Managing your personal finance Case Study Example | Topics and Well Written Essays - 750 words

Managing your personal finance - Case Study Example Belle is risk-adverse thus holds about$60,000 in savings account which can be used to provide allowances to her parents for 60 months if $1,000 is paid every month; and $110,000 in 1 year fixed-deposit that could be used to cover the outstanding balance on loan which is $605,230. The mortgage is charged at 1.5 percent fixed for 25 years. Her mortgage covers critical illness or permanent disability at premium of $3,359 pa. In the event she passes, the $1,500,000 Term plan and $600,000 critical illness benefits cover Kenji and Karen’s educational requirements. This is because, the total educational expenses are about S$25,000 today and when factoring 6 percent inflation rate in next four years, this amount will be equivalent to S$31,561.92 [that is, 25000x(1+0.06)4]. It is also given in the case that Belle has been advised to keep aside ‘Emergency’ expenses (3 times her monthly gross income or about 4,500,000) that will provide immediate money to her children. In ad dition, the limited-pay whole life plan covering Critical Illness upto $50,000 has cash value $48,750 at premium of $19,500 pa that will give her tax benefits. (b) In the event that Belle passes on without making any formal arrangement (as discussed in (a) above) to pass on her estate, how will her estate then be distributed. Explain with relevant references. Belle has recently discovered lumps on her breast which she suspects could be early signs of breast cancer. As she is risk-adverse, Belle decided to buy Term plan worth $1,500,000 including $600,000 Critical Illness benefits that will benefit her offspring in the event she dies of cancer (critical illness). The plan is covered till age of 99 and she is presently 42 years old and only requires $14,604 outlay per year. Belle is 42 years old and is currently employed as Marketing Director of a multinational corporation that requires frequent travels

Defining and Assessing Modern CSR Coursework Example | Topics and Well Written Essays - 750 words

Defining and Assessing Modern CSR - Coursework Example Mike Duke, the company’s CEO, states that this demonstrates the new social and environmental facets Wal-Mart has added to its efforts. The company believes that accountability and transparency are part of the good and responsibility element of all companies across the world. Wal-Mart’s yearly report shows its constant and evolving work in social responsibility matters. Since 2011, the reports have been divided into three main reporting areas: social, environmental and goals. The 2011 report covers all aspects of CSR issues (Simpson & Taylor, 2013). It shows how its effective sustainability 360 framework has helped it become the retail leader in the industry. It also conveys the major progress made by the company and the reduction objectives of greenhouse gas emissions of its supply chain by, latest, 2015. The company’s financial contributions in kind, including investments in health, commitments to preventing hunger, education, funding for local farmers and facilitating access to healthier and cheaper food, are also part of the report. The company has faced numerous challenges over the years. It appears that legal and social obstacles have acted as vital reasons for the creation of its code of conduct and yearly reporting. This claim can be illustrated in two relevant situations: Wal-Mart Stores Inc. v. Dukes et al. and the media reports accusing the company of using child labor (Simpson & Taylor, 2013). Despite starting over a decade ago, this case is still being heard by the US Courts. It started as a national class action against the company. The plaintiffs alleged that female workers in Wal-Mart and its affiliate stores suffered discrimination based on their gender (Simpson & Taylor, 2013). They claimed that they were discriminated upon in terms of pay and promotion to senior management roles, hence violating for Civil