Questions
Explain why this statement is false: Since there are many hotels and many hotel customers in...

Explain why this statement is false: Since there are many hotels and many hotel customers in San Francisco, it is definitely appropriate to use the supply and demand model to analyze the market for hotel rooms in San Francisco. [Hint: Under what circumstances is the supply and demand model appropriate?]

In: Economics

Outline the three different parts of the Theme Park product. Explain why the product lifecycle of...

Outline the three different parts of the Theme Park product. Explain why the product lifecycle of the Theme Parks steeps early very quickly. Disney theme park product is the responsibility of “Disney Imagineers” who are they and what are interactive products? (give examples where possible)

In: Operations Management

Case Study: St Michael St Michael is a manufacturer of toiletry items based near Glasgow, Scotland....

Case Study: St Michael
St Michael is a manufacturer of toiletry items based near Glasgow, Scotland. It has been in business for the past ten years and has built a strong portfolio of customers. Most significantly, they are the sole suppliers of toiletry items such as shower gel, body lotion and shampoo/conditioner to various high end hotel chains throughout the UK.
They have research and development (R&D) and production departments which plan and manage the extraction of flowers and fruits, develop new odor or design and produce the high quality and nice taste gel, lotion and shampoo, etc. Their material is obtained from a series of local plant garden at Glasgow. The three other key materials required for production are their signature plastic bottles, travel pouches and cartons which obtained from the manufacturers in Leeds, England, and the wooden pallets on which the filled cartons are transported. These are produced for the organization by a pallet manufacturer who has established a pallet assembly operation on the organization’s site. In addition to the carton plant and pallet assembly operation, the site at Glasgow includes warehousing and storage facilities and management and administration offices.
The business is structured by various departments. These are Senior Management, Production, Transport and Warehousing, Sales and Marketing, Research and Development (R&D), Accounts and General Administration. Each department is headed by a departmental head who sits on the organization’s management board.
St Michael does not have its own delivery fleet, but contracts this function to a local haulier, who provides, as required, manned tractor units and curtain-sided trailers to transport the carton items direct to customers and also to collect and transport the new signature cartons from the supplier in Leeds. Neither St Michael nor the haulier has any experience of using containerization.
St Michael dispatches an average of 1000 pallets per week, which is almost 100,000 cartons. This carton pallet quantity requires between 10 and 15 trailers depending on loading levels.
They have currently been approached by one of their major customers, Crown Plaza Hotels, with a view to the hotel chain using St Michael toiletry items exclusively in their hotel chains outsides the UK. Crown Plaza Hotels operate in Canada, South Africa, Dubai, Hong Kong, Singapore and Malaysia, Australia and New Zealand.
Crown Plaza Hotels have accepted that introducing the product to their hotels will need to be phased in and happy to place the toiletry items in their Canadian hotels for a period of a year initially, and begin gradually introducing it in their hotels at all the other locations after this. They want all their hotel chains to be using St Michael toiletry items within three years.
By accepting this contract the organization would initially need to increase production by approximately 50%. Senior Management have agreed that this is possible. Eventually, when all the international locations are being served, the St Michael will have to had a increase production fivefold (500%).
The Production Department has discussed this scenarios with their bottle, pouch, carton and pallet suppliers. There is no issue with the pallet supplier increasing its delivery amounts, but the plastic bottle pouch and carton producer is running at full capacity and is unable to increase production. The Organization’s R&D department has identified a plastic bottle, travel pouch and carton manufacturer near Rome, Italy, who can supply exactly the same bottle, pouches and cartons in sufficient quantities and at an attractive cost.
The local haulier indicates that they are able to supply transport to and from UK dispatch and collection points, but are not prepared to run their fleet outside the UK. The Organization now requires to develop its ability to deliver the Crown Plaza Hotel Canadian contract and eventually the contract for the other international locations. There is no problem in increasing production and there is sufficient storage and warehousing space on their existing site. It is also relatively easy to appoint new staff with the required skills and experience to the Organization’s existing departments should this be needed.
However, the Organization has no experience of trading internationally and they need to address this.
To do this they have agreed to:
1. Establish an International Trade Department
2. Appoint a Physical Resource Manager to head this department
The board of management are considering appoint you as Physical Resource Manager. To ascertain your suitability for the role you have been asked to produce a report of approximately 1000 words which covers the following assignment.
1. Explain the various tasks which would come under your remit as Physical Resource Manager.
2. Explain how the International Trade Department would be structures and how this would benefit St Michael over a structure that did not include this department.
3. Describe the links that would operate between the International Trade Department and other departments within the organization.
4. Describe the links the International Trade Department would have with external integrating bodies and why these would exist.

In: Economics

The senior vice president for marketing at a Hotel believes that the company’s recent advertising of...

The senior vice president for marketing at a Hotel believes that the company’s recent advertising of the hotel has decreased the average room idle rate. To test the hypothesis, random sample of daily idle rates (in percentages) before the advertising is collected. A similar random sample of daily idle rates is collected after the advertising took place. The data are as follows.

Before (%) 8 17 12 21 19 10 After (%) 6 10 1 11 17 8

Is there evidence that the average room idle rate of the hotel has decreased after the advertising at the 0.01 level of significance.

In: Statistics and Probability

Maple Park Senior Center has a weekly payroll of $15,000. December 31 falls on Wednesday, and...

Maple Park Senior Center has a weekly payroll of $15,000. December 31 falls on Wednesday, and Maple Park Senior Center will pay its employees the following Monday (January 5) for the previous full week. Assume Maple Park Senior Center has a five-day workweek and has an unadjusted balance in Salaries Expense of $600,000.

Requirements

  1. Record the adjusting entry for accrued salaries on December 31.
  2. Post the adjusting entry to the accounts involved and show the balances after adjustments.
  3. Record the journal entry for payment of salaries made on January 5.

In: Accounting

The demand curve of the only customer in the amusement park is QD = 200-P. The...

The demand curve of the only customer in the amusement park is QD = 200-P. The park charges an admission fee of 100, while each ride costs 9.

1. Determine the supply curve of the park.
2. Determine the producer surplus without distortions in the market.
3. Determine the consumer surplus without distortions in the market.
4. Price at which dead weight loss is minimized?
5. At which quantity does it occur (in rides)?
6. if the government wishes to limit the number of rides per person to at most 5 per person, calculate the loss in economic efficiency.

In: Economics

The Modern Motel Industry" outline a very small marketing plan for the hotel segment you researched....

The Modern Motel Industry" outline a very small marketing plan for the hotel segment you researched. Please be as creative as you like. Analyze modern ownership and management patterns, and create a list of best practices for those wishing to either invest in or make a career in the hotel industry. "Group Bookings" Considering the same hotel you used evaluate and discuss the pros and cons of taking group bookings. Please give specific examples relevant to the chain you selected. Create guidelines for negotiating convention or group rates specific to the city or town in which you live.

In: Operations Management

Isle Royale SimBio lab model: You have accepted a position with the U.S. Fish and Wildlife...

Isle Royale SimBio lab model:

You have accepted a position with the U.S. Fish and Wildlife Service. You are asked to advise the U.S. Park Service on likely future population fluctuations in wolf and moose populations on Isle Royale. National Park Service policy is not to intervene in natural ecological processes unless absolutely necessary.

a) Based on your understanding of current ecological concepts, especially the importance of numerical and functional responses of wolves and moose (Krebs, pages 222-223) as well as both direct and indirect species interactions, list three alternatives for the Park Service regarding how to manage the predator population that is currently threatened by local extinction on Isle Royale. What sources did you use in developing your alternative suggestions?

b) Explain which of the three alternatives you would select if you were the Park Superintendent.

In: Biology

2015 2014 Rms Rate Rev Rms Rate Rev Retail 14,413 894.80 12,896,723 14,090 888.12 12,513,626 TMC/...

2015 2014
Rms Rate Rev Rms Rate Rev
Retail 14,413 894.80 12,896,723 14,090 888.12 12,513,626
TMC/ Consortia 7,530 831.31 6,259,727 5,638 807.66 4,553,604
Corporate 10,194 454.67 4,634,866 10,140 544.29 5,519,151
Pkg 3,150 826.13 2,602,319 3,420 684.80 2,342,001
Fit/ Wholesale 7,734 452.15 3,496,891 6,292 441.93 2,780,649
Disc 7,525 553.57 4,165,599 7,636 565.06 4,314,790
OTA 5,766 453.11 2,612,633 5,603 411.46 0
Ttl Trans 56,312 651.17 36,668,759 52,819 649.94 34,329,229
Gr Corp 9,093 446.61 4,061,033 8,341 441.02 3,678,584
Gr Assn 161 373.18 60,081 394 518.67 204,356
Gr Gov 0 0.00 0 8 309.00 2,472
SMERF 228 530.82 121,028 226 770.90 174,223
Ttl Group 9,482 447.39 4,242,141 8,969 452.63 4,059,635
Total Rooms 65,794 $ 621.80 $ 40,910,900.50 61,788 $ 621.30 $ 38,388,864.00

The Attached report shows the performance of Hotel XYZ for 2014 and 2015. Hotel XYZ is a luxury resort with a mix of 85% Transient and 15% Group.

After looking at this report, please answer the following questions:

  • What was the Total YOY( year over year) growth? Was the growth driven by Room nights? ADR? both?
  • Which segment drove this growth or decline? Transient or group?
  • Which sub-segment within Transient and Group drove the growth or decline? Please explain both.
  • Hotel XYZ overall strategy for next year is to grow rate without significantly increasing room nights. Based on the performance of 2015 and 2014, how will you shift your segmentation in order to achieve this?

In: Accounting

Question 1 (50 marks) Paris planned to celebrate her birthday with a party on 27 November...

Question 1

Paris planned to celebrate her birthday with a party on 27 November 2017. On 1 November, she agreed with the Sun Hotel to hire its ‘Orangery’ annexe for the party. The contract required the payment of $5,000 immediately, which Paris paid, and a further payment of $10,000 by 14 November. On 4 November, the Sun Hotel spent $2,000 relocating orange trees in preparation for the event. On 8 November, a colony of bats settled in the Orangery. The Sun Hotel rang the local authority to ask whether the bats could be removed. The local authority said that the bats could not be disturbed and that it would therefore be illegal to use the Orangery while the bats were in it. Paris was immediately notified but, despite her protests, was told that no refund could be made, as the contract had no provision for this eventuality.

Required a. Define what is meant by frustration of a contract.

b. Identify the types of frustrating event with reference to relevant legal cases.

c. Explain whether the contract between the Sun Hotel and Paris has been frustrated.

d. Explain whether Paris can recover any or all of the $5,000 payment made to the Sun Hotel and is liable to pay the further payment of $10,000.

In: Accounting