Part A (50 per cent of the marks)
Question 1
Panna wants to buy a new suite of furniture for her flat. The furniture costs £3000 from a furniture store in her local town. The saleswoman suggests that Panna takes out a loan from the store’s finance company to fund the purchase of the furniture. The repayment loan from the finance company would be at a fixed APR of 9 per cent for a repayment term of between one and four years, which Panna can select herself. The loan would take the form of a secured loan.
Panna has £3000 in a variable rate online instant access account with her building society, currently earning 3 per cent p.a. after tax. She has no other savings.
She also has the possibility of taking an unsecured loan from her
…show more content…
Adan and Jane are starting to make preparations for the birth of their child. They have decided against getting married for the time being, but have nevertheless decided to manage their financial transactions through a joint account in their local bank. They first draw up a cash flow statement outlining their monthly income and expenditure. They put aside any surplus left over at the end of the month. They want to plan ahead for how their financial situation will change once their child is born.
Their income and expenditure before the birth of their child is as follows:
Income before the birth of their child:
•Adan’s net monthly salary = £2500
•Jane’s net monthly salary = £2100
Monthly expenditure before the birth of their child:
•Mortgage = £900
•Food and household items = £1000
•Entertainment (mainly eating out and cultural events) = £500
•Insurances = £200
•Direct debits (council tax, water, telephones, TV licence, electricity, gas, cable TV) = £600
•Travel to work costs = £150 (Adan £100, Jane £50)
They realise that things will change significantly after the birth happens, as follows.
Jane thinks she will be taking ten months’ maternity leave after the birth of their child. Her employer’s maternity package is full pay for the first six months, and then on the statutory maternity pay, worth about £94 net per week, for the further four months. They looked into Adan taking some paternity leave but have decided against it, and
How effective were these responses? How did they change the role of the federal government?
Sophie just had a baby, and her government ensures that she has 16 weeks of paid maternity leave, with 3 additional years of unpaid leave if she wants it. Her husband also has 11 days of paid
It appears that although there are obviously many opinions most people are in some agreement as to the usefulness and day-to-day use of Google and its services.
Designing a film is something not everyone can do. It takes a lot of patience and attention to detail to ensure the creators of films make the best possible scenes with zero to minimal mistakes. Every scene needs to be spot on with elements such as setting, lighting, costuming, and temporal elements. When watching a movie for the first time, people don’t normally pay much attention to the small details but when a film is a considered a favorite, people tend to spot small mistakes within films. Let’s take a look on how these artists focuses on making films a detailed and enjoyable.
After we received the POA from Harry Baharudin and Michael Wallbanks from PT EM, we did our official meeting with police who handles issues concerning 2 containers 40’ No: UACU8574173 and UACU 8479129
The Family and Medical Aid Act (FLMA), of 1993, provides for 12 weeks of unpaid, job protected leave for certain specified events (8). Whilst one could refer to this as maternity or paternity leave if taken because of a pregnancy, this would not be strictly true. Where maternity and paternity leave are offered around the
I would recommend from the above table that the video maker uses incremental back-up. The advantage of this
Parental Leave Pay is a government-funded scheme for employers. It enables employers to provide Parental Leave Pay to eligible employees. In order to be eligible, they must be employed full or part time, casual, seasonal, on a contract or be a self-employed worker. A sole parent may access this scheme if they have recently had a newborn child or have recently adopted a child and upon accessing the scheme, they are provided with funded pay by the government. Sole parents may receive time off work to care for their newborn baby or their child that was recently adopted. In accessing this scheme, sole parents are eligible to receive up to 18 weeks of Parental Leave
Paid maternity leave is defined as income replacement to compensate for the leave from paid employment necessary around child-birth (Baird, 2002a:2). In the developed world today, many western countries have designed a legislated for paid maternity leave such as Sweden, Germany, United Kingdom, New Zealand and more. Indeed only USA and Australia have to date not legislated for paid maternity leave across the workforce (O’Neill, 2004: E-Brief). This consequently placed the responsibility on three different groups in Australia including
o As noted above, given the family’s current financial position, they have not had the cash flow for any investment for retirement or children’s education fund
But in the United States, no form of federal maternity leave is offered. The only form of maternity leave offered is under the Family and Medical Leave Act of 1993, stating “eligible employees of covered employers to take unpaid, job-protected leave for specified family and medical reasons with continuation of group health insurance coverage under the same terms and conditions as if the employee had not taken leave”(Wage and Hour Division (WHD)). Eligible candidates are rewarded “twelve workweeks of leave in a 12-month period for: the birth of a child and to care for the newborn child within one year of birth; the placement with the employee of a child for adoption or foster care and to care for the newly placed child within one year of placement” (Wage and Hour Division WHD)). With a new baby on the way and no income for at least 12 weeks, women’s wages go down in numbers while their male office counterpart’s wages are increasing at a steady rate. Even if a woman goes back to work directly after this time of leave, she will always be behind in pay from her time off, not including the confidence she loses from the time she missed compared to her coworkers who do not have to make up for lost time. Many woman have more than one child, “Americans say the ideal number of children per family is 2.6” (Newport). If the average family has 2 to 3 kids with a working mother, she loses up to 36 weeks of work
If you 're getting Maternity Allowance, you will receive either £124.88 a week or 90% of your average weekly earnings, whichever is lower. This will be paid for 39 week
Hope that this e-mail finds you doing well. Sending you an attached file of our Financial Plan homework assignment presented in PowerPoint. For some unknown reason, it didn't accept the link you so graciously provide.
Grade and rationale. Grade is based on the following that maps onto the Northcentral rubrics as follows:
In this scenario income from Ellie and Rents are considered as inflow. All the expenditures and liabilities related to maintaining current lifestyle are considered as outflow to calculate surplus/deficit. The analysis shows that the fund available after meeting current lifestyle for investment for next one year is around -22754.00 GBP. This deficit will be filled using pensions and investment income to be discussed later. The entire analysis is attached in Appendix 2.