An industrial park is being planned for a tract of land near the river. To prevent flood damage to the industrial buildings that will be built on this low-lying land, an earthen embankment can be constructed. The height of the embankment will be determined by an economic analysis of the costs and benefits. The following data has been gathered: Embankment Height Above Roadway (m) 2.0 Initial Cost $100,000
Embankment Height Above Roadway (m) 2.5 Initial Cost $165,000
Embankment Height Above Roadway (m) 3.0 Initial Cost $300,000
Embankment Height Above Roadway (m) 3.5 Initial Cost $400,000
Embankment Height Above Roadway (m) 4.0 Initial Cost $550,000
Flood Level Above Roadway (m) 2.0 Average Frequency that Flood Level Will Exceed Height: Once in 3 years
Flood Level Above Roadway (m) 2.5 Average Frequency that Flood Level Will Exceed Height: Once in 8 years
Flood Level Above Roadway (m) 3.0 Average Frequency that Flood Level Will Exceed Height: Once in 25 years
Flood Level Above Roadway (m) 3.5 Average Frequency that Flood Level Will Exceed Height: Once in 50 years
Flood Level Above Roadway (m) 4.0 Average Frequency that Flood Level Will Exceed Height: Once in 100 years

The embankment can be expected to last 50 years and will require no maintenance. Whenever the flood water flows over the embankment, $300,000 of damage occurs.

a. Should the embankment be built?
b. If so, to which of the five heights above the roadway? A 12% rate of return is required.

mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?

Cooper sues company a in state court in south carolina, where he lives, for negligence alleging personal injury and property damage of $100,000 after a truck driven by an employee of company a rear-ended his pickup truck. company a is incorporated in delaware, has its headquarters in new york, but does a substantial amount of business in south carolina. claiming diversity of citizenship, company a seeks removal to federal district court, but cooper opposes the motion. which of the following is true regarding whether the case may be properly removed to federal district court? the amount in controversy satisfies diversity requirements; and if company a's nerve center is in a state other than south carolina, then the case may be properly removed to federal court.the amount in controversy satisfies diversity requirements; and because company a is incorporated and has its headquarters in a state other than south carolina, the case may be properly removed to federal court.because the amount in controversy satisfies diversity requirements and company a is incorporated in a state other than south carolina, the case may be properly removed to federal court regardless of where company a's headquarters, nerve center, or principal place of business is located.because the amount in controversy satisfies diversity requirements and company a is headquartered in a state other than south carolina, the case may be properly removed to federal court regardless of where company a is incorporated and regardless of the location of its nerve center.because the amount in controversy fails to satisfy jurisdictional requirements, regardless of the location of company a, the case may not be removed to federal court.

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.