Bill (age 42) and Molly Hickok (age 39), residents of Anchorage, Alaska, recently told you that they have become increasingly worried about their retirement. Bill, a public school teacher, dreams of retiring at 62 so they can travel and visit family. Molly, a self-employed travel consultant, is unsure that their current retirement plan will achieve that goal. She is concerned that the cost of living in Alaska along with their lifestyle have them spending at a level they could not maintain. Although they have a nice income of more than $100,000 per year, they got a late start planning for retirement, which is now just 20 years away. Bill has tried to plan for the future by contributing to his 403(b) plan, but he is only investing 6 percent of his income when he could be investing 10 percent. Use what they told you along with the information below to help them prepare for a prosperous retirement.
|
Molly's income |
$79,000 |
|
Bill's income |
$42,500 |
|
Social Security income at retirement |
$2,550/month |
|
Current annual expenditures |
$72,500 |
|
Bill's Roth IRA |
$20,500 |
|
Bill's 403(b) plan |
$47,400 |
|
Marginal tax bracket |
25 % |
3. Given their projected Social Security and investment income, how much will Bill and Molly need to invest annually to make up their income shortfall? What is the annual additional funding requirement to reach their income goal? (Round to the nearest dollar.)
In: Accounting
You are provided with the files "Song.java" and "SongList.java". You are required complete the methods in the latter file to implement the sorted circular linked list. The list is sorted according to the title of each song in alphabetical order. You need to write these methods: add(String artist, String title) – This method takes an artist and a title and adds a Song node with these values into the list. The list must still be sorted in ascending order by song title. You do not need to handle duplicates – you can assume that we never insert the same song for more than once. This method takes an artist and a title and remove a Song node that matches the artist and the title from the list. If remove is successful, return true. If no such node exists, return false. buildList(String artist) – This method takes an artist and searches in the list for all the song nodes associated with this artist. It then adds all these nodes into a new sorted circular linked list and returns it as a SongList object. Do not alter the original song list in this method.
public class Song
{
// instance variables
private String m_artist;
private String m_title;
private Song m_link;
// constructor
public Song(String artist, String title)
{
m_artist = artist;
m_title = title;
m_link = null;
}
// getters and setters
public void setArtist(String artist)
{
m_artist = artist;
}
public String getArtist()
{
return m_artist;
}
public void setTitle(String title)
{
m_title = title;
}
public String getTitle()
{
return m_title;
}
public void setLink(Song link)
{
m_link = link;
}
public Song getLink()
{
return m_link;
}
}
public class SongList
{
// instance variables
private Song m_last;
private int m_numElements;
// constructor
// Do not make any changes to this method!
public SongList()
{
m_last = null;
m_numElements = 0;
}
// check whether the list is empty
// Do not make any changes to this method!
boolean isEmpty()
{
if (m_last == null)
return true;
else
return false;
}
// return the size of the list (# of Song nodes)
// Do not make any changes to this method!
public int size()
{
return m_numElements;
}
// add a new Song to the circular linked list with the given
artist and
// title, keeping the list sorted by *song title*.
public void add(String artist, String title)
{
// TODO: implement this method
}
// remove a Song associated with the given artist and title from
the list,
// keeping the list sorted by *song title*.
public boolean remove(String artist, String title)
{
find(artist);
if(found)
{
if (Songlist == Songlist.getLink())
list = null;
else if (previous.getLink() == Songlist)
previous.setLink(m_last.getLink());
numElements--;
}
return found;
}
// build and return a circular linked list that contains all songs
from the
// given artist
public SongList buildList(String artist)
{
// TODO: implement this method
}
// return a string representation of the list
// Do not make any changes to this method!
public String toString()
{
String listContent = "";
Song current = m_last;
if (m_last != null)
do
{
current = current.getLink();
listContent += " [" + current.getArtist() + " - " +
current.getTitle() + "]\n";
} while (current != m_last);
return listContent;
}
}
In: Computer Science
John Tuckland, the CEO of the Storedalsgatan (STI), believes that the company can significantly increase its operating profit by implementing supply chain management. STI manufactures a variety of consumer electronic products, from hair dryers to humidifiers to massagers, for the world market.
John believes that STI has already integrated its internal processes and is ready to proceed with external integration. However, he is uncertain as to which direction to take. Should the company work on integrating the suppliers or the distributors first? Currently, STI uses approximately 1250 different components and/or raw materials in manufacturing its product line. Those components and raw materials are purchased from approximately 275 different suppliers around the world. In terms of distribution, STI currently sends its finished products to a central warehouse that supplies 10 regional distribution centers (RDC); 6 are domestic and 4 are located outside of the United States. Each RDC supplies an average of 12 local distributors that each supply an average of 25 retailers.
John is looking for some advice.
1. Briefly describe STI's supply chain.
2. What are the advantages that STI can gain by implementing supply chain management?
3. What would you recommend STI attempt next? Should it work on integrating the suppliers or the distributors first? Or should it work on both simultaneously?
4. What are your recommendations with regard to the external distributors?
In: Operations Management
How would you apply the assessment-training-evaluation cycle as related to culturally competent services in criminal justice agencies. Also, Provide an example of how you would implement this process in an agency.
How has technology and innovation impacted the criminal justice system?
What future technological innovations may impact the criminal justice system?
In: Psychology
The company officers have made a decision to develop partnerships with a group of distributors. These distributors will employ sales people to call on retailers who sell Body Glove products. What steps can Body Glove take to ensure that retailers and retail customers receive excellent service? Give reasons to justify your steps
In: Operations Management
modern inspection technologies are either optical or non-optical, search for 5 different modern inspection technologies and summarize their: (a) working principle(s); (b) applications in the industry; (c) effectiveness in finding the defects; (d) speed of inspection in high-volume manufacturing settings, and (e) ability to perform non-destructive testing on the samples .for example Radiation techniques or Ultrasonic techniques.
In: Operations Management
In Java inputs and output values can easily be manipulated, for example when dealing with money the value should always be formatted to 2 decimals or another use is separating of words in even spaces, line breaks and etc. Your task is to prompt the user for 2 numbers one integer the other decimal and print their product in money format. The program should also take in two words delimitated by @ symbol.
Sample run 1:
Enter a whole number: 4
Enter a decimal number: 6.854
Enter two words delimitated by @ symbol: Mango@15@
Output:
The product of the 2 numbers: 27.416
The product in money format is: N$ 27.42
Assuming the user bought 4 Mango(s) costing N$ 6.85
The VAT to be charged is 15%, hence total due to be paid is N$
31.53
[Hint: The two word provided are the item sold and the VAT charged,
which is added on the product calculation. For formatted printing
and keyboard input see page 129 – 139 in the prescribed book]
In: Computer Science
In: Operations Management
What messages did you learn about the comparative value of working with your hands (farming, trucking, carpentry, house cleaning), service work (practicing cosmetology, cashiering, waiting tables), or business or professional work (working as a programmer, teacher, nurse, business owner)? What are your thoughts now about these various kinds of work?
What did you learn as a child or teenager about what success meant and why some people are successful and some are not? Where did you learn those ideas?
If you or your family ever received public assistance, what was that like for you? If not, what messages did you receive from your family and teachers about people who did receive public assistance?
What did you learn in your childhood about people asking for help? Was this seen as a defeat or shameful act? Was this seen as an appropriate strategy to manage? Did it make any difference from whom one asked for help?
In: Psychology
Python question
Write a program that asks the user to enter a student's name and 8 numeric tests scores (out of 100 for each test). The name will be a local variable. The program should display a letter grade for each score, and the average test score, along with the student's name.
Write the following functions in the program:
calc_average - this function should accept 8 test scores as arguments and return the average of the scores per student
determine_grade - this function should accept a test score average as an argument and return a letter grade for the score based on the following grading scale:
90-100 A
80-89 B
70-79 C
60-69 D
Below 60 F
In: Computer Science
1.Describe the type of political risk a firm in a specific industry would face in any one of today’s emerging markets you are familiar with or have some knowledge of. Select a country and make an assumption that may help in you answering this question, based on the firm’s size or products, among others. (5 sentences max)
2.Identify and describe briefly two host-country sources of political risk a firm would face as it expands abroad.(5 sentences max)
In: Operations Management
What are the main features of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010?
In: Accounting
Explain the three methods of fraud (Financial Statement Fraud, Occupational Fraud, Collusion), which means analyze each one and provide an example for each.
***Please make it short and simple.
In: Accounting
What are the tips in building trust toward others?
In: Psychology
Please study the article below and choose one specific corporation & business at your choice from the most unstable industries in the U.S. right now, in April 2020 due to corona virus impact and discuss in a word document the following topics (please do a brief research using external internet resources, website of the corporation, annual or quarterly company reports or your required book and OSM 311 power points):
-Company products & services
-The impact on sales or revenue or profit for this corporation of the corona virus effect on customers, supply chain, operation & employees, distribution, shelter in place government & state decision.
-What should you decide on inventory management (Anticipation inventory or Seasonal Inventory and safety inventory) as an operation manager for this company
-How can you reduce the inventory cost (slide 14) and Total cost minimization (slide 22-25).
-Losses & how to maximize the gross profit (review the break-even point)?
-Operations Strategies that your recommend for this business & corporation in this difficult situation of the economy (required book, page 581).
Airlines
With people around the world being asked to stay home and travel bans preventing people from entering and leaving certain countries becoming more common, the airline industry has been suffering major losses. Vertical Research Partners said that passenger revenues could decline to zero by the end of the first quarter and stay there for the whole year, Reuters reported.
Many major airlines have taken a hit. For example, Lufthansa has idled 700 of its 763 aircraft, and Qantas made plans to cut all international flights, which means 30,000 of its workers would need to take paid or unpaid leave.
The airline industry has been asking for government aid to get through the crisis, and on March 27, the U.S.’s coronavirus aid package passed, which would provide $58 billion to the American airline industry, Business Insider reported. The bill protects airline employee jobs through Sept. 30.
Many stakeholders see this as a win, including Delta Airlines and the Association of Flight Attendants.
“This is an unprecedented win for frontline aviation workers and a template all workers can build from,” Association of Flight Attendants president Sara Nelson said in a statement obtained by Business Insider. “The payroll grants we won in this bill will save hundreds of thousands of jobs and will keep working people connected to healthcare many will need during this pandemic.”
However, other experts think the bailout won’t be enough to save the industry, which relies on passengers to make revenue.
“We have an airline industry right now that is flying empty planes,” airline consultant Mike Boyd told CNN. “This isn’t going to save the industry unless we get back in [the] business of flying people.” And it’s unknown when that time might come.
“We’re talking about at least six to eight months down the road before flying starts to resume at anything approaching normal,” Boyd said. “And even then, we’re likely to see a significant reduction. One way or another, we’re going to have a smaller airline industry.”
Auto Manufacturing
Ford, General Motors, Fiat Chrysler, Honda, Toyota, Nissan and Hyundai have all shut down manufacturing plants amid concerns about the spread of the coronavirus, ABC News reported. The closing of Ford, General Motors and Fiat Chrysler’s Detroit facilities will leave 150,000 workers without jobs, though they are likely to receive supplemental pay in addition to unemployment benefits.
However, the slowdown in demand for cars as a result of the coronavirus could have major ripple effects. According to one projection, for every seven-day period that consumers stop buying new vehicles, the U.S. economy would lose roughly 94,400 jobs and $7.3 billion in overall earnings, NBC News reported.
Construction
Although the construction industry is pushing to be seen as “essential” to keep their projects running, there could still be some major impacts to the industry. The shutdown of the production of construction materials in China could lead to material delays and more expensive materials stateside, Construction Dive reported. It could also lead to fewer projects, especially in the realm of hospitality, as clients and lenders pull back on funding and expansion in these times of uncertainty.
“My gut tells me we’re going to see higher prices and projects canceled, although I can’t point to the extent of it,” Joe Natarelli, national construction industry leader at accounting services firm Marcum, told Construction Dive.
Cruises
All the major cruise lines have ceased operations as countries continue to close their ports. Thousands of workers have lost their jobs — both those who work on the cruise ships and those who work at the ports — and the values of the three biggest U.S. cruise lines — Carnival, Royal Caribbean and Norwegian — have all plummeted, The Guardian reported.
“This will be a disastrous time for the industry,” Dr. Christopher Muller, a senior professor at Boston University’s School of Hospitality Administration, told The Guardian. “When you have 3,500 people booked on one of these mega cruises and the boat doesn’t go, it’s an enormous expense. Someone’s paying for that boat that’s sitting idle in the harbor and it’s very hard to recapture those ongoing fixed-cost losses.”
However, he believes the industry will be able to bounce back eventually.
“The logical thing is they will have to have very deep discounts, and those deep discounts will be especially present in the next cycle of cruise seasonality in September,” Muller said. “By August and September, the consuming public will be enticed to go back on cruises because the pricing is going to be outrageously good with enormous discounts.”
Film and TV Production
Major networks and film studios have put a halt on production as a result of the coronavirus outbreak. Netflix has stopped production on all shows in the U.S. and Canada, including “Stranger Things” season four; NBC Universal has suspended production on 35 or more shows; and Warner Bros., Disney +, Apple TV +, CBS, AMC and Viacom have all also paused production on their shows, Forbes reported.
The release dates of several major films have also been pushed, including “Wonder Woman 1984,” “In the Heights,” “Black Widow” and “A Quiet Place Part II,” while others have been released straight to streaming.
Over 100,000 entertainment industry workers have lost their jobs, while studios, networks and producers face major losses, the Los Angeles Times reported.
“There may be irrecoverable losses to the movie and entertainment industry,” Brian Kingman, who helps film and television companies find insurance policies, told the Los Angeles Times. “It’s going to take a long time to sort out.”
Gambling
As a result of the coronavirus, 92% of all of the casinos in America are now closed, including those in Las Vegas, the Las Vegas Review-Journal reported. In addition, the legal sports betting industry is also suffering as live sporting events have been canceled or postponed, Business Insider reported.
These closures not only affect the hospitality and gaming employees who are now out of work, but also the U.S. economy as a whole. If casinos remain closed for two months, it would rob the U.S. economy of $43.5 billion in economic activity, the Las Vegas Review-Journal reported.
Gyms
Many gyms and fitness studios have temporarily closed as a result of the coronavirus. But the pandemic hasn’t been bad for all sectors of the fitness industry — it’s actually been good news for Peloton, which has seen an increase in share prices, CNBC reported. But as people invest more in their at-home gyms while traditional gyms and fitness studios are closed, they might be reluctant to go back once they are open, feeling that they need to justify the thousands they just spent on new equipment.
In: Operations Management