In march of 1996 a special release of water, Q=1270 m3/s, was made from the Glenn Canyon Dam, to create an artificial flood in the Grand Canyon. 

a) the flow was through 8 pipes, each with internal diameter of 2.5m. Estimate the velocity through those pipes

b) Estimate the average velocity of the river at some point downstream of the dam, where the width of the river was 61m and its average depth was 3m. 

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In March, a derivatives dealer offers you the following quotes for June British pound option contracts (expressed in U.S. dollars per GBP):Market price of contractcontract/strike price/bid/offercall/USD 1.40/0.0642/0.0647put/0/0.0255/0.0260call/USD 1.44/0.0417/0.0422put/0/0.0422/0.0427call/USD 1.48/0.0255/0.0260put/0/0.0642/0.0647Assuming each of these contracts specifies the delivery of GBP 31,250 and expires in exactly three months, complete a table similar to the following (expressed in dollars) for a portfolio consisting of the following positions:(1)long one 1.44 call(2)short one 1.48 call(3) long one 1.40 put(4) short one 1.44 putJune USD/GBP1.361.401.441.481.52

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3. In March 20X4, R&R Ltd. traded in land (market value of $10,000) plus cash of $16,500 for another piece of land with a market value of $24,000. The old land was intended to be used for parking and the new land was intended to be used for a warehouse. In December 20X4,the newly traded land had a market value of $34,000. In December 20X5, the land had a market value of $26,000. R&R uses the revaluation model for this asset class. Assume the transaction has commercial substance.

How should R&R record, in part, the land revaluation in December 20X5?

a) Debit revaluation loss for $500

b) Debit revaluation loss for $8,000

c) Debit revaluation surplus for $8,000

d) Credit revaluation surplus for $2,000

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In march 2014 andrew thorne acquired a four unit apartment building at a cost of $875,000. Of this total, it is estimated that the land on which the building is situated is worth $185,000. The units in the apartment are similar in size and for purposes of allocation to a CCA class, the property is considered to be a single asset.

Two of the units will be rented on a furnished basis. To this end, Andrew has acquired furniture at a cost of $43,000.

During April 2014, all of the units were rented for the remainder of the year. For this year, the units generated rents of $63,600 and expenses, other than CCA, of $23,400 were incurred.

In July 2015, the tenants in both of the furnished units terminate their leases, and move out. Because he is unable to find tenants who are interested in furnished units, the two units remain empty for three months. Given this situation, Andrew sells all of the furniture for $31,000.

During 2015, the units generate rents f $54,500. Expenses for the year, other than CCA, total $29,400.

Andrew deducts the maximum CCA allowable in both 2014 and 2015.

Required: Calculate the Net Rental income for each of the two years 2014 and 2015. Also, determine his UCC balances on January 1, 2016. Include in your solution and tax consequences associated with the sale of the furniture.

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In many states, political power is concentrated in the hands of few wealthy elites. Imagine you belong to a group that is losing its traditional freedom or quality of life due to government policies but feel that your political representatives are unwilling or unable to defend your interests. Would you challenge the state authorities or accept your degenerating condition without public protest? Why or why not?

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