the changes made by the tax cut and jobs act, 2017 to the tax provisions have changed tax rate for 2018 and people are getting a first hand experience of what it means to them. go over the act and address the question s below
1 what are the major changes made to the tax provisions by the act?
2 what impact is it likely to have on our GDP and government's budget?
3 how have the changes in taxes affected you personally?
4 does everyone benefit from the changes in tax provisions or does it favor one group over other?
5 what changes do you agree and disagree with?
6 if you had the power to revise the act, what changes would you make?

Sunita and Rajiv Malik are 38 years old and have one son, age 9. Sunita is the primary earner, making $140,000 per year. Rajiv does not currently work. The Maliks have decided to use the needs analysis method to calculate the value of a life insurance policy that would provide for Rajiv and their son in the event of Sunita’s death.

Sunita and Rajiv estimate that while their son is still living at home, monthly living expenses for Rajiv and their child will be about $4,000 (in current dollars). After their son leaves for college in 9 years, Rajiv will need a monthly income of $3,300 until he retires at age 65. The Maliks estimate Rajiv’s living expenses after 65 will only be $2,900 a month. The life expectancy of a man Rajiv’s age is 82 years, so the Malik family calculates that Rajiv will spend about 17 years in retirement.

Using this information, complete the first portion of the needs analysis worksheet to estimate their total living expenses.

Life Insurance Needs Analysis Worksheet

In addition to these monthly expenses, other future outlays must be accounted for. Before they had a child, Rajiv worked as a financial consultant, but his knowledge and skills are now somewhat outdated. Therefore, they include $40,000 for Rajiv to go back to school. Additionally, Sunita and Rajiv want to create a college fund of $60,000 to fund their child’s college education. They estimate that final expenses (funeral costs and estate taxes) will amount to $18,000. Finally, they have taken out a loan for home improvements of $150,000 and a credit card balance of $1,800. They own their home but still have an outstanding mortgage of $400,000.

Using this information, complete the next portion of Step 1 to determine the total financial resources needed.

The second half of the needs analysis worksheet is not shown on this page. To complete the worksheet and determine the value of the life insurance policy the Maliks should purchase, they need to factor in additional information.

True or False: The value of Sunita’s employer-offered life insurance policy should be accounted for in the remaining portion of the form.

True

False

Gd and T
Circle T if the statement is true. Circle F if the statement is false.
1.      The MMB and LMB symbols are only used if the datum feature has size RMB is implied if the datum feature has size and no boundary symbol is used. No material boundary symbol can be used if a feature does not have size.
2.      Unit straightness can be used if the part must be controlled per unit of measure as well as over the total length.
3.      Specific area flatness should be avoided on very large parts
4.      Circularity is a profile tolerance.
5.      Cylindricity is identified by a radius tolerance zone that establishes two perfect concentric cylinders.
6.      A parallelism tolerance zone must be smaller than the size tolerance of feature.
7.      The perpendicularity of a shaft, such as a stud or pin, to a datum feature establishes a cylindrical tolerance zone.
8.      The note EACH ELEMENT must be applied to a perpendicularity feature control frame.
9.      An angularity tolerance must have a basic angular relationship to a datum.
10. The tolerance zone descriptor of a concentricity tolerance is R.
11. Concentricity is used to establish the relationship between the axis of or more cylindrical features of an object.
12. Surface straightness can violate perfect form at MMC.
13. Geometric tolerances imply RFS unless otherwise specified.
14. A concentricity tolerance should be used if there is a need to control the axis, as in a dynamically balanced shaft. Otherwise, it is recommended that a runout or positional tolerance be used.
15. 69. A coaxial relationship can be controlled by a positional tolerance at M with the datum reference at MMB, LMB, or RMB.
16. LMC is often used to control minimum edge distance or wall thickness.
17. True position is the theoretically exact location of a feature.
18. The datum reference frame exists in theory. The theoretical reference frame is simulated by positioning the part on datum features to adequately relate the part to the datum reference frame and to restrict motion of the part relative to the reference frame.
19. When reference is made to the datum reference frame, the primary datum should be given first, followed by the secondary and tertiary datums. This is referred to as datum precedence.

Q1. This year, the standard deviation of revenues is higher in our industry. This indicates competitors’ revenues has become more similar to each other. True or False?

Q2.

68% of these firms have ROAs that range between .23 – .04 and .23 + .04

Where is the number .23 coming from? It’s just the mean ROA in our example. Why am I subtracting .04 from or adding .04 to the mean? It is because the first rule says “1 standard deviation”. Therefore, I translate the above information as follows:

Approximately (      ) firms have ROAs between ( ) and (   ).

Q3.  95% of these firms have ROAs that range between .23 – .08 and .23 + .08

Where is the number .23 coming from? It’s just the mean ROA in our example. Why am I subtracting .08 from or adding .8 to the mean? It is because the first rule says “2 standard deviations”. Since one standard deviation is .04, two standard deviations will be .04+.04 = .08. Therefore, I translate the above information as follows:

Approximately, (       ) firms have ROAs between (   ) and ( ).

Q4. 99.7% of these firms have ROAs that range between .23 – .12 and .23 + .12

Where is the number .23 coming from? It’s just the mean ROA in our example. Why am I subtracting .12 from or adding .12 to the mean? It is because the first rule says “3 standard deviations”. Since one standard deviation is .04, three standard deviations will be .04+.04+.04 = .12 Therefore, I translate the above information as follows:

Approximately, (     ) firms have ROAs between ( ) and (   ).

Q5.

In a sample of firms, 1^st quartile of their ROAs is 0.05 and 3^rd quartile is 0.37. Which of the following is(are) outlier(s)?

                                                -1.44      -0.88       -0.15       0.09        0.37       0.59     1.28      1.78      2.95

Answer:

Q1 = (   )          Q3=(    )       IQR = ( ) - (   )= ( )

Lower boundary = ( ) – 3 x ( )= (   )

Upper boundary = ( ) + 3 x (   )=   ( )

Therefore, any number below (   ) or above ( ) will be considered as outliers. In the above case, outlier(s) is(are) (            )

finite element problem

Tapered bar subjected to variable axial distributed load A Titanium tapered bar of 25 in. length has a variable cross-sectional area that decreases linearly from 20 in2 to 10 in2 . It is fixed at one end and subjected to an axial concentrated force F = 100 kip at the free end, as shown in the following figure. It’s also subjected to a linearly axial distributed load of variable intensity ?(?) = 0.1 (1 − ? ? ) kip/in. The problem is considered as one dimensional, and the aim of this project is to find, using Finite Element Method, the displacement ?(?) at any position on the x-axis.

The differential equation governing this elastic bars problem is given by: − ? ?? (??(?) ?? ??) − ?(?) = 0 ; 0 < ? < ? Where ? is the Titanium’s Young Modulus of 16. 106 ???; ?(?) is the variable cross-sectional area; and ?(?) is the intensity of the axial distributed load.

Part A: a) Give the expression of the differential equation governing this problem as a function of ?;

b) Give the approximate functions for a quadtratic element;

c) Give the elementary stifness matrix for a quadtratic element;

d) Give the elementary load vector for a quadtratic element;

Part B: We’ll calculate the displacement using a Finite Element Model of one quadratic element.

a) Give the elementary stiffness matrix of the element representing the whole bar

b) Give the elementary load vector of the element representing the whole bar;

c) Give the global matrix form of the Finite Element Model;

d) Give the boundary conditions on the nodal variables (primary as well as secondary variables)

e) Give the condensed equations of the Finite Element Model;

f) Calculate the displacements at ? = ? and ? = ? /2

g) Using the approximation functions, calculate the displacements at ? = ?/ 4 and ? = 3?/ 4

Part C: We’ll calculate the displacement using a Finite Element Model of two quadratic elements.

a) Give the elementary stiffness matrix of each element;

b) Give the elementary load vector of each element;

c) Give the global Matrix Form of the Finite Element Model;

d) Give the boundary conditions on the nodal variables (primary as well as secondary variables);

e) Give the condensed equations of the Finite Element Model;

f) Calculate the displacement at ? = ? /4 ; ? = ? /2 ; ? = 3? /4 and ? = ?..

Which of the following is the name for the risk of changes in the price or value of fixed-rate debt instruments resulting from changes in market interest rates?

1. Default risk

2. Liquidity risk

3. Inflation risk

4. Interest rate risk

How should marketers respond to price changes?