Some transactions undertaken in 2018 by the country of Moyes with the rest of the world are shown below. The currency of Moyes is the Moyes marks-
BM
( i ) A French retail chain has imported 50,000 BM worth of wine from Moyes. The goods were invoiced in euros.
( ii ) Citizens of Moyes spent 30,000 BM abroad on hotel bills and 20,000 BM on souvenir purchases.
( iii ) A British company sold a radar, worth 10,000 BM to the army of Moyes. The radar was priced in pound sterling.
( iv ) As part of its portfolio diversification strategy, the National Pension Fund of Moyes purchased 15,000 BM worth of shares on the Tokyo Stock Exchange.
( v ) Bino Ltd received 25,000 BM worth of dividends from the investments it holds in a US company

Required:
Classify in Debit/Credit form, these transactions as sub-components of the current account or capital/ financial account.

A New York City daily newspaper called “Manhattan Today” charges an annual subscription fee of $594. Customers prepay their subscriptions and receive 290 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $560 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $550 per hour. The company estimates that approximately 30% of the coupons will be redeemed.

Required:

1. How much revenue should Manhattan Today recognize upon receipt of the $560 subscription price?

2. How many performance obligations exist in this contract?

3. Prepare the journal entry to recognize sale of 11 new subscriptions, clearly identifying the revenue or deferred revenue associated with each performance obligation.

1) What you have been learning about The cost classification, Labor cost, ABC Costing. How do you think this knowledge could help you to be an effective hospitality manager in the future? (in 200 words minimum).

2)  Method of apportioning costs to the cost centers of:

- Employee’s holiday pay

- Rooms division manager’s salary

- Electrical power costs

- Cost of servicing the hotel’s service lifts or elevators

- Fee paid to a professional consultant for advice on fire regulation procedures.

In 2 or 3 sentences explain why you are choosing the respective method of apportioning such costs to the cost centers.

3) You have learned the application of ABC (Activity-Based Costing) in a hotel set-up. In 300 words minimum, discuss how you can apply ABC costing in a restaurant business. Be specific about the functional departments in the business. Give examples.

The amount of time that people spend at Grover Hot Springs is normally distributed with a mean of 71 minutes and a standard deviation of 17 minutes. Suppose one person at the hot springs is randomly chosen. Let X = the amount of time that person spent at Grover Hot Springs . Round all answers to 4 decimal places where possible.

a. What is the distribution of X? X ~ N(Correct,Correct)  

b. Find the probability that a randomly selected person at the hot springs stays longer then 90 minutes.  

c. The park service is considering offering a discount for the 7% of their patrons who spend the least time at the hot springs. What is the longest amount of time a patron can spend at the hot springs and still receive the discount?  minutes.

d. Find the Inter Quartile Range (IQR) for time spent at the hot springs.
Q1:  minutes  
Q3:  minutes  
IQR:  minutes

Write a program in Java Using object Orientation Design to determine the status of Mini Van Doors. A logical circuit receives a different binary code to allow opening different doors. The doors can be opened by a dashboard switch, inside or outside handle. The inside handle will not open the door if the child safety lock is on or the master lock is on. The gear shift must be in the park to open the door.

1. A method must be written to indicate the gear shift status and return to main.
2. A method to display which door is open or can be opened.
3. A method to show the status of all doors
4. A method to convert the code to decimal and store in the text file (Character based) as a record.

** MUST USE constructors and methods. The methods should be instantiated by an object. Use simple main. The first bit Stream must be entered by users. The program needs to be interactive

The amount of time that people spend at Grover Hot Springs is normally distributed with a mean of 80 minutes and a standard deviation of 14 minutes. Suppose one person at the hot springs is randomly chosen. Let X = the amount of time that person spent at Grover Hot Springs . Round all answers to 4 decimal places where possible.

a. What is the distribution of X? X ~ N(,)

b. Find the probability that a randomly selected person at the hot springs stays longer then 89 minutes.

c. The park service is considering offering a discount for the 4% of their patrons who spend the least time at the hot springs. What is the longest amount of time a patron can spend at the hot springs and still receive the discount?  minutes.

d. Find the Inter Quartile Range (IQR) for time spent at the hot springs.
Q1:  minutes
Q3:  minutes
IQR:  minutes

A New York City daily newspaper called “Manhattan Today” charges an annual subscription fee of $216. Customers prepay their subscriptions and receive 260 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $210 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $200 per hour. The company estimates that approximately 30% of the coupons will be redeemed. Required: 1. How much revenue should Manhattan Today recognize upon receipt of the $210 subscription price? 2. How many performance obligations exist in this contract? 3. Prepare the journal entry to recognize sale of 15 new subscriptions, clearly identifying the revenue or deferred revenue associated with each performance obligation.

A semiprofessional baseball team near your town plays two home games each month at the local baseball park. The team splits the concessions 50/50 with the city but keeps all the revenue from ticket sales. The city charges the team $500  each month for the three-month season. The team pays the players and manager a total of $2500 each month. The team charges $10 for each ticket, and the average customer spends $7 at the concession stand. Attendance averages 100 people at each home game.

Part 1. The team earns an average of $________________ in revenue for each game and $______________ of revenue each season.

With total costs of $_____________ each season, the team finishes the season with $________________ of profit.

Part 2   In order to break even, the team needs to sell   tickets for each game. Round to the nearest whole number.

The UDairy ice cream truck plans to sell ice cream at an upcoming alumni event in Central Park (NYC). From past events, demand for ice cream is highly weather dependent. On rainy days, demand is normally distributed with a mean of 120 scoops and standard deviation of 35 scoops. On non-rainy days, demand is normally distributed with a mean of 200 scoops and standard deviation of 60 scoops. The ice cream truck will be loaded two days before the event and travel to NYC. If the UDairy truck plans to bring enough ice cream to maintain a 90% service level for a rainy day, but the day surprisingly turns out to be non-rainy, what is the probability of the ice cream truck stocking out? For simplicity, assume the number of scoops demanded is a continuous variable. Enter probability as a three-digit decimal (e.g. 0.500, 0.275, 0.942).

47.         (BONUS) Suppose that Disney wants to follow up on the success of Frozen, with a sequeal this fall. The movie will cost $165 million to produce (INVESTED TODAY), and the producers expect the movie to generate a cash flow of $160 million in the first year. After the first year, cash flows will decline to $15 million in year 2.

However, the movie will also create synergy within the company.

Disney will build a new Olaf ride at Epcot for $40 million (invested TODAY). Disney suspects that the ride will bring visitors to the park and increase merchandise sales. Disney estimates that sales will increase by $12 million per year in PERPETUITY. The after-tax operating margin on these sales is 50% for Disney. If the cost of capital is 10%, what is the combined NPV of this opportunity?