Sarah has a three-day meeting in Berlin. She takes an overnight flight arriving early Sunday morning.After resting several hours, she spends the rest of the day sightseeing. She attends the meetings onMonday, Tuesday, and Wednesday. She spends Thursday sightseeing and returns home on Friday. Her transportation cost $1,200 and her five night’s hotel cost $1,250. Her meals were $50 per day fromMonday through Thursday and $30 each on Sunday and Friday. How much can Sara deduct for thisbusiness trip?

Please advise on both of tendering method and contractual arrangement for the construction of a 5-Star Hotel in Tung Chung new town. Since the proposed project is to be a major development, the Client is anxious on the cost aspects.

The Client wishes to have indication of the amount of investment before signing the formal contract with the selected contractor and he is also concerned on the cost-control aspect. He also intends to commence the work at a reasonable time.

Suggest to the client with reasons, for choosing both of the most appropriate tendering method and contractual arrangement for this particular project for client’s consideration.

Completely and thoroughly explain how Total Product Costs would be calculated to determine the total cost to make an electric coffee maker for a company that makes a variety of small home appliances. Include as much detail as possible and do not simply discuss the broad major cost categories of direct materials, direct labor, and manufacturing overhead.

ou are given the following total cost and total benefit curves regarding a lumber development project. TB = 400Q − 2Q2 TC = 20Q (c) Compute the total costs, total benefits, and net benefits in optimum. (d) Compute and interpret the benefit/cost ratio. What policy recommendation would you make regarding the initiation of the project? (e) Present your solution graphically. (f) Now assume that both benefits and costs occur once a year for three years (and are identical in each year), i.e. they are a stream of benefits and costs. What is the present value of net benefits of this project, when discounting begins in year 2 (i.e. year 1: i = 0, year 2: i = 1, year 3: i = 2) and r = 0.05?

Total costs at a restaurant are listed below:

The restaurant's total cost is a mixed cost that depends on customers served. The restaurant's management uses the high-low method to estimate the variable and fixed components of this cost. If the management believes that the restaurant will be able to serve 16,000 customers in December, the restaurant's estimated total cost for December is closest to: (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

• $29,944

• $32,031

• $29,809

• $60,718

Compare and contrast what happens to total revenue, total cost, and profit when the monopolist increases its price, in both the elastic and inelastic portions of the demand curve. Repeat for a decrease in price.

For each of the problems below solve for monopoly quantity, monopoly price, total revenue, total cost, profit, and dead weight loss.

Qd = 100 – 0.5p                            TC = 2Q²

Qd = 500 – 0.2p                            TC = Q² + 100Q        

Qd = 30 – 0.6p                              TC = Q² + 10Q +100

QD = 1000 – 0.25p                       TC = 2Q² + 25Q + 100

Suppose that you won an exclusive bid to sell Christmas trees from National Park Service (NPS). However, NPS requires that you plant one and a half multiple of any number of trees you cut. For example, if you cut 4 trees, you have to plant 8 trees. If you cut 9, you have to plant 27 trees. The NPS may argue that the number of trees that survive is proportional to the number of tree that you grow. Or, they might just do so to prevent you from cutting all trees. Assume further that the cost of cutting and transporting a tree is $2. The cost of growing a tree is $1.  
Questions:
A.) Write an equation that describes total cost of cutting any number of trees.
B.) Graph total cost function
C.) Derive and graph the average cost equation
D.) Derive and graph the marginal cost equation

Now, assume that as a monopolist, you can sell Christmas trees directly to customers and charge them a higher retail price. Or, on the other hand, you can sell Christmas tree to retail stores and charge them lower wholesale price. It is logical to assume that ordinary customer demand tends to be less elastic than the demand of retail stores. Assume that you estimate the demand of retail stores and customers and find:

P= 3000 – 0.5Q  (Wholesale demand)
P= 2000-2Q   (Retail Demand)

Questions
E) Write the equations that describe total revenue for each market
F.) Graph your total revenue equations
G.) Derive the marginal revenue equations for each market
H.) Graph your answer
E
I.) Find the profit maximizing price and quantity for each market
J.) Write the equation that describe total revenue for the two market combined
K.) Derive the marginal revenue equations for the two markets combined
L.) Graph your answer
M.) Find the profit maximizing price and quantity for both markets combined.
N.) What is better, to combine both market and charge a single price or segregate the two markets and charge different prices? Explain your answer

Questions

• What company and industry have you selected, and what are some of the risks that the company and industry are facing in the current economic and political environment? You need to research risks from current financial publications (e.g., Bloomberg, The Financial Times, The Economist). Note: For this assignment, a current publication is no older than four years. Quote your source.
• Has the company addressed these risks? If yes, how? If not, what should they have done?
• Is another competitor on the market facing the same risks, and how did they address them? Briefly summarize.

Answers

The company I have decided to focus on is Marriott. Marriott was founded in 1927 in the United States. Marriott has hotels in over 87 countries and has 19 brand names. Recently, there had been a merge between Marriott and another major hotel brand, Starwood Hotels. Starwood was officially taken over by Marriott in 2018, to create the largest hotel company in the world (Whitmore, 2018). Whitmore also mentions the merger will create the largest loyalty program as well.  

            The political risks Marriott faces are international terrorism. With hotels continuously growing and building in other parts of the world, there is always the fear of terrorist attacks happening. Jan Freitag (2017) explains that in an area where a terrorist attack has happened, there is no normal curve of demand since they all behave differently. She says that when hotels rely more on leisure travelers, then the hotel is affected more in the short term. Hotels are continuing to grow and expand into different countries of the world and most of them are thriving. Hotels, including Marriott, need to make sure their staff is trained in what they need to do in order to protect themselves and their guests at all times. Marriott has taken into consideration the risks of international terrorism and has trained their staff on the importance of protecting their guests and the procedures that need to be taken.

            The economic risks Marriott is facing are taxation changes. When a guest books at a hotel, that hotel charges taxes per night you stay there. The taxes differ on each state. The room rate is the price in which is taxed with state and local tax fees. The Department of Taxation and Finance (2012) explains that “Hotel operators must collect sales tax on the room rate or rental charge for hotel occupancy.” Hotels must charge these taxes to their guests for their hotel occupancy. On top of taxes, some “touristy” places may charge an additional fee such as a “resort fee.” Marriott has addressed these risks as they charge their guests the taxes per night as well as a resort fee when staying in a touristy area.

            Any company in the hotel industry has to address these risks. These risks are not just a Marriott companies problem, they are a hospitality industries risk as a whole. The Hilton, Hampton Inn and other hotel brands have these risks and have taken the same measurements the Marriott Corporation has in order to make sure their company succeeds.

For chegg: Please note I have answered the questions above already. What I am asking of you is to provide a analytical feedback. No plagiarism. In your response to the above post, please provide feedback, including different examples related to the risks and their impacts on the specific industry or company. Comment on the similarities and differences in your responses.