required to produce a product or service” (Tracy)1. They take risks in order to fill the void between what is available and what consumers want or need. Entrepreneurs create prosperity and growth within the economy “…because it is the entrepreneurial energy‚ creativity and motivation that trigger the production and sale of new products and services” (Tracy)1. These businesspeople help build our economy by creating jobs‚ increasing productivity and partnering with other firms to help reach success. Entrepreneurship
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offensive comedy makes us think about hard topics and restricting humor can mean these topics are not brought to surface‚ but these issues are still there. This argument is often joined with a distain for political correctness. In ‘Moral Licensing: When Feeling Good Frees Us to do Bad’‚ Merritt‚ Efron‚ and Benoit through a series of studies found that being political correct removed moral inhibitions for individuals because of the illusion of goodness it created. It is perhaps the case that we must be presented
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COURSE CODE: ACC325 (ASSIGNMENT) MATRIC NO: 09AA08569 TOPIC: ‘Income tax is one of the major sources of revenue for all government in Nigeria and it is a factor to be recon with in both the state and the Federal Government body….It is an enforced contribution of money enacted pursuant to legislative authority….Analyze the importance and the problems of TAXATION and the way forward in Nigeria………….’ INTRODUCTION Income taxes provide the largest single source of government revenues in most
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Objectives of Firms Introduction to Business Objectives Standard theory assumes that businesses have sufficient information‚ market power and (importantly) motivation to set prices for their products that maximise profits This assumption is now heavily criticised by economists who have studied the organisation and objectives of modern-day corporations. Not only do most businesses frequently move away from pure profit-seeking behaviour‚ many are organised and operated in a way where profit is not the
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Income statement The income statement or the profit and loss account as it is also called measures reports how much profit (wealth) has the business generated over a period of time. To measure profit the total generated revenue over a period must be identified. Revenue is a measure of inflow of economic benefits arising from the operations of the business. These benefits will either result in an increase of assets such as cash or amounts owed to the business by the customers or a decrease
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will help us have all the recent and high technology products to run the spa and satisfy our customers. The products required for the nail treatment would be bought in wholesale to meet the demand of the product and the rest would be according to when they are required. There are many more potential suppliers in Qatar who supply beauty products and who are easily accessible. For example Solez. Produce or subcontract production Classify multiple suppliers and vendors The main supplier which
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world ’s largest home improvement specialty retailer. In 35 years‚ Home Depot operates 2‚257 retail stores in 50 states‚ the District of Columbia‚ Puerto Rico‚ U.S. Virgin Islands‚ Guam‚ Canada‚ and Mexico. The foreign locations (294) generate just 12% of Home Depots’ total revenues. They have engineered entry and expansion into foreign markets through acquisition of smaller retailers and expanded upon their success. The Home Depot‚ Inc. operates as a home improvement retailer. It sells building
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production when the ratio of marginal products (capital to labor) is 12. If not‚ what adjustments are called for to improve the efficiency in resource use? The ratio of prices PK/PL= r/w= 50/5=10 and The capital to labor MPK/MPL= w/r=12 These two ratios are not equal‚ the restaurant should change inputs. To make the ratios equal the restaurant should use more capital and less labor. This tells us that the capital is 12 times as productive and 10 times more costly. Question2 A competitive firm sells
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_ Tran Nam Quan: Blue Bui Minh Tri Quy : Task 1: Which of the following items are income: Rent from a residential rental property rented by a young family? yes‚ ordinary income under sec. 6-5 A birthday gift ? No A dividend from BP? Yes‚ Statutory income under sec.44(1) ITAA 1936 Wages and Salaries from your employer? Yes. Ordinary income under sec 6-5 Bank Interest Received? Yes‚ Ordinary income under sec 6-5(2) Your boss takes you out to dinner? No An allowance paid for your
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When you get your paycheck at the end of the first pay period at a new job‚ it’s always interesting to see your net pay. Most of us expect more than we get. By the time you get your check‚ it has been cut up like a piece of pie‚ with several entities taking a piece of the pie. The entities that take money differ from person to person‚ company to company and state to state. However‚ almost every income earner has to pay federal income tax. An income tax is a tax levied on the financial income of
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