Reference no: EM13199323
Landis Lubber, a resident of Indiana, inherited 15 acres of land in New Jersey from her Aunt Snookie. She decided to sell the property to Jersey Shore, Inc. for the sum of $1,000,000. Jersey Shore, Inc, entered into a contract with Landis Lubber for the purchase of the above property on March 1, 2007. As part of the contract, Ms. Lubber provided owner financing by accepting a $100,00 down payment from Jersey Shore, Inc. and agreeing to receive the reamining $900,00 in monthly installments over a 10-year period. On September 2, 2007, the New Jersey Environmental Board designated a large area of land as preserved wetlands, barring commercial develoment of any type for a 5 yr period. The re-zoning would become effective April 1, 2008. The preserved wetlands included the property sold by Landis Lubber to Jersey Shore, Inc, On September 15, 2007, Jersey Shore Inc., upon learning of the board's decision, sent a letter to Landis Lubber, stating that it intended to stop making its monthly payments for the land after April 1, 2008 due to the board's decision to re-zone the land as preserved wetlands. Landis Lubber comes toyour firm;s office on September 18, 2007, for advice on this "Situation."
|
Explain when constructing persuasive speech
: When constructing your persuasive speech, you should consider the audience's point of view through careful analysis. What should you do if the audience disagrees with your position?
|
|
Write a polynomial that gives its area
: A Norman window is shaped like a rectangle whose length is twice its width, surmounted by a semi-circle. Write a polynomial that gives its area.
|
|
What would it take to reduce the overall demand for gasoline
: ut as gasoline prices soar and concern about the environment mounts, the need to conserve gasoline has become increasingly clear. What would it take to reduce the overall demand for gasoline in the United States
|
|
Implementation of third-degree price discrimination
: Suppose a manager is interested in implementing third-degree price discrimination.The manager knows that the price elasticity of demand for Group 1 is -2 and the price elasticity of demand for Group 2 is -1.2.
|
|
Explain environmental board designated a large area of land
: the New Jersey Environmental Board designated a large area of land as preserved wetlands, barring commercial develoment of any type for a 5 yr period. The re-zoning would become effective April 1, 2008. The preserved wetlands included the property..
|
|
How high will the ball go
: A ball is thrown vertically upwards from a height of 5 ft with an initial velocity of 50 ftper second. How high will the ball go?
|
|
Should the airline carry freight for the local firm
: Suppose the airline is offered $4,000 per week to haul freight along the route for a local firm. This will mean replacing one of the weekly passenger flights with a freight flight (at the same operating cost).
|
|
What is the standard deviation of the weights
: If the average (mean) mid-twenties male weighs 169 pounds and a weight of 148 is in the 31st percentile, what is the standard deviation of the weights in this age group? Round the answer to 2 decimal places.
|
|
Find the asset value of the company
: Suppose MDIS's cost of debt is 12%, and its WACC is approximately the same as the average WACC of the comparator companies. Calculate MDIS's. cost of equity
|