Skyview Manor - 1075 Words

Question 1— On average, how many rooms must be rented each night in season for the hotel to breakeven? Calculating the break-even occupancy level requires splitting the costs in Exhibit 1 into the fixed and variable components: a) Variable Costs: Cleaning supplies $ 1,920 Linen service $13,920 1/2 Misc. expense $ 3,657 $19,497 b) Per Occupied Room Night = $19,497 à · 7,680 (120 80 80%) = $2.54 c) Contribution Margin: Average revenue $160,800 à · 7,680 = $20.94 Revenue - Variable Cost = $20.94 -$2.54 = $18.40 d) Fixed Costs: Total Costs - Variable Costs = Fixed Costs $138,410 - $19,497 = $118,913 e) Break Even = $118,913 / $18.40 = 6,463 room nights Per night (à · 120) = 54 rooms (68% occupancy) Skyview 1 Skyview 2†¦show more content†¦Depreciation of $30,000 with a 15 year life implies buildings furnishings of $450,000. Skyview 8 2. Interest expense of $21,716 for the first year at 5% interest implies an average one year old mortgage balance of about $434,000 [beginning balance (new mortgage) of $440,000 and ending balance of $430,00]. Assuming a normal mortgage limit of 80% of value, the property is worth about $550,000. 3. This would imply about $100,000 for non-depreciable land (550,000-450,000), which seems reasonable. 4. There is probably very little working capital investment here—no receivables, very little inventory, and perhaps some modest accruals for wages, payroll taxes and miscellaneous bills. We would estimate a net of about zero, except for cash. 5. The cash balance would have to be large enough to support the float on day to day operations over the year. Exhibit 1 here is a rough estimate of cash flows over the twelve months. The business would need about $55,000 in cash at the end of a season (April 1) to carry it through until December (including a 10% cushion). From December to March, the business probably needs about $20,000 in cash at any time (roughly, 1 month’s payments plus a 10% cushion). Thus, at March 31 we would estimate a cash balance of probably $55,000Show MoreRelatedSkyview Manor617 Words   |  3 Pagesï » ¿ SkyView Manor Case Question 1 variable Cost Linen service $13,920.00 Supplies $1,920.00 1/2 Misc Exp $3,657.00 Total $19,497.00 Revenue $160,800.00 CM Ratio = 1- (19497/160800) 0.87875 Average room 160800/7680 rooms $20.94 contribution margin per room $18.40 Fixed Cost Depreciation 30000 Property tax 4000 Insurance 3000 Mortgage 21716 Salaries $27,480.00 payroll Tax $5,496.00 Repairs $17,204.00 Utilities $6,360.00 1/2 misc $3,657.00 Total 118913 Break even 6463 rooms /Read MoreSkyview Manor Case792 Words   |  4 Pagesï » ¿ ACC 5850 Skyview Manor Case 1. On average, how many rooms must be rented each night in season for the hotel to break even? Variable Costs: Cleaning Supplies $1,920 Linen Service $13,920  ½ Misc Expenses $3,657 $19,497 (Total Variable Cost) Variable Cost per Occupied Room Night: = =$2.54. Contribution Margin: Average Revenue = = $20.94 Contribution Margin = Revenue – Variable Cost = $20.94 – $2.54 = 18.40. Fixed Costs: = Total Costs – VariableRead MoreSkyview Manor Case Essay3230 Words   |  13 PagesThe principal question of the case study is whether Skyview Manor should stay open during the off-season or not. Currently, Skyview Manor is operating during the skiing season which opens a total of 120 hotel operating days but if they remain open the hotel will operate 365 days a year. The manager of the hotel, Mr. Kacheck, is worried about off-season losses. Mr. Kacheck proposed following ideas in order to increase the occupancy and decrease the losses. * Stay open in the off-season andRead MoreSkyview Manor Essay800 Words   |  4 Pages1. On average, how many rooms must be rented each night in season for the hotel to breakeven? We calculate the blended rate for each of the wings using the single room and double room rates and occupancy ratios. The daily expense during the season is - Hence to break even we must have occupancy to cover $1,153.42 in costs on a daily basis. Assuming equal occupancy (x) in East Wing and West Wing we get the equation as (24*30 + 19*50)*x = 1153.42. We get occupancy as 69.1 percent. HenceRead MoreSkyview Manor Essay examples1072 Words   |  5 PagesQuestions 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(EastRead MoreDirt Bike1883 Words   |  8 Pagescost, which is $140 while the -8- downtime would cost $170 or 15% of the initial purchase cost. New Customer Database Design Customer ID 1 Last Name Mann First Name Dwight Street 23 Colby Ln. 3 Pinehill Rd. 38 Ryder Rd. 8 Belle Ave. 66 Skyview Terrace 722 Donald Dr. 11 Buena Vista Dr. 523 Grant St. 68 Clinton St. 95 Canyon Dr. 23 Colby Ln. 38 Ryder Rd. Customer Database City State Zip Tacoma WA 98109 Phone (253)1234333 (435)7973322 (402)4716950 (928)3825877 (505)5824301 (714)2785564 (805)4137922

The Increase Of Binge Drinking Essay - 1147 Words

Nationwide, binge drinking has not received the same awareness as other leading health risks. Binge drinking is the consumption of â€Å"four or more alcoholic drinks†¦for women...and five or more drinks†¦for men† per occasion(s) within a month (Kanny, Liu, Brewer Lu, 2013, p. 77). According to data collected by the Behavioral Risk Factor Surveillance System (BRFSS) in both 2010 and 2011, the overall national prevalence of binge drinking was 17.1% and 18.4%, respectively (Kanny, Liu, Brewer Garvin, 2012, p. 15; Kanny et al., 2013, p. 78). Both years listed the Midwest as an area with both the highest age-adjusted prevalence of adult binge drinking and the highest intensity (the amount of drinks per occasion within the past month) of binge drinking (Kanny et al., 2012, p. 16; Kanny et al., 2013, p. 78). As a state in the Midwest, Illinois should make efforts to decrease the prevalence of binge drinking in the state because nationwide binge drinking has shown to 1) c ost the United States billions of dollars annually from lost productivity, health care, and crime, 2) increase a person’s risk for variety of health problems from diseases to injuries, and 3) account for more than 50% of the annual average deaths due to excessive drinking. From a cost perspective, binge drinking is an exorbitant for the country. Binge drinking is a type of excessive drinking - defined as binge drinking with the inclusion of heavy drinking, all underage drinking and all drinking by pregnantShow MoreRelatedTeenage Binge Drinking and its Consequences1294 Words   |  6 PagesTeenage drinking is among the issues that have received respectable attention from researchers owing to its increase. In the United States as well as other countries, underage drinking has become a prevalent issue with often far-reaching consequences. Teenagers, who engage in binge drinking, are likely to be exposed to other dangers, such as psychological issues, drinking-related a ccidents, and violent crimes. The increased prevalence of this problem makes it imperative to understand contributingRead MoreTo Lower or Not to Lower the Legal Drinking Age to 18, That Is the Question881 Words   |  4 Pagessuggests that binge drinking is on the rise among college students (Eisenberg n.p.). With an increase of alcohol consumption by underage drinkers, it only seems logical to lower the drinking age to prevent binge drinking, however there are far more consequences to be seen. Lowering the drinking age to 18 will not solve the binge drinking problem among college students but will cause more problems. In this paper I will explain the reason why lowering the drinking age will not stop binge drinking and theRead MoreBinge Drinking vs the Drinking Age Essays829 Words   |  4 Pages2013 Binge Drinking VS the Drinking Age Presidents of college campuses around the nation face issues of underage drinking and binge drinking on a regular basis and realizes that it is a danger and a problem. â€Å"Alcohol consumption is the third leading cause of death in the U.S., a major contributing factor to unintentional injuries, the leading cause of death for youths and young adults, and accounts for an estimated 75,000 or more deaths in the United States annually† (Wechsler 2010). Binge drinkingRead MoreBinge Drinking Among College Students And Its Implications On The Society1462 Words   |  6 PagesBinge Drinking among College Students and Its Implications on the Society Binge drinking is a term used to describe a situation where women drink more than 4 bottles of alcohol in a row and men drink 5 or more bottles of alcohol in a row. It is taking too much alcohol in a short period. Alcohol is a substance that gradually produces an addiction in the body. Many college students use alcohol in recreational activities and parties. The alcohol gradually leads to addiction and causes a decline in theirRead MoreAccording To â€Å"College Drinking,† Almost Two Out Of Three1388 Words   |  6 PagesAccording to â€Å"College Drinking,† almost two out of three college students engage in binge drinking. Binge drinking is a pattern of drinking that brings blood alcohol concentration (BAC) levels to 0.08 g/dL or higher (â€Å"College Drinking†). Many parents, guardians, and psychologists believe that college students binge drink because they think drinking is an integral part of their higher education. Similar to peer pressure, college student s drink because the rest of the student body drinks. FurthermoreRead More18 vs. 21: Drinking Age1389 Words   |  6 PagesWhy do people only want to change the drinking age from 21 to 18, when there are other activities that have limit of age such as marriage at 18, driving at 16 and 35 to be a president? Alcohol plays a major role in today society, which becomes a controversial issue among teens. Alcohol is a mind-altering chemical that is potentially more dangerous than any other drug and can be very destructive. For past few years, many people are trying to lower the drinking age without knowing the negative effectsRead MoreThe Effects Of Binge Drinking On The Uk And The Health Problems1331 Words   |  6 PagesIntroduction Binge drinking is defined as people drinking plenty of alcohol in a short period of time or get drunk (NHS, 2014). In other words, binge drinking is drinking alcohol lead blood alcohol concentration (BAC) equal to or over 0.08g/dL. It means that when men drink more than 5 units of drinks and women have over 4 units of alcohol in around 2 hours is binge drinking.(NIH News,2014)Nowadays, binge drinking have a large proportion among youths in the UK, which lead to the health problemsRead MoreYouth binge drinking1621 Words   |  7 Pagesï » ¿To what extent is youth violence, crimes and anti-social behaviour linked to youths binge drinking. Binge drinking can be defined as an excessive consumption of alcohol within a short period of time to get drunk. This essay will focus on how youth violence, crime and anti-social behaviour is linked to youths binge drinking. It is widely known that the youths in United Kingdom start drinking at an early stage of their lives. Talbot and Crabbe (n.d.) state that â€Å"government statistics suggest that†¦Read MoreThe Abuse of Alcohol by College Students647 Words   |  3 PagesIowa City, Iowa, are facing. With increasingly more students drinking alcohol, what was once just a casual drink can quickly turn into binge drinking. This behavior has many consequences for not only the student, but also the public. By being resilient and working together as a community, we all could make it easier to combat this problem of binge drinking in college students in Iowa City and the troubles that arise from it. Binge drinking is defined as the consumption of alcohol that raises a person’sRead MoreThe Effects Of Binge Drinking On College Students Essay825 Words   |  4 PagesBinge Drinking would have various of ways to define what in reality means. As for college students would define it as a way to drink non-stop, just for fun, or excessively drinking until drunk. Binge drinking can be interpreted in a scientific form, like NIAAA defines binge drinking as a pattern of drinking that brings blood alcohol concentration (BAC) levels to 0.08 g/dL. This typically occurs after 4 drinks for women and 5 drinks for men—in about 2 hours. (National Institute on Alcohol Abuse

A First Generation Armenian / Egyptian American - 820 Words

There has never been a person who has changed the world by sitting back and hoping that someone would do something. This is what my father would say to me when I asked why we were attending town hall meetings. Admittedly, I did not enjoy these meetings as a child; I could not comprehend why these adults were yelling at one another. However, as I grew older I began to appreciate their passion, the belief that through teamwork and organization, these individuals can accomplish something that could not be done otherwise. As a first generation Armenian/Egyptian-American much of my extended family still lives in Egypt. I was raised a stone’s throw from the poverty and despair that marks much of the world. As I continue to move between endless opportunities that the United States has to offer and the deprivation of countries like my parents’, I realize the current challenges as a public agent in the field of reforming health policy in order to alleviate health disparities al ong ethnic, socioeconomic, and national lines. Currently, I am a district intern for San Francisco State Assembly David Chiu while pursuing a master degree in Public Administration/ Health Administration at the University of San Francisco’s School of Management. This internship opportunity helps me fulfill my interest in policy reform with working on issues such as, access of quality health services; I am also researching best practices in health policy implementation in hopes of alleviating healthShow MoreRelated The Concept of Encounter of Cultures in the Philosophy of History4644 Words   |  19 Pagesdevelopment is also crucial. By the criterion I develop, a culture which has expanded its potentialities in various independent forms is an open culture able to enter into dialogue with any other culture. 1. To begin with, I must mention that at first I intended to present my paper at the Section of Philosophy of History, because the point at issue here has a great concern to the concept of history and to the methodological approaches of historians. Something must be changed in the attitude of historiansRead MoreAn Article On The Middle East2928 Words   |  12 PagesEmpire to the second half of the twentieth century, highlighting the fundamental events and factors that have signed the constitution of the region as we know it. I am then going to describe the main forms of government that have characterized the generation of the modern states that are part of the contemporary Middle East. Finally I will analyse and focus on the external forces and elements that have shaped and continue to shape the development of the area’s politics, economics and societies. Read MoreA Picatrix Miscellany52019 Words   |  209 PagesTalismans Picatrix Astrological Magic Aphorisms Extracts on Planetary Ritual Clothing Twenty Two Benefic Astrological Talismans Astrology, Magical Talismans and the Mansions of the Moon Ritual of Jupiter An Astrological Election of Mercury in the First Face of Virgo for Wealth and Growth XIV. Invocation of Mercury On the Decans and Tarot XV. XVI. XVII. XVIII. A Brief History of Tarot The Decans in Astrology Overview of Recent Tarot Works That Reference the Picatrix Magical Uses of the Tarot ColophonRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagesand Paul Buhle, eds., The New Left Revisited David M. Scobey, Empire City: The Making and Meaning of the New York City Landscape Gerda Lerner, Fireweed: A Political Autobiography Allida M. Black, ed., Modern American Queer History Eric Sandweiss, St. Louis: The Evolution of an American Urban Landscape Sam Wineburg, Historical Thinking and Other Unnatural Acts: Charting the Future of Teaching the Past Sharon Hartman Strom, Political Woman: Florence Luscomb and the Legacy of Radical Reform

Dwight D Eisenhower Essay Example For Students

Dwight D Eisenhower Essay Dwight D. Eisenhower was born on October 141890 in Denison Texas. His parents were DavidJacob Eisenhower and Ida Stover Eisenhower. Hehad two older brothers Arthur and Edgar and threeyouger ones Roy,Earl and Milton. Predictions madein his highschool year book saw Dwight as becominga history professor and strangly enough his olderbrother Edgar becoming President of the UnitedStates. Many happenings in Dwights life showleadership ability. In 1941 Eisenhower was appointedby the army to plan the stradegy for the Third Army inwar games in Louisianna. He brilliantly defeated theenemy force. This performance earned him apromotion to brigadier general in September 1941. The U.S. enterred World War 2 in December of 1941. After Japans attack on Pearl Habor General GeorgeC Marshall ,Army Chief of Staff, brought Eisenhowerto Washington D.C. to serve in the Armys war plansdivision. He was then named commanding general ofthe U.S. forces in the European Theatre ofOperations. In July of 1942 Eisenhower becamelieutenant general. Also named commander of alliedforces to invade North Africa. The invasion resultedin the recapturing of the reigon from german anditalian forces. Eisenhower became a four star generalin February 1943. In all these campaigns he workedto create unnity between all the foreign commanders. Many americans viewd this to be a very difficult job. Eisenhower said Good leadership was not amatter of issuing orders but it was a matter ofenforcing obedience instead. With Eisenhowerhaving all the experience in leadership, manyamericans thought Eisenhower would make a greatpresident. During the presidency of Dwight D. Eisenhower he was faced with many difficult tasks ordecisions. When Dwight D. Eisenhower was runningfor office he had promised that he would travelpersonally to Korea to astablish a truce. In the middleof the year 1953 he full filled this promise. In 1954Eisenhower sent protection to South Vietnam in 1954in an effort to prevent its take over by Communist-runNorth Vietnam. He also launched a major federalpublic works program that established the nationalinterstate highway system and the Saint LawrenceSea Way. In the year 1956 he was forced to deal with his firstdomestic crisis, the violent reaction to the courtordered racial segregation in Little Rock,Arkansas. Nationalizing the Arkansas National Guard andsending in additional troops quickly restored peace. In 1961 Eisenhower cut off diplomatic relations withCuba in response to the Cuban Revolution of 1959. These are just a few difficult decisions thatEisenhower had to make during his presidency. Theamerican public had faith in their president to makethe right decison. Eisenhower had full suport from theamerican public. BibliographyThe American Presidencyhttp://www.grolier.com/presidents/EisenhowerDwight D Eisenhower Encarta Encyclopedia,1998History