The Assessment of Economic Losses
Assignment ID Number AFFGEHU83939HD Type of Document Essay Writing Format APA/MLA/Harvard Academic Level Masters/University References/Sources 4 References
The Assessment of Economic Losses
The topic of this case is ‘calculating economic damages,’ which is also the title of Chapter 12.
Your final goal is to complete the case’s ‘Enclosure E’ form on page 224. You must first work on Enclosure BE in order to accomplish this.
This case is similar to Haley Mills’ case in the textbook’s ‘Permanent Disability Cases’ section, but the main difference is that, whereas Haley will not be able to work again, Jane Doe has found a new employment. That is, you must determine the difference between 1) the pay she would have earned until retirement if she had not been injured, and 2) the wage she will actually earn until retirement. Also, because we’re dealing with ‘future cash flows,’ we must discount them to ‘present values’ when calculating the defendant’s economic damages.
Guide to the Assignment
1. In Excel, create Enclosures B and C and compute the expected income (f) for pre- and post-injury employments until Jane’s retirement age.
2. Calculate (f) as follows: (a)-(b)+(c)=(d); (d)-(e)= (f). About page 219, you can find information on the current wage, growth rate of that salary, tax rate, (fringe) benefit as a proportion of annual salary, and percentage of unemployment risk.
3. In Excel, create Enclosure D and compute the cost of replacing a home. On page 219, there is additional cost information. You don’t have to be concerned with the current value just yet.
4. In Excel, create Enclosure E and calculate the overall economic loss. In Enclosure BE, you already calculated (a) through (c), and (d) = (a) – (b) + (c).
5. The present value formula on page 219 can be used to calculate (e) in Enclosure E.
6. In Excel, create Enclosure F and complete the form. The ‘past’ damages are those that occurred prior to the trial date (i.e., before the 2-year anniversary of the accident), and the ‘future’ damages are those that are expected to occur after the trial.
What to send in:
In separate tabs, submit ‘one’ Excel file with Enclosure BF.
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The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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