Gross national income

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…

the Department of Defense, BAH has relatively stable financial health. The Form 10-K reported a 3.9% decrease in revenue, balanced with a decrease in in expenses, which resulted in an overall increase of .02% for net income in 2015. This is significantly lower than the 6% net income change from 2013 to 2014. The stock values are higher than they were in 2014, and the return on stocks has shown a relatively stable gain since 2010. Of concern is that assets are not much more than equity, and…

benefits and operating expenses of the program. If there is expenses or increments not needed they are automatically invested in interest-bearing securities. These interest-bearing securities are guaranteed by the U.S. Government. The income from trusts fund income includes all amounts that…

lower classes who are paying more taxes. Income taxes that all individuals pay are regressive, which basically means the more income one makes, the lower the proportion of their income they have to pay; so it is the individuals of the lower and middle classes who are bearing the brunt of the stick. To top this off those who make money find little loopholes to avoid giving back even more of their earnings. Those who are able to will acquire their income by capital gains, instead of salaries;…

What is Gross Domestic Product (GDP)? It is defined as, ‘The value of a country’s overall output of goods and services at market prices, excluding net income from abroad.’ There are three ways it can be estimated, expenditure basis-the amount of money spent, output basis-the amount of goods and services sold, and income basis-the amount of money earned. The estimates are published on a quarterly basis. (GDP 2016) The most common way the gross domestic product is expressed, as a comparison to…

The income statement has grown profusely throughout the duration of the game. The five fiscal periods concluded with a total of $---. In contrast to the first fiscal period being $-18, within the first day, there were some struggles resulting in a negative income. Despite this, the second fiscal period the net income grew slightly to $115, from the previous day of a $133 increase. The rise was from some revenue in rent and go, but expenses from other opponents brought it down. While the second…

Substantive analytical procedures related to consolidation policy Based on the preliminary analytical procedures about ratios and account balances, I found some risk areas and great changes from 2013 to 2014 in financial statements such as the net income, investments in unconsolidated businesses, cash and cash equivalents, contributed capital, and non-controlling interests. After the review of the 10-k form, I found that the consideration paid for acquisition of Verizon Wireless was primarily…