Problem 13-4A Calculation of financial statement ratios LO P3 Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $50,900; total assets, $169,400; common stock, $89,000; and retained earnings, $44,555.)

(Do not round intermediate calculations.)

Compute the current ratio and acid-test ratio.

Compute the days' sales uncollected.

Compute the inventory turnover.

Compute the days' sales in inventory.

Compute the debt-to-equity ratio.

Compute the times interest earned.

What is a geographic information system (GIS)? What purpose does it server? Name the two major elements that are combined to make up a GIS.

At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts:

The following events apply to Oak Consulting for Year 2:

1. Provided $68,100 of services on account.
2. Incurred $3,300 of operating expenses on account.
3. Collected $45,800 of accounts receivable.
4. Paid $36,100 cash for salaries expense.
5. Paid $13,140 cash as a partial payment on accounts payable.
6. Paid a $8,700 cash dividend to the stockholders.

Required
a. Record these events in a general journal. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

b & d. Post the beginning balances and the transactions from Parts a&d to the appropriate accounts.

d-1. Record the closing entries in the general journal. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

e. What is the amount of change in retained earnings for the year?

f. Prepare a post-closing trial balance.

Raymond opened the Muscles Fitness Gym in August. The Following transactions occurred during the first month of the business: a) Raymond invested P100,000 in cash and 30,000 in gym equipment in the business. b) Paid P10,000 for the first month’s rent. c) Purchased supplies costing P4,000 on credit. d) Purchased exercise equipment costing P25,000 for 15,000 cash and the rest on account. e) Recorded income for the first half of the month of P6,500 in cash and P3,500 on account. f) Paid P2,750 to a creditor on account. g) Received payment from a customer on account for P1600. h) Raymond withdrew P500 for a graduation gift. i) Paid aerobics instructor her salary, P3,000. j) Paid miscellaneous expense P1,500 k) Recorded income for the second half of the month of P5,600 in cash. Prepare a new accounting equation every time a transaction occurs.

"Union leaders must also be change partners…”. What does the statement mean to you? Would Kurt Lewin’s Change Model help union leaders? Why or why not?

Year 2017

George Clausen (age 48) is employed by Kline Company and is paid a salary of $42,536. He has just decided to join the company's Simple Retirement Account (IRA form) and has a few questions. Answer the following for Clausen:

http://www.opers.ok.gov/Websites/opers/images/pdfs/2017-Fed-Tax-Tables.pdf

a. What is the maximum that he can contribute into this retirement fund? $______________

b. What would be the company's contribution? $ ____________

c. What would be his weekly take-home pay if he contributes the maximum allowed retirement contribution (married, 2 allowances, wage-bracket method, and a 2.3% state income tax on total wages)? $ ___________________

d. What would be his weekly take-home pay without the retirement contribution deduction? $______________

Kindly check Case Below and if possible to answer the question at the end of the case.

Beckett Organics
John Beckett enjoys vegetables, so much so that he has given up his full-time job as a lawyer to concentrate on growing and marketing organic vegetables. He started growing vegetables 20 years ago in his back garden and eventually became fully self-sufficient in supplying vegetables for the family. Partly bored with his legal job and tempted by an attractive severance package, John decided he would try to establish his own vegetable supply business. Eighteen months ago he looked around for two fields to lease in which he could grow organic vegetables.
Organic products including vegetables, is a growth market in the UK. Growers must adhere to strict guidelines in order to gain organic certification. Increasing awareness of the problems associated with many pesticides and fertilizers, coupled with an increased interest in healthy eating habits and ‘wholesome’ food, has meant that many consumers are now either purchasing or interested in purchasing organic vegetables. This is true not only of household customers, but in addition, many restaurants are using the lure of organic produce to give them a distinctive edge in the market place. All this has meant that many of the larger supermarkets in the UK have begun to stock more and more organic produce from what was a relatively specialized market in the 1990s; the market has grown to where overall organic produce accounts for some 12% of the total UK grocery market and in worldwide terms as of January 2010 it accounts for approximately 3% of all food sales. The market for organic vegetables has grown more rapidly than other organic products and it is estimated that by 2018 some 40% of all vegetables marketed in the UK will be organic. This growth has been sustained at a rate of around 20% per year in developed countries. However, organic yields are between 10% and 20% lower than conventional agriculture, with crops like potatoes some 40% lower. Unsurprisingly, this makes organic produce on average around 40% more expensive than non-organic produce.
Organic vegetables offer several advantages over their non-organic counterparts:
• They are generally tastier, and because they are not treated in the same way, are usually fresher than non- organic products.
• They are good for a healthy lifestyle as they contain no pesticides and chemicals.
• The fact that no pesticides or herbicides are used in their production means that they are much ‘greener’. For example, they help to reduce the problems associated with nitrates in the soil and water supplies.
• On the downside, organic vegetables are generally less uniform, and as far as some consumers are concerned, are less attractive in appearance. This lack of uniformity has also been a problem in the past with supermarket buyers who have traditionally looked for uniformity in fresh products to aid merchandising and marketing in retail outlets.
• Generally, organic vegetables are more expensive than their non-organic counterparts Currently, on average they are somewhere in the region of 40% more expensive.
In the UK, anyone wishing to claim that their produce is organic, and market it in this way, needs to obtain the approval of the Soil Association, which checks the organic credentials of a supplier. For example, in this case, they check the conditions under which the produce is grown and how the seeds used.
Two interesting developments are taking place in the organic produce market. One is the growth of home supplies. This is where the producer supplies direct to the householder. There are a variety of ways of doing this. Some smaller growers use mail-shots and leafleting to build up a client base. They then deliver locally to customers who order from a list. Very often the supplier will simply make up a box of a pre-determined value or weight containing a selection of vegetables which are in season and ready for picking. Other suppliers are using a similar system, but take their orders via the Internet. This is particularly suitable for this type of product as customers can check on a regular basis what is available and order from home. The produce is then delivered at a pre-arranged time.
The second development in the organic produce market is the growth of farmers’ markets. These markets are usually run by local authorities, often on Saturdays or Sundays. Local and other producers attend these markets, paying a small fee for a stall and then sell their produce direct to the consumer. These farmers’ markets partly
came about as a result of the frustration felt by many farmers and growers at the way they were being treated by retailers and at the margins they were receiving. In addition, such markets have been successful because consumers feel they are getting fresh produce at lower prices than they might be able to obtain through supermarkets.
Despite the growth in the market for organic vegetables, after 18 months in his business, John is worried. Quite simply, his business has not been as successful as he envisaged it would be, and as a result he is not earning enough to make a living. The real worry is that he is not sure why this is the case. His produce, he believes, is as good as anything in the business. He is a very good grower and the land he has leased is perfect for the range of produce he wishes to grow. Starting with organic potatoes he now produces a range of organic vegetables including beans, sprouts, carrots, lettuce and his latest venture organic tomatoes and corn grown in poly-tunnels. Although customers he currently supplies are very loyal to John, indeed many are friends and acquaintances he has known over the years when he grew vegetables in his back garden, there are simply not enough of them. As a result, his turnover which increased rapidly over the first year of the business has for the last six months has stagnated. He mainly supplies locally and has tried to increase his customer base by taking leaflets out and posting them through letterboxes in the area. He has done this by dividing up the housing areas in a ten-mile radius around his growing area and dropping leaflets throughout the area to as many houses as he can cover on a systematic basis. Only some 2% of customers have responded with an order, usually contacting by telephone. These customers seem to come from the middle class areas. He has considered taking a stall at one of the farmers’ markets, the nearest of which is some 40 miles away and operates one day per month, but he realizes this would not be enough to reach the turnover levels he requires. He has in the past supplied one or two local restaurants and hotels, but usually only when they have contacted him because they have had a problem with their existing supplier. He has never followed these up. His growing area is currently too small to supply a major retailer, although he has been approached on an informal basis by the buyer of a voluntary chain of local grocers representing some 40 retail outlets in the county.
John is wondering where he goes from here. He cannot understand why his superior products are not selling well. A friend has suggested that John needs a more strategic approach to marketing. John is not convinced. He feels his business is too small to warrant any kind of marketing, never mind strategic marketing, and he has always felt that a good product should sell itself. He is, however, anxious to grow the business and become a leading organic vegetable supplier.

You were hired by John as a strategic analyst to develop a detailed strategic management process for this company. What shall you do? And how to direct the company in the future? Elaborate your answer.

Download the world.SQL and run it in MySQL. Now based on this database, write query that shows a) the most populated city in each country. b) the second most populated city in each country. c) the most populated city in each continent. d) the most populated country in each continent. e) the most populated continent. f) the number of people speaking each language. g) the most spoken language in each continent. h) number of languages that they are official language of at least one country. i) the most spoken official language based on each continent. (the language that has the highest number of people talking as their mother tongue) j) the country with the most (number of) unofficial languages based on each continent. (no matter how many people talking that language) k) the countries that their capital is not the most populated city in the country. l) the countries with population smaller than Russia but bigger than Denmark.

script is below---

DROP SCHEMA IF EXISTS world;
CREATE SCHEMA world;
USE world;
SET AUTOCOMMIT=0;

--
-- Table structure for table `city`
--

DROP TABLE IF EXISTS `city`;
CREATE TABLE `city` (
`ID` INT(11) NOT NULL AUTO_INCREMENT,
`Name` CHAR(35) NOT NULL DEFAULT '',
`CountryCode` CHAR(3) NOT NULL DEFAULT '',
`District` CHAR(20) NOT NULL DEFAULT '',
`Population` INT(11) NOT NULL DEFAULT '0',
PRIMARY KEY (`ID`));
  

--
-- Dumping data for table `city`
--
-- ORDER BY: `ID`

INSERT INTO `city` VALUES (1,'Kabul','AFG','Kabol',1780000);
INSERT INTO `city` VALUES (2,'Qandahar','AFG','Qandahar',237500);
INSERT INTO `city` VALUES (3,'Herat','AFG','Herat',186800);
INSERT INTO `city` VALUES (4,'Mazar-e-Sharif','AFG','Balkh',127800);
INSERT INTO `city` VALUES (5,'Amsterdam','NLD','Noord-Holland',731200);
INSERT INTO `city` VALUES (6,'Rotterdam','NLD','Zuid-Holland',593321);
INSERT INTO `city` VALUES (7,'Haag','NLD','Zuid-Holland',440900);
INSERT INTO `city` VALUES (8,'Utrecht','NLD','Utrecht',234323);
INSERT INTO `city` VALUES (9,'Eindhoven','NLD','Noord-Brabant',201843);
INSERT INTO `city` VALUES (10,'Tilburg','NLD','Noord-Brabant',193238);
INSERT INTO `city` VALUES (11,'Groningen','NLD','Groningen',172701);
INSERT INTO `city` VALUES (12,'Breda','NLD','Noord-Brabant',160398);
INSERT INTO `city` VALUES (13,'Apeldoorn','NLD','Gelderland',153491);
INSERT INTO `city` VALUES (14,'Nijmegen','NLD','Gelderland',152463);
INSERT INTO `city` VALUES (15,'Enschede','NLD','Overijssel',149544);
INSERT INTO `city` VALUES (16,'Haarlem','NLD','Noord-Holland',148772);
INSERT INTO `city` VALUES (17,'Almere','NLD','Flevoland',142465);
INSERT INTO `city` VALUES (18,'Arnhem','NLD','Gelderland',138020);
INSERT INTO `city` VALUES (19,'Zaanstad','NLD','Noord-Holland',135621);
INSERT INTO `city` VALUES (20,'´s-Hertogenbosch','NLD','Noord-Brabant',129170);
INSERT INTO `city` VALUES (21,'Amersfoort','NLD','Utrecht',126270);
INSERT INTO `city` VALUES (22,'Maastricht','NLD','Limburg',122087);
INSERT INTO `city` VALUES (23,'Dordrecht','NLD','Zuid-Holland',119811);
INSERT INTO `city` VALUES (24,'Leiden','NLD','Zuid-Holland',117196);
INSERT INTO `city` VALUES (25,'Haarlemmermeer','NLD','Noord-Holland',110722);
INSERT INTO `city` VALUES (26,'Zoetermeer','NLD','Zuid-Holland',110214);
INSERT INTO `city` VALUES (27,'Emmen','NLD','Drenthe',105853);
INSERT INTO `city` VALUES (28,'Zwolle','NLD','Overijssel',105819);
INSERT INTO `city` VALUES (29,'Ede','NLD','Gelderland',101574);
INSERT INTO `city` VALUES (30,'Delft','NLD','Zuid-Holland',95268);
INSERT INTO `city` VALUES (31,'Heerlen','NLD','Limburg',95052);
INSERT INTO `city` VALUES (32,'Alkmaar','NLD','Noord-Holland',92713);
INSERT INTO `city` VALUES (33,'Willemstad','ANT','Curaçao',2345);
INSERT INTO `city` VALUES (34,'Tirana','ALB','Tirana',270000);
INSERT INTO `city` VALUES (35,'Alger','DZA','Alger',2168000);
INSERT INTO `city` VALUES (36,'Oran','DZA','Oran',609823);
INSERT INTO `city` VALUES (37,'Constantine','DZA','Constantine',443727);
INSERT INTO `city` VALUES (38,'Annaba','DZA','Annaba',222518);
INSERT INTO `city` VALUES (39,'Batna','DZA','Batna',183377);
INSERT INTO `city` VALUES (40,'Sétif','DZA','Sétif',179055);
INSERT INTO `city` VALUES (41,'Sidi Bel Abbès','DZA','Sidi Bel Abbès',153106);
INSERT INTO `city` VALUES (42,'Skikda','DZA','Skikda',128747);
INSERT INTO `city` VALUES (43,'Biskra','DZA','Biskra',128281);
INSERT INTO `city` VALUES (44,'Blida (el-Boulaida)','DZA','Blida',127284);
INSERT INTO `city` VALUES (45,'Béjaïa','DZA','Béjaïa',117162);
INSERT INTO `city` VALUES (46,'Mostaganem','DZA','Mostaganem',115212);
INSERT INTO `city` VALUES (47,'Tébessa','DZA','Tébessa',112007);
INSERT INTO `city` VALUES (48,'Tlemcen (Tilimsen)','DZA','Tlemcen',110242);
INSERT INTO `city` VALUES (49,'Béchar','DZA','Béchar',107311);
INSERT INTO `city` VALUES (50,'Tiaret','DZA','Tiaret',100118);
INSERT INTO `city` VALUES (51,'Ech-Chleff (el-Asnam)','DZA','Chlef',96794);
INSERT INTO `city` VALUES (52,'Ghardaïa','DZA','Ghardaïa',89415);
INSERT INTO `city` VALUES (53,'Tafuna','ASM','Tutuila',5200);
INSERT INTO `city` VALUES (54,'Fagatogo','ASM','Tutuila',2323);
INSERT INTO `city` VALUES (55,'Andorra la Vella','AND','Andorra la Vella',21189);
INSERT INTO `city` VALUES (56,'Luanda','AGO','Luanda',2022000);
INSERT INTO `city` VALUES (57,'Huambo','AGO','Huambo',163100);
INSERT INTO `city` VALUES (58,'Lobito','AGO','Benguela',130000);
INSERT INTO `city` VALUES (59,'Benguela','AGO','Benguela',128300);
INSERT INTO `city` VALUES (60,'Namibe','AGO','Namibe',118200);
INSERT INTO `city` VALUES (61,'South Hill','AIA','',961);
INSERT INTO `city` VALUES (62,'The Valley','AIA','',595);
INSERT INTO `city` VALUES (63,'Saint John´s','ATG','St John',24000);
INSERT INTO `city` VALUES (64,'Dubai','ARE','Dubai',669181);
INSERT INTO `city` VALUES (65,'Abu Dhabi','ARE','Abu Dhabi',398695);
INSERT INTO `city` VALUES (66,'Sharja','ARE','Sharja',320095);
INSERT INTO `city` VALUES (67,'al-Ayn','ARE','Abu Dhabi',225970);
INSERT INTO `city` VALUES (68,'Ajman','ARE','Ajman',114395);
INSERT INTO `city` VALUES (69,'Buenos Aires','ARG','Distrito Federal',2982146);
INSERT INTO `city` VALUES (70,'La Matanza','ARG','Buenos Aires',1266461);
INSERT INTO `city` VALUES (71,'Córdoba','ARG','Córdoba',1157507);
INSERT INTO `city` VALUES (72,'Rosario','ARG','Santa Fé',907718);
INSERT INTO `city` VALUES (73,'Lomas de Zamora','ARG','Buenos Aires',622013);
INSERT INTO `city` VALUES (74,'Quilmes','ARG','Buenos Aires',559249);
INSERT INTO `city` VALUES (75,'Almirante Brown','ARG','Buenos Aires',538918);
INSERT INTO `city` VALUES (76,'La Plata','ARG','Buenos Aires',521936);
INSERT INTO `city` VALUES (77,'Mar del Plata','ARG','Buenos Aires',512880);
INSERT INTO `city` VALUES (78,'San Miguel de Tucumán','ARG','Tucumán',470809);
INSERT INTO `city` VALUES (79,'Lanús','ARG','Buenos Aires',469735);
INSERT INTO `city` VALUES (80,'Merlo','ARG','Buenos Aires',463846);
INSERT INTO `city` VALUES (81,'General San Martín','ARG','Buenos Aires',422542);
INSERT INTO `city` VALUES (82,'Salta','ARG','Salta',367550);
INSERT INTO `city` VALUES (83,'Moreno','ARG','Buenos Aires',356993);
INSERT INTO `city` VALUES (84,'Santa Fé','ARG','Santa Fé',353063);
INSERT INTO `city` VALUES (85,'Avellaneda','ARG','Buenos Aires',353046);
INSERT INTO `city` VALUES (86,'Tres de Febrero','ARG','Buenos Aires',352311);
INSERT INTO `city` VALUES (87,'Morón','ARG','Buenos Aires',349246);
INSERT INTO `city` VALUES (88,'Florencio Varela','ARG','Buenos Aires',315432);
INSERT INTO `city` VALUES (89,'San Isidro','ARG','Buenos Aires',306341);
INSERT INTO `city` VALUES (90,'Tigre','ARG','Buenos Aires',296226);
INSERT INTO `city` VALUES (91,'Malvinas Argentinas','ARG','Buenos Aires',290335);
INSERT INTO `city` VALUES (92,'Vicente López','ARG','Buenos Aires',288341);
INSERT INTO `city` VALUES (93,'Berazategui','ARG','Buenos Aires',276916);
INSERT INTO `city` VALUES (94,'Corrientes','ARG','Corrientes',258103);
INSERT INTO `city` VALUES (95,'San Miguel','ARG','Buenos Aires',248700);
INSERT INTO `city` VALUES (96,'Bahía Blanca','ARG','Buenos Aires',239810);
INSERT INTO `city` VALUES (97,'Esteban Echeverría','ARG','Buenos Aires',235760);
INSERT INTO `city` VALUES (98,'Resistencia','ARG','Chaco',229212);
INSERT INTO `city` VALUES (99,'José C. Paz','ARG','Buenos Aires',221754);
INSERT INTO `city` VALUES (100,'Paraná','ARG','Entre Rios',207041);
INSERT INTO `city` VALUES (101,'Godoy Cruz','ARG','Mendoza',206998);
INSERT INTO `city` VALUES (102,'Posadas','ARG','Misiones',201273);
INSERT INTO `city` VALUES (103,'Guaymallén','ARG','Mendoza',200595);
INSERT INTO `city` VALUES (104,'Santiago del Estero','ARG','Santiago del Estero',189947);
INSERT INTO `city` VALUES (105,'San Salvador de Jujuy','ARG','Jujuy',178748);
INSERT INTO `city` VALUES (106,'Hurlingham','ARG','Buenos Aires',170028);
INSERT INTO `city` VALUES (107,'Neuquén','ARG','Neuquén',167296);
INSERT INTO `city` VALUES (108,'Ituzaingó','ARG','Buenos Aires',158197);
INSERT INTO `city` VALUES (109,'San Fernando','ARG','Buenos Aires',153036);
INSERT INTO `city` VALUES (110,'Formosa','ARG','Formosa',147636);
INSERT INTO `city` VALUES (111,'Las Heras','ARG','Mendoza',145823);
INSERT INTO `city` VALUES (112,'La Rioja','ARG','La Rioja',138117);
INSERT INTO `city` VALUES (113,'San Fernando del Valle de Cata','ARG','Catamarca',134935);
INSERT INTO `city` VALUES (114,'Río Cuarto','ARG','Córdoba',134355);
INSERT INTO `city` VALUES (115,'Comodoro Rivadavia','ARG','Chubut',124104);
INSERT INTO `city` VALUES (116,'Mendoza','ARG','Mendoza',123027);
INSERT INTO `city` VALUES (117,'San Nicolás de los Arroyos','ARG','Buenos Aires',119302);
INSERT INTO `city` VALUES (118,'San Juan','ARG','San Juan',119152);
INSERT INTO `city` VALUES (119,'Escobar','ARG','Buenos Aires',116675);
INSERT INTO `city` VALUES (120,'Concordia','ARG','Entre Rios',116485);
INSERT INTO `city` VALUES (121,'Pilar','ARG','Buenos Aires',113428);
INSERT INTO `city` VALUES (122,'San Luis','ARG','San Luis',110136);
INSERT INTO `city` VALUES (123,'Ezeiza','ARG','Buenos Aires',99578);
INSERT INTO `city` VALUES (124,'San Rafael','ARG','Mendoza',94651);
INSERT INTO `city` VALUES (125,'Tandil','ARG','Buenos Aires',91101);
INSERT INTO `city` VALUES (126,'Yerevan','ARM','Yerevan',1248700);
INSERT INTO `city` VALUES (127,'Gjumri','ARM','irak',211700);
INSERT INTO `city` VALUES (128,'Vanadzor','ARM','Lori',172700);
INSERT INTO `city` VALUES (129,'Oranjestad','ABW','',29034);
INSERT INTO `city` VALUES (130,'Sydney','AUS','New South Wales',3276207);
INSERT INTO `city` VALUES (131,'Melbourne','AUS','Victoria',2865329);
INSERT INTO `city` VALUES (132,'Brisbane','AUS','Queensland',1291117);
INSERT INTO `city` VALUES (133,'Perth','AUS','West Australia',1096829);
INSERT INTO `city` VALUES (134,'Adelaide','AUS','South Australia',978100);
INSERT INTO `city` VALUES (135,'Canberra','AUS','Capital Region',322723);
INSERT INTO `city` VALUES (136,'Gold Coast','AUS','Queensland',311932);
INSERT INTO `city` VALUES (137,'Newcastle','AUS','New South Wales',270324);
INSERT INTO `city` VALUES (138,'Central Coast','AUS','New South Wales',227657);
INSERT INTO `city` VALUES (139,'Wollongong','AUS','New South Wales',219761);
INSERT INTO `city` VALUES (140,'Hobart','AUS','Tasmania',126118);
INSERT INTO `city` VALUES (141,'Geelong','AUS','Victoria',125382);
INSERT INTO `city` VALUES (142,'Townsville','AUS','Queensland',109914);
INSERT INTO `city` VALUES (143,'Cairns','AUS','Queensland',92273);
INSERT INTO `city` VALUES (144,'Baku','AZE','Baki',1787800);
INSERT INTO `city` VALUES (145,'Gäncä','AZE','Gäncä',299300);
INSERT INTO `city` VALUES (146,'Sumqayit','AZE','Sumqayit',283000);
INSERT INTO `city` VALUES (147,'Mingäçevir','AZE','Mingäçevir',93900);
INSERT INTO `city` VALUES (148,'Nassau','BHS','New Providence',172000);
INSERT INTO `city` VALUES (149,'al-Manama','BHR','al-Manama',148000);
INSERT INTO `city` VALUES (150,'Dhaka','BGD','Dhaka',3612850);
INSERT INTO `city` VALUES (151,'Chittagong','BGD','Chittagong',1392860);
INSERT INTO `city` VALUES (152,'Khulna','BGD','Khulna',663340);
INSERT INTO `city` VALUES (153,'Rajshahi','BGD','Rajshahi',294056);
INSERT INTO `city` VALUES (154,'Narayanganj','BGD','Dhaka',202134);
INSERT INTO `city` VALUES (155,'Rangpur','BGD','Rajshahi',191398);
INSERT INTO `city` VALUES (156,'Mymensingh','BGD','Dhaka',188713);
INSERT INTO `city` VALUES (157,'Barisal','BGD','Barisal',170232);

Explain briefly what excimer lasers are and the reason why they are used in photorefractive keratectomy, in which the front of the cornea is sculpted to correct nearsightedness.

-Why is the argon ion laser not a good choice for this operation?

-Why is the reverse true for laser surgical procedures performed on the retina?

Weston v. Cornell University New York Supreme Court, Appellate Division, Third Department, 136 A.D.3d 1094, 24 N.Y.S.3d 448 (2016). Weston v. Cornell University In the Language of the Court ROSE, J. [Judge] * * * * Defendant [Cornell University in Ithaca, New York] appointed plaintiff [Leslie Weston] to an associate professorship in 1998 for an initial term of five years. The 1998 offer letter described the position as being “with tenure,” but it stated that, although no problems were anticipated, the offer of tenure would have to be confirmed by defendant’s review process shortly after plaintiff’s arrival on campus. For a variety of reasons, plaintiff delayed her tenure submission for five years and, when she finally submitted it, she was not awarded tenure. In 2003, defendant gave plaintiff a two-year extension of her appointment, this time as an “associate professor without tenure,” to allow her an opportunity to improve and resubmit her tenure package. Plaintiff resubmitted her request for tenure in 2005, but it was again denied, resulting in her eventual termination. Plaintiff then commenced this action [in a New York state court] seeking * * * to recover for breach of contract. * * * Following the completion of discovery, defendant moved for summary judgment dismissing the complaint * * *. The Supreme Court [a New York state trial court] denied that portion of the motion seeking dismissal of the breach of contract claim. Defendant now appeals. Contrary to defendant’s argument, Supreme Court properly found that issues of fact exist as to whether defendant’s 1998 offer letter reflects an intent to assure plaintiff that she would be granted tenure. * * * The terms of the letter are ambiguous. Accordingly, Supreme Court properly relied upon extrinsic evidence to determine the parties’ intent.Footnote Based upon the affidavit of the then-chair of defendant’s department who hired plaintiff and wrote the 1998 offer letter, as well as correspondence from the dean and associate dean of the college in which plaintiff’s department was located, Supreme Court appropriately declined to award summary judgment to defendant with respect to the 1998 offer of tenure. However, we must agree with defendant’s alternative argument that the terms of its original offer were materially modified by plaintiff’s acceptance of its 2003 offer to extend her appointment. Defendant’s 2003 letter offering to extend her appointment unambiguously replaced the “with tenure” language contained in the 1998 offer letter by restating her job title as “associate professor without tenure.” Defendant also points to plaintiff’s deposition testimony, in which she explicitly acknowledged that she understood the 2003 letter to be a modification of the original terms of her employment agreement and agreed—albeit reluctantly—to the new terms. Significantly, plaintiff further admitted that defendant was “not guaranteeing her tenure in any case after this letter.” [Emphasis added.] In response to this prima facie showing by defendant, plaintiff contends that, regardless of what she agreed to in 2003, her oft-repeated assertions of her belief that defendant still owed her tenure based upon the original letter suffice to preclude summary judgment. Aside from plaintiff’s own opinions on the matter, however, there is nothing in the record to indicate that any alleged guarantee of tenure remained beyond the date of the 2003 letter. Accordingly, we find that plaintiff’s subjective beliefs and unsupported arguments regarding the 2003 modification of her employment agreement are insufficient to raise triable issues of fact to defeat defendant’s motion for summary judgment dismissing the breach of contract cause of action. ORDERED that the order is modified * * * by reversing so much thereof as partially denied defendant’s motion for summary judgment; said motion granted in its entirety and breach of contract cause of action dismissed.

Legal Reasoning Questions

What did the plaintiff seek in this action? What was the legal ground for her claim?

What was her principal contention regarding the offers and acceptances at the center of this case?

Why did the trial court deny the defendant’s motion for summary judgment to dismiss the plaintiff’s claim?

Why did the appellate court modify the trial court’s denial of the defendant’s motion?

what is globalization theory. please provide reference.

1. Explain the idea of a turnkey project. Why should a firm use this arrangement to expand internationally? In what industries are turnkey arrangements most common?

2. Why should a firm be cautious about entering a licensing agreement?

3. Compare and contrast licensing agreements and franchising agreements.

4 What is a joint venture? What type of joint venture is most common? Provide an example of a joint venture.

500.0 mL of 0.110 M NaOH is added to 615 mL of 0.200 M weak acid (Ka = 7.63

1. (25pts) A person’s demand for gizmos is given by the following equation:q = 24 - 2p + 0.0008I

where, q is the quantity demanded at price p when the person’s income is I. Assume initially that theperson’s income is $160,000.

a.At what price will demand fall to zero? (This is sometimes called the choke price because it is the price that chokes off demand.)

b.If the market price for gizmos is $40, how many will be demanded?

c.At a price of $40, what is the price elasticity of demand for gizmos?

d.At a price of $40, what is the consumer surplus?

e.If price rises to $48, how much consumer surplus is lost?

f.If the price drops to $30, how much consumer surplus is gained?

g.If income were $200,000, what would be the consumer surplus loss from a price rise from $40

to $48? Why is it different than the change in CS surplus obtained in 1.e.?

Given a normal distribution with μ = 48 and σ = 5​,

a. What is the probability that X > 42​? ​(Round to four decimal places as​ needed.)

b. What is the probability that X < 43​? ​(Round to four decimal places as​ needed.)

c. For this​ distribution, 9​% of the values are less than what​ X-value? ​(Round to the nearest integer as​ needed.)

d. Between what two​ X-values (symmetrically distributed around the​ mean) are 60​% of the​ values?

​(Round to the nearest integer as​ needed.)