Essays on Payable

As a single taxpayer having a gross total income of $45,000, I fall into the 25% tax bracket. A total of $7,022 is hence, required to be payable as income tax for the year 2016 at a rate of 15.6%. The next lowest tax bracket is the 15% bracket that includes income from $9,276 to $37,650. My gross total income is hence, $7,350 away from the 15% tax bracket. A standard deduction of $6,300 is available for single filers that can reduce my gross total income to $38,700. Alternatively, itemized deductions are ...

Managed care models are strategies put in place to safeguard the functions and activities of the managed care facilities within a country. The managed care models usually have a continuum to guide their activities and operations. The continuum, therefore, is critical to understanding the differences between managed care plans. In particular, the continuum is responsible for the scope of control a managed plan has over the activities of health facility (Martino, Elliott, Haviland, Saliba, Burkhart, & Kanouse, 2016). As a result, it helps in clarifying the main reason behind the differences in the control of the managed care models. In ...

Question 1: Why Cartwright Lumber Company needs cash

Despite the profitability of Cartwright Lumber Company, it still faces cash flow challenges. The financial statements indicate that the company has a low balance in its cash account. Profitability does not necessarily mean the firm has a stable cash flow. The income statements indicate that Cartwright Lumber has been profitable in each of the years from 2001. The net income has increased from $31,000 in 2001 to $44,000 in 2003. However, its cash balance has declined in each of the years. Large sales and profitability do not automatically translate into cash flows. The company has large balances ...

The accounting and financial issues related to foreign direct investment are the conversion of foreign GAAP to domestic GAAP, translation of statements kept in foreign currency to domestic currency so as to prepare a consolidated financial statement and make required supplementary disclosures of the subsidiary operations. There are two issues of taxes that relate to foreign direct investment. First, the company is taxed in the foreign country where the subsidiary is located. Second, the domestic tax department will also tax foreign income. The company should calculate, pay, and subtract the amount of tax paid by a foreign subsidiary. This ...

Define and discuss time and space utility

Products must be transported from the place where they are produced to the place where customers demand it to be delivered. The value-add that the product gains due to its transport is called space utility. The time utility is the length of time before or between the product deliveries, which consists of mostly storage and inventory time. When the organizations are able to deliver the goods at a time they are needed, then their time utility increases.

What is the Total Cost Analysis and how does is affect logistics?

Total cost analysis provides the methodology for integration of logistics, manufacturing, and procuring costs across the network. This is done to achieve ...

Organizational Chart

There are three types of decision making which are taking place at the different level of organization. At strategic level of decision, an overall picture of accounting information is needed which basically involves financial report such as balance sheets and income statement (Dichev, 2008). At functional level organization-level decisions that carry day to day, operations are taken. At functional level accounting data input and maintenance take place.

Q2. Users and Purpose of Accounting

Solution: Accounting refers to the recording of the transaction which includes the detailed examining of all the budgeting proceedings (Riahi-Belkaoui, 2004). The basic function of accounting is to provide all the information ...

Introduction

Multinational corporations across the world usually consolidate and present their operational results in financial and non-financial terms at the end of every term, usually a year. The financial aspect of reporting is supposed to comply with a clearly prescribed set of regulatory standards. The adoption of the International Financial Reporting Standards and GAAPs was meant to ensure that all compliant firms across the world produce financial statements that conform to the industry specific reporting frameworks and thus achieve a degree of uniformity in reporting. Different firms in operating in multiple locations operate under the strict guidelines of the specific ...

BTMN632-9040

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Sources of capital

The sources of funds for the company are divided into two categories means that the company is going to collect funds from two sources. These two sources of funds include debt and equity. The company is going to receive total long term debt of $13,000,000 from the financial institutions. This long term debt and capital from equity will be the major sources of the capital to the company. For now, the equity is held by the owners or the founders of the company that are also going to play the major roles within the organization as ...

Introduction & Case Background

Hershey is one of the oldest chocolate company in the United States with presence around the world for more than a century. The iconic Hershey’s bar is one of the most loved chocolates in America. Hershey is headquartered in Pennsylvania and was founded in 1882. Hershey’s owns more than 80 brands and it has now become the largest confectionery and chocolate producer in America with numerous famous brands like Kisses, Reese’s Rolo & Krackle Bar, Hershey’s Chocolate Bar, You Peppermint Patties, Mr. Goodbar, Payday, Almond Joy, Milk Duds and many others. Major products include chocolates, food, ...

Adjusting of entries takes place at the end of accounting period. Adjusting entries is necessary because the dates on which actual transactions occur and thereby the dates of normal entries not always coincide with the date respective to the principles of accrual accounting and revenue recognition. There are two categories of adjusting entries. One of the categories is deferred revenues and expenses. Such adjustments are needed in case there has been a cash flow in the past, but respective revenues or expenses must be recorded now. The second category is called accrued revenues and expenses. In this case there ...

EXECUTIVE SUMMARY

This is a case study involving a situation where a textile manufacturer and exporter has received an order that was placed by one of their good customers in the early days of the off-season period. This offer presents equally awarding benefits but also poses a real threat in the event something goes wrong in the production process. Benefits vary from increased profits to customer satisfaction. The main danger in this offer package is late delivery which would lead to the client deducting the amount payable to the company or the manufacturer being stuck with goods that are immovable at ...

Sources of capital

The sources of funds for the company are divided into two categories means that the company is going to collect funds from two sources. These two sources of funds include debt and equity. The company is going to receive total long term debt of $13,000 from the financial institutions. Apart from debt, the company is going to receive capital from the equity holders as the company is going to issue 100 preferred stocks and 100 common stocks at the beginning of the business. This long term debt and capital from equity will be the major sources of the ...

Abstract

A patient survey at a community hospital in which I serve as the chief financial officer indicated the need for a commercial 24-hour pharmacy within the hospital. The pharmacy would ensure that patients and families fill prescriptions and begin taking prescribed medicines as and when ordered instead of waiting for the following day. In response to the findings of the survey, this paper seeks to look into the viability of the business. Herein provided is the proposal for the first three months of operations. The paper also looks into the financial implications of the proposed project by looking into ...

Preventing Embezzlement: If You Make It Easy For People to Steal From You, They Will

Summary The aim of this assignment is to review the article “Preventing embezzlement: if you make it easy for people to steal from you, they will” written by Frank. W. Abagnale. The KPMG conducted a survey of 1000 top international firms in the United States and asked them to give ranking to the issues that hurt their organization most. The survey revealed embezzlement as number one crime that hurt organizations most.

Background

The overall paper discusses the prevention measures from fraud and advises organization the ways that can be used to detect fraud. The focus of the paper is on ...

Abstract

This paper explores various published articles that address employee insurance programs available for employees in an organization, particularly in the United States. The article discusses different aspects life insurance and disability so that when they are evaluated collectively, they create a rational analysis of the subject of the research. Hasman et al. (2004) explain the current employee insurance situation in the country. Martoccio (2010) and Fronstin (2007) provide a detailed discussion of employee benefits. The discussion available in these two sources tends to create several categories of both life insurance and disability insurance, describing how offering such plans may ...

(Tutor’s Name) (Assignment)

While analyzing the financial performance of Apple in 2015 in comparison to 2014 fiscal period, it seems that the company has improved its overall financial position. According to the Annual Report 2015, in 2015 fiscal year, the organization achieved revenue of US$233.715 billion and operating income of US$71.230 billion. The company also attained a net income of US$53.394 million in the same financial period (Apple Annual Report 2015). In 2015, Apple’s current ratio is more than 1 (1.11) and it indicates that the organization’s current assets are adequate to pay ...

Literature Review: Principle of Equivalence

List of References: 12 Literature Review Principle of Equivalence Background Usually, whenever a property is purchased or acquired from a willing or non-willing seller, it is expected that a fair compensation is given to those whose interests are deprived. However, it may be difficult to determine what a fair compensation constitutes. In some cases claimants may receive more or less compensation compared to the value of their property. In other instances, the monetary sum provided may be a huge sum, but it may not cover non-quantifiable losses such as psychological and social implications. As experience has shown, there are ...

Evaluation of Corporate Performance: Apple Inc.

Apple, Inc. is a U.S. based company that has its registered office in Cupertino, California. The company has a long history of innovative progression and it will not be wrong to state that the company has changed the ways of telecommunication. It has opened up new arenas of technology development and competition between electronic companies has become fierce in the last 15 years or so due to the company’s ability to develop new and unique products. The company sells computers, laptops, hard drives, tablets, music accessories, phones, etc. The company has its own operating system that runs on ...

Introduction

This paper seeks to conduct an analysis for the financial performance of Lexus in relation to other industry competitors; Jaguar, Mercedes, Porshe and BMW. In order to arrive at objective results, the analysis will compare various financial and performance metrics for the businesses. It is a purely objective analysis that will be based on the figures obtained from the annual reports of the companies.

Return on capital employed (ROCE)

Return on capital employed is a metric for a company’s profitability and the effectiveness of its capital employment. ROCE = Profits before interest and tax/Capital employed. A significantly huge amount of ROCE is a clear ...

[Financial management] [Topic] The common accounting equation (also called as based accounting equation or just an accounting equation) is represented by the following formula:

Assets are firm’s resources which it can freely owe and use them. Usually such items are included in this category: cash, account receivable, investments, buildings etc. Liabilities are defined as firm’s obligations measured in the certain amount of money. For instance, accounts and loans payable, wages/salaries payable, income taxes payable, interest payable, etc. Owner's equity is determined by the amount of investing capital into the firm by the owners plus accumulated net income ...

Impacts of Pollution on Wildlife

Introduction Impacts of pollution on wildlife has been a controversy and a contradicting issue since it has been experienced in the world and specifically in the united States of America for a long period of time. There are environmental laws which are hard on some manufacturing and production industry in North America and this makes them to be held responsible of various wildlife cases. The environmental laws in the United States of America have enacted endangered species Act in which it is a general rule which has held several companies responsible of the reduction of Wolverines in Montana glacial ...

There is a considerable and sizeable population of small business in the US economy. Statistically speaking there are over 28 million small business that occurs with small business specifically indicating businesses with fewer than 500 employees. Over 22, million individuals are self-employed without any additional payrolls or having employed other persons. Of the working population, a considerable percentage of over 50% that translates to 120 million individuals work in the small business (US statistics and data, 2016). Small business on average have modest turnovers that attract income taxes on the cash generated. Business entities are relevant in the generation ...

Question 1

Within an organisation, accounting plays an active role to ensure that all business transactions of monetary value are classified, recorded, measured, summarised and reported in an accurate manner by adhering strictly to basic reporting rules such as International Financial Reporting Standards (IFRS) or US GAAP. Accounting rules make sure that financial statements are prepared and reported accurately by complying strictly with all reporting principles. Additionally, accounting steps confirm that all financial information is included in reporting mechanism while financial statements contain no error or any material misstatement having huge financial consequences. When the industry follows one accounting mechanism, it ...

Government budget provides the projections of revenues to be received and expenses to be incurred by the government in a given financial year. The main sources of government revenue are levies, taxes, returns of government projects and fines. In many cases, the government budget is at a deficit because the amount of expenditure to be incurred is more that revenue projected revenue. Thus, the government has an option of financing the deficit through borrowing or applying austerity measures to cut down its projected spending. The government can also apply austerity measures when debt level reaches unmanageable high level. Everyone ...

1.0 International Trade and Legal Issues International trade can be described as a combination of activities conducted by either individual, corporate entities, or the government in pursuit to exchange goods and services with other countries internationally or across territories. However, for this trade to be conducted smoothly, states put in place regulatory rules and legal directives that help to control such engagements. These regulations are determined by the type of commodity to control and the nature of procedures followed in the entire business process. Importantly, these rules help the government to either prevent the entry of illegal and counterfeit ...

**Business 4465**

Be sure to put your name and student number at the top of the email attachment. Your document must be less than 10 typed pages. Please read the questions carefully. Write all you answers in a word document, label all questions carefully. The best answers are those that answer the questions well and concisely using material within the scope of the course and not irrelevant material from other sources or from the internet. Answers that are beyond the scope of the course will receive no marks. Answers that are not written in the own words of a ...

Partnerships

Our small business needs to consider the requirements of starting a partnership group by taking into consideration our goals and objectives in the business and where to obtain the financial requirements and planning. All members need to sign a Legal Partnership Agreement Act of 1895 in accordance with law and follow the policies in it as liability is unlimited for each partner. WE will also discuss on the amount of tax contributions that every partner should contribute (SBDC, 2015 p. 1). In as much as there exists two types of partnership namely general and limited partnership for our enterprise ...

Q1. Accounting standards play a significant role in the financial statements preparation process. The main international standard-setting organization is the International Accounting Standards Board (IASB) headquartered in London. It issues International Financial Reporting Standards (IFRS) which are used in more than 115 countries and is gaining acceptance in other states as well. These standards are also used on most foreign exchanges. Moreover, the IASB also issues framework for financial reporting and international financial reporting interpretations. Besides, the International Organization of Securities Commissions (IOSCO) also plays a significant role in the international standard-setting process. It doesn’t develop accounting standards, ...

The creation of cash flow statement was done by the FASB so that the stakeholders of the business including creditors, owners, and managers can receive a higher amount of information about the receipts and expenditures of cash. Though there is the provision of showing the cash balances in the balance sheet at the end of every period, there is no further information given on the balance sheet, statement of owner’s equity or income statement. The creation of a cash flow statement solves this problem without fail. The basic purpose of a cash flow statement is the provision of ...

Which agreement is most generous, relative to the average wage in the relevant industry?

Wage increases Hours of work Labour process (see Boxall and Purcell 2011 Ch 1, p.13 - 16). For the dominant occupational group cover by the EA, is the labour process..

Does the EA have more, the same, or less job titles than its relevant Modern Award?

Note two distinctive substantive rules for each agreement Note one distinctive procedural rule for each agreement Note one clause that relates to work health and safety. Rate the agreements in terms of: Enterprise Industrial Relations Enterprise Industrial Relations In the mining industry, employment is full-time, casual, or part-time. From the beginning of employment, the employee is given a six month qualifying period within which their employment can be terminated ...