Assessment task details and instructions You should address the following question: -"As law firms have grown in size and reach, and as institutional clients have adopted the practice of engaging lawyers from a variety of firms on a case-by-case rather than a general retainer basis, the rule has become increasingly out-of-touch with the realities of modern law practice".-Daniel Bussel, 'No Conflict,' Georgetown Journal of Legal Ethics (2012)Critically assess in whether the law relating to conflict of interest needs to be amended. Please note that higher marks are awarded for depth of analysis. You will need to consider the historical basis of the rule the current law with any relevant case law and whether the law maintains the correct balance between lawyer and client. There is no right or wrong answer. It is the quality of your analysis which will generate the higher marks.Assessed intended learning outcomesOn successful completion of this assessment, you will be able to: -Knowledge and Understanding 1.To understand the relevant rules and issues governing the relationship with the client in the context of the principles relating to confidentiality. 2.To understand more of the relevant professional requirements of client care communications. 3.To demonstrate a knowledge of the dangers facing lawyers who breach confidentiality principles. Practical, Professional or Subject Specific Skills1. To be able to apply the duties relating to confidentiality in practice in a legal context.2. To recognize the risk for lawyers in potential, practical confidentiality situations.3. To identify the necessary steps to be taken to avoid liability in confidentiality matters. Transferable Skills and other Attributes 1.To demonstrate the ability to write in a clear and unambiguous manner using correct terminology. 2.Structure opinions on client care issues in a legal environment that are objectiveand ethical. 3.Ability to concise and comprehensive report on a key issue facingorganisations.4.Analytical and problem-solving abilities.Assessment Criteria0-39 Demonstrates little understanding of the basics and little evidence of wider reading. Poor ability to apply knowledge or focus on the assignment question. Little or no awareness of recent research findings, limited ability to critically evaluate concepts and abstract principles, and no originality in addressing business problems.40-49 Displays understanding of the basics with evidence of some appropriate reading. A lack the ability to develop a well- structured argument which is sufficiently focused on the assignment is evidenced. Limited knowledge of recent research findings with limited ability to critically evaluate concepts and abstract principles is revealed with little or no originality in addressing business problems.50-59 An understanding of a complex body of knowledge and the ability to synthesis knowledge from a range of appropriate sources is demonstrated. An ability to apply knowledge to specific scenarios in an appropriate manner is shown as is an ability to develop an argument which is clearly justified and relevant to the task in hand. A grasp of recent research findings is demonstrated as is and a developing maturity in critically evaluating concepts and abstract principles, and limited originality in addressing business problems.60-69 Demonstrates a very good understanding of a complex body of knowledge which is consistently accurate in depth and breadth and the ability to analyse and synthesis knowledge, reflect on the application of theory in practice and to use these skills to develop an argument which is well structured, clearly justified and relevant to the particular circumstances of the situation under consideration with a good identification of key themes. A good grasp of recent research findings shown and demonstrates ability and maturity in critically evaluating concepts and abstract principles in a business context.70 + An excellent understanding of a complex body of knowledge is demonstrated and the ability to use such knowledge with excellent critical analysis skills in evidence. A very good grasp of recent research findings is shown and demonstrates a maturity in critically evaluating concepts and abstract principles, and originality in addressing business problems.

- Show your work. Keep two decimal places to the ratios ~ Utilizing the income statement and balance sheet provided for the month ended December 31, 2017, calculate the 11 ratios to determine the financial strength of Grand Hotel. Revenues: Rooms 780,000 Food 430,000 Telecommunications 40.000 Total Revenues Cost of Sales: Rooms Food 142,000 Telecommunications 30.000 Total Cost of Sales Gross Profit: Rooms 780.000 Food 288,000 Telecommunications 10,000 Total Gross Profit Operating (Controllable) Expenses: ain ann Doumall and Eminlnunn Banafite MYear 2010 Year 2011 Year 2012 Price Quantity Price Quantity Price Quantity Chips $4 100 $4 110 $5 80 Dips $5 50 $4 40 $3 50 Sodas $3 50 $5 60 $5 70 Question 1. GDP [10 Points in Total] a. (3 points) Compute nominal GDP in 2010, 2011, and 2012. [Show your computation work] b. (3 points) Compute real GDP in 2010, 2011, and 2012 (base year method). [Show your computation work] c. (2 points) Compute GDP deflator in 2010, 2011, and 2012. [Show your computation work] d. (2 points) Compute growth rates of nominal GDP and real GDP from 2010 to 2011 and from 2011 to 2012. [Show your computation work] Question 2. Inflation [7 Points in Total] a. (3 points) Compute cost of CPI basket in 2010, 2011, and 2012. [Show your computation work] b. (2 points) Compute CPI in 2010, 2011, and 2012. [Show your computation work] c. (2 point) Compute inflation rates (based on CPI) from 2010 to 2011 and from 2011 to 2012. [Show your computation work] Question 3. Business Cycle [3 Points in Total] a. (2 points) Based on your answers on Question 1 and 2 above, did Aggieland experience an expansion or a recession from 2010 to 2011? How about from 2011 to 2012? Was it at peak or trough or neither in year 2011? b. (1 point) From 2010 to 2011, did Aggieland experience an inflation or deflation? How about from 2011 to 2012?Question 6 10 pts Which of the following statements regarding the balance sheet is INCORRECT? if\" The balance sheet reports long-term debt on the right-hand side. If\" The balance sheet reports the market values of assets, liabilities, and shareholders' equity. f\" The balance sheet provides a snapshot of a rm's nancial position at a given point in time. 5\"\" The balance sheet reports stockholders' equity on the right- hand side. QUESTION 15 which of the following counts as US GDP? 50 Boeing 737 produced in Seattle and sold to Chinese airline Air China 5000 Focus produced by a Ford company in Beijing, China O 10,000 bottles of expensive wine imported from Northern Italy, Brescia, consumed in San Diego 5 million copies of Adele CDs produced in London, and purchased by US Adele fans QUESTION 16 As published by the BEA in September, the Nominal GDP for the second quarter of 2019 is and the real GDP growth rate the second quarter of 2019 is O $ 17.03 trillion, 3% O $ 21.34 trillion, 2.1% C $ 17.03 trillion, 1.2% O $ 19.25 trillion, 1.2%QUESTION 30 1. Table 23-6 The table below contains data for the country of Batterland, which produces only waffles an d pancakes. The base year is 2013. Year Price of Quantity of Price of Quantity of Waffles Waffles Pancakes Pancakes 2010 $2.00 80 $1.00 100 2011 $2.00 100 $2.00 120 2012 $2.00 120 $3.00 150 2013 $4.00 150 $3.00 200 Refer to Table 23-6. In 2010, this country's nominal GDP was $260 $440 $620 $760 QUESTION 31 Sheri, a U.S. citizen, works only in Germany. The value she adds to production in Germany i +'s included in both German GDP and U.S. GDP in German GDP, but is not included in U.S. GDP ET C in U.S. GDP, but is not included in German GDP in neither German GDP nor U.S. GDP QUESTION 32 Disposable personal income is the income that "households have left after paying taxes and non-tax payments to the government businesses have left after paying taxes and non-tax payments to the government households and noncorporate businesses have left after paying taxes and non- tax payments to the government households and businesses have left after paying taxes and non- tax payments to the government QUESTION 33 Gross domestic product adds together many different kinds of goods and services into a singl e measure of the value of economic activity. To do this, GDP makes use of C market prices " statistical estimates of the value of goods and services to consumers. prices based on the assumption that producers make no profits the maximum amount consumers would be willing to pay