Case Study #1

Data: Jonathan, a single man, passed away in December 2018. The value of his assets at the time of death was $16,155,000. He also owned an insurance policy with a face value of $315,000 (which was not in an irrevocable life insurance trust [ILIT]). The cost of his funeral was $19,750, while estate administrative costs totaled $67,000. As stipulated in his will, he left $154,000 to charities. Also, for each of the years 2011 to 2014, Jonathan provided his niece Suzy with $20,000 per year funding for college tuition. Of this $20,000, $5,000 was paid directly to the college for tuition and fees, $13,000 was paid to his niece to cover her living expenses while she was going to school, and $2,000 was for clothes. In addition to paying for his niece’s schooling, he also gave his niece $25,000 as a late graduation present in 2015 for a down payment on a new house.

Calculations: 1. Determine the value of Jonathan’s gross estate, his taxable estate, his gift-adjusted taxable estate, and his year 2018 estate tax. The annual tax-free gift limit: 2018: 15,000, 2017-2013: $14,000, 2012-2009: 13,000. Use Estate Tax Spreadsheet (LT 40)

a. What is the value of Jonathan’s gross estate?

2. Determine the value of his taxable estate.

3. Determine his gift-adjusted taxable estate.

4. Determine his estate tax liability for 2018.

(Take your Gift Adjusted Taxable Estate less tax- free amount times estate tax rate).

EJ is a 14-year-old male who currently resides at a behavioral health resident treatment facility. He has been diagnosed with obesity and hyperlipidemia, most likely due to side effects from the medications he is taking for bipolar disorder. The registered dietitian has been asked to speak with EJ about his new diet order for a low-fat diet and to provide suggestions to EJ’s family. EJ is expected to return home next month. His family has been participating in family counseling weekly with EJ while he has been at the facility. Currently EJ is 195 pounds and 70 inches tall. EJ’s mother reports that EJ typically eats at fast-food restaurants after school three or four days a week. His intake of fruits and vegetables has only been 1-2 daily while at the facility, and his mother indicates this is more than he eats at home. When EJ does drink milk, it’s usually whole milk. EJ’s family is very busy, and often EJ and his two older siblings prepare their own dinner.

Questions:

1. What is EJ’s BMI? How does this classify his weight at this time?

2. What dietary recommendations do you have, specific to EJ’s situation, that can help him improve his nutritional intake and reduce his fat consumption?

3. What guidelines do you need to keep in mind as you provide nutrition education and counseling to adolescents?

Miller Cereals is a small milling company that makes a single brand of cereal. Recently, a business school intern recommended that the company introduce a second cereal in order to “diversify the product portfolio.” Currently, the company shows an operating profit that is 20 percent of sales. With the single product, other costs were twice the cost of rent.

The intern estimated that the incremental profit of the new cereal would only be 7.5 percent of the incremental revenue, but it would still add to total profit. On his last day, the intern told Miller’s marketing manager that his analysis was on the company laptop in a spreadsheet with a file name, NewProduct.xlsx. The intern then left for a 12-month walkabout in the outback of Australia and cannot be reached.

When the marketing manager opened the file, it was corrupted and could not be opened. She then found an early (incomplete) copy on the company’s backup server. The incomplete spreadsheet is shown as follows. The marketing manager then called a cost management accountant in the controller’s office and asked for help in reconstructing the analysis.

Required:

As the management accountant, fill in the blank cells. (Do not round intermediate calculations. Round your final answers to the nearest whole number. Enter all amounts as positive values.)

The Demand and Supply model typically assumes

Which market is probably the best match for the demand and supply model?

A movement up and to the left along the demand curve means

(A little tricky.) Bikes and gasoline are substitutes. An increase in the price of gasoline causes

A movement up and to the right along the supply curve means

ECO - 252 - Macroeconomics

5. Classify each of the following as employed, unemployed, or not in the labor force.

a. The government decides to increase the minimum wage. Kirk loses his job as a result and reads through the classifieds for employment offers.

b. The Wildflour, a local bakery, experiences a decrease in sales caused by a slowing down of the economy. Due to the decrease in sales, the bakery lays off their assistant baker, John. John decides to enroll full time in a culinary school to learn new skills.

c. Sharon spent the last 13 years raising her children but she is now ready to go back to work. She started to look for a job but has not found anything yet.

d. Tao is looking for a job. He turned down a couple of offers because they did not let him use the skills he has recently acquired.

e. Alice was laid off from her job at the auto plant because a recession reduced the demand for cars. She immediately starts looking for a job but to keep busy she spends more time volunteering at her local church.

f. Karen, a software engineer, lost her job when the start-up company she was working for went bankrupt. She interviewed at five companies but was not called back. As a result she gave up looking for a job.

g. Jonathan currently works at the Federal Reserve Bank in Kansas City, but has no prospect of being promoted. He begins a job search and is called in his Kansas City office by Boeing based in Seattle.

Ms. Smokey 62 y/o white female

HPI—Here for a screening annual physical

Current Health Data:

Takes HRT, but she does not know the name of them

No known allergies

Screening tests/Last PE—in 2015 and was told that “all was normal”

Immunizations—had a Td at age 50 after an injury; takes flu shot every year

LMP was at age 54

PMH—childhood illnesses—none; only hospital stay was when she had her son, who is age 32

PMH—Osteopenia

Sexual Hx—sexually active since age 24—3 lifetime partners; widowed since last year; in a new relationship for last 2 months

Psych—sad sometimes, but no prior diagnosis of Depression

FH—Father is 82 y/o has HTN, Hyperlipidemia, COPD; Mother died at age 73—with HTN and a CVA

Personal/Social HX—she works as a junior high school teacher; she is a social smoker—2-3 cigarettes every week or so; drinks 1 glass of white wine every evening with dinner

ROS—unremarkable except for some vaginal dryness

PE: 98-70-14 130/90   BMI 36

Profile:

Age/Gender/Race risks-

Personal/Family risks-

Prevention Needs:

Screening Needs:

Counseling Needs:

Chemoprophylaxis/Immunizations:

Prevention Deficits:

Screening Deficit-

Counseling Deficit-

Chemoprophylaxis/Immunizations Deficit-

Obesity Management Plan

3) Regarding Business structure

Dan Murphy is considering a change of his business structure from the sole trader to another structure commencing on the 1st of July 2019 (starting from a new financial year).
He has provided you with the following financial and other family details.

Dan is earning $150,000 (net of deductions) per annum from his engineering business. Judith earns $10,000 (net of deductions) from her teaching job.
They have the following family members living with them.

•  Robert Murphy: Dan’s father who is 70 years old. He has retired from his job as chief executive officer of Suncorp Ltd on the 15th of July 2019 (gross income was $2,000) and has not been earning any income since retirement. Judith takes care of him as his health has deteriorated recently.

•  Jean Murphy: 19-year-old son. He is a full time university student, currently no income.

•  Xavier Murphy: 15-year-old son, full time high school student

•  Megan Murphy: 2-year-old daughter.

  Dan is considering the following options.

•  Remaining Sole trader stucture

•  Partnership with Judith in equal profit sharing ratio

•  Australian registered private company

•  Discretionary Family Trust

  Required

  Please advise which business structure would you recommend in order to minimise tax on the client’s income.
  Comment on the tax implications of each business option considered.

You’ve just received two job offers.

Offer 1 Marketing Analyst San Bruno, CA Signing bonus: $10,000 (received upfront) Starting Salary: $100,000 Expected Salary Growth per Year: 10%

Offer 2 Social Media Manager, Glossier New York, NY Signing bonus: $20,000 (received upfront) Starting Salary: $85,000 Expected Salary Growth per Year: 20%

Interest Rates on Spanish government bonds 2 yr - 2% 3 yr - 3% 5 yr - 4% 10 yr - 6% 30 yr - 9%

Interest Rates on U.S. government bonds 2 yr - 3% 3 yr - 4% 5 yr - 5% 10 yr - 7% 30 yr - 10%

Assume all cash flows occur at the end of the year.

A. Assuming your interest in the two jobs, and the costs associated with each of them (moving costs, living costs, taxes etc.), are identical, which job should you choose? Assume that your decision will be to choose the job with the higher NPV of compensation. You plan on being in whichever job you pick for 5 years.

B. What is the present value of your compensation for each of these jobs through year 3?

C. Would your decision change if you plan on quitting and going back to graduate school in 2 years?

D. What possible information would make you reverse your decision in part A?

I entered in this code for my programming fundamentals class for this question

To encourage good grades, Hermosa High School has decided to award each student a bookstore credit that is 10 times the student’s grade point average.

In other words, a student with a 3.2 grade point average receives a $32.0 credit.

Create an application that prompts a student for a name and grade point average, and then passes the values to a method (computeDiscount) that displays a descriptive message. The message uses the student’s name, echoes the grade point average, and computes and displays the credit, as follows: John, your GPA is 3.4, so your credit is $34.0.

but it says it is only halfway done, what else do i need to add or get rid of?

import java.util.Scanner;

public class BookstoreCredit

{

public static void main(String[] args)

{

Scanner abc = new Scanner(System.in); //declaring scanner to take input from user

System.out.println("Enter your name ");

String name=abc.nextLine(); //taking input from user

System.out.println("Enter your GPA ");

Float gpa=abc.nextFloat(); //taking input from user

computeDiscount(name,gpa); //calling the function

}

private static void computeDiscount(String stdName,double gradeAverage)

{

Double gpa=gradeAverage; //copying the value of gradeAverage in gpa

gradeAverage = gradeAverage*10;

int i=(int)gradeAverage; //typecasting gradeAverage to int

System.out.println(" " + stdName +" ,your GPA is " + String.format("%.1f", gpa) +" ,so your credit is $"+ i );

}

}

Statistics I – Second Analysis Project

You are part of a research team that is interested in comparing the effectiveness of two different methods for teaching physical science to middle school students. In particular, they wish to compare two individualized computer based instruction programs. One is based on behavioristic principles while the other is based on principles of cognitive theories. A sample of students is randomly selected. Individuals in the sample are then randomly assigned to one of the two instructional programs. After completing the computer-based instruction each student is given the new state physical science test. Although there are many outcomes of potential interest, this study focuses on achievement as measured by the state physical science achievement test.

The research team wishes to estimate the size of the effect and to conduct a statistical test with a set to .05. For this project you should analyze the data and write a short summary of the results. Please turn in (1) the summary, (2) the program, and (3) the output.