Problem Set 6 and Car Buying Assignment Research Paper

Problem Set 6 and Car Buying Assignment - Research Paper Example f $8,143= ($1221.45+$750) =$1,971.45(deductible) Stop-loss feature policy=$3,000 =$3,000-$1,971.45=$1,028.55 Sarah’s friend was not right due to the fact that the stop loss policy was expensive (Ferenc, 2011). Solution to question 5 Coverage=80% out total expenses Deductible=$500 Medical expenses=$1,100 Amount paid by the insurance=? =$1100-$500=$600 80% of 600=$480 Problem Set 7 Solution to question 1 Total assets=$225,000,000 Total liabilities=$5,000,000 Total shares=$4,400,000 Net asset value= (total assets-total liabilities)/total number of shares Net asset value= ($225,000,000-$5,000,000)/4,400,000=$50 per share Solution to question 2 A Amount invested=$10,000 Interest rate =8.5% Mortgage=$90,000 Selling price=$120,000 Purchase price=$100,000 Gross profit= ($120,000-$100,000) =$20,000 B. Net profit/loss=gross profit-interest paid for the three years Interest paid for the three years= (8.5%x 90,000x3) =$22,950 Net profit or loss=$20,000-($7,650x3) =$20,000-$22,950= -$2,950 (loss) C. Rate of return= $(-2950/20,000) x 100% =14.75% Solution to question 3 Total assets=$108,000 Total liabilities=$16,800 Net worth=total assets –total liabilities Net worth= (108,000-16,800) =$91,200 Solution to question 4 Amount accumulated=$4,000,000 Period=45 years 3 children and 5 grandchildren A. According to objective 4 Barry and Mary can gift $13,000 each to anyone of their choice. Amount gifted to the three children= ($13000 x 2 x3) =$78,000 B. For grand children= ($13,000 x2 x5) =$130,000 C. Total amount of estate remove = ($130,000+$78,000) =$208,000 Solution to question 5 A Return on investment= ($240,000-$200,000)/200,000) x 100%= 20% B. Amount invested=$20,000 Amount borrowed=$180,000(interest free) Return on investment= ($240,000-$200,000) =$40,000 ($40,000/$20,000)100=200% Car Buying Assignment The new Mercedes M class that is ML350 sport utility is one of the recent models from Mercedes Benz in the market. The car is affordable and within the budget con straint hence creating an opportunity to individual the chance of ownership after considering a number of factors such as price, registration expenses ,taxes and the maintenance costs (www.cars.com)The choice of this car majorly depends on the market price, for instance in this case, the car is priced at 65,000 dollars when all the costs have been incorporated. The amount of tax payable by the buyer is also fair because if one was to buy this car then they will pay tax at the rate of 8 percent up to 60 months, this result into a reasonable monthly payment of 838.48 dollars. In this case, it is very important to consider the element of tax before one buys a particular car so as to enable the preparation of an appropriate budget which enables one conform to the right budget without straining financially (Paul and Champion, 2005). In addition, the costs such as fixing costs and registration will vary depending on the model of the vehicle that one wants to purchase. Therefore, factors o f price, tax, registration costs and fixing costs should be given a priority especially before an individual

Abraham Lincoln's Dred Scott Decision & Peoria Speech Essay

Abraham Lincoln's Dred Scott Decision & Peoria Speech - Essay Example In addition, no blacks qualified to seize any position in any office through the introduction of the Illinois law. In a dialogue that Lincoln delivered in Peoria, he stated that if by chance, he had the power; his first inclination would be to free all slaves and dispatch them all to their native land. According to Abraham Lincoln, the position of superior and inferior in the American states meant to reduce the number of blacks entering the country. However, he later discovered that his plans were impossible since the whites needed blacks for labour. The main questions that run over his mind were whether the blacks might be both politically and socially equal to whites. Lincoln rejected this major aspect. He did not believe the black to be his equals, he never at any chance, favour the blacks. However, besides his hatred towards the blacks he tried stopping the slavery trade (Basler 121). Lincoln always denied the blacks the right to vote, he was never ready to bring on political and social equality between the black and the white. The main reason as to why he wanted to be away from the black is his hatred towards the black race. Lincoln believed there was a substantial diversity between the black and the white, which in his judgment he always prevented blacks and whites living together on the basing of ideal equality. Lincoln was always in favour of the white race, which he belonged.