Question 3 (a) The three rules of deductibility that a taxpayer must satisfy before a claim for deduction is given for tax purposes are to satisfy the general deduction test under [S 33(1) of the Income Tax Act 1967]. Under the general deduction test the business expenses have to fulfil all the following conditions in order to secure a deduction from the gross income of a business source: 1) it is revenue expenditure wholly and exclusively incurred in the production of income [S 33(1) Income Tax
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Running Head: Apple Inc.: Business Analysis Part III Business analysis III: Apple Inc. Abstract In this paper I will be presenting some of the strategies and tactics adopted by Apple Inc‚ I will emphasize on the means it has been using to achieve its organizational objectives. I will also present a brief overview on different type of strategies using Porter ’s generics strategies. This will be a conclusion of Apple Inc. business analysis. Economic Trends
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objectives. Apple through its innovative hardware‚ software‚ peripherals‚ and services aims to be a continued leader at bringing the best user experience to its customers. With its unique ability of designing and developing its own operating systems‚ hardware‚ application software‚ and services‚ Apple provides its customers with new products and solutions with ease-of-use‚ seamless integration‚ and innovative design. The Company has various products like the iPhone‚ iPad‚ Mac‚ Apple TV‚ and Operating
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Checklist of Financial Ratios Financial ratios allow a business owner to analyze and assess the firm’s financial performance and position over a period of time. By computing the financial ratios‚ you can also detect certain relationships between the different types of information. It gives you a quick indication of the firm’s performance in the areas of liquidity‚ profitability‚ capital structure as well as the financial position and potential risk involved. | | 1) | | Asset Turnover
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Sustainability of Apple Inc. Introduction Sustainability should mirror the culture of the organization‚ matching the organizations strategic approach to doing business. Organizations are now developing sustainability strategies and embedding them in the organizations culture. The organization understands that sustainability will play a major role in their future success/failure. Corporate Sustainability can be summed up using the Triple Bottom Line approach. The Triple bottom line theory is Financial‚ Social
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shows that the current of ratio of Ford is 120 percent while the current ratio of GM is 89 percent. The current ratio measures the company’s ability to pay short term and long term obligations. As Ford has the higher current ratio over GM‚ it depicts that Ford is more capable of paying its obligations to the creditors. The quick ratio of Ford is 110 percent while GM has 73 percent. Quick ratio is an indicator of company’s short-term liquidity. As Ford has the higher quick ratio over GM‚ it shows that
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Financial Reporting and Analysis Mark Hendricks Financial Mathematics University of Chicago September 2011 Outline Financial Reporting Financial Analysis Hendricks‚ Financial Reporting and Analysis UChicago Financial Mathematics 2/55 Financial reporting Financial reporting is important for well-functioning markets. Investors need information to properly allocate capital and hedge risk. Regulators need good information to monitor fraudulently activity and systemic
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Introduction Apple Inc. was incorporated in 1977‚ and is engaged in designing‚ manufacturing and marketing mobile communication and media devices‚ personal computers‚ and portable digital music players. Today‚ Apple ranks 75 on the Forbes Global 2000 list of Companies‚ and is a leader in the technology industry (Forbes). Apple values innovation and creativity‚ and is constantly looking to employ people with these qualities in all segments of their company‚ from the executive office to their Software
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Strategic analysis requires analyzing three primary activities which refer to the mission of the organization‚ internal environmental analysis and external environmental analysis. In this stage‚ we can analyze that Apple Inc. is more focus on the components such as the current technologies than on the employees based on the mission statement. SWOT analysis can be used to analyze the internal and external environment of Apple Inc. The internal environment factors are strengths that represent value
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1. (TCO A) Which of the following statements is CORRECT? (Points : 10) One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability. It is generally easier to transfer one’s ownership interest in a partnership than in a corporation. One of the advantages of the corporate form of organization is that it avoids double taxation. One of the advantages of a corporation from a social standpoint is that every stockholder has
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