Question:

The Westhouser Paper Company in the state of Washington currently has an option to purchase a piece of land with good timber forest on it. It is now May 1, and the current price of the land is $2.2 million. Westhouser does not actually need the timber from this land until the beginning of July, but its top executives fear that another company might buy the land between now and the beginning of July. They assess that there is 1 chance out of 20 that a competitor will buy the land during May. If this does not occur, they assess that there is 1 chance out of 10 that the competitor will buy the land during June. If Westhouser does not take advantage of its current option, it can attempt to buy the land at the beginning of June or the beginning of July, provided that it is still available.

Westhouser's incentive for delaying the purchase is that its financial experts believe there is a good chance that the price of the land will fall significantly in one or both of the next two months. They assess the possible price decreases and their probabilities in Tables 1 and 2. Table 1 shows the probabilities of the possible price decreases during May. Table 2 shows the conditional probabilities of the possible price decreases in June, given the price decrease in May. For example, if the price decrease in May is $60,000, then the possible price decreases in June are $0, $30,000, and $60,000 with respective probabilities 0.6, 0.2, and 0.2.

If Westhouser purchases the land, it believes that it can gross $3 million. (This does not count the cost of purchasing the land.) But if it does not purchase the land, it believes that it can make $650,000 from alternative investments. What should the company do?

Question 15 (1 point) v' Saved A promoter that enters into pre-incorporation contracts is personally liable unless the corporation assumes liability via contract after incorporation Question 16 (1 point) ~/ Saved Sue is negotiating a contract to become CEO of June, Inc. Sue wants to know if there is any protection she should negotiate to protect her personal assets. Which of the below will NOT protect Sue with reference to personal liability as a CEO? 0 Exculpatory clause 6) Business Judgment Rule O D & 0 Insurance O Piercing the Corporate Veil Question 17 (1 point) v' Saved Shareholder must approve any fundamental changes affecting the corporation. Red Reached $100,000 cash from former Low partning Deposited $:0,000 cash in a now tuningis bank account titled Jerry Ford, Attorney Paid $300 cash for letterhead stationery for the new law office. 7 Purchased office furniture for the law office. Ford agreed to pay the Account payable. $7,000, within } months. 10 Sold 500 shares of Intel stock, which he had owned for several 11 Deposited the $75,010 cash from sale of the level stock in his personal bank account 12 Areparentabove al a large company telephoned Ford and told him of the company's intention to transfer its legal business to Jerry Ford, Attorney 18 Finished court hearings on behalf of a client and submitted a bill for legal service, $50010, Ford expected to collect from this client within Pald office rent. $1,000 Withdrew $10 000 cash from the business for personal useQUESTION 9 What areas of the legal environment of business are covered by treaties? O Product safety O Intellectual property rights O Human rights and global security Competition law QUESTION 10 Businesses tend to see law in a negative light because: The law creates obligations for society as a whole The law levels the playing field between companies The law constrains business activities The law allows businesses to be eligible for public fundingThe phenotype which is dominant is Veil tail because we are getting more progeny that are acquiring this character. The 9% progeny expected to be hetero zygous are -100% Now let us take that the long drop, veil tail fishes are having genotype TT ( for the pure breeding fishes) Short rounded tail fishes having genotype - tt If we cross them- TTx tt Result- Tt Tt Tt Tt - F1 generation ( all our veil tailed fish) All will be Heterozygous. Now for F2 generation we will cross F1 gametes Tt x Tt TT Tt Tt tt- F2 generation % of F2 round- talled fishes are expected to be Heterozygous Is 0% because round tall Is a recessive character and It could be recessive until both the genes are same le. small t. So It couldn't be Heterozygous. 9% of F2 vell talled fishes which are expected to be Heterozygous - 50% [ In terms of the cross] Because 50% of fishes of F2 are Heterozygous and vell talled. ( This ratio Is as per the cross, not per the number of vell tailed and round talled fishes that given In the content above]