Question 1
Karen and Maggie plan to buy investment plans launched by ABC
Insurance Company for purchasing flat after five years. Karen is
interested in “25% Bonus Plan”, a 5 year saving insurance policy,
which insurance company provides guaranteed bonus amounting 25% of
contributions made by policyholder during the policy period and the
bonus will be paid at the end of policy period. Meanwhile, Maggie
would like to make lump sum investment of $400,000 today in “Future
Tech Star Fund”, the US technology stock fund that focusing on
identifying companies with high potential earnings growth such as
Tesla, Apple, Nvidia and Microsoft. She has no intention to
withdraw any cash during the investment period.
The expected contributions made by Karen at the end of each year
and expected annual returns of “Future Tech Star Fund” in coming
five years are shown as below:
| Expected contributions made by Karen |
Expected annual returns of Future Tech Star Fund |
|
| Year 1 | $50,000 | 26.8% |
| Year 2 | $60,000 | 13.4% |
| Year 3 | $100,000 | -10.3% |
| Year 4 | $75,000 | 5.3% |
| Year 5 | ---- | 8.9% |
a) State formula to calculate annual return earned by Karen.
b) Identify and explain with calculations whether “25% Bonus Plan” or “Future Tech Star Fund” earns higher annual return in this case. You can use Excel to help you calculate return of “25% Bonus Plan” if necessary.
c) Maggie is considering invest “QQQ”, an ETF listed in the US tracking the performance of NASDAQ 100 Index (including large cap technology stocks listed in the US). Explain the trade offs between investing in “QQQ” and “Future Tech Star Fund”.
d) Peter is considering invest “Future Tech Star Fund” with the same initial investment amount. On the other hand, he plans to contribute more at the beginning of Year 3 and reduce the investment amount at the beginning of Year 5. Explain whether he can earn better return compared with Maggie. No calculations are allowed.
In: Accounting
In: Finance
Entry-level workers for a major corporation earn less than their managers who also earn less than the executive vice presidents at the same corporation. This is an example of
Group of answer choices
wage-level decision.
an incentive wage.
an individual wage decision.
wage discrimination.
a wage-structure decision.
In: Economics
1. Explain how you would use the Security Market Line (SML) to discern the breadth of a portfolio’s individual stock winners vs. losers.
2. Explain how the link between price (P) and intrinsic value (V) are viewed by proponents of the Efficient Market Hypothesis and by those who are not proponents.
In: Finance
1. Why do these patient populations are at risk of developing bacterial pneumonia?
2. Describe the pathophysiology of bacterial pneumonia that leads to hypoxemia?
In: Nursing
what does the pupillary reflex tell you about the afferent nerve pathway?
Which division of the ANS causes the pupils to constrict? Which division of the ANS causes the pupils to dilate?
If you shine light into the eyes of an individual who has suffered a blow to the head, what could happen and why?
In: Anatomy and Physiology
Indicate whether the following information is included on the 2020 1040 tax return as Gross Income or excluded from the 2020 1040 tax return. Indicate the specific amount included or excluded.
Item | $ Included as Gross Income | $ Excluded from Gross Income |
Earned $45,000 of gross wages from an employer. | ||
Received a gift from a grandparent of $10,000 cash. | ||
Received a $5,000 signing bonus from an employer. | ||
Received child support in the amount of $12,000. | ||
Employer-paid health insurance premiums amounted to $15,000 for an employee. | ||
Employee chose a $10,000 per year cash option from a cafeteria plan offered by the employer. | ||
Received $1,800 of interest in municipal bonds from the State of Louisiana. | ||
Received $500 in qualified dividends from mutual fund holdings. | ||
Received a directed sum of $3,000 from a parent’s business customer. The money was earned by the parent but the customer paid the student directly to help pay for college. The money was no longer owed to the parent. What, if any, goes on the receiver’s return? | ||
Received $120,000 of life insurance proceeds installments during the year. The face value of the policy was $115,000. | ||
Received a watch from an employer for 10 years of service at a banquet. The watch cost $350. | ||
Received a lump sum payment of $300,000 for an injury occurring because of a car accident. Compensatory and medical damages paid amounted to $140,000. The difference was considered punitive. | ||
Received a $1,000 per month housing allowance for managing an apartment building. The manager who received the allowance worked on the premises of the building during the day but lived and spent nights at his parents’ house. Manager was not required to live on the premises of the apartment building. |
In: Finance
The following unadjusted trial balance was extracted from the books of Carol’s Trading Company at December 31, 2017, the end of the company’s fiscal year. The company is owned by Carol Williams who trades in the business of buying and selling household consumables.
Carol’s Trading Company
Trial Balance as at December 31, 2017
|
A/C Name |
DR $ |
CR $ |
|
Cash |
250,000 |
|
|
Accounts Receivable |
340,000 |
|
|
Allowance for Bad Debts |
25,000 |
|
|
Merchandise Inventory |
210,000 |
|
|
Store Supplies |
120,000 |
|
|
Prepaid Insurance |
156,000 |
|
|
Office Furniture |
1,200,000 |
|
|
Accumulated Depreciation –Office Furniture |
360,000 |
|
|
Computer Equipment |
600,000 |
|
|
Accumulated Depreciation –Computer Equipment |
||
|
Accounts Payable |
345,000 |
|
|
Wages Payable |
||
|
Interest Payable |
||
|
Notes Payable, Long Term |
210,000 |
|
|
Unearned Sales Revenue |
265,000 |
|
|
Carol Williams, Capital |
855,200 |
|
|
Carol Williams, Withdrawal |
190,000 |
|
|
Sales Revenue Earned |
2,100,000 |
|
|
Sales Discount |
15,000 |
|
|
Sales Return and Allowances |
27,000 |
|
|
Cost of Goods Sold |
490,000 |
|
|
Wages Expense |
137,000 |
|
|
Insurance Expense |
78,000 |
|
|
Depreciation Expense –Office Furniture |
||
|
Depreciation Expense –Computer Equipment |
||
|
Store Supplies Expense |
||
|
Utilities Expense |
119,000 |
|
|
Bad Debt Expense |
||
|
Rent Expense |
205,000 |
|
|
Interest Expense |
23,200 |
__________ |
|
Total |
4,160,200 |
4,160,200 |
The following additional information was made available at December 31, 2017:
Store supplies on hand at December 31, 2017 amounted to $42,000.
Insurance of $156,000 was paid on June 1, 2017 for the period June 2017 to March 2018.
The office furniture has an estimated life of ten (10) years and is being depreciated on the straight-line method of depreciation, down to a residual value of $0.
The computer equipment was acquired on April 1, 2017 and is being depreciated over five (5) years on the double-declining method of deprecation, down to a residue of $54,432.
Wages earned by the company’s employees and not paid at December 31, 2017 amounted to $33,500.
Accrued interest expense amounted to $2,850 at December 31, 2017.
A physical count of inventory at December 31, 2017, reveals $280,300 worth of inventory on hand.
At December 31, 2017, $195,000 of the previously unearned sales revenue had been earned.
The aging of the accounts receivable schedule at December 31, 2017 indicated that the estimated uncollectible on accounts receivable is $34,000.
Other data:
$110,000 of the notes payable is due for payment on April 31, 2018
Required:
Prepare the necessary adjusting entries on December 31, 2017.
Prepare the company’s multiple-step income statement for the year ended December 31, 2017.
Prepare the company’s statement of owner’s equity for the year ended December 31, 2017.
Prepare the company’s classified balance sheet at December 31, 2017.
In: Accounting
1.An analysis that includes all subjects who were randomized to the treatment and comparison groups, regardless of whether they received or completed their assigned study protocol
2.What is the primary objective of any case-control or cohort study?
3Which study design is most appropriate to study multiple outcomes from a single exposure?
4.A case-control study is most efficient design for studying the health effects of rare exposures.
5.The ecological fallacy states that associations seen on the group level will not necessarily be present on the individual level.
6.A major advantage of a randomized clinical trial is that it rules out self-selection of patients to the different treatment groups
7.An experimental study was conducted among adults with Type 2 diabetes in order to determine if a new medication was more effective in reducing blood glucose levels than the currently used medication. What type of experimental study is this?
8.Which of the following techniques used in experimental studies can be directly applied in cohort studies (choose all that apply)?
9A study was done to determine whether the amount of money spent on soft drinks was related to mortality from diabetes. The investigators collected data on per capita (average per person) soft drink consumption in ten US states and examined its relationship to mortality rates from diabetes in those ten states. In order to calculate per capita sales they gathered annual data on soft drink sales from commerce records and then divided these figures by the state’s population from the most recent census. The mortality data were gathered from the vital records department in each state. What type of study is this?
10.What sources can be used to identify controls for a case-control study?
11.When is it desirable to use a case-control study (choose all that apply)?
12.What is the purpose of the control group in a case-control study?
In: Statistics and Probability
School Improvement Case Study:
The Feasibility of Developing a Master’s of Education Program
A study was conducted among teachers in the City of Wertinburg, Mississippi (hypothetical city) and surrounding suburban areas. There are approximately 1600 teachers in the area. This case is about a multistageeffort to determine if the need exists for a nearby university’s (Southland University) College of Education to incorporate a Master of Education program for certified teachers working within school districts in the area. The program will be tailored to current full-time teachers who hold a B.S. Degree.
BACKGROUND
There has been much teacher turnover in the school districts in and around the City of Wertinburg. The turnover ratios are expected to increase due to the aging of the teacher population, incentive buyout programs designed to encourage aging/elderly teachers to retire, and the lack of incentives for teachers in already hard to fill areas in math and science.
RESEARCH CONDUCTED
The faculty of Southland’s College of Education and university administrators conducted a brainstorming session last fall to identify university resources that might contribute to a master’s program in education. This was followed by a retreat with a well-known education consultant who reiterated the advantages of a program in the ongoing preparation of K–12 teachers in the area.
To further explore the opportunity for offering a Master of Arts degree, there were three focus groups conducted with local teachers and superintendents. Both groups were positive about the likelihood of a program customized to the needs of the various local school districts. Additionally, they provided direction for the desired content and orientation of an effective program. Such a program would need to:
• Deal with the diverse cognitive and social needs of students.
• Emphasize technological literacy for both teachers and students.
• Incorporate some functions to increase recruiting among teachers in math and science.
• Emphasize both program and classroom assessments by providing a sound research foundation for both curriculum and instruction.
• Address classroom management issues of student social skills, moral education, and discipline.
• Provide a framework for teachers to learn to collaborate with other teachers and community professionals.
PRELIMINARY RESULTS
Of the 1600 teachers, 763 responded to a preliminary survey that was mailed. Out of 763 teachers, 21.2 percent said they definitely would enroll, with an additional 57.7 percent who might enroll, citing professional requirements, professional advancement, or keeping their certification as the three primary reasons for enrolling. Those who expressed a lack of interest in a Master of Arts program expressed three obstacles: (1) the anticipated high cost, (2) time commitment for classes; and (3) family responsibilities. The university now needs to conduct a more in-depth research study to find out more details so they can examine the feasibility of having the program developed at the university.
Questions for Case Study
In: Statistics and Probability