Modern Visionary Hotel Chain has $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in six years, and have a 5 percent coupon. The annual yield to maturity is 12.6%. What is the bonds current price? (round to the nearest penny)

N:

I:

PV:

PMT:

FV:

1. Indicate on a graph of the circular flow model, the real or money flow in which the following items belong:

• You pay your tuition.
• The University of Texas buys some Dell computers.
• A student works at FedEx Kinko’s.
• Donald Trump rents a Manhattan building to a hotel.
• You pay your income tax.

A geographer and social worker are teaming up to investigate whether population density, average distance to a large grocery store, and proportion of park/playground area has an impact on community ‘wellness’. What will these researchers need to do to measure wellness? Why? Use research/statistical terms covered in this course in your explanation.

Where do you want to go? Mountains? Ocean?... What do you want to see? Landscapes? Wildlife? What do you want to do? Hiking? Biking Kayaking?.. Where do you want to sleep? In a hotel in a tent?... How long do you want to stay? A day? A week?

A        

In Re Ellenborough Park [1956] Ch 131 the English Court of Appeal outlined the essential requirements of easements.

·        Explain each of those requirements for the creation of an easement.

·        Discuss the major means by which easements may be created over Torrens title land.

·        Discuss the major means by which easements may be extinguished.

22. Name three reasons why a REIT might be used for real estate investment:

1 ________________________________

2 ________________________________

3 _________________________________

23. Enter the normal tax lives of the following assets for tax depreciation purposes:

______ Assisted living facility building.

______ Hotel building.

______ Land.

______ Industrial building.

______ Apartment complex (building portion).

How successful do you predict these recently proposed extensions will be? Why?

• Carlsberg, the beer brand, launches a male grooming line made out of beer

• Michelin (tires, mostly): car floor mats

• WWE (entertainment wrestling): theme park

• Victorinox (Swiss Army knife): camping and hiking equipment

Imagine that you are part of the marketing management team at Home Plus, a regional discount big-box retailer who competes with Wal-Mart and Target. Home Plus currently focuses on offering a broad range of discount consumer goods, from small home furnishings and clothing to packaged goods and kitchenware. In addition to the discount lines, Home Plus carries some higher end clothes, shoes, and bedding. Some members of management believe that the best way to improve the company's competitive positioning is to concentrate more of its energies on the higher-end product lines. They have proposed that Home Plus double the number of luxury products it carries and halve the number of discount consumer packaged goods.

In an essay, explain why you would agree or disagree with the proposed change in marketing strategy. Be sure to discuss both the proposal's advantages and its disadvantages.

James Smith had a successful auto repair business. There has been a downturn in business and he is unable to pay his creditors. James is also divorced from his wife and is paying alimony to her and child support for their two children. His possessions/assets are his home; vehicle at $5,000 Don't let in tools of his trade at $7,500; personal jewelry at $6,800: personal household furnishings valued at $10,000; an un-matured life insurance at $25,000. James also serves as the Chief Counsellor for Local Government. The amount owed to his creditors is $19,500. James wants to know how he can best resolve his issues without being left penniless. Also advise James as to what process his creditors will have to go through in order to have him declared bankrupt. (25 points)