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Kevin who is now aged 32 was employed for 12 years by the Thirsty Water Company. He had worked his way up to a Project Manager from starting as a Call Centre Operator where he started after leaving school. The employer offered a defined benefit scheme of 1/60th where employee contributes 6% and employer contributes a further 6%. He joined the company pension scheme at the age of 25. Kevin has recently been made redundant from Thirsty Water Company - he was deeply upset. His salary at leaving was £28,000p.a. and he received a lump sum payment of £12,000 for redundancy.
Following his redundancy Kevin found alternative employment with Best Phones as a Store Sales Person. He was not expecting to stay in this role long but took it as a stop gap until he found suitable employment - however 18 months down the line he is still with Best Phones as the current economic environment has made it difficult to find more appropriate employment.Best Phones offered Kevin the opportunity to join their Group Money Purchase Pension Scheme which is administered by X Financial Services one of UKs leading Financial Services Organisations. Up until now Kevin had not joined the pension scheme as he was not intending to stay with this employment. However, he is now concerned that he has not made any contributions towards his retirement planning and the option of moving employers in the short term is looking grim.
Required: Evaluate Kevin's options making some recommendations regarding his retirement and investment planning, include the reasons for your recommendations.
Rocky Mount Metals Company manufactures an assortment of wood-burning stoves. The average selling price for the various units is $500. The associated variable cost is $350 per unit. Fixed costs for the firm average $180,000 annually.
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Suggest one (1) key economic factor that motivates leasing as an option in acquiring an asset. Explain the potential asymmetries that may exist where leasing may be beneficial to both the lessors and the lessee.
Slattery Corp had year-end retained earnings balances of $670,000 in 2008 and $600,000 in 2009. In 2009 the firm paid $6,000 in preferred dividends and $10,000 in common dividends. What was the Firm's EAT IN 2009?
the equity section of the balance sheet for hilton web-cams looks like thiscommon stock. .25 par 400000paid in capital
Prepare a T-account to show the activity in the inventory account. Prepare the store's income statement for the year ended January 31, 2012. Show totals for gross profit, income before tax and net income.
Suppose you've purchased 25 year, 9%, $1000 par callable bond with 19 years remaining till maturity and 4 years till the first call. If the call price is equal to par plus one year's interest and market price is $1,050, what is the appropriate app..
A project's coefficient of variation is 0.55. The project has a positive coefficient of correlation of 0.20. The expected value is $1,200. What is one standard deviation?
To complete your Individual Assignment, do the following: Please answer the Individual Assignment in a single Word document ------------------------ Individual Assignment 1E: Final Project A recurring theme of this module has been the value of data t..
What does this suggest about manufacturing location strategy?
Calculate the 14 ratios (show your calculations) for the company using the two most recent annual financial statements found on the financial information website you used earlier. Be careful not to use quarterly information, and include ratios for..
Cash flow calculations using a spreadsheet
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