Premium Essay

Mgcr 211 Notes

In: Business and Management

Submitted By llama2006
Words 3631
Pages 15
September 9, 2013

Accounting is the information system which records, summarizes, and reports the underlying economic conditions of an entity. Financial accounting is used to report this information to external parties [managerial accounting is to use this information internally]. Financial statements are management’s report to owners.

3 profit-seeking entities: Sole proprietorship simple to establish, owner controlled Unlimited liability (no legal separation). All profits and losses belong to owner, report income on tax returns. Business ends if owner dies, can sell it. Easy and inexpensive to operate. No reporting requirements. Partnership simple to establish, shared control, broader skills and resources Two or more owner-managers. Want a formal agreement covering $ contributions, workload, withdrawals, decision-making. Each partner’s net income reported on his or her personal tax form. No tax advantage. General Partners: have unlimited liability (person A and B legally connected). Limited Partners: limited involvement, limited liability (LLP at the end of the name). Ends if the partners die or dissolve it, can try to sell your portion. Corporation Easier to transfer ownership, easier to attract investors, no personal liability, tax advantages possible. Separate legal entity from owners. Owners called shareholders. Limited liability. Can only lose investment, not personal assets. Taxed separately from owners: corporate income tax. Tax deferral if income not paid out but double taxation. Indefinite life: owners can sell their shares, doesn’t affect operations. Most complex (and expensive) to operate: More regulations, but easier to raise additional capital.
Corporate Organization: Slide 8.

IPO (initial public offer): when public company first offers shares. Shares bought on…...

Similar Documents

Free Essay

Notes

...between people in our rapidly advancing generation. In Paul Dooley and Winnie Holzman’s play Post-Its (Notes on a Marriage), we watch as two young people who are in love and newly married, begin to leave each other post its notes when they have no time for communication with one another. The author successfully tells an amazing love story using a unique means of communication. According to Anne Maydan Nicotera, “communication is critical to inter-personal relationships” (Nicotera). The notes vary from topics such as one not wanting to wake the other as they leave early for work, for tasks that need to be completed throughout the day. The audience, through the reading of the post- its notes views the couple’s life as it goes through the early stages of a relationship, to having a child, to a downhill slide of their relationship, the steady reconstruction of a marriage, and eventually it goes on until one of the two passes on. By leaving these post-its notes, the unnamed couple manages to have a basis of communication upon which they both are able to agree upon. They manage to find a convenient and effective way to convey what they need to say to one another through post-its notes, and even though things get rough, and arguments ensue, they find their strength and return to one another. Their relationship is refound with a clean slate, and although there are occasional spats in the notes, the audience can see that their relationship is much easier once they settled their......

Words: 1316 - Pages: 6

Free Essay

Nur 211 Culture Paper

...“The Irish of America” ID: 0232713 NUR 211 Days April 2012 Irish 1 A. SG, is a beautiful 26 year old female born to a loving family with parents whom have been supporting her since birth. Tragically at birth, SG was deprived of oxygen during a difficult labor in which she suffered great brain anoxia, resulting in cerebral palsy. Due to her diagnosis, cerebral palsy has left SG with very little to hardly any muscle tone, movement and motor skills. From newborn to 21 years of age, SG’s parents provided all services of care through their home and acquired special schooling through their hometown. As with SG’s heritage background, the Irish when struck with a crisis involving disability are always compassionate. Especially, when family is involved, they are willing to care for a disabled person at home as did SG’s parents. Lipson and Dibble states that, “The Irish also view illness and disability as human fate which involves suffering, bearing the natural consequence of living and of God’s will.” (p. 286) Although today many Irish view disability and illness as a result of natural causes. As Americans, Nicole Webster (2010) expresses, “The trend is that American society is a culture that is less than accepting of disabilities, and thus the lifestyles of those......

Words: 2154 - Pages: 9

Free Essay

Math 211

...Math 211 Corazon J. Lullegao MAEd-Mathematics July 27, 2013 JOURNAL 1 Why Teach Mathematics? Mathematics plays an important role to real life. As one saying goes “Life started from erection to resurrection “. The quotation simply implies that life started when God planned someone to have life until He want it back to Him. Mathematics evolves with life. When life exists, math also starts. This the reason why we should teach mathematics. As the couple live together, they may plan to have or not to have yet a child. Taking into consideration their biological capabilities of having a child. They may also opt to have a male or a female offspring by natural method. This plan can be realize through natural family planning. We know the fact that this natural method is the safe method and relates to a woman’s fertility. According to one recent study, if the conception happened before the peak of the fertility of a woman, there is a big chance of having a baby boy while if the conception is after the peak of fertility, expect for a baby girl. Looking back into the phenomena, mathematics is very much involved. As the baby meets the world, parents look into the baby’s physical and health development. As the baby starts to utter words, parents were excited to let the child say one, two and many more. The parents at home start teaching the child to reason out, learn to count and learn some basic skills to deal with life. In school,...

Words: 504 - Pages: 3

Free Essay

Note

...next semester; I think you didn’t know how to sing when the note is really high. And the teacher will help you about this, and your chin always up when you sing but you never realized that.” So at the very beginning of this semester I changed a class to this class, and want to improve my singing skill. And just like my mother said that I can’t put my chin down when I was singing. And professor also pointed out this problem. And my facial expression was not very rich when I was singing, that seems like that I didn’t put myself in to that song. Just like a mission to complete. I worked on the chin problem and also the sight singing. Fortunately, the experience of playing the piano made me identify the tone accurate. And I don’t have to spend much time on working this. Therefore, I work hard on controlling my chin, and I still can’t adapt it at the very beginning. But through my hard working I can really handle it now. And as for sight singing, during this semester, I often singing before a mirror and practice my facial expression. And it was working. Now I think my facial expression is much better than before. And there is another point, when there was a really high note that I can’t reach it by my voice before. However, during this semester, I learned how to use my throat to reach that high note. Although I can’t describe how to do this in English, I really felt that was really changed. I can reach some really high note now. Time passed really fast, and this semester will......

Words: 540 - Pages: 3

Free Essay

Notes for Notes

...Pro, Setup Assistant starts. Setup Assistant helps you specify your Wi-Fi network, set up a user account, and transfer information from another Mac or PC. You can also transfer information from a Time Machine backup or other disk. If you’re migrating from another Mac, you might have to update software if the other Mac doesn’t have Mac OS X version 10.5.3 or later installed. To migrate from a PC, download the Migration Assistant from www.apple.com/migrate-to-mac, and install it on the PC you want to migrate from. After you start Setup Assistant on your MacBook Pro, you can leave it midprocess without quitting, move to the other computer if you need to update its software, and then return to your MacBook Pro to complete the setup. Note:  If you don’t use Setup Assistant to transfer information when you first start up your MacBook Pro, you can do it later using Migration Assistant. Open Migration Assistant in the Utilities folder in Launchpad. For help using Migration Assistant, open Help Center and search for “Migration Assistant.” Chapter 1 Ready, Set Up, Go 13 To set up your MacBook Pro: 1 In Setup Assistant, follow the onscreen instructions until you get to the “Transfer Information to This Mac” screen. 2 Do a basic setup, a setup with migration, or transfer information from a Time Machine backup or other disk: Â To do a basic......

Words: 13874 - Pages: 56

Premium Essay

Math 211 Course Syllabus

...math 211 course syllabus [pic] College of Natural Sciences Course Syllabus MTH/211 Version 1 Quantitative Reasoning CV12FS05 Copyright Copyright © 2011 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. Course Description This applications-driven course prepares students to critically analyze and solve problems using quantitative reasoning. Students will learn the importance of mathematics and its value to society. Applications to real-world situations are emphasized throughout the course including economics, finance, and statistics. Course Topics & Objectives Week One: Numerical Reasoning: Organizing Data • Interpret information depicted in charts and graphs. ...

Words: 2343 - Pages: 10

Free Essay

Note

...Notes : In the poem, as well as the movie, the two major female characters are Wealthow and Grendel's mother. Unlike the movie, neither of these characters have large roles in the poem. Both play their part but are described very little. Wealthow is often only called the "gold-ringed queen" and only exists to play "a noble woman who knew what was right" (Raffel, 31). Despite her noble status, Wealthow holds her tongue and is only mentioned when she serves Beowulf and his soldiers mead from a jeweled cup. Grendel's mother, on the other hand, plays a slightly bigger role, but only as an evil idenity. Her name is never revealed and she is only known as Grendel's mother, signifying that the male defines the female. Additionally, Grendel's mother is the only female character that poses a threat to Beowulf and his men. Unfortunately, she is portrayed as a "mighty water witch", insinuating that any woman who defied an man was evil and wicked (Raffel, 41). These two female characters demonstrate the Anglo-Saxon ideas that women should be figures rather than hold any real power. Notes how women have become stronger forces in the world, yet are still held back by men. In the movie, Grendel's mother is shown to be little more than a sex object in the eyes of men, which actual allows her to hold power over them. She is able to seduce Hrothgar and Beowulf, creating sons for her evil to live on through. These monsters eventually attack the men as the repercussions of the "sins of the......

Words: 1298 - Pages: 6

Premium Essay

Acc 211

...ACC-211-IS Test #2 Pr. 1 Part (a) Future value of $40,000 compounded @ 10% for 6 years $40,000 x 1.77156 = $70,862.40 Part (b) Present value of a $60,000 ordinary annuity discounted @ 8% for 20 years $60,000 x 9.81815 = $589,089 Part (c) Alternative 1: Present value of $1,750 discounted @ 8% for 2 years $1,750 x .85734 = $1,500.35 Present value of $700 now = $700 Present value of alternative 1 = $1,500.35 + $700 = $2,200.35 Alternative 2: Present value of $2,800 discounted @ 8% for 3 years $2,800 x .79383 = $2,222.72 I would choose Alternative 1 because it would cost Judy Thomas less. Pr. 2 Leong Corporation | Balance Sheet | December 31, 2014 | Assets | Current assets | | | | Cash | | $45,000 | | Accounts receivable | | 102,000 | | Supplies | | 1,860 | | Prepaid advertising | | 5,000 | | Total current assets | | | $153,860 | Property, plant, and equipment | | | | Land | | 137,320 | | Buildings | $80,400 | | | Accumulated depreciation - bld. | (15,000) | 65,400 | | Equipment | 60,000 | | | Accumulated depreciation - equip. | (10,000) | 50,000 | | Total property, plant, and equipment | | | 252,720 | Total assets | | | $406,580 | | | | | Liabilities & Stockholders' Equity | Current liabilities | | | | Notes payable | | $29,400 | | Income taxes payable | | 3,000 ...

Words: 550 - Pages: 3

Premium Essay

Afm 211 Class

...Week | Pre-class Preparation | Two-Hour Class (Tues. or Wed.) | Thursdays @AFM 211 | May 5 – 9 | * Watch video: “Business Model Canvas Explained,” available @ http://www.youtube.com/watch?v=QoAOzMTLP5s * Download and skim pages 14 – 41 of: Business Model Generation, “72-Page Preview,” Alexander Osterwalder & Yves Pigneur, 2010. Available @ http://www.businessmodelgeneration.com/downloads/businessmodelgeneration_preview.pdf | Operating and Investing Decisions: Business Model Canvas Building Blocks | May 8th Lecture AL 116 [6:00 – 6:50PM]Topic: Why AFM 211? Why Week 3 exam? | May 12 – 16 | * Read: Strategy and Your Stronger Hand,” Geoffrey A. Moore, Harvard Business Review, December 2005. Available for free through UW library’s Business Source Complete electronic database. See LEARN for instructions. * Read: “Assessing a Company’s Future Financial Health,” Thomas Piper, Harvard Business School, May 2012. Available in AFM 211 Courseware Package; AND, * Complete ratio analysis for SciTronics in “Assessing a Company’s Future Financial Health” on pages 6-10 and use that analysis to answer questions 1 and 3 framed as “broad questions” at the top of page 6. * Try the “Case of the Unidentified Industries” in “Assessing a Company’s Future Financial Health” on page 11 and Exhibit 3. | Operating and Investing Decisions: Value Chain, Profit Model, and Profit Driver Analysis | May 15th Lecture AL 116 [6:00 – 6:50PM]Topic: Relevant – It Depends. On what? | ...

Words: 956 - Pages: 4

Premium Essay

Notes

...Chapter 2 Notes: 2.1: Concept: programs must be carefully designed before they are written. During the design process, programmers use tools such as pseudo code and flowcharts to create models of programs. Key terms: Logic Error: A mistake that does not prevent the programming from running, but it causes incorrect results. Debugging: finding and correcting the code that caused the error. Program Development Cycle: the process of creating, debugging, and possibly changing the original program. The steps are as follows: Design the program write the code correct syntax errors test the executable code Debug the code Repeat necessary Customer: The person, group or organization that is asking you to write a program Software Requirement: A single function that the program must perform in order to satisfy the customer Algorithm: A set of well-defined logical steps that must be taken to perform a task. It must be translated into code before it can be given to the computer. Pseudo code: “Fake Code” used to model programs Flow charts: Diagrams that that graphically depicts the steps the steps that take place in a program. There are three types of symbols in a flow chart: 1. Ovals (Appear at the top and bottom of a flow chart, and are also referred to as terminal symbols. The start terminal symbol marks the program’s starting point and the end terminal symbols marks the program’s ending point) 2. Parallelogram (Used for both input and output......

Words: 384 - Pages: 2

Premium Essay

Notes

...data of participants which shows in Table 1. Out of 80 participants 52 were male and 28 were female. Regarding the age of participants, the majority age of participant stood at 36-45 years old (55 participants, 69 per cent). Insert Table 1 Regarding experience, least number of participants had lee than 5 years experience (14 per cent); majority of participants had experience between 6-10 years (60 per cent of participants. With reference to educational background in Table 1, 55 per cent of participants had got B.S and associate diploma and master holders stood equal. The field of the study of participants was another interesting area in this study. As table 1 showed 40 per cent of participants had management field. In is very interesting to note that majority of participants (managers) had field of science and the least per cent of participants had humanities field. Result analyses In order to giving correct answers to research questions, the hypotheses of the study are tested in Table 2. Regarding to the first hypothesis as table showed the null hypothesis strongly rejected and H 1 is accepted. In other words, from managers’ viewpoint training with 95% confidence level can increase creativity. Testing results of the second hypothesis With regard to above table the second hypothesis is also accepted and null hypothesis is rejected. So according to these results it can say from managers’ view point, training with 95% confidence level can effect on economic accord with company......

Words: 3734 - Pages: 15

Free Essay

The Note

...The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note. The note....

Words: 271 - Pages: 2

Free Essay

Cjs 211

...Acts of Civil Disobedience | Violating the law to change the law | Civil disobedience is the active, professed refusal to obey certain laws, demands, and commands of a government, or of an occupying international power. | | Acts of Civil Disobedience(s) By: Team C CJS/211 - ETHICS IN CRIMINAL JUSTICE Instructor: MELISSA ANDREWJESKI Schedule: 10/27/2015 - 11/30/2015 Campus: ONLINE MAIN Group ID: BSHB1IZ706 Over 160 Arrested in Ongoing Civil Disobedience against Keystone XL Tar Sands Oil Pipeline. Fifty-two environmental activists were arrested Monday in front of the White House as part of an ongoing protest calling on the Obama administration to reject a permit for the 1,700-mile Keystone XL pipeline project, which would deliver Canada tar sands oil to refineries in Texas, and rather focus on developing clean energy. An estimated 2,000 people have signed up to hold sit-ins and commit other acts of civil disobedience outside the White House every day for the next two weeks — 162 have already been arrested since Saturday. Also joining the protest are indigenous First Nations communities in Canada and landowners along the Keystone XL pipeline’s planned route. An editorial in Sunday’s New York Times joined in calling on the State Department to reject the pipeline, noting that the extraction of petroleum from the tar sands creates far more greenhouse emissions than conventional production. Meanwhile, oil-industry backers of the project emphasize what they say......

Words: 2096 - Pages: 9

Premium Essay

Bus 211 Empower Learning/ Indigohelp

...BUS 211 Week 1 Individual Assignment Business Models, Systems and Organization For more classes visit www.indigohelp.com Consider a local business whose services you frequently use. What are the main components of this company's business model? Write a 400- to 500-word response in which you do the following: Describe the three components of the business system that comprises the local business you selected. Use Figure 1.2 on p. 11 of Introduction to Business as a reference. Identify the form of business organization that the business currently uses: joint-stock company, limited liability, partnership, or sole proprietorship. Explain the differences between your business's form of organization and the other three forms. Resources: Ch. 1 & 2 of Introduction to Business Format your paper consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. ................................................................................... BUS 211 Week 2 Individual Assignment Profits and Supply and Demand For more classes visit www.indigohelp.com Resource: Ch. 1 of Introduction to Business Consider a fictional business you would be interested in starting. You will be using this same business in other weekly assignments throughout the course. You are seeking financing for your business, and a potential investor has asked you to provide more information. Write a 400- to 500-word response to your potential investor in which you do......

Words: 1124 - Pages: 5

Premium Essay

Notes

...us immediately id he/she fails to receive any reply from us for whatever reasons. Once confirmed, NO CANCELLATION request will be entertained. c) NO CANCELLATION &AMENDMENT allowed. d) Genting Rewards Card members are not entitled to earn rewards Point (RP) for Best Deal package. We wish to inform that the type of room assigned to you is automatically allocated by our system according to the room category you have booked. As such you may get an old or a newly renovated room. Should you have special requests or change of room types, a RM15 surcharge is applicable for each request. A surcharge of RM20 will be imposed for check-in at the front office counter for customers who are eligible for self check-in at the E-Kiosk. On another note, we would like to inform that effective 1st June 2015, a surcharge of RM20 per luggage will be charged for luggage delivery/collection services by the bell counter personnel. RM20 refundable deposit for each trolley is available for self luggage service. Transferability a) The room booking is non-transferable. b) Booking name must be the same person who will be check in. c) The person who made the credit card booking must be the same person who will be checking in. No payment can be made on behalf of another person. Check-in Standard of check-in time 3.00pm (All hotels) Standard or check-out time 12.00pm (All hotels except for First World Hotel) Standard of check-out time 11.00am (First World Hotel only) a) You need to......

Words: 664 - Pages: 3