Jim lives in maryland but works in virginia. john lives in virginia but works in maryland. john believes he has been taken advantage of by jim in a business dealing. john has paid jim a down payment to paint his house in virginia. jim promised to start as soon as he could. john has waited for three months and nothing has happened. john has called jim and asked him when he will start the job. jim replied, "i will start as soon as i can." although this is clearly a contract dispute, a number of other issues are raised by this particular case. john has come to you and asked you for advice. using the materials that you have read, what are the things john has to consider in this matter with jim. be creative.

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship

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

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances