Answer: The primary disadvantage of the corporate form is the double taxation to shareholders of distributed earnings and dividends. Advantages include: limited liability; ability to raise capital; and unlimited life 【Agency Problem】 Who owns a corporation? Describe the process whereby the owners control the firm’s management. What is the main reason that an agency relationship exists in the corporate form of organization? In this context‚ what kinds of problems can arise? Answer: In the
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Imagine going to a school your whole life. A school you enjoyed with your friends and were excited to go to every morning. Now‚ imagine being told that school was being shut down and you had to go to a different school with different people. This is the reality thousands of kids in Chicago are facing today. The Chicago Public School system (CPS) has announced the closing of numerous inefficient elementary schools and even a high school in the Chicago area. This has lead to one of the biggest controversies
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According to our textbook the closing process serves a dual purpose 1. The temporary accounts (revenues‚ expenses‚ gains and losses) are reduced to zero balances‚ ready to measure activity in the upcoming accounting period‚ and 2. These temporary accounts are closed (transferred) to retained earnings to reflect changes that have occurred during that accounting period. (Spiceland p. 79). There are three times during an accounting period when a company should perform a closing process‚ daily‚ monthly and
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I was a little worried writing about my mother because I thought it would seem like I was looking for sympathy‚ but I figured it was a good topic to write about because it had the largest effect on me. My goal became to write an essay that didn’t focus on the death or loss but on the change and growth that took place. Being active is something that has always been important to me‚ and I learned this from growing up with and observing an expert. My mother was more active and involved than anyone
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SOUTHWEST AIRLINES IN BALTIMORE Issue at Hand: Baltimore is one of the eight mega stations for Southwest Airlines. The airline plans to expand operations there‚ rapidly. But the operational performance at Baltimore station is lagging behind the system-wide average of the airline. The challenge is to overcome this impediment so that the station can accommodate additional growth as planned. Q 1: Comparative Advantages: • Strategic business policy which envisions car and bus as Southwest’s
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1888 The First National Manual Cash Register In 1883 on January the 30th James Ritty receives a Patent for inventing the cash register. Ritty owned a cafe in Dayton in the 1870s it was a popular cafe but somehow always lost money Ritty then blamed the bartenders and other workers for stealing. What Ritty dealt with was very common in the late 1800s. Ritty later went on a vacation on a ship whist on the ship he observed the workings of an automatic device that recorded the revolutions of the ship’s
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West Indies Yacht Club Resort Case Analysis 1. Introduction The West Indies Yacht Club Resort (WIYCR)‚ located on the island Virgin Gorda in the British Virgin Islands (BVI) has been experiencing operational difficulties during the recent two years. Herein‚ I will first provide a brief overview of the tourism industry of BVI that is quintessential for better understanding of the situation as a whole. Subsequently‚ I will analyze the causes of the resort ’s ails and conclude delineating possible
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The Oregon Coast. The sunset glistens against the raging ocean water. I could walk for miles on the sand as it is ongoing never ending. While your feet sink in the sand I can ponder the peacefulness around me. The way the two rocks were hit by the glowing sunrise set a reflection of crystals in the clear water. There was a slight misty breeze‚ as I walked along the water. The Oregon coast is my sanctuary with the two most beautiful rocks that stood on the edge of the unknown below them.
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In the article “An Analysis of Patterns from the Statement of Cash Flows”‚ the writers Benton E. Gup‚ William D. Samson‚ Michael T. Dugan‚ Myung J. Kim‚ and Thawatchai Jittrapanun discuss some of the various aspects of the Statement of Cash Flows. Prior to 1987‚ the Statement of Cash Flows was not a mandatory portion of financial statements (73). On a Statement of Cash Flows‚ there can be three types of cash flows: operating activities‚ financial activities‚ and investing activities; these activities
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*INTERVIEW OF RUTH SIMMONS Web address: http://video.pbs.org/video/2227537695 Who is she today and what is her occupation? President of brown university Where was she born? When? Grapeland TX 1940 What did her parents do? How many people were in her family? They were share croppers 14 What was her life like as a little girl? Explain in several sentences. Also‚ include the specific details of sensory imagery she uses to enhance her description
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