Week Eight EOC; Question Four

Answers: 

a.   The total revnue for October 2009 was $545,000 and the total revenue for October 2010 was $583,000. Revenue is important because "ecommend special room restrictions (for example, minimum length of stay requirements) that serve to optimize the total revenue generated by the hotel during a specific time period (Dopson 289)".

b.  The GOP in dollars for October 2009 was $162,000 and the GOP for October 2010 was $184,550. "Gross operating profit (GOP) is, in effect, total hotel revenue less those expenses that are considered directly controllable by management (Dopson 296)."

c.   The percentage of GOP to total revnues in October 2009 was 29.72% and in October 2010 was 31.65%.

d.  The flow-through being achieved by Santi's hotel is 59.34%. This is higher than 50% so there are profits being made. "Flow-through is a measure of the ability of a hotel to convert increased revenue dollars to increased gross operating profit dollars (Dopson 296)".

Dopson, Lea R. Managerial Accounting for the Hospitality Industry. Wiley, 09/2008. VitalSource Bookshelf Online.

Week Seven EOC; Trump and Small Business

Donald J. Trump having won the 2016 election will have a large impact on not only business as a whole, but small businesses. Since having won the current election, several small business owners have been backing him up. In fact, some of the utmost generous donors to the Trump campaign were the small business owners. Trump is expected to start modifying President Barack Obama's health care, or Obamacare and is also going to undo some enviornmental regulations leaving small business owners incredibly positive about his win. One of the most important aspects that will be changing for the better, in small business owners eyes, is the tax changes."Business groups want to see benefits as well for sole proprietors, Roseberg and corporate shareholders whose business income is reported on their personal returns."(sdasd). Trump has been heavily advocating to lower the income tax by 15 percent on all companies. Right now these companies are being taxed at rates as high as 40 percent. This tax law will not be changed without Congress' approval, but with the new republican lead Congress this is looking like it may happen. Trade is also going to change and trump has been planning to renegotiate the North American Free Agreement trade which is currently governing the trade among the United States, Canada and Mexico. "He also wants the U.S. to withdraw from the Trans-Pacific Partnership, which is awaiting approval from Congress. But he may face opposition from small-business groups" (Roseberg). Lastly, the minimum wage will be increasing which has be said to be hurtful towards small business companies but some have also said will help increase competition. "The approval of minimum wage increases in Arizona, Colorado, Maine and the state of Washington will likely add momentum to campaigns in other parts of the country" (Roseberg). 

Joyce M. Rosenberg | Associated Press. "Small Business Generally Upbeat about Trump Agenda." Albuquerque Journal. N.p., n.d. Web. 16 Nov. 2016.

Week Six EOC; Weed in the Workplace

"Ten years ago, if an employee or intern came to work after spending time smoking marijuana, the employer had a simple solution: termination" (Nace). With the legalization of marijuana it is becoming significantly harder for businesses to control the use of it within the workplace. The first problem that can be run into is whether or not a drug test should be conducted since it is now legal."Generally, an employer is permitted to conduct preemployment, random, or reasonable suspicion drug testing provided it has an effective drug and alcohol policy" (Nace). This is causing further problems being that in areas where marijuana has been legalized it is becoming hard to find employees. I personally do not find drug testings prior to being hired necessary, although I do think that random drug tests throughout a employees employment has the potential to be beneficial to the company. If there is suspicion or an employee is suspected to be under the influence while working, they should be subjected to a drug test. Although marijuana is now legal, that should not make the drug permissable to use in a work enviornment. Any type of work whether being retail or the service industry, while being under the influence, could especially hinder a work performance."Showing up to the workplace and claiming that "it's legal" is generally not going to constitute a defense to a positive test" (Nace). Saying that marijuana is legal is not a valid argument to showing up to work high due to the fact that alcohol is also legal but you are not allowed to show up drunk.


http://www.naceweb.org/j022016/marijuana-drugs-in-the-workplace.aspx