In October 2006, America's Wholesale Lender (AWL) agreed to loan John Horvath $650,000. The
loan was stated in an interest-only, fixed-rate note
and was secured by a deed of trust on Horvath's
home. In exchange for the $650,000, Horvath
agreed to repay AWL in monthly installments rang-
ing from about $3,000 to $5,000. The note allowed
AWL (and any subsequent holder) to freely transfer
the note. In fact, the note provided for "anyone who
takes this Note by transfer” to inherit the powers
of the “Note Holder," including the right to accel-
erate payment in the event that Horvath defaulted.
Any party who took the note would have the right
to enforce it. In 2009, the note was transferred to
Bank of New York, and a little over a half year later,
Horvath defaulted. His property was foreclosed on,
and then he proceeded to sue. Was Horvath right
in suing? Why or why not, based on the wording of
the note? [Horvath v. Bank of NY, 641 F.3d 617, 2011
U. S. App. LEXIS 10152.]

Gino's restaurant is a popular restaurant in boston, massachusetts. the owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. the intern, in consultation with the owner, identified the following major activities: activity cost pool activity measure serving a party of diners number of parties served serving a diner number of diners served serving drinks number of drinks ordered some costs, such as the cost of cleaning the linens that cover the restaurant's tables, vary with the number of parties served. other costs, such as washing plates and glasses, depends on the number of diners served or the number of drinks served. data concerning these activities are shown below. serving a party serving a dinner serving drinks total total cost $47,600 $153,000 $59,800 $260,400 total activity 7,000 parties 30,000 diners 46,000 drinks prior to the activity-based costing study, the owner knew very little about the costs of the restaurant. she knew that the total cost for the month was $260,400 and that 30,000 diners had been served. therefore, the average cost per diner was $8.68.required: 1. compute the activity rates for each of the three activities 2. according to the activity-based costing system, what is the total cost of serving each of the following parties of diners? a. a party of four diners who ordered three drinks in total b. a party of two diners who do not order any drinks c. a lone diner who orders two drinks 3. convert the total costs you computed in part (1) above to costs per diner. in other words, what is the average cost per diner for serving each of the following parties: a. a party of four diners who order three drinks in total b. a party of two diner who do not order any drinks c. a lone diner who orders two drinks 4. why do the costs per diner for the three different parties differ from each other and from the overall average coast of $9.80 per diner?

What should a food worker use to retrieve ice from an ice machine?

The uptowner just paid an annual dividend of $4.12. the company has a policy of increasing the dividend by 2.5 percent annually. you would like to purchase shares of stock in this firm but realize that you will not have the funds to do so for another four years. if you require a rate of return of 16.7 percent, how much will you be willing to pay per share when you can afford to make this investment?