Mike is walking down the street minding his own business when he is stopped by a police officer. although no crimes have been reported in the area and mike has done nothing suspicious, the policer officer doesn't like the looks of mike so he conducts a pat-down search and finds a tiny bag of marijuana. under these circumstances, this is: a. an illegal search under 4th amendment protectionsb. an illegal search under fifth amendment protectionsc. a legal search because illegal drugs were found, justifying the police officer's actionsd. a legal search because police are given broad discretion to use their experience to fight crime and obviously the police officer was right in this case

Morris borrowed $9,000 from a credit union at 13% simple interest for 42 months. what were his money installment payments?

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.