Net income

The use of accounting in the business field to measure an entity in many aspects regarding financial information is crucial in modern day. Tracking how a business obtain, spends, and invest their financial assets are key indicators for not only external users such as investors and creditors, but internal users such as management departments. To plan for future endeavors, one must understand their present capabilities. Through extensive research, we can establish why cost accounting is important…

Submitted by: Hina Iftikhar Registration number: 1784212 Course Title: Cost and Financial Management for Project Management (Assignment 1) Name of Instructor: Dr. Muhammad Naveed Submitted on: 21/09/2017 Section: MPM 1C 1. Briefly, explain following; o The economic resources which are claimed by a corporation, company or business are known as an asset. o Liability is a commitment emerging from past occasions, the settlement of which may bring about the exchange or…

How to become a financial advisor? General description of the job A financial advisor assists clients with their financial matters such as finding insurance options, retirement planning, and investment strategies. Financial advisors have a thorough understanding of banking procedures and policies, stock market regulations, and insurance policies. To become a financial advisor, one should enjoy managing money and working directly with clients. A financial advisor is responsible for meeting with…

These assets won't be at risk in case your LLC faces bankruptcy or lawsuits. Profits and losses can get passed through to your personal income without facing corporate taxes. However, members of an LLC are considered self-employed and must pay self-employment tax contributions towards Medicare and Social Security. LLCs can have a limited life in many states. When a member joins or leaves…

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…

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…