Free Essay


In: Business and Management

Submitted By fdotorres
Words 847
Pages 4
Fernando Torres


1. Morton señala que el $ 55.000 invertidos en la póliza de seguro de vida de prima única crecería a 176,392 dólares en 20 años para el retorno del 6 por ciento al año. Explique cómo se ha calculado ese retorno.


PV= $55,000 I= 6% N= 20 años FV= 176,392.4510

Se utilizó el valor presente de la póliza de seguro que costaba $55,000

Se calculó el valor futuro póliza con una tasa de retorno de 6% anual por un periodo de 20 años; monto total de $ 176,392.4510 al año 20.

2. Con el fin de cambiar la posición de la equidad en su casa, Studebaker tendría que sacar a 30 años, $ 75.000 de hipoteca en un 9 por ciento. Explicar cómo se obtuvieron los pagos hipotecarios anuales sobre este préstamo.

Cuota de pago mensual:
N = 30 años x 12 meses = 360
I = 9% (.09/12) = .75 tasa mensual
PV = $75,000 El pago mensual es $603.47.

Studebaker estaría pagando anualmente $7,241.60. Esto es el resultado del valor presente de $75,000 de la hipoteca, la mensualidad y la cuota. Esto sirve para calcular la anualidad.

El cálculo de Morton predecía un pago anual de $7,300. Su cálculo fue calculado con la tasa de 9% anual, en vez de con la tasa efectiva mensualmente. Por ende, resulta la diferencia de $ 58.40.

5. (A) Si el exceso de $ 30,000 fueron invertidos en un activo a largo plazo dando un 8 por ciento al año, ¿cuánto se acumularía después de 20 años?

PV = $30,000 I = 8% N = 20
Manteniendo un rendimiento fijo de 8%, el valor futuro de la inversión es $139,828.7143.

(B) Suponga Studebaker colocó $ 3,052 al año en una inversión a largo plazo el pago de 8 por ciento anual. ¿Cuánto se acumularía después de 20 años (importes invertidos al final de cada año)?

PMT = $3,052 I = 8% N = 20 años

Al final de los vente años sería un total de importe de 139,665.51.

6. Repita el problema 5, pero asume un retorno del 7 por ciento puede ser ganado.

A. PV = $30,000 I = 7% N = 20

El valor futuro de la inversión = $116,090.5339.

B. PMT = $3,052 I = 7% N = 20 años

El importe luego de dos décadas es de $ 125,118.2426.

7. Las críticas de Comer a entender que la póliza de seguro de vida de prima única es una inversión poco atractiva para Studebaker. ¿Qué sugieren las respuestas anteriores?

De Studebaker invertir el exceso de $30,000 a una tasa contante, sería de $116,090.53. Esto representa el monto total que ganaría con la inversión.

De Studebaker hacer otra inversión con un pago anual de $3,052 a una tasa de rendimiento de 7%, obtendría un monto total de $ 125,118.2426. El rendimiento total de ambas inversiones sería $241,208.7785, lo cual le daría una ganancia de 1.36% adicional a la póliza ($176,392.4510).

8. (A) Supongamos que el objetivo del Studebaker es acumular 400.000 dólares en 20 años. Asumir los 30.000 dólares se invierten en el 8 por ciento. ¿Cuánto se tiene que guardar en cantidades iguales al final de cada uno de los próximos 20 años si es capaz de ganar un 8 por ciento por año en las inversiones?

PV = $30,000 I = 8% N = 20 años FV = $ 400,000

PMT = 11,796.44979 anual

Si el objetivo es acumular $400,000 dólares en 20 años, habría que hacer un depósito anual de 11,796.4497 dólares.

9. El pago anual de la nueva hipoteca a 30 años, $ 75.000 es de $ 7.300. Este asume un pago se realiza al final de cada uno de los próximos 30 años. Supongamos que los pagos deben hacerse al final de cada mes. ¿Los 12 de estos pagos mensuales será igual a uno de los pagos anuales? Explique.

Los pago mensuales con tasa efectiva mensual serían de $608.33

Si se lleva a anualidad multiplicando por 12, sería $7,300.

10. Cuadro 3 indica que el coste anual de la póliza de seguro de vida es $ 3052. Con los ajustes mencionados en el caso, se calcula que el costo es $ 5.152 en el año 1 y $ 18.632 por año 20 suponiendo una rentabilidad anual del 7 por ciento. Explicar cómo éstas fueron resueltas.

El costo anual debe incluir el aumento en pago de hipoteca para ese año, además del aumento de los intereses perdidos durante el año.

El costo anual en el primer año es de $ 5,152, incluyendo $3,052 pagado al final del primer año, en adición a $2,100 de interés perdido en los $30,000 con una tasa de 7% de interés.

Por 20 años, el costo anual es de $18,632.

Asumiendo que este costo incrementa a razón de 7% anualmente, sería un costo total de $18,632 dólares.…...

Similar Documents

Free Essay


...request of railroad car VIP George Pullman, to design what would become the nation's first planned company town. • Constructed as an 8 story building • First few floors of the building were originally showrooms for carriages, with the manufacturing functions on the floors above, and the large windows providing ample stage for display. Both Greek and Roman culture influenced the building multicolored Romanesque style, with a rusticated limestone and granite • Originally the Studebaker, a carriage factory and showroom needed more room in 1890s so demolished the 3 story building next door and built a 5 story attached annex • By 1895 the annex proved insufficient so in 1896 moved to a larger facility • The Studebakers turned to Beman again to turn the building into studios and theaters • The building underwent extensive remodeling in 1898 in order to create a space for Chicago's art and literary world. After the remodel, the building's theater was dedicated to its former owners and renamed Studebaker Hall. • Then became a 10 story building in the summer of 1898 • It became a gathering for musicians, writers, artists, publishers 1908-1910 • Became known as "the first colony in chicago" • This was remodeled in 1909 when Frank Lloyd Wright designed the Thurber Art Galleries • Original features such as the hand-operated elevator with its bronze cast doors, 1898 Art Nouveau murals on the 10th floor atrium, and a Venetian courtyard garden. • The building's motto, "All......

Words: 491 - Pages: 2

Premium Essay


...complaint response time, timetaken to fulfill customer ordersInternal business process perspective:yield, productivity, order delivery time, on time delivery Learning n groth perspective: percentage of employees trained in process n quality, management; employee satifiction, no.of major process improvements. Stuebaker is auto manufacture prospered in the late 1940’s and into the 1950’s. Their advertising after World War II emphasized quality of design and production. The corporation also used the stability of its work force in its advertisements, often featuring pictures of father and son working side by side in its factories.a. From just this brief description of Studebaker Corporation, which of Porter’s competitive strategies -- cost leadership, differentiation, and cost-cum- differentiation -- would you guess Studebaker was using? Explain your choice.b. Given your answer in Part A, speculate on what market factors might have caused the Corporation to go into bankruptcy and cease production in the mid-1960s. a.Studebaker attempted to achieve a distinctive quality image in its advertising as a way to differentiate itself from other auto company products. Its cars were competitively priced, but the company was not a cost leader, nor did it attempt to focus on a particular segment of the auto-buying public.b. If differentiation was the chosen answer, it follows that the stress on quality eventually led to higher cost (and prices) that made the car less competitive. In......

Words: 2452 - Pages: 10

Premium Essay

Haight's Life Review so he had a hard time dealing with his father’s death, as he was the first person to who left his life. During his early childhood years religion was a big part of his life and he remembers going to church when he was young. J.B. stated that although he hated attending services, going to church was a way of keeping him grounded and he found strength in God when things were going wrong. As a child, he felt like having religion in his life really helped him. Although client does not remember having any childhood illness he stated that in 1975 at the age of 24 he was diagnosed with Hodgkin’s disease. When J.B. was just 16 years old, shortly after he started driving, he stated that he was broadsided by a drunk driver and his 1960 Studebaker, which his mom let him have as his dad passed away when he was 15, was demolished and the drunk driver fled the scene. He remembers how devastating this accident was to him because it was his dad’s car and he knew that his mom couldn’t afford to buy him another one. Losing his car and his dad were the most important things that he has ever lost. There were several situations in which J.B. was in dangerous situations but the one that is most memorable to him was when he was 11 years old and a gun was pointed at his mom, little sister and him while they were parked in a car. He stated that he remembers pushing his mom and little sister on to the floor and covering them up and fortunately the drunken guy left without shooting. ......

Words: 5659 - Pages: 23

Free Essay

Anheuser Busch Clydesdales

...million dollars? Let’s say you did and with that purchase, you got 18 hands, 6 feet and only 30 seconds to be part of it. You would have just felt like a marketing executive at Anheuser-Busch Brewing Company, the maker of Budweiser beer. The marketing department purchased a commercial spot during the 2013 Super Bowl with its iconic mascot, a Clydesdale horse. The interesting history of this company along with the characteristics of its iconic mascot and the amounts of money to advertise during the Super Bowl is amazing. First of all, the Anheuser-Busch (Budweiser) Company adopted the Clydesdale horse during the depression, around the 1930’s. August A. Busch, Jr. presented his father, August A. Busch, Sr., with a gift. It was a Studebaker beer wagon with a perfectly conformed six horse hitch of Clydesdales (Wikipedia 2013; The Clydesdale horses are mostly used in exhibitions and parades because of their size and grace. Secondly, is the main characteristics of these massive animals are their colors. There are different shades of Bay, Brown, Chestnut and Black predominantly, but with a white underbelly as well as a white feather (long hair) over their ankle to their hooves (Wikipedia 2013; Their average growing is over 2,000 pounds and stand 18 hands (6 feet) tall; they are known for their grace and to become part of the Anheuser-Busch family is specific. ......

Words: 474 - Pages: 2

Premium Essay


...WPPDA, there were no civil enforcement provisions or federally enforceable rights to vested benefits. State common law and regulations generally governed where federal law was silent. Although a few self-funded health plans were in existence, mainly in the unionized work force, most employment-based health benefits were provided through insurance contracts, which were regulated by the states. During the 1950s and 1960s, the lack of legal protections afforded pension plan participants resulted in retirees in some well-publicized cases receiving much smaller retirement benefits than what was promised. One of the most significant cases was the bankruptcy of the Studebaker automobile company in the early 1960s, which left thousands of long-tenured workers with only a fraction of their promised pension benefits. The Studebaker collapse led directly to the congressional hearings that culminated in the enactment of ERISA. Although the security of health and other types of employee benefit plans was clearly not as central as pension funding in its formation, ERISA was drafted to cover all employee benefit plans, including health benefits (Employee Benefit Research Institute, 1984; Shay, 1993; Butler, 1994; Gordon, 1993 and 2007). This inclusion was no oversight. Despite claims that ERISA’s broad pre-emption was inadvertent, the official legislative history supports the scope of pre-emption. At least two specific references to broad pre-emption were cited in the Congressional Record......

Words: 2182 - Pages: 9

Free Essay


...but; the Packard Auto Company could not compete with the other major automotive companies with companies like Ford and General Motors producing more cars in a month than Packard could produce in a year. Nance wanted to combine small independent companies with Packard to compete with the major car companies. The last true Packard rolled off the production line at Packard's Detroit plant in 1956. The company had once been the standard of American luxury, but by the early 1950s Packard was having a hard time fighting dwindling car sales. Packard merged with the also struggling Studebaker in the 1954 in an attempt to solve their sales woes. In doing so the two companies created the fourth largest car company at the time and sealed the eventual fate of Packard. Within two years it had been announced Packard production in Detroit would be shut down. Although the name was used for two more years on rebadged Studebakers, the last "real" Packard was the one built on June 25, 1956. On the 100 year anniversary of the Packard Auto Company demolishing of the Packard Automotive Plant began but, soon came to a complete halt. Today the Packard Plant stands as the largest abandoned industrial complex in the world. Since its abandonment, the Plant has been a favorite for urban explorers, graffiti artists and vandalism. It may come as a surprise to many people that a Plant 3.5 million sq feet that stretch over 40 acres of land would continue to rot for over 50 years in a major city but, the......

Words: 2140 - Pages: 9

Free Essay

Case Study

...Case Study Studebaker v. Nettie’s Flower Garden, Inc. April 5, 2015 Summary: Judith Studebaker filed suit against Nettie’s Flower Garden, Inc. (Studebaker v. Nettie’s Flower Garden, Inc) after being injured in an accident on August 9, 1989. A van driven by James Ferry, collided with her vehicle. When the case went to court, the jury found Nettie’s Flowers responsible for Studebaker’s injuries, and awarded her $125,000. (Twomey, 2015, p 620). Ferry’s job at Nettie’s wa delivering flowers for the company, but, when the case was heard Nettie’s claimed that James Ferry was an independent contractor (Twomey, 2015, p 621), and paid Ferry based on the number of deliveries made instead of how many hours actually worked. Ferry used his own personal van for deliveries, and Nettie’s Flowers requested Ferry equip his van with air-conditioning and heat to protect the plants. Ferry was responsible for delivering in his assigned territory. Although, Nettie’s did not supply Ferry with a company uniform he was expected to have a neat appearance, and conduct himself in a professional manner while on the job. (Twomey, 2015, p 620). On the date of the accident, Ferry made a mid-day stop downtown, and, then ran by a pawn shop to handle some personal business. Shortly after leaving the pawn shop, and heading to do his afternoon run Ferry collided with Studebaker’s vehicle. After leaving the pawn shop, and headed to do his afternoon run, Ferry’s van collided with Studebaker’s vehicle.......

Words: 964 - Pages: 4

Premium Essay

Criminal Trial

...a large issue. Pretrial publicity threatens the rights of fundamental fairness in prosecution. However, since these rights were developed before media grew as technology grew, there is not enough importance placed on the issue of pretrial publicity. The prejudice is enhanced as much of the media is geared toward crime and presents cases in an “anti-defendant” manner. While voir dire is developed to screen out potential jurors subject to pretrial publicity, it is not enough. Jury deliberation is another safeguard to discourage jurors by asserting pretrial publicity as inappropriate and not to be discussed. It is believed that if pretrial publicity is not discussed, it will have a significantly lower effect on the verdict from the jury (Studebaker & Penrod, 2005). Another large concern within the criminal justice system is the influence of the attorneys through cross-examination. Attorneys often persuade the judge and jury of their version of the events. They will also attempt to dissuade the judge and jury of the opponent’s version; such is the nature of the adversarial system of justice. The power of social influence operates at many stages of trial, including during jury selection. The attorney has the opportunity to begin influencing potential jurors before the trial has even commenced. Influence is exerted during the opening statements and closing arguments, as well as in direct examination and cross-examination. The attorneys will use various means of persuasion,......

Words: 3921 - Pages: 16

Premium Essay


....html A New Era On Jan. 20, 2009, Fiat agreed to take a 35 percent stake in Chrysler in a deal that would allow Chrysler to use Fiat's technology and vehicle platforms to build more fuel-efficient, small and midsize cars and sell them in North America. In March, President Obama essentially rejected the plan and gave the company 30 days to complete the partnership deal with Fiat or face a cutoff of federal funds. Mr. Obama's auto task force had concluded that Chrysler could not survive as a standalone company. On April 30, after negotiations with the smaller creditors failed, Chrysler was forced to seek Chapter 11 bankruptcy protection, the first time a major American car company tried to restructure under bankruptcy protection since Studebaker in 1933. The government supplied $6.6 billion in debtor-in-possession financing after the alliance with Fiat was signed. In exchange for deep cuts in wages and benefits, the U.A.W. became the majority owner of Chrysler, with Fiat and the United States as junior partners. Fiat took over control of management along with its 20 percent stake. Chrysler's troubles continued even after it emerged from bankruptcy. In 2009, its sales in the United States tumbled 36 percent, and it sold fewer than a million cars for the first time since 1962. At the Detroit Auto Show in January 2010, Chrysler played an uncharacteristically quiet role. Mr. Marchionne, who is chairman of Fiat and led its turnaround, stressed that there were no shortcuts to a...

Words: 2127 - Pages: 9

Premium Essay

Second World War

...transportation, but during the war practically shut down rail equipment production: only about 92 locomotives were produced. 2,000 locomotives and 11,000 railcars were supplied under Lend-Lease. The USSR had a pre-war stock of over 25,000 locomotives and 600,000 railcars. The Lend-Lease stock did not start being shipped until 1944. Likewise, the Soviet air force received 18,700 aircraft, which amounted to about 14% of Soviet aircraft production (19% for military aircraft). Although most Red Army tank units were equipped with Soviet-built tanks, their logistical support was provided by hundreds of thousands of U.S.-made trucks. Indeed by 1945 nearly two-thirds of the truck strength of the Red Army was U.S.-built. Trucks such as the Dodge 3/4 ton and Studebaker 2 1/2 ton, were easily the best trucks available in their class on either side on the Eastern Front. The U.S.A. help the most considerable ,compare with other allies, for the USSR victory and therefore it can be said if the US would not help the Soviets, Hitlers army would win over the USSR, what males the US the most important reason and ally of the USSR. USSR Role in WW2 The Soviet Union had a very important and the decisive role in WWII. Hitler invaded the Soviet Union in 1941. Most of the German troops were involved in the combats at the eastern front, so they couldn't fight at the western front. Most of the best material and soldiers had to be reserved for the eastern front and the German army suffered 88% of its......

Words: 2251 - Pages: 10

Free Essay

To What Extent Do Miller and Carver Present Sufferings of Characters in Relation to Others?

...fatigue seen in “Doreen spent more time in bed now…she napped in the afternoons before going to work.” Never is Earl concerned about the welfare and health of his wife which emphasises his primary objective is for her to be an object to show off which is shown when he repeatedly searches for validation from others when he repeats “what do you think?”. Suffering due to others can also be seen in Death of a Salesman and Neighbours in the constant desire to have more material, consumer products, which is shown to be the ultimate want because of The American Dream which had changed from a pastoral idyll to paramount consumerism . We can see this in Death of a Salesman by the repetitive use of company names such as “Chevrolet”, “Hastings” and “Studebaker.” Willy referring to these with the company names shows the importance of having these products and material wealth is in this society. We can see this when Willy goes to meet his boss, Howard, who is gloating about his new tape recorder “the most terrific machine I ever saw in my life” and sternly advises Willy to buy one. Willy agrees “I think i’ll get one myself” which shows the pressures of the time to increase your consumer wealth, Willy knows he is unable to afford a new machine but says he will buy one despite still owing money on other appliances. This shows suffering for Willy as he is trying to progress at the same rate with successful business men which causes more delusion for himself. We can see the same......

Words: 1716 - Pages: 7

Premium Essay


...version of a given product, the number of hand assembled components from 100 to, say, 30. We can also influence them to reduce the number of functional tests they specify if the tests are not really adding value to the process. Mark Studebaker, the product design engineer, who worked with Nick Katte concurred: The difference in placement cost between these components are now highly visible. Before, engineering people and factory people had different mental models of factory cost and we were working at cross purposes, forcing us to do lots of special studies to get better estimates of costs that we could agree on. Now we're all very much on the same page and pointing in the same direction about the impact of design decisions on manufacturing costs. The cost information could also be used to choose between alternative vendors of components. For example, Intel chips, with more standard technology, were easier to place using SMT. But these chips offered less functionality. Marketing and design engineers were now having discussions about whether customers would value the added functionality that came from a more expensive design or whether the standard chips that were less expensive and easier to place would be adequate. Mark Studebaker expressed a concern, however, that the ABC information might encourage too much tinkering with product designs: The design engineer's job is change—new products, and redesigned products for cost reduction. ABC is a tool that......

Words: 6152 - Pages: 25

Free Essay

History Essay

... The capitalist who shaped industrial America made the southern industry more developed. Although it shaped society for us today the capitalist went about it the wrong way. Industrialization was often introduced as beneficial to all, profitable even in history. In document I “John D. Rockefeller , testimony to the U.S. Industrial commission, before the house of representatives, 1899.” It says “their chief advantages are:… power to give the public improved products at less prices and still make a profit for stockholders…” this discusses the advantages that the industrial oil company has and how beneficial it was to the public. To add some reality to this there were flaws with industrialization an example is in document H “Clement Studebaker, manufacturer of horse-drawn vehicles, testimony to Chicago Conference on Trusts, 1899” it says “No true monopoly is possible in this country..” The way this quote was perceived was that in this country there was no big money guaranteed. The capitalist were corrupt “Robber Barons”. Industrializing was hard work but not for the capitalists. As in many cases in the south the wealthy had it easy and the poor had it hard and now children were mistreated as well. The wealthy class was considered the superior to the poor. They were the bosses and they benefited a lot from the industrialization of the south. The wealthy had to share their “knowledge” with the poor. Document C “Andrew Carnegie gospel of wealth,1899” it says “This,......

Words: 501 - Pages: 3

Free Essay


...year in advance. One of the film's best moments of deliciousness comes with the revelation that Yoshikazu, rather than his father, made the sushi that won the Michelin inspectors over; so much for working humbly in the old man's shadow. And one of its surprises comes when Jiro speaks with admiration bordering on reverence for the French chef Joel Robuchon: "If I had his tongue and nose…" he says wistfully. If he did, then what? Would his sushi taste like sushi at all? DVD Focus 'Pleasantville' (1998) In Gary Ross's debut feature, teenage fraternal twins played by Tobey Maguire and Reese Witherspoon are magically transported from present-day suburbia to a picture-perfect town in the black-and-white world of 1950s television. Spiffy Studebakers and Packards stand on driveways next to spotless split-levels. Fathers always know best, and every player sinks every shot during high-school basketball practice. For a while I thought Mr. Ross would sink every shot too; instead, he sinks his premise by turning it into a leaden political parable. Until then, though, "Pleasantville" sparkles with poetic notions as color spreads throughout the town. 'The Truman Show' (1998) Like the battling kids in "The Hunger Games," Jim Carrey's Truman Burbank is trapped in an artificial environment, but he doesn't know it, even though his whole existence is being played out on a vast television set, which he mistakes for the real world. "The Truman Show," directed by Peter Weir from a script by......

Words: 1705 - Pages: 7

Premium Essay

The Life

...service operations for Robert’s Auto Sales and Service ( RASAS) started work at the beginning of the year. It is now mid-February, RASAS consists of three car dealerships that sell and service several makes of American and Japanese cars, two auto parts stores, a large body shop and car painting business, and an auto salvage yard. Vikky Roberts, owner of RASAS, went into the car business when she inherited a Studebaker dealership from her father. The Studebaker Corporation was on the wane when she obtained the business, but she was able to capitalize on her knowledge and experience to build her business into the diversified and successful mini empire it is today. Her motto, “Sell them today, repair them tomorrow” reflects a strategy that she refers to in the private as “Get them coming and going”. Roberts has always retained a soft spot in her heart for Studebaker automobiles. They were manufactured in South Bend, Indiana, from 1919 to 1966, and many are still operable today because of a vast number of collectors and loyal fans. Roberts has just acquired a 1963 Studebaker Avanti that needs a lot of restoration. She has also noted the public’s growing interest in the restoration of vintage automobiles. Roberts is thinking of expanding into the vintage car restoration business and needs help in assessing the feasibility of such a move. She also wants to restore her 1963 Avanti to mint condition, or as close to mint condition as possible. If she decides to go into the car......

Words: 2586 - Pages: 11