You are considering opening a drive-in movie theater and running it for ten years. You have spent after-tax $10,000 researching the land that will be used for theater, but if you take the project you expect to incur another immediate after-tax expense of $20,000 as you work with a consulting firm to decide how to most efficiently run the business.

The project entails an immediate $100,000 capital expenditure, which can be depreciated over 10 years. You expect to sell this capital investment for $25,000 at the end of the ten year project. Working capital expenses for the project are $50,000 immediately, $40,000 incurred two years from today, both of which are fully recovered in ten years (at the end of the project).

The project’s operating costs are expected to be $100,000 for each of the first five years and then (starting between t=5 and t=6) grow at -5% per year through the end of the project (i.e., through t=10). You expect the project’s revenues to start at $100,000 starting one year from today and remain constant for the life of the project.

1. (1 points) To determine the discount rate for the project, you have found an all-equity firm with a risk level similar to the company you’re starting. That firm’s equity has a standard deviation of returns of 35% and a correlation with the stock market of 0.8. The risk free rate is 4%, the expected market returns are 9.5% and the standard deviation of market returns is 28%. What is your estimated cost of capital?
2. (7 Points) You decide to use 10% as the project’s opportunity cost of capital (ignore your answer from part a). Your expected tax rate is 25%. What is the project’s NPV?
3. (2 points) You find out that the government is interested in buying the capital investment from you at the end of the project. Instead of selling it for $25,000 at the end of the project, the government will commit today to buying the capital from you for $75,000 post-tax ten years from today. You trust the government and think that this sale is risk free should you take the project. To what extent (if any) should the above information factor in to your decision regarding whether or not to open the theater? Does it change the NPV in any way, if so how? (hint: think of the capital investment as its own project – how will this affect the cash flows and/or the discount rate)

Can you add as much details as you can, Thank you!

Caesars​ Palace® Las Vegas made headlines when it undertook a​ $75 million renovation.

In​ mid-September 2015, the hotel closed its​ then-named Roman​ Tower, which was last updated in​ 2001, and started a major renovation of the 567 rooms housed in that tower. On January​ 1, 2016, the newly renamed Julius Tower​ reopened, replacing the Roman Tower. In addition to renovating the existing rooms and suites in the former Roman​ Tower, 20 guest rooms were added to the Roman Tower. With the renovation​ completed, Caesars expects the Julius Tower room rate to average around $149 per night. This​ increase, a $25 or​ 20.2% increase,​ reflects, in​ part, the room improvements. Assume that the annual fixed operating costs for the Julius Tower in Caesars​ Palace® Las Vegas will be $5,000,000. This amount represents an increase of​ $200,000 per year compared to​ pre-renovation. Also assume that the variable cost per hotel room night after the renovation is $27​; before the​renovation, the variable cost per room night was $20. The contribution margin per room night after the renovation is $122​; before the​ renovation, the contribution margin per room night was $129. The average hotel occupancy​ rate, in​ 2014, for Caesars Entertainment Corporation was​ 91.2%, according to its 2014 Form​ 10-K. By​ comparison, the average hotel occupancy rate in Las Vegas​ overall, for that same time​ period, was​ 86.8%, according to Stastia.com.

1. if Caesars has a target profit of $15,000,000​, how much sales revenue does the company need to make to achieve its target​ profit? ​(Round interim calculations to the nearest whole percent​ and/or dollar. Round your final answer to the nearest whole​ dollar.)

A. $42,153,444

B. $29,845,345

C. $24,390,244

D. $15,852,843

2. If Caesars has a target profit of $15,000,000​, how many rooms must the company occupy throughout the year in order to reach its target​ profit? ​(Round your answer up to the nearest whole​ room.)

A. $240,385

B. $134,229

C. $1122,951

D. $163,935

3. What is each​ room's contribution margin after the​ renovations?

A. $104

B. $122

C. $97

D. $129

Exercise 17-25 Sales Mix and Quantity Variances (LO 17-3)

The restaurant at the Hotel Galaxy offers two choices for breakfast: an all-you-can-eat buffet and an a la carte option, where diners can order from the menu. The buffet option has a budgeted meal price of $47. The a la carte option has a budgeted average price of $36 for a meal. The restaurant manager expects that 40 percent of its diners will order the buffet option. The buffet option has a budgeted variable cost of $27 and the a la carte option averages $20 per meal in budgeted variable cost. The manager estimates that 2,100 people will order a meal in any month.

For July, the restaurant served a total of 1,900 meals, including 640 buffet options. Total revenues were $30,720 for buffet meals and $49,140 for the a la carte meals.

Required:

a. Compute the activity variance for the restaurant for July. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)

b. Compute the mix and quantity variances for July. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)

Exercise 17-25 Sales Mix and Quantity Variances (LO 17-3)

The restaurant at the Hotel Galaxy offers two choices for breakfast: an all-you-can-eat buffet and an a la carte option, where diners can order from the menu. The buffet option has a budgeted meal price of $47. The a la carte option has a budgeted average price of $36 for a meal. The restaurant manager expects that 40 percent of its diners will order the buffet option. The buffet option has a budgeted variable cost of $27 and the a la carte option averages $20 per meal in budgeted variable cost. The manager estimates that 2,100 people will order a meal in any month.

For July, the restaurant served a total of 1,900 meals, including 640 buffet options. Total revenues were $30,720 for buffet meals and $49,140 for the a la carte meals.

Required:

a. Compute the activity variance for the restaurant for July. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)

b. Compute the mix and quantity variances for July. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)

Write a javascript code to Create a function called Hotel that takes Room no, Customer name. amount paid. Write a code to call hotel function for each customer and display details of customers lodging in rooms with even room numbers.
I need only js and html code. no css
pls take screenshot of output , else I might dislike
thanks

The data in the table, from a survey of resort hotels with comparable rates on Hilton Head Island, show that room occupancy during the off-season (November through February) is related to the price charged for a basic room.

• First make a linear equation using linear regression on your calculator where x = price and y = occupancy rate.
• Convert occupancy rate to quantity of rooms in a 200-room hotel.
• Write down a revenue function for a 200-room hotel.
• What price per day will maximize the daily off-season revenue for a typical 200-room hotel? Use Calculus to determine the maximum.
• If this 200-room hotel has daily operating costs of $5510 plus $30 per occupied room. What price will maximize the daily profit during the off-season? Again use calculus to determine the maximum

More detailed instructions are given on page 690 of the textbook (12th edition).

A survey of 1060people who took trips revealed that 94 of them included a visit to a theme park. Based on those survey results, a management consultant claims that less than 11 % of trips include a theme park visit. Test this claim using the ?=0.01significance level.

(a) The test statistic is ___

(b) The P-value is ___

(c) The conclusion is  

A. There is sufficient evidence to support the claim that less than 11 % of trips include a theme park visit.
B. There is not sufficient evidence to support the claim that less than 11 % of trips include a theme park visit.

Independent random samples, each containing 90 observations, were selected from two populations. The samples from populations 1 and 2 produced 36 and 26 successes, respectively.
Test ?0:(?1−?2)=0against ??:(?1−?2)>0 Use ?=0.1

(a) The test statistic is ___

(b) The P-value is ___

(c) The final conclusion is
A. There is not sufficient evidence to reject the null hypothesis that (?1−?2)=0
B. We can reject the null hypothesis that (?1−?2)=0 and conclude that (?1−?2)>0

Kaimalino Properties (KP) is evaluating six real estate investments. Management plans to buy the properties today and sell them five years from today. The following table summarizes the initial cost and the expected sale price for each property, as well as the appropriate discount rate based on the risk of each venture.

KP has a total capital budget of $18,000,000 to invest in properties.

a. What is the IRR of each investment?

b. What is the NPV of each investment?

c. Given its budget of $18,000,000, which properties should KP choose?

d. Explain why the profitability index method could not be used if KP's budget were 12,000,000 instead. Which properties should KP choose in this case?