Elena is saddened by the recent death of her mother, Jackie. Following the settlement of the estate, Elena received $250,000 as the sole beneficiary. In the will, Jackie stated that it was her wish that the remaining assets of the estate were for the use of Elena (at her sole discretion) and for the benefit of her children. Jackie did not want Elena's husband, Jack, to gain any entitlement to these funds. Jackie knew that Elena and Jack were having marital problems and did not want him to get entitlement to these assets in the event of divorce. Elena asks her CFP Professional for advice regarding what she should do with these funds as she wants to respect her mother's wishes.. Which of the following suggestions will meet Jackie's final wish?
(i) Invest the $250,000 in an investment account in Elena's name only
(ii) Purchase a family cottage with the funds intended for use of Elena and her children.
(iii) Pay down the mortgage on the current matrimonial home.
(iv) Renovate the kitchen and landscape the property of their current home
Required: (9 marks)
Select the best answer and briefly indicate (point form) why it is the best response.
Briefly explain why the other three responses are not as good as the one you selected
1. What is the difference between a binding versus a non- binding constraint when solving optimization problems? (3 Points) 2. What type of analysis should be conducted to understand changes to the input variables as they affect the optimal solution? ( 3 Points) a. Regression Analysis b. Non-linear optimization c. Sensitivity Analysis 3. The optimal solution for integer and linear optimization problems are always the same (TRUE/ FALSE) (2 Points) 4. List 3 linear or integer optimization applications or use cases? (3 Points) 5 . What optimization solving technique/ method does EXCEL 6 use to solve linear optimization problems? (3 Points)IA. The study of economics is comprised of three general areas: microeconomics, macroeconomics, and econometrics. What is econometrics? Provide a comprehensive definition of econometrics. IB. What are the two general uses of econometric models? List and briefly discuss both of these. IC. The multiple linear regression model was argued, in general, to be superior to the uni-variate linear regression model for two reasons. Considering your response to IB, discuss the two reasons the multiple regression model is superior.QUESTION 13 A list of all accounts and their balances after posting closing entries is referred to as: O A trial balance. O An adjusted trial balance. O A post-closing trial balance. An accounting trial balance. QUESTION 14 A list of all accounts and their balances after updating account balances for adjusting entries is referred to as: O A trial balance. O An adjusted trial balance. O A post-closing trial balance. O An accounting trial balance. QUESTION 15 A post-closing trial balance: Is a list of all accounts and their balances after adjusting entries. Is a list of all accounts and their balances before adjusting entries. Is a list of all accounts and their balances after closing entries. O Is a trial balance adjusted for cash-basis accounting.Newborn Toys prepaid three years' rent ($31,500) on January 1, 2018. At December 31, 2018, Newborn prepared a trial balance and then made the necessary adjusting entry at the end of the year. Newborn adjusts its accounts once each year-on December 31. Read the requirements. What amount appears for Prepaid Rent on Newborn's unadjusted trial balance at December 31, 2018? What amount appears for Prepaid Rent on Newborn's adjusted trial balance at December 31, 2018? (Enter a "0" for any zero balances.) Prepaid Rent i Requirements X Balance a. Unadjusted trial balance at December 31, 2018 b. Adjusted trial balance at December 31, 2018 What amount appears for Prepaid Rent on a. Newborn's unadjusted trial balance at December 31, 2018? b. Newborn's adjusted trial balance at December 31, 2018? What amount appears for Rent Expense on a. Newborn's unadjusted trial balance at December 31, 2018? b. Newborn's adjusted trial balance at December 31, 2018? Print DonePART V Local Optimization (15 points) Perform local optimization on the following basic block. Assume the registers ti (i=1,...,8) are not used outside of this basic block. Show in each step the kind of optimization (e.g., algebraic simplification) and the outcome of this optimization. Apply as many iterations of local optimization as you can. tl = a -4 12=i * 4 13 = tl [t2] 14 =a-4 15 =i * 4 t6 = 14[15] 17 = 13 * t6 18 = sum + 17 sum = 18 i=i+1 1. Kind of optimization: Resulting code: 2. Kind of optimization: Resulting code: 3. Kind of optimization: Resulting code
