Chapter 19 Comprehensive Problem 83 Identify significant tax and non tax issues of concerns that may differ across entity types. Limited Partnership: Tax issues and concerns: Partners will pay taxes on profits they receive from their investments. Tax liability is determined by tax basis base on original investments. In this case Dawn is 30%‚ Linda is 30% and Mike is 40%. Partners need to pay taxes on income whether they receive this income or reinvested back into the business. General or active
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Problems Faced by Small and Medium Pharmaceutical Companies Small and medium enterprises (SMEs) in their endeavour towards trans-nationalization and exports are confronted with several issues. These include: lack of expertise‚ training and finance for technological up-gradation and adoption of good manufacturing practices (GMP) by SMEs to meet global quality standards; limited exposure and expertise on IPR issues; limited adoption of information technology (IT) techniques in production and processes;
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is made. 7. A special one-time order should never be accepted if the unit sales price is less than the unit variable cost. 8. If a company has excess capacity and present markets will not be affected‚ it would be profitable to accept an order at a special unit price even though the price is less than the unit variable cost to manufacture the item. 9. A company should never accept an order for its product at less than its regular sales price. 10. A decision whether to continue to make a product
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capitalist market economy‚ companies are a familiar part of everyday life. Companies own supermarkets‚ supply water‚ gas‚ electricity and petroleum products we are depending on. They publish the newspapers and provide our Internet services. We deal with companies so often as purchasers and users of their products and services that the image ‘company’ brings to mind is usually of an organisation concerned with marketing and collecting payment for products which the company has made (or bought in) or
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“A company or a corporation is an ‘artificial person’ created by law.” Discuss. Introduction A company or a corporation is an artificial person not natural person. Artificial person are such as are created and devised by human laws for the purpose of society and government which are called corporation. Such artificial persons‚ known as corporation‚ possess similar rights and owe similar obligation as natural person‚ but have no physical or natural existence. The law in creating legal persons always
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Question 1 A sweatshop is a working environment with very difficult or dangerous conditions‚ usually where the workers have few rights or ways to address their situation. This can include exposure to harmful materials‚ hazardous situations‚ extreme temperatures‚ or abuse from employers. Sweatshop workers are often forced to work long hours for little or no pay‚ regardless of any laws mandating overtime pay or a minimum wage. Child labor laws may also be violated. Though often associated with
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1. On analysis‚ a compound with molar mass 60 g mol–1 was found to contain 12 g of carbon‚ 2 g of hydrogen‚ and 16 g of oxygen. What is the molecular formula of the compound? A. CH2O B. CH4O C. C2H4O D. C2H4O2 2. What is the total number of atoms in 0.20 mol of propanone‚ CH3COCH3? a. 1.2×1022 b. 6.0×102 C. 1.2×1024 D. 6.0×1024 Assuming complete reaction‚ what volume of 0.200 mol dm–3 potassium hydroxide solution (KOH(aq))‚ is required to neutralize 25.0 cm3 of 0.200 mol dm–3 aqueous
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The Act decriminalises company law. There are very few remaining offences such as the falsification of records‚ publishing of false information‚ refusal to respond to a summons and similar matters‚ which relate to the administration of justice in terms of the Act. Any such offences must be referred by the Commission to the National Public Prosecutor for trial‚ in the Magistrate’s Court. The Act generally uses a system of administrative enforcement in place of criminal sanctions to ensure compliance
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Answers to Essay Questions: Chapter 8 8. Injured parties can recover damages by suing‚ asserting negligence under the Uniform Commercial Code (UCC). 9. To sue for negligence‚ the plaintiff must establish that the defendant breached its duty of care‚ creating an unreasonable risk to harm and such negligence or carelessness was the proximate cause of the plaintiff’s injury. 10. Strict liability is a liability ascribed to a manufacturer or seller of a defective or dangerous product regardless
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perish or suffer injuries in the blaze. Answer both of the following questions. Both questions carry equal marks. Using case law to support your arguments: 1. Discuss whether Bob may be charged with the murder of Alice‚ Karishma and Jake; and 2. Advise Bob as to whether he has the necessary mens rea to be charged with offences under s1(1)‚ s1(2) and s1(3) Criminal Damage Act 1971. The area of law in which this question concerns is murder. It is necessary to consider the extent to which Bob
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