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 satff are 40 which are paid Rs 18000/month at last day of same month. 10 is the num 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.                (PLO 2.1, CLO 1)                                13 marks

Hint: Consider reviewing the actual calendar for 2021.

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.

Determining the Optimal Product Mix with One Constrained Resource and a Sales Constraint

Comfy Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, with unit contribution margins of $5 and $15, respectively. Regardless of type, each sweatshirt must be fed through a stitching machine to affix the appropriate university logo. The firm leases seven machines that each provides 1,000 hours of machine time per year. Each Swoop sweatshirt requires 6 minutes of machine time, and each Rufus sweatshirt requires 20 minutes of machine time.

Assume that a maximum of 40,000 units of each sweatshirt can be sold.

Required:

1. What is the contribution margin per hour of machine time for each type of sweatshirt? When computing your answers, round machine time per unit to two decimal places. Round your final answers to the nearest dollar.

2. What is the optimal mix of sweatshirts? When computing your answers, round machine time per unit to two decimal places. Round your final answers to the nearest whole unit.

3. What is the total contribution margin earned for the optimal mix?
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Todd’s Direct, a major TV sales chain headquar-tered in New Orleans, is about to open its first outlet in Mobile, Alabama, and wants to select a site that will place the new out-let in the center of Mobile’s population base. Todd examines the seven census tracts in Mobile, plots the coordinates of the center of each from a map, and looks up the population base in each to use as a weighting. The information gathered appears in the following table. CENSUS TRACT POPULATION IN CENSUS TRACT X, Y MAP COORDINATES 1. 101 2,000(25, 45) 2. 102 5,000 (25, 25) 3. 103 10,000 (55, 45) 4. 104 7,000 (50, 20) 5. 105 10,000 (80, 50) 6. 106 20,000 (70, 20) 7. 107 14,000 (90, 25) a) At what center-of-gravity coordinates should the new store be located? b) Census tracts 103 and 105 are each projected to grow by 20% in the next year. How will this influence the new store’s coordinates

You are gearing up to open a new wine shop. In an effort to optimize wine sales, you collect data by observing your competition and noting what people are ordering during happy hour. Below is data collected during a 2 week period.

Explain why we need to do a one-way ANOVA test with this data. Perform a one-way ANOVA test at a 5% level of significance with F*= 4.08 Explain the decision we make and Build 95% confidence interval for each type of wine. Explain what this means.

A business manager in a health-care facility has been investigating the cost of maintaining patients within its plan. A sample of 20 cases for the last month reported the following: 1 $1,168.00 5 $1,165.00 9 $1,125.00 13 $1,324.00 17 $1,179.00 2 $1,225.00 6 $1,345.00 10 $1,276.00 14 $1,445.00 18 $1,253.00 3 $1,195.00 7 $1,240.00 11 $1,423.00 15 $1,345.00 19 $1,435.00 4 $1,054.00 8 $1,187.00 12 $1,239.00 16 $1,186.00 20 $1,252.00

What is Hypothesis?

In the context of the problem in Q1 (health care facility), describe any one research problem and the related hypothesis to be tested; remember to identify the null and alternate hypothesis

Use the following information to run a t-Test in EXCEL.

Write a paragraph description about the information you found and the conclusions you can draw.  

"To Breakfast or Not to Breakfast?" by Richard Ayore

In the American society, birthdays are one of those days that everyone looks forward to. People of different ages and peer groups gather to mark the 18th, 20th, …, birthdays. During this time, one looks back to see what he or she has achieved for the past year and also focuses ahead for more to come.

If, by any chance, I am invited to one of these parties, my experience is always different. Instead of dancing around with my friends while the music is booming, I get carried away by memories of my family back home in Kenya. I remember the good times I had with my brothers and sister while we did our daily routine.

Every morning, I remember we went to the shamba (garden) to weed our crops. I remember one day arguing with my brother as to why he always remained behind just to join us an hour later. In his defense, he said that he preferred waiting for breakfast before he came to weed. He said, “This is why I always work more hours than you guys!”

And so, to prove him wrong or right, we decided to give it a try. One day we went to work as usual without breakfast, and recorded the time we could work before getting tired and stopping. On the next day, we all ate breakfast before going to work. We recorded how long we worked again before getting tired and stopping. Of interest was our mean increase in work time. My brother insisted that it was more than two hours.

What would this look like in Excel?

What is the interpretation of data?

Use the sample information x¯ = 40, σ = 7, n = 13 to calculate the following confidence intervals for μ assuming the sample is from a normal population.

(a) 90 percent confidence. (Round your answers to 4 decimal places.)
  
The 90% confidence interval is from ___ to ___

(b) 95 percent confidence. (Round your answers to 4 decimal places.)
  
The 95% confidence interval is from ___ to ___

(c) 99 percent confidence. (Round your answers to 4 decimal places.)
  
The 99% confidence interval is from ___ to ___

(d) Describe how the intervals change as you increase the confidence level.
  

• The interval gets narrower as the confidence level increases.

• The interval gets wider as the confidence level decreases.

• The interval gets wider as the confidence level increases.

• The interval stays the same as the confidence level increases.

Use the sample information x¯ ⎯ x¯ = 40, σ = 7, n = 13 to calculate the following confidence intervals for μ assuming the sample is from a normal population.

(a) 90 percent confidence. (Round your answers to 4 decimal places.)
  
The 90% confidence interval is from __to__

(b) 95 percent confidence. (Round your answers to 4 decimal places.)
  
The 95% confidence interval is from __to__

(c) 99 percent confidence. (Round your answers to 4 decimal places.)
  
The 99% confidence interval is from __to__

(d) Describe how the intervals change as you increase the confidence level.
  

A- The interval gets narrower as the confidence level increases.

B- The interval gets wider as the confidence level decreases.

C- The interval gets wider as the confidence level increases.

D- The interval stays the same as the confidence level increases.

"Stop and Frisk" Please respond to the following:

• Based on the information found in this chapter related to stop-and-frisk, examine two actions as they relate to the Fourth Amendment and the arrest process. In your opinion, which should have the greatest constitutional protection, stop or frisk? Why? Then, use the Internet to research, identify, and examine one stop-and-frisk case from within the last three years. Then share your opinion on the use of stop and frisk.