An athletic team wants to build a new sports arena in the middle of the downtown area. The team has bought enough land for the stadium, but needs more land to build an adjacent parking lot. The team asks the city to take the necessary property from the residents and transfer it to the team so they can build the arena. Would it be lawful for the city to do so? If so, how? If not, why not?
A town wants to build a new bridge. Construction firms will submit sealed bids. The town will award the contract to the firm that submits the lowest bid and will pay the firm the amount of the second lowest bid (that is, the town will conduct a second-price procurement auction). So, for example, if...
The Federal Parcel Service wants to build a new distribution center in Charlotte, North Carolina. The center needs to be in the vicinity of uncongested Interstate-77 and Interstate-85 interchanges, and the Charlotte-Douglas International Airport. The coordinates of these three sites and the number...
The city of Johnstown decides to build a new stadium to attract a basketball team from the city of Rosendale. One economic advisor suggests that the stadium should be financed by a 2-year sales tax of 10%, while another advisor suggests that the stadium should be financed with a 20-year sales tax...
The current price of a stock is $100. A 1-year option on this stock has a strike price of $100.(a) Find the price of this option using the Black-Scholes model given that the risk-free rate is 5% and that the variance of the stock return is 0.20.(b) Find the price of the option using the binomial...
The operations manager at Sebago Manufacturing is considering three proposals for supplying a critical component for its new line of electric watercraft. Proposal one is to purchase the component, proposal two is make the component in-house using rebuilt equipment, and proposal three is to purchase...
The SAT scores of randomly selected applicants to colleges. Qualitative versus Quantitative Data. In Exercises, determine whether the data described are qualitative or quantitative,and explain why?
Lincoln Company purchased merchandise from Grandville Corp. on September 30, 2011. Payment was made in the form of a noninterest-bearing note requiring Lincoln to make six annual payments of $5,000 on each September 30, beginning on September 30, 2014.Required:Calculate the amount at which Lincoln...
2021 2020 2019 2018 $ 237, 804 124,808 2017 $ 671,445 351,601 32,431 $ 433,190 $ 350,761 185,646 24,097 Sales Cost of goods sold Accounts receivable 226,859 25,255 $ 178, 800 92,976 12,248 13,959 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three...
The plaintiff owned land in an area zoned for buildable private parks. The city rezoned the land to allow only parks open to the public. This rezoning effectively prohibited the plaintiff from generating any sort of income from the land. Was the plaintiff correct in his contention that this...
Judy worked the morning shift at Wild Oats. She bought a Pepsi but got too busy to drink it, so she left it on a shelf behind the counter to drink the next day. Cindy was working that afternoon. She got thirsty and asked her coworkers if the Pepsi belonged to any of them. When no one claimed it,...