Homework Answers
Compensation for medical expenses :
The expenses begin at $100,000 and increase at a rate of 10% per year and since he has the expected life of 20 years, we will take the PV of his future medical costs for the next 20 years. The calculations for which are given below :
The sum of the PV of the medical expenses is = $3071047.954 or $3.07 million
Compensation for forgone income:
He would have earned $50,000 per year which would increase at 3% per year but now due to his injury he will only earn 80% of his income.
Thus the calculations for the present value of his forgone income for his next 10 years will be:
Thus the total compensation for forgone income = $87475.96
Therefor Paul must be awarded $3,158,523.91.
Add Answer to:
1.)Paul was injured in an accident. In addition to considerable discomfort, the best estimate is that...
this is all the information given Personal Financial Planning Mini-Case Jeff and Mary Douglas, a couple...
this is all the information given
Personal Financial Planning Mini-Case Jeff and Mary Douglas, a couple in their mid-30s, have two children - Paul age 6 and Marcy age 7. The Douglas' do not have substantial assets and have not yet reached their peak earning years. Jeff is a general manager of a jewelry manufacturer in Providence, RI while Mary teaches at the local elementary school in the town of Tiverton, RI. The family needs both incomes to meet their...
Jimmy and Jane Have Goals Jimmy Johnson is 25 years old. He and his wife Jane...
Jimmy and Jane Have Goals Jimmy Johnson is 25 years old. He and his wife Jane have two children, Emmitt and Patricia, ages 2 and 4 respectively. Jimmy wants to retire in 40 years and build boats. He would like a nice retirement home with some land on a peaceful lake in the mountains of Georgia. Jimmy believes that to purchase a home and lot in 40 years would cost $300,000 in today’s prices. In forty years Jimmy also believes...
1. Suppose a person lives for two periods (working life and retirement) earning $30,000 in income...
1. Suppose a person lives for two periods (working life and retirement) earning $30,000 in income in his working life, during which he consumes or saves for period 2. What is saved earns interest of 5% per year. a. Draw this person’s intertemporal budget constraint. b. On the same graph, draw this person’s intertemporal budget constraint if the government taxes interest at 30%. c. Suppose the government increases the tax rate on interest earned and this person saves more. What...
Estimate purchases in 1996. (Hint: Cost of goods equals purchases plus beginning inventory minus ending inventory.)...
Estimate purchases in 1996. (Hint: Cost of goods equals
purchases plus beginning inventory minus ending
inventory.)
Use the percent of sales method to estimate funds needed
in 1996 using the 1995 percentages.
CASE 1 2 TOPEKA ADHESIVES (1) FINANCIAL FORECASTING Karen and Elizabeth Whatley are twins. Their mother teaches Physics at a mid- western university and their father runs a successful engineering firm. Not sur- prisingly, they are quite gifted at math and science, and they've displayed these talents in...
A. Issues [1] In addition to damages for one year's notice period, can a trial judge...
A. Issues [1] In addition to damages for one year's notice period, can a trial judge award significant damages for the mere fact of an employee's dismissal, or for the stigma that that dismissal brings? Or for the employer thereafter competing with the ex-employee for the clients, before the ex-employee has got a new job? B. Basic Facts [2] This is an appeal from 2009 ABQB 591 (CanLII), 473 A.R. 254. [3] Usually a judgment recites facts before law. But...
Grading Obamacare: Successes, Failures and ‘Incompletes’ We’ve updated this article with the news that Republicans abandoned...
Grading Obamacare: Successes, Failures and ‘Incompletes’ We’ve updated this article with the news that Republicans abandoned a vote to repeal the Affordable Care Act. As House Speaker Paul Ryan acknowledged, Obamacare is still “the law of the land.” Did Obamacare work? It’s worth reflecting upon after President Trump and House Republicans failed on Friday to repeal and replace the “disaster” of Obamacare. Ever since the Affordable Care Act was passed in 2010, it has been so contentious that it can...
Part B. Gross Income Inclusions & Exclusions For each Q-6 through Q-19 below, determine whether the...
Part B. Gross Income Inclusions & Exclusions For each Q-6 through Q-19 below, determine whether the item described should be INCLUDED IN or EXCLUDED FROM the Gross Income of the taxpayer who receives the item. • Darken Box A on the Scantron sheet if the item should be INCLUDED IN gross income • Darken Box B on the Scantron sheet if the item should be EXCLUDED FROM gross income 6. $25,000 scholarship for tuition and books received by a full-time...
please help answer these Financial Analysis Exercise #1 You are the newest Financial Analyst in Investments,...
please help answer these Financial Analysis Exercise #1 You are the newest Financial Analyst in Investments, you need to demonstrate your prowess in Excel, your outstanding written skills and ability to communicate. Mr. Richards is the Executive Vice President and Chief Investment officer in your new firm. You are being asked to complete a series of “pet” projects for Mr. Richards. You have been told not to try to impress him, just do the work and stick to the facts....
1. Why is growing the number of users such an important metric for social media companies?...
1. Why is growing the number of users such an important metric
for social media companies? How does Metcalfe’s Law relate to the
profitability of social media companies?
2. Most social media companies rely on ad revenue as their
main source of income. What are other ways that LinkedIn generates
income? Why is it important for a company to have multiple ways of
generating income?
3.Why do recruiters and job seekers like LinkedIn? Explain why
an employer may dislike LinkedIn....
SECTION A (50) Read the case study below and answer the questions. SHORT RUN STABILIZATION AND...
SECTION A (50) Read the case study below and answer the questions. SHORT RUN STABILIZATION AND LONG RUN COMPETITIVENESS: THE LAVITAN CASE Growth of a young country Latvia – a small, young country on the east coast of the Baltic Sea – has recently earned the title of a ‘‘tiger’’. After gaining its independence from the Soviet Union in 1991, the country embarked upon a challenging road of transitioning from a planned to a market economy. The first decade proved...
this is all the information given
Personal Financial Planning Mini-Case Jeff and Mary Douglas, a couple in their mid-30s, have two children - Paul age 6 and Marcy age 7. The Douglas' do not have substantial assets and have not yet reached their peak earning years. Jeff is a general manager of a jewelry manufacturer in Providence, RI while Mary teaches at the local elementary school in the town of Tiverton, RI. The family needs both incomes to meet their...
Estimate purchases in 1996. (Hint: Cost of goods equals
purchases plus beginning inventory minus ending
inventory.)
Use the percent of sales method to estimate funds needed
in 1996 using the 1995 percentages.
CASE 1 2 TOPEKA ADHESIVES (1) FINANCIAL FORECASTING Karen and Elizabeth Whatley are twins. Their mother teaches Physics at a mid- western university and their father runs a successful engineering firm. Not sur- prisingly, they are quite gifted at math and science, and they've displayed these talents in...
A. Issues [1] In addition to damages for one year's notice period, can a trial judge award significant damages for the mere fact of an employee's dismissal, or for the stigma that that dismissal brings? Or for the employer thereafter competing with the ex-employee for the clients, before the ex-employee has got a new job? B. Basic Facts [2] This is an appeal from 2009 ABQB 591 (CanLII), 473 A.R. 254. [3] Usually a judgment recites facts before law. But...
Part B. Gross Income Inclusions & Exclusions For each Q-6 through Q-19 below, determine whether the item described should be INCLUDED IN or EXCLUDED FROM the Gross Income of the taxpayer who receives the item. • Darken Box A on the Scantron sheet if the item should be INCLUDED IN gross income • Darken Box B on the Scantron sheet if the item should be EXCLUDED FROM gross income 6. $25,000 scholarship for tuition and books received by a full-time...
1. Why is growing the number of users such an important metric
for social media companies? How does Metcalfe’s Law relate to the
profitability of social media companies?
2. Most social media companies rely on ad revenue as their
main source of income. What are other ways that LinkedIn generates
income? Why is it important for a company to have multiple ways of
generating income?
3.Why do recruiters and job seekers like LinkedIn? Explain why
an employer may dislike LinkedIn....
Most questions answered within 3 hours.
-
Calculate the wavelength of light (in nanometers) emitted from a
hydrogen atom if the electron is...
asked 8 minutes ago -
Please answer in Python 3! 16.2** (Maximum increasingly ordered
subsequence) Write a program that prompts the...
asked 13 minutes ago -
Energy is carried by which of the following waves?
(Select all that apply)
a) light wave...
asked 13 minutes ago -
(Part 1) An investor wants to have $1,000,000 when she retires
in 20 years. If she...
asked 14 minutes ago -
ESP8266/Arduino UNO and temperature sensor MCP9700A.
Temperature sensor gives incorrect temperature readings in
celsius.
Both ESP8266...
asked 15 minutes ago -
1. Why has Dunkin’ Donuts increased its focus on
coffee?
2. Describe the strategy that Dunkin’...
asked 23 minutes ago -
two lady bugs sit on a rotating disk without slipping. lady bug
1 is half away...
asked 27 minutes ago -
Core Concepts of Accounting Information Systems
Discussion Question #4
Does a company have the right to...
asked 33 minutes ago -
Why does the Solow model cannot explain growth in the long run?
What is the role...
asked 35 minutes ago -
Question 8 Interactive LearningWare 26.2 offers a review of the
concepts that play roles in this...
asked 39 minutes ago -
draw product of cyclohex-2-en-1-one, Sodium methoxide and
hydronium workup
asked 48 minutes ago -
In a certain state, about 65% of drivers who are arrested for
driving while intoxicated (DWI)...
asked 49 minutes ago