The owner of Waco Waffle House is considering an expansion of the business. He has identified two alternatives, as follows:

• Build a new restaurant near the mall.
• Buy and renovate an old building downtown for the new restaurant.

The projected cash flows from these two alternatives are shown below. The owner of the restaurant uses a 16 percent after-tax discount rate.

* Includes after-tax cash flows from all sources, including incremental revenue, incremental expenses, and depreciation tax shield.

Use Appendix A for your reference. (Use appropriate factor(s) from the tables provided.)

Required:
1. Compute the net present value of each alternative restaurant site. (Round your final answers to the nearest dollar.

2. Compute the profitability index for each alternative. (Round your answers to 2 decimal places.)

3. How do the two sites rank in terms of NPV and the profitability index?

Write a 1–1.5 page letter to Joe Davison explaining how each of the above changes should be presented in the December 31, 2017, financial statements. CA22-6 ETHICS (Change in Estimate) Mike Crane is an audit senior of a large public accounting firm who has just been assigned to the Frost Corporation's annual audit engagement. Frost has been a client of Crane's firm for many years. Frost is a fast-growing business in the commercial construction industry. In reviewing the fixed asset ledger, Crane discovered a series of unusual accounting changes, in which the useful lives of assets, depreciated using the straight-line method, were substantially lowered near the midpoint of the original estimate. For example, the useful life of one dump truck was changed from 10 to 6 years during its fifth year of service. Upon further investigation, Mike was told by Kevin James, Frost's accounting manager, “I don't really see your problem. After all, it's perfectly legal to change an accounting estimate. Besides, our CEO likes to see big earnings!”

Instructions Answer the following questions.

(a) What are the ethical issues concerning Frost's practice of changing the useful lives of fixed assets?

(b) Who could be harmed by Frost's unusual accounting changes?

(c) What should Crane do in this situation?

The following data is representative of that reported in an article on nitrogen emissions, with x = burner area liberation rate (MBtu/hr-ft²) and y = NO_x emission rate (ppm):

(a) Assuming that the simple linear regression model is valid, obtain the least squares estimate of the true regression line. (Round all numerical values to four decimal places.)
y =

(b) What is the estimate of expected NO_x emission rate when burner area liberation rate equals 240? (Round your answer to two decimal places.)
ppm

(c) Estimate the amount by which you expect NO_x emission rate to change when burner area liberation rate is decreased by 50. (Round your answer to two decimal places.)
ppm

(d) Would you use the estimated regression line to predict emission rate for a liberation rate of 500? Why or why not?

Yes, the data is perfectly linear, thus lending to accurate predictions. Yes, this value is between two existing values.     No, this value is too far away from the known values for useful extrapolation. No, the data near this point deviates from the overall regression model.

The K+ concentration inside a nerve cell is found to be 20x higher outside the cell than inside the cell, while the Na+ concentration is 20x higher inside versus outside. A. If the membrane potential Em (Ein-Eout) is -77.6 mV, identify the ion that must be transported actively versus the ion that is near equilibrium (assuming ideal conditions). B. The NA+ -K+ -ATPase (or sodium-potassium pump), moves three sodium ions from inside to outside, and two potassium ions from outside to inside while simultaneously hydrolyzing ATP to ADP + Pi. If ATP/ADP is 40 and [Pi] is 25mM, estimate the change in potential (∆µ kJ/mol) for the sodium transport, potassium transport and ATP to ADP + Pi separately (assuming ideal conditions). C. A researcher proposes that perhaps a single ATP hydrolysis is sufficient for two rounds of Na+ /K+ exchange (i.e., move 6 Na+ atoms out and 4 K+ atoms in). Is the hydrolysis of a single ATP sufficient to account for the active transport of ions for a single cycle? For two? Assume ideal conditions & Justify your answer. D. Now imagine we are in non-ideal conditions, and the ionic strength on the inside of the cell is much higher than outside the cell. Considering only the sodium export, will this export be more or less favored when compared to the ideal scenario (Justify your answer)

The following data is representative of that reported in an article on nitrogen emissions, with x = burner area liberation rate (MBtu/hr-ft²) and y = NO_x emission rate (ppm):

(a) Assuming that the simple linear regression model is valid, obtain the least squares estimate of the true regression line. (Round all numerical values to four decimal places.)
y =____

(b) What is the estimate of expected NO_x emission rate when burner area liberation rate equals 225? (Round your answer to two decimal places.)
ppm _______

(c) Estimate the amount by which you expect NO_x emission rate to change when burner area liberation rate is decreased by 50. (Round your answer to two decimal places.)
ppm_______

(d) Would you use the estimated regression line to predict emission rate for a liberation rate of 500? Why or why not?

Yes, the data is perfectly linear, thus lending to accurate predictions.

Yes, this value is between two existing values.    

No, this value is too far away from the known values for useful extrapolation.

No, the data near this point deviates from the overall regression model.

In its user service agreement, Facebook includes a forum selection clause that requires users with legal disputes to file any lawsuits against Facebook in courts physically located near its northern California corporate headquarters. Review the discussion of this issue in your textbook (Legal Strategy 101, pp. 100-101); then, analyze the following questions:

1. Is forum shopping ethical? What are you using as your ethical standard?
2. Should courts enforce forum selection clauses in business-to-consumer contracts like the Facebook user agreement? Why or why not?
3. Suppose Facebook did not have a forum selection clause in its user agreement. Would Facebook be subject to the jurisdiction of every state court in the United States, since it has millions of users in every U.S. state?

This assignment requires that you analyze both a legal concept (forum shopping) and its application in a business contract (forum selection clause). Read the course material and the assignment carefully, and do not confuse or conflate the two.

Refer to the Assignment Instructions folder of the course for general directions and grading rubrics for Discussion Boards, including requirements for word length, scholarly sources, and integration of a Biblical worldview.

Use the words "Ethical" or "Not Ethical" in the subject line of your thread to identify your conclusion. Do not use attachments, as these are cumbersome and inhibit the discussion process.

Fred’s Grocery was a small grocery business located in an affluent suburb. It suffered sales declines when a large supermarket chain opened in the near neighbourhood.

Fred initially considered lowering prices and adding new items to compete. This would have meant greater expense and lower margins. However, as a result of a family discussion about the vision, intentions and image of Fred’s Grocery, Fred chose to respond in a less direct, less costly, less risky manner.

Fred and his family determined that what they wanted to do was to serve the convenience needs of local shoppers for specialty and last minute grocery items. This meant identifying the specific needs of a niche market and catering for the needs of that market. Fred was able, as a result of market research, coupled with analysis of his own business structure and strategies, to identify a range of products and pricing structures that would meet the special needs of local customers and would enable him to continue operating a successful business. They predicted that the majority of Fred’s shoppers would spend an average of $12 to $25 per visit, considerably less than at the larger supermarket, but that the store’s operating hours would exceed those of the supermarket.

Comment on how clearly identifying and crystallising Fred’s intentions that enabled Fred to develop strategic plans would help him to stay in business. (75–100 words)

Write the program in C++

The Rebel food truck has asked you to write a program for them to do both inventory and sales for their food wagon. Ben and Dave run the food truck and they already have full time day jobs so they could really use your help.

The food truck sells: hamburger, hotdogs, chilli, fries and soda. The truck has spots for 200 hamburger patties, 200 hot dogs, 75 hamburger buns, 75 hot dog buns, 500 ounces of chili, 75 fry baskets and 200 cans of soda.

Items sells for: Hamburger - $5, Hotdogs - $5, Chili (12 oz.) - $4, Fries (basket) - $7, Chili on burger, dog or fries (4 oz) - $2, Soda - $2. There is 5% tax in the area.

Create a menu driven program that they can run at the top of the night, put in current inventory and then sell items allowing them to enter sales for a customer on a repeating basis and get a result to charge them. Also take the items out of inventory when they are used. If an item goes to near zero and can no longer be sold then it should come off the menu.

Have something in the program that allows the user to terminate the program at the end of the night and it should signal to them if inventory for an item goes below 20%.

You are the CFO of Thunderduck Energy, Inc, a public company that specializes in the exploration and development of natural gas. It's near year-end, and you have been in several meetings with management to discuss the end of year net income projections. The company’s employees receive a bonus if the company’s net income in the current year exceeds the net income from the past year. For the current year, the earnings have not been as strong as expected and net income may fall short of last year’s income.

The President has an idea to ensure that net income will increase this year so that the employees will earn their bonus and the shareholders will be happy. The President wants to discuss routine maintenance costs on equipment that were incurred this year. These costs were treated as an expense on the income statement. However, the President is proposing that these costs can be capitalized and should be accounted for as a long-term asset on the balance sheet in order to boost the company’s net income.

Required:

Draft a one-page response in the form of a business memo to your manager discussing your recommendation on the President’s suggestion to capitalize the maintenance costs and record the costs as a long-term asset. Support your decision with addressing the accounting issue, the parties affected and what factors you considered to make your decision. Your memo will be graded based on the written communication, critical thinking and ethics rubrics.

The following data is representative of that reported in an article on nitrogen emissions, with x = burner area liberation rate (MBtu/hr-ft²) and y = NO_x emission rate (ppm):

(a) Assuming that the simple linear regression model is valid, obtain the least squares estimate of the true regression line. (Round all numerical values to four decimal places.)
y =

(b) What is the estimate of expected NO_x emission rate when burner area liberation rate equals 215? (Round your answer to two decimal places.)
ppm

(c) Estimate the amount by which you expect NO_x emission rate to change when burner area liberation rate is decreased by 60. (Round your answer to two decimal places.)
ppm

(d) Would you use the estimated regression line to predict emission rate for a liberation rate of 500? Why or why not?

Yes, the data is perfectly linear, thus lending to accurate predictions.

Yes, this value is between two existing values.    

No, this value is too far away from the known values for useful extrapolation.

No, the data near this point deviates from the overall regression model.