Week 8 EOC: Chapter 8 Quiz, Question 4

a. What were the total revenues in October 2009 and October 2010?

b. What was the GOP in dollars in October 2009 and October 2010?

c. What was the percentage of GOP to total revenues in October 2009 and October 2010?

d. What was the flow-through percentage achieved by Santi’s hotel? What is your assessment of that percentage?

Answers:

 

a.    The total revenues in October 2009 was 545,000 and October 2010 was 583,000. 

b.  The GOP in October 2009 was $162,000 and in October 2010 was 184,550

c.    The GOP in total revenues % in October 2009 was 29.72 and in 2010 was 31.66%

d.  The flow-through % was 59.34%. In my opinion that percentage, is slightly high which is great for the business. "Flow-through is a measure of the ability of a hotel to convert increased revenue dollars to increased gross operating profit dollars" (Dopson, Lea R. Managerial Accounting for the Hospitality Industry. Wiley, 09/2008. [The Art Institutes]). This number shows the movement of products and how well the business can generate revenue for the business. "Gross operating profit (GOP) is, in effect, total hotel revenue less those expenses that are considered directly controllable by management. Flow-through was created by managerial accountants to measure the ability of a hotel to convert increases in revenue directly to increases in GOP" (Dopson, Lea R. Managerial Accounting for the Hospitality Industry. Wiley, 09/2008. [The Art Institutes]). With the flow-through percentage it its important to remember that these numbers help the mangers with the business, this number 59.34% shows, "flow-through is computed to help managers identify the impact of increases in revenue on profitability. When it is high (over 50%), it usually reflects efficiency on the part of management in converting additional revenues into additional profits" (Dopson, Lea R. Managerial Accounting for the Hospitality Industry. Wiley, 09/2008. [The Art Institutes]).

Week 7 EOC: Trump and Small Businesses

Depending on your type of business and how well you have been doing in the market will you feel a difference when trump assumes office next year . From what I have read and heard from Trump is that he is about economics, "For each 1 percent in added GDP growth, the economy adds 1.2 million jobs. Increasing growth by 1.5 percent would result in 18 million jobs (1.5 million times 1.2 million, multiplied by 10 years) above the projected current law job figures of 7 million, producing a total of 25 million new jobs for the American economy" (Trump, Donald J. "Economy." DonaldJTrump For President. N.p., n.d. Web. 21 Nov. 2016.) Even though he stands in a good position he has publicly stated a lot of horrible things that don't line up with the issues he's pro on . This economic tax break he's always talking about is not for the poor or middle class, it's for the rich and ultra rich. Trump speaks to the people that he understands and lives life alike, he only understands his people and has no interest of others. "More concretely, Trump bragged that the plan would deliver large benefits for middle-income taxpayers and that, "by contrast, someone earning $5 million will receive virtually no change in their tax bill at all." (Https://www.facebook.com/jimtank. "Donald Trump’s Tax Plan Now Favors the Ultra-rich Even More." Washington Post. N.p., 19 Sept. 1970. Web. 21 Nov. 2016.) From a personal stand point I consider myself below middle class but not poor, I have aspirations to make money from my fashion skills and knowledge. When Obama was president I felt like I could do anything because the president has my best interest, but now that trump is in office I feel as if I have to watch my back extra close because I'm not sure what my president will do to my future. “Laziness is a trait in blacks.” “Black guys counting my money! I hate it. The only kind of people I want counting my money are short guys that wear yarmulkes every day.” (Blay, Zeba. "12 Reasons Donald Trump Would Not Be Great For 'The Blacks'" The Huffington Post. N.p., 11 Mar. 2016. Web.). I think love, peace and unity are the things we need our leader to instill in the people of this nation, we the blacks are giving trump a chance we just hope he does the same for us.  

Week 6 EOC: Pot in the Work Place

There are a lot of different stereotypes about people who smoke marijuana. When it comes to a working environment people that use marijuana are looked down upon and most times get denied for employment. For a person that partakes in using marijuana recreationally or medically and has all of the correct documentation to legally use the flower will still be denied employment because of a drug test, even if it is decriminalized in their state. "Twenty-three states and the District of Columbia have decriminalized medical marijuana. These laws vary greatly in their criteria and implementation. In addition, some states, including Arizona, Connecticut, Delaware, Illinois, Maine, Minnesota, Nevada and New York, require accommodations for registered medical marijuana users. In those states, an employer cannot take an adverse action against an employee simply because of his or her participation in a recognized medical marijuana program" (Marijuana in the Workplace: A Hazy Issue for Employers. SHRM. N.p., 18 Sept. 2015. Web. 14 Nov. 2016). From my perspective I think I break all stereotypes of marijuana users in the workplace because of the way I look and I can pass a drug test. As a user you have to understand that the workplace does not care about your habit because you still have a take and pass a drug test. I myself understand this which is why I can stop smoking for however long and cleanse my body so I can pass a drug test because I do want the job. Other people don't care as much and fight for their rights as a medical marijuana patient.  

"For instance, if an employee tests positive for marijuana, the employer should ask the worker to verify that he or she is a participant in a recognized medical marijuana program. Then the employer conducts a further evaluation of the employment situation"(Marijuana in the Workplace: A Hazy Issue for Employers. SHRM. N.p., 18 Sept. 2015. Web. 14 Nov. 2016). Of course I am not saying you should under the influence of marijuana at work or even use it if you operate heavy machinery, but employers should look at the functions of the job and make sure the employee has the correct documentation to use when they are off the clock.  "It goes without saying that working under the influence of marijuana—or any intoxicant for that matter—is to be discouraged. But marijuana is known to stay in one’s system after its psychoactive effects wear off. Therefore, whether employers are able to penalize employees for engaging in state-sanctioned marijuana use, despite no indication of impaired work performance, is a difficult question to answer.  As with most marijuana-related issues, this is a state-by-state determination" (High Stakes: Marijuana in the Workplace - California Lawyer. California Lawyer. N.p., 28 July 2016. Web. 14 Nov. 2016).