Incompetent Communications Corporation (ICC) operates a large fiber optic network, including voice, data and television programming services, and sells these services as cable package to residential and commercial customers in 31 states. The cable package contains 311 network broadcasts and 299 pay per view movie, sports and content channels. ICC also owns seven television networks. In order to offer more services for customers, ICC purchases broadcast from thirty-parties and pays license fees to them. ICC also runs three production companies to make movies. The first company is located in India and sells original content movies for both ICC itself and other customers. The second company only operates in Orlando, FL; and the movie content mostly …show more content…
All costs paid or incurred for producing a live or delayed television program, including license fees paid to a third-party, are added to the unadjusted depreciable basis; however, the license fees shall exclude from computing the direct labor and overhead. For instance, if a taxpayer incurs $200 ($20 for direct labor, $100 for license fees paid for third-party, $80 for property rental for broadcast) of total costs for a production of broadcast, so the unadjusted depreciable basis as the denominator for the film would $200, and the direct labor and overhead cost as numerator would be $100. Refer to §199, the taxpayer is qualified for computing the safe harbor for film production. While the taxpayer does not incur $80 for property rental, the unadjusted depreciable basis would be $120 and the direct labor would be $20. Based on calculation, the taxpayer does not satisfy the 20 percent requirement, so under this circumstance, the license fees paid to the third-party could not help the taxpayer apply for safe harbor. Based on the information above, ICC should not claim license fees paid to third party content providers as overhead when computing the PDAD safe harbor even though the license fees constitute more than 20 percent of total
Once a gain or loss is recognized, a taxpayer must determine how the recognized gain or loss affects the taxpayer’s tax liability. The character depends on a combination of two factors: purpose or use of the asset and holding period. The purpose or use of the asset is important because the law does not treat all assets equally. The general use categories are: (1) trade or business, (2) for the production of income (rental activities), (3) investment, and (4) personal. Based on these criteria, we can categorize an asset into one of three groups: (1) ordinary, (2) capital, or (3) section 1231. Characterizing the gain or loss is important because all gains and losses are not equal. Ordinary gains and losses are taxed at ordinary income rates, regardless of the holding
Comcast is a global technology and media company mainly known for its two main businesses, Comcast Cable & NBCUniversal. Comcast Cable is one of the largest service providers for phone, high-speed internet, video, and television services in the nation. While Comcast Cable is a cable giant in the area of business, the company has publically struggled significantly in the area of customer service. Comcast has had a number of public customer service complaints in recent years which quickly grabbed major media attention. These customers began recording phone frustrating calls with customer service representatives and posting them online via social media. Two of these dissatisfied customers were men named Ryan Block and Aaron Spain who posted their evidence of the
I have requested over a period of time work to be completed and returned via email. As Tyler’s mentor I contact him via email requesting tasks to be completed within a set timescales. For example I will ask him to store information on our corporate drive but also ask him to send the information as an attachment. All emails received from Tyler are written in a professional manner as required by Voluntary Action Angus.
Thus, a capital expenditure which is related only to the sick person and is not related to permanent improvement or betterment of property, if it otherwise qualifies as an expenditure for medical care, shall be deductible; for example, an expenditure for eye glasses, a seeing eye dog, artificial teeth and limbs, a wheel chair, crutches, an inclinator or an air conditioner which is detachable from the property and purchased only for the use of a sick person, etc. Moreover, a capital expenditure for permanent improvement of property may qualify as a medical expense to the extent that the expenditure exceeds the increase in the value of the related property, if the particular expenditure is related directly to medical care. Such a situation could arise, for example, where a taxpayer is advised by a physician to install an elevator in his residence so that the taxpayer's wife who is afflicted with heart disease will not be required to climb stairs. If the cost of installing the elevator is $1,000 and the increase in the value of the residence is determined to be only $700, the difference of $300, which is the amount in excess of the value enhancement, is deductible as a medical expense. If, however, by reason of this expenditure, it is determined that the value of the residence has
Hi Alex, you brought up a great example of poor pateint provider communication. So many people are not aware of what medications react with theres and pharmacists and there physicians should be giving them knowledge of what they can take so they do not have an adverse effect. Ive also heard the same thing about opiods and how patients are not aware that they can not drink on them causing deaths and comas.
In The Office, the manager, Michael Scott, shows the new employee around the Dunder-Mifflin paper company (the context), where Michael introduces him to Pam Beasley. Michael Scott is sending a message to Pam, who is the message receiver, by asking her if he received any messages. She responded by saying, “Yeah, just some fax.” He then looks at the paper and tells her, “Pam, this is from corporate. How many times did I tell you that there’s a special filing cabinet for things from corporate,” while Pam is trying to interrupt him midway. Encoding process is based off of what Michael assumed Pam knew about the “special cabinet”. Pam is confused and trying to decode the message by interrupting Michael’s dialogue.
He was unprofessional and his office was overall terrible. My appointment was at 8am and didn't get seen by him till 10am. Not only this but the nurses in the front were rude. When a nurse suggest to tell the officer manager, who then told the doctor, I was yelled at by Dr. Jose and was told to go to another office if I did not like it. I was reimbursed because even the office manager knew he was unprofessional. I will not come back.
The Ackoff’s Management Misinformation Systems is a case written by Russell L. Ackoff and it appeared in Management Sciences. Ackoff identified five assumptions regarding Management Information Systems and he explained why he disagreed with the assumptions. The five assumptions were:
I have chosen Tesco as the main organisation and I will be answering questions on whether it has an impact on Tesco or not.
This essay describes how poorly written communication can lead to misunderstanding and a possible loss of business. Through this paper the author wants to persuade the employer to sponsor a workshop for all employees to improve their writing skills, to increase business communications and to avoid arguments through poor communication. This paper demonstrates the effectiveness of writing skills and why business communication is important in any kind of business. What can your business achieve with good writing skills and what it the impact of good writing skills on business.
Communication is an important skill for people to have in an organisation. Through the interpersonal communication (communication between two or more people) process, people can exchange information, create motivation, express feelings or apply penalties for inappropriate behavior, all within the workplace (Robbins, et al, 2009). According to Eunson (2008) people who lack communication skills in the organisation should be trained to deal with different situation that involve communicating effectively (p. 554). In response to Eunson (2008), this essay aims to prove why interpersonal communication is an important skill to have and how organisation can train employees and managers to use these skills within the workplace. Additionally, the
The opportunity cost of renting the plant is included in the analysis as a after tax cost (cash outflow) because it will not be earned as a result of utilizing the asset for the project.
British Telecom My aim in this investigation is to discuss whether or not British Telecom has successfully grown and developed since its Privatisation to compete on a world scale. In addition to this has it any long-term strategies for future growth and development of products. According to the 1996 Budget Red Book, more than 50 major businesses have been privatised since 1979 and the state owned sector of industry has been reduced be two-thirds.
Allison Scher and Penelope Ryan worked well together when they showed up at the office every day. The problem aroused after implementation of flexi time & off site working by the company. Both of them started working from home & meet each other only during client meetings.
Now the basis for all future transactions relating to this building would also be at its cost, i.e. $12 million. For example: The depreciation would be charged on $12 million and not on $15 million. Similarly when the asset is sold in future, the profit or loss on sale would be based on the cost price actually paid for it. Since the original or