In: Finance
In: Psychology
The Tower Hotel has two operating departments: Rooms and F&B. 69% of the hotel’s total revenue is earned from room sales and the remaining revenue is earned from F&B sales. Rooms department’s contribution margin ratio is 65% and F&B department’s contribution margin ratio is 54%. If the fixed cost of the hotel is $411,206, and the management is targeting a before-tax profit of $146,476, what is the required sales revenue? (Rounded to whole numbers)
In: Accounting
A hotel is looking to replace its outdated alarm system to comply with safety standards. It has two options: System A costs $35,000 and lasts nine years. System B costs $22,000 and lasts six years. Maintenance throughout the year will cost $2,000 for System A and $3000 for System B, recognized at the end of each year. The hotel’s cost of capital is 10%. Which alarm system should the hotel choose? (Please Show work and explain answer)
In: Finance
In: Economics
Steve and Elsie are camping in the desert, but have decided to
part ways. Steve heads north, at 8 AM, and walks steadily at 2
miles per hour. Elsie sleeps in, and starts walking west at 2.5
miles per hour starting at 10 AM.
When will the distance between them be 25 miles? (Round your answer
to the nearest minute.)
In: Math
An automobile manufacturer claims that the new model gets an average of 30 miles per gallon on the highway, with a standard deviation of 5 miles. However, when a consumer group drove 100 cars on the highways. the group found the average mileage was 28.5 miles. what can the consumer group assert with 99% confidence? check your answer with the p-value test?
In: Statistics and Probability
Box in answer please and clarify writing as I am comparing work.
At 1:00 PM, ship A is 80 miles west of ship B. Ship A is sailing east at 25 miles per hour while ship B is sailing north at 20 miles per hour. Find the rate of change of the distance between the ships at 3:00 PM.
In: Math
In: Statistics and Probability
50 employees of a company are selected at random and asked how far they commute to work each day. The mean distance (in miles) of 50 employees of a company is 27.9 miles and the standard deviation of the 50 commute distances is 11.5 miles. Use a single value to estimate the mean distance traveled by an employee from that company. Also, find the 95% confidence interval.
In: Statistics and Probability