Capital asset

Rite Aid Corporation’s debt also includes 9.375% senior notes. The face value of these notes is $410,000. The current carrying value is $405,951. Carrying value or book value is the face value plus any premiums or minus any discounts. Thus, the difference between the face value and carrying value for these notes is due to an unamortized discount of $4,049. The cash interest payment on these notes during fiscal 2009 equals $38,438, and this number can be calculated by taking the face value of…

For this tax research assignment the “12-month rule” in the accrual basis of accounting is applicable to this problem. The “12-month rule” states that taxpayers are not required to capitalize an expense if it is paid or incurred to create a right or benefit that does not extend beyond the earlier of 12 months after the first date of the right or benefit or the end of the tax year following the tax year in which the expense was paid or incurred. Basically if you have paid or incurred an expense…

Overview Statement of Focus Financial exploitation occurs when a person misuses or takes the assets of a vulnerable adult for his/her own personal benefit. This frequently occurs without the explicit knowledge or consent of a senior or disabled adult, depriving him/her of vital financial resources for his/her personal needs (Elder Financial Exploitation, 2016). Elder financial abuse is a rising threat which has the ability to affect numerous older adults across the nation. Research states that…

is dependable. The objective of inward controls is to make business hones that fill in as "governing rules" on staff (and now and then board individuals) or outside sellers keeping in mind the end goal to decrease the danger of misappropriation of assets/resources. As indicated by Weikart et. al (2013) underscores that charities associations must give shields to all property, regardless of whether money or different resources, and guarantee that it is utilized exclusively for approved purposes.…

This report provides an analysis and evaluation regarding Dorsey Landscape Inc. The included information can be located in the financial statements. This report is being made to discuss the profitability advantages and disadvantages of Dorsey Landscape Inc. Dorsey Landscape Inc. is a residential lawn care service targeting both middle-class and upper- class homes to do anything from basic lawn mowing to gardening needs. There are currently two local contracts with Preston Hill B &B and Grace’s…

Two of J. Crew’s major and growing competitors are Gap and Banana Republic. Banana Republic, Gap, and J.Crew share several similarities, in that they have similar design aesthetics, target markets and store atmospheres/locations. Banana Republic focuses on a trendy take on work basics. Gap focuses on a classic American style with a trendy twist. J.Crew focuses on classic designs and a simple, clean style. The main point of difference between all of the brands is their perceived quality and the…

among several others. Prudence The prudence convention states that caution should be exercised when making professional judgements in accounting estimates. Prudence requires the accountant to exercise caution in their estimates so that income and or asset prices are not overstated and also that expenses are not underestimated. There is a danger that management in an organisation…

Fees collected from subscribers, combined with the raising of capital is the reason Netflix is able to afford licensing agreements with the owners of the shows and movies. An example of how much Netflix spends on content is the Disney deal. Netflix spend 200 million dollars in 2011 for the access of Disney movies and…

The following are my raw scores and percentile rankings from Oliver’s (2015) Big Five Inventory survey. My raw open-mindedness (i.e. openness) score is 1.00, and shows a higher ranking than 98% of other participants that have taken the survey, which indicates I tend to enjoy new experiences and viewing situations or problems from multiple perspectives. My raw score for conscientiousness is 0.96, and places higher than 99% of previous participants, which overall suggests I am well-organized and…

You asked the following question: “Section 8.15.1.1 Concealed Spaces requiring sprinkler protection. Concealed spaces of exposed combustible construction shall be protected by sprinklers except in concealed spaces where sprinklers are not required to be installed by 8.15.1.2.5 (We have protected the exposed combustible wood joist concealed areas as noted on our plan) concealed spaces formed by ceilings attached directly to or within 6 in. of wood joist or similar solid member construction shall…