Wednesday, May 15, 2013

How frequently should you replace bath towels?

Q. I'm asking in terms of years. How long should you use towels before they should be replaced? Are there specific reasons to replace towels?

A. Replace, as in throw them out and get new ones? Unless you're running a luxury hotel, just use them until they get tears or holes. How long they last depend on how often they're used, how they're used, etc. Then cut them up to use as rags.

suppose you plan a four-week educational visit to Japan during January 2010. How can you estimate the cost of?
Q. suppose you plan a four-week educational visit to Japan during January 2010. How can you estimate the cost of your stay in Japan? How do the concepts of nominal exchange rate, and real exchange rate relate to your estimates?

A. Air fare: You need $1000-1500 if you are departing from US

Hotel: Usually, you need $100 per night if you want to stay at a hotel.
If you want to save money, you need to stay at a hostel which will cost $30-50 per night.
If you want to stay at a luxury hotel, you need $200-300 or more.

Food, transportation and others: You need $50-100 or so per day. If you want to enjoy shopping, you need more.

So you need $100 for hotel and $75 for others per day. If you want to stay in Japan for 4 weeks, the total cost will be $4900 and airfare.

>How do the concepts of nominal exchange rate, and real exchange rate relate to your estimates?

You do not have to think about it.

How come the dnepropetrovsk maniacs were not covered by the media?
Q. They killed 21 people in a month and each murder was brutal. How come cnn and sky news did not cover them?

A. Because they are not Lady Gaga or Justin Bieber. They did not get stopped for drunk driving by the Beverly Hills Police and they did not trash their luxury hotel room with a porn star turned hooker. They are not missing white girls and they are not in drug rehab. There are lots of other reasons most if which have to do with who they are not.




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