Per capita income

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…

Earnings and Comprehensive Income Net earnings and comprehensive income are composed of different components. Comprehensive income is a change in equity of an entity during a period from transactions and other events and circumstances from non-owner sources (Kieso et al., 53). However, net earnings are calculated with the sum all of revenues minus all the expenses incurred. Net earnings are the financial gain or loss a business made in a period, whereas comprehensive income is the change in…

Google reported a net income of $16 billion in 2015. In addition, the company also reports four major revenue segments are the Google website, AdSense Google Network, total advertising technologies and other revenues. In Google’s statement of cash flow, it stated that Google generated $26 billion dollars of cash in from its operations in 2015 compared to $18.7 billion that the company generated in 2014. This increase can be attributed primarily to the growing number…

Vietnam ranked 55th worldwide in GDP by World Bank in 2014. It is predicted to flatten in 2015 and start to pick up in 2016. As for the GDP Per Capita PPP, Vietnam is expected to increase from 5124.65 USD in 2014 to 5370.14 USD in 2015. The GDP per Capita, when adjusted by Purchasing Power Parity is equivalent to 30% of the world 's average. GDP per capita PPP in Vietnam averaged 3146.78 USD from 1990 until 2014, reaching a highest of 5370.14 USD in 2014 and lowest of 1501.14 USD in 1990.…

In 2016, Charles Murray published an essay in the Wall Street Journal, in which he argues for the implement of a UBI, or universal basic income. Murray explains that implementing a UBI will only work efficiently if all welfare programs are taken away. He argues that doing this, every citizen will be forced to take care of themselves. Murray continues on to examine the effects on the workforce by explaining that “[i]t also could provide an invaluable benefit: injecting new resources and new…

Income Inequality in America Holding the seventh spot among all nations, America is one of the richest, and most diverse countries in the world, with a per capita of $51,248.21 as of 2013. Although being among the wealthiest nations, America still faces a huge significant problem of income inequality, which is considered one of the biggest problems facing its citizens. The nation is more likely to be ruled by richest one percent over the coming decades, as indicated by various expert…

It is 2032 and a guaranteed universal basic income has been in place for about 5 years now. My dad is a doctor and went through 2 medical residencies to get where he is now. He has been in school for as long as I can remember, working hard, studying so much my family barely saw him, he even had to work two jobs when he was in residency so that our family could live comfortably. 6 years ago, all of my dad’s dedication and hard work paid off. He opened his own practice! Back then, we all thought…

the competitiveness of United States corporations and decrease the number of American jobs being outsourced. It will be easier for people who make a small amount of money to get out of poverty due to only having to pay a 1% income tax because of trump’s income tax plan. His income tax plan will also increase the wealth of all americans because of the lower tax…

In the endeavor of increasing income equality, multiple laws, regulations and tax credits have been effectuated. For a period of three decades, economists have advocated the use of a tax system for this purpose. For example, transferring the responsibility to a tax system such as Earned Income Tax Credit (EITC) has been proven to be more efficient than other methods, such as the welfare system. The welfare system has not been completely transferred to a more efficient tax system due to political…