Personal use assets, Operation Management

Rose  considers herself  a relatively conservative investor  and  the  score  from her investor profile questionnaire categorizes her as an "income and moderate growth" investor. She has been with the City for 18 years and has been a member of OMERS for the entire time.

Her pension adjustment from OMERS means she does not contribute a great deal to her RRSP each year. And she took some time off when the children were born. However, she has been able to contribute the maximum possible each February and currently has $23,000
in her RRSP invested in a Canadian dividend fund earning 5% a year.

Hint: When calculating Rose's PA, see Example 6 in Chapter 5 for guidance (the CPP Offset is not calculated exactly the same) but be sure to use the OMERS benefits shown in Focus Box 4-2 in Chapter 4. Use a 5-year average YMPE of $42,700.

Their principal residence is valued at $325,000 and  the house  is held in  joint tenancy by Leonard and Rose. Household contents are valued at $75,000 while their clothes are estimated to be worth $35,000. Rose has a 4-year-old automobile, which is worth approximately $9,000. On May 31, 2006, Leonard signed a 5-year lease on his car. The car cost $36,000 and he made a 20% down payment toward the lease and his monthly lease payments are made at  the beginning of  the month beginning June 1, 2006. He  is paying interest of 4.8% on  the lease and plans to buy the car for  the 20% buyout when the lease expires. The car has a current market value of $28,000.

Posted Date: 3/1/2013 7:09:35 AM | Location : United States







Related Discussions:- Personal use assets, Assignment Help, Ask Question on Personal use assets, Get Answer, Expert's Help, Personal use assets Discussions

Write discussion on Personal use assets
Your posts are moderated
Related Questions
Understanding or Knowing Customer - Customer Satisfaction and Service Quality Involves making the effort to understand the customer's needs. It involves: learning the customer

You are to simulate arrivals and departures from a fictional airport with a single runway which has a capacity of handling a total 6 aircraft at once (any mix of take-offs and land

Advantages of Production Planning and Control 1. Higher productivity: The productivity can be improved by taking care of production methods and time. 2. Removal of Hurdles

Q. What is need of computer aided manufacturing to manufacturing operations? Computer aided manufacturing (CAM) automates production for illustration programmable and robotic p

Determine the price and quantity of toasters: There are 100 producers of toasters. Half of the producers are "low quality," i.e. their products will break with probability of

How has the increase in uncertainty in business affected the "make-or-buy" decision, and is this trend likely to change?

Hello! I need some help creating a ghant shedule for silo bins. I am harvesting, and I have large grain bins which will be filled depending on how fast we harvest. I also need to

THE SCOPPE AND NEED OF CUSTOMER SERVICE

The Hickory Cabinet and Furniture Company makes chairs and tables. The company has developed the following nonlinear programming model to determine the optimal number of chairs (x1

E-commerce is the trend that most companies are going toward now a days. You are to select one business that does not already employ e-commerce and develop an Internet strategy for