C:2‑3 Bruce and Bob organize Black LLC on May 10 of the current year. What is the entity’s default tax classification? Are any alternative classification(s) available? If so‚ (1) how do Bruce and Bob elect the alternative classification(s) and (2) what are the tax consequences of doing so? If Bruce and Bob are the only owners by default they will be billed as if they were a partnership. If they chose to‚ they could be taxed as an S Corp. The choice between the two is based on their expected income
Premium Taxation in the United States Tax Asset
Case Study Two Name Accounting and Finance 02Feb2011 Dear President of LJB Company‚ (1) If the LJB Company should decide to become a publicly traded company‚ a few internal controls should be implemented to comply with the Sarbanes-Oxley Act (SOX). * Management will need to provide periodic quarterly reports to evaluate the effectiveness and reliability of LJB’s internal controls over financial reporting procedures. * Management should certify the accuracy and fairness of presentation
Premium Internal control Sarbanes–Oxley Act Cash
Case Study 2 - Sweats Galore ACCT 3121- Fall 2013 Due: Dec 4‚ 2013 The Business Situation After graduating with a degree in business from Eastern University in Campus Town‚ USA‚ Michael Woods realized that he wanted to remain in Campus Town. After a number of unsuccessful attempts at getting a job in his discipline‚ Michael decided to go into business for himself. In thinking about his business venture‚ Michael determined that he had four criteria for the new business: 1. He wanted to do something
Premium Balance sheet Revenue Liability
CHAPTER 2: DATA WAREHOUSING Objectives: After completing this chapter‚ you should be able to: 1. Understand the basic definitions and concepts of data warehouses 2. Understand data warehousing architectures 3. Describe the processes used in developing and managing data warehouses 4. Explain data warehousing operations 5. Explain the role of data warehouses in decision support 6. Explain data integration and the extraction‚ transformation‚ and load (ETL) processes 7. Describe real-time (active) data
Premium Management Project management Database management system
Facebook Addiction The newest social networking site‚ Facebook has opened up an exciting online world that has enabled millions of people around the world to connect with each other. Facebook provides its members a way to make new friends‚ keep in touch with current friends‚ and find old friends and family anywhere in the world without ever having to leave their home. Since its introduction to the public in 2005 Facebook has experienced phenomenal growth and has become the world’s most popular
Premium Social network service Facebook Addiction
Synopsis: The youthful motivated Tricia Monet employed by Personal Reflections a retail store is excited about her new career. She possessed no supervisory or managerial experience prior to her employment with the retail industry except for the two week training provided by the company for new assistant store directors. Suddenly promoted from assistant store director to store director in the retail store she was employed in due to an unforeseen staff shortage. The retailer district manager hired three
Premium Retailing Management
CFA STUDY STRATEGY v.2 Difficulty of Material/Exams Series CFA Level I CFA Level II CFA Level III *Lowest Difficulty **Second Highest Difficulty ***Highest Difficulty Difficulty of Material ** *** * Difficulty of Exam * ** *** *Quality of Study Material (Text) Source CFAI Curriculum SchweserNotes Stalla Notes *Quality of Supplementary Material Source Schweser Seminar Slide Workbook Schweser Mindmaps Schweser Secret Sauce Schweser’s Quicksheet Quality of Study Questions Source CFAI Curriculum
Premium
Definition of Facebook Facebook is a popular free social networking website that allows registered users to create profiles‚ upload photos and video‚ send messages and keep in touch with friends‚ family and colleagues. http://whatis.techtarget.com/definition/facebook.html Likewise‚ Facebook defined as a social network service and website launched in February 2004 that is operated and privately owned by Facebook‚ Inc. As of January 2011‚ Facebook has more than 600 million active users. Users may
Premium Facebook
Chapter 3‚ Problems/Exercises‚ Questions 2 and 4. 2. What are some sources of risk in a systems analysis and design project‚ and how does a project manager cope with risk during the stages of project management? A project manager should do a risk assessment for any project before starting. During this stage the project manager should identify uncertainties‚ analyze risks‚ and prioritize risks. Every project will have some form of risk‚ it could be the weather‚ lead person changing jobs‚ a new
Premium Net present value Project management
12/4/12 Friendship and Facebook Facebook started out as a simple social networking site‚ and has now grown to be one of the biggest companies in the world. One would typically join the site to be social with others‚ but it seems like it is almost distancing people from one another. Facebook users tend to have hundreds of friends‚ but how many of those can actually be considered real friends? The meaning of friendship seems to be forgotten when it comes to Facebook. Facebook is affecting friendship
Premium Facebook Friendship Interpersonal relationship