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Question - Welcome to the Hotel California. You are assigned to budget for the next quarter operation. We are in September and the hotel needs to budget for the 4th quarter; for October, November, and December. The expected occupancy is estimated to be 2000 rooms. Each room will require 5 hours of room service. The hourly rate is $17 per hour. Your cost of food is $17 for breakfast; currently, your food purchase's total amount is $6000 and you would like to keep on hand $9000 for the New Year beginning inventory. Room rate is estimated to be $250.
1. Construct a sales budget.
2. Construct a direct labor budget for the upcoming quarter.
3. Construct direct material/purchases budget for the upcoming quarter.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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