IN Class Assignment 3

CASE: The Chipotle Mexican Grill In 1993, Steve Ells opened a burrito-and-taco restaurant in a Denver storefront, not far from the University of Denver campus and popular with students.  He named it Chipotle Mexican Grill, after the dried pepper common in Mexican cooking.  A trained chef and and graduate of the Culinary Institute of America, Steve's idea was for Chipotle to be a cash cow to help him finance a "real" upscale restaurant. Chipotle, however, began branching out: first to several locations in an around Denver, then eventually nationwide.  In 1998, McDonald's bought a 91% stake in Chipotle, this was followed by a 2006 initial public offering in which McDonald's retained 69% of the stock and 88% of voting rights.  By the end of 2005, there were about 500 Chipotle outlets generating approximately $600 million in sales annually.  Currently, about 15,000 people are employed by Chipotle.  Steve Ells still serves as the chairman and CEO. What accounts for the success?  For…

0 1) John emailed Jane enquiring if she is willing to sell her prized breeding dog Max to him. John is currently seeking to boost his stock of breeding dogs and knows the quality of breeding dogs that Jane currently has. He pointed out in his email to Jane, that if she agrees, for her to email to him the price she is willing to sell Max for. Jane subsequently emailed John and stated, "The lowest price she is willing to accept for any of her dog Max is $10,000". John replied immediately that he agreed to buy Max for the $10,000. The next day John visited Jane with the $10,000 and to collect his dog. However, Jane refused to give him Max. John thereafter took legal action against Jane, because he was of the view that he had a valid agreement for the purchase of Max. Advised Jane on whether or not a valid agreement existed between John and her.

Read and analyze the following situation: Pedro Pérez visits the ABCD car dealership to purchase a truck to transport bananas. The cost of the vehicle is $30,000.00.In order to acquire the vehicle, Pedro Pérez seeks financing with Bank XYZ.If Pedro Pérez does not pay Bank XYZ, said bank may take away the vehicle.Once Pedro Pérez acquires the vehicle, he uses it to transport the bananas, from the property of farmer Juan Buenagricultor, to the market square. For this management, Pedro Pérez charges him $500.00 for each trip.The sale of Juan Buenagricultor's bananas in the market square is managed by Juan del Rey. Juan del Rey is in charge of selling Juan Buenagricultor's bananas in exchange for a commission of 5% of the sale amount.2. In a writing, he answers the following premises: Identify and classify each of the contracts that are structured in this situation.Identify and explain at least two (2) similarities and differences between the contracts identified in the exercise.

6. From taking care of risk perspective what should be done if the Impact of risk is high and likelihood of risk is low? A. Terminate B. Transfer C. Take more D. Communi cate 7. From taking care of risk perspective what should be done if the Impact of risk is low and likelihood of risk is low? A. Terminate B. Transfer С. Тake more D. Communi cate 8. The National Audit Office's report, Supporting Innovation: Managing Risk in Government Departments, mentions the risks that are most commonly identified by dep choice possible) A. Operational risk nt: financial risk, project risk, reputation-risks to and . (multiple ....... В. Market risk C. Missing an D. Complianc e risk opportunity risk

SCENERIO 2: Merchant A transferred her restaurant (her commercial enterprise) to B on 10.06.2020. After the transfer of the enterprise to B, C submitted that he provided 10000 bottles of Coco-Cola to the restaurant before the transfer of the enterprise and the payment date for these drinks was on 05.05.2020. C also submitted that no payment was made to himself by A. QUESTION 2: According to the scenario 2 given above, choose the correct statement among followings: A) Since the payment date for the drinks was before the date of the transfer of the commercial enterprise in other words since the debt arose before the date of the transfer of the commercial enterprise, C can claim the payment for drinks only from A. B) B's liability for the debt related to commercial enterprise is limited with those which arise after the date of the transfer of the commercial enterprise C) Liability of A for the debt against C are limited with two years period of time. D) A and Bare jointly liable for the…

Robert uses a portion of Eric's property in such a manner that he's five years away from adversely possessing the property. Eric sells his property to Kelsey. The effect on the possible adverse possession is: Question 1 options: it cancels the possible adverse possession claim nothing, but only if Robert has told Kelsey of the possible adverse possession of the property nothing, but only if Robert has told Kelsey of the possible adverse possession claim AND Eric consents it starts the running of the clock for adverse possession all over again nothing

In June 193, Kombs Engineering had grown to a company with $25 million in sales. The business base consisted of two contracts withe U.S Department of Energy (DOE), one for $15 milon and one for $8 milon. The remaining $2 mil-lion consisted of a variety of smaller jobs for $15,000 to $50,000 each. The larger contract with DOE was a five-year contract for $15 million per year. The contract was awarded in 1998 and was up for renewal in 1993. DOE had made it clear that, although they were very pleased with the technical perfomance of Kombs, the follow-on contract must go through competitive biding by law. Marketing inteligence indicated tha DOE intended to spend $10 million per year for five years on the follow-on contract with a tentative award date of October 1993. On June 21, 1993, the solictation for proposal was recieved at Kombs. The technical requirements of the proposal request were not considered to be a problem for Kombs. There was no question in anyone’s mind that on technical…

19 A mortgage loan where the consumer has the right of rescission is consummated during work hours on Monday, in a week with no holidays. On what day and by what time is the borrower required to send written notice if they want to rescind the loan? A)Wednesday, by midnight B) Thursday, during business hours C) Thursday, by midnight D) Friday, during business hours

George has three children from a prior marriage and marries Wendy who moves into the family home.  Wendy has no children, and George and Wendy have no children together. George on his death plans to leave the family home to his children, but would like to provide for Wendy should she survive him including giving her continued rights to reside in what has become her family home too until she passes away. Of the following alternatives what might you suggest as being the most appropriate to accommodate for this？ For George under his Will to grant to Wendy a permanent right of occupation of the family home For George under his Will to grant to Wendy a life interest in the family home For George under his Will to gift the home to Wendy, with the promise that Wendy will on her death leave the home to George's children

1. The kickback is a form of fraud often associated with purchasing. Most organizations expect their purchasing agents to select the vendor that provides the best products at the lowest price. To influence the purchasing agent in his or her decision, vendors may grant the agent financial favors (cash, presents, football tickets, and so on). This activity can result in orders being placed with vendors that supply inferior products or charge excessive prices. Required: Describe the controls that an organization can employ to deal with kickbacks. Classify each control as either preventive, detective, or corrective.    2. A recent survey of institutional investors reveals that most of them want corporate boards to be composed of at least 75 percent independent directors. Required: Write an essay explaining why director independence has become such a high-profile issue and one of great importance.

13. Sam Fraser, 24 years of age and single, possesses a two-year-old vehicle which he drives to work (a distance of 7(1/2) miles, full circle). He keeps the vehicle in 03 region, and has had one auto crash during the previous three years. What amount would Sam save money on a mix of $100-deductible impact and thorough inclusion on the off chance that he drove a vehicle delegated image 1 instead of as image 5? We don't know whether Sam has had driver preparing.

Your client John Smith ensures his condominium through the office for a comprehensive form subject to a $200 deductible. He calls in a fire damage claim the damage is estimated to be $750 to replace a dishwasher $1000 for the marble countertop and $250 to clean the cabinets how much will he recover under this policy?

Peggy had an oral contract with Bill to locate desirable real estate that she could use for rental property. Peggy stated she wanted to find condos that could be purchased for under $300,000 that could be rented for at least $2,000 per month per unit. Bill located a new condo unit that could be purchased for $260,000 and was renting for $2,200 per unit. Bill noted that the units were new and a great deal, and he bought a unit for himself. About a month later, Bill found a second property that was listed for $250,000 and rented for $2,300 per unit. Bill told Peggy about this second property and not the first property, and Peggy purchased the second property. Afterward, Peggy learned that Bill had bought the $260,000 condo without telling her about it. Peggy believes that Bill has acted improperly. Bill claims that he did what Peggy asked -- he found a property for under $300,000 that rented for $2,000 per unit. Bill argues that he did not tell Peggy about the first condo because the…

1. Klara started working at a deli shop on April 1, 2020. On October 19, 2020 she informed her employer that she is pregnant and is due on February 1, 2021. Her employer informed her that they are not able to provide her any paid time off since it is a very small shop. They will, however, provide her with unpaid time off if she needs it. She has indicated that she would like to take her pregnancy leave starting November 2. Klara is concerned that the deli is hiring someone to replace her when she is on her leave. Which of the following is true: A. Klara has a right to her job back when her leave is over unless the position no longer exists for reasons other than Klara taking a leave. B. Klara is entitled to 17 weeks of pregnancy leave and up to 78 weeks of maternal leave.  C. Klara is entitled to 17 weeks of pregnancy leave but all of her pregnancy leave Thust be taken before the birth of her baby D. Klara is entitled to 17 weeks of pregnancy leave and 63 weeks of parental leave.  2.…

Hurry, please: 31. As discussed in "Does Philosophy Still Matter?", what does Hershovitz say is the significance of the Alcorn v. Mitchell decision?

H4. In a construction contract, there is a $1000 per day estimate of damages for each day that the contract runs over the completion date. The contractor is 30 days late when the job is completed, resulting in a prospective damage award of $30,000. What is this type of clause, and when will it be enforced?  Please show all calculation

For a disposal group to be considered held for sale, which of the following conditions are required to be met?   Management has committed to a plan to see the component.   The sale is probable and is expected to be completed within one year.   The component is available for immediate sale in its present condition subject only to usual and customary terms for such sales.   All of these conditions must be met.

b) Johnson is an estate agent and he has been asked by his client to sell for him three products A,B and C.He agrees to pay him 5% commission on each sale and specifies certain conditions: the state agent must sell property A first within 60 days. If and when A is sold, the agent receives a commision on that sale. He can then either back out at this stage or nominate and try to sell one of the remaining two properties within 60 days. If he does not succeed in selling the nominated property at that period,he is not given the opportunity to sell the other. If he does sell it in that period, he is given the opportunity to sell the third property on the same conditions. The following table summarises the prices, selling costs (incurred by the sales agent whenever a sale is made) and the estate agent's estimated probability of making a sale. Property i. ii. A B price of property 12,000 C 25,000 50,000 selling costs probability of sale 400 225 0.7 ( 0.6 0.5 450 Draw up an appropriate…

Steve was hired to paint the outside of Denise's house for a price of $1500. Steve showed up everyday to paint and the job was completed in about three weeks. He told Denise he would come- to pick up his payment on Thursday. On Wednesday, Denise me py noticed that one of the spots on the back of the house needed to re-done because it looked messy. When Steve asked for payment Denise refused to pay him anything telling him that he did a messy job and he would have to sue her. Steve is entitled to payment under a theory of subjective contracts. Denise will win because Steve breached the contract. Steve is entitled to payment under a theory of substantial performance. Denise will win and not have to pay anything.

SLO 9.2. Expediting: May be caused by the buyer or the supplierIs caused by buyer behavior onlyIs caused by supplier behavior onlyMay be the result of legal noncomplianceIs a routine order tracking process SLO 10.1. Radio frequency identification (RFID) will: Eliminate bar coding and manual countingEliminate further investment in information technologySupplement bar coding to reduce theftBe more cost effective to implement than bar codingImprove data capture but slow down inventory picking

What are the principle guidelines to recognize the risk s at the risk management?

1. An infant beneficiary receives a distribution of income from a deceased estate, a testamentary trust and a family trust.  Which of the following is correct: The distribution from the deceased estate will be taxed the most The distribution from the testamentary trust will be taxed the most The distribution from the family trust will be taxed the most The distributions from the deceased estate and from the testamentary trust will be taxed the most The distributions under the deceased estate, the testamentary trust and the family trust will all be taxed the same   2. An individual is concerned that his Will might be contested following his death, or that the assets forming part of his estate might be available to his creditors in the event that he might die insolvent.  Would you suggest to the individual that he serve a binding death benefit nomination on the trustees of the superfund in which their superannuation is managed? Yes     No      Either way, for it makes no difference

Nathalie's house has increased in value due to modification. Which of these most likely describes why this happened to Nathalie's property? It had a nonconforming use, but she was issued a variance. A park and several restaurants were recently built nearby. She refinanced her mortgage. The house is in a desirable geographic location with great views.

Warren is a manager employed by Upbeat Pty Limited under a seven year contract. His employment package consists of the following: annual salary of $100,000 payable monthly; (ii) reimbursement of all medical expenses for himself and his family upon production of receipts; (iii) a loan at interest rate 7.5% below market rates to assist in the purchase of his home – the loan is provided by a bank that is a client of Upbeat Pty Limited who is prepared to offer a home mortgage at 7.5% below market rates to employees of Upbeat Pty Limited provided the latter goes guarantor; (iv) an all expenses paid surfing holiday to Bali for himself and his family each year (if he wishes it). At Easter 2009 Upbeat Pty Limited provides a “Bunny” hamper to Warren. As he is a more senior employee the hamper includes 7 bottles of imported Mexican wine. During the relevant year of income Warren successfully completes a postgraduate university qualification in stockbroking and is awarded a university prize of…

Identify the type of contractual clauses in the following scenarios. 1. Tshepo pays for his sister’s university fees, however if she fails any modules he will no longer pay for her fees. 2. Anisha allows Alex to use her car for a period of two months, after which he must return it to her.

In 2022, Ellen and Ed, married filing jointly, had $10,000 mortgage interest, $2,000 real estate taxes, $2,000 state income tax, and medical expenses of $2,000. Assuming they had an adjusted gross income of $50,000, which of the following is TRUE? Question 12Select one: a. They should take a standard deduction of $24,000. b. They should take a standard deduction of $12,000 c. They should take an itemized deduction of $14,000. d. They should take an itemized deduction of $16,000.

Athena Ari stotle operates a retail clothing storein West Vancouver. The store is located on thebottom floor of a building owned by Athena.One of Athena's friends rents the top floor for aresidence. Recently, Athena suffered majorproperty damage when a three-alarm firedestroyed her building. The cause of the fire isnot known, although faulty wiring is suspected.As a result of the fire, Athena is required totemporarily move her retail operations to anearby location. Her friend has to find a newplace to live."' What type of insurance coveragewill respond to Athena's loss? Assume Athenadiscovers that she is not covered for the fullextent of her losses. Must Athena absorb theuninsured portion of the loss, or does Athenahave any other options? Explain. What stepsshould Athena take to ensure that she hasoptimal insurance coverage?

On January 2, 2019, Epson Company signed an 8-year non-cancellable lease for a new machine, requiring P120,000 annual payments at the beginning of each year. The machine has an estimated life of 12 years, with no salvage value. Title passes to Epson at the lease expiration date. Epson uses straight-line method of depreciation for all of its plant asses. Aggregate lease payments have a present value on January 2, 2017, of P864,000 based on an appropriate rate of interest. For 2018, how much should Epson record as depreciation expense for the leased machine?

Solve the attahment.

Under the assumptions of newsvendor model for an item, when the selling price is $50, the purchase price is $20, the salvage value is $10, and the cost of loss of goodwill is $15 (all the costs are per item), the cost of underage would be a) $40. b) $45. c) $30. d) $10.

Define resolution, what is (are) the type(s) of resolution?