Mr.Ahmed made a written contract with Mr.Hamood, on March 2 nd 2020, promising to
sell 10 computers, for a total price of 2000 (Omani Rials), by 1 st April, 2020. It is also
agreed that if computers are not supplied till 1 st April, 2020, Mr.Ahmed should pay
damages of 500(Omani Rials) to Mr.Hamood.
On 20 th March lockdown declared by government, all businesses are closed till 1 st May
2020, including selling and buying of computers. Due to which Mr.Ahmed could not able
to supply computers on promised date of 1 st April, 2020.

Can Hamood claim for damages for not supplying computers by 1 st April, 2020, on
the ground of breach of contract? (Write yes or no)

Can Ahmed take la pea of discharge of contract Explain?

Explain which type of damages are they?

Explain about specific performance of contract. Can Hamood claim for the relief of
specific performance?

Mr.Ahmed made a written contract with Mr.Hamood, on March 2^nd 2020, promising to sell 10 computers, for a total price of 2000 (Omani Rials), by 1^st April, 2020. It is also agreed that if computers are not supplied till 1^st April, 2020, Mr.Ahmed should pay damages of 500(Omani Rials) to Mr.Hamood.

On 20^th March lockdown declared by government, all businesses are closed till 1^st May 2020, including selling and buying of computers. Due to which Mr.Ahmed could not able to supply computers on promised date of 1^st April, 2020.

1. Can Hamood claim for damages for not supplying computers by 1^st April, 2020, on the ground of breach of contract? (Write yes or no)                                                         

2. Can Ahmed take a plea of discharge of contract. Explain.                      

3. Explain which type of damages are they?                                                  

4. Explain about specific performance of contract. Can Hamood claim for the relief of specific performance?                                                                                                       (2+2=4 Marks)

Complete the journal entries as necessary for both Part 1 and Part 2.

Part 1. Transaction

1. On January 1st of 2020, Casey bought 10% of Apple 100,000 shares of outstanding common stock at $20 a share.

2. On December 31, 2020 Apple reported $40,000 of net income and paid $20,000 of dividends.

3. On December 31, 2020, the market price of stock was $ 25 a share. Assume there was a zero balance in the fair value adjustment account.

Part 2. Complete the journal entries as required: Transaction

4. On January 1st of 2020, Casey bought 30% of Apple 100,000 shares of outstanding common stock at $20 a share and has significant influence.

5. On December 31, 2020 Apple reported $40,000 of net income and paid $20,000 of dividends.

6. On December 31, 2020, the market price of stock was $ 25 a share. Assume there was a zero balance in the fair value adjustment account before this transaction.

C programming:

Assume you have the following spreadsheet as example.csv. This .csv file can have more than 1000 lines of data.

Read the spreadsheet which is example.csv file in your new c program and then sort the above data by latitude in ascending order. Use bubble or insertion sort and time it. Please do not hard code anything, especially do not hard code .csv file.

The CEO of Asempa farms limited is considering whether to plant this year’s yam with a fertilizer
or go organic (i.e. without fertilizer). In case of using a fertilizer, 10kg of either the Platinum or
Standard type fertilizer would be needed at the start of the planting year. The Platinum type is
GH¢1000 per kilogram and could lead to a high yield of 30 tons or a moderate yield of 20 tons of
yam at the end of the year. The Standard type is GH¢800 per kilogram and could also lead to a high yield of 15 tons or a moderate yield of 10 tons of yam at the end of the year. The Standard
has fewer chemicals and would lead to tastier yam that sells for a higher price than that of Platinum.
There is a probability of 0.7 that high yield would be recorded at the end of the year.
Market price for yam is uncertain and depends on the type as well as the volume of yam on the
market. Generally, a year of high yield results in higher volume whiles a year of moderate yield
leads to moderate volume of yam on the market. Even then, there is 60-40 chance that yam from
the Platinum fertilizer could sell for GH¢2000 or GH¢2400 per ton in times of high yield, and
GH¢3000 or GH¢3500 per ton in times of moderate yield. The Standard fertilizer yam has a 40-
60 chance of selling for GH¢4000 or GH¢5000 per ton in times of high yield, and GH¢5500 or
GH¢6000 in times of moderate yield.
Organic yam would take 2 years to harvest and would require the supply of manure that can be
borrowed from a local shop at a total cost of GH¢8,500 at the end of year 2. This could lead to a
high yield of 8 tons or a moderate yield of 6 tons at the end of year 2. Prices for organic yam are
quite high and will sell for GH¢9,000 per ton in a high yield season and GH¢11,000 in moderate
yield season. Assume interest rate of 10% per year and answer the following questions.
a. Draw a decision tree for the problem faced by the CEO indicating the probabilities of occurrence
and monetary values of events.
b. Advice the CEO of Asempa farms on which decision to take if he wants to make his decision
based on expected monetary value technique. Show your calculations.
c. Will your advice change if the total cost of manure at the end of year 2 is GH¢6000? Show your
calculations.
d. What would be Asempa farms payoff if there happens to be a moderate yield, and price of yam
is GH¢6000 per ton?
e. If the CEO of Asempa farms is risk averse, which decision do you think the CEO should opt for? Explain

The CEO of Asempa farms limited is considering whether to plant this year’s yam with a fertilizer
or go organic (i.e. without fertilizer). In case of using a fertilizer, 10kg of either the Platinum or
Standard type fertilizer would be needed at the start of the planting year. The Platinum type is
GH¢1000 per kilogram and could lead to a high yield of 30 tons or a moderate yield of 20 tons of yam at the end of the year. The Standard type is GH¢800 per kilogram and could also lead to ahigh yield of 15 tons or a moderate yield of 10 tons of yam at the end of the year. The Standard
has fewer chemicals and would lead to tastier yam that sells for a higher price than that of Platinum.
There is a probability of 0.7 that high yield would be recorded at the end of the year.
Market price for yam is uncertain and depends on the type as well as the volume of yam on the
market. Generally, a year of high yield results in higher volume whiles a year of moderate yield
leads to moderate volume of yam on the market. Even then, there is 60-40 chance that yam from
the Platinum fertilizer could sell for GH¢2000 or GH¢2400 per ton in times of high yield, and
GH¢3000 or GH¢3500 per ton in times of moderate yield. The Standard fertilizer yam has a 40-60 chance of selling for GH¢4000 or GH¢5000 per ton in times of high yield, and GH¢5500 or GH¢6000 in times of moderate yield.
Organic yam would take 2 years to harvest and would require the supply of manure that can be
borrowed from a local shop at a total cost of GH¢8,500 at the end of year 2. This could lead to a high yield of 8 tons or a moderate yield of 6 tons at the end of year 2. Prices for organic yam are quite high and will sell for GH¢9,000 per ton in a high yield season and GH¢11,000 in moderate yield season. Assume interest rate of 10% per year and answer the following questions.
a. Draw a decision tree for the problem faced by the CEO indicating the probabilities of occurrence
and monetary values of events.
b. Advice the CEO of Asempa farms on which decision to take if he wants to make his decision
based on expected monetary value technique. Show your calculations.
c. Will your advice change if the total cost of manure at the end of year 2 is GH¢6000? Show your calculations.
d. What would be Asempa farms payoff if there happens to be a moderate yield, and price of yam is GH¢6000 per ton?
e. If the CEO of Asempa farms is risk averse, which decision do you think the CEO should opt for? Explain

A monopoly sells its good in the U.S. and Japanese markets. The American inverse demand function is PA =60−QA, and the Japanese inverse demand function is PJ =80−2QJ, where both prices, PA and PJ, are measured in dollars. The firm’s total cost of production is TC=5+16Q in both countries. Assume that the firm can prevent resale in other countries.

What price will it charge in the U.S.? ________

What is the optimal quantity in the U.S.? ________

What is the total cost producing the optimal quantity in the U.S.? ________

What is the maximum profit for the good in the U.S.? ________

What price will it charge in the Japanese markets? ________

What is the optimal quantity in the Japanese markets? ________

What is the total cost producing the optimal quantity in the Japanese markets? ________

What is the maximum profit for the good in the Japanese markets? ________

Now, resale is allowed in both markets. What is the optimal price in both markets (round to the nearest whole number? ________ What is the optimal quantity in both markets? ________

You are hired as part of a policy review team for the Council of Economic Advisers. Elected leaders whom the Council report to have put their highest priority on increasing U.S. GPD, but also don’t want a worse trade balance. The team leader designates you to develop a theoretically-based policy package that will improve U.S. GDP without worsening the trade balance. The U.S. is a large advanced economy with freely floating exchange rates.

a.) What combination of fiscal and/or monetary policy would you recommend to the Council? Your response should discuss both fiscal and monetary policy, even if your recommendation advises against using one or the other. You will be using and referring to the AS/AD model in constructing your recommendation.

b.) What would be the impact of the policy package that you recommend in (a) on the U.S.’s external trading partners including their GDP, their price level, and their trade balance (i.e., the transmission effect)? IMPACT ON *OTHER* COUNTRIES, NOT THE U.S.!