Financial management is an essential part of a non-profit organization. In the chapter, Worth states that financial management involves analyzing different financial ratios that can help explain trends and the financial health of an organization. (Worth, 2017) Something that stood out to me in the beginning of the chapter was this line from the chapter; “a well-managed organization will strive to achieve diverse revenue sources, both to minimize risk and to maximize autonomy…” I agree with this…
There were many factors that contributed to NFL players losing a large portion of their wealth to financial investors. The NFL players association (NFLPA) provides their players with a list of financial advisors. These advisors pay a membership fee and the league supposedly puts candidates though an extremely intense background check. Unfortunately for many NFL players, they started working with a financial advisor that caused many of them to lose large amounts of money in investments. The…
When I move to college, I realize that I only need a bike, so I sell my truck and gain $10,000 to invest where I want I decide to put $3,000 in a Traditional Bank account, $3,000 in a Treasury Bond, and $4,000 in Stocks. I made sure to diversify my investments between high and low risk investments so that I am able to balance out my chances of getting a positive return on my investments. I chose to put $3,000 in a Traditional Savings Account because this is a low risk account that I can access…
TASK1 1. Constituion of Australia 2. It controls the government of Australia 3. Legislative,executive and judicial power 4. Legislative power writes the law 5. Judicial power and executive checks these new laws. 0 6. Common wealth of federal state Local shire,city,rural city 7. Common wealth government can make financial grants to a state or a territory and specify how the money is spent. 8. State government makes laws that affect most areas of our lives,such as health,education and transport 9.…
Principle #11 from Chapter #3 The Cost of Making Minimum Monthly Payments: Is crucial that this family understands that is crucial to pay the debts as fast as possible. Minimum payments increases the amount of interest payed and delay the debt in years to be extinct. There is no benefits at all in making minimum payments, it only makes the banks receive more money from us. Principle #12 from Chapter #5 Use Credit Wisely: Credit might be beneficial if used wisely, It can be used in emergencies…
I have learned a great deal in Accounting 231. The class started out by reviewing and expanding on financial reporting concepts that I learned in my lower-level accounting classes. I feel like Unit 1 of Accounting 231 is where the income statement, balance sheet, and statement of stockholder’s equity really clicked with me. I feel comfortable with that material now and think it is much easier now than I ever expected it to be. Unit 2 started out with learning the conceptual framework of…
FinCEN Data Management and Investigations within the Financial Crimes Task Force In 2009, The Internal Revenue Service – Criminal Investigations Division (IRS-CI) developed a model for regional task forces. The initiative created the Suspicious Activity Report Review Team (SAR-RT) task force program. The task forces were designed to review FinCEN data for case generation within the task force, and to refer potential case leads to other law enforcement organizations within the particular region.…
Study Question for Module 2: Truth & Disclosure Disclosure of information, although simple and easy to understand to most of the public, seems to always be a tough consideration for businesses and their leaders. Unfortunately, disclosure of information can be very detrimental to what business leaders hold dearest: the bottom line. This adherence to the bottom line, the need to consistently improve results, and the incentives given to executives for maximizing shareholder returns impacts the…
Cohan v. Commissioner of Internal Revenue Issue Gregory Cohan, the plaintiff, petitioned the U.S. Court of Appeals to review the decision of the Board of Tax Appeals regarding how he treated the loan to his partner on his income taxes and the disallowance of his travel expenses associated with his theater business. Facts Gregory Cohan, the taxpayer, was a theatrical manager and producer who was partner with Harris. The earnings were divided amongst the family, each child receiving a quarter…
Project One 8) The variables that were given to me include specific foundation brands (Maybelline, Covergirl, Bare Minerals, etc.,) and the cost of each individual foundation. The qualitative variable in this set was the foundation brand, since they are an attribute rather than a number. The quantitative variable was the cost of each individual foundation, since that variable is a number doing a number's job. 9) The level of measurement for the quantitative variable is ratio. Since the…