...Skyview Manor This case study is set in 1962 in rural Vermont. The Skyview Manor is an old, but wel/maintained property that has changed ownership several times over the years. It has no restaurant or bar. It is positioned as a mid-price, good quality "destination" resort hotel. The Skyview Manor is open only during the skiing season. It opens on December 2 and closes the last day of March. The ski mountain that it serves operates on a permit from the state which allows only 120 days of operation per year. Each of the 50 rooms in the east wing rents for $15 for single occupancy or $20 for double occupancy. The west wing of the hotel has 30 rooms, all of which have spectacular views of the skiing slopes, the mountains, and the village. Rooms in this wing rentfor $20 and $25 for sitigle or double occupancy, respectively. The average occupancy rate during the season is about 80% (typically, the Hotel is full on weekends and averages 50 to 60 rooms occupied on week nights). The ratio of single versus double occupancy is 2:8, on average. . Operating results for the last fiscal year are shown in Exhibit 1. Mr. Kacheck, the manager of the hotel, is concerned about the off-season months, which show losses each month and reduce the high profits reported during the season. He has suggested to the owners, who acquired this hotel only at the end of the 1961 season, that to reduce the off-season losses, they should agree to keep the west wing of the hotel operating year-round. He...
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...Questions for Skyview Manor 1. On average, how many rooms must be rented each night in season for the hotel to breakeven? First Alternative: Step 1: Calculate Weighted Average Revenue per room = [Pr(Specific Room Type) x Rent for Specific Room Type] Pr(East) = 50 / 80 Pr(West) = 30 / 80 Pr(Single) = 2 / 10 (Keep in mind that 2:8 implies a ratio of 2/10) Pr(Double) = 8 / 10 Room Type Rev per Room Weighted Average Pr(East Single) = (50 / 80) x (2 / 10) = 12.5% $ 1 5 $ 1 .875 Pr(East Double) = (50 / 80) x (8 / 10) = 50.0% $ 2 0 $ 1 0.000 Pr(West Single) = (30 / 80) x (2 / 10) = 7.5% $ 2 0 $ 1 .500 Pr(West Double) = (30 / 80) x (8 / 10) = 30.0% $ 2 5 $ 7 .500 100.0% $ 2 0.875 $20.875 equals the Weighted Average Revenue per Night Calc Probability Step 2: Room nights rented in FY ended 3/31/62 = Total Rev / Rev per room night = $160,800 / $ 20.875 (per room) = 7703 rooms Step 3: Calculate VC per room for FY 3/31/62 divided by 7703 rooms Cleaning Supplies $ 1 ,920 $ 0.25 Linen Service $ 1 3,920 $ 1.81 1/2 Misc $ 3 ,657 $ 0.47 $ 2.53 per room Step 4: Calculate FC Fixed Costs = Total Cost – Variable Costs = 138,410 – (1,920 + 13,920 + 3,657) = $118,913 Step 5: Calculate BE BE units = FC / CM = $118,913 / ($20,875 – $2.53) = 6482 rooms per season or 54 rooms per night 2. The hotel is full on weekends in the ski season. If all room rates were raised $5 on weekend nights, but occupancy fell to 72 rooms instead of 80, what is the revised profit ...
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...Question 1. Break-even point (per unit) = Total Fixed Costs / Average Revenue – Variable Costs per Unit Total Fixed Costs = Total Costs – Variable Costs Total Costs = $138,410 (Total Expenses, Exhibit 1) In this case, Variable Costs would include Cleaning Supplies, Linen Service, and one half of Miscellaneous expenses; therefore, Total Variable Costs = 1,920 + 13,920 + 3,657 = $19,497 Thus, Total Fixed Costs = $138,410 - $19,497 = $118,913 Average number of rooms occupied per season = 120 days x 80 rooms x 80% occupancy rate = 7,680 Variable Cost per Unit = $19,497/7,680 = $2.54 Average revenue (price) = $160,800/7,680 = $20.94 Thus, break-even point = $118,913/($20.94 - $2.54) = 6462 room nights total / 120 days = 54 rooms Question 2. Weekend nights for the season = 120 nights/7 nights in a week x 2 weekend nights = 34 weekend nights Contribution margin from question 1 or Average Revenue – Variable Cost per Unit = = $20.94 - $2.54 = $18.4 Loss: 80 – 72 = 8 rooms x 34 weekend nights x $18.4 = $5,005 Profit: 72 rooms x 34 weekend nights x $5 increase in rates = $12,240 Difference = $12,240 - $5,005 = $7,235 (number if positive; therefore, we have a profit and we should add it to profit before taxes) Therefore, revised profit before taxed would be equal to $22,390 + $7,235 = $29,625 Question 3. Contribution Margin = Average Revenue – Variable Cost per Unit According to the case, the plans were to reduce the rates for the off-season to $10 and $15 for single...
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...LAKEWOOD LAKES 6-3 315 LB JORDAN PULU FEDERAL WAY 6-2 225 LB CURTIS TAYLOR SEATTLE O’DEA 6-1 215 LB CALEB SAULO KENT KENTLAKE 6-2 225 LB AUSTIN RICKERT ISSAQUAH 6-2 220 DB MIKE WASHINGTON OAK HARBOR 6-3 185 DB JASON THOMPSON KENNEDY CATHOLIC 6-3 205 DB DAMIAN GREENE SAMMAMISH SKYLINE 5-10 175 P BRETT ARRIVEY WOODINVILLE 6-2 205 MP MATT HADLEY CONNELL 6-0 185 MP MIQUIYAH ZAMORA PASCO CHIAWANA 5-11 195 MP MICHAEL RECTOR BELLARMINE PREP 6-1 180 OTHER SENIORS TO WATCH QB DREW AUSTIN GRAHAM-KAPOWSIN 6-2 190 QB ANTHONY BERG MUKILTEO KAMIAK 6-3 200 QB SAM BROWN MILL CREEK JACKSON 6-0 190 QB MITCH GUELLER CHEHALIS 6-3 205 QB JUSTIN HORDYK BETHEL 6-1 175 QB KABEN HUMPHREY-BUTER VANCOUVER UNION 6-3 195 QB KIERAN McDONAGH VANCOUVER SKYVIEW 6-2 225 QB LUCAL McGILL WENATCHEE EASTMONT 6-2 200 QB JAKE NELSON LAKE STEVENS 6-2 195 QB DEION WRIGHT YAKIMA DAVIS 6-0 185 RB LATRELL DUKES N/A 5-11 215 RB CALEB GARZA OTHELLO 5-10 185 RB KOLE HEIDINGER SPOKANE FERRIS 5-9 175 RB EUGENE HOLLEY SHORELLINE SHOREWOOD 6-0 175 RB SPENCER KILLMAN OLYMPIA 6-0 190 RB ZACH MARSHALL CAMAS 5-9...
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...liability: tortious liability can incur in the absence of contract but contract liability can only incur if a contract exists. * Difference between tortious liability and criminal liability * Consequences of causing harm Tort of trespass * Trespass is actionable per se, which means that there is no need for the plaintiff to prove actual loss or damage in order to commence a civil action against the trespasser. It is, however, necessary to prove that the interference was either intentional or negligent. * Types of trespass * You commit the tort of trespass to land if you directly and intentional interference with land in the rightful possession of X without X’s consent of other excuse. Lord Bernstein of Leigh (Baron) v Skyviews & General Ltd [1978] 1 QB 479 * * Doesn’t need to be physical trespass of airspace * A tenant in rightful possession of land has the right to sue for trespass, including the right to sue the landlord if the landlord enters the land...
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...Date: 2/18/2014 To: Heathcot-Lynn Foundation Board of Directors Subject: Overall Review and Funding Decisions of Proposals The Heathcot-Lynn Foundation has been an innovator in the health and safety sector for many years. Due to the popularity of this foundation the amount of proposals received is astronomical. In a perfect scenario, funding could be given to every proposal, seeing as how perfect scenarios are almost impossible to come by some tough decisions need to be made. My team and I have given much thought to the $3000 we can allocate across the four different proposals. Procedures The most important part for every member on our team to understand is what a good proposal looks like, and what it takes for an idea to be funded. After our team understood that idea they were able to analyze each proposal individually, so individual opinions could be formed to enable constructive input in the larger group meeting. Keeping in mind the evaluation criteria Heathcot-Lynn provided us; need for project, goal, project approach, cost, and impact our team got down to work collaboratively. Findings The first proposal submitted by the Skyline Coalition comes to us with not just one issue, but two. Right away it is clear to understand the need for, and goals of this project. The first problem arises when looking at the project approach criteria. The proposal doesn’t say how they plan on sustaining the prescription distribution beyond the three month time frame funding...
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...SkyView Business Plan December 6, 2010 Wei Xiong, Tao Song, Chen Feng, Yue Wang, Xiuyun Tang [pic] Introduction: Our company name is SKY-VIEW,we provide high-tech projector with bluetooth,wireless, 3D,and also can connecting game system(eg. Ps3,x-box etc.) Target market Our products to all countries, especially in cities.and the consumer groups aged between 18-45.also has households,business,school, family, cinema. Background Skyview is a leading enterprise with a comprehensive portfolio of products services spanning the fallowing areas: ● Design ● Development ● Implementation ● Manufacturing ● Sales ● Service Our company was founded in 2002,sky-view created a world-class software system and hardware design that has become a global movement.sky-view consists of three Special Business Units: Hardware, Software and Turnkey system.sky-view mandate is to provide innovative, high-quality and reliable products.Therefore we have made continual investments in operations technology, quality enhancement programs and new product research.sky-view has maintained a strong investment in quality incentive programs in order to result in a higher quality product. After more than 8 years of operations,the company has gained wide spread customer satisfaction and achieved great success through its reputation for excellence,top-notch quality,and impeccable service.the company currently management has 5 manager,6 salesmen,the serves section has...
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...Throughout my life how I see my future has changed in so many ways. How many kids I want, what kind of man I want to marry, my job, the car I want, even the type of community I want to live in, has changed. When I was little my dream job seemed to change everyday depending on how I felt that day. As I got older, being a veterinarian stuck in my mind. That idea didn’t change until my freshman year of high school, when I decided that being an Athletic Trainer was going to be my thing; after taking two years of Sports Medicine with Rusty Sullivan here at Skyview High School I learned that taping ankles and giving concussion tests just isn’t for me. Being a senior in high school the question, “So what do you want to do after you graduate?” seems to get brought up in every conversation I’m involved in. My answer was always “well, I don’t know yet”, or something I had just randomly came up with off the top of my head because really how would they know if I was lying or not. As my senior year is...
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...Dirt Bikes USA Running Case Study Bryan Gaine Melissa Kelly Brad Michels Erica Riley Table of Contents Management Analysis of a Business .....................................................................................4 Analyzing Financial Performance..........................................................................................5 Competitive Analysis .............................................................................................................7 Analyzing the Total Cost of Ownership (TCO) of Desktop Software Assets .......................8 New Customer Database Design ...........................................................................................9 Using Internet Tools to Increase Efficiency and Productivity ...............................................10 -2- Table of Charts Table 1: Dirt Bikes USA Sales History from 2001 to 2005 .................................................. 5 Table 2: Domestic vs. International Sales from 2001 to 2005 ...............................................6 Table 3: Statement of Income ................................................................................................6 Table 4: Software Suites ........................................................................................................8 Table 5: Customer Database ..................................................................................................9 Table 6: Internet Tools Matrix .............
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...Video Compression: An Examination of the Concepts, Standards, Benefits, and Economics ITEC620 April 14, 2008 To accommodate the increased demand for digital video content, compression technology must be used. This paper examines the most commonly used compression formats, the MPEG-1, MPEG-2 and MPEG-4 video compression formats, their relative benefits and differences, the delivery methods available for digital video content and the economics of video content delivery. Every time a digital video disc is played, a video is watched on YouTube, an NFL clip is viewed on a Sprint-based cellular phone, or a movie is ordered through an on-demand cable television video service, the viewer is watching data that is not in the state it which it originated. Video in an unmodified state is comprised of vast quantities of data (Apostopoulos & Wee, 2000). In order to make effective and efficient usage of video data, some method of reducing the quantity of data is necessary. Apostopoulos and Wee, in their 2000 paper, “Video Compression Standards” explain this succinctly and well, “For example, consider the problem of video transmission within high-definition television (HDTV). A popular HDTV video format is progressively scanned 720x1280 pixels/frame, 60 frames/s video signal, with 24-bits/pixel (8 bits for red, green, and blue), which corresponds to a raw data rate of about 1.3 Gbits/sec. Modern digital communication systems can only...
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...Analysis of an Argument Questions for the GMAT® Exam This document contains all Analysis of an Argument questions used on the GMAT® exam. Each question is followed by this statement: Discuss how well reasoned you find this argument. In your discussion be sure to analyze the line of reasoning and the use of evidence in the argument. For example, you may need to consider what questionable assumptions underlie the thinking and what alternative explanations or counterexamples might weaken the conclusion. You can also discuss what sort of evidence would strengthen or refute the argument, what changes in the argument would make it more logically sound, and what, if anything, would help you better evaluate its conclusion. The following appeared as part of an annual report sent to stockholders by Olympic Foods, a processor of frozen foods: “Over time, the costs of processing go down because as organizations learn how to do things better, they become more efficient. In color film processing, for example, the cost of a 3-by-5-inch print fell from 50 cents for five-day service in 1970 to 20 cents for one-day service in 1984. The same principle applies to the processing of food. And since Olympic Foods will soon celebrate its 25th birthday, we can expect that our long experience will enable us to minimize costs and thus maximize profits.” Discuss how well reasoned . . . etc. The following appeared in a memorandum from the business department of the Apogee Company: “When...
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...Analysis of an Argument Questions for the GMAT® Exam This document contains all Analysis of an Argument questions used on the GMAT® exam. Each question is followed by this statement: Discuss how well reasoned you find this argument. In your discussion be sure to analyze the line of reasoning and the use of evidence in the argument. For example, you may need to consider what questionable assumptions underlie the thinking and what alternative explanations or counterexamples might weaken the conclusion. You can also discuss what sort of evidence would strengthen or refute the argument, what changes in the argument would make it more logically sound, and what, if anything, would help you better evaluate its conclusion. The following appeared as part of an annual report sent to stockholders by Olympic Foods, a processor of frozen foods: “Over time, the costs of processing go down because as organizations learn how to do things better, they become more efficient. In color film processing, for example, the cost of a 3-by-5-inch print fell from 50 cents for five-day service in 1970 to 20 cents for one-day service in 1984. The same principle applies to the processing of food. And since Olympic Foods will soon celebrate its 25th birthday, we can expect that our long experience will enable us to minimize costs and thus maximize profits.” Discuss how well reasoned . . . etc. The following appeared in a memorandum from the business department of the Apogee Company: “When the Apogee...
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...CMA Ontario Accelerated Program FINANCIAL ACCOUNTING IFRS MODULE 1 Financial Accounting – Module 1 Table of Contents 1. Financial Statements and the Conceptual Framework 2. The Statement of Cash Flow 3. Revenue Recognition 110 4. Cash 139 5. Accounts Receivable 147 6. Notes Receivable/Payable 163 7. Inventory 187 8. Capital Assets 214 9. Liabilities 278 10. Shareholders’ Equity 310 11. Accounting for Pensions 341 12. Earnings per Share 384 13. Accounting for Leases 405 14. Accounting for NonProfit Organizations 437 15. Financial Statement Analysis 475 Page 2 3 77 CMA Ontario – September 2009 Financial Accounting – Module 1 1. Financial Statements and the Conceptual Framework The purpose of this section is to provide a high level review of the accounting cycle, the preparation of financial statements and the conceptual framework. If you are reading this before the course has started, we recommend that you spend as much time as you can working in the Financial Accounting Primer that you received with the course materials. In fact, we would recommend that you only spend time working with the primer until the day the course starts. Chapter 1 of the FA Primer should be read as a preamble to this chapter. The Accounting Cycle The accounting cycle describes the process whereby individual transactions get compiled to eventually becoming financial statements. The cycle is as follows: 1. Transaction: the company enters into a transaction...
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...Note:The information contained in the list is derived from e-records available in the MCA portal. If any discrepancy/ deviation is noticed by company/ representative of company, the same may be kindly brought to the notice of ministry for rectification. LIST OF SECTION25 COMPANIES S.No. CIN COMPANY NAME GUJARAT URBAN HOUSING COMPANY K K PATEL FOUNDATION ENAR FOUNDATION RESEARCH CENTRE PARYAVARAN EDUTECH HAZIRA AREA INDUSTRIES ASSOCIATION 1 U99999GJ1966NPL001408 2 U74999GJ1986NPL009017 3 U73100GJ1992NPL017317 4 U80903GJ1993NPL020139 5 U91110GJ1993NPL020141 DATE OF REGISTERED OFFICE ADDRESS INCORPORATION 8/17/1966 BHAILAL AMIN MARG VADODARA Gujarat 390003 9/26/1986 BARODA Gujarat 3/17/1992 GYAN MANDIR NH NO 8DHARAGIRI KABILPORE NAVSARI Gujarat 9/7/1993 CENTRE FOR ENVIRONMENT-EDUCATION NFD CAMPUS THALTEJ TEKRA AHMEDABAD- Gujarat 380054 9/7/1993 801,SURYAKIRAN APARTMENT,NEAR SANT XAVIAR SCHOOL, GHOD DOD ROAD,SURAT SURAT Gujarat 395007 11/24/1993 H.N-1099, GROUND FLOOR SECTOR-27. GANDHINAGAR Gujarat 382027 1/25/1994 AVDESH HOUSE , 3RD FLOOR PRITAM NAGAR , ELLISBRIDGE AHMEDABAD Gujarat 380006 8/2/1994 14-A, PUNIT PARK, SHAHIBAUG AHMEDABAD Gujarat 380004 10/19/1995 512 / 515 G I D CPHASE I NARODA AHMEDABAD Gujarat 382330 1/31/1996 CORE HOUSE OFF C G ROADPARIMAL GARDEN ELLISBRIDGE AHMEDABAD Gujarat 380006 12/9/1996 "PARITOSH" USMANPURA AHMEDABAD Gujarat 380013 6/10/1998 GUJARAT AGRICULTURAL UNIVERSITY CAMPUS ANAND DIST KHEDA Gujarat 4/23/1999 402 SHIKHAR BUILDINGNR MOUNT CARMEL RLY...
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