costs incurred for putting on this event: Rental cost for the auditorium Registration processing Speaker costs Continental breakfast Lunch Parking $150 $8.50 per person 3*$800 = $2400 $4.00 per person $7.00 per person $5.00 per person 1. Build a spreadsheet model that calculates a profit or loss based on the number of nonmember registrants. 2. Use Goal Seek to find the number of nonmember registrants that will make the event break even The Center for Business Analytics is considering a refund policy
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Executive Summary Competition among hotel and hospitality business has increased enormously as customers are getting more educated and fashionable. They’ve been demanding more luxurious services and products which urge organisations to focus on better marketing and strategic planning. Hotels and firms now believe that personal and strong relationships with potential customers is key to competitive advantage in today’s competitive business environment. The idea of developing and upholding the relationship
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Introduction An electronic‚ or computerized spreadsheet‚ can be defined as a software application which displays multiple cells that together make up a grid consisting of rows and columns‚ each cell containing alphanumeric text‚ numeric values or formulas which performs the calculation processes (Bessant‚ 2003; Stroman‚ Wilson‚ and Wauson 2004 and Power n. d.). It has been extensively employed ranging from the field of business and financial community to engineering‚ educational‚ scientific and
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LAN-BASED RESERVATION WITH BILLING SYSTEM FOR RESORT AND HOTEL SCOPE AND LIMITATIONS OF THE STUDY SCOPE The proposed study includes ways and strategies in developing a LAN-Based Computerized Reservation with Billing System for Resort and Hotel where all inputted records and information from guests/guests are being saved in the database. The database serves as the back-office system for storing and retrieving data/records. All queries are being processed in the database for the system’s administrator’s
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Problem Statement Rosewood Hotels currently has 12 iconic luxury hotels worldwide with a total of 1‚513 room capacity. Each property thrives on its own name and the corporate brand name‚ Rosewood‚ has been muted to preserve the distinctiveness of each individually branded hotel. Rosewood faces competition from corporate branded giants e.g. Ritz-Carlton‚ Four Seasons etc who follow “canned and cookie cutter” approach of maintaining a consistency across all hotels. Rosewood’s management believed that
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thousands of client computers is a key reason for their popularity‚ as is the inherent support for cross-platform compatibility. Common web applications include webmail‚ online retail sales‚ online auctions‚ wikis and many other functions. Hotel is an establishment that provides lodging paid on a short-term basis. The provision of basic accommodation‚ in times past‚ consisting only of a room with a bed‚ a cupboard‚ a small table and a washstand has largely been replaced by rooms with modern
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Starwood Hotels & Resorts Worldwide‚ Inc. is one of the leading hotel and leisure companies in the world with 1‚000 properties in 100 countries and approximately 145‚000 employees at its owned and managed properties. Starwood Hotels is a fully integrated owner‚ operator and franchisor of hotels and resorts with the following internationally renowned brands: St. Regis‚ The Luxury Collection‚ Sheraton‚ Westin‚ Four Points by Sheraton‚ W‚ Le Méridien‚ Aloft‚ and Element. Starwood Hotels also owns
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of the “Shangri-La 2000” strategic plan at the hotel.1 Kowloon Shangri-La was one of the 36 deluxe hotels owned by the Hong Kong-based Shangri-La Hotels and Resorts‚ which owned and managed the largest deluxe hotel chain in Asia. The Shangri-La Hotels‚ while each maintaining a high standard of service‚ had traditionally been managed as if they were independent hotels. In the early 1990s‚ in view of the rapid expansion‚ Shangri-La Hotels and Resorts recognised that there was a need to create a common
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The Operation of Accredited Resort in Nasugbu Batangas Resorts are classified in different categories based on the services that they offer accredited by the Department of Tourism in the Philippines. Accreditation is a certification issued by the Department of Tourism that the standards in the operation of the establishment concerned to ensure safety‚ comfort and convenience of tourist. A first class municipality of the province of Batangas‚ Nasugbu is a short distance (about 70 kms) from the
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Time Value of Money Problem Assignment – Week 3 Prepare solutions to the following problems and submit them as instructed by your section instructor. Show all calculations‚ or identify the sequence of steps and buttons to your financial calculator‚ to support the solutions you submit. John is purchasing a house for $500‚000. He plans to make a down payment of $100‚000 and take out a 30-year mortgage for $400‚000. If the interest rate on the house is 5.5 per cent per year‚ how much will his monthly
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