Uncertainty principle

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,…

As a previous post has discussed, non-compete agreements are a contract clause that Texas employers may use to prohibit workers from working for their competitors after leaving their employment. Sometimes, however, issues may arise when employers seek to enforce such covenants. Therefore, it behooves business owners to understand when covenants not to compete are enforceable to help ensure that these clauses are structured appropriately. In general, there are certain requirements that must be…

When talking about personal finance, some of the most commonly asked questions are the definitions and differences among credit, credit report, and credit score. The topic of credit scoring is in fact a very interesting topic. People used to think of credit scoring as something purely associated with the purchase of expensive items, like a new house or a new car. But today, the importance of credit scoring has increased in such a way that it can affect even a person's chances of landing a good…

The General Accepted Accounting Principles (GAAP) requires cash flow activity from blended component units to be presented in the statement of cash flows, however, the statement does not display the cash flow activity of discretely presented component units (Washington State Auditor's Office…

In December of 2015, FullCycle Energy named Sam Tabar as its chief operating officer, according to Private Equity Wire. Tabar is an attorney and financial strategist who has spent years managing the budgets of large institutions and corporations. Prior to signing on with FullCycle Energy, Tabar served as Merrill Lynch’s Bank of America head of capital financing. As head of Capital, Tabar worked would introduce hedge-fund managers to large groups of institutional investors that included…

The financial responsibility of a nonprofit governing board includes its ability to achieve the organization’s mission over time. How does the board and CEO/executive director address each of the following? • Oversight by state and federal regulators; • Identifying and managing financial risk; • Management of finances and fiduciary oversight; • Communicating financial transparency. The Board’s approach: • Oversight by state and federal regulators; When there is an evident oversight in the…

generating profits and increasing equity. Revenue recognition is an accounting principle under generally accepted accounting principles (GAAP) that determines the specific conditions under which revenue is recognized or accounted for. Generally, revenue is recognized only when a specific critical event has occurred and the amount of revenue is measurable. The FASB has accepted that current Generally Accepted Accounting Principles (GAAP) involve complex and disparate revenue recognition…