Managerial Acct Assignment plz answer both questions on the second picture .

Individual Case Analysis Management accounting measures, analyzes, and reports financial and nonfinancial information to internal managers. The goal is to use past performance to predict the future. The internal reports should plainly inform managers of the financial results of actual operations. The reports should also show how activities can be changed to affect and improve what will happen in the future. Business operations are complex sets of activities, and to maximize profit considerable information, analysis, and decision making is required in advance of actual action. Decisions are needed when there are real alternatives that managers can choose from to deal with operating problems. Without high-quality information, business could not be conducted David Diamond is the owner of the Galaxy chain of four-star prestige hotels. These hotels are in Chicago, London, Los Angeles, Montreal, New York, Seattle, Tokyo, and Vancouver. Diamond is currently struggling to set weekend rates for the Vancouver hotel (the Vancouver Galaxy). From Sunday through Thursday, the Galaxy has an average occupancy rate of 90%. On Friday and Saturday nights, however, average occupancy declines to less than 30%. Galaxy's major customers are business travellers who stay mainly Sunday through Thursday. The current room rate at the Galaxy is $180 a night for single occupancy and $216 a night for double occupancy. These rates apply seven nights a week. For many years. Diamond has resisted having rates for Friday and Saturday nights that are different from those for the remainder of the week. Diamond has long believed that price reductions convey a "nonprestige" impression to his guests. The Vancouver Galaxy highly values its reputation for treating its guests as "royalty Most room costs at the Galaxy are fixed on a short-stay (per-night) basis. Diamond estimates the variable costs of servicing each room to be 24 a night per single occupancy and $26.40 a night per double occupancy Many prestige hotels in Vancouver ofter special weekend nite reductions (Friday and for Saturday) of up to 50% of their Sunday through Thursday rates. These weekend rates also include additional items such as a breakfast for two a bottle of champagne, and discounted theatre tickets Forecasting outcomes in the heart of a decision. There will almost always up between what was expected and what is actually realized because the forure cannot be predicted with accuracy. A good decision process unde pomplementation assessment and explanation of the key keerences intenspected and tal outcomes. This show managers leam from the NICOM Required: Write a report from the standpoint of Dimond and include all the following concems: 4. Would you recommend that Diamond reduce room rates at the Vancouver Galaxy on Friday and Saturday nights? What factors to protect the value proposition should be considered in his decision? (15 marks) b. In six months' time, the Grey Cup is to be held in Vancouver. Diamond observes that several four-star prestige hotels have already advertised a Friday-through- Sunday rate for Grey Cup weekend of $360 a night. Should Diamond charge extra for the Grey Cup weekend? Explain. (10 marks) Individual Case Analysis Management accounting measures, analyzes, and reports financial and nonfinancial information to internal managers. The goal is to use past performance to predict the future. The internal reports should plainly inform managers of the financial results of actual operations. The reports should also show how activities can be changed to affect and improve what will happen in the future. Business operations are complex sets of activities, and to maximize profit considerable information, analysis, and decision making is required in advance of actual action. Decisions are needed when there are real alternatives that managers can choose from to deal with operating problems. Without high-quality information, business could not be conducted David Diamond is the owner of the Galaxy chain of four-star prestige hotels. These hotels are in Chicago, London, Los Angeles, Montreal, New York, Seattle, Tokyo, and Vancouver. Diamond is currently struggling to set weekend rates for the Vancouver hotel (the Vancouver Galaxy). From Sunday through Thursday, the Galaxy has an average occupancy rate of 90%. On Friday and Saturday nights, however, average occupancy declines to less than 30%. Galaxy's major customers are business travellers who stay mainly Sunday through Thursday. The current room rate at the Galaxy is $180 a night for single occupancy and $216 a night for double occupancy. These rates apply seven nights a week. For many years. Diamond has resisted having rates for Friday and Saturday nights that are different from those for the remainder of the week. Diamond has long believed that price reductions convey a "nonprestige" impression to his guests. The Vancouver Galaxy highly values its reputation for treating its guests as "royalty Most room costs at the Galaxy are fixed on a short-stay (per-night) basis. Diamond estimates the variable costs of servicing each room to be 24 a night per single occupancy and $26.40 a night per double occupancy Many prestige hotels in Vancouver ofter special weekend nite reductions (Friday and for Saturday) of up to 50% of their Sunday through Thursday rates. These weekend rates also include additional items such as a breakfast for two a bottle of champagne, and discounted theatre tickets Forecasting outcomes in the heart of a decision. There will almost always up between what was expected and what is actually realized because the forure cannot be predicted with accuracy. A good decision process unde pomplementation assessment and explanation of the key keerences intenspected and tal outcomes. This show managers leam from the NICOM Required: Write a report from the standpoint of Dimond and include all the following concems: 4. Would you recommend that Diamond reduce room rates at the Vancouver Galaxy on Friday and Saturday nights? What factors to protect the value proposition should be considered in his decision? (15 marks) b. In six months' time, the Grey Cup is to be held in Vancouver. Diamond observes that several four-star prestige hotels have already advertised a Friday-through- Sunday rate for Grey Cup weekend of $360 a night. Should Diamond charge extra for the Grey Cup weekend? Explain. (10 marks)