Income gender gap

reports. There are quite a few differences between government and for-profit business accounting. One of these is the main goal for accounting for each. A typical business’s main goal is to earn a profit. Financial statements expand on net income because net income is a measure of…

be further examined due to unfairness on the behalf of the company’s decision. Your letter was approximately four pages long with an attachment of supporting documents to corroborate your claims. One claim made in the letter is that one’s salary or income should not commensurate whether an individual should be a recipient of the products offered by our company. Rather, one’s actual…

ConocoPhillips Is Making the Wrong Move ConocoPhillips’ (COP) financials clearly indicate the weakness that the company is seeing in its business. For instance, in the second quarter of 2015, ConocoPhillips had reported a net loss of $179 million i.e. minus $0.15 per share as compared to positive earnings of $2.1 billion, or $1.67 per share in last year’s second quarter. Post adjustment for some items like deferred tax due to amendments in Canadian tax laws and non-cash impairments, the…

Hello! My name is Grace Ferguson. I am a freshman at Monroe Township High School in New Jersey. Currently, I am studying the works of Machiavelli. With the new tax reform that is being proposed, I believe your leadership can benefit from the advice stated in The Prince, particularly chapter sixteen where Machiavelli talks about liberality. Once you become concerned with your liberality, the people of the United States of America will admire you more. Learning how to balance liberality and your…

Because there are a number of ways that a company could manipulate inventory numbers to misstate the final account balance, auditors must be diligent to prevent fraud or human error. A misstatement in inventory can have two effects: increase the value of the account and thus the company; and, increase cost of goods sold and thus increase revenue. One of the most important jobs for an auditor is to inspect the physical inventory itself. This tests two key assertions: existence and accuracy. The…

becomes more complex, the requirement for organizations to produce both timely and accurate data is essential (Subramanyam, 2014). More specifically, analysts, investors, and creditors alike rely on figures from statements such as balance sheets, income statements, and statement of cash flows in an attempt to conduct both accounting and financial analysis (Subramanyam, 2014). Additionally, analysts also must take into account their evaluations regarding economic, sector, and industry trends in…

Universal Basic income has direct impacts of several principles of Catholic Social Teaching and its potential to impact the social good. Intimate involvement with core values associated with the social good and individual responsibilities are prerequisite to understanding the impetus behind establishing a UBI. While further analysis is needed before it can be equated with increasing the common good of mankind, it does have several aspects that are aimed at improving the well-being of all,…

exploitation of the capital gains laws. The tax rate for capital gains and dividends (which is money made from investments and property) is a comparatively low 23.8%. There are a variety of tricks that the super wealthy use to make as much of their income as possible qualify for this lower rate, allowing them to collectively save hundreds of billions of dollars every year. It’s not just big-government liberals saying this. Steve Forbes, a proponent of the flat tax, agrees that the complexity of…

1. For October 2, 2011 on the Fiscal 2011 Annual Report of account receivable was noted at $386.5 million and for October 3, 2010 is $302.7 million. 2. Using their past historical experience, the customer credit risk and an applying the specific identification method is how Starbucks’ allowance for doubtful accounts is computed. The allowance for doubtful accounts for Starbucks reported at year of October 2, 2011 and October 3, 2010 was both reported at $3.3 million. 3. The acid- test ratio…

Interview an Accountant For this assignment, I was able to get in contact with a high school friend of mine that was an outstanding student athlete. The reason for reaching out to him was to follow up with a person I knew had a bright future and broke the sigma of the athlete stereotype when it comes to academics. Marcus Law works as a Business Account Manager (entertainment industry) for Chapnick Smukler & Chapnick in Encino, CA. He has worked in the position for a bit over 2 years.…