Metz and desman contracted for metz to build a house for desman on desman's lot according to specifications provided by desman. the contract provided that metz would be paid $125,000 for this. metz unintentionally deviated from the specifications in several minor respects. the house is soundly constructed and metz completed the work within the promised time. desman refused to pay metz any of the $125,000, arguing that the house did not conform to the specifications. in this case:
(a) desman can get a decree of specific performance
(b) metz has no right to be paid for any of his work because he breached the contract
(c) if the court finds that metz has substantially performed, he will be able to recover the contract price less any damages caused by his failure to perform as promised
(d) if the court finds that he substantially performed, metz will be able to recover the contract price less any damages caused to him because of the delay in payment

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented

Which of the following best explains why buying a house is more beneficial than renting? a. buying is a personal investment while renting involves giving money to the landlord. b. the monthly payments on a mortgage are generally lower than rent on an apartment. c. it's easier to sell a house than it is to get a landlord to break a rental agreement. d. housing prices can go up and down quickly in comparison to the level of rents.

Rate of return, standard deviation, coefficient of variation personal finance problem mike is searching for a stock to include in his current stock portfolio. he is interested in hi-tech inc.; he has been impressed with the company's computer products and believes hi-tech is an innovative market player. however, mike realizes that any time you consider a technology stock, risk is a major concern. the rule he follows is to include only securities with a coefficient of variation of returns below 1.07. mike has obtained the following price information for the period 2015 through 2018:hi-tech stock, being growth-oriented, did not pay any dividends during these 4 years. a. calculate the rate of return for each year, 2015 through 2018, for hi-tech stock. b. assume that each year's return is equally probable and calculate the average return over this time period. c. calculate the standard deviation of returns over the past 4 years. (hint: treat this data as a sample.) d. based on b and c determine the coefficient of variation of returns for the security. e. given the calculation in d what should be mike's decision regarding the inclusion of hi-tech stock in his portfolio?