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Margaret visits her local butcher, Chops Ltd, and buys 1 kg of Chops Ltd's own sausages, a pork pie bought in by Chops Ltd from a local pie manufacturer and 500 g of extra-lean minced beef, which is 25 per cent more expensive than ordinary minced beef. When Margaret and her family eat the food over the next few days they discover a piece of glass in one of the sausages, penicillin mould growing on the crust of the pork pie, and that there appears to be an excessive amount of fat in the minced beef.
a) Discuss the criminal liability of Chops Ltd and the local pie manufacturer.
b) What defences may be available to Chops Ltd and the pie manufacturer if they are prosecuted?
c) Advise Margaret about any civil action she may be able to bring against Chops Ltd and/or the pie manufacturer.
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Compute the depreciation on this tugboat in 2014 and 2015 using the following methods. Apply the half-year convention. (If necessary, round to the nearest dollar.)
IBM’s stock is currently selling at $ 11.44. This year the firm had earnings per share of $2.80 and the current dividend is $ 0.68. Earnings are expected to grow 7% a year in the foreseeable future. The risk free rate is 10 percent and the expected m..
Your father is 50 years old and will retire in 10 years. He expects to live for 25 years after he retires, until he is 85. He wants a fixed retirement income that has the same purchasing power at the time he retires as $55,000 has today. You borrow $..
Find the duration of a 6% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 6.7%. What is the duration if the yield to maturity is 10.7%?
A sample of 25 patients in a doctors's office showed that they had to wait an average of 35 minutes with a sample standard deviation of 10 minutes before they could see the doctor. Contrast a 95% confidence interval estimate for the average waiting t..
You have 100 business clients who own businesses that you insure against floods. The probability density function of the number of claims k per year for these 100 clients when rainfall is at or below average (which happens 50% of the time) is describ..
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