1) a. current liability: Money that a business owner must pay to a creditor within 12 months of the balance sheet date is a current liability. Ideally, short-term assets, such as cash and accounts receivable, should more than offset short-term liabilities, such as accounts payable, notes payable and payroll. If they do, the company 's short-term liquidity position is positive, which suggests the company will likely meet its cash-flow needs and remain a going concern. It is wise for a business owner to remain alert to his company 's current liabilities and the cash and assets that will be turned to cash within one year to meet these obligations. 1) b. Long-term liabilities are due more than a year after the balance sheet date.
In this case I will be investing $100 and the assumption is that it will be compounded monthly. Investing that for 5 years earning 5% p.a interest. My interest percent monthly will be 0.05/12, and I would get .0042%. Number of payments that is 12 months times 5 years for the first scenario to get 60 total payments. My payment is as discussed earlier of $100.00 a month.
The Hobby Lobby store filed the case against the Secretary Department of Health and Human Services stating that the contraceptive method doesn’t match their religious faith. In fact, they were requested to pay the insurance fee. For them, they said that paying for contraception under the Affordable Care Act contradict the federal law protecting religious freedom. According to IIT Chicago College of Law (n.d.), the contraception requirement set by the government were against some religious policies.
DMX Arrested on Charges of Tax Evasion Photo Credit: The Boom Box Earl Simmons or more famously known as DMX, was arrested and charged with tax fraud in New York. DMX is a rapper, record producer, and an actor. According to reports, he was alleged to have hidden millions of dollars in his income statement from the Internal Revenue Service. He avoided paying his taxes which amounted to a total of $1.7 million over the past couple of years from 2002 to 2005.
KBR Inc. is a global company that provides Technology & Consulting, Engineering & Construction, and Government Services. They agreed to provide logistics support services during Operation Iraqi Freedom. They are to provide, install, operate, and maintain the dining facility services in Iraq. KBR Inc. argues that the U.S. Government was required to reimburse disputed costs despite its failure to establish that those costs were reasonable. The contract is primarily a cost-plus-award-fee arrangement.
In spite, of national trends, and world change economic variability is inevitable in the market place to no end retailers must be proactive and change with the times to
(1) Share the 5W 's (who, what, where, when, why) This case involves Gavin Grimm, a male student at Gloucester High School who will begin his junior year this fall. He is 16 years old student at Gloucester High School located in Gloucester County, Virginia. A transgender male student sue his school board on discrimination ground because it banned him from the boys’ bathroom. He demanded the district allow her to use the boys’ restroom because she identifies as a male.
On May 17, 1954 the case of Brown v. Board of Education, “declared that segregation in schools of black and white students would no longer be constitutional.” After this law was passed, in 1957 nine African American students enrolled in a predominantly white school in Little Rock, Arkansas. When word got out that, nine students, Melba Pattillo, Ernest Green, Elizabeth Eckford, Minnijean Brown, Terrence Roberts, Carlotta Walls, Jefferson Thomas, Gloria Ray, and Thelma Mothershed were attending Little Rock Central High School, the governor of Arkansas sent the Arkansas National Guard to the school. Many of the students that already attended the school also barricaded the doors so they would not enter the school. The students started “throwing stones, spat on them, shouted and yelled death threats.”
Adoption of e-commerce would also help market Target stores on the internet, an area in which the discount store has really
Canadian Magazines 1) To what extent do you think the U.S.-Canadian magazine dispute was motivated by genuine desires to protect Canadian culture? In determining if the Canadian government was acting to genuinely to protect culture, it is important to be clear on what culture is. The dictionary definition of culture is the beliefs, customs, arts, etc., of a particular society, group, place, or time. (Merriam-Webster)
Best Buy Sound Of Music Inc. was founded by Richard M. Schulze and Gary Smoliak and started out as a home and car stereo store in Minnesota. He later bought out his partner began to expand the business by including appliances and VCRs. He decided to expand because he didn’t want customers that were only teens. He wanted people of all ages to come to his store and buy things. In 1983, he changed the name of the company to Best Buy Co., Inc. because it sounded more appealing to customers and potential customers and opened their first superstore.
By selling online and physical stores at the same time to expand their market, then the revenue of the company will rise. T.A.D. (Sep2014) reported that the online website can gather the consumers' purchase frequency, order history, and consumers' browsing style,
1. Does Zappos effectively focus on stakeholder happiness, and how does this approach affect the ethical culture? At Zappos, Zappos higher goal is to provide happiness. Whether our customers get a new pair of shoes or perfect clothing, as well as in dealing with friendly customer service representatives when the happiness or their employees to become part of the culture.
Analyze Pinterest is a photo sharing web and mobil company, designed to help its users save, or in this case pin, their favorite ideas. Contrary to what some believe, Pinterest is not a social media site; instead, its intended purpose is focused on the users themselves, and not the relationships between them. Ben Silbermann, Pinterest’s CEO, said in an interview with Fortune, that while Pinterest has some social elements, he doesn't view his company as a social network, instead he draws parallels with search engines.
Normally, consumers have unique needs that are not similar all the times. Therefore, the company must develop products that can address the unique concerns of the consumers. Evidently, Apple Inc. has been successful in the creating variety of products. However, pricing of the Apple Inc. products tend to limit the ability of buyers to purchase the products. While the company might justify the price of the products, setting the prices too high limits the ability of the willing buyer to purchase the
