Why not is Entrepreneurship growing rapidly in America? Entrepreneurship is a business decision. You take as a risk about setting out on your own to pursue a business or career from the bottom. With little to no help or money, only thing you’re going off of is a dream and wish. It has been defined that entrepreneurship is the capacity and willingness to develop, organize, franchise to manage a business venture along with any of its risks in order to make a profit. According to Jordan Weissman…
Where is Business Credit Reported? Written by Janet Gershen-Siegel As a small business owner, you've got a million things to do each day, even before you get up in the morning. Evaluating your business credit scores seems like it would be the last thing on your mind, behind everything from making shipments to handling payroll to hiring new workers. But you should not just let your business credit scores slide. By keeping on top of your business credit scores, you can get better credit terms or…
Yesterday, the New York Times reported Donald Trump may have paid no federal income tax for nearly two decades. Leaked excerpts of Trump’s 1995 tax returns showed huge losses that the real estate mogul could have used to offset other income and zero out his income tax liability for many years. Donald Trump may have paid no federal income tax for nearly two decades. The Times published one page from each of Trump’s 1995 New York, New Jersey and Connecticut personal tax returns in which Trump…
For this assignment, I contacted my uncle, Jeff Watson, who is a financial analyst for a software company and is also a new owner of a small real estate business named Hemlock Homes. For this assignment, I got insight as to how he uses accounting information as a small business owner. In his daily job, Mr. Watson uses income statements, balance sheets, and cash flow reports in order to evaluate the progress of his company. When looking at these financial statements, he is able to regulate…
Column A. This column is the monthly premium amount for the policy in which Jeff enrolled. Column B. This column is the monthly premium amount for the Second Lowest Cost Silver Plan (SLCSP) that the Marketplace has determined applies to members of Jeff’s family enrolled in the coverage. The premium for the applicable SLCSP is used to compute his monthly advance credit payments and the premium tax credit Jeff claims on his return. Note that in order to calculate his subsidy amount correctly,…
Fitbit Inc. (FIT) Information Technology - Electronic Equipment, instruments | Reports February 22, After Market Closes Key Takeaways: The Estimize consensus is calling for EPS of $0.28 and revenue of $656.69 million, a projected YoY increase of 34% on the bottom line and 77% in sales. Fitness app, FitStar, and the new Fitbit Alta will be key drivers this upcoming earnings report Fitbit’s sound financials and long term growth strategy makes the company an attractive stock What are you…
The reason most of us work is to make money, the second reason we work is to gain retirement. Martocchio (2013) says companies make retirement plans in one of three ways. They are a defined benefit plan, a defined contribution plan, or a hybrid plan. A defined benefit plan is when a company guarantees a certain amount of money to an employee at retirement. This amount is based on a percentage of an employee's pre retirement pay times how many years of service they have with the organization.…
If you've sold assets, made investments, have mutual funds, stocks, or received an inheritence, you'll need to figure out your tax basis when filing your income tax return. Tax basis is also commonly known as cost basis, depending on whom you're dealing with. They are often used interchangeably to mean the same thing. It can be complex because it matters how you came to own the shares or mutual funds. Your tax basis is determined by the amount you use from the investment that is for profit or…
The Chief Financial Officer David Dyck discovered $300-million in expenses were misclassified after he attempted a re-examination of the company’s accounting practices. CEO Dave Robert gained an “individual account” of 185%. When working out the full compensation, his total compensation roughly totalled $3.5 million for the year. After news of accounting irregularities, Penn West Petroleum Ltd. shares falling 17.4% before pulling back. Penn West shares closed at $8.57, down 13.78%, still some…
Optics Project 3D Movies How do 3D movies work? 3D movies work by adding another dimension - depth - to the motion picture Makes the audience feel like being part of the experience We perceive depth and see the world in 3D with binocular vision Binocular Vision - we see things with two eyes that are about two to three inches apart each eye sees from a slightly different perspective our brains then analyzes the differences between these two slightly different images to create a sense of depth,…