An extremely thin sheet of glass is being inspected at the factory. Illuminated by white light at near-normal incidence, the film-like sheet is 0.402 µm thick and has air on both sides. If the glass has a refractive index of 1.52, what wavelength of visible light (in nm) does it reflect most strongly? (The wavelengths of visible light range from 400 to 700 nm.)

1. Which of the following situations may result in the discharge of a contact?

a. Performance b. Partial Performance, if agreeable to both parties c. Mutual Agreement of both parties d. Cancellation or Termination of the contract e. All of the above

2. A Deed of Trust transfers title from the trustor to a trustee, who holds it on behalf of a beneficiary. In this situation, the beneficiary is:

a. the borrower b. the seller c. the lender d. the lender’s proxy or representative e. the insurer

3. The true cost of home ownership includes all of the following EXCEPT:

a. the property taxes b. the payment of principal and interest c. the cost of property insurance d. the cost to install a swimming pool after purchase e. the cost of utilities

4. One tool that the Federal Reserve System (the Fed) uses to regulate the flow of money and interest rates in the marketplace is by controlling the rate charged for loans it makes to its member banks. This rate is called the:

a. Prime Rate b. Discount Rate c. Libor Rate d. Principal Rate e. Index Rate

5. The Real Estate Settlement Procedures Act (RESPA) regulations apply to a first-lien residential mortgage loan. The regulations do not apply to which of the following?

a. A Condominium purchase b. Loans for Business or Agricultural purposes c. Loans for large properties (typically more than 25 acres) d. Construction loans or other temporary financing e. b, c and d

11.

Craft Pro Machining produces machine tools for the construction industry. The following details about overhead costs were taken from its company records.

Additional information on the drivers for its production activities follows.

Required:
5. If the company uses a plantwide overhead rate based on direct labor hours, what is the overhead cost for each unit of Job 3175? Of Job 4286? (Do not round intermediate calculations. Round "OH Cost per unit" answers to 2 decimal places.)

The following activity happened during the current year for Think Big Coprporation:
a) January 1 purchased land with a usable office building thereon for cash of $200,000. Tax assessment values: Land $20,000; building $60,000

b) January 1 purchased land for future building site for a cash cost of $40,000; an old building on this site, appraised at $2,000 at the date of purchase, is to be torn down immediately.

c)Net cash cost of demolishing the old building in (b) above amounted to $2,000.
D) Cash cost of excavation for basement of the new building (b above) was $6,000.

E) Lawyers' fees paid in connection with purchase of real estate in (b) $900.

F)Taxes paid on land purchased in (b) assessed before completion of building, $300.

g)Factory superintendent's salary for the year was $24,000. During the year, the superintendent spent the first six months supervising construction of the new building; the next three months supervising installation of productive machinery in the new building, and the last three months supervising operations in the new building.

h)Cost of grading and paying parking space and walks behind new building, $9,500.

i) Brick work amounting to $900 was performed on the building's exterior. This amount is deemed material and the work is expected to last for 20 years.

Required
Prepare the journal entries for each activity.

Please prepare a PowerPoint presentation of the following case.

During the late 1980s, the decline in Akron’s tire industry, inflation, and changes in governmental priorities almost resulted in the permanent closing of the Akron Children’s Zoo. Lagging attendance and a low level of memberships did not help matters. Faced with uncertain prospects of continuing, the city of Akron opted out of the zoo business. In response, the Akron Zoological Park was organized as a corporation to contract with the city to operate the zoo.

The Akron Zoological Park is an independent organization that manages the Akron Children’s Zoo for the city. To be successful, the Zoo must maintain its image as a high-quality place for its visitors to spend their time. Its animal exhibits are clean and neat. The animals, birds, and reptiles are carefully looked after. As resources become available for construction and continuing operations, the Zoo keeps adding new exhibits and activities. Efforts seem to be working, because attendance increased from 53,353 in 1989 to an all-time record of 133,762 in 1994.

Due to its northern climate, the Zoo conducts its open season from mid-April until mid-October. It reopens for one week at Halloween and for the month of December. Zoo attendance depends largely on the weather. For example, attendance was down during the month of December 1995, which established many local records for the coldest temperatures and the most snow. Variations in weather also affect crop yields and prices for fresh animal foods, thereby influencing the costs of animal maintenance.

In normal circumstances, the zoo may be able to achieve its target goal and attract an annual attendance equal to 40% of its community. Akron has not grown appreciably during the past decade. But the Zoo became known as an innovative community resource, and as indicated in the table, annual paid attendance has doubled. Approximately 35% of all visitors are adults. Children account for one-half of the paid attendance. Group admissions remain a constant 15% of zoo attendance.

The Zoo does not have an advertising budget. To gain exposure in its market, the Zoo depends on public service announcements, its public television series, and local press coverage of its activities and social happenings. Many of these activities are but a few years old. They are a strong reason that annual zoo attendance has increased. Although the Zoo is a nonprofit organization, it must ensure that its sources of income equal or exceed its operating and physical plant costs. Its continued existence remains totally dependent on its ability to generate revenues and to reduce its expenses.

Source: Professor F. Bruce Simmons III, University of Akron.

Questions

1. The president of the Akron Zoo asked you to calculate the expected gate admittance figures and revenues for both 1999 and 2000. Would simple linear regression analysis be the appropriate forecasting technique?
2. What factors other than admission price influence annual attendance and should be considered in the forecast?

4. Using the popular Utility function U=E(r) - 0.5*A*Variance(r), what is the utility for an investor with risk-aversion index of 3, whose portfolio has an expected return of 7% and a standard deviation of 16%?

Report 2 decimals in your answer

6. South Park Company's stock has an expected Return of 6.56% while Quahog Company's stock has an expected return of 3.8%. What % of my wealth should I invest in Quahog Company's stock to have an expected return of 10.86%? Report you answer as a % with 2 decimals. If your answer is 3.56%, just enter/type "3.56"

5. When consumer demand for hotel rooms increases, the average selling prices for those rooms typically increase as well. In the foodservice business that has not historically been the case. Fluctuations in consumer demand (e.g., volume differences between high demand Saturday nights and lower­volume Sunday nights) in restaurants do not typically result in menu price changes. Given that both hotels and restaurants are part of the hospitality industry, how do you account for these fundamental differences in approach toward strategic pricing? As a customer, which approach do you believe sends you the better value message? Explain your position.

Tesco plc wants to expand but foresees little exponential growth in its current retail activities. The company has, therefore, decided to utilise their ability to raise funds and their cash generation ability to organically expand into the hotel industry. Tesco feels that the market is open to a new participant and that companies such as Intercontinental Hotels Group plc are not ready for a vibrant new competitor. Tesco could expand by undertaking ‘organic’ growth orcould undertake the indicated growth by acquisition. You are required to provide a critical analysis of the relative benefits of the two types of growth (i.e. ‘organic’ and acquisition) from Tesco’s point of view, with regard to the proposed expansion.

A 25.25 kg child is riding a playground merry-go-round that is rotating at 35.5 rev/min.

(A) What net force is acting on her if she is standing on the merry-go-round 1.4 m from its center in newtons? The net force in this situation is sometimes called "centripetal force".

(B) What net force (in N) is acting on her if she is standing on an amusement park merry-go-round that rotates at 3.2 rpm and she is 7.6 m from its center?

(C) How many times her weight is the force in part (a)?

(D) How many times her weight is the force in part (b)?

Edgewater Motels, Inc v Gatzke and Walgreen Company: Gatzke worked as a district manager for Walgreens. He was staying at the Edgewater Motel while he was working in Minnesota “on call 24 hours a day" for Walgreens. A fire occurred in his hotel room from a lit cigarette he dropped into the waste paper basket. The fire caused massive damage and Edgewater sued both Gatzke and Walgreens. Both were found liable for the damages.

Why do you think Walgreens would be responsible for the action of Gatzke. Was he still working when the fire took place? Can you make an argument that Walgreens is not liable?