Assignment 1 Essay

In middle school, I had a friend who did not have a lot of materialistic things everyone else had, clothes, shoes or jewelry, a fancy cell phone. Sometimes you would see her wearing the same shirts. A lot of people would say she used to steal from friends or clothing stores or from grocery stores, in general, I would have to say this lesson taught me a lot. You never know what someone is going through.

Revising a time-driven activity-based cost system, adding products Refer to the Madison Dairy ice cream plant example described in this chapter.

1. Using Figure 6-2, enter the activities, their durations (in days), and their relationships in Project 2010. Use a project start date of August 3, 2009. View the network diagram. Does it look like Figure 6-4? Print the network diagram on one page. Return to the Gantt chart view. Click View on the menu bar, select Table: Entry, and then click Schedule to re- create Table 6-1. You may need to move the split bar to the right to reveal all of the

In the defined contribution plan, the contributed amount is invested as per employee’s direction. Employer do not have obligation after depositing money, so it is riskier for an individual employee. In the defined benefit plan, employee does not have control over the money until they are retired. Employer has responsibilities for the fund, so the defined benefit plan is

(b) What is the NPV for both projects? If the company applies the NPV decision rule, which project should it take?

To solve these problems an employee can acquire a pension policy at a pension fund. A pension fund hires employees with the knowledge about investing and imposes the discipline of saving an adequate amount of money each year. Also, a pension fund can make use of economies of scale by pooling many employees, which lowers many costs for example administration costs.

The fact pattern for this week’s assignment is attached below. The assignment is due Monday, December 3rd, by 6:00 pm. It is a brief assignment that will make you think about employee-employer hiring and how it relates to the concept of negligence. Light research will assist you in answering the questions...

1. Read Articles "Deep Change" and "Services revolution". It should help you with the task below.

Companies and government entities enable employees to prepare for future retirement by offering employees a variety of retirement options. Retirement options are broken into two categories: defined benefit plans and defined contributed plans. Defined benefit plans include pension plans, which allow employees to receive guaranteed payments calculated by focusing on the number of years of job commitment and average yearly salary. Additionally, the employer takes on the investment risk instead of the employee. Contributions by any of the parties are optional, however, contributions are mandatory for defined contribution plans. Popular examples include 401(k) or 403(b) plans, which employees can elect to include a portion of a paycheck to the plan as a contribution twice a month (Defined Benefit Plan 2016) (Defined Contribution Plan 2016).

* The best option would be the Plan C with bringing NPV to $75,000, in this alternative we will only subsidize $112,666 as an initial investment.

1. You are contemplating buying a pension policy. Your financial advisor tells you that to buy the pension policy, you have to pay (or contribute to) the pension fund an amount that is constant in real terms every year, starting 1 year from now, for the next 30 years (i.e. until and including the year 2039). In return, the pension fund provider shall pay an annual pension to you for the subsequent 30 years (i.e. starting in the year 2040) that is constant in real terms. Assume a long-term nominal interest rate of 6% per year. With your current standard of living (which you would want to retain once you retire), you expect that you would need Rs. 240,000 per year in real terms as pension. Assume that the

I have provided Harvard style references for all the ideas, empirical evidence and other materials I have used.

Based on the analysis, the choice between these two benefit plans is made. However, the details of implementing such a plan will not be provided.

In the formulation of the benefit plan, the management sought the services of an independent human resources firm. The firm has a team of qualified professional to design suitable plans taking in consideration the legal guidelines set out by the government. Reliance, therefore, rests assured that the plan effectively meets the legal provisions and its application attains accolades from labor unions. The plan tends to favor the

Employee benefits play an increasingly important role in the lives of employees and their families, and have a significant financial and administrative impact on a business. Most companies operate in an environment in which an educated work force has come to expect a comprehensive benefits program. Indeed, the absence of a program or an inadequate program can seriously hinder a company's ability to attract and keep good personnel. Employers must be aware of these issues and be ready to make informed decisions when they select employee benefits.