Business law:

Eminent domain is the constitutional principle that the government can take private property from an owner for a public purpose with fair compensation. Examples would be to build an airport, a park, or a highway. One controversial Supreme Court case allowed a city government to transfer ownership from one set of owners to a private corporation for a new headquarters building. The city said it was for "urban renewal" and would bring in more money for the city. Share your thoughts about whether this is a fair public use or if that transfer or ownership should not have been allowed.

1. The owner of a hotel borrowed $13 000 at 7.8% compounded semi-annually and agreed to repay the loan by making payments of $750 at the end of every 4 months.
   1. How much payments will be needed to repay the loan?
   2. How much will be owed at the end of 5 years?
   3. By the end of 5 years of payments, what is the total interest payed?

2. A contract valued at $28 000 requires payments of $6500 every 6 months. The first payment is due in 5 years and interest is 12% compounded semi-annually.
   1. How many payments are required?
   2. What is the size of the last payment?

A survey found that​ women's heights are normally distributed with mean

63.5

in. and standard deviation

3.1

in. The survey also found that​ men's heights are normally distributed with mean

68.5

in. and standard deviation

3.4

in. Most of the live characters employed at an amusement park have height requirements of a minimum of

55

in. and a maximum of

64

in. Complete parts​ (a) and​ (b) below.

A) The percentage of men who meet the height requirements is?

B) If the height requirements are changed to exclude only  the tallest 50% of men and the shortest 5% of men what are the new height requirements?

MIN & MAX

Develop a simple MIS (Management Information System) that consists of a simple database (a text file). The system manages to dynamically input record/data into the database. The data from the database can be sorted, searched and updated. User also should be able to add new records/data, remove any data and etc.
Here are some ideas of MIS that can be developed:
1. Hotel reservation system.
2. Students management system.
3. Payroll management system.
4. Bus/Railway/Plane ticketing system.
5. Clinic record management system.

Develop a simple MIS (Management Information System) that consists of a simple database (a text file). The system manages to dynamically input record/data into the database. The data from the database can be sorted, searched and updated. User also should be able to add new records/data, remove any data and etc.
Here are some ideas of MIS that can be developed:
1. Hotel reservation system.
2. Students management system.
3. Payroll management system.
4. Bus/Railway/Plane ticketing system.
5. Clinic record management system.

48. REVPASH was a great metric if used based on historical data to subtly turn tables, get customers to pay the check, and create upsell incentives”

T / F

49. If a hotel is missing one of the two prong tests for termination, say Revpar is 85, it is so low that an ownership group could theoretically cancel the contract with the management company because of gross mismanagement related to just RevPAR.

T / F

50.   Most employees quit their job because of salaries and benefits below the market average and not for any other reason.

T / F

Yasmin Jamieson is 18 years old and is about to graduate from an Ottawa high school. She must decide: which university will she attend in September? She wants to follow a 4-year undergraduate degree in Economics. Yasmin has been accepted to attend McMaster University in Ontario, Canada, and Stanford University, California, United States. She faces only one annual cost for the each of the four years she is in university: tuition. Annual tuition at McMaster is $15,000. At Stanford, annual tuition is $45,000. Assume that she is not considering the option of working after high school. Therefore, do not consider the foregone labour earnings when going to university. After graduation, Yasmin has a strong interest in Labour Economics and hopes to receive job offers from Capital Economics (near Hamilton, Canada) and from Insight Economics (near Stanford, USA).

She knows that these two companies offer different annual salaries depending on where one has graduated. Capital Economics will offer a McMaster graduate an annual salary of $128,000 and a Stanford graduate an annual salary of $160,000. Insight Economics will offer a McMaster graduate an annual salary of $175,000 and a Stanford graduate an annual salary of $250,000.

Let’s assume the following:

• Yasmin’s objective in her decision-making is to maximize the present value of net future income over her career (that is, income net of costs).

• She is certain to get job offers from both companies.

• Please ignore differences between these two cities in terms of income taxes, the exchange rate, the cost of living and moving costs.

• These annual salaries do not change for the duration of her expected career, from age 22 to 65. Hint: this time horizon is sufficiently long to use the present value (PV) approximation formula.

• However, the present value of annual tuition costs should be calculated using the expanded present value formula.

• The market interest rate is 5%. Which university would you recommend to Yasmin? Please show all your calculations and explain your recommendation. (20 points)

19-3 Balance Sheet Effects: Two companies, Tweedledee and Tweedledum, began operations with identical balance sheets. A year later, both required additional fixed assets at a cost of $75,000. Tweedledee obtained a 5-year, loan at 46% interest rate from its bank. Tweedledum, on the other hand, decided to lease the require $75,000 capacity for 5 years, and a 4% return was built into the lease. The balance sheet for each company, before the asset increases, follows:

Current assets   42,000                Debt                     75,000

Fixed assets        178,000               Equity                  145,000

Total assets        220,000               Total claims        220,000

a. Show the balance sheets for both firms after the asset increases, and calculate each firm's new debt ratio assuming that the lease is not capitalized.

b. Show how Tweedledum balance sheet would look immediately after the financing assuming the lease is capitalized. What would be its debt ratio?

University Car Wash built a deluxe car wash across the street from campus. The new machines cost $240,000 including installation. The company estimates that the equipment will have a residual value of $30,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows: Year Hours Used 1 2,600 2 2,100 3 2,200 4 1,800 5 1,600 6 1,700 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.) 3. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimal places and use this amount in all subsequent calculations.)