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2010F4505Assignment#2 JackandJill

2010F4505Assignment#2 JackandJill - ADMS 4505 Assignment#2...

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ADMS 4505 Assignment #2 Fall, 2010 Due at the beginning of class, Nov 29, 2010 .                             The Case of Jack and Jill  Background Information: Jill is 42 years of age and Jack is 44. They have been married for 15 years and  currently live in Cambridge, Ontario.  Jill teaches high school, and Jack is a  production manager in the Kraftile Foods plant where they manufacture “food”  snacks such as potato chips, pop corn frittles, crunchies, and corn chips. Since a  few years ago, when the consumer’s preference began to change to healthier  foods, the plants profit margins have declined.  Jack and Jill have two children Marika, age 10, and Ivan age 12. Marika is a  gifted athlete and plays the piano, and Ivan plays hockey at the Pee Wee level  but is not very good. He would rather play video games.  Since Jack is in a senior managerial position, two of the corporate benefits that  his company provides to him on a yearly basis are an executive medical, and a  personal  financial planning service for the family  (including Tax completion).  The benefits are entirely paid for by the company, up to a maximum of $10,000.  ($5,000 for each benefit). Jack must go to see the company selected physician  however he can select any financial planer that he wants, or receive the cash as  taxable income.  Several years ago Jack went to see one of your financial  planning competitors.  He was disappointed with the outcome due to the fact that  the financial planner only dealt with his investments and talked a lot about certain  mutual funds that he said would prove to be an excellent investment. The  recommendations that were proposed by the financial planner, turned out to be  very disappointing at best, with the result that Jack’s investment portfolio  declined about 16% in value over the past 3 years. Furthermore it is proving  difficult for Jack to make changes to his portfolio because of the high DSC fees  associated with the funds.  1
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       Due to the stress on the job, and the concern that the plant may close if business  does not pick up, Jack has developed some medical problems including high  blood pressure and a high levels of cholesterol. He has become concerned but  has not mentioned anything to his wife for fear of alarming her.
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