You want to buy a car which will cost you $10,000. You do not have sufficient funds to purchase the car. You do not expect the price of the car to change in the foreseeable future. You can either save money or borrow money to buy the car.

• Plan 2: You decide to borrow $13,000 from the bank and purchase the car now, as well as cover some other expenses. The bank offers two options for the structure of the repayments.

- Option 1: The first repayment will not start until you graduate from university. Therefore, no month-end-instalments will be made for the first 36 months. Then, commencing at the end of the 37^th month, a total of 30 month-end-instalments of $X will be made over the life of the loan. The nominal interest rate is 6% per annum compounded monthly.

d) Calculate X. (2 mark)

e) Your parents agree to help you repay the loan by contributing a lump sum of $1,800 when you successfully graduate from university. Calculate the new value of X. (1 mark)

- Option 2: For the first 36 months (while you are still studying), you will be making month-end-instalments of $Y. Then, commencing at the end of the 37^th month (when you graduate from university), you will double the amount of monthly repayment for the remaining 30 month-end-instalments. The nominal interest rate is 6% per annum compounded monthly.

f) Calculate the value of Y.

Please tell us about your experience with budgeting. This can be either experience from a work environment or with your personal life. If you've learned anything cool this week that will inform your budgeting practices in the future, please tell us about it.

7. Consider Donald and Joe who are both 30- years of age and recently graduated with a degree in Finance. Both Donald and Joe plan to retire at age 67, and the retirement plan pays a 12 percent per annum return and is also compounded monthly. Donald plans to invest $1,000 per month beginning next month into his retirement account, while Joe shall invest $2,000 per month. Joe however does not plan to begin investing until 10 years after Donald begins to invest. How much will each of the newly grads have at retirement?

8. On December 31, 2019, Speedo’s Limited bought a yacht for $55,000 but made a down payment of $10,000. Speedo’s agreed to pay the balance in 10 equal end-of-year installments and 10% interest on the declining balance. Calculate the annual payments.

9. Match each sentence to the correct concept.

a) The amount an investment is worth after one or more time periods is referred to as _______________

b) The process of finding the present value of some future amount is called _________________.

c) Calculating the present value of a future cash flow to determine its value today is known as _________________.

d) Interest earned on the principal and may be for a number of years may be called ______________

e) ___________ is the process of accumulating interest in an investment over time to earn more interest.

f) The interest earned on both the initial principal and the interest reinvested from prior periods is referred to as ______ _______.

P Company paid $8,000,000 (cash) for an 80% interest in S Company on 7/1/07. The book values and fair values of S’s assets and liabilities on the date of acquisition were as follows:

                                                                                    Beginning of year      

The company earned income of $24,000 ($2,000 per month) in 2007 and paid total dividends of $12,000 on October 1, 2007.

Required

1. Compute the goodwill from the acquisition
2. Compute the Equity method Income from Sub. for 2007.
3. Record the Equity method journal entries for 2007.

     4)   Analyze the Investment Account at 12/31/07

From a finance perspective, which of the following is the most appropriate goal for corporate management?

Maximizing the market value of the company’s shares.

Maximizing the company’s market share.

Maximizing the current profits of the company.

Minimizing the company’s liabilities.

Maximizing the value of the company’s operating assets.

A project's opportunity cost of capital is:

designed to be less than the project's IRR.

designed to be greater than the project's IRR

the return earned by investing in the project.

equal to the average return on all company projects.

the foregone return from investing in the project.

A stock’s estimated β provides an estimate of the stock’s:

unsystematic risk

systematic risk

total risk

As the hurdle rate (i.e., the opportunity cost of capital) is increased, the NPV of a specific project will:

stay the same

increase

decrease

decrease to zero, then remain constant

increase to zero, then remain constant

Which one of the following firms' common stocks is likely to have the lowest beta (i.e., systematic risk)?

Southwest Airlines (airline company)

Anaconda Steel (steel manufacturer)

Fiat Group (automobile manufacturer)

Dominion Power (electric utility)

1. True or False. Taxpayer (“T”), a cash basis individual taxpayer, bought a bond for $8,760 on January 1, 2019, with a maturity value of $10,000 on January 1 2022 (meaning there are no scheduled payments other than the $10,000 received at maturity). Assume the yield to maturity is 4.5% on an annual basis. If the bond is a series EE government bond T will not be required to include any gross income in 2019, but if the bond is issued by a corporation, T must include $394.20 ($8,760*4.5%) in gross income in 2019?

______ (Write “T” for true or “F” for false)

2. True or False. Taxpayer (“T”) an individual calendar year taxpayer can take a deduction for qualifying medical expenses and the standard deduction in the same year?

______ (Write “T” for true or “F” for false)

3. True or False. An advance payment received in June 2019 by an accrual basis and calendar year taxpayer for services to be provided over a 36-month period, can be spread over the 36 month period for tax reporting purposes?

______ (Write “T” for true or “F” for false)

4. On January 1, Year 1, Taxpayer (“T”) purchased both a bond and stock of Corporation X. The bond was purchased for $10,000, had a face value of $10,000 and paid 10% interest ($1,000) on December 31 of each year. The stock was purchased for $10,000 and paid a dividend of $1,000 on December 31, ex- dividend date December 15. T sold both the X stock and the X bond on July 1, of Year 1. The bond sold for $10,300 and the stock sold for $11,000. What income, gain or loss, including character type (e.g. capital gain, interest, dividend, ordinary) will T recognize as a result of the sales?

__________________________________ BOND

__________________________________ STOCK

5. Taxpayer (“T”), a cash basis individual taxpayer, lent money to each of his two daughters (“D1” and “D2”) on January 1 of the current yer. T lent $50,000 to D1 and $110,000 to D2. T did not charge any interest on the loans. D1 was 19 years old and used the $50,000 to open a brokerage account which invested in stocks. D1 had $300 of net investment income during the year. D 2 was 26 years old and used the loan to renovate her personal house. D2 had no investment income during the year. The applicable federal rate “AFR” is a 5% annual rate. The loans were outstanding for the entire year. What amount of income, if any, will T include on T’s individual income tax return as a result of the loan to

D1______________________    D2 ____________________

6. Taxpayer (“T”) a 59 year-old calendar year individual taxpayer purchased an annuity from an insurance company for $100,000 in 2019. The terms of the annuity were that the company would pay T $5,000 a year to T for the rest of T’s life. How much income will T include in T’s personal income tax return as a result of receiving the $5,000 payment

in 2020?   _____________

In 2050? ______________

7. In 2019, Taxpayer (“T”) is a single, 65 year-old individual who is a U.S. citizen. T turned 65 in 2019.    T receives $18,000 of social security income in 2019 (the first year T received Social Security Benefits). Also, T received $6,000 of interest income from a municipal bond in both 2018 and 2019. On June 1, 2018, T took a job with a multi-national corporation which paid T $5,000 per month. As a condition of the job, T is required to work overseas, in the country of Austria, and T did in fact work in Austria for 214 days (From June 1 – December 31) in 2018. T is offered to continue to work (still in Austria and still for $5,000 per month) for seven additional months (from January 1 until the end of July, which is 211 days) in 2019, at which point T’s position would terminate. T is trying to decide whether T wants to continue to work for seven months in 2019 or quit on January 1. (These are T’s only transactions during 2018 and 2019).

1. What is T’s Gross Income in 2019 if T continues to work through July of 2019?

__________________________________

2. What is T’s Gross Income in 2019 if T does NOT continue to work in 2019?  

__________________________________

3. Excluding the effects of the payroll tax and any credits, What is the economic benefit to T of continuing to work for 7 months in 2019 (meaning how much total extra money, after tax, will T have as a result of continuing to work in 2019)?

_____________________

8. As part of a tax relief plan to counter the economic effects of the Coronavirus, Congress has proposed sending $1,200 to certain individual taxpayers. If this provision were passed, would the recipients have to include the $1,200 in income? Answer “yes” or “no” and provide a BRIEF explanation. (brief means 1 or 2 sentences only).

Compare and contrast the two (2) LARC form of family planning. For the following scenarios, determine the best family planning option for the patient. Your response should be justified. You may need to elaborate on the efficacy, effects, procedure & follow-up.

A 20-year-old university student who requests contraception, says she has dysmenorrhea and heavy menstrual loss on the first day of her menses. She has a regular monthly cycle and enjoys good general health.

A 23-year-old unmarried, unemployed woman from a squatter settlement has just given birth after an unplanned pregnancy. She plans to breast feed.

A 30-year-old school teacher who has two (2) children, has just stopped breast feeding and was on a low dose progestogen only preparation. She is in good health and is undecided on a tubal ligation. She thinks she has completed her family.

A 38-year-old G5P5, had a normal delivery 24 hours ago. She is stable but having some trouble breastfeeding. She would like to breastfeed for as long as she can. She is undecided about which family planning method to use.

A 28-year-old woman has a 5-year-old child. She is not keen to have a pregnancy yet. She stopped the implant due to hormonal effects. A couple come to see you, they would like to consider vasectomy for the male partner. His wife is a known cardiac case who was admitted in ICU for pulmonary oedema.

Louise is a 20-year-old woman who has been admitted to an acute mental health inpatient ward following an episode of self harming behavior.this is her first contact with mental health services. Louise presents with lacerations to both arms; some are superficial scratches, others, while of varying severity and depth, are not life-threatening. There are also visible scars on her arms from apparently previous incidents of self-harming behaviors.

Louise has been admitted via the local accident and emergency department following an initial CRISIS assessment by the hospital Mental Health Liaison Team. Louise had consumed half a bottle of vodka and also admitted to smoking cannabis prior to the incident. She denies having taken an overdose of any type and this is corroborated by normal blood test results. she was originally accompanied there by her mother who did not remain with her.

Louise does not appear remorseful for what she has done. She says she is depressed and angry with her parents who 'think she is worthless and do not care about me because  i haven't gone to university like my brothers'. She maintains that she doesn't need any help with her problems, claiming that they are down to 'my immaturity, as my parents keep telling me' and that I'll grow out of it with time.

Pathology

Define the patient's disease process

Describe the patient's disease process

Clearly explain etiology of the disease process

Clearly explain the cause of the disease process

Thoroughly explain signs and symptoms of pathology

SCENARIO: A mid-sized employment agency needs your advice on e-mail policies. They want to prepare a one-page document to distribute to employees. Since you're only being asked for advice and to not create the actual document, perform the following tasks:

1. List items you would recommend including in this document,
2. Provide suggestions as to who the key resources should be involved in creating the policy, and
3. Identify the corporate entity, department, or individual to distribute the policy.