Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

could you pleasr help me with part 4 Based on the data of the questions. The weather at the beach is as shown in the

could you pleasr help me with part 4
Based on the data of the questions.
image text in transcribed
image text in transcribed
image text in transcribed
The weather at the beach is as shown in the table. max high = 32 Monthly Averages & Records "FIC Average Date Average Low High Record Low Record High Average Precipitation Average Snow January 10 140 0.3" 28.3" (1957) 4.72" February 1" 3 16 - 15.6" (1985) -11.7" (1936) -11.1" (1960) 3.45 29.4 (1930) March 70 09 200 4.07 34.4" (1935) April 10 24 -5.60 (1983) 35.6(2002) 3.19 May 15 28 1.7" (1963) 38.3" (1938) 4.26 June 19" 31 41.1" (1954) 4.74" 5 5 5 5 5 July 22 5.6" (1988) 10.6 (1933) 12.8" (1986) 330 6.7" 40 (2005) 41.10 (1954) August 21" 32 6.76 September 18 29 7.2" (1995) 38.9 (1944) 5.86 0" October 12 24 -2.8 (1952) 36.7 (1954) 3.25" 0" November 79 21 -8.9 (1950) 31.70 (1961) 2.74" 0" December 3 16 -13.3" (1989) 28.9" (1943) 3.62" 0.6 Part 4: Tina's investment growth: Calculating the value of Tina's investment (K 3, A3, C 2 Marks) In the year 2010, Tina's average costs for maintaining the rooms are $45 for each room rented. In July 2010, Tina managed to rent all the rooms at the price calculated in part 3. a) Determine Tina's total revenue for the month July 2010. b) Determine the Tina's profit for the month of July 2010. c) Tina invested the profit she earned in July 2010 on Aug 1, 2010 in a saving account that earned 6.25% p.a. compounded monthly. Calculated the value of Tina's investment on July 31, 2018 d) Tina decided to reinvest this particular investment in a different account that earns 6.25% p.a. compounded daily. Calculate the value of Tina's investment today. e) Calculate the value Tina's investment for your favourite day in you chose in Part 1 in this year (2021) Part 3: Pricing Model based on occupancy: Calculating maximum revenue per day based on the temperature. (K 2, A2, T2 Marks) Research has shown that for every $4 decrease in the price, five more rooms are rented. And at the price of $120/day on average three hundred rooms are occupied. a) Determine the price Tina has to charge to have maximum revenue. b) Find the maximum revenue. The weather at the beach is as shown in the table. max high = 32 Monthly Averages & Records "FIC Average Date Average Low High Record Low Record High Average Precipitation Average Snow January 10 140 0.3" 28.3" (1957) 4.72" February 1" 3 16 - 15.6" (1985) -11.7" (1936) -11.1" (1960) 3.45 29.4 (1930) March 70 09 200 4.07 34.4" (1935) April 10 24 -5.60 (1983) 35.6(2002) 3.19 May 15 28 1.7" (1963) 38.3" (1938) 4.26 June 19" 31 41.1" (1954) 4.74" 5 5 5 5 5 July 22 5.6" (1988) 10.6 (1933) 12.8" (1986) 330 6.7" 40 (2005) 41.10 (1954) August 21" 32 6.76 September 18 29 7.2" (1995) 38.9 (1944) 5.86 0" October 12 24 -2.8 (1952) 36.7 (1954) 3.25" 0" November 79 21 -8.9 (1950) 31.70 (1961) 2.74" 0" December 3 16 -13.3" (1989) 28.9" (1943) 3.62" 0.6 Part 4: Tina's investment growth: Calculating the value of Tina's investment (K 3, A3, C 2 Marks) In the year 2010, Tina's average costs for maintaining the rooms are $45 for each room rented. In July 2010, Tina managed to rent all the rooms at the price calculated in part 3. a) Determine Tina's total revenue for the month July 2010. b) Determine the Tina's profit for the month of July 2010. c) Tina invested the profit she earned in July 2010 on Aug 1, 2010 in a saving account that earned 6.25% p.a. compounded monthly. Calculated the value of Tina's investment on July 31, 2018 d) Tina decided to reinvest this particular investment in a different account that earns 6.25% p.a. compounded daily. Calculate the value of Tina's investment today. e) Calculate the value Tina's investment for your favourite day in you chose in Part 1 in this year (2021) Part 3: Pricing Model based on occupancy: Calculating maximum revenue per day based on the temperature. (K 2, A2, T2 Marks) Research has shown that for every $4 decrease in the price, five more rooms are rented. And at the price of $120/day on average three hundred rooms are occupied. a) Determine the price Tina has to charge to have maximum revenue. b) Find the maximum revenue

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Auditing And Other Assurance Services

Authors: Ray Whittington, Kurt Pany

13th Edition

007232726X, 9780072327267

More Books

Students also viewed these Accounting questions