On the Forbes 2021 list of the World’s Billionaires, Jeff Bezos ranks at the top with a net worth of US$177 billion. Does he face scarcity, or does scarcity only affect those with more limited incomes and lower net worth?
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c. On the Forbes 2021 list of the World’s Billionaires, Jeff Bezos ranks at the top
with a net worth of US$177 billion. Does he face scarcity, or does scarcity only
affect those with more limited incomes and lower net worth?
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- At the height of his fortune, Masayoshi Son, a Japanese businessman known for making very accurate forecasts, was said to be worth a record $78 billion. He was a victim of the dotcom bubble burst in 2000, when he lost more than $59 billion when his SoftBank shares plummeted (which would be over $1 trillion today when taking into account inflation), according to Forbes. Some claim it was the single biggest overnight loss in net worth. SoftBank shares plummeting was a total shock considering the strength of the bank brand and how convincing the future of SoftBank looked from Masayoshi's perspective. Still, Son continues to be a billionaire with the prospect of investing in similar stocks in the future, and according to Bloomberg, he has a current net worth of $13.3 billion as of Nov. 14. Choose the most appropriate answer below; Question 5 options: A cocktail of biases is involved here such as regret avoidance, mental accounting, and conservatism. Masayoshi Son will be more careful in…As a financial analyst at Deutsche Bank, you are analyzing the after tax returns for your client. Suppose your client bought a share of stock of AMD at $60, a share of stock Oracle at $70, and a share of IBM at $80. A year later, after your client received a $3 dividend from AMD, $4 dividend from Oracle, and $5 from IBM, he sold the stock AMD at $65 per share, sold Oracle at $75, and sold IBM at 80. What are the expected after tax returns for your client if your client is (a) a church investment fund (tax-exempt status) (Sample answer: 10.55%) (b) a corporation paying tax at 21% (remember that corporations may exclude 70% of dividends received from domestic corporations in the computation of their taxable income) (Sample answer: 10.55%) (c) an individual paying tax at 21% on capital gains and dividend income at 35%? (Sample answer: 10.55%) (d) a security dealer paying tax at 28% on both dividend income and capital gains? (Sample answer: 10.55%)You are invested in GreenFrame, Inc. The CEO owns 3% of GreenFrame and is considering an acquisition. If the acquisition destroys $60 million of GreenFrame's value, but the present value of the CEO's compensation increases by $6.5 million, will he be better or worse off? The CEO will be ____because his wealth has changed by $ million.
- Suppose that the government has a wealth tax at the rate of 2% on the assessed value of wealth. Suppose that Wendy has invested all her wealth in a private corporation. Her wealth amounts to $4,000,000 in shares of this company. Suppose that this stock delivers a dividend income of $200,000 per year. Assume there is no inflation and that interest rates are 3%. Show your work. 1. Wendy’s wealth tax liability is $___________________. 2. Wendy’s shares generate a net of tax income is $___________________ per year. 3. Suppose a Conservative party were elected on a platform of eliminating the wealth tax. The value of Wendy’s shares if the wealth tax was eliminated would be $______________. 4. The elimination of the wealth tax would reduce government tax revenue and create a budget deficit. Suppose that the country currently has no income tax, but the deficit has the government considering introducing a personal income tax that would replace the lost wealth tax revenue. A personal income…John asked for your help regarding his plant to invest in the Philippine Stock Exchange. Currently, he has P1,000,000 extra money which he plans to invest in Jollibee Foods Corporation, expecting that the company will continue to perform well in the future. Is it advisable for John to invest all his money in just one company? Why or why not? Discuss.The ownership of stocks can mainly be seen with those with higher income. In fact, according to US News & World report, 92% of the people that are in the top 10% of the income ladder had reported to have owned stock, while the middle class had only 56% of the people who own stock. What are the ramifications of a small population of people owning a significant amount of the stocks?
- 1.) The client inherited stocks from their grandfather when he passed away. Their grandfather bought half of them a month ago for $100,000 and they are now worth $150,000. The other half was purchased two years ago for $250,000 and they are now worth $500,000. The client wants to sell them tomorrow - what will the tax consequences be?On April 29, 2017, Corey purchased 2,000 units in a Canadian mutual fund company for $13,000. On April 29, 2021, he sold 1,500 shares when they hit $29/share and incurred a large gain. He of course bragged about the gain but did not tell anyone about the capital loss of $5,000 that he also incurred on some other mutual funds sold earlier in the year in January 2021. His tax rate is 40%, how much tax will he pay on the sale of these investmentsOver the past few years, Microsoft founder Bill Gates' net worth has fluctuated between $20 billion and $130 billion. In early 2006, it was about $26 billion —after he reduced his stake in Microsoft from 21 percent to around 14 percent by moving billions into his charitable foundation. Let's see what Bill Gates can do with his money in the following problems. a. Manhattan's native tribe sold Manhattan Island to Peter Minuit for $ 24 in 1626. Now, 387 years later in 2013, Bill Gates wants to buy the island from the "current natives." How much would Bill have to pay for Manhattan if the "current natives" want a 4 percent annual return on the original $ 24 purchase price? b. Bill Gates decides to pass on Manhattan and instead plans to buy the city of Seattle, Washington, for $ 60 billion in 10 years. How much would Bill have to invest today at 8 percent compounded annually in order to purchase Seattle in 10 years? c. Now assume Bill Gates…
- Over the past few years, Microsoft founder Bill Gates' net worth has fluctuated between $20 billion and $130 billion. In early 2006, it was about $26 billion—after he reduced his stake in Microsoft from 21 percent to around 14 percent by moving billions into his charitable foundation. Let's see what Bill Gates can do with his money in the following problems. a. Manhattan's native tribe sold Manhattan Island to Peter Minuit for $24 in 1626. Now, 387 years later in 2013, Bill Gates wants to buy the island from the "current natives." How much would Bill have to pay for Manhattan if the "current natives" want a 5 percent annual return on the original $24 purchase price? b. Bill Gates decides to pass on Manhattan and instead plans to buy the city of Seattle, Washington, for $50 billion in 10 years. How much would Bill have to invest today at 11 percent compounded annually in order to purchase Seattle in 10 years? c. Now assume Bill Gates only wants to invest half…Over the past few years, Microsoft founder Bill Gates' net worth has fluctuated between $20 billion and $130 billion. In early 2006, it was about $26 billion—after he reduced his stake in Microsoft from 21 percent to around 14 percent by moving billions into his charitable foundation. Let's see what Bill Gates can do with his money in the following problems. a. Manhattan's native tribe sold Manhattan Island to Peter Minuit for $24 in 1626. Now, 387 years later in 2013, Bill Gates wants to buy the island from the "current natives." How much would Bill have to pay for Manhattan if the "current natives" want a 4 percent annual return on the original $24 purchase price? b. Bill Gates decides to pass on Manhattan and instead plans to buy the city of Seattle, Washington, for $50 billion in 9 years. How much would Bill have to invest today at 11 percent compounded annually in order to purchase Seattle in 9 years? c. Now assume Bill Gates only wants to invest half his…What It Means to Invest in Stocks? Common stock is considered to be one of the most popular investment vehicles for long-term wealth building. Investors earn income from common stock in the form of dividends and/or capital gains. As an investor it is important to understand the implications of investing in stocks from a tax perspective. Two years ago, Clancy purchased 100 shares of a particular company’s stock at a price of $136.55 per share. Last year, Clancy received an annual dividend of $1.75 per share, and at the end of the year, a share of stock was trading at $140.76 per share. This year, Clancy received an annual dividend of $1.93 per share and afterward sold all 100 shares at a price of $150.97 per share. In the first column of the following table, enter the total annual dividends Clancy received each year, as well as the total capital gains at the end of each year. Suppose Clancy is in the 35% tax bracket. Compute the taxes Clancy pays each year on dividends and capital gains…