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To: Department Managers

From: Aaron Alexander <[email protected]>

Subject:   Invitation to Help Interview Possible Interns

Cc:

Bcc:     

You are invited to help us interview six excellent student candidates for three paid internships. These potential interns from our local state university could bring fresh ideas and talent to your projects.

The management council decided to offer paid internships because candidates in the fields of computer science and information systems are usually offered compensation.

Please mark your calendars to meet at 2 p.m. on the following dates:

   May 3       Conference Room

   May 5       Office 22

   May 9       Conference Room

Before the meetings, please examine all the candidates' résumés. Send me your ranking lists before May 1 so that we can work together to invite the top interns that you select.

Aaron Alexander

[Full contact information]

David Jetter graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve his goal. After examining schools, he has narrowed his choice to either Prentice University or Mount Alliance College. Although internships are encouraged by both schools, to get class credit for the internship, no salary can be paid. Other than internships, neither school will allow its students to work while enrolled in its MBA program.

David currently works at the money management firm of Dewey and Louis. His annual salary at the firm is $50,000 per year, and his salary expected to increase at 3 % per year until retirement. He is currently 28 years old and expects to work for 40 more years. His current job includes a fully paid health insurance plan, and his current average tax rate is 26 %. David has savings account with enough money to cover the entire cost of his MBA program.

The Ritt College of Business at Prentice University is one of the top MBA programs in the country. The MBA degree requires two years of full time enrollment at the university. The annual tuition is $65,000, payable at the beginning of each school year. Books and other supplies are estimated to cost $3000 per year. David expects that after graduation from Prentice, he will receive a job offer for about $110,000 per year, with a $20,000 signing bonus. The salary at this job will increase at 4 % per year. Because of the higher salary, his average income tax rate will increase to 31 %.

The Bradel School of Business at Mount Alliance College began its MBA program 16 years ago. The Bradel School is smaller and less well known than the Ritt College. Bradel offers an accelerated, one – year program, with a tuition cost of $80,000 to be paid upon matriculation. Books and other supplies for the program are expected to cost $4,500. David thinks that he will receive an offer of $92,000 per year upon the graduation, with an $18,000 signing bonus. The salary at this job will increase at 3.5 % per year. His average tax rate at this level of income will be 29 %.

Both schools offer a health insurance plan that will cost $3,000 per year, payable at the beginning of the year. David also estimates that room and board expenses will cost $2,000 more per year at both schools than his current expenses, payable at the beginning of each year. The appropriate discount rate is 6.5 percent.

1. How does David’s age affect his decision to get an MBA? Explain why?

2. What other, perhaps non- quantifiable factors affect David’s decision to get an MBA? Explain in detail

3. Assuming all salaries are paid at the end of each year, what is the best option for David – from a strictly financial standpoint? Explain why in detail with calculations.

4. David believes that the appropriate analysis is to calculate the future value of each option. How would you evaluate this statement? So what is the future value of each option?

5. What initial salary would David need to receive to make him indifferent between attending Prentice University and staying in his current position?
Explain in detail with calculations.

Ben Bates graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve this goal. After examining schools, he has narrowed his choice to either Wilton University or Mount Perry College. Although internships are encouraged by both schools, to get class credit for internship, no salary can be paid. Other than internships, neither school will allow his students to work while enrolled in its MBA program. Ben currently works at the money management firm of Dewey and Louis. His annual salary at the firm is $50,000 per year, and his salary is expected to increase 3 percent per year until retirement. He is currently 28 years old and expected to work for 35 more years. His current job includes a fully paid health insurance plan, and his currently average tax rate is 26 percent. Ben has a savings account with enough money to cover the entire cost of his MBA program. The Ritter College of Business at Wilton University is one of the top MBA programs in the country. The MBA degree requires two years of full-time enrollment at the University. The annual tuition is $60,000, payable at the beginning of each school year. Books and other supplies are estimated to cost $2,500 per year. Ben expects that after graduation from Wilton, he will receive a job offer for about $95,000 per year, with a $15,000 signing bonus. The salary at this job will increase 4 percent per year. Because of the higher salary, his average tax rate will increase to 31 percent. The Bradley School of Business at Mount Perry College began its MBA 16 years ago. The Bradley School is smaller and less well known than Ritter College. Bradley offer an accelerated , one-year program, with a tuition cost of $75,000 to be paid upon matriculation. Books and other supplies for the program are expected to cost $3,500. Ben thinks that he will receive an offer of $78,000 per year upon graduation, with a $10,000 signing bonus. The salary at this job will increase at 3.5 percent per year. His average tax rate at this level of income will be 29 percent. Both schools offer a health insurance plan that will cost $3,000 per year, payable at the beginning of the year. Ben also estimates that room and board expenses will cost $20,000 per year at either school. The appropriate discount rate is 6.5 percent.

Given the case above, use Excel spreadsheet to analyze problems 3 and 4. Inside the Excel file, also answer questions 1 and 2 in brief discussion.

1. How does Ben's age affect his decision to get an MBA?

2. What other, perhaps nonquantifiable factors affect Ben's decision to get an MBA?

3. Assuming all salaries are paid at the end of each year, what is the best option for Ben-from a strictly financial point?

4. What initial salary would Ben need to receive to make him indifferent between attending Wilton University and staying in his current position?

THE MBA DECISION

Ben Bates graduated from college six years ago with a finance undergraduate degree. Since graduation, he has been employed in the finance department at East Coast Yachts. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve this goal. After examining schools, he has narrowed his choice to either Wilton University or Mount Perry College. Although internships are encouraged by both schools, to get class credit for the internship, no salary can be paid. Other than internships, neither school will allow its students to work while enrolled in its MBA program.

Ben’s annual salary at East Coast Yachts is $57,000 per year, and his salary is expected to increase at 3 percent per year until retirement. He is currently 28 years old and expects to work for 40 more years. His current job includes a fully paid health insurance plan, and his current average tax rate is 26 percent. Ben has a savings account with enough money to cover the entire cost of his MBA program.

page 129The Ritter College of Business at Wilton University is one of the top MBA programs in the country. The MBA degree requires two years of full-time enrollment at the university. The annual tuition is $63,000, payable at the beginning of each school year. Books and other supplies are estimated to cost $2,500 per year. Ben expects that after graduation from Wilton, he will receive a job offer for about $105,000 per year, with an $18,000 signing bonus. The salary at this job will increase at 4 percent per year. Because of the higher salary, his average income tax rate will increase to 31 percent.

The Bradley School of Business at Mount Perry College began its MBA program 16 years ago. The Bradley School is smaller and less well known than the Ritter College. Bradley offers an accelerated, one-year program, with a tuition cost of $75,000 to be paid upon matriculation. Books and other supplies for the program are expected to cost $3,500. Ben thinks that after graduation from Mount Perry, he will receive an offer of $88,000 per year, with a $15,000 signing bonus. The salary at this job will increase at 3.5 percent per year. His average income tax rate at this level of income will be 29 percent.

Both schools offer a health insurance plan that will cost $3,000 per year, payable at the beginning of the year. Ben also estimates that room and board expenses will cost $2,000 more per year at both schools than his current expenses, payable at the beginning of each year. The appropriate discount rate is 6.1 percent. Assume all salaries are paid at the end of each year.

1. How does Ben’s age affect his decision to get an MBA?

2. What other, perhaps nonquantifiable factors, affect Ben’s decision to get an MBA?

3. Assuming all salaries are paid at the end of each year, what is the best option for Ben—from a strictly financial standpoint?

4. In choosing between the two schools, Ben believes that the appropriate analysis is to calculate the future value of each option. How would you evaluate this statement?

5. Suppose that instead of being able to pay cash for his MBA, Ben must borrow the money. The current borrowing rate is 5.4 percent. How would this affect his decision to get an MBA?

Q4. You are 20 years old and have completed your BBA and want to pursue further education but you don’t want to take money from your father. Your plan is to start working and earn enough money so that you can finance your degree on your own and get yourself enrolled in five years’ time. You estimate that the annual cost of doing an MBA 5 years from today will be PKR 400,000 and the program will be two years long. You will need the money at the beginning your program so that you are not worried about how to clear your dues during your studies. Luckily you go for a job interview and they hire you and you start working at a salary of PKR 25,000. So you decide that 50% you will deposit in a saving account at a 10% rate with monthly compounding for your further studies and the remaining amount you will use for your daily expenses.

1. Will you be able to meet your goal at this current saving rate? [2 marks]
2. What percentage of your salary should you save if you want to have exactly your university expenses amount? [2 marks]
3. How would your answer to part 1 change if the saving account rate changed to 5%? Comment on your answer. [2 marks]
4. If you are given an option to invest at the 10% saving rate with monthly compounding or 10.5% semiannual compounding, which would you chose? Explain your answer. [4 marks]

Salary is monthly and MBA cost is for one year as annual cost means one year cost

1. Joe is considering pursuing an MBA degree. He has applied to two different universities. The acceptance rate for applicants with similar qualifications is 25 percent for University A and 40 percent for University B.
   
   a) Is the acceptance decision at University A independent of the acceptance decision at University B?  

2. What is the probability that Joe will be accepted at both universities?
3. What is the probability that Joe will be accepted at University A and rejected at University B?
4. What is the probability that Joe will not be accepted at either university?
5. What is the probability that Joe will be accepted by at least one of the two universities?
6. What is the probability that Joe will be accepted at one, and only one, university?

Can someone please help me with these questions with steps for Statistics for the business course??

On January 1st 2000 Froto Company acquired 100% of the voting stock of Bilbo Company at book value.

Froto uses the initial value method (cost) and Bilbo doesn't pay any dividends.

On October 1st 2020 Froto sold some merchandise (inventory) to Bilbo company for $1,000,000 credit

the inventory had cost Bilbo $600,000. Both Bilbo and Froto use the perpetual inventory method.

During 2020 Bilbo had sold 70% of the merchandise acquired from Froto for $750,000 but had not paid off Froto

During 2021 Bilbo sold the remaining merchandise for $325,000 and paid off Froto

In 2020 Froto (unconsolidated) reported income of $1,000,000 and Bilbo reported income of $40,000

In 2021 Froto (unconsolidated) reported income of $1,200,000 and Bilbo reported income of $77,000.

The MBA decision: Ben Bates graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an inves\tment banker. He feels that an MBA degree would allow him to achieve his goal. After examining schools, he has narrowed his choice to either Wilton University or Mount Perry College. Although internships are encouraged by both schools, to get class credit for the internship, no salary can be paid. Other than internships, neither school will allow its student to work while enrolled in its MBA program. Ben currently works at the money management firm of Dewey and Louis. His annual salary at the firm is $70,000 per year, and his salary is expected to increase at 3 percent per year until retirement. He is currently 28 years old and expects to work for 37 more years. His current job includes a fully paid health insurance plan, and his current average tax rate is 28 percent. Ben has a savings account with enough money to cover the entire cost of his MBA program. The Ritter College of Business at Wilton University is one of the top MBA programs in the country. The MBA degree requires two years of full-time enrollment at the university. The annual tuition is $65,000, payable at the beginning of each school year. Books and other supplies are estimated to cost $2,000 per year. Ben expected that after graduation from Wilton, he will receive a job offer for about $100,000 per year, with a $10,000 signing bonus. The salary at this job will increase at 4% per year. Because of the higher salary, his average income tax rate will increase to 32 percent. The Bradley School of Business at Mount Perry College began its MBA 16 years ago. The Bradley School is smaller and less well known than the Ritter College. Bradley offers an accelerated, oneyear program, with a tuition cost of $75,000 to be paid upon matriculation. Books and other supplies for the program are expected to cost $3,000. Ben thinks that he will receive an offer of $85,000 per year upon graduation, with a $10,000 signing bonus. The salary at this job will increase at 3.5 percent. His average tax rate at this level of income will be 30 percent. Both schools offer a health insurance plan that will cost $2,500 per year, payable at the beginning of the year. Ben also estimates that room and board expenses will cost $15,000 per year at either school. The appropriate discount rate is 6 percent.

Assuming all salaries are paid at the end of each year, what is the best option for Ben – from a strictly financial standpoint?

Determining Carrying Value and Amortization of Intangible Assets

Review the following information pertaining to Denzel Company.

1. A patent was purchased on January 2, 2018, for $149,500 when the remaining legal life was 16 years. On January 2, 2020, Denzel determined that the remaining useful life of the patent was only eight years from the date of its acquisition.
2. On January 1, 2020, Denzel Company purchased a second patent for $184,000 cash. At January 1, 2020, 6 years of the patent's legal life of 20 years had already expired.
3. On June 30, 2020, Denzel Company paid a firm $18,400 for a new trademark. Denzel considers the life of the trademark to be indefinite.
4. On November 1, 2020, Denzel Company acquired all noncash assets and assumed all liabilities of Lee Company at a cash purchase price of $276,000. Denzel determined that the fair value of the identfiable net assets acquired in the transaction is $269,100.

Note: When answering the following questions, do not round until your final answer. Round your final answer to the nearest whole number.

Required

a. What is the carrying value of intangible assets on December 31, 2020? Assume no impairment losses were recognized in prior periods.

$Answer

b. What is amortization expense for 2020?

$Answer

Problem 9 - PYTHON

There is a CSV-formatted file called olympics2.csv. Write code that creates a dictionary named country_olympians where the keys are country names and the values are lists of unique olympians from that country (no olympian's name should appear more than once for a given country).

Name,Sex,Age,Team,Event,Medal
A Dijiang,M,24,China,Basketball,NA
A Lamusi,M,23,China,Judo,NA
Gunnar Nielsen Aaby,M,24,Denmark,Football,NA
Edgar Lindenau Aabye,M,34,Sweden,Tug-Of-War,Gold
Christine Jacoba Aaftink,F,21,Netherlands,Speed Skating,NA
Christine Jacoba Aaftink,F,21,Netherlands,Speed Skating,NA
Christine Jacoba Aaftink,F,25,Netherlands,Speed Skating,NA
Christine Jacoba Aaftink,F,25,Netherlands,Speed Skating,NA
Christine Jacoba Aaftink,F,27,Netherlands,Speed Skating,NA
Christine Jacoba Aaftink,F,27,Netherlands,Speed Skating,NA
Per Knut Aaland,M,31,United States,Cross Country Skiing,NA
Per Knut Aaland,M,31,United States,Cross Country Skiing,NA
Per Knut Aaland,M,31,United States,Cross Country Skiing,NA
Per Knut Aaland,M,31,United States,Cross Country Skiing,NA
Per Knut Aaland,M,33,United States,Cross Country Skiing,NA
Per Knut Aaland,M,33,United States,Cross Country Skiing,NA
Per Knut Aaland,M,33,United States,Cross Country Skiing,NA
Per Knut Aaland,M,33,United States,Cross Country Skiing,NA
John Aalberg,M,31,United States,Cross Country Skiing,NA
John Aalberg,M,31,United States,Cross Country Skiing,NA
John Aalberg,M,31,United States,Cross Country Skiing,NA
John Aalberg,M,31,United States,Cross Country Skiing,NA
John Aalberg,M,33,United States,Cross Country Skiing,NA
John Aalberg,M,33,United States,Cross Country Skiing,NA
John Aalberg,M,33,United States,Cross Country Skiing,NA
John Aalberg,M,33,United States,Cross Country Skiing,NA
"Cornelia ""Cor"" Aalten (-Strannood)",F,18,Netherlands,Athletics,NA
"Cornelia ""Cor"" Aalten (-Strannood)",F,18,Netherlands,Athletics,NA
Antti Sami Aalto,M,26,Finland,Ice Hockey,NA
"Einar Ferdinand ""Einari"" Aalto",M,26,Finland,Swimming,NA
Jorma Ilmari Aalto,M,22,Finland,Cross Country Skiing,NA
Jyri Tapani Aalto,M,31,Finland,Badminton,NA
Minna Maarit Aalto,F,30,Finland,Sailing,NA
Minna Maarit Aalto,F,34,Finland,Sailing,NA
Pirjo Hannele Aalto (Mattila-),F,32,Finland,Biathlon,NA
Arvo Ossian Aaltonen,M,22,Finland,Swimming,NA
Arvo Ossian Aaltonen,M,22,Finland,Swimming,NA
Arvo Ossian Aaltonen,M,30,Finland,Swimming,Bronze
Arvo Ossian Aaltonen,M,30,Finland,Swimming,Bronze
Arvo Ossian Aaltonen,M,34,Finland,Swimming,NA
Juhamatti Tapio Aaltonen,M,28,Finland,Ice Hockey,Bronze
Paavo Johannes Aaltonen,M,28,Finland,Gymnastics,Bronze
Paavo Johannes Aaltonen,M,28,Finland,Gymnastics,Gold
Paavo Johannes Aaltonen,M,28,Finland,Gymnastics,NA
Paavo Johannes Aaltonen,M,28,Finland,Gymnastics,Gold
Paavo Johannes Aaltonen,M,28,Finland,Gymnastics,NA
Paavo Johannes Aaltonen,M,28,Finland,Gymnastics,NA
Paavo Johannes Aaltonen,M,28,Finland,Gymnastics,NA
Paavo Johannes Aaltonen,M,28,Finland,Gymnastics,Gold
Paavo Johannes Aaltonen,M,32,Finland,Gymnastics,NA
Paavo Johannes Aaltonen,M,32,Finland,Gymnastics,Bronze
Paavo Johannes Aaltonen,M,32,Finland,Gymnastics,NA
Paavo Johannes Aaltonen,M,32,Finland,Gymnastics,NA
Paavo Johannes Aaltonen,M,32,Finland,Gymnastics,NA
Paavo Johannes Aaltonen,M,32,Finland,Gymnastics,NA
Paavo Johannes Aaltonen,M,32,Finland,Gymnastics,NA
Paavo Johannes Aaltonen,M,32,Finland,Gymnastics,NA
Timo Antero Aaltonen,M,31,Finland,Athletics,NA
Win Valdemar Aaltonen,M,54,Finland,Art Competitions,NA