Clara Hammond persuaded her daughter, Never-Do-Well to give up her secretarial work and read BSc (Accounting Option) at Ghana Communication Technology University by promising to pay her GH¢1,500 maintenance fee per month. After the daughter had begun the course, the mother bought a house at Tesano, so that the daughter could live there rent-free. Eventually, after the daughter had had more than three unsuccessful attempt at passing business law examinations, the mother and daughter fell out. The mother sought to gain possession of the house, and the daughter refuse.what is the area of law?
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Clara Hammond persuaded her daughter, Never-Do-Well to give up her secretarial work and read BSc (Accounting Option) at Ghana Communication Technology University by promising to pay her GH¢1,500 maintenance fee per month. After the daughter had begun the course, the mother bought a house at Tesano, so that the daughter could live there rent-free. Eventually, after the daughter had had more than three unsuccessful attempt at passing business law examinations, the mother and daughter fell out. The mother sought to gain possession of the house, and the daughter refuse.what is the area of law?
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- Clara Hammond persuaded her daughter, Never-Do-Well to give up her secretarial work and read BSc (Accounting Option) at Ghana Communication Technology University by promising to pay her GH¢1,500 maintenance fee per month. After the daughter had begun the course, the mother bought a house at Tesano, so that the daughter could live there rent-free. Eventually, after the daughter had had more than three unsuccessful attempt at passing business law examinations, the mother and daughter fell out. The mother sought to gain possession of the house, and the daughter refused. Advise Clara Hammond and Never-Do-Well. with conclusion advice both parties?Michiko and Saul are planning to attend the same university next year. The university estimates tuition, books, fees, and living costs to be 12,000 per year. Michikos father has agreed to give her the 12,000 she needs to attend the university. Saul has obtained a job at the university that will pay him 14,000 per year. After discussing their respective arrangements, Michiko figures that Saul will be better off than she will. What, if anything, is wrong with Michikos thinking?At the end of her first year of university, Sandra Robinson decided that she should start a business to help finance her education, so she set up her own courier service. She invested savings of $2,100 in the company, which she called Oriole Ltd. In addition, her parents lent the company $3,800 to help it get started. Since this was a business venture, Sandra insisted on paying interest on this loan, and her parents agreed to charge a rate of 6% per year. Sandra then negotiated the purchase of a used car for the business for $8,500. The company made a down payment of $2,300 on the car and financed the remainder ofthe purchase price at an interest rate of 9% per year. Due to all ofthe kilometres that would be put on the car while it was used in the courier business, Sandra estimated that the car could be sold at the end ofthe summer for $7,000. Oriole began operations on May 1 and continued until August 31.Although Sandra did not keep any formal accounting records, at the end ofthe…
- Leslie graduated with her bachelor's degree in Accounting. She works for a CPA firm that pays her tuition ($8,150 per year) for her so that she can receive her MBA. How much of the $8,150 tuition benefit does Leslie need to include in her income?Raj Shah, aged 36 years, is employed with a MNC. His wife Pooja, aged 34 years, is also working part - time. The couple has two children - daughter Rima aged 7 years and son Ansh aged 4 years. Raj and Pooja require your help to make a few financial decisions. (You can make any assumptions to further build up your case)a. Raj and Pooja want to invest for their children’s higher education for the long term (over 12 to 15 years). Develop a plan so that they can accumulate a sufficient education corpus. b. Raj wants to take a Life Insurance cover of Rs 1.5 crore. Advise him whether he should go for a ULIP or a term insurance.After grauating with a BBA in Accounting, Tina is considering going to college to get a Masters in Accounting. If she does not go to graduate school to get a Masters in Accounting, she will be eaming $115742 working at a public accounting firm, and spend $59222 on room and board. If she goes to college to get a Masters in Accounting, she will spend $44703 on tuition, $31797 on room and board, and $6432 on books. Tina just found out that if she decides to get a Masters in Accounting, she will have the opportunity to work as a TA and get paid $11604 while she is getting her Masters. What are Tina's opportunity costs of getting a Masters in Accounting?
- Ben Bates graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve this goal. After examining schools, he has narrowed his choice to either Wilton University or Mount Perry College. Although internships are encouraged by both schools, to get class credit for the internship, no salary can be paid. Other than internships, neither school will allow its students to work while enrolled in its MBA program. Ben currently works at the money management firm of Dewey and Louis. His annual salary at the firm is $65,000 per year, and his salary is expected to increase at 3 percent per year until retirement. He is currently 28 years old and expects to work for 40 more years. His current job includes a fully paid health insurance plan, and his current average tax rate is 26 percent. Ben has a savings account with enough money to cover the…Ben Bates graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve this goal. After examining schools, he has narrowed his choice to either Wilton University or Mount Perry College. Although internships are encouraged by both schools, to get class credit for the internship, no salary can be paid. Other than internships, neither school will allow its students to work while enrolled in its MBA program. Ben currently works at the money management firm of Dewey and Louis. His annual salary at the firm is $65,000 per year, and his salary is expected to increase at 3 percent per year until retirement. He is currently 28 years old and expects to work for 40 more years. His current job includes a fully paid health insurance plan, and his current average tax rate is 26 percent. Ben has a savings account with enough money to cover the…Miss Jana Lim, a graduate of Cebu University, is going to Manila to review for the CPA Board Examination. She is considering to stay in a dormitory that is just a stone’s throw away from the review school during her 5-month stay in Manila. Her aunt, however, is offering her a room in her house which is about three (3) kilometers away from the school. She told her aunt that she would first conduct differential analysis before making her decision on where to stay. She listed the following costs and cost estimates: If she will stay in Her Aunt’s House A Dormitory Plane ticket: Cebu-Manila-Cebu ₱8,000 ₱8,000 Tuition Fee (1) 1,000 1,000 Boarding and lodging fee - 25,000 Share in food and household expenses 10,000 - Transportation (Aunt’s house-school-Aunt’s house) 1,700 - Snacks, etc., while in school 4,000 4,000 Books used in college to be used during the review 10,000 10,000 New review books to be purchased 2,000 2,000 Clothes to be brought to Manila…
- At age 19, Zoe Trainor is in the middle of her second year of studies at a community college in Charlotte. She has done well in her course work; majoring in pre-business studies, she currently has a 3.75 grade point average. Zoe lives at home and works part-time as a filing clerk for a nearby electronics distributor. Her parents can’t afford to pay any of her tuition and college expenses, so she’s virtually on her own as far as college goes. Zoe plans to transfer to the University of Tennessee next year. (She has already been accepted.) After talking with her counselor, Zoe feels she won’t be able to hold down a part-time job and still manage to complete her bachelor’s degree program at UT in two years. Knowing that on her 22nd birthday, she will receive approximately $35,000 from a trust fund left her by her grandmother, Zoe has decided to borrow against the trust fund to support herself during the next two years. She estimates that she’ll need $25,000 to cover tuition, room and…Ali is currently working as a human resource manager for a company and earns a good salary. He is planning to pursue a Master of Business Administration (MBA) degree. He recently received an offer from University Awhich included the cost of tuition fees. If decided to go for the MBA study, his company would stop paying his salaryAt the same time, if Ali completed his MBA degree, he would earn a higher salary than his current one Furthermore, Ali has recently purchased an apartment in the city and moved in For when considering whether or not to go for the MBA studythe extra salary to be received after the MBA study is referred to as: Sunk cost. b. Incremental cost. c. None of the given answers , d Incremental revenue . Opportunity cost.The Marco family—comprising Mrs. Marco aged 40, Mr. Marco, aged 39, and their three young children— relocated to Barcelona in January 2020 whenMrs. Marco received a job offer from an international firm. They rented a three-bedroom condominium in Barcelona for 2.150€ per month, whichincluded parking and fees.While renting made life easy, the Marco family began weighing the pros and cons of purchasing a flat, in the same building, that became available inJune 2020. The idea of home ownership as a form of long-term investment appealed to the couple. The preliminary rental payments could be used formortgage payments instead.While searching for the right property they found a nice apartment at one of the best locations of the city. The apartment was owned and had beenpromoted by a state-owned construction company and was offering two alternatives:Option I: renting the apartment with a perpetual contract, meaning forever.The family was very happy living in that area, and they had the chance…