1. Juan Martinez was reviewing his recent bank credit card account statement when he found two charges involving a hotel room rental and a meal, purchased on the same day in a city than Juan knew he had not been to. Their charges totaled $229.99 out of Juan’s $529.99 balance for the month.
a. What payment should Juan make on the account?
b. How should he notify the credit card issuer about the unauthorized use?
c. Once the matter is resolved, what should Juan do to ensure
that his credit history is not negatively affected by this
error?
2. Explain the conditions that might make bankruptcy necessary. How might you use the services of a credit counselor?
In: Finance
What is the management fee (1) on a per available room basis and (2) as a percentage of total revenue for a 255-room hotel located in California that had an occupancy level of 62%, ADR of $84.53, a room revenue to total revenue % of 56.4%, and a gross operating profit % of 24.8%? The management fee agreement stipulated that the company would receive 3% of gross revenue, and 10% of gross operating profit.
1. lease use the information from Question 10 to calculate the Total mgmt fee.
Total mgmt fee (round to whole number) $ ___
2. Please use the information from Question 10 to calculate the Mgmt fee on PAR basis.
Mgmt fee on PAR basis (round to two decimal places) $ ___ PAR/yea
In: Finance
For this week's discussion, the focus will be on examining Porter's Five Forces as a tool for looking at the pressures on profits. Specifically, you will be looking at defining Porter's Five Forces and applying this tool to the market structures and pressures on profits of a chosen group of firms.
Instructions
In your discussion post, address the following:
In: Economics
A new study was done that included responses from 600 randomly sampled quests, of which 55% said they register using the hotel website. If the true proportion were 50% or less, what is the probability your sample data would produce a sample proportion of 55% or higher? Be sure to set up the two competing hypotheses and provide a statistical conclusion statement at a 2% level of significance for your results.
(Be sure to write out/ calculate how you find X, thank you) (Also, if you know how to find the type 1 error can you explain how you got it?)
2. Using Minitab, repeat the problem. Copy and paste it, please. (can't find it, This is really confusing!)
In: Statistics and Probability
Theresa Nunn is planning a 30-day vacation on Pulau Penang, Malaysia, one year from now. The present charge for a luxury suite plus meals in Malaysian ringgit (RM) is RM1,043/day. The Malaysian ringgit presently trades at RM3.1350/$. She determines that the dollar cost today for a 30-day stay would be $9,980.86. The hotel informs her that any increase in its room charges will be limited to any increase in the Malaysian cost of living. Malaysian inflation is expected to be 2.7191% annum, while U.S. inflation is expected to be 1.252%.
a. How many dollars might Theresa expect to need one year hence to pay for her 30-day vacation?
b. By what percent will the dollar cost have gone up? Why?
In: Finance
Theresa Nunn is planning a 30-day vacation on Pulau Penang, Malaysia, one year from now. The present charge for a luxury suite plus meals in Malaysian ringgit (RM) is RM1,043/day. The Malaysian ringgit presently trades at RM3.1350/$. She determines that the dollar cost today for a 30-day stay would be $9,980.86. The hotel informs her that any increase in its room charges will be limited to any increase in the Malaysian cost of living. Malaysian inflation is expected to be 2.7357% annum, while U.S. inflation is expected to be 1.22%.
a. How many dollars might Theresa expect to need one year hence to pay for her 30-day vacation?
b. By what percent will the dollar cost have gone up? Why?
In: Finance
Identify the sampling method for each scenario.
In: Math
The Japanese harvester beetle has infected several forests in the Northwest. Official estimates are that 17% of trees are infected. You are a park ranger who has been seeing a lot of these beetles lately, and you think the rate is higher in your area. You check 400 trees around your cabin and find that 79 of them are infected.
In: Math
Write a creative story to tell about the journey of a jogger from one location in a park to another location. Make up some events and experiences that the jogger goes through on his/her journey. Tell what happens to the jogger throughout the journey (e.g., being chased by a dog or having to slow down for a parade, etc.) As you tell the story, use the terms speed, velocity and acceleration and explain how and why these values change for the jogger as he/she goes through different parts of his/her trip. Your story can be creative and funny or serious as long as you use the terms speed, velocity and acceleration. Make sure that the story conveys the meanings of these terms and the differences between them.
In: Physics
At the Doha Zoo, access to the public is organized as follows:
There are five employees at the entrance who sell entry passes to everyone who is not subscribed and be allowed to enter,
As for subscribers, they only display the membership card on entry. At the end of the day, one of the employees delivers cash to the cashier, the treasurer counts the cash received and places the cash in the designated treasury.
At the end of the week, the cashier deposits the cash in the bank according to the deposit slip. The deposit slip is used in the journal Cash Receipts,
Also, the treasurer is the one who certifies the payment of garden expenses and is the one who pays the expenses.
The park administration discovered the need to improve the internal control system of the cash receipts system
Required:
What are the weaknesses? What are the appropriate procedures to overcome the system's weaknesses?
In: Operations Management