1. Brief summary of the case Ben Bates‚ 28 years old‚ graduated from college six years ago with a finance undergraduate degree. He is now working at the financial management company of Dewey and Louis. He expects to work for 38 years later. His goal is to become an investment banker. And he feels that an MBA degree would allow him to achieve this goal. After examining schools‚ he has narrowed his choice to either Wilton University or Mount Perry College. - The Ritter College of Business is under
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Skyview Manor This case study is set in 1962 in rural Vermont. The Skyview Manor is an old‚ but well-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
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Meerkat Manor Q 1. Addition of new members: Meerkats display functions very similar to humans. The meerkats top female‚ Flower is the only who reproduces and has babies. For example Flower does not want other females having babies because this could jeopardize the chances of survival for her baby meerkats. Meerkats mate the same way humans do which is another similarity to the human race. Physical care and maintenance: The meerkats take care of each other by grooming each other to rid themselves
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BEN BATES MBA | Working | Wilton | Mount Perry | Annual Salary | 55‚000 | 98‚000 | 81‚000 | Expected increase | 3% | 4% | 3.50% | Work (years) | 38 | 36 | 37 | Tax rates | 26% | 31% | 29% | Annual tuition | | $63‚000 | $80‚000 | Books and other supplies (annual) | | $2‚500 | 3‚500 | Programs (year) | | 2 | 1 | Signing bonus | | 15‚000 | 10‚000 | Health insurance (annual) | | $3‚000 | 3‚000 | Room and board (annual) | | $20‚000 | $20‚000 | 1. How does Ben’s age
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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 / 120
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1. Distinguish between a business function and a business process. From the definition‚ business process is a collection of activities that takes one or more kinds of input and creates an output that is of value to the customer. For the satisfaction of customer‚ from the input to output‚ there are some functional areas of operation involved into the whole business process‚ such as marketing and sales‚ accounting and finance‚ supply chain management. Therefore‚ business function is activities
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QUESTIONS 1. How does Ben’s age affect his decision to get an MBA? Age is definitely a huge factor in his decision to get an MBA. The younger the individual‚ the more opportunity for salary increases which in turn‚ the quick he can recover his costs of returning for an MBA. These costs include the opportunity cost of lost income in pursuing his MBA as well as the cost of the tuition itself. 2. What other‚ perhaps nonquantifiable‚ factors affect Ben’s decision to get an MBA? The location of
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1. How does Ben’s age affect his decision to get an MBA? Ben’s age should be a positive factor in earning his MBA. He is still very young‚ and has 40 years in his career to go. 2. What other‚ perhaps non-quantifiable factors‚ affect Ben’s decision to get an MBA? If Ben works hard on his MBA‚ he will get great grades and possibly a high GPA which can have better opportunities and promotions. 3. Assuming all salaries are paid at the end of each year‚ what is the best option for Ben‚ from a
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1. 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. Hence
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manorialism‚ which centered around manors. There were many key characteristics that defined the Medieval manor. A manor was a large estate owned by a feudal lord‚ and the most common form of a fief (Ahlin 1‚ Nardo 19). Manors included a castle or manor house‚ at least one village‚ and the surrounding farmland (Frey 22). Manorialism was the name of the system that included the services that the peasants on a manor owed to the lord and their contracts with the lord (Nardo 25). A manor could be anywhere from 16
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