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?

*PLEASE ANSWER LETTERS A-F THOROUGHLY*

The Twelve-stars Amusement Park

The Twelve-stars traveling amusement park has recently set up operation in the East Bay. The arrival rate of patrons at the park is estimated as 35 per hour. There is one admissions gate, staffed by a single worker. Admissions can be conducted at an estimated rate of 40 per hour. 40% of patrons go directly to the Ferris wheel, while 30% go to the rollercoaster. The remaining 30% go to the zombie house. The service rate of the Ferris wheel is 18 patrons per hour, while the service rate of the roller coaster is 15 patrons per hour. The service rate of the zombie house is 16 patrons per hour. All of the patrons leaving the Ferris wheel go to the house of mirrors. In addition, 40% of patrons leaving the roller coaster go to the house of mirrors. The house of mirrors serves patrons one at a time at a rate of 25 per hour. All patrons leaving the house of mirrors as well as remaining patrons leaving the rollercoaster all go to the exit gate. In addition, all patrons leaving the zombie house go directly to the exit gate. There is one worker at the exit gate, who can process exiting patrons at a rate of 38 per hour. It is desired to determine for this amusement park, the expected number of patrons waiting at the admission gate, exit gate, and at each ride. It is also desired to determine the expected time patrons spend waiting at each of these locations. If an additional worker was available, at which "station" (i.e., entry gate, exit gate, or ride) should this worker be placed?

The dept. of public safety for Alameda County would like to know what the average number of patrons is expected to be in the park over the course of a day in order to determine whether this meets with safety code and fire Marshall regulations. Current regulations do not allow for more than 40 patrons in the park at any one time. What would you report for this? (i.e., is the requirement met?) (Note that you can treat each station as a single server system!!!!!) Make sure to show your calculations and report your results regarding park operations.

A) Write a short summary of the case, including the purpose of your analysis. B) Show and explain the model you used to evaluate the amusement park system.

C) Show any calculations you used to obtain your results. (Hint: for each gate and ride you will need l, lq, and wq.)

D) Display a summary of results.

E) Answer any questions posed with the case in addition to the summary of results. (i.e., at what ride would you place an additional worker, and are park limitations on patrons being met?)

F) Write a brief conclusion and recommendations. A few sentences will suffice.