One is able to use Gin (G) and Vermouth (V) to produce martini. A regular martini is produced with 2 portions Gin for 1 portion Vermouth. A dry martini is produced with 5 portions Gin and 1 portion Vermouth. The prices of a regular martini (PM) and a dry martini (PD) are fixed. You have a given supply to both Gin (G) and Vermouth (V). what are the prices of Gin and Vermouth, i.e. WG and WV? You can think of these prices as analogs of the wages for labor and rental rate for capital. Hint WG and WV should be expressed as equations written in terms of PM and PD. Using the previous part, answer the following question: Suppose that the price of dry gin PD increases. Does this increase change wg and wv? If you did not solve the previous part of the problem, explain intuitively what should happen to wg and w. You observe that knowing PM and PD, you can solve for WG and WV in a system of two equations. Which theorem is this result the punchline of? Explain the intuition of this theorem in the broader context if international trade. Derive the production possibility frontier of martini, with QM, the quantity of regular martini on the y-axis and QD, the quantity of regular martini on the x-axis. e) For what range of prices you only produce/sell dry martini?

a) Draw the relative supply curve using the relevant axes. Label your plot as thoroughly as possible.

v

1. The statement of financial position on December 31, 2011, and 2012 for Majan Manufacturing Company includes the liabilities listed below:   

2011

1. On September 15^th, 2011, Majan company purchased Inventory from a supplier on credit for $250,000.

2. On October 1^st, 2011, Majan borrowed 12 million cash and issued nine months, 12% promissory note. Interest was payable at maturity.

3. On November 1, 2011, Majan rented a portion of its factory to a tenant for $15,000 per year, payable in advance. The payment for the 12 months ended October 31, 2012, was received as required and was credited to rent revenue.     

4. During December, received $6,500 of refundable deposits relating to containers used to transport equipment parts.

5. During December, credit sales totaled $30,000. The state sales tax rate is 7%. (This is a summary journal entry for many individual sales transactions for the period.)   

6. On December 31^st, 2011, Majan received part of the storage containers covered by refundable deposits which worth $3,200. The remaining are expected to be received after two years.

7. Recorded the adjusting entry for accrued interest at the end of December 2011.

              2012  

8. Mortgage note of $1,200,000 is due on March 1^st, 2012. Interest at 9% has been paid up to December 31^st. Majan intended on December 31, 2011, to refinance the note on its due date with new 8 years mortgage note to the same noteholders. On March 1^st, Majan paid $300,000 in cash on the principle balance and refinanced the remaining.

Required: [ 11 Marks]

1. Prepare the appropriate journal entries for the transactions above related to 2011.

Prepare the current and long-term liability sections of December 31, 2011, statement of financial position.

1. The statement of financial position on December 31, 2011, and 2012 for Majan Manufacturing Company includes the liabilities listed below:   

2011

1. On September 15^th, 2011, Majan company purchased Inventory from a supplier on credit for $250,000.

2. On October 1^st, 2011, Majan borrowed 12 million cash and issued nine months, 12% promissory note. Interest was payable at maturity.

3. On November 1, 2011, Majan rented a portion of its factory to a tenant for $15,000 per year, payable in advance. The payment for the 12 months ended October 31, 2012, was received as required and was credited to rent revenue.     

4. During December, received $6,500 of refundable deposits relating to containers used to transport equipment parts.

5. During December, credit sales totaled $30,000. The state sales tax rate is 7%. (This is a summary journal entry for many individual sales transactions for the period.)   

6. On December 31^st, 2011, Majan received part of the storage containers covered by refundable deposits which worth $3,200. The remaining are expected to be received after two years.

7. Recorded the adjusting entry for accrued interest at the end of December 2011.

              2012  

8. Mortgage note of $1,200,000 is due on March 1^st, 2012. Interest at 9% has been paid up to December 31^st. Majan intended on December 31, 2011, to refinance the note on its due date with new 8 years mortgage note to the same noteholders. On March 1^st, Majan paid $300,000 in cash on the principle balance and refinanced the remaining.

Required: [ 11 Marks]

1. Prepare the appropriate journal entries for the transactions above related to 2011.

Prepare the current and long-term liability sections of December 31, 2011, statement of financial position. (3 marks

Arsenaux v. Arsenaux

Plaintiff wife sued for a separation from her husband on the grounds of abandonment. Alleging freedom from fault, she sought alimony, and additionally sought custody of a minor child and child support. The husband reconvened seeking a divorce on the grounds of adultery. In order to establish his claim, the husband sought to prove that his wife had become pregnant some two years following his vasectomy and had thereafter obtained an abortion. His effort was frustrated by the wife's successful assertion in the trial court that the medical records of her alleged abortion fell within the health care provider privilege for civil cases and her constitutional right to privacy.

The husband successfully appealed from the trial court's judgment in favor of the wife.' The Louisiana Supreme Court, in a four to three decision, reversed and held that the medical record in question is a communication under the explicit wording of the health care provider statute and, as such, should not be admitted. The court determined that the case did not fall within any of the statutory exceptions to the privilege. The court also based its decision upon a consideration of the wife's constitutional right to privacy.' The three dissenters argued that the wife had waived her privilege to have the evidence excluded by alleging freedom from fault.

Competency to Stand Trial

M’naghten Rule

HIPAA

Involuntary Commitment

Privilege communication

Tarasoff Rule

Discuss the approach described in HKFRS 13 ‘Fair Value Measurement’ to measure the non- financial asset.

V. Rahr and Sons is a Fort Worth brewery founded by Fritz Rahr, a Neeley undergraduate and MBA. Currently the company makes Rahr Blonde Lager, Rahr’s Red, and Ugly Pug brews. They are considering a new beer, Frog Princess, with which to celebrate their ties to TCU. The project includes an initial outlay of $750,000 for the purchase of capital equipment that will be depreciated straight line to zero over six years.

Sales are expected to be $400,000 in years 1-3 and $600,000 in years 4-6. Production costs during years 1-6 are as follows: fixed costs (not including depreciation) are expected to be $150,000 per year; variable costs per year will be 40% of sales. The project will require an initial investment in NWC of 200,000 in year 0.

Beyond year six, the company expects that sales and unlevered net income in year seven will be 4% higher than that in year 6, and will continue growing at 4% per year infinitely. Additionally, in year 7 and beyond, new capital expenditures net of depreciation, and increases in NWC, combined, will be 6% of sales. Assume the marginal tax rate is 21%. The appropriate discount rate is 8%.

What is the NPV of the project? What is the IRR? Should the project be undertaken?

I've asked this question three times now and gotten three different answers so I want to see if this will confirm the right one. Thanks

14 ) In U.S. Term Limits v Thornton, the Supreme Court ruled that the age, residency, and citizenship requirements set forth in the Constitution were a complete statement of Congressional eligibility standards and that the only way to add any eligibility requirements would be through a constitutional amendment. True or False

15) Each state is given a number of Electoral College votes equal to its combined number of seats in the U.S. House of Representatives and the Senate. True or False

17) In Clinton v. City of New York, the Supreme Court ruled that: a) the line item veto granted to President Clinton was constitutional b) that the line item veto granted to Bill Clinton was unconstitutional, but that changes in the wording of the granting legislation could grant him this power c) that the line item veto granted to Bill Clinton was unconstitutional and the only way to grant him this power would be through a constitutional amendment d) that the line item veto could only be utilized by the President with a supporting resolution from Congress

18) Stewardship theory supports a limited view of presidential power and holds that the president can exercise no power which cannot be fairly and reasonably traced to some specific grant of power in the Federal Constitution or in an act of Congress. True or False  

Suppose the Fed reduces the money supply by 5 percent. Assume the velocity of money (V) is constant.

a. What happens to the aggregate demand (AD) curve?

The AD curve shifts

b. What happens to output and the price level in the short run and long run? Give precise numerical answers.

In the short run, the price level decreases by

c. In the short run, output decreases by

d. In the long run, output will ultimately decrease by

e. In the long run, the price level will decrease by

f. Consider your answers to the above questions. What happens to unemployment in the short run and in the long run, according to Okun’s law? Again, give a precise numerical answer.

In the short run, unemployment increases by

g. In the long run, unemployment increases by

Write a program in "RISC-V" assembly to convert an ASCII string containing a positive or negative integer decimal string to an integer. ‘+’ and ‘-’ will appear optionally. And once they appear, they will only appear once in the first byte. If a non-digit character appears in the string, your program should stop and return -1.

4. A car of mass m is traveling with constant speed v around a circular banked road of radius R, see the

side view and the free-body diagram.
a) Apply Newton’s 2nd law to the car, i.e. write equations for the centripetal, angular, and vertical components of the net force.
b) Determine the angle θ at which the road should be banked so that no static friction is required to drive the car.
Now, include the static friction force FS in the free-body diagram and Newton’s equations.
c) Find the maximum speed vmax at which the car can travel around without slipping. Assume the coefficient of maximum static friction is μs.
In the end, find the expressions for the contact force with which the ground is acting on the car, i.e.:
d) The magnitude of the normal force FN and
e) The magnitude of the static friction FS, in terms of the given quantities m, v, R, g, and θ.