## Introduction

Introduction

This assignment is based on the following scenario. Jane owns a condo, which she lists for sale for \$300,000. On April 1, Michael offers Jane \$280,000 for the condo. On April 5, Jane has delivered to Michael at his office a form that includes additional terms but does not state a price. At 9 A.M. on April 6, Michael signs the form and gives it to Karla, his administrative assistant, with instructions to mail it. At 10 A.M., Jane calls to tell Michael that the deal is off. The next day, Karla mails the signed form to Jane. When Jane refuses to sell the condo to Michael, he files a suit against her, alleging breach of contract. Jane claims that there was no contract.
Questions:
1) Is Michael’s April 1 offer of \$280k an offer or a counter-offer?

2) Is Jane’s April 5 counter-offer considered definite even without stating a price?

3) What arguments will support Michael’s position?

4) What arguments will support Jane’s position?

5) Explain what a court is likely to decide.

## Net Revenue

Scenario 1: Net Revenue Scenario
Your clinic provides four kinds of services:
Comprehensive initial medical consultation is priced at \$250
Established patient limited visit is priced at \$75
Established patient intermediate visit is priced at \$125
Established patient comprehensive visit is priced at \$250
Question: The profile of your patients is such that the average collection rate is 75%. Assuming you have 100 visits of each type each month, what amount of new revenue will you generate in the next 12 months?

## File79

1) Find all solutions to 2sin(θ)=-√2 on the interval 0≤θ<2π
2)Find all solutions to 2cos(θ)=-√2 on the interval 0≤θ<2π
1) A political candidate has asked you to conduct a poll to determine what percentage of people support her.

If the candidate only wants a 9% margin of error at a 90% confidence level, what size of sample is needed?

2)Karen wants to advertise how many chocolate chips are in each Big Chip cookie at her bakery. She randomly selects a sample of 52 cookies and finds that the number of chocolate chips per cookie in the sample has a mean of 5.3 and a standard deviation of 2.7. What is the 80% confidence interval for the number of chocolate chips per cookie for Big Chip cookies? Enter your answers accurate to one decimal place (because the sample statistics are reported accurate to one decimal place).

## Janie graduates from high school in 2015

Janie graduates from high school in 2015 and enrolls in college in the fall. Her parents (who file a joint return) pay \$4,000 for her tuition and fees.

a. Assuming Janie’s parents have AGI of \$170,000, what is the American Opportunity tax credit they can claim for Janie?