FIN 515 Homework #1 1-1. What is the most important difference between a corporation and all other organizational forms? Owners of a corporation are not liable for obligations the corporation enters into because a corporation is defined as a legal entity separate from its owners. 1-2. What does the phrase limited liability mean in a corporate context? Limited liability means that owners/investors are solely liable for the amounts they invested in the company; and owners/investors are not
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Balance retained earning + net income - New Balance retained earning Dividend = $780 million + $50 million - $810 million = $830 million - $810 million = $20‚000‚000 Question (2-7) The Talley Corporation had a taxable income of $365‚000 from operations after all operating costs but before (1) interest charges of $50‚000‚ (2) dividends received of $15‚000‚ (3) dividends paid of $25‚000‚ and (4) income taxes. a) What are the firm’s income tax liability and its after-tax income? b)
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Week 7 Analysis Report Introduction It seems like some of the staff at CanGo is very eager about getting into the online gaming market. So far there hasn’t been that much research done on the market and they don’t know what type of potential‚ or lack thereof‚ for CanGo. Liz is taking a good approach by letting everyone speak their mind and not getting sucked into what everyone else wants. She has taken a very objective approach in listening to everyone’s pros and cons. Analysis When going
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from your instructor‚ are in the "Details" section below. Date Taken: 6/11/2012 Time Spent: 01 min ‚ 13 secs Points Received: 21 / 60 (35%) Question Type: # Of Questions: # Correct: Multiple Choice 13 9 Short 5 N/A Grade Details Page: 1 2 1. Question : (TCO 11) Define point estimate. Student Answer: Approximation of a single quantity or a single numerical value‚ instead of that of a whole range of values. Instructor Explanation: A point estimate occurs when a single value‚
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Week 7 – Body Paragraphs - Assignment Each year‚ children are spending less time outdoors playing and more time indoors watching television. With all the time spent indoors‚ physical activity and exercise is greatly lacking in children today‚ which is contributing to the rise of childhood obesity. Instead of riding bikes with friends or playing sports in the street‚ children are sitting slumped on the couch‚ staring at the television‚ with no motivation to stimulate activity. This is in part to
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Questions for Discussion WEEK 1 Question 1: What personality traits do leaders like Todd McFarlane possess that distinguish them from other individuals? Answer: It is easy after reading the brief information on Todd McFarlane that he does have qualities a leader should possess. Edwin Ghiselli identified in his studies that there are six traits important to effective leadership. There have been many more studies where scholars have identified more traits. If you look at them all for the
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Chapter 1 1. What is the most important difference between a corporation and all other organizational forms? A corporation is legally separate from its owners; it is an artificial being under the law. 2. What does the phrase limited liability mean in a corporate context? Limited liability refers to the amount of liability an owner has. The owner is only liable for the amount they invested in the corporation. 3. Which organizational forms give their owners limited liability? LLC
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HUMA1000: Cultures and Values (L3): Love‚ Death and Human Nature Prof. Simon Wong Division of Humanities hmmhwong@ust.hk Introduction • This course has defined “narrative as a perception” as the specific aspect of humanities perspective to form the contents of the Intended Learning Outcomes (ILOs). Within this framework‚ three basic values will be explored: Love‚ death and human nature. Lectures and readings will be built upon selected texts of Chinese philosophy and religion. Through studying
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an audit for this company? Explain the reasons for your decision. Yes‚ audits exist because of regulatory mandate (required by government). There are three theories which propose reasons why demand for audits might exist without regulatory mandate: 1. Agency theory (The focus of the agency demand for auditing is more related to the stewardship role of accounting- which is more an examination of what has happened.) The separation of ownership and control of organizations has resulted in an information
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Negotiating Techniques 1. Forbearance Waiting in Haste Don’t talk (you might give away info) Not responding quickly gives time to think and allows your decision to change if needed 2. Silence If you’re silent you can listen to what the other person has to say Need to find the right balance between talking and being silent 3. Surprise Used when trying to make a point Change the tone of your voice‚ rate of speed when talking 4. Fait Accompli What was made was already accomplished 5. Apparent withdrawal
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