In 1760, King George III took reign of England, making quite a few controversial decisions along the way. By acting more aggressively towards France, George III started to alienate the rest of Europe, and tensions started to mount between George and the Whigs, as well as other European countries. By contrast, the sociopolitical climate of the colonies at the time was incredibly harrowing - increased taxation and more and more controversial legislation on the part of England was breeding resentment among the colonists. The Sugar, Currency, Stamp and Quartering Acts of the mid-1760s, among others, were thought to be unfair ...
Taxes Term Papers Samples For Students
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December 12, 2010
Inflation in Macroeconomics
The most effective indicator of country’s economic health is its financial state. Financial system not only provides interconnections in economics, but also conducts macroeconomic regulation, and serves as a tool for governments to regulate economic development. For this reason, the activity of executive power in every country is directed towards stability of financial and credit system and overall financial state. In order to ensure the stability, inflation processes must be controlled. It is necessary because inflation results in harmful socio-economic outcomes: inflation leads to deformation of macroeconomic regulation instruments.
Inflation is a process of price level ...
- Can schools be managed and operated like business?
Management of schools should take a form similar to any other organization that is geared towards achieving certain results. Management, in a general sense, involves several functions that lead to the coordination of peoples’ efforts in a manner that would make them achieve some desired goals and objectives. These goals and objectives are set by the management of these organizations that undertake the coordination of the said efforts. For the coordination to take place, there must be the deployment of certain resources that must also be used in an effective and efficient ...
The United States is facing gradual economic growth with large downside risks. The causes of the economic downturn in the US are attributed to the 2007 financial crisis when the nation experienced a housing bubble burst. Another root of downturn of the economy in the US is the sovereign debt crisis. This is so because the countries such as Greece are asking for assistance to finance their debt, which is affecting the US economy and the world economy. The fear is that this would take the United States economy to a low GDP level. Since the US is the leading economy, ...
One of the most prevalent online activities worldwide is social networking. It is extremely big and grows each day. It has evolved to become a platform where consumers can interact, shop, share, engage and obtain news and information. Despite the fact that enormous efforts have been put behind creating social channels and building the social media, few have been capable of generating significant revenue. However, the payoff is increasing as various businesses engage their followers and convert customers. Most social media have been able to generate substantial amount of revenue through advertising and various applications where the members can purchase ...
Section A: Vertical and Horizontal Financial Statements
In this section, we will produce horizontal and vertical financial statements of the company which we will use later to frame a brief report relating to the financial performance of the company over a period of one year, i.e. from 2012 to 2013.
Horizontal Balance Sheet
Horizontal Income Statement
Vertical Balance Sheet
Vertical Income Statement
Section B: Cash Flow Statement
In this section, we will produce a tentative cash flow statement of the company from the given financial statements. Important to note, we will be directly using the numbers from the financial statements and no assumption shall be made related to ...
Nursing
Health Benefits of Low-Income Hispanic Women: A Disparity in Mammogram Use
Introduction
Breast cancer is among the deadliest and common forms of cancer that occurs among women. The manner of detecting the presence of such cancer is through a mammogram test, which is considered as fundamental medical screening procedure often included in healthcare coverage. Despite the legislative guidelines concerning the coverage of the said procedure in healthcare plans, disparities still emerge as a real problem that mostly Hispanic women are facing. The barriers to mammography screening include low income, lack of access to available facilities, cultural and language difference, ...
An accounting cycle is defined as a process of identifying, collecting and analyzing financial transactions. The process of accounting cycle ends with the analysis of financial statements which includes income statement, balance sheet and cash flow. The process of accounting cycle is repeated during each reporting period.
The entries are first posted to a journal and then posted to respective accounts. With the advent of accounting software, a lot of posting has been reduced and the double entries are managed by the software. The accuracy of the software reduces efforts of an accountant.
The various steps of an accounting cycle ...
A Comprehensive overview
[Author Name]
Financial Crisis
Introduction
It’s of imperative importance to understand the link between financial system and the economy. According to various economists, it is gauged that there are two primary function of finance. As mentioned in The Economist, it essentially performs as an economic time machine, serving savers to haulage their present surplus income into the future, and on the other hand offering borrowers access to future earnings now. Finance also serves as a safety net, protecting against catastrophic unforeseen events. Hence, by performing these two acts, an efficiently running financial system ensures against the bumps in life, providing ...
Legal and Ethical Issue
Retirement income in the United States (US) fundamentally comes from Social Security. More than a third of the elderly beneficiaries of Social Security rely almost entirely on it for their income (more than 90%), making up the total of two-thirds of them whose reliance on it accounts for more than half their income (Brossoie, 2010; NASI, 2014; Poterba, 2014). Having kept around 22 million Americans out of poverty, Social Security remains an integral program favorably viewed by many (Poterba, 2014). In fact, findings from a study gauging public opinion from different generations conducted by the National Academy of Social Insurance (NASI) ...
About the company
Headquartered in New Jersey, Johnson and Johnson is an American multinational that is engaged in the production and marketing of pharmaceutical and consumer healthcare products. The company operates under three segments, namely, Consumer, Pharmaceutical, and Medical Devices & Diagnostics that contributed 20.6%, 39.4% and 40.0% respectively to the company’s revenue during 2013.
Analyst Estimates
The major consensus among the leading market analysts is a ‘hold’ rating for the company’s stock amid its strong financial performance during fiscal year 2013. The company exited the year with revenue growth of 6.08% in comparison to the previous year and EPS multiple of $4.92. In addition, ...
Canada Election and Political Party Finances
The much publicized scandal involving Sir John Macdonald the prime minister and the promoters of the Pacific Railway led to the enactment of dominion Election Act (DEA) of 1874. The two parties allegedly gave campaign contribution to Federal Conservative Party so that they may gain favors from the government. The passage and subsequent implementation of DEA shaped Canadian politics as it contains both the requirement one has to fulfill to be appointed a political official and reporting of campaign expense clause (Johnston 214). This was a step to what Canadian politics is today. This Act became subject of amendment whenever a crisis ...
About the company
Founded in the year 1996, Capital Senior Living Corporation along with its subsidiaries, manages and operates senior living communities in the United States. Headquartered in Dallas, Texas, the company is the largest operator of senior living communities in terms of resident capacity which by December, 2013 counted to 14600 residents in 112 senior living communities in 26 states of the United States. The company provides health and living care services only to the elderly, while the range of services includes:
- Independent Living Services
- Assisted Living Services
- Home Care Services
Mission, overview and strategy
The primary mission of ...
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Printed in the United States of America.
ISBN ...
Balance Sheet:a)What components of stockholders' equity do each of the companies disclose?
Referring to the balance sheet of both the companies, below is the information relating to stockholder equity:
Meiji Holdings:
The company during 2013, has total stockholder equity of $3242.84 Million with the components of stockholder equity as follows:
- Common Stock(Authorized and Issued)
- Capital Surplus
- Retained Earnings
- Treasury Stock(at cost)
General Mills Inc:
Noted from the balance sheet of the company for the year 2013, the total stockholder equity of the company was reported to be $3242.84 Million with the component of stockholder equity as follows:
- Common Stock(par ...
Accounting Standard followed by the company
i) General Mills Inc:
Referring to Note 1 of the financial statement, we notice that General Mills Inc follows Generally Accepted Accounting Principle(GAAP).
ii) Meiji Holdings:
Referring to the Note 1 of the consolidated financial statements, we find that Meiji Holdings are following Generally Accepted Accounting Principle(GAAP) in Japan. In addition, the company specifically declares that the consolidated financial statements of the company are not prepared in accordance with GAAP standards prevalent in countries or jurisdictions other than Japan.
Accounting Standard followed by the auditors
i)General Mills Inc:
Referring to the report of external auditors, we find that the consolidated financial statements of the company have been audited by KPMG LLP using standards of Public Company Accounting Oversight Board(United States). The ...
Cheniere Energy Inc. based in Houston is choosen as the company for the required analysis. It is into the business of LNG. The financial statements of 2013 have been taken and studied for the flexible budget.
Flexible Budget showing three different growth rates
The growth rate of sales for the past three years is 2.73% . As seen from the financial statements of Cheniere the revenues and expenses are not growing at the same rate. In the past three years, there is a fall in revenue in 2012 which has slightly increased in 2013. There was also a fall in the revenue in 2011 as compared to its previous ...
This paper provides a thorough discussion on how Starbucks works its way from good to great. Starbucks’ mission is “to inspire and nurture the human spirit – one person, one cup, and one neighborhood at a time” (Starbucks 1). Starbucks offers over 30 blends and single‐origin premium coffees to their customers (Starbucks 2). As of July 1, 2012, the company has 17,651 stores across the globe. Starbucks Company is an international coffee brand built on a reputation for having high quality products and unique friendly services. The company has strong comparable store sales growth of 7% in the United States and 6% ...
WIC (Women, Infants and Children) program refers to the policy passed to safeguard the health of low-income women, infants, and children up to the age of 5 who are at a nutrition risk by providing nutritious foods to supplement their diets, information on healthy eating and referrals to health care (Oliveira et al. 2 ).
The policy’s focus is on providing nutritional assistance to pregnant and breastfeeding women who must eat nutritional foods during the critical times of a child’s growth and development, as well as providing infants with supplemental nutritional foods to prevent future developmental or medical problems ...
Personal budgeting
Overspending occurs when one uses savings and build up debts. Planning personal budget helps to solve such cases and controlling use of funds. It requires personal discipline as the amount saved and what they are intended to purchase to be fulfilled. Budgeting helps to answer the question of whether one can afford what is spending or intending to do. It helps in decision making in regard of time in comparison with income, saving and cost of the product. One gets to understand spending and prioritizing making stick to the goal or the objective of saving.
There is a technique ...
.University..
.professor..
Executive Summary
Stock Recommendation: BUY
Novartis, one of leading pharmaceuticals companies of world, is considering a proposed asset exchange with another pharmaceutical company- Merck and Co., according to a news report on Bloomberg. We have chosen to analyze the impact of the deal on Novartis. And we have concluded that if this deal falls through, it will create positive synergies for the company Novartis. We have determined the net effect of this deal on the revenue and profits of the Novartis and incorporated the synergies in our valuation to determine the intrinsic value of the company. Based on the ...
Introduction
There are two kinds of tools available to the economic policy-makers through which they tend to influence the economy of the country; these two tools are fiscal and monetary. The former policy related to the spending of the government and the collection of revenue like altering the disposable income of the people by lowering taxes or increasing the spending so that demand is stimulated. The latter which is the monetary policy is associated with the supply of money and is influenced by such factors like the rate of interest and the reserve requirements for the banks. Usually these policies ...
Introduction
For a business to implement its policies successfully, it ought to base them on very risk grounds. The saying goes that the high the risk the high returns. The potential of a retail business idea depends entirely on the size of the market on which the products are availed. Also, as a determinant to the success of the business idea is that, the competitors should know very little concerning your business idea. Information about a business to a competitor is an issue of concern. It should be highly kept in secret or far from their access. All the business aim at achieving success in ...
We live in a world today where a lot of emphasis is placed on the community we live in. this is basically in a bid to foster pride in us and also because we are communal beings. Of recent a lot has been done to build up communities to the level that the next generation will have memories of living, playing and growing up in their communities. These memories are not just meant to leave a warm and fuzzy feeling in us but they act as some kind of anchor as the world keeps on becoming a smaller and smaller global village. One of the ...
[Your Full Name]
Profitability of the company
The profitability of the company is determined by the benchmarking of different returns on the total sales of the company. Some of the basically used methods here are gross profit margin, net profit margin, revenue per employee, and other margin ratios in company’s income statement and balance sheet. The revenue of company is in increasing trend. Approximate revenue of $29 million reached mark of $37 million in 2011, and reached the level of $50 million by 2012. There is significant growth in the revenue model of company as it has ...
Inequality can simply be defined as the differences in size, circumstances and degree between related phenomena. However, social inequality can refer to a situation where individuals in the society lack equality in social status. According to sociologists, the society is a stratification system based on hierarchy of honor, prestige, privilege. These factors lead to inequality within the society. According to these sociologists, inequality defines the people on the society who gets what, why they get them and how they get them. Inequality places disparities in gender, race, class, income level, and education level. Inequality is characterized by unequal rewards and opportunities ...
Introduction and Causes of the Budget Deficit
The United States Budget Deficit has been in the news recently. This is because of the huge gap between revenues and expenditure that has resulted in a budget deficit of more than a Trillion Dollars each year. The situation was not so bad during the last decade when under President Clinton; the US actually ran a budget surplus. However, once President Bush took over, the budget surplus turned into a deficit mainly because the US was paying for the Iraq war that was very expensive and extended the tax cuts for the rich, which meant that the government went without the tax revenues. ...
Civic engagement in the public information tax bill 1041 in Colorado
Abstract
This paper considers civic engagement issues in the public information tax bill 1041 proposed by senator Kefalas and his colleagues in Colorado. Civic engagement ensures public engagement through open ongoing dialogues which ensures transparency and mutual trustworthy relationships. It requires community engagement in discussions of relevant issues and policy proposals so as to ensure the public opinions, ideas and decisions need be factored into account before taking actions. Civic engagement in the formulation of tax bills ensures a strong sense of responsibility which avoids opposition from the public and empowers citizens and state as agents of positive change. If ...
Involuntary Liens fall under the law of Estates and Property. In the United States jurisdiction, Involuntary Liens fall under state law and the nature and character of the liens depends of the state. However, involuntary liens directly contrast the voluntary liens. Involuntary Liens refer to the charge that is imposed on the property of an owner without his express consent. In other words, Involuntary Liens accrue as a consequence of the law. The liens have the effect of imposing encumbrances and charges on the property in question to the detriment of the owner. The involuntary lien is special in the ...
Briefly explain accrual basis of account. Also what is the reason why accrual basis of accounting is not desirable for most organizations?
An accounting system that recognizes the revenues as they are earned and records the expenses as they are incurred, is known as the accrual accounting system. Totals of expenses and revenues are included in the financial statements, whether or not the cash against these transactions is paid or received in that period. The date of receipt or payment of cash does not have any effect on the books except to record the payment or receipt of ...
The Overview
Unlike most countries, the US doesn’t have a uniformed health care system; neither does it have a universal health care coverage, and has only recently passed a legislation that mandates this. Because of this, the system is viable to a great number of possible loss and shady profit as well. It is widely known that back in 2009, the US lost seventy five billion dollars ($75,000,000,000) on fraud alone, fifty five million dollars ($55,000,000) in missed opportunities of prevention and one hundred and ninety billion dollars ($190,000,000,000) in paperwork and administrative cost that nobody ...
Abstract
The American Revolutionary War began in 1775 and ended in 1783. Originally, the war was fought by the British on one side and the Americans on the other side, but developed into a war between the Great Britain on one side and United States, France, Spain and Netherlands on the other side. In 1783, the United States of America and the British government signed a treaty to cease fighting, and this marked the official separation of United States from the British rule; the treaty officially recognized the existence of United States as a sovereign state. From the onset, this paper examines the ...
Memorandum
ID:
Section Leader: [Section Leader Name]
Re: Obama’s Small Business Tax Increase
Dear Mr. President:
Objective
I am writing to inform you on the up-to-date state of the increase in tax that is to be put on small businesses in the country and give an explanation on the adoption of certain economic policies that impact on the same issue which conflict other policies that can be alternatives and also submit my opinion to those who make the policies on how they could have bettered the adopting the specific policies at hand.
Summary of the issue
As you know small businesses are a source of dynamic ...
Abstract
Ever since deregulation in the airline industry, airlines have had the freedom, to select their choice of routes and have been given the freedom to determine fares. The paper gives a discussion of three basic route architecture networks that are in adoption, in the airline industry. These route networks include hub and spoke, point to point and multi-hub networks. Hub and spoke network is the most widely used route network architecture owing to its high cost and revenue advantages.
Keywords, Route, network, hub and spoke, point to point network
Introduction
Aviation management forms a significant and one of the most crucial parts in the aviation industry. Over the years, the ...
We all know that revolutionary politics emerged between 1764 and 1774 because of the American Revolution, and “every state [in America] adopted a new constitution in the aftermath of independence” (Foner 216). However, what is compelling about T.H. Breen's thesis in The Marketplace of Revolution: How Consumer Politics Shaped American Independence is the way connects the revolutionary politics to the unparalleled widespread of the consumer marketplace during the late colonial America. He apparently does this to explain how intense differences, disbelief, and distances between ordinary American colonists were overcome.
In Out of Our Past: The Forces That Shaped Modern ...
In order to address the issue of increasing energy cost as a percent of revenues firstly it is important to understand what the main drivers of the change are. Variance analysis could help to evaluate the contribution of different components to the raise in energy cost to revenues ratio (Lipczynski, Wilson & Goddard, 2005). This step will help to identify areas to address or may point out the root cause of the problem that is responsible for the whole deviation. The first area to explore is the profitability of the business itself. If the problem lies in low sales, customer dissatisfaction, ...
In business, property refers to an asset that is used to generate business income. Property like, most assets, is associated with several costs so that it may remain relevant to the business in the long term. For example, an entrepreneur with buildings or rental houses will incur maintenance costs on these houses as is required by law in any landlord-tenant relationship. This may involve repair of windows, painting of walls and provision of basic amenities. These are costs or expenses to that person’s business.
It may appear that these costs increase the value of the asset and ...
McBride Website
Linking the Company’s Website with other Partners
- Blog Commenting and Links
The company will run a blog on various financial topics; these topics will be selected based on the relevant terms with the highest ranking on search engines. The blog writers will be directed to include links to blogs by other companies that partner with McBride LLC in their articles.
McBride will allow blog comments by readers to be linked to other companies. This will consequently help the company increase its rating on search engines as the algorithm used by these engines can detect such ...
The budget deficits are situations where the government expenditure exceeds the available collected revenues in a fiscal year. Deficits have existed in the United States state budget, a situation that has forced the government to borrow. Economic slowdowns are the leading causes of a deficit because of the poor performance of taxpaying organization (Tucker 303). The United State budget deficit increased in the years 1960 to 1990. The deficits reduced between the years 1990 to 2006, and started rising again during the Bush administration. The 2012 financial year shows the government has a shortage of $1089 billion compared to $161 billion in the ...
Third Round of Quantitative Easing (QE3)
QE3 or the third round of quantitative easing is a central bank (i.e., Federal Reserve) open-ended bond-buying policy directed towards lowering the interest rates and mortgage rates to stimulate demand in the economy. The QE3 in the US that started on September of this year involves buying of mortgage-backed securities (MBS) worth $40 billion every month. This is done by injecting a pre-determined quantity of newly created money in the economy through the purchase of debts (bonds) from banks.
The graph shows what’s happening in the bonds market with the QE3 policy of the Central Bank. As the government ...
Law
A credit card agreement is a legal contract between a bank or financial institution that issues the credit card and the consumer who uses the credit card. On the one hand the banks want “freedom of contract,” while on the other hand the consumer wants transparency from the banks and the right to negotiate terms. (Talking, 2009, thecitizens.blogspot.gr) From the banks point of view consumers have the option to accept or to not accept the terms of the agreement. This is true because consumers can theoretically choose to never use credit cards. But from the consumers’ point of view there is ...
Balance sheet
Balance sheet can be defined as a financial statement which shows the financial position of a business as at a particular time. It has two parts one of them shows all the assets that the company owns and the other side shows the liabilities as well as the shareholder’s equity. (Barry J. & Epstein, E 78).A balance sheet is always prepared as per a certain date. For instance, a balance sheet dated 31st December 2000, shows the financial position of the business for the year 2000.In simple terms, a balance sheet may be defined as a financial statement which shows the sources of funds (liabilities) ...
Introduction
As most of us are aware, the Declaration of Independence was the document written largely by Thomas Jefferson and formally announced by him on July 4 1776. It declared the intention of the colonists of North America to separate from England and English rule and to form a new government. Whilst it formed the basis of the beginnings of what was to become the United States of America, many question the sincerity of some of its content and in particular the part in its preamble that declared all men to be equal. Hagerman (4 July 2011) examined that issue. How ...
The main problem here is all about achieving equal resources in all the ten provinces of Canada. Everyone should have equal access to public services and they should pay for them at a reasonable price depending on the income level of the people. In simple term, people living in Newfoundland and Labrador or British Columbia, Montréal or Medicine Hat should also have the chance to enjoy good services such as education, better health services, social services as well as fair justice system. On the other hand, people living on the rich provinces such as Ontario should not be made ...
Introduction
Revenue recognition is an accounting principle which stipulates the exact time on which revenues from an activity can be recognized in the financial statements of a company. According to this principle, the appropriate time for revenue recognition is when the service has been rendered, as opposed to when the revenue is collected from the client. Explained in practical terms, Trackon ltd, company that sells consumer goods and commits to a transaction in the last month of an accounting year, whereas the revenues are collected in the next accounting period, in the books of account Trackon ltd will record the income in ...
Elections are a vital element of society. Election is the only tools through which the electorate, despite their class, can be able institute the changes that they deem necessary in society. However, many leaders of the world have evaded elections or breached electoral laws so as to remain in government. Incidences of election rigging have been evident across many parts of the world. Despite the United States being a stable democracy, the electoral system is still subject to election malpractices if it remains unchecked. Of key interest is the idea that failure of presiding officers to ascertain the identity of the ...
Financial Outcomes Paper: Walgreens
Walgreens Financial Initiatives
Walgreens is a United States based company and the largest drug retail store in the country. The company currently has 8, 300 retail stores in all 50 states as of 2012. The company was founded in 1901 in Chicago, Illinois and currently headquartered in Deerfield (Walgreens.com, Web). As of 2012, Walgreens posted a total revenue of US$71. 633 billion derived from its two operating divisions, the Walgreens Health Services and Walgreens Health and Wellness. The current President and CEO Gregory Wasson were happy to announce the company's revenues composed of US$ 3.464 billion total of operating income ...
Background
According to Gheen (1), illegal immigration originated from legal migrations that took place between the late 1800s and the early 1900s. In 1928, Edward H. Dowell who was the vice president of the California Federation of Labor announced that 67000 Mexicans had legally immigrated to America the previous year but an even larger number had illegally immigrated to America. Gheen (1) further argues that massive illegal immigration started in the early 1940s due to labor shortage on America. The federal government arranged for the temporary importation of Mexican labor to contribute to agriculture, under the Bracero Program. Even after ...
PepsiCo Summary
PepsiCo is the biggest food and beverage business in North America and the biggest in the world. Some of its brands in America include Quaker Oats, Pepsi-Cola, Gatorade and Tropicana. In addition, it has Aquifana, Naked, 7UP and Cheetos outside America. Brands that exist in Europe include Mirinda whereas, in Latin America, the popular brand is the Gamesa. PepsiCo has employed over 290,000 employees worldwide in its 700 facilities. These facilities include research and development facilities, manufacturing sites as well as the distribution centers and offices. PepsiCo’s success is attributed to its high standards of performance, distinctive ...
According to the Department of Energy, the consumption in the United States of oil products per day is twenty million barrels (Bonsor & Grabianowski, 2012). Out of this amount, close to fifty percent is utilized for motor gasoline. The remaining amount is utilized for jet fuel, distillate fuel oil, and residual fuel among other fuels. One barrel of oil has forty two gallons that yields about twenty gallons of gasoline. Therefore, in the U.S, the daily consumption of gasoline is about one hundred and seventy eight million gallons of gasoline (Bonsor & Grabianowski, 2012). The gas prices affect almost ...
Introduction
Google is a large Multinational Corporation based in the United States. Since, it’s rather humble and tumultuous beginning in 2004; Google has become a pioneer internet giant in its field. It provides top-notch search engine facilities, cloud facilities, advertising facilities as well as other software based services to their clients. Rapid growth which was fuelled after its incorporation has allowed the company to expand its product offerings rapidly as well. Now the company also provides other online applications meant to facilitate and meet the demand of superior software products, in the form of social networking, office suite products, as well ...
Middle class in the United States
Understanding how increasing taxes for the rich can harm the middle class in the United States
In the United States, taxes are imposed on three different levels – federal, state and local (Pratt & Kulsrud, 2010). These included taxes on property, income, sales, payroll, gifts, imports and various other things. Corporations and individuals pay taxes based on their net income to some local governments, states and the federal. There are different types of tax payers; they all differ depending on their property, work, lifestyle, organizations and other things. Increasing taxes for the wealthy will only harm the middle class within the ...
Jobs and Growth Relief Reconciliation Act of 2003
The main aim of this paper is to convince the New York state senator to propose changes and reinstate the Jobs and Growth Relief Reconciliation Act of 2003. This was a law that was introduced and sponsored to the congress by Thomas William M. on the 27th of February 2003. The bill-Tax cut bill- was then put under consideration by the House Ways and Means committee and later passed from the lower house on the 9th of May 2003. It was later on approved and passed by the United States of America Senate on 15th May 2003. The joint conference ...
Introduction
China as a republic is a communist state having gained power in 1949. China, which is the most populated country across the world have had very strong systems of governments both as the central government level and at the local government level. This can be traced back from the leadership of the very first leader of the communist state, Tse Tung Mao who in his own capacity publicized the role of local governments i.e. he recognized the role that the local governments played in collecting taxes and at the same time using to invest to the public. However, when he died, China, ...
Pro forma Income Statement.
All projects are profitable since the profit after tax is positive. On the basis of the Pro forma Income Statement, I would recommend Blue Company to acquire Green Company since it offers a higher total Profit after Tax of $347,763.11 for the five years compared to $337,996.78 of Yellow Company.
Projected Cash flow Statement.
Both investments in Green Company and Yellow Company are profitable since they both have positive Net cash flows. On the basis of the projected cash flow Statements, I would recommend Blue Company to acquire Green Company since it offers a higher net cash flow of $147763.11 for the five ...
Introduction
An economy of a country goes through different cycles. There will be periods where there will be a boom and at other times there can be a recession. In the Western world the period 2007 to 2009 was a tough period as the economy went through a recession. Many people lost their jobs while others lost their homes. It is estimated that a total of 8.4 Million jobs were lost during the recession period. Mortgage products were the worst hit. Governments came up with measures to stimulate the economy. The American government spent a lot of money bailing out banks and mortgage companies.
There are two ...
A buy/sell agreement is good because it ensures that the business interests are transferred in an orderly and acceptable manner. The agreements reduce the misunderstandings between the potential and existing shareholders. It eliminates any conflict between the shareholders and any heirs in the business. Furthermore the company prevents unwanted persons from becoming shareholders. With the agreements, the company is able to monitor and control the people who can become shareholders (Mercer, 20100. The agreement should be in writing. Oral agreements are not enforceable in a court of law in some countries or states. The agreement serves to protect the shareholders. ...
Abstract
Accounting scandals are business scandals that arise following the uncloaking of financial misdeeds by some trusted personnel in corporations. Some of the misdeeds usually involves some complex methods for embezzling, understating, misdirecting money, overstating the value of assets or in other words, underreporting the available liabilities. This is mostly accomplished in collaboration with workers or affiliate in corporations. In companies with public status, this kind of innovative accounting qualifies to fraud whereby investigations and inquiries are commenced by agencies of the government in place. In United States for instance, some of the government oversight agencies that are eligible to ...
Economic growth is a crucial factor in every country; hence, many resources are channelled towards the improvement of the economy. With economic growth, the citizenry of a given nation stand to benefit as their lives are improved in all spheres, since they are able to secure jobs more easily, save for the future and live a decent life[ CITATION Aut01 \l 1033 ].
The paper is focused on the economic growth of Canada with specific reference to the staple theory of economic growth. The theory is of the idea that, economic growth is dependent on the primary means of production that is ...
Introduction
The primary objective of this term paper is to examine the intended and unintended consequences of the Split Roll taxes in California. Also, the term paper will address how commercial and residential property owners will bear the costs of Split Roll taxation system. Finally, I will offer alternatives to the Spilt Roll taxes and why I think they are ideal choices.
I don’t support the Split Roll taxation since it would treat commercial property unfairly. Leaving out residential property in the current taxation system is not ideal since all individuals should be subject to a standard tax system. ...