Strict liability

Now minus the Total Liabilities from the Total Assets When a business gets a negative number they have to increase their income, cut expenses, or borrow money to stay operational. With personal finance, the outcome is the same, except borrowing more money should not be one…

Introduction Budgetary control as mentioned by Buckley and McKenna (1972) comprises of planning, controlling, coordinating and motivation through money value and departments within an organisation. It is a plan but in quantitative terms that lasts about 1 year. It plays an important role in organisation control and mainly shows concern for the control of performance. Using budgetary control in performance management as a more integrative control program for organizations is becoming…

FACTORS: Statement “The Risk Assessment Standards establish standards and provide guidance concerning the auditor’s assessment of the risks of material misstatement in a financial statement audit and the design and performance of audit procedures whose nature, timing, and extent are responsive to the assessed risks.” (Risk Assessment, 2017). An auditor doing a risk assessment would look at materiality, results from previous audits both internal and externa, data sources, among others and the…

Noora Al-salmi MSA-660 6-21-2017 CASE 6‐9 Comprehensive Income Earnings as defined in SFAC No. 5 are consistent with the current operating performance concept of income. Comprehensive income is consistent with the all‐inclusive concept of income. Required: 1. Discuss the current operating performance concept of income. The current operating performance concept is a method that measures the efficiency of a company. The concept measures the effectiveness of the entity's use of its…

Finance Options for my laptop purchase Introduction The purpose of the report is to find two financing options for the purchase of a laptop. The purchase is through Noel Leeming, paying a $300 deposit. The total cost of the laptop and accessories is $1932.95. Finance Option 1 [Westpac] Get a personal loan from Westpac Bank of $1650 Loan detail summary: Loan amount- $1650.00 Interest Rate- 18.95% Loan Term- 1 year Monthly payment- $176.00 Total Payment- $2112.00 Additional Cost- Establishment…

How is comprehensive income different than net income? DEFINITION of 'Comprehensive Income' The change in a company's net assets from nonowner sources over a specified period of time. Comprehensive income is a statement of all income and expenses recognized during that period. The statement includes revenue, finance costs, tax expenses, discontinued operations, profit share and profit/loss. INVESTOPEDIA EXPLAINS 'Comprehensive Income' Companies typically report comprehensive income in a…

As of December 31, 2015, Total Current Assets totaled $553,392,422 and Total Current Liabilities totaled $512,484,472 which resulted in Net Current Assets of $40,907,950. The current ratio as of the same date was 1.08:1. Based on a review of the December 31, 2015 financial statements, First Guaranty Mortgage Corporation’s earnings, lines of…

On the petition of the appellants, we allowed certiorari in this case to review a decision of the 9th Circuit of Appeals Court holding that Article 20 Section 2 of the Arizona state constitution did not violate the Equal Protection Clause of the Fourteenth Amendment to the United States Constitution; and also that it did not violate the Free Exercise Clause of the First Amendment to the United States Constitution, made pertinent to the States by the Fourteenth Amendment. The appellant in this…

Heffron is similar to our case, because both the regulation in Heffron and our ordinance place restrictions on where individuals are permitted to engage in solicitation. In determining the content neutrality of the regulation in Heffron, the court held that the restriction was content-neutral because it was not intended to silence one particular message and was not an attempt to regulate ideas because the regulation applied evenhandedly to all who wished to engage in solicitation, regardless of…

Because of the violation of equal protection strict scrutiny should be used. If this is used, the university could prove that the use of race is a compelling state interest. The university would also have to provide information that using race is the only possible way that their goal of diversity can…