under the law this contract was not valid. Steve the salesperson was completely liable under the law for entering a contract with an underage minor. As a car company representative there is protocol which must be used when entering into any contract and a major part of protocol is to ensure that both parties are of legal age at the time of sale. Another possibility that may be a remedy for this situation is for Car Company to take legal action against Jeff‟s legal guardians. Under the law any minor
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FINA 5210 Problem Set 1 (Group 305) Problem 1 (a) WpC=[E(rp)-rf] ÷Aσp2 =6%÷2.5×(20%)2 =60% WfC=100% - 60% = 40% (b) Expected return of Complete portfolio is: rCEc= WpC×E(rp)+ WfC×rf =60%×10% + 40%×4% =7.6% The standard deviation of Complete portfolio is: σc = WpC × σp = 60% × 20% = 12% Certainty-equivalent rate of return for investing in C: rc CE= Uc = rCEc- 1/2Aσc2 = 7.6% - 0.5×2.5×12%2 = 5.8% Certainty-equivalent rate of return for investing in P: rp CE= Up= rCEp- 1/2Aσp2
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Econ 302 Name:_____________________ Fall 2014 Problem Set 1 (Thursday September 18‚ 2014 In class – no extensions) Please Print and Answer in the Provided Space 1) Consider the following estimates for an iPad sold in Canada in 2010: retail price $550 (say at Best Buy)‚ Apple (a U.S. corporation) wholesale price $475‚ Apple intermediate costs $385. Of Apple’s intermediate costs‚ $100 was wholly produced by U.S. manufacturers‚ and $285 from other foreign producers. Suppose the production chain was
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the Problem‚ Not the Solution Written by: Thaddeus McCarthy Reviewed by: Nur Kamilah Che Ibrahim (1519454) UNGS 2040 Section 6 Thaddeus McCarthy in his article “Education Is the Problem‚ Not the Solution” published on www.huffingtonpost.com on 09/10/2014 challenged the notion of traditional education as the solution for poverty. Contrary to the common idea instilled for generations that the solution to end poverty is the education‚ he rather claimed that it’s actually the root of the problem; the
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Another industry related to the second law of thermodynamics is the air-conditioner. As the weather in this country‚ Malaysia is always hot and humid‚ air-conditioners are used to cool down the surrounding inside the house. In fact‚ the concept of air-conditioner is one of the applications of the second law of thermodynamics which stated that for any process occurring in a closed system‚ the entropy increases for an irreversible system and remains constant for a reversible system‚ but never decreases
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The Application of Precedent • The process: relevant circumstances in the present case; rule to be applied to the case must be discovered by examining previous similar cases (precedent); rule applied to the circumstances of present case. Example 1 • Considine v Shannon regional Fisheries Board [1994] Costello J: ‘principle of precedent is easy to state‚ but is difficult to apply in practice’ • The issue: after a not guilty verdict (acquittal) in the District Court‚ could an appeal could
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the problem of induction? Introduction Inductive reasoning is the basis upon which we build our lives‚ thoughts‚ and knowledge. It is perhaps the cornerstone to all knowledge that we have ever gathered and use. However‚ is it rationally justified? Can we know that our method of inductive reasoning will lead us to a valid conclusion? The answer to this is surprisingly no. We will look closely at the problem of induction‚ and 20th century philosopher Karl Popper’s solution to this problem‚ and
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with the company. The articles of association are the primary source of the provisions determining these internal relationships‚ and they will form the basis of this question and also be combined with aspects of directors’ duties‚ variation of class rights and s459 of the Companies Act 1985. I will split the issues that arise in this question into two parts. The first part would be to deal with Sheila‚ and to establish whether she can prevent the alteration of the objects of the company. The second
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FBE 421 Prof. Briggs Problem Set #1 Please print out this document and clearly handwrite your answers to each of the questions below in the space provided. Show all your work accordingly. A. Calculate LTM (a) Revenue and (b) Net Income for Costco Wholesale (COST) using their latest financial statements as of 3Q2011. 77946+60737-53821=84‚862 MM Revenue 1303+984-871= 1‚416 MM Net-income B. Calculate Costco’s LTM (a) EBIT and (b) EBITDA. 2077+1677-1389=2‚365 MM EBIT (2077+795)+(1677+582)-(1389+549)=
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pursuing a career in law enforcement. I will have the opportunity help people and get paid for doing what I love to do. Esperanza is an important step into my future in law enforcement. At Esperanza I plan to take Criminal Justice courses that will help me to perform to my fullest in the Law Enforcement fields. I choose Esperanza because of the small class sizes that will ensure my success. Many of the classes at Esperanza are taught by professionals who have experience in the field of Law Enforcement.
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