Microsoft Word – final exam fall 2013.docx

Question 4

You are a real estate developer and are trying to determine the EMV of your net commission from a sales call to a potential purchaser.

Assume that your transportation cost is $1.45 per mile Assume that the sales call is 70 miles round trip

Assume that your transportation time is 2.25 minutes per mile Assume that the value of your time for transportation is $55.00 per hour Assume that it will take 3 hours to meet with the potential purchaser Assume that the value of your time for the customer meeting is $150.00 per hour Assume that you will have a 19% chance of a successful sales call (sales call #1)

If sales call #1 is successful, you will sell a house valued at $275,000 with likelihood = 55%

you will sell a house valued at $300,000 with likelihood = 35%

you will sell a house valued at $425,000 with likelihood = 10%

Assume that your commission will be 2.5% of the value of the house if sales call #1 is successful.

a) What is the expected cost (time and transportation) of sales call #1?

b) Without assuming that the sales call will be successful (that is, it may or may not be a success), what is the expected gross commission of sales call #1 (do not net out the expected costs)?

Suppose you have a second possible sales call (sales call #2). Assume that the expected cost remains the same and that the commission rate remains 2.5%, but that the following information is the different information for sales call #2.

Assume that you will have a 12% chance of a successful sales call (sales call #2) If sales call #2 is successful, you will sell a house

valued at $285,000 with likelihood = 45% you will sell a house valued at $320,000 with likelihood = 25% you will sell a house valued at $355,000 with likelihood = 30%

c) Assuming that your sales call is successful, which sales call is the maximin sales call? (Don’t simply define maximin, but use values to justify your response).

 

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b. Summarize the results of both the main effects and the interaction term, based on the ANOVA table above (even if that term is not significant). (3pt)

c.Below is an interaction plot for this analysis. For the main effect of each explanatory variable, comment on the direction of the relationship with the response variable. (2pt)

Figure 1. Interaction between Oxygen Supply and Energy Expenditure

d.Explain how the plot above confirms the results for the interaction term in the ANOVA table. (1pt)

Tables and figures are in the attached file.

 

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What are four checks to ensure quality that a receiving clerk can make when receiving any food product?

key terms::

Microsoft Word – NCFS & HVP Course Guide 05-28-2015, Final.docx

panini press? pressurized tilt?  skillet? speed rack? steam jacketed kettle< TurboChef oven

Microsoft Word – NCFS & HVP Course Guide 05-28-2015, Final.docx

blast chiller combi oven convenience products C,VAP, induction burner

 

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Microsoft Word – Problem Set 3 Questions

1. In 2014, Peter spent his income on two goods only, x and y. Between 2014 and 2015, the price of good x rose by 8% and the price of good y rose by 8%. Peter bought the same amount of x in 2015 as in 2014, but bought more y in 2015. What can we say about goods x and y, i.e., can we be sure if one of them is a normal good or inferior good?

 

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Microsoft Word – Seminar Plan Law 101 2017.docx

Not expecting huge answers – just a few simple sentences to point me in the right direction/add to my own ideas (especially in questions 1-3, question 4,5 need a bit more). Tutor must refer/be familiar with current NSW Australian Law – please refer to acts/ past cases where you can (that are NSW Aus ONLY). 

1. Explain the concept of consideration – as if you were explaining it to a friend not studying Business Law.

2. List some agreements you could enter into daily that could result in an inference that contractual relations were intended.

1. 3. What is meant by intention to create legal relations? 

4. Discuss whether the presumption that the court apples in relation to social or family or domestic arrangements and commercial or business arrangements has any value today.

5. David was unemployed and suffered from a number of disabilities. To try to get him back into the workforce, Sam arranged for David to paint his (Sam’s) house. The arrangement was initially to be on a trial basis in order to determine whether David was capable of doing the job. Under the arrangement, Sam agreed to pay David $25/hour as a starting rate; if David proved that he could complete the task, they would then discuss the rate of payment again. As David was climbing a ladder to start the painting, he fell off it and was injured. Is there a contract of employment in existence so that David would be entitled to claim workers’ compensation? Discuss. 

1. 6. Is there anyway of asserting rights where you have not provided consideration?

 

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