Dr Nick

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$14/per page/Negotiable

About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Art & Design,Computer Science See all
Art & Design,Computer Science,Engineering,Information Systems,Programming Hide all
Teaching Since: May 2017
Last Sign in: 339 Weeks Ago, 6 Days Ago
Questions Answered: 19234
Tutorials Posted: 19224

Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Accounting Posted 09 Jun 2017 My Price 13.00

Key Assignment

 

Deliverable Length: 4–5 pages

Key Assignment

Note: The Key Assignment encompasses components from Week 4 and Week 5.

Scenario

Bob and Barbara Parker are in their 30s and have been married for 7 years. They have 2 children. They own 2 cars and a home valued at $500,000. Bob owns 50% of a garage door installation company valued at $2,000,000. The business provides the Parkers with a gross annual income of $150,000 per year. The Parkers have $300,000 in their retirement account and $100,000 in their personal checking account. Bob’s partner, Rick Wilson, owns the other 50% of the business. Bob has a $250,000 term life insurance policy but no other insurance coverage.

Part 1 (Week 4)

  • What should the Parkers consider when deciding what insurance coverage they need?
  • Do they have sufficient insurance coverage? If not, what type of insurance coverage do you recommend for them?
  • How can they keep their insurance costs down?

Part 2 (Week 4)

Complete a chart with recommended coverage and amounts of coverage.

Part 3 (Week 5)

  • Discuss taxation of life insurance proceeds and disability insurance payments.
  • Assume that Bob’s 50% partner in the business is his old college friend Rick Wilson.
  • Rick’s wife, Delores, has no interest in running the business. Do the Parkers need a buy-sell agreement? Describe the types of buy-sell agreements.

Answers

Dr Nick
(4)
Status NEW Posted 09 Jun 2017 08:06 AM My Price 13.00

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