Gross income

Every year, the most important statement the government makes is the approval of their budgets because it reveals in financial terms what their priorities are. A budget is defined as a plan expressed in dollars. It is the use of financial resources to meet the needs of organizations. All police agencies operate within a budget. A budget can also be defined as operating and capital. An operating budget usually covers a 12-month period and is covers salaries, fringe benefits, uniforms, crime scene…

In 1857 “a third son of William, Thomas Shields Bisland purchased Fairfax Plantation, located in St. Mary Parish from Joshua Baker” … the father-in-law of Thomas’ brother, William Alexander Bisland. “Baker, who served a brief term as a military governor of Louisiana in 1868, played an important role in the maintenance of the Bisland plantations during the war.” Scarborough speculates his appointment as a Unionist Governor during Reconstruction helped to keep Hope Farm and Aragon as working…

Background- Positive Confirmations: Before we perform our audit of Simply Soup Inc.’s cash balance, the audit associate examined the bank reconciliation statement established by the client, and the test shown some supports for the management assertions to the cash balances of the company. Although the test shown some support evidences for the cash balances of Simply Soup Inc., it’s more reliable to test support documents from external sources. Therefore, we have to request the cash…

How would you have responded to this question, had it been assigned to you? If this question was assigned to me, I would have chosen to defend the penny because it is too important to American society. Review the documents. Which documents would be helpful in supporting the position you chose? How would you construct your essay to include these documents? Be specific. To support my position, I would choose to use Source A, Source D, Source E, and Source G. I would use Source A to show that some…

The overall attractiveness of the industry is moderate. As a whole, the audio entertainment industry provides hundreds of thousands of jobs directly and indirectly. As a consumer, the attractiveness of this industry is high. The consumer has the ability to choose between the programming of AM/FM, internet, and satellite radio, based on their likes and dislikes, vis-a-vi payed programming versus commercial programming. The attractiveness remains high on the part of the consumer due to their…

mergers and acquisitions to expand the business; however, it has not been successful in maintaining a healthy financial position from a bottom line perspective. Although, the company has shown an increase is revenues in the four-year consolidated income statement (statement of operations exhibit 4), it has failed to generate profits each year since its inception in 2008. In an assessment of Groupon’s financial performance compared to similar corporations, we can observe that Groupon gained…

educating individuals you do not erase income inequality you simply, “... rearrange the individuals within the inequality.” (Toles) An education may help one individual get a better income, but it will never erase income inequality. However, placing higher taxes on the top 1% of Americans could help end income inequality altogether. To begin with, America’s, “... current policy of facilitating wealth inequality through our tax system,” (Toles) has caused a major income inequality between the…

which all income levels pay the same percentage of their income in taxes”, according to (Unit 2 Video Engager). The definition of progressive tax is “one in which those with the highest levels of income pay the highest percentage of their income in taxes”, according to (Unit 2 Video Engager). Sales tax is considered a regressive tax because the cost of essential items for such as food, clothing, and gas make up a high percentage of a poor person’s income. Texas should not adopt an income tax to…

The career that I found interesting was Personal Financial Advisor. Personal Financial Advisors have many different responsibilities, and some of those are giving expert advice on insurance, investments, taxes, retirement planning, and many other tasks. As a Personal Financial Advisor, you need to help analyze the financial situation of the client that wants more information or insight on making good investments. Many of the clients could have some goals, and their advisor will be able to set…

The purpose for finance is to plan for, obtain, and use resources in order to take full advantage of the efficiency and value of a business (Gapenski, 2013). Finance consists of accounting and financial management functions. This includes the handling of routine financial operations, such as negotiating contracts; making cash available for expenses like payroll; and maintaining a cash cushion for the unexpected (Brumley, 2015). The primary users would be the internal users, such as the…