QUESTION 5 – 7 POINTS Old Timey Music is a retailer of new and used musical instruments.   Old Timey is preparing for its upcoming black Friday sale.  Burley, on behalf of Old Timey, called Martin Guitars, a national manufacturer and retailer of acoustic guitars and instruments.  Burley, on behalf of Old Timey had a long conversation with Izzy, the Martin sales representative.  Old Timey and Martin agreed that Old Timey would purchase 55 Model O Martin Guitars at a discounted price because of the bulk purchase.  The guitars would be delivered on or before November 10.  After the call, Old Timey filled out a confirmation of order reflecting the conversation.  The confirmation of order identified the purchase by Old Timey of 55 guitars at a total price of $31,000.   Old Timey signed the confirmation of order and sent it to Martin, which received the confirmation of order on October 20.  On November 11, Old Timey had not heard anything from Martin and had not yet received the guitars.  Old Timey reached out to Martin and was told that Martin would not go through with the sale because they were upset that their sales representative agreed to such a large order at such a low price.  Martin now claims that it does not have to sell the guitars to Old Timey because it did not agree, in a signed writing, to the sale. REQUIRED (7 Points): Is Martin correct in asserting the statute of frauds as a defense because it did not sign anything in writing? Explain your answer.

QUESTION 4 – 8 POINTS    Van Effen Industries was a large manufacturer of plastic products for sale by large retailers throughout the Midwest region of the United States.  Van Effen manufactured, amongst other items, large plastic kayaks, outdoor playground equipment, and plastic coolers and chairs.  Van Effen was looking for a new Chief Financial Officer.  After a long search, Van Effen hired Dan Smith as its new CFO.   Amongst other job responsibilities, Dan Smith was designated as a senior executive who manages Van Effen’s financial activities including creating financial models and forecasts, establishing its plans for growth, ensuring the company’s cash flow met its needs, and overseeing the accounting department.   Dan Smith was paid a salary, before bonuses and benefits, of $650,000 a year.    When Dan Smith was hired, Van Effen presented him with a restrictive covenant agreement – also referred to as a non-competition agreement in the employment context.  Dan has his attorney review the agreement and after negotiating for certain changes, Dan Smith signed the agreement.  The agreement provided as follows:    You agree that for valid consideration including your salary and your bonus structure, that for a period of 10 months after you leave the employment of Van Effen or after you are terminated for cause, that you will not work as a chief financial officer, accountant, financial advisor, or in any other capacity as a consultant or advisor for financial matters for any company operating in the Midwest region of the United States for any company that is engaged in the manufacturing and sales of plastic products sold to large retail chains.   You agree that this provision is fair given our access to Van Effen’s financial information, oversight over the future of the company, and access to customers.            After 2 years, Dan Smith decided that he was unhappy at Van Effen.  He was approached by Mid-Country Plastics about coming to work with them as a financial advisor and consultant on strategic matters involving the company’s growth and cash flow.  Mid-Country Plastics was a plastics manufacturer that operated in the Midwest and directly competed with Van Effen.   Dan is considering leaving Van Effen to go work with Mid-Country.  Dan approaches you, as a friend, and asks for your opinion as to whether his agreement with Van Effen would prohibit him from working for Mid-Country.    REQUIRED (8 Points): You conclude that Dan Smith’s agreement with Van Effen would prohibit and restrict him from immediately taking the job with Mid-Country.   In separately lettered or numbered paragraphs discuss the reasons why you have concluded that Dan Smith’s non-compete is enforceable. 

Anne LLC purchased computer equipment (five-year property) on August 29 for $34,000 and used the half-year convention to depreciate it. Anne LLC did not take §179 or bonus depreciation in the year it acquired the computer equipment. During the current year, which is the fourth year Anne LLC owned the property, the property was disposed of on January 15. Calculate the maximum depreciation expense. (Use MACRS Table 1.) Note: Round final answer to the nearest whole number.

Jane, age 16, was abandoned by her parents when she was very young and has essentially been living on the street since then doing odd jobs just to get by.  Jane has saved up some money, and using these savings she finally was able to purchase shelter to live in.  Jan purchased a used mobile home to live in from a mobile home dealer for $15,000 – a price that was not reasonable given the condition of the mobile home (but Jane did not realize this). Six months later, Jane has decided she wants to disaffirm the contract.  Which of the following statements is correct?

I have followed all Testing Procedures of showing my work area and any scratch paper to be used. 

         

Select ‘confirm’ when you have finished writing your report. Once you are ready to submit your report, click ‘submit’ in the bottom right corner (please note, once you have clicked submit you will NOT be able to go back or amend your report). 

Upload a Python source file (.py) that defines a function named only_small_values. This function will take two lists of integer values as parameters. It will return a new list in which we have the smallest values of the two original lists, when compared pairwise (explanation of what this means below). If the two lists are not of the same size, we will return an empty list. Similarly, if the lists are empty then we will return an empty list too. If at any point during your work on these lists, you discover a negative integer value, you will make sure that your function also returns an empty list. Let’s explain in more details what we mean by “compared pairwise”. Given two lists and that have the same length, we start by looking at the first elements of each list (that is 0 and 4). We keep the smallest one (that is 0) and put it as first element of a list that we will end up returning. We then move on to the 2nd elements of each list (that is 9 and 9) and keep again the smallest (here it is 9 either way) and add it at the end of the list that we will end up returning. We keep going like this, keeping the value 1 for the 3rd element and 4 for the last element. Examples:  only_small_values( , ) will return only_small_values( , ) will return only_small_values( , ) will return only_small_values( , ) will return only_small_values( , ) will return only_small_values( , ) will return only_small_values( , ) will return only_small_values( , ) will return only_small_values( , ) will return only_small_values( , ) will return You are free to add more code to the global scope of your file in order to call your function to test it. This part will not be graded but will help you ensure that your function performs as expected. Grading Rubric: 0.75 point for returning an empty list when the two parameter lists have different lengths 0.75 point for returning an empty list when at least one of the two parameter lists is empty 1 point for correctly iterating over both lists simultaneously 1 point for correctly identifying the smallest value in each pair 1 point for correctly creating the list to be returns by adding one element at a time 2.5 points for passing each of the tests above (0.25 each)

Upload a Python source file (.py) that defines a function named affordable. This function will take as parameters a list of dictionaries and a float representing our spending budget, in dollars. This list contains dictionaries that each hold information about an ebay auction. The function will then return a single dictionary that will contain the information for the items which price is below our budget limit. We will, however, format this information differently: the key will be the name of the item and its corresponding value will be its price. See the examples below. Let us start by putting the following code in your global scope: auctions = As you can see, the dictionaries in our list contain both the name of the items being listed (a string value corresponding to the key ‘name’ in that item’s dictionary) and the price of the item (a string value corresponding to the key ‘price’ in that item’s dictionary). We want our function to return a dictionary in which the keys are the names of the items (we’ll have to avoid adding the items which name is already used as a key in the dictionary) and the values are their respective price, as a float. Please note that only the items that we can afford will make it to this dictionary. We can afford an item if its price is below the budget that we set as 2nd parameter. With the example above, calling our function on the auctions variable would return a dictionary structured as follows: >>> affordable(auctions, 300.0){   ‘Raspberry PI 400’ : 50.45 ,   ‘Lenovo T480’ : 200.59 ,   ‘Clockworks DevTerm’ : 259.95 } Here is another example: >>> affordable(auctions, 51.0){   ‘Raspberry PI 400’ : 50.45 } If we call our function with a negative budget or with an empty dictionary of auctions, our function will return an empty list: >>> affordable(auctions, -300.0){}>>> affordable( , 300.0){} Here is an example where we have two items with the same name in our list of auctions. The function should add the first one but not the second one since its name is already used as a key in the resulting dictionary: auctions = >>> affordable(auctions, 300.0){   ‘Raspberry PI 400’ : 50.45 ,   ‘Lenovo T480’ : 200.59 ,   ‘Clockworks DevTerm’ : 259.95 } Notice how the “Raspberry PI 400′ has been added only once to the resulting dictionary. The auction that was added is the first one that appeared in the list parameter. You are free to add more code to the global scope of your file in order to call your function to test it. This extra code will not be graded but will help you ensure that your function performs as expected. Grading Rubric: The function creates an empty dictionary named result to start off with (1 point) The function correctly iterates over all the dictionaries of the list given as parameter  (1 point) The function correctly detects items that are affordable (1 point) The function correctly adds these items to the result dictionary (1 point) The function correctly avoids adding the items which name has already been previously added in the dictionary (duplicates in the list parameter) (1 point) The function correctly returns an empty dictionary if no item is affordable (1 point) The function correctly returns an empty dictionary if it is given an empty list of dictionaries (1 point) The function correctly returns an empty dictionary if it is given a negative budget amount (1 point)

You regularly see a patient at your clinic and have collected their baseline values which are measured as seen in the figure below. Then, this patient develops a brain stem glioma (tumor) that destroys their cardioinhibitory center. Given the direct effects this pathology has on MAP, which of the following statements correctly describes the reflex compensation that the baroreceptor reflex will initiate?