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ValentinkaMS [17]
3 years ago
9

The state of maine has a law dealing with groundwater called absolute dominion. describe this law and how nestle uses it to thei

r advantage
Business
1 answer:
Anit [1.1K]3 years ago
4 0
<span>Absolute Dominion is the current law involving ground water in Maine, Indiana, and Texas which in effect states that the owner of the property has complete control over the groundwater underneath their property and may pump that water up without regard to causing shortages with neighbors. Basically, you can pump as much as you want without worry about legal repercussions. Contrast this to the "reasonable use" rule that's used in most of the rest of the United States. The reasonable use rule prohibits landowners from "wasting groundwater" or transporting the groundwater off their property for use elsewhere. Now, how does this affect Nestle? In Maine there was a company called "Poland Springs" which pumped out groundwater for drinking in the local community. This company was purchased in 1980 by Perrier which is based in France. And finally, in 1992, Nestle purchased Perrier. Under Absolute Dominion, Nestle has no limit on how much groundwater they can pump and export to other locations without regard to long term sustainability.</span>
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Consider the single factor APT. Portfolio A has a beta of 0.5 and an expected return of 12%. Portfolio B has a beta of 0.4 and a
Jobisdone [24]

Answer and Explanation:

Given:

For portfolio A

Expected return of 12%

beta = 0.5

Risk premium for A = ?

For portfolio B

Expected return of 13%

beta = 0.4

Risk premium for B = ?

Risk-free rate of return = 5%

Computation:

For portfolio A

12% = 5% + (0.5 × risk premium for A)

risk premium for A = 14%

For portfolio B

13% = 5% + (0.4 × risk premium for B)

risk premium for B = 20%

short position "A"

Long position "B"

8 0
3 years ago
Oldhat Financial starts its first day of operations with $11 million in capital.A total of $120 million in checkable deposits ar
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Answer:

a.

Assets Side

Required Reserves   $10 million        

Excess Reserves   $51 million    

Loans   $70 million

Total $131 million

Liabilities Side

Checkable Deposits   $120 million

Bank Capital   $11 million

Total $131 million  

b. Bank capitalization can be measured with bank Leverage Ratio.

= Capital/Assets

= 11/131

= 8.40%

Bank is considered well capitalized if ratio is above 5% so Oldhat Financial is well capitalized.

c. Risk Weighted Assets = $50 million

Risk weighted capital ratio = 22%

Commercial loans are 100% risk weighted = $ 30 million

Residential mortgages are 50% risk weighted  = $ 20 millions

Total = $50 million.

Risk weighted Capital Ratio = Bank capital / Total risk weighted assets

= 11/50

= 22%

7 0
3 years ago
In United States v. Butler, the Supreme Court overturned the Agricultural Adjustment Administration (AAA) because
joja [24]

Answer:

The correct answer is the tax on food processors was unconstitutional.

Explanation:

On January 6, 1936, the Supreme Court decided in the United States v. Butler, that the act was unconstitutional for the collection of this tax on processors only so that it will be returned to the farmers. The regulation of agriculture was considered a state power. As such, the federal government could not force states to adopt the Agricultural Adjustment Act due to lack of jurisdiction. However, the Agrarian Law of 1938 remedied these technical problems and the agricultural program continued.

3 0
3 years ago
A holder of a seller-server certificate serves an alcoholic beverage to an intoxicated person for a second time within a 12 mont
Hunter-Best [27]
According to the TABC, seller-server certification can be revoked if one is charged with breaking the laws concerning the sale of alcohol. The length of time that TABC certificate is revoked depends on the number of offenses committed within a period of 12 months. In this case, the holder made a second offence within 12 months, therefore, the holder will not be allowed to get a TABC certification again for 90 days. One is required to take some time off work since it appears he/she has a problem with breaking alcohol laws
5 0
3 years ago
if variable cost increases by $1/unit, advertising cost increases by $1,500, and units sales increase by 250, what would be the
stira [4]

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Less: Reised Variable costs ($21 + $1 = $22 * 1,150)                  ($25,300)

Revised Contribution Margin                                                   $14,950

Less: Revised Fixed costs ($8,400 + $1,250)                          ($9,650)

Net operating income                                                                   $5,300

Fixed costs remain the same for a period of time. Variable costs increase or decrease depending on the performance of the company. Examples of fixed costs are rent, taxes, and insurance premiums.

Variable costs are costs that change with changes in quantity. Examples of variable costs include raw materials, parts labor, production materials, handling charges, shipping charges, packaging materials, and credit card fees. In some fiscal documents, the variable cost of production is called the "cost of goods sold."

Learn more about Variable costs at

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4 0
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