Adjusted Gross Income

Competitors: They may use to compare their statements and profitability ratio and can make their strategies to gain more profits. 6. Tax Authorities: to check whether they have follow proper rules and regulation for their income tax returns or not. Discuss the different types of business activities. Three types of Business activities. 1. Operating Activity: operating Activity includes the activity which is going to contribute for manufacturing the product. • Revenue :…

Purpose At the end of my presentation, the audience will favor purchasing entertainment, as opposed to illegally downloading pirated material. Introduction Let’s be honest, we’ve all downloaded a form of pirated entertainment at least once in our lifetimes. It could’ve been your favorite pop album, or a 20 minute TV show you’re enjoying at the moment. But what we fail to realize is how it actively hurts the creators, and everyone involved. Illegally downloaded entertainment hurts many without…

offer up a potential solution: the universal basic income (UBI). This welfare program in its simplest form would see all citizens of any given country receive an intermittent, unconditional payment from the government. One publication in support of the basic income is “Arguing for Basic Income” by Philippe Van Parijs. However, the UBI is not without controversy. Oren Cass of the National Review wrote an article titled “Why a Universal Basic Income Is a Terrible Idea” in which he expresses his…

Peyton approved has chosen to follow the guidelines set by the GAAP and follows the Accrual Basis Accounting method. Transactions will be debited or credited to accounts payable and receivable. At the end of each period all temporary accounts will be adjusted and closed to the proper permanent account. All assets…

Red Horizon Red Horizon is a medium-sized pet food manufacturer headquartered in Chicago, Illinois. Founded by Michael Ladenson, who wanted to give pets owners an all natural pet food product in 1986. Red Horizon manufacturers dry food, wet food, and prescription food made from organic, all natural products, which contain no artificial fillers. The company owns two factories, which produce 10,000 lbs dry food, 1,000 canned wet foods, and 500 canned prescription food daily, and is ranked #1 in…

short-term cash flow issues. The tax giant has consecutively produced positive earning per share (EPS) year over year. HRB garnered a 24.2% increase from 2012-2013. EPS from $1.28 to $1.59, an increase up to $1.67. The 2015 Yearly Report stated an adjusted EPS of 1.75 for the fiscal year. HRB is a steady stock with the potential for growth based on the Earnings per share and E/P ratio. We can also rationalize the before statement by evaluating the Weighted Average Cost Capital (WACC). H&R…

1. What is an operating segment? An operating segment is a management-approach-based segment. According to GAAP, an operating segment is a component of an enterprise that engages in business activities from which it may earn revenues and incur expenses, including intersegment revenues and expenses; whose operating results are regularly reviewed by the enterprise’s CODM; and for which discrete financial information is available (textbook p. 490). 2. What is a reportable segment according to…

Out of the Washington Post, Charles Murray writes A Guaranteed Income for Every American to emphasize that the universal basic income is a great idea for today’s society. Murray claims that if this bill was to be passed then there would be no poverty, such as everyone above the age of 21, upon some certain circumstances would receive a check in the mail every month for just being a citizen. This could solve the issues of people having their jobs lost forcefully, and not being able to provide…

Barnes and Noble is a bookstore that sells trade books, textbooks, magazines, newspapers and other content. Barnes and Noble has a total of 1,361 bookstores currently in operation, 700 of these are college bookstores where students can buy a small selection of what a normal Barnes and Noble retail store would, as well as textbooks from the college and an array of specific college related items. When Leonard Riggio acquired Barnes and Noble, it was one store on a city block in the 1970s and…

Businesses use the accounting to cycle to identify, record, and process any accounting events which may occur during daily business operations and throughout the life of said businesses. Businesses must ensure that all entries recorded are accurately so that one can measure the businesses financial success at a specified time. The purpose of this paper is to discuss in great detail the steps, role, omission, and financially statements of the accounting cycle. There are a total of ten steps…