...Develop a plan for the distribution of salary increases. Suppose you are employed in a local industry, and your supervisor has assigned you to distribute annual raises that must average 4% per department among 6 team members. No team member can get exactly 4%, and the raise must be at least 2% and no more than 6%. You may establish your own criteria for distributing the raises, but you are given the years of experience and the rating on annual performance reviews for each member. A performance rating of 1 is the lowest rating possible and a rating of 5 is the highest. Employee 1 has 4 years’ experience, a performance rating of 4, and a salary of $28,500. Employee 2 has 3 years’ experience, a performance rating of 4, and a salary of $28,500. Employee 3 has 10 years’ experience, a performance rating of 4, and a salary of $32,700. Employee 4 has 7 years’ experience, a performance rating of 3, and a salary of $31,400. Employee 5 has 15 years’ experience, a performance rating of 3, and a salary of $34,500. Employee 6 has 12 years’ experience, a performance rating of 5, and a salary of $32,400. Decide the amount of increase for each member. 1. Prepare your recommendations for your supervisor that includes the following: a. A table showing the original salary, the amount of increase, the new salary, and the percent of increase for each employee. See Table Below b. Show the calculations to verify that the total amount of increases is exactly...
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...the principal fiduciary duties of boards of directors. I will speak mostly from a common law perspective. Fiduciary duties of directors were first elaborated by common law judges, operating without any guidance from the formal written law. Indeed, the company laws of the United States, and many other common law jurisdictions, contain no statement at all of the core fiduciary duties of care and loyalty. The fiduciary duties of directors are continuing to evolve, again without formal written law. The classic statement, still found in many American law school textbooks, is that directors owe to shareholders, or perhaps to the corporation, two basic fiduciary duties: the duty of loyalty and the duty of care. I believe that this is too simple a picture. There are at least two additional core duties that directors have today: a duty of disclosure, and a duty that has no precise name, that I will call the duty of extra care when your company is a takeover target. I want to offer, for each of these duties, a brief statement of the duty, why it exists; and how the duty is enforced or, sometimes, not enforced. I will speak about duties of directors, but these duties apply to officers also. 1 Duty Test for Whether Duty is Met Remedy loyalty fair process (approval by noninterested directors) or else burden on directors to show entire fairness injunction or damages care business judgment rule none, except in very extreme cases. In U.S., charter...
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...Comparing Two Magazines For my compare and contrast essay, I have decided to compare two magazines in the financial business. The name of the first magazine is” The economist” and the second magazine is “Forbes” The theme of the first magazine is to highlight, how and what type of businesses to start and make money without putting in much of the hard work. The very first page of the magazine shows an absolute image of the man and women dressed up with lots of money and a road of success. The magazine rapidity claims” Sure ways to make money”. It seems like editor is personally involved in guaranteeing the success of the business with highlighting text displaying “Make $40 Million with eco-friendly herbs and sprouts” or “Make 15 million in the first year with Dollar Varity stores” As I am turning and reading pages more and more, I realize that this magazine is not meant to show issues, techniques, pros and cons of starting up a business but it is more like infomercials showing the top returns one can reap from his investments. The magazine forces me to realize that I am missing an essential experience in my life by not starting up the business. The magazine displays beautiful color and picture schemes. The magazine also highlights few of the success stories of the entrepreneurs. Overall this magazine makes business as a seamless transition of normal day today activity to a profit generating machine, but to some extent it also highlights few realistic...
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...A. THE PRESENT ESTATES (1) Fee Simple Absolute • Future Estate: None • Language Creating FSA: (a) to “A and his heirs (b) to “A, his heirs and assigns” (c) to “A” • Duration: Unlimited • Transferability: By deed, will or intestacy • FSA is form of undivided ownership • It is unlimited in duration • Words of purchase: words of conveyance “A” • Words of limitations: words that describe or limit the estate which is transferred “to his hears”; also designate something less than FSA “to A for life” • The owner A can transfer himself does not need his hears to join him to convey • The statute usually provides that any conveyance will be presumed to pass entire estate (FSA) to the grantor unless the contrary intent is expressed in document Meaning of “words of purchase” • Does not necessary mean A bought the land it could be gift, inheritance etc Meaning of “heirs” • Has a technical meaning, descendents of a person who died intestate • Living person does not have heirs, can have presumptive heirs Meaning of “words of inheritance” • “and his heirs” are not only words of limitation but also words of inheritance • They describe inheritable estate which does not end with the holder’s death like in life estate • FSA holder has the largest estate know to law • The grantees enjoyment of the estate may be encumbered by interests in land by mortgage, private nuisance etc, government may restrict use of land in manner that would jeopardize health, safety...
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...to: Dr. Golding Identify the different interest in land and state what are the legal principles that are related to the acquisition of interest in real property. The law recognizes different sorts of interests, called estates, in real property. The type of estate is generally determined by the language of the 5 deed, lease, bill of sale, will, land and grant through which the estate was acquired. Estates are distinguished by the varying property rights that vest in each, and that determine the duration and transferability of the various estates. A party enjoying an estate is called a "tenant." There are several different ways a party can own an interest in real property. There are possessory types of interests and non-possessory types of interests. This lesson explains the main types of real property ownership. Possessory Interests When we talk about ownership interests in real property, we're actually talking about many different types of ownership. Ownership interests come in various forms and, depending on the type of interest, a landowner's rights may be limited. Let's start by exploring some of the possessory interests possible when owning land. A possessory interest is the intent and right of a party to occupy or exercise control over a particular plot of land. This is the type of ownership most of us think about when we think about land ownership. There are three main types of possessory interests: fee simple absolute, life estate, and leasehold. Let's start...
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...The Alchemist : Journal Entry #1 When the book began with the character’s name, Santiago, I was somewhat skeptical. I thought that the entire story may have been poorly written, given that translations aren’t always perfect due to grammatical differences between languages. But only within the first few moments of reading I found myself immersed into a simple and short, yet gripping, story of a young-adult’s search for destiny. When the author introduced Santiago as a shepherd travelling the land in search of nothing but a simple life, I was confused as of where he may be going with the story. When he mentions a merchant’s daughter that he has a slight infatuation with, I expected your typical love story: the boy meets a girl, the boy likes the girl, the boy tries to impress the girl, they find a mutual interest in each other, the boy makes a mistake, the girl gets upset, the boy tries to apologize, the apology is usually accepted, and then happily ever after. There may be a twist thrown somewhere in there, but nothing to get too excited about. Anyways, Santiago’s journey leads him far from that. It struck my interest that it turned out to be a philosophical writing, rather than a romance. The realism of Santiago as a character is great compared to some other readings. He provides me with someone I can surprisingly relate to. I didn’t think there would be much relation between me and a Spanish shepherd from maybe 500+ years ago. His decisions remind me that we are all still very...
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...A seminar was conducted about marriage. At first I was skeptical about the marriage seminar idea because at first we were required to attend, second of all I didn’t know who the speakers were, and last at that time of the day my attention was very slim because of the hussle and bustle of school works. Upon entering the auditorium, I was expecting a marriage councilor or a parish priest to give the talk, but to my surprise it was a couple. They began the seminar by introducing themselves as a couple who has been married for a very long time. Well to me, at least the seminar conductors were experienced and they know what they will be taking about during the seminar. Also, they told us that they conduct the seminar yearly in Don Bosco for a consecutive 8 years already. Upon hearing this, I had a lot of expectations already even before the seminar started. So the seminar started about the whole background of marriage. Of course, there were several scenarios where there are a lot of reasons why a person should or should not get married in the first place. The first thing I remember they told us when they began the seminar is that marriage is not an event, it’s a lifetime commitment. To me the statement wasn’t really a surprise. Being a born-again Christian, I was exposed to the do’s and don’ts of having a relationship. In the seminar, they told us that building a relationship we should always consider marriage. That our reasoning and actions should always lead to a proper and God...
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...the intended interest? How should this be conveyed? What interests should he give to whom? What kind of remainder interests and tenancies should he give to the children? What type of deed is necessary for this conveyance? Rule: The Rule in Shelley’s Case states that a remainder interest cannot be created in the heirs of the holder of the present interest. The theory behind it is that a person should be able to decide what his or her own heirs will inherit and should not have that decision dictated by a grantor of property. The rule has been abolished in most states. The Doctrine of Worthier Title dictates that a grantor cannot create a remainder interest in his own heirs. The idea behind this rule is that a grantor should rather keep a reversion for himself and then distribute the property to his heirs through the normal inheritance methods. The Doctrine of Worthier Title has been abolished in some states, but still exists as law in many other states Analysis: Since Barry doesn’t want the property in his name due to his financial situation, following the Doctrine of Worthier Title idea of keeping the reversion for himself is not a sensible option. The Rule in Shelly’s Case has been abolished in most states. This being the case, we will proceed in this manner as the state of New Tutor does not acknowledge this rule. Conclusion: A fee simple absolute should be given to Lucy, and then the same to their heirs. being divided between his heirs in a fee simple absolute. . The...
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...ASSIGNMENT: 1 EVALUATION OF TEACHING NAME: ZAINAB JAVED WORD COUNT: 1274 CONTENT PAGE Content Page no. 1. Introduction ……….. 3 2. Successful elements ………… 3 3. Achievement of learning objectives …………….. 3 4. Classroom management …………….. 4 5. Teacher learner language 6. Rationale foe elements being successful 5 7. Unsuccessful elements ……………... 7 8. Achievement of learning objectives ……………... 7 9. Classroom management … …………... 8 10. Steps...
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...scent of women It is safe to say that most women like to smell good. Perfume holds the power that woman are what they wear. Women’s magazines everywhere show ad after ad about perfume and what she will be able to do once they wear it. However, not all women have the same tastes and interests. In order for perfume ads to be successful, advertisers cannot just use one kind of formula to appeal to attract women. Sporty women compared to high class conservative women probably do not have the same taste in perfume, as would a teenager compared to a 50-year-old woman. Advertisers must use a variety of tactics to sell women’s perfume in order to appeal to the different types and personalities of today’s women. Many perfume ad campaigns nowadays use simple women doing simple things but clearly enjoying it. The ad campaign for Clinique’s perfume lines is a very good example of this. In the May issue of Teen People, the ad for Clinique’s perfume, “Happy,” shows a woman wearing a sleeveless turtleneck sweater. Although not clearly shown, the girl seems to have a huge smile on her face but is hidden behind her turtleneck. The caption of the ad says “Clinique happy.” Although it is a simple ad, it deems as effective toward women. Featured in a magazine targeted to teens, the girl in the ad is young looking, which would relate to teens. As for older women, it would appeal to them as well so they too can feel young and fresh again. Another ad for a Clinique perfume is for “Simply...
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...Outline: The topic is contrast between the city life and the country life, and the contrast is based on self experience I used to be. The city life: busy, pressure, hard work, achievement, convenience, shopping, movie, entertainment, the air pollution, the busy mass transmission system, my parents, my siblings, coldness between people, everything is complex The country life: my old and stubborn grandpa, my tender grandma, the nostalgia, the tangerine garden, the old house, living on the mountain, fresh air, comfortable atmosphere, the life without worry, get up early, quiet, seldom going to the town, no many shopping store, do not have to worry about the relationship between people, simple food for every meal Possible idea for contrasting: complex relationship to people versus simple relationship to people, the convenience life versus isolated life on the mountain, the irregular and regular work and rest life Text: Everyone has her own image to the city life and the country life; therefore I have my own idea to these two kinds of life style. To me the city life is quite different to the country life, and the comparison sources are my life experience and my memory. I lived with my grand parents in the country in my childhood; after I finished my first year in the elementary school, I came to live with my parents in the Taipei County. From then on, I go back to my grandparents’ old house when it is summer or winter vacation. Under this situation, the differences between...
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...Quiz 8 1. Which is the greatest interest a person can have in land? Answer | A. | Estate in fee simple | | B. | Life estate | | C. | Leasehold Estate | | D. | Homestead estate | | E. | Rights by prescription | 1 points Question 2 1. If you turn a valuable watch that you have found over to the police, they gain prior title to the watch. Answer True False 1 points Question 3 1. Which of the following is NOT considered a lesser interest in land? Answer | A. | Easement | | B. | Right of way | | C. | Licence | | D. | Fee simple | | E. | None of the above | 1 points Question 4 1. Which of the following is NOT a type of leasehold tenancy? Answer | A. | term lease | | B. | periodic tenancy | | C. | tenancy at will | | D. | tenancy in common | | E. | tenancy at sufferance | 1 points Question 5 1. Included in the title to property is all the space above and below the land. Answer True False 1 points Question 6 1. Which of the following is an example of gratuitous bailment for the benefit of the bailor? Answer | A. | Kay rents a video | | B. | Kay loans her friend a shovel to do yard work | | C. | Kay gives her plant to a friend to look after while she is on vacation | | D. | Kay parks her car in a car lot | | E. | Kay rents a car for the weekend | 1 points Question 7 1. When a trade-mark is registered, it gives protection for a period of 50 years. Answer True...
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...mathematics and its simple applications. Links to other subjects Subject CT2 – Finance and Financial Reporting: develops the use of the asset types introduced in this subject. Subject CT4 – Models: develops the idea of stochastic interest rates. Subject CT5 – Contingencies: develops some of the techniques introduced in this subject in situations where cashflows are dependent on survival. Subject CT7 – Business Economics: develops the behaviour of interest rates. Subject CT8 – Financial Economics: develops the principles further. Subjects CA1 – Actuarial Risk Management, CA2 – Model Documentation, Analysis and Reporting and the Specialist Technical and Specialist Applications subjects: use the principles introduced in this subject. Objectives On completion of the subject the trainee actuary will be able to: (i) Describe how to use a generalised cashflow model to describe financial transactions. 1. For a given cashflow process, state the inflows and outflows in each future time period and discuss whether the amount or the timing (or both) is fixed or uncertain. Describe in the form of a cashflow model the operation of a zero coupon bond, a fixed interest security, an index-linked security, cash on deposit, an equity, an “interest only” loan, a repayment loan, and an annuity certain. 2. (ii) Describe how to take into account the time value of money using the concepts of compound interest and discounting. 1. Accumulate a single investment at a constant rate of interest under the operation...
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...James A Life of Simplicity We are always taught while growing up that we must always aim for the stars, that life can always get better, if and only if you aim big. We are taught that a great life can only be achieved through material and monetary means. That your self worth is only equal to what you own. The aim of society is no longer to be free and live a life of comfort but to be a part of the bigger picture and feed the machine. Henry David Thoreau expresses his concern on these issues in detail in his works Walden and “Civil Disobedience”. Life should be led with simplicity. This is Thoreau’s mantra as he began his two-year experience of minimalist living. Thoreau is explicit that life should not be so difficult and so overwhelming. That life should be just what you need it to be, no more no less. It’s an odd train of thought into today’s culture. We are always aiming and asking for more. Whether it is the newest cellphone or the newest video game system (which are both overpriced and offer little to no modifications). Thoreau speaks on this, “Most luxuries, and many of the so-called comforts of life are not only not indispensable, but positive hindrances to the elevation of mankind.” This statement is still true to this day. What good does it do us to have the biggest, most gas guzzling vehicle on the street? How do we benefit from excessive means of social media? The short answer: nothing. While most people will agree that, in general, a majority of the most...
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...Simple Interest Unit 4: Instructor Graded Assignment In these questions, you will need to use the date that unit 4 starts for your class. List the date that Unit 4 started for your class: * Unit 4 start date: May 7, 2014 Question 1 1. You decide to take out a simple interest loan for $5000, at 7% yearly interest on the date that unit 4 starts for you. If you repay the loan on December 31st (at the end of the current year)... a) How much do you pay total when you pay off the loan? R= 7% =0.07 T= 238/365 = 0.65 A= P (1 + rt) A = 5,000 (1 + (0.07 X 0.65) ) A= 5,000 X 1.0455 A= $5,227.50 b) How much interest do you pay? Amount Accured – Principal = Interest 5,227.50 – 5,000 = $227.50 or I = PRT I = 5,000 X 0.07 X 0.65 I = $227.50 Question 2 2. You decide to take out a $20,000 simple interest loan at 4%, on the date unit 4 started for you. a) In 45 days you decide to pay off $8000 of the loan. What is your new principal? Explain how you got the answer. I = PRT I = 20,000 X 0.04 X (45/365) I = 20,000 X 0.00493 I = $98.63 Payment = Principal – Interest $ 7,901.37 = 8,000 – 98.63 New Balance = Previous Balance – Principal payment $12, 098.63 = 20,000 – 7,901.37 To get the new principal, I need to go get the interest and the payment to get the new balance. b) 30 days after the first payment, you pay another $6000. What is your new principal? Explain how you got the answer you did. I=PRT I= 12...
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