1.Jack wants to buy a boat today today but has realised that if he takes out a loan he can only repay $1100 quarterly, with payments made at the beginning of each quarter, over the next 8 years. How much can he spend on his boat today if the interest rate is 14.8% per annum compounded quarterly?

Select one:

a. $21190.34

b. $20434.27

c. $5704.05

d. $4968.69

2.Jenny wants to borrow money from the mortgage company with the lowest effective annual rate (EAR). Which of the following loan offers will meet her objectives:

Select one:

A. 6% compounded daily

B. 6% compounded monthly

C. 6% compounded annually

D. 6% compounded continuously

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Jack suffered a brain injury as a result of hitting his head while waterskiing. One of the problems that developed was that Jack could not pronounce certain words correctly for a long period of time until he had extensive speech therapy and can now speak as he did before his accident. This is an example of the brain’s ______ which allowed the structure and function of his brain cells to change to adjust to the trauma.

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

You are required to read the following case study and prepare a 1,200 (+- 10%) word assignment following the IRAC structure.

Jack Smith the Real Estate Developer

Jack Smith is a real estate developer. He develops residential townhouses in the Dandenong local area. He purchases a large block of land for $2 million and plans to build 50 townhouses on the block at a considerable profit. But Dandenong Council denies his development application on the basis of a road widening proposal that will substantially reduce the size of the block of land. This road widening proposal reduces the value of the block of Jack Smith’s land to $1 million.

Jack Smith obtained a council certificate from Dandenong Council before he purchased the block of land. He reviews the information in the certificate. If the block of land had been subject to a road widening proposal then it should have been disclosed by Dandenong Council in the certificate. There is no such disclosure in the certificate. As Jack Smith didn’t bother to read the certificate before he purchased the land, he is relieved to find the council has made this 

mistake. He secretly knows that if Dandenong Council had been careful and included the road widening disclosure in the certificate, he would not have seen it and gone ahead with the land purchase anyway.

Jack Smith now wants to sue Dandenong Council in negligence for economic loss. Dandenong Council claims that negligence only applies to physical actions, not written words, and is only applicable to physical damage to people or their property, not economic loss.

Advise Jack Smith

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Jack Reese, the new controller of Muckenthaler Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2010. Here are his findings: AccumulatedType of Date Depreciation, (in years) Salvage Value Asset Acquired Cost Jan. 1, 2010 Old Proposed Old ProposedAll assets are depreciated by the straight-line method. Muckenthaler Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Jack’s proposed changes. (The “Proposed” useful life is total life, not remaining life.) (a) Compute the revised annual depreciation on each asset in 2010. (Round to 0 decimal places, i.e. 2,350.) Building $ Warehouse $ (b) Prepare the entry to record depreciation on the building in 2010. Date Account/Description Debit Credit

Jack Reese, the new controller of Muckenthaler Company, has reviewed the expected usefullives and salvage values of selected depreciable assets at the beginning of 2010. Here are hisfindings:…

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"