Anne-Marie and Yancy calculate their current living expenditures to be ?$64,000 a year. During retirement they plan to take one cruise a year that will cost ?$5,000 in? today's dollars.? Anne-Marie estimated that their average tax rate in retirement would be 11 percent. Yancy estimated their Social Security income to be about ?$18,236 and their retirement benefits are approximately ?$28,044. Use this information to answer the following? questions: a. How much? income, in? today's dollars, will? Anne-Marie and Yancy need in retirement assuming 70 percent replacement and an additional ?$5,000 for the? cruise? b. Calculate their projected annual income shortfall in? today's dollars. c.? Determine, in? dollars, the future value of the shortfall 29 years from? now, assuming an inflation rate of 3 percent. d. Assuming a nominal rate of return of 8 percent and 22 years in? retirement, calculate their necessary annual investment to reach their retirement goals.

The Magazine Mass Marketing Company has received 10 entries in its latest sweepstakes. They know that the probability of receiving a magazine subscription order with an entry form is 0.60. What is the probability that more than a fifth of the entry forms will include an order? Round your answer to four decimal places.

Also how would I enter a problem like this into a TI-84

Identify three magazine or newspaper articles that discuss some aspect of the product/industry. The following are good sources: Fortune, Barons, Forbes, Business Week, The Economist, National Post, Business Report on Business Magazine and Canadian Business. Prepare 100–150 word summaries of the articles, the summary should not have personal opinions and should contain complete bibliographic details

Company - Dell

On January 5, 2008, Grace Co. purchased 70% of the outstanding shares of Leo Co. at a cost of P500,000. On that date, the outstanding ordinary shares of Leo had a P700,000 balance, while accumulated profits had a P100,000 balance. All the book values of assets and liabilities of Leo approximated their fair values except for an equipment which was understated by P50,000

For the year 2008, Grace sold an equipment to Leo reporting a gain on sale of P25,000 on July 1, 2008 and Leo on the other hand sold a machine to Grace reporting a loss of P10,000 on October 1, 2008. Grace reported net income of P250,000 and declared dividends of P40,000 and reported an accumulated profits balance as of December 31, 2008 of P350,000. Leo reported net income for the year of P150,000 and declared dividends of P20,000. The remaining useful lives of the plant assets as of January 1, 2008 for both companies are 4 years for machinery and 5 years for equipment.

Required:

From the above data, determine:

2008. The net income attributable to equity holders of the parent for 2008.
2009. The non-controlling interest net income in Leo Co. for 2008.
2010. The consolidated net income of Grace Co. for 2008.
2011. The consolidated accumulated profits as of December 31, 2008.

Exam prep question I am struggling with. Could anyone give me a solution with steps? Thank you!

You are an executive at WX Resorts and you have executive stock options as part of your compensation. You hold 1,000 options that expire six months from today at a strike price of 50 but that can be exercised early. WX is trading at $55 and just announced a $1 dividend per share that will be paid four months from today to stockholders who own the stock three months from today.

(a) Using a strike price of $50 and today's stock price of $55, what is the total value of your options using the Black-Scholes model if you hold European Options (assume σ = .30, r = .01)? (Hint: the stock price will fall by the discounted value of the dividend).

(b) If your options are American Options, what is the value today using Black's Approximation for dividend payments (assume σ = .30, r = .01)?

(c) Should you exercise early to receive the dividend? Explain.

Please read S. Engerman and K. Sokoloff’s paper named as:

“History Lessons: Institutions, Factor Endowments, and Paths of Development in the New World.” Journal of Economic Perspectives, Volume 14, No 3, Summer 2000.  Pages: 217-232.

1. Please summarize the authors’ main argument by using your own words in a short paragraph, by relying on the data that the writers’ used.
2. If you compare Engerman and Sokoloff’s argument with Marx’s and Acemoglu’s arguments that we studied, in what way their argument resembles Marxist argument and in what way it resembles Acemoglu’s argument?  Compare clearly with your own words.  
3. What is the main history lesson(s) that writers underline from past to today’s South American countries that economic and social turmoil haven’t been settled down? Explain clearly with your own words.

You are an audit supervisor of Pluto & Co and are currently planning the audit of your client, Venus Magnets Co (Venus) which manufactures decorative magnets. Its year end is 31 December 20155 and the forecast profit before tax is $9·6 million.

During the year, the directors reviewed the useful lives and depreciation rates of all classes of plant and machinery. This resulted in an overall increase in the asset lives and a reduction in the depreciation charge for the year.

Inventory is held in five warehouses and on 28 and 29 December a full inventory count will be held with adjustments for movements to the year end. This is due to a lack of available staff on 31 December. In October, there was a fire in one of the warehouses; inventory of $0·9 million was damaged and this has been written down to its scrap value of $0·2 million. An insurance claim has been submitted for the difference of $0·7 million. Venus is still waiting to hear from the insurance company with regards to this claim, but has included the insurance proceeds within the statement of profit or loss and the statement of financial position.

The finance director has informed the audit manager that the October and November bank reconciliations each contained unreconciled differences; however, he considers the overall differences involved to be immaterial.

     A directors’ bonus scheme was introduced during the year which is based on achieving a target profit before tax. In order to finalize the bonus figures, the finance director of Venus would like the audit to commence earlier so that the final results are available earlier this year.

Required:

Based on the above describe FIVE audit risks, and explain the auditor’s response to each risk, in planning the audit of Venus Magnets Co

You are an audit supervisor of Pluto & Co and are currently planning the audit of your client, Venus Magnets Co (Venus) which manufactures decorative magnets. Its year end is 31 December 20155 and the forecast profit before tax is $9·6 million.

During the year, the directors reviewed the useful lives and depreciation rates of all classes of plant and machinery. This resulted in an overall increase in the asset lives and a reduction in the depreciation charge for the year.

Inventory is held in five warehouses and on 28 and 29 December a full inventory count will be held with adjustments for movements to the year end. This is due to a lack of available staff on 31 December. In October, there was a fire in one of the warehouses; inventory of $0·9 million was damaged and this has been written down to its scrap value of $0·2 million. An insurance claim has been submitted for the difference of $0·7 million. Venus is still waiting to hear from the insurance company with regards to this claim, but has included the insurance proceeds within the statement of profit or loss and the statement of financial position.

The finance director has informed the audit manager that the October and November bank reconciliations each contained unreconciled differences; however, he considers the overall differences involved to be immaterial.

     A directors’ bonus scheme was introduced during the year which is based on achieving a target profit before tax. In order to finalize the bonus figures, the finance director of Venus would like the audit to commence earlier so that the final results are available earlier this year.

Required:

Based on the above describe FIVE audit risks, and explain the auditor’s response to each risk, in planning the audit of Venus Magnets Co

answer the question after reading the short article.

Question: Do you think that are the bouquets given away for free a public good?

Free Flowers Are Being Given Away in Downtown Crossing The Society of American Florists wants to 'petal it forward' on Wednesday. by MADELINE BILIS· 10/18/2016, 10:18 a.m. Photo by the Massachusetts Office of Travel and Tourism on Flickr/Creative Commons Stroll down the pedestrian. walkway in Downtown Crossing on Wednesday and there’s good chance you’ll be surprised with two bouquets of flowers—for free. The floral department team at Roche Bros. is giving away 1,700 bouquets to Bostonians at random. Why two free bouquets for one person? Each lucky recipient is supposed to “petal it forward,” giving the second bundle of flowers to anyone they choose—whether that’s a pal in the office or a stranger on the street. The sweet-smelling giveaway is part of the “Petal It Forward” campaign, supported by the Society of American Florists and florists across the country. In addition to those in Boston, florists in 206 cities in 49 states hope to make a few people smile with “flower power.” The campaign is meant to highlight the emotional benefits of flowers, and to back up studies that show flowers’ immediate impact on happiness as well as their long-term positive effects on moods. The Roche Bros. florists will begin to bestow their bouquets at 11 a.m. on Wednesday, October 19. An early lunch, anyone?

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My answer : I guess, since (public good) they are characterized by non-rivalness( many people can enjoy the good simultaneously ) and non-excludable( if made available one, it will be automatically available to others) .based on the public good's definition, the bouquets can be considered as a public good. because, its non-rival once you received flower and give it away someone else, and if it occurs over and over again. at the end, many people can enjoy it. also, its non-excludable since everyone could get the flower. but the thing is, the number of flowers provided is limited which makes me doubt that if i can see it as a public good. also over time, the flowers will shriveled up which will reduce other's satisfaction. and it violates condition to be a public good. anyone can check my answer and correct it ?

answer the question after reading the short article.

Question: Do you think that are the bouquets given away for free a public good?

Free Flowers Are Being Given Away in Downtown Crossing The Society of American Florists wants to 'petal it forward' on Wednesday. by MADELINE BILIS· 10/18/2016, 10:18 a.m. Photo by the Massachusetts Office of Travel and Tourism on Flickr/Creative Commons Stroll down the pedestrian. walkway in Downtown Crossing on Wednesday and there’s good chance you’ll be surprised with two bouquets of flowers—for free. The floral department team at Roche Bros. is giving away 1,700 bouquets to Bostonians at random. Why two free bouquets for one person? Each lucky recipient is supposed to “petal it forward,” giving the second bundle of flowers to anyone they choose—whether that’s a pal in the office or a stranger on the street. The sweet-smelling giveaway is part of the “Petal It Forward” campaign, supported by the Society of American Florists and florists across the country. In addition to those in Boston, florists in 206 cities in 49 states hope to make a few people smile with “flower power.” The campaign is meant to highlight the emotional benefits of flowers, and to back up studies that show flowers’ immediate impact on happiness as well as their long-term positive effects on moods. The Roche Bros. florists will begin to bestow their bouquets at 11 a.m. on Wednesday, October 19. An early lunch, anyone?

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My answer : I guess, since (public good) they are characterized by non-rivalness( many people can enjoy the good simultaneously ) and non-excludable( if made available one, it will be automatically available to others) .based on the public good's definition, the bouquets can be considered as a public good. because, its non-rival once you received flower and give it away someone else, and if it occurs over and over again. at the end, many people can enjoy it. also, its non-excludable since everyone could get the flower. but the thing is, the number of flowers provided is limited which makes me doubt that if i can see it as a public good. also over time, the flowers will shriveled up which will reduce other's satisfaction. and it violates condition to be a public good. anyone can check my answer and correct it ?