Solid Construction Company has the following amounts of interest-bearing debt and common equity capital: Financing Dollar Interest Cost of Source Amount Rate Equity Short-Term Loan $300,000 10% Long-Term Loan $100,000 18% Equity Capital $600,000 22% Solid Construction is in the 30 percent average tax bracket. The after-tax weighted average cost of capital (WACC) for Solid is (a) 16.56%. (b) 16.84%. € 17.12%. (d) 18.84%. € None of the above.

Classifying Relevant and Irrelevant Items

The law firm of Hannan, Taylor, and Masteller has been asked to represent a local client. All legal

proceedings will be held out of town in Boston.

Required

The law firm’s accountant has asked you to help determine the incremental cost of accepting this client.

Classify each of the following items on the basis of their relationship to this engagement. Items may

have multiple classifications.

Relevant costs Irrelevant costs

Opportunity Outlay Outlay Sunk

1. The case will require three attorneys to stay four

nights in a Boston hotel. The predicted hotel bill

is $2,400.

2. Hannan, Taylor, and Masteller’s professional staff

is paid $2,000 per day for out-of-town assignments.

3. Last year, depreciation on Hannan, Taylor, and

Masteller’s office was $25,000.

4. Round-trip transportation to Boston is expected to

cost $250 per person.

5. The firm has recently accepted an engagement that

will require partners to spend two weeks in Chi-

cago. The predicted out-of-pocket costs of this trip

are $8,500.

6. The firm has a maintenance contract on its com-

puter equipment that will cost $2,200 next year.

In a telephone conversation with a sales representative of a linen company, the manager of a hotel ordered $1,000 worth of sheets. Following the conversation, the manager wrote a memo to the file documenting the agreement, initialed it, and sent a copy to the sales representative. One of the linen company’s competitors learned of this contract and contacted the hotel to tell them that the sheets were poorly manufactured and that they should stop buying from the linen company and buy everything from the competitor. The hotel then cancels the contract and starts buying from the competitor.

The linen company’s sheets are not poorly manufactured. The linen company can sue both the competitor and the hotel for losses suffered, one for a tort and one for breach of contract, but the linen company is not allowed to recover twice for the same harm.

What is the tort that the linen company can sue for and who is the defendant?

Who should they sue for the breach of contract claim?

What damages would be recoverable from each defendant so that it would not be recovering the same damages twice?

Does the Statute of Frauds create a defense to the lawsuit against the hotel?

Why or why not?

Its a law question

Star Inn is a chain of hotels. The reservation system is uses a centralized reservation database. The database contains booking information on all hotels of Star Inn. The following is a description of the conceptual model of the hotel reservation database at Star Inn.

The database contains information about hotels, hotel rooms, customers, and reservation. A hotel can be identified by its identification number (hotel_id). It is also described by hotel_name, address and phone_no. Rooms are identified by room_no which is unique for a hotel. The same room_no may exist in different hotels of Star Inn. Rooms are also described by type and rate.

Customers are identified by customer_id and are described by name (customer_name), address (customer_address), and phone number (customer_phone). When a customer makes a reservation, he/she is asked to specify the hotel, the room type, the arrival date (arrival_date) and duration of stay (duration). A specific room is then booked for the customer. A customer can book the same room more than once. Therefore, a reservation is identified by a reservation number (reservation_no).

Please use Visible Analyst or any other CASE tool to draw the ERD.

Fun City has decided to build a new municipal water park with pools, water slides, and so forth. You have been hired to conduct a study to determine if the water park can pass the test. A nearby and very similar city currently has a water park similar to the one Fun City is considering. The nearby city currently charges $10 for admission and, on a typical day, attracts 4,000 persons. Last year, it charged $15, but only attracted 3,000 paying customers.

1. Assuming that the demand curve for water parks is linear, estimate the net benefits received by those using the Fun City water park, if Fun City charges an admission price of $12.50. [NOTE: You need not compute the actual amount; just use a graph and clearly indicate the area that represents the net benefit amount.]

2. By how much, and in what direction, would the net benefits received by those using the water park change if Fun City charges a $15.00 admission price, rather than $12.50? [NOTE: This time compute the actual dollar value.]

IN JAVA

Write a program that calculates the occupancy rate for each floor of a hotel. (Use a sentinel value and please point out the sentinel in bold.) The program should start by asking for the number of floors in the hotel. A loop should then iterate once for each floor. During each iteration, the loop should ask the user for the number of rooms on the floor and the number of them that are occupied. After all the iterations, the program should display the number of rooms the hotel has, the number of them that are occupied, the number that are vacant, and the occupancy rate for the hotel. Input Validation: Do not accept a value less than 1 for the number of floors. Do not accept a number less than 10 for the number of rooms on a floor.

SAMPLE OUTPUT:

Enter number of floors:
2
Enter total rooms at floor 1:
10
Enter total rooms occupied at floor1:
5
Enter total rooms at floor 2:
10
Enter total rooms occupied at floor2:
5
Total rooms: 20
Total occupied rooms: 20
Hotel occupany: 50.0

On March 1, 2019, Asbah contracted Nabali & Fares Construction Co. to construct a building on land costing $800,000 (purchased from the contractor and included in the first payment). The construction began on the office building on March 1. The following expenditures were incurred for construction: Date Expenditures March 1, 2019 $ 1,200,000 May 1, 2019 1,680,000 August 1, 2019 3,000,000 September 30, 2019 4,800,000 The building was completed and ready for occupancy on September 30, 2019. To finance purchase of the land and construction of the building, $1,500,000 was borrowed on March 1, 2019 on a 9%, 3-year note payable. Other than the construction note, the only debt outstanding during 2019 was a $1,000,000, 12%, 6-year note payable dated January 1, 2019. The interest cost to be capitalized during 2019 i