Dawn, Lind, and Mike forming their business relationship under the label Colored Custom Sheets, CCS will encounter several issues regarding both tax and nontax issues which may differ across entity types. For example, when considering tax issues across entity types, if Dawn, Lind, and Mike elect to select the limited liability company, they will need to understand that by default all profit and loses are passed though the business to its owners. The owners are also required to report income and losses on their personal tax returns when selecting the limited liability company structure. This also holds truth for sole proprietor or partnerships. The taxation is considered to be the simplest form and can be filed for a variety of different classifications of tax on form 8832.
1) 2) 3) 4) How do Kenco’s manufacturing and reporting systems support its key success factors of product quality, on time delivery, and cost? Kenco events weekly production job meeting to rank all the jobs for the week by profitability, so the least profitable jobs will be analyzed in detailed. Kenco aims to suppliers who could meet restrict price, material specification, and deliver requirement. Base on this plan, Kenco will receive 15% discount on material price if they can guarantee the sale. And the steel deliveries are in a three-day window.
The computation of ratios facilitates the comparison of firms which differ in size. Ratios can be used to compare a firm's financial performance with industry averages. In addition, ratios can be used in a form of trend analysis to identify areas where performance has improved or deteriorated over time. Because Ratio Analysis is based upon Accounting information, its effectiveness is limited by the distortions which arise in financial statements due to such things as Historical Cost Accounting and inflation. Therefore, Ratio Analysis should only be used as a first step in financial analysis, to obtain a quick indication of a firm's performance and to identify areas which need to be investigated further Profitability.
How much was the business's net income (or net loss) for 2010? Write the equation to compute the company's net income and indicate which element is a debit and which is a credit? Does the net income represent a net debit or a net credit? Total revenue – Total expenses = Net Income $460,000 - $380,000 = $80,000 Revenue = credit Total expenses = debit Net Income = credit The following transactions occurred for Advanced Engineering R1: Record the transactions in the journal: |DATE |ACCOUNT NAME |DEBIT |CREDIT | |09/02/15 |Utility Expenses |$300.00 | | | |Utilities payable | |$300.00 | |09/05/15 |Equipment |$2,000.00 | | | |Accounts Payable | |$2,000.00 | |09/10/15 |Accounts Recievable
By having deadlines set like this, it made everyone accountable and able to have their information or opinion written up in the wiki so we were able to move onto the next stage in a timely manner. In a group task such as this, a major factor would also be the members wanting to succeed. As a group we were all focused on the same outcome, working together and putting our information into the presentation as best as we could. As we were all focused on the same thing, very early on we communicated clearly with our group members. I was heading away on a family holiday for a week and I told the other group members what day I was going away and when I was coming back.
BUS 630 Entire Course http://www.homeworkwarehouse.com/downloads/bus-630-entire-course/ BUS 630 Entire Course BUS 630 Week 1 BUS 630 Week 1 Assignment Case 2B Mendel Paper Company BUS 630 Week 1 DQ 1 Ethics in Cost Control BUS 630 Week 1 DQ 2 Fixed and Variable costs Ethics in Cost Control. (Exercise 1-9) Zoya Arbiser, regional manager of Gold Medal Sports Shops, is reviewing the results of 15 stores in her region. Store managers are moved annually. Each store manager’s income is very dependent on the direct contribution margin of that store. For the past year, Store 9 has been managed by a person who has operated several other profitable stores in recent years and is about to be promoted to a larger store.
• debit to Allowance for Doubtful Accounts for $3,300. Multiple Choice Question 182 The financial statements of the Melton Manufacturing Company reports net sales of $300,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days? • 60.8 • 96.1 • 36.5 • 48.7 Find the final exam answers here ACC 291 Final Exam Answers Multiple Choice Question 119 Stine Company purchased machinery with a list price of $64,000. They were given a 10% discount by the manufacturer.
People who stand to suffer economic loss should allocate the risk within their contracts effectively with property owners Argument assumes that all persons organise affairs in accordance with laws of economic efficiency, assigning liability to the ‘least-cost risk avoider’ Not all parties to a transaction share an equality of bargaining power 2. Donoghue v Stevenson: Lord Reid Hedley Byrne: the difference between negligent acts and words: people often express definite opinions on social or informal occasions even when they see that others may be influenced by them; they do it without taking that care which they would take if asked
Follow course syllabus for course requirements and deadlines. Expectations for Time Management and Involvement (Participation, communication with the team, accessibility, etc.) Keeping in mind that everyone has personal lives outside of the course, we ask that members keep open communication with the team, and if unable to check in online, that they call/text or email a team member for updates. We ask that each team member follow the deadlines for rough drafts, reviews and final projects. Ensuring Fair and Even Contribution and Collaboration What strategy will you use to ensure that all team members are contributing and collaborating appropriately?