John asks Mary if she’s like to go to a concert two weeks from Friday. Mary says yes and John buys the tickets for $95 each. Two weeks later he shows up at Mary’s house to pick her up. Her mom says she’s not home and she’s gone to the beach. John texts Mary but she doesn’t answer. He decides to sue her for the $95. Will he win? Why or why not?

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John and Sandy Ferguson got married eight years ago and have a seven-year old daughter Samantha. In 2013, John worked as a computer technician at a local university earning a salary of $52,000, and Sandy worked part-time as a receptionist for a law firm earning a salary of $29,000. John also does some Web design work on the side and reported revenues of $4,000 and associated expenses of $750. The Fergusons received $800 in qualified dividends and a $200 refund of their state income taxes. The Fergusons always itemize their deductions and their itemized deductions were well over the standard deduction amount last year.The Fergusons reported making the following payments during the year:

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John and Mary Smith have been your friends for many years and they have called to set-up an appointment to discuss their financial plans for retirement. During the first appointment you learn that both John & Mary plan on retiring in one year. Currently, John owns a mid-size electronics firm which he has operated for many years. Mary is a university professor. Below is additional information you developed during the first appointment with John & Mary. Item Description John MaryItem Descriptions John Mary Age in One Year At Retirement 56 55 Current Annual Salary $100,000 $60,000 Current Value of Residence $250,000 (Joint) Mortgage on Residence $0 $0 Children None None Health Ins. Continuing In Retirement (Spouse) Yes Cost of Health Ins. In Retirement $0 $0 Estimaed Retirement Income (Annual) None $20,000 Social Security Benefits (At Age 66) $24,000 None Est. Personal Exp. After Retired (Annual) $30,000 $30,000 Current Vehicles Value $25,000 $20,000 Amt. Owed on Vehicles $0 $0 Additional Information John plans to sell the electronics company to another individual who has already expressed interest. The agreed selling price for equipment, building, inventory, goodwill and customer list will be $2,000,000 in cash. There is no remaining basis in any fixed assets and the value of inventory is $150,000. All capital gain amounts will be taxed at long-term income tax rate of 15%. Both John & Mary have strongly indicated during the first appointment that they are conservative investors and want a minimum risk of any losses. You are a partner in a regional investment brokerage firm together with several other partners. Each partner is considered an expert in one area. The areas within your firm of expertise are:Risk Analysis Mutual Funds & Stocks Bonds Options & Futures Foreign Investments Income TaxProject RequirementsYou and your fellow investment partners are to present a proposal that specifically meets the retirement investment objectives of John & Mary listed below. Your proposal should be from 3 – 5 pages double spaces, Times Roman 12 pt. In addition, your team should include a cover page listing each member of your team and a separate list of any references used in preparing the proposal. The proposal must follow APA rules in structure and presentation. John & Mary’s Retirement Investment ObjectivesProvide $90,000 of withdrawals from the investment account each year. Minimize income tax. Include at least three types of investments. Provide for active management of the portfolio with an annual fee of 1% – 1 ½% of value in the investment portfolio. Provide an annual growth after all withdrawals and fees of 4% – 5%.

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John James Rolly is the CFO of SD Yachts Inc., a manufacturer of boat fenders for luxury yachts. Rolly is considering the purchase of a 2 to injection mold, which will allow the company to mold boat fenders. The equipment cost $250,000. The project is expected to produce after tax cash flows of $60,000 for the first year, and increase by $10,000 annually; the after-tax cash flow in year 5 will reach $100,000. Liquidation of the equipment will net the company $10,000 in cash at the end of 5 years.

a)     Assume that the required return is 15%. Is the project profitable?

b)     Assume that the required return is 19%. Is the project profitable?

c)     What is the IRR of the project?

d)     How will your answer change to part (a) if the company does not net anything on the liquidation of the equipment?

SD Yatch Inc.,MouldInitial CostNet asset costInitial outlay $$ 250,000.00250,000.00 $ 0(250,000.00) Incremental Cash flowsa The required return is 15%YearInitial outlayAfter tax salvage…

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John is a warehouse supervisor who works for a national company that sells high-quality (and very expensive) electronics – e.g., HD television sets, business and home computers, and business and personal laptops. John has a high school education, and has been employed by the company for 10 years. Recently, John was promoted to an exempt (salaried) low-level management position; his present annual salary is $60,000. Over the past two months, John has been stealing HD television sets from his employer – and reselling them. To date, he has stolen $15,000 in merchandise. When John’s wife – Jane – takes note of the rapid growth in the family’s savings account, she asks John about the source of the money. John’s astonished response is: “Jane! Are you kidding? Consider the extra money as a company bonus — well, it’s sort of a bonus anyway….Look, Jane, while I make better money than I used to, it’s not enough compensation for all the stuff I do. This company can afford to pay me far more than what they pay – and they choose not to. The way I look at it, I’ve earned this extra money! It’s a well-deserved and hard-earned bonus, Jane. You know that we can barely pay our bills. I’m doing what is best for our family! I have to do what I think is best for my family, even if I know it might be wrong!”

What are the utility ethics raised in this situation? Be specific! Please provide reference.

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