Running Head FMLA AND ADD .docx

Running Head: FMLA AND ADD
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Running Head: FMLA AND ADD
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FMLA and ADD
Eddie Feliciano
Rasmussen
Author Notes
This research is being submitted on April 24, 2013, for Eddie
Feliciano B230/FIN1000
FMLA and ADD
If any employee wishes to take FMLA leave there are certain
requirements that must be met. In addition to the length of
employment and hours worked in the 12 months prior to the
request the leave must be for a qualifying reason. The

qualifying reasons include: maternity leave, unable to perform
job duties as a result of serious health condition, adoption of
child, needed to care for spouse, child, or parent with serious
health condition. Comment by Rob Paixao: Comments
number two through five in the chart below… Relevance…
Analysis… Source…
The only part of this rule that is open to interpretation is the
serious health condition clause. The law outlines that a serious
health condition must intervene with being able to participate in
normal daily activities. In the case of Perry vs. Jaguar this is
where the claim did not stand up in court. Comment by Rob
Paixao: Comment number one above…
The serious health condition clause is the key to FMLA
leave requests. If the health condition does not affect the ability
to conduct daily activities, as was the case for Perry whose
child was still able to go to school and play video games, the
FMLA law would not apply (Hesse & Ehrens, 2006). Jaguar did
not violate Perry’s rights by not allowing him to return as the
health condition of his child did not meet the requirements to be
a serious health condition under the FMLA regulations.
If the child had needed more comprehensive care, such as not
being able to attend school or play with other children, play
video games or ride his bicycle, then the FMLA clause may
have been invoked but as the condition stood, the bi-annual
doctor appointments and medication for the child allowed him
to continue his daily activities which meant there was no reason
for Perry to take FMLA leave. Comment by Rob Paixao:
Comment number one above
.
References
Hesse, K. A., & Ehrens, D.,R., M. (2006). Family medical
leave. Benefits Quarterly, 22(3), 57-58. Retrieved from
http://search.proquest.com/docview/194931528?accountid=3252
1
Please refer to the comment table below.

When you are reading the comments and suggestion in the
comment bubbles in your paper you can refer to the comment
number and its meaning. They serve as the basis for the score
you received.
If you have any comments or questions, you are always
welcome to contact me after you have reviewed these comments
and suggestions. Thanks for the submission.
Rob
Comment Number
What does it mean?
1
Not proper APA format…in its entirety
A
Title page missing
B
Reference Section missing
C
Not a proper in text citation
2
Proofreading
A
Never use contractions (don’t, doesn’t, and so on…)
B
Never use abbreviations (USA, NM, and so on…)
3
Source? Analysis? Relevancy? In text citation at the end of the
sentence?
4
What are you trying to say here? I do not understand what you
are trying to say here…?
5
Good idea here…How would you expand on it here? What

would be the source? How would it be relevant? How would it
fit in the analysis? Where would the in text citation be at the
end of the sentence?
6
What source provided the data for this? It is missing?
Rubric: Assignment
Total Possible Score: 20 (100%)
Total Possible Score: 20 X ( %) = /20
Thesis Statement
The student defines terms, conditions, and all arguments of the
assignment.
The student summarizes historical evolution.
The student explains relevance of the topic and argument of the
assignment.
The student analyzes the topic and argument of the assignment.
The student evaluates several views of topic discussed
Total: 20%
Distinguished - Thoroughly and comprehensively developed
introduction and thesis statement, giving a clear direction and
purpose of the paper. (100%)
Proficient - Clearly developed introduction and thesis

statement, giving some direction and purpose of the paper.
(80%)
Basic - Introduction and thesis statement are present, and
somewhat give direction and purpose of the paper. (70%)
Below Expectations - Introduction and thesis statement are
present, though incomplete. The direction and purpose of the
paper is unclear. (60%)
Non-Performance - The introduction and thesis statement are
either non-existent or lack the components described in the
assignment instructions. (50%)
Resource Section & Resource Requirement
The student identifies examples and their relevance to the topic
and argument of the assignment.
assignment.
---
Total: 20%
Distinguished - References within the bibliography are
appropriately selected, correctly cited, and clearly relevant to
the assignment, according to the description provided. (100%)
Proficient - References within the bibliography are
appropriately selected, cited, and relevant to the assignment,
according to the description provided. (80%)
Basic - References within the bibliography are appropriately

selected and somewhat relevant to the assignment, according to
the description provided. (70%)
Below Expectations - References within the bibliography are
not appropriately selected, and may be irrelevant to the
assignment, according to the description provided. (60%)
Non-Performance - The bibliography is either nonexistent or
lacks the components described in the assignment instructions.
(50%)
Critical Thinking: Evidence
assignment.
assignment.
The student logically develops the thesis to lead to the
conclusion.
The student supports development with facts, full explanations,
and persuasive reasoning.
The student uses his or her own words (quotations are less than
5% of body).
The paper includes a strong conclusion that is consistent with
thesis.

Total: 20%
Distinguished - Employs persuasive information from credible
source(s) to develop an ample analysis or synthesis of the topic.
Viewpoints of experts are scrutinized thoroughly. (100%)
Proficient - Employs applicable information from credible
source(s) to develop an analysis of the topic. (80%)
Basic - Identifies applicable information from credible
source(s), but may neglect the application of such information
toward the analysis of the topic. (70%)
Below Expectations - Displays information from external
source(s), but such information may lack credibility and/or
relevance. Neglects the application of such information toward
the analysis of the topic. (60%)
Non-Performance - The assignment is either nonexistent or
lacks the components described in the instructions. (50%)
APA Formatting
The student uses APA in-text (short) citations to sources.
The student uses APA long citations on reference page.
Total: 20%
Distinguished - Accurately uses APA formatting consistently
throughout the paper, title and reference page. (100%)
Proficient - Exhibits APA formatting throughout the paper.
However, layout contains a few minor errors. (80%)
Basic - Exhibits basic knowledge of APA formatting throughout
the paper. However, layout does not meet all APA requirements.
(70%)
Below Expectations - Fails to exhibit basic knowledge of APA
formatting. There are frequent errors, making the layout
difficult to distinguish as APA. (60%)
Non-Performance - The assignment is either nonexistent or
lacks the components described in the instructions. (50%)

Proofreading
Content Criteria
assignment.
assignment.
The student evaluates several views of topic discussed (20%)
The paper includes an introduction with a clear and concise
thesis statement.
The student logically develops the thesis to lead to the
conclusion.
The student supports development with facts, full explanations,
and persuasive reasoning.
The student uses his or her own words (quotations are less than
5% of body).
The student uses logical paragraph and sentence transitions.
The student uses complete and clear sentences.
The student uses correct grammar, spelling, and punctuation.
The paper includes a strong conclusion that is consistent with
thesis.
Research Criteria
The student writes at least 1,500 words in body of essay.
The student cites at least three relevant academic articles found
in the Ashford Online Library.
The student uses APA in-text (short) citations to sources.
The student uses APA long citations on reference page.
Total: 20%
Proofreading
The student uses logical paragraph and sentence transitions.

The student uses complete and clear sentences.
The student uses correct grammar, spelling, and punctuation.
Total: 20%
Distinguished – not one mistake can be found (100%)
Proficient – there are some mistakes but they did not impact the
paper (80%)
Basic – there are some mistakes but they made the reading a
little troubling (70%)
Below Expectations –the Paper was made difficult by faulty
grammar and proofreading errors (60%)
Non-Performance – the paper really was difficult to read
because of grammar spelling other errors as indicated in this
paper (50%)
Week 04
Agreements and Contracts
Contracts A contract is a legally enforceable agreement between
two or more competent persons.A valid contract is one that is
enforceable by the courts and it has five requirements:
Mutual agreement
Competent parties
Consideration

Lawful purpose
Any formal requirementsAll contracts are agreements,
but not all agreements are contracts; only those agreements
enforceable by law are contracts.
Contracts are classified as:Valid contracts, void
agreements, and voidable contractsExpress and impliedFormal
and simpleExecutory and executedUnilateral and bilateral
Types of ContractsA void agreement is one that is of no legal
effect.A voidable contract is one that may be set aside by at
least one of the parties.An express contract is one in which the
parties express their intentions by words at the time of the
agreement.An implied contract is one in which the duties and
obligations that the parties assume are not expressed but are
implied by their acts or conduct.
Types of Contracts ContinuedA formal contract is one that must
be in a special form or be created in a certain way.A simple
contract is a contract other than a formal contract.An executory
contract is one in which the terms have not been fully carried
out by all parties.An executed contract is one in which the terms
have been fully carried out by all parties.
Types of Contracts ContinuedA contract in which an act is done
in consideration for a promise is a unilateral contract.A bilateral
contract consists of a mutual exchange of promises to perform
some future acts. Each promise is consideration for the other.A

quasi contract is the imposition of rights and obligations by law
when no real agreement exists.
Agreements
An agreement is reached when one party makes an offer
and the other party accepts the offer. The intention of one party
to make or to accept an offer may be inferred from acts if a
party's conduct leads the other party reasonably to believe an
offer is made or an acceptance is intended.
There are three requirements of a valid offer:The offer must be
definite.The offer must be seriously intended. If it is made in
jest, banter, fear, or extreme anger, it ordinarily is not an
acceptable offer.The offer must be communicated to the offeree.
Duration of an offer is affected by the following factors:An
offer may be revoked by the offeror at any time prior to
acceptance.An option cannot be revoked at will.Revocation of
an offer must be communicated to the offeree prior to
acceptance.An offer is revoked by the lapse of the time
specified in the offer.Death or insanity of the offeror before
acceptance revokes the offer.Rejection of an offer by the
offeree and communication of the rejection to the offeror
terminates the offer.Illegality of the contract after the offer has
been made terminates the offer.
A proper acceptance of an offer creates a contract.The
acceptance may be by words, oral or written, or by some act

which clearly shows an intention to accept.Silence seldom
constitutes an acceptance.If the offer stipulates how acceptance
must be made, these stipulations must be met for the acceptance
to be valid.
Agreements and the LawIn order that an agreement may be
enforceable at law, all parties must have the legal and mental
capacity to contract.Those whom the law considers at least in
some degree incompetent to contract are: Minorsmentally
incompetent personsintoxicated personsconvicts.
Disaffirmance Disaffirmance means the repudiation of a
contract.A minor has the legal right to disaffirm a voidable
contract at any time during minority or within a reasonable time
after becoming of age.If the contract is wholly executory, a
disaffirmance completely nullifies the contract.A minor, upon
electing to disaffirm the contract, must return whatever was
received, provided it is still in the minor's possession.
Ratification Ratification is indicating one's willingness to be
bound.A minor may ratify a voidable contract only after the
minor has attained majority.A contract cannot be ratified in part
and disaffirmed in part; all or none of the contract must be
ratified.
Consideration
Consideration is whatever the promisor demands
and receives as the price for a promise.Consideration may be

another promise.For a promise to be consideration, the promise
must impose an obligation upon the person making the
promise.Consideration may be the performance of an act or the
making of a promise to refrain from performing a lawful act.
Invalid Consideration
There are three kinds of consideration that are
deemed invalid:If consideration in an agreement consists merely
of a promise to do what one is already legally obligated to do,
there is no valid consideration.Refraining from doing something
is called forbearance. When forbearance consists of refraining
from doing what one has no right to do, that is an invalid
consideration.An act performed prior to the promise does not
constitute valid consideration.
Consideration of Contracts
There are several exceptions to the requirement of
consideration for a contract: voluntary subscriptionsdebts of
recordpromissory estoppelmodification of sales contracts.
Undue Influence
Undue influence is the exercise of such influence
over the mind of another that the latter does not
exercise free will. It renders the contract voidable
by the injured party.
Remedies
Remedies for breach of contract because of

mistake, fraud, duress, or undue influence are:A lawsuit for
recovery of any money, goods, or other things of value, plus
damagesRefusal to perform if the contract is executory on the
part of the innocent partyA suit to have the contract judicially
declared void and to recover damagesA suit for reformation of a
written contract that does not express the parties' agreement.
Problem 1Graded problem
#11a.RateNperPMTPVTypeFV1b.RateNperPMTPVTypeFVC18
minus C9Additional money saved if the contributions continue
until age 661cThe first part is a repeat of
1a.RateNperPMTPVTypeFV1c
continuedRateNperPMTPVTypeFVC40 minus C31Additional
money saved if contributions stop at age 62, but the money
keeps growing until age 66.
Problem 2Problem 2RateNperPMTPVTypeFV
Problem 3Problem 3ExampleRateNperPMTFVTypePV
Problem 4Problem 4.Example problem from
#21RateRateNperNperPMTPMTFVFVTypeTypePVPVProblem 4
continuedExample
continuedRateRateNperNperPMTPMTFVFV`TypeTypePVPVNo
w add C9, C18, plus $135,000 minus $91,666Add H9, H18,
$25,000 and subtract $15,000Example answerThe text answer at
the back is $10 different due to rounding difference in their
table method.Settlement Value
Problem 5Problem 5.RateNperPVFVTypePMTYearly payment
owedHow much principal is reduced the first
year?RateNperPrincipalfirst year interestPMTPrincipal paidthe
first year
Problem 6Problem 6RateNperPVFVTypePMTExample from
textRateNperPVFVTypePMT
Week 04 Example Problems
Present Value and Future Value using Excel Functions
Please download the Week 04 Example Problems Excel

spreadsheetto solve the following:
Present Value
To calculate present value, we will use the built-in PV feature
in Excel.
Following are the values that we will use in the Example
problem on the Present Value sheet:
Rate (Interest rate)
6%
Nper (Number of periods)
5
PMT (Payment)
0
FV (Future value)
$100
Type
0
Click on the PV cell to see how the formula was entered. You
may notice that the solution came up as a negative number, this
is because cash flows out are recognized as negatives. This is
easy to correct if you would like, simply enter a negative before
the FV while entering the formula.
Compare this to this week's material that demonstrates this
concept using a financial calculator All you need to know to
"translate" those directions is that N, number of periods is Nper,
also meaning number of periods in Excel and i, interest rate, is
Rate, meaning interest rate, in Excel. The rest is precisely the
same. Keep PMT and Type zero for the PV and FV problems.
Try using this same formula to calculate the new balance for
Example 1A and 1B. There will be a note next to the cell that
will inform you if the answer is "correct" or "incorrect." Keep

working the problems until you have the correct answer.
Future Value
To calculate future value, we will use the built-in FV feature in
Excel.
Following are the values that we will use in the Example
problem on the Future Value sheet:
Rate (Interest rate)
5%
Nper (Number of periods)
20
PMT (Payment)
0
PV (Present value)
$-100
Type
0
We use the FV function in Excel to solve this problem. Click on
the FV cell to see how the formula was entered.
Interest
Click on the Interest tab to complete the following examples:
Simple Interest
In the Example 1 problem, there is $100 of principal, and an
annual interest rate of 5%. To calculate the ending balance, first

we calculate the interest (principal x rate x time), then add it to
the principal. We now have a new balance of $105. If you click
in the cells, you can see the formulas that were used.
Compound Interest
The text explains these problems using the future value tables.
In our practice activities, we will use the Power function in
Excel. Powers are quick ways to multiply repeatedly rather than
calculating the interest 20 times.
In Example 2, we will calculate the future value of $100 that is
invested for 20 years at 5%, compounded annually.
To calculate using this model:
1. We first figure 1 + interest rate (1.05)
2. Then calculate the Power at 20 periods (2.653298) (Use the
POWER function)
3. To figure the end result, we multiply the $100 (present value)
X the Power result (2.653298), to end up with $265.33.
As an alternate model, we could use the Future Value function
built into Excel. In Example 3, this method has been utilized.
1. Insert the function, FV, the rate is 5%
2. Nper is the 20 periods
3. PV is the $100
4. Leave the other areas blank for this example

You will see that the same answer appears as in Example 1. One
thing that you may notice is that the answer appears as a
negative because it is an outflow of cash. To change this,
simply enter a negative before the $100.
Annuities
Present Value of an Annuity
Click on the PV Annuity worksheet, in the Example you are
expecting to receive $100 payments at the end of each year for
three years and the rate is 6% on invested funds. We use the
same PV formula, but add more information. Click on the PV
cell to see how the formula was entered. The difference between
an ordinary annuity and an annuity due is when the payment is
made. If the payment is made at the beginning of the period, it
is an annuity due. If made at the end of the period, it is an
ordinary annuity. The only change in your Excel formula is that
you change the type to a "1" rather than a "0".
Future Value of an Annuity
Click on the FV Annuity worksheet, in the Example you trying
to calculate how much will be in your savings account if you
deposit $100 payments at the end of each year for three years
and the rate is 5% on savings. We use the same FV formula, but

add more information. Click on the FV cell to see how the
formula was entered.
Adapted from:
Mayo, H. (2007). Basic finance: An introduction to financial
institutions, investments & management. United States:
Thomson South-Western.
Present ValuePresent
ValueExampleRate6%Nper5PMT0FV$100Type0PV($74.73)Exa
mple
1ARate5%Nper5PMT0FV$150Type0PVIncorrect($117.53)Exam
ple 1BRate0.07Nper10PMT0FV250Type0PVIncorrect($127.09)
Future ValueFuture ValueExampleRate5.00%Nper20PMT0PV-
$100.00Type0FV$265.33Example 2ARate5%Nper10PMT0PV-
$100.00Type0FVIncorrect162.8894626777Example
2BRate7%Nper15PMT0PV-
$250.00Type0FVIncorrect689.7578851788
InterestSimple interest using product formula.Example
1Principal$100.00Rate5%Interest$5.00New
balance$105.00Sample
3APrincipal$1,000.00Rate6.00%InterestNew
balanceIncorrectSample
3BPrincipal$2,500.00Rate7.50%InterestNew
balanceIncorrectCompound interest using power formula and
FV FunctionExample 2Interest5.00%plus 111 plus
interest1.05Power20POWER
function2.6532977051PV$100.00(1 + i)nPower
Function2.6532977051FVResult$265.33Example 3Present
Value$100.00Rate5.00%Term20Future Value$265.33Example

4Ainterest4.00%plus 111 plus interestPower20POWER
functionPV$500.00(1 + i)nPower
FunctionFVresultIncorrectPresent
Value$500.00Rate4.00%Term20Future
ValueIncorrect1095.5615715167Example 4Binterest5.00%plus
111 plus interestPower20POWER functionPV$200.00(1 +
i)nPower FunctionFVresultIncorrectPresent
Value$200.00Rate5.00%Term20Future
ValueIncorrect530.6595410289
PV of AnnuityPresent Value of an
AnnuityExampleRate6%Nper3PMT($100)FV0type0PV$267.30E
xample
5ARate7%Nper5PMT($100)FV0type0PVIncorrect410.01974359
48Example
5BRate4.00%Nper10PMT($50.00)FV0type0PVIncorrect405.544
7889678
FV of AnnuityFuture Value of an
AnnuityExampleRate5%Nper3PMT($100)PV0type0FV of
annuity$315.25Example
6ARate6%Nper5PMT($100)PV0type0FV of an ordinary
annuityIncorrect$563.71Example
6BRate4%Nper10PMT($50)PV0type0FV of an ordinary
annuityIncorrect$600.31

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