Expense College Essays Samples For Students

In order to compare the taxation practices of Egyptian and non-Egyptian firms, we will be analyzing the following list of the companies, all of which are from the telecommunication industry. Below is the list of Egyptian and Non-Egyptian firms, which we analyze for the purpose of comparing their tax reporting practices:

Egyptian Firms:

- Telecom Egypt
- Mobinil
- Etisalat

Non-Egyptian Firms:

- AT& T
- MCI
- Sprint

Egyptian Firms

I) Mobinil:
Founded in the year, 1988, Mobinil is one of the largest telecom companies in Egypt. As for the tax reporting by the company, during 2012, the company ...

Executive Summary

In view of the issues facing the ABC management, the key solutions identified relates to three issues on cash and budget, innovation and product development as well as theft and fraud reduction. With that, The Cost and budget management solution is meant to enhance the business performance by reducing the excessive and unnecessary use of the company resources. That would be achieved through key initiatives involving effective management of the sales and expense as well as debt management that would cut on expenses and the interest paid on debt by having more responsible personnel overseeing the accounts and their ...

Summary

This particular section sheds light on the measures used to assess the quality of financial reporting. The framework looks at a company's risk and success factors. The quality of the analysis depends on the inputs put into it. In addition, the quality of the measures used to assess financial reporting varies between companies, and can also be different for a single company for a period of time. Measures that are based on inventory suit retail businesses, measures that are based on depreciation suit capital intensive companies, and measures that are based on off balance sheet reporting are best suited to financial institutions. ...

Investment Goal:

The overall objective of this portfolio is to earn a sustainable return by assuming average level risk over the period of 10 years. The eventual objective of this portfolio is to fund my post –retirement life, however, I am keeping the time horizon here up to 10 years for now as with me still being in a young age, I opt to assume average risk. However, in order to avoid payment of taxes on my cash inflows, I will solely be investing in mutual funds suitable for IRA investment

Investment Style:

Considering my average risk tolerance and investment period of 10 ...

Chapter 1

The first chapter of the book “The Accounting Game” by Mullis and Judith provided an overview of the key factors of financial statements, such as cash, original investment, assets, expenses, and balance sheets, etc. It is indicated that debits and credits are equal (Mullis and Judith 17). For instance, one invested $5 in the business and earned $5 in this case cash (debit) and invested capital (credit) will be equal. In addition, if one borrows $ 10 from anyone, it will be cash in hand on one hand, but on the other hand, it will be one’s liability because ...

Introduction

Official corruption regularly, exists in every nation with long haul financial stagnation: on the premise of easygoing induction, it is obvious that the degree of authority corruption in an economy is absolutely corresponded with government administrative action, and contrarily connected with the pace of long-run monetary development and advancement. At the same time relationship does not ensure causation: corruption may be a variable adding to a nation's monetary stagnation; then again, in the vicinity of long-run financial decrease the motivator to take part in degenerate exercises may well increment, and in this manner the causation may run from financial stagnation to ...

Financial Reporting

Customer Inserts Tutor’s Name
(30, 09, 2013)
Deferred tax asset is an asset reported on the Statement of Financial Position of a company that will be used in paying taxes for subsequent accounting periods. From financial point of view, deferred tax assets actually reduce the income tax expense for the upcoming periods. On the contrary, the deferred tax liability is an account on the balance sheet which appears because of the temporary differences arises as a result of difference between the profit calculated for accounting purposes and profit computation for the purpose of taxation. In the year end ...

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 ...

MONITOR AND CONTROL FINANCES

Budget variation report
The budget variation report (on Excel) indicates both favourable and adverse variances in revenue and cost items. The full year’s sales are 3% less than the budgeted amount. Greater variations were seen in quarters 1 and 4 when the actual sales were 20% less than the budgeted sales. Quarters 2 and 3 saw an improved performance with favourable variances of 20% and 7% respectively. There were no variations in direct wages since they are based on contracts between the employees and the company. The favourable variance in commission expenses was due to the variance in ...

- NPV= -C0 + C1/ (1+r) + C2 / (1+r)2 + C3/(1+r)3 + Cn/(1+r)n

-Co refers to the amount which was initially invested
C refers to the cash flow
r refers to the hurdle rate
n stands for the time

Depreciation is an expense that is tax deductible

Years Amount Tax effect After- tax cash flows Depreciation 12% factor Present
Tax shield value
0 (2140000) - 2140000 1.0 (2140000)
1 (1050000) (1-0.4) (630000) 14099 0.8929 (549938)
2 10250000 (1-0.4) 6150000 14099 0.7972 5015170
3 10250000 (1-0.4) 6150000 14099 0.7118 4477920
4 11250000 (1-0.4) ...

There are several objectives that guide the setting up of these standards. Below is brief discussion on the importance of accounting standards and especially in the New Zealand context. These include:
Accounting standards usually set the minimum level of disclosure of financial information. This ensures that all interested parties and stakeholders are adequately informed of the financial happenings in a company. Well prepared financial statements will serve all stakeholders and thus they will be able to make informed choices guided by the financial statements.
These standards remove variations that may arise in the treatment of several aspects of ...

Introduction

Capital structure refers to a company’s alignment of the long-term and short-term debts, common equity and the preferred equity. The term also include the analysis of how the company decides on how to allocate the cash flow into various components including a portion that is allocated to meet the financing needs of the debt capital and the other portion that is allocated to the shareholders as part of the dividend. Capital structure is a subset of the financial structure. Financial structure refers to the relative proportion of the various sources of finances that are used in the business ...

[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 ...

Claim

Is it permissible for organizations in the pharmaceutical industry to engage in aggressive product promotion using nonfactual fictional information to woe clients at the expense of their health?

Explanation of the claim

In the recent years, there has been stiff market and product competition in the pharmaceutical consumer goods; the increase in the number of the products in the market due to increased technological advancement which has made production easy. Easy availability and affordability of technology to manufacture pharmaceutical products in the 21st century has made it easy for new producers to enter the market which has increased the production of substitute pharmaceutical ...

The automobile is one the key inventions of modern life, or it is at least, it is one of the inventions that changed modern history. Prior to the invention of the automobile, personal land travel as well as commercial travel was limited to either places that one could walk to, ride a horse to, or was accessible by a railway line. However, after the invention of the automobile, society was freed to go almost anywhere that was accessible by land. This became even more so as the price of cars decreased and it became more easy for the average ...

Internal Financial Performance Analysis of Coca Cola Company (KO) from 2013 to 2015

Internal Financial Performance Analysis of Coca Cola Company (KO) from 2013 to 2015

Introduction

Coca Cola Company is a publicly traded organization in the United States of America that produces, retails and markets non-alcoholic beverages (such as concentrates and syrups etc). It serves the worldwide market except for North Korea and Cuba, since 1950 and 1962, as the drink is associated with American patriotism .

In this section, the financial performance of Coca Cola Company is examined by assessing the financial information and ratios from 2013 to 2015. This is done by analyzing the debt management capacity as well as ability ...

[Writer Nаme]
[Supervisor Nаme]
[Dаte]

Overview of Sharon construction company
The Sharon Construction company was given the contract to construct a stadium with 20,000 seats in it. The construction was supposed to commence on 15th February and was expected to take one year to complete. The contract contained a clause of penalty, which stated that any delay of one week further ahead of 15th February of next year will cause a penalty of US$ 15,000 per week. Jim Brown was the president of the company. He called a meeting to plan the project management schedule ...

I. Statement of the Problem
During the passage into law of the Patient Protection and Affordable Care Act (Obamacare) in 2010, many of the Americans even the poorest citizens were given chances to avail of better health care services. As such, there was an uncontrolled budget on the federal health care provisions that has given them a dent in the budget. Although the policy can be credited for its coverage; that of which covering almost 80% of all Americans, the fact that the government is slowly delving into debt cannot be discredited. As such, this paper will examine the ...

Budgeting

- The Make Way Foundation

Why the Funding of the Children’s Summer Expense Project was Overlooked

Fund management is critical especially for non-profit or charity organizations with limited resources, and dependent on private or public donations. Competing priorities could lead to misallocation of funds. In the case of Children’s Summer Expense Project, its omission in the Foundation’s list of priorities could be one of the reasons why funding was insufficient. In many cases, programs to be funded are based on how strong their proponents are in advocating for their cause(s). If a program has no assigned proponent to lobby for its full financial support, it will be disregarded in ...

The Financial Planning Process

The Financial Planning Process
The financial plan to improve the financing problem must be made according to the inflows and the outflows of the cash. Financial problems, either commercial or personal, can be managed or resolved by implementing a financial plan correctly. In the given scenario, Jan and Bill Smith are facing financial problems such as mortgage and credit card payments. The financial plan for this family must cover at least five to six months, so that Jane and Bill don’t face tough financial circumstances. ("Manage money by,")
The current financial position of Jane and Bill is ...

You Are an Entrepreneur

You Are an Entrepreneur
The formation of a new business is the easiest task in any business. However, to expand that business and making it profitable is the main concern for the business owners with limited resources. In the current financial circumstances all over the world, it is becoming difficult for the small or medium size business to raise finance via share issue or debt. The main reason behind this difficulty is that the investors are losing the faith in the sustainability and the going concern issues of smaller and new businesses. Therefore, in these circumstances, it is very ...

Qn 1

A capital expense item is any item in the company that is useful for a long period without wearing out. For example a computer hardware of software is a capital expense because it stays and does various services in the company. The term capital expense is common in any business environment and it is beneficial for the company to engage in having more capital expenses to increase on the profit of the company. Depreciation applies to the capital expense according to the arrangements made by the company, the depreciation procedure of the assets of the company follow a well defined framework to maintain a ...

Advantages and disadvantages of equity financing

Advantages
One advantage of equity financing is that AMSC will not be forced to make any regular payments to shareholders. Equity holders in the company benefit through dividends and capital gains that arise from the appreciation of shares of the company. Corporations do not have an obligation to pay dividends to its shareholders. AMSC will only pay dividends to its equity holders if the company makes a profit. The rules for capital maintenance stipulate that companies should pay dividends out of distributable profits (Baker & Martin, 2011). It implies AMSC will not make any distributions to shareholders if it does ...

Introduction

A lease is a lawful document, which outlines the stipulations under which a certain party agrees to rent the property from the other party. Therefore, a lease is a contractual agreement that calls the lessee (the renter) to pay the lessor (the property owner) for the use of an asset. Both the US-GAAP and International Accounting Standards (IAS) affect the regulations for leasing contracts balancing process. IAS 17.3 defines it as an agreement, which expresses the right to use plant, equipment, or property, typically for a specific period, in exchange for the cash payments. The lawful property possessor is the lessor whereas the renter ...

An analysis of tax benefits with different depreciation methods

ABSTRACT
An operational asset of the company starts to lose value as soon as it is purchased. This reduction in value can be termed as ‘depreciation’. This decrease in the value of an asset occurs due to usage, passage of time, wear and tear, technological out dating or obsolescence, depletion, inadequacy, decay etc. Different assets are acquired at a certain value and they depreciate over time. The annual loss in the value of any asset on account of its depreciation can be calculated using different methods (discussed in the essay). Every method has a different effect on the tax calculation ...

Answer ot question #1: Not provided as we agreed to check it by yourself.

Answer to question #2: B
Explanation: Expected return and mean return are completely two different concepts. Expected return is the weighted average of the possible returns, where the weights correspond to probabilities. In contrast, mean return is the average of all of the historical returns over a particular time period. So the statement B is not correct.

Answer to question #3: A

Answer to question #4: B
Explanation: Dividend yield is the return on investment in the form of dividend. It measures the dividend income earned for each dollar invested. Here General Electric Company stock was purchased at the price of S14.64 on ...

Accrual and cash basis differs in regard to recognition of revenue as well as expenses of a business. Cash basis recognizes income when cash is received. For example, when goods are sold at a profit the profit will be recognized when the buyer pays for the goods. Therefore, if a company uses cash basis of recording trasactions, when credit sales are made it is impossible to recognize any profit to be obtained from such sales till the time customer pays. In addition, cash basis requires expenses to be first paid then recorded. This means that any expense incurred and not immediately paid ...

Abstract

Research is a deliberate planned investigation carried out with the aim of developing and acquiring new technical or scientific knowledge and understanding. On the other hand, development refers to the application of the research findings or other useful knowledge to plan, design new products or improve the firm’s final products, devices, process of manufacturing, systems or services, usually before commercial production.
Different firms account for R&D costs a bit differently depending on whether they follow local standards or international standards. The accounting for R&D cost has evolved since 1974 this has been due to views of different accountants on ...

Walmart is a multinational store that was founded on the idea of selling inventory at a low price (selling more for less). This selling concept has propelled the retailer to be among the largest across the globe. The firm enjoys a presence in over twenty-eight countries. Its network is made up of eleven thousand five hundred stores and eleven e-commerce sites (Walmart, 1). The adoption of e-commerce has enabled it to tap the growing demand for internet shopping. In the recent financial year, the firm revenue was $482.1 billion. The continuous growth and increasing economic value of the retail ...

The management’s assessment of the financial condition for Star Bucks agrees with the previous analysis of the company’s financial statements. A close examination of the consolidated income statement confirms that the net revenues earned in 2015 by the entire business increased by 17% from 16.4 billion in 2014 to 19.2 billion in 2015. This net increase in the incomes earned by the business has been contributed to by the segmental growth of the business revenues. A trend analysis shows that the net revenues from the company operated stores, licensed stores, and the CPG, food service and others ...

This analysis considers the cost behavior of the various cost items in order to determine the cost and profit at various levels of activity. Fixed costs are costs that do not vary with changes in output. Variable costs are costs that change with changes in output. Semi-variable costs are costs that are partly variable and partly fixed. Stepped fixed costs are costs that remain at a particular level of activity but step-up to a new level when activity level exceeds a particular point (Drury, 2012).
In this case, the cost items are classified into either fixed costs, variable costs, ...

Meetings could actually cost a lot for the company. This is a fact overlooked by many managers and thus over expense occurs. The standard expense according to an article by Betsy Bondurant entitled “Getting Started with Standard Meetings Management Programs” estimates about 1% to 3% of the total company’s revenue. The numbers may seem low but if given worth of a big company worth 100 billion, the expense on meetings would be 1 to 3 billion. This huge loss on meetings expenses drives the motivation for setting up strategic management programs. To start off a successful strategic program ...

Situation- Mario’s Italian Restaurant is a new restaurant that has recently opened in Overland Park, Ks. The restaurant is currently experiencing difficult times financially. The restaurant is slow and the owner believes it is due to the smaller size and somewhat hidden location. The other restaurants in the area are self-standing. In other words, they are not attached to any other business and are closer to the road. Mario’s Italian Restaurant, on the other hand, is located further off the road in a strip mall. The strip mall is placed behind the self-standing restaurants. Also, Mario’s ...

Section

Executive Summary
In this study, the city wanted to determine the economic value of the Sharp Park and the surrounding coastal trail. Instinctively, one may think of lost revenues, or possible income which may be generated by keeping the golf course.
However, in the study, it has been determined that the amount earned from the golf course is actually much lesser than the amount required to maintain such. In fact, the city does not even earn from such property. The expense is greater than the revenues generated.
But in the course of the research, it has been ascertained that ...

Abstract

This paper seeks to compare American and Australian Criminal Justice Systems by providing information regarding the way the two criminal justice systems operate. Some of the various aspects that the paper will be seeking to evaluate within the two systems include the legal traditions; law enforcement; measure of crime; criminal procedure; corrections; terrorism and organized crime; courts and legal profession; and juvenile Justice. The paper starts with an introduction, which provides a general overview of the paper. Consequently, the paper will provide insight regarding the legal traditions that are practiced within the two countries.

Introduction

Comparative studies of criminal justice ...

a)
It is permissible. FASB ASC 835-20-05, ASC 835-20-05 provides that interest should be capitalized into assets’ costs for assets that meet a certain pre-set criteria.
b)
The objective of capitalizing interest rate is to ensure that the value of an asset that represents the full investment made in acquiring the asset and to charge the full cost of acquisition of the given resource that will provide future benefits against the revenues of the respective periods.
c)

There are various assets that qualify for capitalizing interest rates.

Assets that an entity constructs or produces for its use either by the entity or by other entities on behalf of the ...

Impact of the new proposal on transparency

With regards to the operations of organizations involving in lease, it is clear that the proposed rule of including leases in balances sheet will foster transparency in reporting. The first instance that explains the effectiveness of lease accounting can be directed to the observed dominance of leasing. Leasing is a way for the subject entity to access financing and assets besides, minimizing risk exposure associated with ownership of asset. This prevalence indicates that leasing now forms a significant fraction of company’s operations and thereby influences the profitability of the subject organizations. This means that the users of financial ...

In what ways did American progressivism/liberalism draw from and change previous elements of American political thought, starting with the Populists and continuing through the New Left? Are there tensions within this broad movement?

Over the past century, the US has seen the stage being set for modern liberalism. This has been done by the progressive assault on the binding constitutionalism which had been set by the founders. By pin pointing the exact drawbacks, the movers have been in a position to address a number of areas that needed to be addressed. To understand the metamorphosis, one should visualize the changes ...

INTRODUCTION.

Green Computing refers to the act of planning, assembling, utilizing, and discarding any materials identified with systems administration and correspondence without creating extreme harm to the earth. It began in 1992, when the U.S. Ecological Protective Agency planned a project to backer vitality effectiveness in innovation items, for example, PCs. Ahead of time, this brought about low attractive and electrical discharge from CRT- based PC shows (Hart-Davis and Holzman, 2012). Ways to deal with green registering had developed so as to bolster the venture. European Research Consortium for Informatics and Mathematics (ERCIM) had presented the four mainstays of green figuring ...

This Paper was prepared for_________ taught by___________

Introduction. Interpreting financial statements (FS) requires a thorough understanding of basic principles of accounting and reporting. This paper discusses such concepts as accounting equation and basic formats of FS, role of international financial reporting standards (IFRS), US Generally Accepted Accounting Principles (US GAAP) and The U.S.Securities and Exchange Comission (SEC) in the reporting process.
Principal financial concepts. US GAAP are a set of accounting standards used by US companies for financial reporting. They are introduced by the Financial Accounting Standards Board (FASB) in compliance with SEC regulations and FASB mission of setting and improving principles of accounting and reporting which ...

Business Consulting – Bill’s Restaurant

Bill has desired to track daily and weekly expense to manage the monthly expenditure. In order to do so, Bill has developed a spreadsheet containing the date, expense heads, and daily total expenditure, receipts required and total expenses. Bill has to perform the following tasks in order to get desired results:
In order to get the total expenses for each day in the column F of the worksheet, Bill has to place a formula of SUM (firstColumn:lastColumn) against each cell in the column F to get daily expenses. For instance, Bill has to place a formula of SUM(B5:E5) at the ...

GAAP and IFRS have some inherent differences in their approach towards valuation. One of the differences is seen in the valuation of intangible assets (Porter & Norton, 2011). Under the GAAP, intangible assets are valued at fair value. Unlike the GAAP, the IFRS recognizes the assets which will have future economic benefits as well as measured reliability. The other difference is seen in the valuation of inventory costs (Porter & Norton, 2011). The IFRS does not allow the Last-in, First-out (LIFO) approach towards the account of the costs associated with inventory. The GAAP allows the use of the First-in, First-out (FIFO) ...

Import Tariffs

Introduction
Sloman and Wards (2007, p23) define tariffs as the taxes imposed by the government on the imported goods. In most nations of the world, the tariffs on the imported goods have always been hiked in favor of the locally manufactured goods. When the imported goods get to be highly taxed by the native government, their prices are increased to counteract the high cost of importation. This has always left the domestic goods relatively cheaper and thus high demand from the customers. The imported goods on the hand suffer at this expense; their cost lowers their demand. The ...

- Cash Equivalents
The term cash equivalents refer to assets held by the company that can be converted into cash within three (3) months. According to the company’s financial statements, the cash equivalents that are held by UPS as declared in their balance sheet are “short term investments” which can be various types of commercial paper. The short-term investments of the company increased from 711M in 2010 to 1,241M in 2011 (75% growth) and then decreased to 597M in 2012 (52% decrease).
According to the company’s year-end financial report the company holds cash and ...

Implications on Managing Organizational and Personal Change for Organizational Practice

Overview
In an organization where people are striving to achieve a particular goal, there exists collision of strategies instituted by individuals towards perfecting a given task. Managers and junior employees utilize the learned expertise to perform a given task, a situation that culminates in acrimony especially if either of the individual models performs dismally below expectations. Such collisions are the hindrances to change management in the organization. Change in an organization is presumed to be inevitable especially if it emanates from the looming threats from competitors or economic demands. The senior management takes the lead to instigate appropriate changes to be implemented ...

Executive Summary

The beginning investment portfolio was composed of ten Dow Jones Industrial 30 stocks that totaled an investment of $498,598. A hedging tactic was applied in order to have the capacity of liquidating the put options at prices that are close or in the money on the present Dow 30 portfolio. This tactic is applied in order to reduce the potential of risk in the event that the market goes flat or in the declining direction during the next year and a half. The selling of the put requests against the value of the beginning investment at strike values that ...

Introduction

Many companies expand their operations through capital projects. Capital budgeting decisions are critical since capital projects involve a substantial outlay of financial resources. In addition, most of these projects are irreversible. It follows that a company must exercise due diligence in evaluating a proposed capital project before deciding to accept or refuse the proposal. Correct estimation of expected cash flows from the project is key to the sound evaluation of the viability of the project and hence an appropriate capital budgeting decision. This paper explores the costs and items included in the determination of cash flows expected from a project to manufacture golf ...

Managing cost and budget is a risky task which requires careful planning and flexibility on the part of the manager. Additionally, the manager nurse is required to have good decision making so that the resources available are used adequately to meet the goals. However, a nurse who is a manager needs to have good leadership skills which are essential in the time of crisis. The absences of one registered nurse at the City Medical Center require sound decision-making skills and good leadership. This is to make sure services delivery to patients is not compromised, and all the staffs are satisfied (Huber, 2013).
...

Impacts of Gender based violence on International Development

Gender based violence refers to the violence that is experienced in the course of cross gender interactions. However, history has been in such a position that, gender based violate refers to the violence that is normally passed on women. In the societal setting, it happens that there are instances that lead to the mistreatment of a certain group at the expense of another group. In a nutshell, gender based violence is an instance that cannot be labeled as one that affects a particular society; however, it is a phenomenon that cuts across all cultures. In essence, gender based violence cuts across all countries as ...

Personal Finance

Personal Financial Plan
Introduction
A person’s financial success is determined by his ability to allocate and utilize his own financial resources. Planning is an integral part of every person’s future aspirations for a better life even retirement. However, financial planning is not as simple as outlining the current personal assets versus liabilities because similar to business financial planning it also considers both external and external environmental attributions. Internal factors vary from risk tolerance, projected financial situation, discipline, goals, spending, saving and investment patterns and consumption. On the other hand, external factors include social, legal, political, taxation ...

An Investigation in Private financial initiative (PFI) dilemma

Introduction:

The fundamental concept of Private financial initiative (PFI) is to create a partnership between public and private sector by financing public projects via private sector capital. In this practice, after founding public project by private sector, project leased back over a certain period of time to public sector (government), and private sector provides set of services associated with project such as maintenance.
PFI initially introduced by British Conservative government in 1992 to found the modernization project of Britain public infrastructure such as roads, schools and hospitals. Nowadays, PFI practiced by several governments in different countries (e.g. United Kingdom, Australia, ...

Justifications, Problems, and Solutions

The broad goal of conservation biology is, according to experts from the American Museum of Natural History, is “to conserve global biodiversity” (Calcagonotto, Egan, and Lehn 2001). Small population conservation biology is a facet of conservation biology that deals with the more specific issue of trying to preserve endangered species that have extremely low populations, and the efforts to conserve these species can be very expensive. The question of whether or not this type of conservation biology is ethically justifiable is one that can be explored by examining the approach of small population conservation biology, examining a test case from the ...

Liquidity Ratios

These are ratios that help accompany to meet its short term maturity obligations. They are arbitrary measures that are used to verify a company’s capability to settle off short-term debts responsibilities. They basically measure the ability of the company to meet its near-term obligations. Current ratio and acid test ratio are example of liquidity ratio measures.

Current ratio

Current ratio is a liquidity measure that shows the rate at which a company is able to meet its short- term liabilities using its current assets. It indicates the capability of a company to meets its short term liabilities with its current assets. Companies with current ...

Court allows Wife to consider inherited farm inputs as part of the expenditure of carrying out farming business even when the deceased husband had deducted the same expenditure.
The court held that the petitioner could deduct the cost of all the farm inputs from the 2011 farm income. This is despite the husband tax returns indicating the same cost were deducted in calculating the tax payable in 2010. Thus, the court held that commissioner of internal revenue was wrong to disallow the petitioner from deducting the expense.

Facts

Steve Backemeyer used to carry out farming business while his wife Julie ...

IT in Managed Care Organizations

Introduction
The most important function of information technology (IT) in managed care organizations (MCO) is to support their business. MCOs are complex in nature, offering a wide range of services to a wide range of individuals. It is vital for management to align its IT department with the operational dynamics of the organization. In this situation, it is important fo an IT department to align its goals to managed the complexity of MCO. A MCO should reduce risk if they have a well-function IT department. Thus, the IT department main concern is designing, implementing, and operating an efficient system ...

Each student will submit a 2500 words (including exhibits) Business Plan for their Simulation Company.  Use Times Roman 11 font, 1 inch margins, double spaced.  The business plan should provide the Board a report on your strategic decisions, with an account of your performance state, and your plan for the future.  Specifics of your decisions over various quarters, assessment of those decisions, and how you stand vis-à-vis competition should be included.  Use the following headings and subheadings to organize your Business Plan:

            2) Strategy of the Firm – SWOT, STEEP and Competitor Analysis
            3) Analysis of current situation and ...

Closing Entries

What are the reasons for closing entries?
Closing entries are passed so that each year the accounts can be started from zero balance so as to prevent overlapping of transactions of one accounting period to another.

What accounts are closed?

The accounts related to income and expenses are closed. In simple words nominal accounts are closed. Either these are transferred to trading account or profit and loss account. Personal and real accounts are carried forward to balance sheet.

How are closing entries done?

Closing entries are journalized and posted to appropriate ledger accounts in order to do close the temporary books. Following steps are followed in order to ...

BTMN632-9040

Dr.

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 ...

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 ...

With four treatment options, the patient must undergo a thorough consultation with the clinician, covering each restoration type. Each treatment presentation will include the benefits and drawbacks the that particular method, risks and/or impediments associated with placement, complications that can arise after placement and daily maintenance protocols. The presentations must be clear and concise and devoid of scientific terminology that may not be recognized by the patient. To enhance understanding, it is recommended that the presentations utilize models, photographs and/or drawings representing the final product; images of previous cases can be used if they comply with all patient confidentiality ...