In May 2013, Rebecca Young completed her MBA and moved to Toronto for a new job in investment
banking. There, she rented a spacious, two-bedroom condominium for $3,000 per month, which included
parking but not utilities or cable television. In July 2014, the virtually identical unit next door became
available for sale with an asking price of $620,000, and Young believed she could purchase it for
$600,000. She realized she was facing the classic buy-versus-rent decision. It was time for her to apply
some of the analytical tools she had acquired in business school — including “time value of money”
concepts — to her personal life.
While Young really liked the condominium unit she was renting, as well as the condominium building
itself, she felt that it would be inadequate for her long-term needs, as she planned to move to a house or
even to a larger penthouse condominium within five to 10 years — even sooner if her job continued to
work out well.
Friends and family had given Young a variety of mixed opinions concerning the buy-versus-rent debate,
ranging from “you’re throwing your money away on rent” to “it’s better to keep things as cheap and
flexible as possible until you are ready to settle in for good.” She realized that both sides presented good
arguments, but she wanted to analyze the buy-versus-rent decision from a quantitative point of view in
order to provide some context for the qualitative considerations that would ultimately be a major part of
her decision.
FINANCIAL DETAILS
If Young purchased the new condominium, she would pay monthly condo fees of $1,055 per month, plus
property taxes of $300 per month on the unit. Unlike when renting, she would also be responsible for
repairs and general maintenance, which she estimated would average $600 per year.
If she decided to purchase the new unit, Young intended to provide a cash down payment of 20 per cent
of the purchase price. There was also a local deed-transfer tax of approximately 1.5 per cent of the
purchase price, and a provincial deed-transfer tax of 1.5 per cent, both due on the purchase date. (For
Page 2
9B14N024
simplicity, Young planned to initially ignore any other tax considerations throughout her analysis.) Other
closing fees were estimated to be around $2,000.
In order to finance the remaining 80 per cent of the purchase price, Young contacted several lenders and
found that she would be able to obtain a mortgage at a 4 per cent “quoted” annual rate1 that would be
locked in for a 10-year term and that she would amortize the mortgage over 25 years, with monthly
payments. The money that Young was planning to use for her down payment and closing costs was
presently invested and was earning the same effective monthly rate of return as she would be paying on
her mortgage. Young assumed that if she were to sell the condominium — say, in the next two to 10 years
— she would pay 5 per cent of the selling price to realtor fees plus $2,000 in other closing fees.
SCENARIO ANALYSIS
In order to complete a financial analysis of the buy-versus-rent decision, Young realized that her first task
would be to determine the required monthly mortgage payments. Next, she wanted to determine the
opportunity cost (on a monthly basis) of using the lump-sum required funds for the condominium
purchase rather than leaving those funds invested and earning the effective monthly rate, assumed to be
equivalent to the mortgage rate. She would then be able to determine additional monthly payments
required to buy the condominium compared to renting, including the opportunity cost.
Young wanted to consider what might happen if she chose to sell the condominium at a future date. She
was confident that any re-sell would not happen for at least two years, but it could certainly happen in five
or 10 years’ time. She needed to model the amount of the outstanding principal at various points in the
future — two, five or 10 years from now. She then wanted to determine the net future gain or loss after
two, five and 10 years under the following scenarios, which she had determined were possible after some
due diligence regarding future real-estate prices in the Toronto condo market: (a) The condo price
remains unchanged; (b) The condo price drops 10 per cent over the next two years, then increases back to
its purchase price by the end of five years, then increases by a total of 10 per cent from the original
purchase price by the end of 10 years; (c) The condo price increases annually by the annual rate of
inflation of 2 per cent per year over the next 10 years; and (d) The condo price increases annually by an
annual rate of 5 per cent per year over the next 10 years.
FINAL CONSIDERATIONS
Young realized she had a tough decision ahead of her, but she was well trained to make these types of
decisions. She also recognized that her decision would not be based on quantitative factors alone; it would
need to be based on any qualitative considerations as well. She knew she needed to act soon because
condominiums were selling fairly quickly, and she would need to arrange financing and contact a lawyer to
assist in any paperwork if she decided to buy
Requirements:
1. determine the required monthly payments for the mortgage.
2. determine the ‘opportunity’ cost, on a monthly basis, of using the required funds for closing (i.e., down payment plus all closing costs), rather than leaving those funds invested and earning the monthly effective rate determined in question (1).
3. determine the monthly additional paymentd required to buy versus rent ( include the monthly opportunity costs determined in question (2).
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In Math We Trust It Vhs Police Department 97 65 Virtual Land Vhis Police Fall
/in Uncategorized /by developerQuestion:Part 1: Calculations
As an Expert Mathematics Witness, you have been presented with a Ballistics Report, and a Police Report as your evidence. Use the information provided within these files to prove who, out of the three suspects, is guilty of the crime.
Use the links below to download the files:
Question 1 (1 point)
Using the evidence provided, complete all calculations necessary to conclude which window the shooter fired from. E-mail these calculations to your teacher and wait for feedback. Then make any necessary corrections before moving on to Part 2.
Question 1 options: Hint: Complete the diagram with the given information found in the Police and Ballistics Reports. Then express the height that the bullet is fired from in terms of the bullet’s angle of entry and the angle W. Use this as a starting point to determine which window the gun was fired from.
NOTE: This is a 3d diagram. The building is perpendicular to the ground. Triangle VGH is on the plane of the ground. VGH shares a side with the building which is perpendicular to the ground.
There is a solution on course hero but it is wrong because the line HG doesn’t go all the way straight to the bottom.
In Math,We Trust- IT-VHS Police Department97:$65 Virtual LandVHIS Police*Fallhedge , CAReport $ 56987Date of Incident : June 21Reporting Officer : H. Sine , Crime Scene Investigator*IncidentOn June 21 at the location of 360 Trigonometric Apartments , " victim shot by the suspect at 7:13 p.mfrom the window of the building .The building Is a high rise apartment building with ten floors . There were residents home from the 5#^I’m, and I" floors from a unit facing the road where the victim was shot . There Is 3. 04 } m between eachapartment floor .`All suspects have pleaded not guilty and claims to not have any relations with the victim . At the time ofthe crime the victim was walking their dog .Witness StatementWitness : C. TanC. Tan I’My was 10’m away from the victim (V/ when the shot was fired . Both the victim and the witness*we’re an equal distance from the door ( G ) of the apartment building when the crime occurred . ( SeeFigure 1 1" I heard a loud bang from the apartment building . When I looked up I saw a person running*from a window . The victim was not far from where I was standing when the Incident occurred . IImmediately called the VHS Police Department emergency line for help . "Crime Scene Sketch_IT th FreeH jet^ Floor_^`FloodVictim10 mWitness
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In May 2007 A Local Chemical Plant Had An Unfortunate Accident Chemicals Leaked
/in Uncategorized /by developerIn May 2007, a local chemical plant had an unfortunate accident. Chemicals leaked from a plant holding tank and seeped onto the parking lot. A number of employee vehicles were damaged and required repainting. The company agreed to reimburse employees for the cost of these repairs. Employees were instructed to submit their bills for the repairs to the Controller, Rob Trout. Rob would then issue a check to the employee for the amount of the bill. While the Internal Auditor Director questioned the Audit Committee about the monitoring of the reimbursements during a meeting a month after the accident, the Committee determined that procedures in place were adequate. Nine months later, at a full board meeting, someone made a remark about the fact that bills were still being turned in for reimbursement. By this time, the total of the damages reimbursed to employees had reached nearly $150,000. After making inquiries, it was discovered that some of the “repairs” were for expensive paint jobs, upgrades, buffing, body repairs, and waxing. Further investigation revealed that thousands of dollars were reimbursed for paint jobs on cars that were damaged prior to the industrial accident. Moreover, some employees had turned in bills for similar jobs just a few months apart in other words, some cars were reimbursed for the same repair twice. Although this appeared suspicious, no one caught it until the internal auditors came in one year after the accident _in response to the board’s inquiry and reviewed the invoices and compared them with the employee list and cars repainted.
What steps should have been taken by the company to prevent this fraudulent activity from occurring?
How could information already in the accounting system have been used to minimize the opportunity for fraud?
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In May 2013 Rebecca Young Completed Her Mba And Moved To Toronto For A New Job I
/in Uncategorized /by developerIn May 2013, Rebecca Young completed her MBA and moved to Toronto for a new job in investment
banking. There, she rented a spacious, two-bedroom condominium for $3,000 per month, which included
parking but not utilities or cable television. In July 2014, the virtually identical unit next door became
available for sale with an asking price of $620,000, and Young believed she could purchase it for
$600,000. She realized she was facing the classic buy-versus-rent decision. It was time for her to apply
some of the analytical tools she had acquired in business school — including “time value of money”
concepts — to her personal life.
While Young really liked the condominium unit she was renting, as well as the condominium building
itself, she felt that it would be inadequate for her long-term needs, as she planned to move to a house or
even to a larger penthouse condominium within five to 10 years — even sooner if her job continued to
work out well.
Friends and family had given Young a variety of mixed opinions concerning the buy-versus-rent debate,
ranging from “you’re throwing your money away on rent” to “it’s better to keep things as cheap and
flexible as possible until you are ready to settle in for good.” She realized that both sides presented good
arguments, but she wanted to analyze the buy-versus-rent decision from a quantitative point of view in
order to provide some context for the qualitative considerations that would ultimately be a major part of
her decision.
FINANCIAL DETAILS
If Young purchased the new condominium, she would pay monthly condo fees of $1,055 per month, plus
property taxes of $300 per month on the unit. Unlike when renting, she would also be responsible for
repairs and general maintenance, which she estimated would average $600 per year.
If she decided to purchase the new unit, Young intended to provide a cash down payment of 20 per cent
of the purchase price. There was also a local deed-transfer tax of approximately 1.5 per cent of the
purchase price, and a provincial deed-transfer tax of 1.5 per cent, both due on the purchase date. (For
Page 2
9B14N024
simplicity, Young planned to initially ignore any other tax considerations throughout her analysis.) Other
closing fees were estimated to be around $2,000.
In order to finance the remaining 80 per cent of the purchase price, Young contacted several lenders and
found that she would be able to obtain a mortgage at a 4 per cent “quoted” annual rate1 that would be
locked in for a 10-year term and that she would amortize the mortgage over 25 years, with monthly
payments. The money that Young was planning to use for her down payment and closing costs was
presently invested and was earning the same effective monthly rate of return as she would be paying on
her mortgage. Young assumed that if she were to sell the condominium — say, in the next two to 10 years
— she would pay 5 per cent of the selling price to realtor fees plus $2,000 in other closing fees.
SCENARIO ANALYSIS
In order to complete a financial analysis of the buy-versus-rent decision, Young realized that her first task
would be to determine the required monthly mortgage payments. Next, she wanted to determine the
opportunity cost (on a monthly basis) of using the lump-sum required funds for the condominium
purchase rather than leaving those funds invested and earning the effective monthly rate, assumed to be
equivalent to the mortgage rate. She would then be able to determine additional monthly payments
required to buy the condominium compared to renting, including the opportunity cost.
Young wanted to consider what might happen if she chose to sell the condominium at a future date. She
was confident that any re-sell would not happen for at least two years, but it could certainly happen in five
or 10 years’ time. She needed to model the amount of the outstanding principal at various points in the
future — two, five or 10 years from now. She then wanted to determine the net future gain or loss after
two, five and 10 years under the following scenarios, which she had determined were possible after some
due diligence regarding future real-estate prices in the Toronto condo market: (a) The condo price
remains unchanged; (b) The condo price drops 10 per cent over the next two years, then increases back to
its purchase price by the end of five years, then increases by a total of 10 per cent from the original
purchase price by the end of 10 years; (c) The condo price increases annually by the annual rate of
inflation of 2 per cent per year over the next 10 years; and (d) The condo price increases annually by an
annual rate of 5 per cent per year over the next 10 years.
FINAL CONSIDERATIONS
Young realized she had a tough decision ahead of her, but she was well trained to make these types of
decisions. She also recognized that her decision would not be based on quantitative factors alone; it would
need to be based on any qualitative considerations as well. She knew she needed to act soon because
condominiums were selling fairly quickly, and she would need to arrange financing and contact a lawyer to
assist in any paperwork if she decided to buy
Requirements:
1. determine the required monthly payments for the mortgage.
2. determine the ‘opportunity’ cost, on a monthly basis, of using the required funds for closing (i.e., down payment plus all closing costs), rather than leaving those funds invested and earning the monthly effective rate determined in question (1).
3. determine the monthly additional paymentd required to buy versus rent ( include the monthly opportunity costs determined in question (2).
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In May Parr And Presba While In The Course Of Negotiations With Barker A Salespe
/in Uncategorized /by developerIn May, Parr and Presba, while in the course of negotiations with Barker (a salesperson for Quaker Hill) to purchase plants and flowers, undertook to organize a corporation to be named the Denver Memorial Nursery, Inc. On May 14 and 16, Parr signed two orders on behalf of Denver Memorial Nursery, Inc. which, to the knowledge of Quaker Hill, was not yet formed, that fact being noted in the contract. A down payment in the amount of $1,000 was made. The corporation was not formed prior to entering into the contract because Quaker Hill insisted that the deal be concluded at once since the growing season was rapidly passing. Under the contract, the balance of the purchase price was not due until the end of the year. The plants and flowers were shipped immediately and arrived on May 26. The Denver Memorial Nursery, Inc. was never formed. Quaker Hill seeks to recover the unpaid balance of the purchase price from Parr and Presba.
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In May You Used 1100 Kilowatt Hours Of Energy For Electricity Calculate The Tota
/in Uncategorized /by developerIn May you used
1100
kilowatt-hours of energy for electricity.
a. Calculate the total electrical energy use in joules.
b. Calculate your average power use in watts.
c. Assume that your power supplier generates electricity by burning oil. Note that 1 liter of oil releases 12 million joules of energy. How much oil is needed to generate the electricity you use? Give your answer in both liters and gallons.
a. The total electrical energy use was
nothing
joules.
( integer or a decimal.)
b. The average power use is
watts.
(Round to the nearest whole number as needed.)
c. To generate the electricity you used,
L is needed.
(Round to the nearest whole number as needed.)
To generate the electricity you used,
gal is needed.
(Round to two decimal places as needed.)
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In Medical Settings Social Workers May Face Ethical Dilemmas Around Testing Init
/in Uncategorized /by developerIn medical settings, social workers may face ethical dilemmas around testing, initiating or withholding treatment, disclosing of diagnoses, and more. Ethical dilemmas may also arise from religious or cultural point of views. When children are involved, it is possible that dilemmas will arise between the children and their parents or between parents and the medical team. When faced with ethical dilemmas, medical social workers must rely on the National Association of Social Workers (NASW) Code of Ethics, as well as ethical reasoning.
Review this week’s resources. Think about one childhood or adolescent illness. Consider an ethical issue that could present itself during the care of a child or adolescent.
In a 4- to 5 page paper:
Support your Assignment with specific references to resources, using appropriate APA format and style. You are asked to provide a reference list for all resources, including those in the resources for this course.
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In Memory Do The Following Point Select One Per Row Code Static Stack Orig Copyh
/in Uncategorized /by developerI’m confused of the code “backup=copy=…” , since both backup and copy are both address, doesn’t this mean backup would always be the same as the copy? How came that copy changed by copyH* while backup not changed? And which pointer points to the space created by this code, the backup? Is it because copy is a pointer, not a pointer which points to array, so after it moved forward, the array would start from its current position? Could you plz make memory and pointer clear to me? I’m not good at those.
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In Metabolic Processes Of Cell Respiration And Photosynthesis Prosthetic Groups
/in Uncategorized /by developerin metabolic processes of cell respiration and photosynthesis, prosthetic groups such as heme and iron-sulfur complexes are encountered in components of the electron transport chain. What do they do?Question 4 answersact as oxidizing agentsboth oxidize and reduce during electron transportact as reducing agentsdonate electronstransport protons within the mitochondria and chloroplasts
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In Mid 2012 Aol Inc Had 100 Million In Debt Total Equity Capitalization Of 3 2 B
/in Uncategorized /by developerIn mid-2012, AOL Inc. had $100 million in debt, total equity capitalization of $3.2 billion, and an equity beta of 0.85 (as reported on Yahoo! Finance). Included in AOL’s assets was $1.4 billion in cash and risk-free securities. Assume that the risk-free rate of interest is 3.1% and the market risk premium is 4.1%.
a. What is AOL’s enterprise value?
b. What is the beta of AOL’s business assets?
c. What is AOL’s WACC?
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In Milestone 4 You Are Going To Create A Power Point Presentation That Evaluates
/in Uncategorized /by developerIn Milestone 4 you are going to create a power point presentation that evaluates your previous 3 mmilestones. The power point presentation is a minimum of 8 slides that analyze all the major findings from your research. The title and reference slide does not count toward the presentation. You must properly APA format the slide. Utilize all the guidance from the residency to develop your power point presentation
NIST Password
https://pages.nist.gov/800-63-3/sp800-63b.html
Resources
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