This Assignment Is A Case Study For A Professional Financial Management Class Missouri State/ Fin 581 Assignment Case

768 words - 4 pages

FIN 581
Williams Case
April 3, 2019
- Williams’ came to you for advice on how to achieve their financial goals
- Michael has a stable job, and a long future earning period
- Michelle is self-employed and generating business
- Michael’s parents are doing well and help them financially
- They Williams’ have adequate homeowners and automobile insurance coverages
- Joan would like to assist in the educational and maintenance needs of their kids
- Michael has disability insurance and malpractice insurance that is paid for by the hospital
- Michelle is working and does not have any disability insurance
- Neither of the Williams’ have a will set up
- They have a lot of cash outflows and really depend on the $20,000 gift from Michael’s parents
- The William’s do not have any Guardianship documents in place for the children
- Do not have sufficient life insurance
- May need to assist Michael’s parents with retirement needs
Additional Information:
- Are they planning to have more children
- What kind of financial needs will Michael’s parents need assistance with in the future
- Does Michelle plan to continue working and growing her own business
- Who is the appropriate guardianship choice for the kids should anything happen to either Michelle or Michael
Goal Assessment:
Michelle and Michael have stated a few financial goals:
- Provide for Beau and Elizabeth for four years of college education
- Assist Michael’s parents in retirement as needed
- Design retirement plan to replace 70% of Michael’s income
- Plan for Madison to be cared for throughout her adult life
- Maintain adequate emergency fund (6 months)
- Prepare proper estate plan and wills
Additional goals: Obtain more life insurance, guardianship documents, and titling assets to avoid probate
The William’s will need to focus on the most important financial goals, before they begin to fund for all their financial objectives.
Financial Statements:
Michael probate estate- $60,000 including group term life insurance
Michelle probate estate- $6,000
The William’s need to decrease their cash outflows and begin saving to fund an emergency fund first. They do have a positive net worth, but very little liquid assets.
Debt- The William’s have a reasonable amount of long-term debt. They should look to acquire more moderate every day cars to decrease some liabilities. They do currently hav...


a sister for joshua case study project - ecpi - assignment

1103 words - 5 pages financial burden of having to wait on the donor list and the finances that come alone with such a major procedure. This may also bring the family and baby a lot closer later in life and the sister may also feel as if she served a great purpose while here on earth. 6. What is ethically permitted in this case? What might limit us from doing all that is ethically permitted in the case? Conceiving a sister to help Joshua is ethically permitted. Mr

Assignment was provided to review a Tesco Case Study and provide a review of it. - Strategic Management - Case Study

1101 words - 5 pages Kingdom. Under the leadership of CEO Terry Leahy there was a rapid expansion internationally and the strategy utilized in this expansion was to culturally customize the marketing plan for the international market. This strategy worked initially and in the early 2000’s the revenue had soared to new heights officially breaking the 1 billion pounds mark. The company, which is the only UK based retailer to have overseas locations, unfortunately has not

Life Expectancy For The State Of Kentucky. This Was An Assignment In A Math Class... ENJOY! It Is Missing Pictures So If You Need Them Let Me Know

1919 words - 8 pages Have you ever wondered how long the average life expectancy for Kentucky is? Well I have been wondering so I decided to find out by working on a project about the average life expectancy in Kentucky. I figured that after I got done then all of the insurance companies that offer life insurance to Kentuckians and even Kentuckians themselves would use this information. First the insurance companies might charge more if the average death age

professional ethics case 2 study assignment 1 - University of Waterloo, PHIL333 - assignment

1100 words - 5 pages for Sandy to undergo such a lengthy and uncomfortable treatment – as described in case 2.2. As such rule utilitarianism is showing that Dr Cee’s act is unethical and will not maximize over all happiness in the long run. I do not think that rule utilitarianism prescribes a solution to this case, but it offers some insights about the nature of morality, and the principle of impartiality as an essential part of moral decision making. I would think

Hero Honda Motors: Is it Honda that made it a Hero? - Kent State University - Case study

421 words - 2 pages players in the two-wheeler segment with most of the companies having foreign collaborations with well-known Japanese firms earlier. However, most of the companies are now planning 100% subsidiaries in India. 1. The thing that stood out to me in this case study was the fact that Hero Honda depends on Honda for new products and this is a big weakness for them. The reason this is a weakness is that technological tie-up between Hero Honda and Honda

A Case Study Analysis

1524 words - 7 pages to match expectations. One reason for lack of change is that the foreign-born professional may see a weakness in American business behavior that reduces the value of its imitation. This devaluation of certain American behaviors is rarely voiced to management. Examples include Taiwanese who are resistant to American speculative talk in meetings. They feel that this time-consuming kind of speaking lacks value. In their culture, one should not

Creating a Bookkeeping Business - Capstone Business Business Management - Case Study

3788 words - 16 pages cell phone. Internet service is through Xfinity as well. This office serves as a space for me to do necessary work away from the main area of the home. As the owner, I will travel to the clients business location to pick up and/or drop off necessary documents. B4. Management Structure: First Class Bookkeeping is a sole proprietorship and has no employees. I will be responsible for all aspects of the business. I will handle advertising

Zara Case Study for Marketing Management class. - Lakeland University/Marketing Management - Essay

1139 words - 5 pages Free To: G. Bernard Yevin, CMO From: Joey McNaught Subject: Case 3: Marketing Excellence: ZARA (Pages 552 - 553) Date: April 7, 2019 Background Located in Spain, Zara has been Europe’s leading apparel retailer for a number of years. Their ability to provide consumers with current, high fashion styles at reasonable prices. Zara’s overarching strategy is currently achieving growth through diversification with vertical integrations. This strategy

a nasty ending for nasty gal case study - university of Michigan - case study

931 words - 4 pages I am going to discuss if Nasty Gal could avoid bankruptcy lastly, I will draw my own conclusion. ! 3 A Nasty Ending for Nasty Gal Response for case study questions there is no doubt that social media has help serval business growing up and contributed to its business models, basically ,The idea of Nasty Gal generated from an online space , Amouruso the owner of the company has been a heavy user of social tools to promote her business , she

LAWS1100 Assignment- Case Study - UQ LAWS1100 - Assignment

693 words - 3 pages make an offer) is not an offer. The agreement is generally not complete until the offeree communicates their acceptance to the offeror: Powell v Lee (1908) 99 LT 284. An exception to this general rule occurs in the case of a unilateral contract. The offeree’s acceptance and performance are the same thing in a unilateral contract. It is not necessary for the offeree to communicate acceptance prior to performance: Carlill v Carbolic Smokeball

This is a Midterm study guide for bible class - Biola/bbst - Studyguide

448 words - 2 pages Free Theology II – Midterm Exam Study Guide This list is meant to focus your studying. It may seem overwhelming, but just take your time to re-learn these concepts. I am definitely not seeking to make things difficult, but to test your basic knowledge and understanding of the course material. You will be tested on material from the lectures, although some questions will draw from your readings (these are indicated below in bold). The test will be

This Essay Is A Case On The Caterpillar Company

1105 words - 5 pages future and came up with any possible way of gaining customers in the developing areas.In 1988 Caterpillar Inc. made record sales of over $10 billion dollars and realizes a profit of $616 million. But although the company sales continue to increase steadily over the next two years (1989 & 1990), the company's profit, however, took a different turn. Profit for 1989 and 1990 fell to $497 million and $210 million respectively. It is not rare that a

Dell Case Study, Questions as to why Lead time is so long and suggestions for solutions - Liberty University BUSI740 - Assignment

1991 words - 8 pages new equipment at the SLC, and will also not interfere with all other manufacturing (Sarkar, Chaudhuri, & Moon, 2015). Another advantage is that the supplier quality engineering management is reduced and the cost will be passed on to an area such as integration that needs it. There is, however, a disadvantage to keeping this option, it is the most complex when it comes to cost accounting. As the production will not be used solely for assembly

LS Group (A) Case Study Solutions

1128 words - 5 pages important one. We would like to highlight however that the best choice from the financial perspective does not necessarily represent the best choice for the company.(d) Besides a careful selection of software, what recommendations would you give LS Group's top management to ensure a successful implementation?Selecting the right software is important. The implementation is essential to the successful completion of the introduction. So we would draw

HealthSouth: A Case Study Of Business Ethics

1717 words - 7 pages former Alabama Governor Don Siegelman as well as two of Siegelman's aids. In this case Scrushy was accused of arranging $500,000 in donations to Siegelman's campaign for a state lottery in exchange for a seat on a state hospital regulatory board. Scrushy was found guilty on multiple charges, including bribery, mail fraud and obstruction of justice. He was sentenced to 82 months in federal prison, three years probation, $267,000 in restitution and