It is February 1, 2020 and you have been contacted by the owners of a proposed new restaurant in Columbus. This restaurant will be located on a piece of land near the Bradley Park area. The restaurant will emphasize fresh Mediterranean cuisine. The restaurant is the idea of two individuals that formerly worked for the Red Lobster’s Restaurant chain. The grand opening will be on April 2, 2020. The restaurant owners are aware of your expertise in small business and have asked you to develop an advertising plan for them.   They have agreed to pay you

$ 3,500 for this project, plus your reasonable business expenses.

            Using a budget accompanied by a narrative description, develop an advertising plan in outline form to present to the owners of the business. The owners are limited to only $ 8,000 for promotion and advertising until the company starts operations. From that point, the business will have to generate additional money for advertising from new sales. Please ensure that they know how their money will be used and why you believe your plan will attract customers.

The following information is to be used to determine your expenses:

Daily Newspapers: $600 for a quarter page ad on Sunday (20% of residents read the Ledger~Enquirer).

Television: Local affiliates will sell 30 second spots during the news for $ 10,000 per advertisement. Local cable companies will sell 30 second spots for $ 200.00 on ESPN.

Radio: A Rate Card for radio advertisements is not available for your analysis. For planning purposes, you can use the following rates:

Morning drive time (M - F; 6:00 - 10:00 am): $ 60 per day or five days for $ 180.00.

Evening drive time (M - F; 4:00 - 7:00 pm): $ 50 per day or five days for $ 130.00.

All other times: $ 20.00 per individual spot.

Magazines: N/A - no regional magazines are feasible as they cost $ 4,500 per monthly advertisement.

Billboards: Local billboards can be secured for a monthly package deal of $1,800 for three sites on I-185 north of Columbus or a package deal for $800 for two locations on Veterans Parkway. You must buy the package deal. You cannot buy individual billboards.

Direct Mail: A letter with two enclosed pieces of paper will cost you $ 0.75 per person to mail bulk rate.

Flyers: Flyers can be printed by the local print shop for $ 0.045 per sheet.

Student Newspaper: The student newspaper sells ad space at $150.00 for a quarter page ad. It has only 3,000 readers.

Other more creative, “boot-strapping” promotional techniques can be considered in your plan, but you must explain them.

Imagine you are a pipeline company trying to sell a new project to a shipper of oil for a new refinery in Grand Forks. In order to prepare for selling this idea to shippers and hopefully win the contract, you need to calculate the average cost per unit ($/barrel) of oil to ship over this line in the first year; taking into account Capital, Operating and Energy Cost. This is a competitive proposal, so you will want to make sure your price is as low as you can make it!! The refinery is scheduled to take 300,000 barrels per day of Bakken Crude at typical temperures. Pipeline construction costs average $100,000/foot mile. A foot mile is 1 mile of 12 inch pipe. 2 miles of 16” pipe would be 2.6667 foot mile, and so on. The price includes all pipe and installation and is based on using X-42 and schedule 20 pipe. You have the option of increasing the pipe wall thickness to schedule 40 for an additional 10% and schedule 80 for 20% more than schedule 20. You also have the option of increasing the pipe strength to X60 for an additional 10% or X-72 for 20% above X-42. Each pump station will cost $2,000,000 +$2000/hp of pump. The inlet pressure of pumping stations should not fall below 400 psi. Pipeline flows entirely through class I locations except for 10 miles located in a class IV location. You have the option of bypassing the class IV location by running the pipeline an additional 50 miles. Cost of electricity to drive pumps is $.08 per kWh. (1 kW for 1 hour) Annualized Capital costs can be assumed to be an estimated by a fixed charge rate of .15 (meaning it costs 15% of the total project cost each year to cover debt and equity used to finance the construction) The fixed O&M is $0.10 per inch mile The variable O&M is $0.25 per barrel Hint: Partial credit will be awarded based on the following scale: Please note

Luke and Sarah lived in a house in Albury where they both had permanent jobs. In July 2012 they purchased a rural block of 30 acres for $160,000 with the intention of building a house and moving out of town. In September 2012 they listed their house in Albury for sale at $570,000, however given a downturn in the market the house remained unsold until March 2014 when they finally accepted an offer of $460,000. Settlement took place in April 2014 and they commenced construction on the new house in May 2014. Whilst the house was being built Luke and Sarah rented the Albury house back from the new owners at an amount of $480 per week.

In November 2014 the new house was completed at a cost of $410,000 and Luke and Sarah moved in. Additional costs incurred by them included construction of a road for $15,000, sinking a dam at a cost of $30,000 and connection of electricity at a cost of $40,000. They financed the new property with a home loan of $450,000 payable over 30 years at a rate of 4.20%.

Luke and Sarah began a horse agistment business in January 2015 to which they allocated 20 acres of their property. They constructed fencing to create smaller paddocks, built shade shelters and installed water troughs at a total cost of $80,000. To fund the cost of the improvements they took out a small business loan for $80,000 payable over 10 years at a rate of 5.30%.

In October 2019, Luke was offered a promotion in his job which required them to re-locate to Queensland. They listed the rural property for sale and in December 2019 it sold for an amount of $850,000 with settlement occurring in January 2020 at which time Luke and Sarah moved to Queensland.

Required

Advise Luke and Sarah of the taxation consequences of selling the rural property including whether any taxation exemptions or concessions may apply. You do not need to calculate the amount of any resulting capital gain or loss.

NOTE: this question require answer in ILAC ESSAY format which should include the tax law applicable as per AUSTRALIAN TAXATION LAW in various situation mentioned in question along with appropriate example of cases. no calculation required. this question is related to the Taxation Law subject

Question 1

Luke and Sarah lived in a house in Albury where they both had permanent jobs. In July 2012 they purchased a rural block of 30 acres for $160,000 with the intention of building a house and moving out of town. In September 2012 they listed their house in Albury for sale at $570,000, however given a downturn in the market the house remained unsold until March 2014 when they finally accepted an offer of $460,000. Settlement took place in April 2014 and they commenced construction on the new house in May 2014. Whilst the house was being built Luke and Sarah rented the Albury house back from the new owners at an amount of $480 per week.

In November 2014 the new house was completed at a cost of $410,000 and Luke and Sarah moved in. Additional costs incurred by them included construction of a road for $15,000, sinking a dam at a cost of $30,000 and connection of electricity at a cost of $40,000. They financed the new property with a home loan of $450,000 payable over 30 years at a rate of 4.20%.

Luke and Sarah began a horse agistment business in January 2015 to which they allocated 20 acres of their property. They constructed fencing to create smaller paddocks, built shade shelters and installed water troughs at a total cost of $80,000. To fund the cost of the improvements they took out a small business loan for $80,000 payable over 10 years at a rate of 5.30%.

In October 2019, Luke was offered a promotion in his job which required them to re-locate to Queensland. They listed the rural property for sale and in December 2019 it sold for an amount of $850,000 with settlement occurring in January 2020 at which time Luke and Sarah moved to Queensland.

Required

Advise Luke and Sarah of the taxation consequences of selling the rural property including whether any taxation exemptions or concessions may apply. You do not need to calculate the amount of any resulting capital gain or loss (Australian Tax Law)

Answer should write on ILAC style of essay writing and Names of cases or statutes should be italicised, and followed by the jurisdiction not in italics, for example: Acts Interpretation Act 1901 (Cth).  

Barbour Corporation, located in Buffalo, New York, is a retailer of high-tech products and is known for its excellent quality and innovation. Recently, the firm conducted a relevant cost analysis of one of its product lines that has only two products, T-1 and T-2. The sales for T-2 are decreasing and the purchase costs are increasing. The firm might drop T-2 and sell only T-1.

Barbour allocates fixed costs to products on the basis of sales revenue. When the president of Barbour saw the income statements (see below), he agreed that T-2 should be dropped. If T-2 is dropped, sales of T-1 are expected to increase by 10% next year, but the firm’s cost structure will remain the same.

Required:

1. Find the expected change in annual operating income by dropping T-2 and selling only T-1.

2. By what percentage would sales from T-1 have to increase in order to make up the financial loss from dropping T-2? (Enter your answer as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)

3. What is the required percentage increase in sales from T-1 to compensate for lost margin from T-2, if total fixed costs can be reduced by $54,500? (Enter your answer as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)

1.2.Required % increase in sales of T-1%3.Required % increase in sales from T-1%

40. Select one:

a. Increasing the amount of space allocated to this category, since it has a very good space productivity index.

b. Reducing the amount of space allocated to this category, since it is underperforming.

c. Firing the buyer, because 1.65 is a very poor space productivity index number.

d. Moving the product class to a more visible location within the store in hopes of improving the department’s weak performance.

e. Lowering the price of the merchandise in this department in order to boost its sales per sq. ft., which will improve its index.

51. Merchandise management is one aspect of customer service that should be carefully managed for the reasons listed EXCEPT which one?

Select one:

a. To be able to always be a leader with new product trends.

b. Manage markdowns regularly to ensure slow-sellers are moved out and inventory is fresh.

c. Make sure you have sufficient inventory in stock to sell to avoid stockouts.

d. For apparel, always make sure you have a full range of sizes for each style.

e. Maintain an assortment of products that your customer expects.

54. Consider these 3 pairs of retailers: 1. Costco & 99¢ Store; 2. Macy's and Safeway; and 3. Saks 5th Avenue & Tiffany. What 3 pricing policies have these retailers adopted, in order?

Select one:

a. Below market; market; above market

b. Economy, standard, luxury

c. Competitive, discount, skimming

d. Low ball, middle ball, high ball

e. Discount, standard, high-end

55. Percentage markup on retail price equals:    

Select one:

a. initial markup - maintained markup.    

b. (retail price – cost price) / retail price    

c. 100 percent - percentage markup on cost.    

d. markup/cost.    

e. percentage markup on retail price/(100 percent - percentage markup on selling price).

Refer to the graphs, in which the numbers in parentheses near the AD1, AD2, and AD3 labels indicate the level of investment spending associated with each curve. All figures are in billions. The economy is at point Y on the investment demand curve. Given these conditions, what policy should the Fed pursue to achieve a noninflationary, full-employment level of real GDP?

A) increase aggregate demand from AD3 to AD2.

B) decrease the money supply from $225 to $150 billion.

C) increase interest rates from 4 to 8 percent.

D) make no change in monetary policy.

Does it take more time for seeds to germinate if they are near rock music that is continuously playing compared to being near classical music? The 53 seeds that were exposed to rock music took an average of 20 days to germinate. The standard deviation was 13 days. The 45 seeds that were exposed to classical music took an average of 15 days to germinate. The standard deviation for these seeds was 7 days. What can be concluded at the α = 0.01 level of significance?

For this study, we should use

The null and alternative hypotheses would be: H 0 : (please enter a decimal) H 1 : (Please enter a decimal)

The test statistic = (please show your answer to 3 decimal places.)

The p-value = (Please show your answer to 4 decimal places.)

The p-value is α

Based on this, we should the null hypothesis.

Thus, the final conclusion is that ...

The results are statistically significant at α = 0.01, so there is sufficient evidence to conclude that the mean germination time for the 53 seeds exposed to rock music that were observed is more than the mean germination time for the 45 seeds that were exposed to classical music that were observed.

The results are statistically insignificant at α = 0.01, so there is statistically significant evidence to conclude that the population mean time for seeds exposed to rock music to germinate is equal to the population mean time for seeds exposed to classical music to germinate.

The results are statistically significant at α = 0.01, so there is sufficient evidence to conclude that the population mean time for seeds exposed to rock music to germinate is more than the population mean time for seeds exposed to classical music to germinate.

The results are statistically insignificant at α = 0.01, so there is insufficient evidence to conclude that the population mean time for seeds exposed to rock music to germinate is more than the population mean time for seeds exposed to classical music to germinate.

Interpret the p-value in the context of the study.

There is a 0.89% chance that the mean germination time for the 53 seeds exposed to rock music is at least 5 days more than the mean germination time for the 45 seeds exposed to classical music.

There is a 0.89% chance of a Type I error.

If the population mean time for seeds exposed to rock music to germinate is the same as the population mean time for seeds exposed to classical music to germinate and if another 53 seeds exposed to rock music and 45 seeds exposed to classical music are observed then there would be a 0.89% chance that the mean germination time for the 53 seeds exposed to rock music would be at least 5 days more than the mean germination time for the 45 seeds exposed to classical music.

If the sample mean germination time for the 53 seeds exposed to rock music is the same as the sample mean germination time for the 45 seeds exposed to classical music and if another 53 seeds exposed to rock music and 45 seeds exposed to classical music are observed then there would be a 0.89% chance of concluding that the mean germination time for the 53 seeds exposed to rock music is at least 5 days more than the mean germination time for the 45 seeds exposed to classical music

Interpret the level of significance in the context of the study.

If the population mean time for seeds exposed to rock music to germinate is the same as the population mean time for seeds exposed to classical music to germinate and if another 53 seeds exposed to rock music and 45 seeds exposed to classical music are observed then there would be a 1% chance that we would end up falsely concuding that the population mean time for seeds exposed to rock music to germinate is more than the population mean time for seeds exposed to classical music to germinate

There is a 1% chance that there is a difference in the population mean time for seeds exposed to rock vs. classical music to germinate.

If the population mean time for seeds exposed to rock music to germinate is the same as the population mean time for seeds exposed to classical music to germinate and if another 53 seeds exposed to rock music and 45 seeds exposed to classical music are observed, then there would be a 1% chance that we would end up falsely concuding that the sampe mean times to germinate for these 53 seeds exposed to rock music and 45 seeds exposed to classical music differ from each other.

There is a 1% chance that the seeds just don't like your taste in music, so please let someone else conduct the study.