cost to construct new building (Building 3), having a useful life
of 25 years and a $392,000 salvage value. 2,202,000
Cost of new land improvements (Land Improvements 2) near Building 2
having a 20-year useful life and no salvage value of 164,000
Required
1. Prepare a table with the following column headings: Land, Building 2, Building 3, Land Improvements
1, and Land Improvements 2. Allocate the costs incurred by Mitzu to the appropriate columns and
total each column (round percentages to the nearest 1%).
2. Prepare a single journal entry to record all the incurred costs assuming they are paid in cash on
January 1, 2017.
3. Using the straight-line method, prepare the December 31 adjusting entries to record depreciation for
the 12 months of 2017 when these assets were in use.
In: Accounting
Think about the last movie you saw in a movie theater. What aspects of the movie had international components in it? Are there more international elements included than compared to your favorite movie from 10 years ago?
In: Economics
Table 1
| Load | Rating | Power Factor |
| Lighting | 41.1kW | 0.7 Lagging |
| Lights | 12.2 kVa | 0.67 Lagging |
| Ventilation fans | 9 kVa | 0.7 lagging |
| Heat pump | 18 kW | 0.707 Lagging |
| misc equipment | 11.3 kVa | 0.55 lagging |
| peak charging demand | 209 kW | unity |
Calculate the following for the car park using the data from Table 1:
a) the maximum real power demand P (kW)
b) maximum reactive power demand Q (kVAr)
c) the total apparent power demand S (kVA)
d) also, calculate the maximum current magnitude |I| if the supply voltage magnitude |V| is 3.3 kV and the supply frequency is 50 Hz.
e) Calculate the overall car park power factor.
f) Calculate the rating of the capacitor bank (μF) needed to improve the car park power factor to unity.
g) Calculate the new maximum current magnitude, after power factor correction. Again assume the supply voltage magnitude is 3.3kV and frequency is 50 Hz.
h) Select the cable ID from Table 2 that you would use to supply the car park BEFORE AND AFTER power factor correction has been applied.
i) Comment on your result.
Table 2
|
Cable ID |
Rating (A) |
Cable ID |
Rating (A) |
|
A |
20 |
J |
100 |
|
B |
25 |
K |
110 |
|
C |
30 |
L |
120 |
|
D |
40 |
M |
130 |
|
E |
50 |
N |
140 |
|
F |
60 |
O |
150 |
|
G |
70 |
P |
160 |
|
H |
80 |
Q |
170 |
|
I |
90 |
R |
180 |
In: Electrical Engineering
Classifying Relevant and Irrelevant Items
The law firm of Hannan, Taylor, and Masteller has been asked to represent a local client. All legal
proceedings will be held out of town in Boston.
Required
The law firm’s accountant has asked you to help determine the incremental cost of accepting this client.
Classify each of the following items on the basis of their relationship to this engagement. Items may
have multiple classifications.
Relevant costs Irrelevant costs
Opportunity Outlay Outlay Sunk
1. The case will require three attorneys to stay four
nights in a Boston hotel. The predicted hotel bill
is $2,400.
2. Hannan, Taylor, and Masteller’s professional staff
is paid $2,000 per day for out-of-town assignments.
3. Last year, depreciation on Hannan, Taylor, and
Masteller’s office was $25,000.
4. Round-trip transportation to Boston is expected to
cost $250 per person.
5. The firm has recently accepted an engagement that
will require partners to spend two weeks in Chi-
cago. The predicted out-of-pocket costs of this trip
are $8,500.
6. The firm has a maintenance contract on its com-
puter equipment that will cost $2,200 next year.
In: Accounting
In a telephone conversation with a sales representative of a linen company, the manager of a hotel ordered $1,000 worth of sheets. Following the conversation, the manager wrote a memo to the file documenting the agreement, initialed it, and sent a copy to the sales representative. One of the linen company’s competitors learned of this contract and contacted the hotel to tell them that the sheets were poorly manufactured and that they should stop buying from the linen company and buy everything from the competitor. The hotel then cancels the contract and starts buying from the competitor.
The linen company’s sheets are not poorly manufactured. The linen company can sue both the competitor and the hotel for losses suffered, one for a tort and one for breach of contract, but the linen company is not allowed to recover twice for the same harm.
What is the tort that the linen company can sue for and who is the defendant?
Who should they sue for the breach of contract claim?
What damages would be recoverable from each defendant so that it would not be recovering the same damages twice?
Does the Statute of Frauds create a defense to the lawsuit against the hotel?
Why or why not?
Its a law question
In: Economics
Star Inn is a chain of hotels. The reservation system is uses a centralized reservation database. The database contains booking information on all hotels of Star Inn. The following is a description of the conceptual model of the hotel reservation database at Star Inn.
The database contains information about hotels, hotel rooms, customers, and reservation. A hotel can be identified by its identification number (hotel_id). It is also described by hotel_name, address and phone_no. Rooms are identified by room_no which is unique for a hotel. The same room_no may exist in different hotels of Star Inn. Rooms are also described by type and rate.
Customers are identified by customer_id and are described by name (customer_name), address (customer_address), and phone number (customer_phone). When a customer makes a reservation, he/she is asked to specify the hotel, the room type, the arrival date (arrival_date) and duration of stay (duration). A specific room is then booked for the customer. A customer can book the same room more than once. Therefore, a reservation is identified by a reservation number (reservation_no).
Please use Visible Analyst or any other CASE tool to draw the ERD.
In: Computer Science
IN C.
This is a hotel room and guest management system, the main purpose of this procedure is to manage the room, manage the guest account and check the hotel performance (how many rooms are booked, etc.). There are two types of people who use this system, the manager and the receptionist.
As a manager, there are three options:
Set/adjust room levels and rates for each level
Detail: there are 80 rooms in the hotel, 10 on each floor, eight floors. All rooms have four levels: **, ***, *** and VIP. I think the operation here is that the manager can manually input a room number, and then divide it into one of the four levels. Each level has a fixed price.
2. Manage customer information (add/adjust/delete)
Detail:The manager will be able to see a library of users and (add/remove/modify) the customer in it, as well as label some users with special VIP codes that will allow them to stay in VIP rooms.
3. Check hotel status
Detail: this means that the manager can see how many people have stayed in the hotel, if the most simplified, is the room occupancy rate.
In: Computer Science
Fun City has decided to build a new municipal water park with pools, water slides, and so forth. You have been hired to conduct a study to determine if the water park can pass the test. A nearby and very similar city currently has a water park similar to the one Fun City is considering. The nearby city currently charges $10 for admission and, on a typical day, attracts 4,000 persons. Last year, it charged $15, but only attracted 3,000 paying customers.
In: Economics
(a) The daily demand for hotel rooms in Greater Toronto Area (GTA) is given by the equation: QD = 230–35P. The daily supply of hotel rooms GTA is given by the equation: QS = 13+19P. What are the equilibrium price and the quantity of hotel rooms? 6 marks
(b) Suppose the demand for a bushel of Corn in 2000 was given by the equation QD = 2550–166P. At a price of $4.46 per bushel, what is the price elasticity of demand? If the price of Corn falls to $4.27 per bushel, what happens to the revenue generated from the sale of Corn?
In: Economics