Master of the Universe

income will be treated by the entity, the overall tax burden, and the effect of distributions of property or earnings from the entity to your client. (Note: Do not spend time addressing other types of business entities. Credit will only be given for discussion of the two business entities at issue.) (Points : 50)

1Power- having control due to a position, being able to do more because you have the authority to.

(A) if such contract or interest therein has a basis for determining gain or loss in the hands of a transferee determined in whole or in part by reference to such basis of such contract or interest therein in the hands of the transferor,

Power; a person or organization that has a lot of control and influence over other people or organizations (Miriam Webster). We all have our own sense of some sort of power. Whether that power is over the United States of America. Or the power to vote as an American Citizen and decide who gets that power. It’s great thing but also a tainted thing.

It also entails a responsibility not to lose touch with the rationale for the agency - 'to provide a first-class service for people who need it (or in some cases are required to have it, in

Equity interests with or without voting rights are considered variable interests if the legal entity is a VIE and to the extent that the investment is at risk…”

2.3 Revenue (AASB 1004) Revenue is recognized to the extent that it is probable that economic benefits will flow to the Group, at the point where a right to consideration or

The equity investment at risk in this case doesn’t include the equity from ElectricCo because it is financed by AutoCo, a party related to the entity. In addition, the 70% debt financing is guaranteed by AutoCo. The bank is not willing to provide

Power is the emphasis is an employment situation. While employed you have a certain amount of power, both over your work environment and your own life.

Power has been addressed in academic literature in several ways but most commonly describing “power as the ability to control valued resources and administer rewards and

Understanding the Role of Power in Decision Making- Pfeffer explores the advantages and limitations of power. Pfeffer states that if power is a force, a store of potential influence through which events can be affected, politics involves those activities or behaviors through which power is developed and used in organizational settings. Power is a property of the system at rest; politics is the study of power in action (Shafritz, Ott,

Power is defined as the capacity that A has to influence the behavior of B so B acts in accordance with A’s wishes (p.198). Being a collaborative organization, Stryker’s power resides in four key teams: accounting, human resources management, information technologies management, and a cross functional team known as the steering committee. Power resides within these teams because they control the things that the organization needs to function. The relationships that these teams have with the organization are based upon dependence, these departments can influence the distribution of resources in the organization. These teams exercise their power to help the organization generate a profit, respond to changes, to limit the number of errors,

Jupiter is the fifth planet from the Sun and by far the largest mass object in the solar system of all the other planets. Jupiter is twice the size of all the other planets combined. It is as 318 times the sizes of earth. The distance that Jupiter orbits the sun is 778,330,000 km (Gallant pp154). The diameter is 142,984 km and the mass that it has is 1.900e27 kg. Jupiter is the fourth brightest object in the sky after the Sun, the Moon and Venus. Mars is some times brighter. Galileo discovered Jupiter in 1610(Gallant); another interesting fact is that Jupiter has 4 large moons. Which are known as the Galilean moons. They were named Io, Europa, Ganymede and Callisto. The first mission that went to Jupiter was Pioneer 10 in 1973 and later

The debt cost should be different across the divisions because each division has its own risks.

(63)” Limited liability is another thing that is not inherently bad. If shareholders were completely held responsible for the debts of a corporation, then nobody would want to invest in any company. Limited liability helps boost the economy by encouraging people to invest money in companies which then make products for consumers to buy. Limited liability can also be used in a bad way such as when the owners of BP were not able to be held accountable for the environmental damage and the loss of 11 lives because they ignored safety regulations to make a bigger profit. The BP oil spill is another example of corporation privatizing profits and socializing cost. BP cut costs by getting around safety regulations on their oil rig. They Saved money and increased their profit by doing this but all of that profit stayed among the BP shareholders, however when the oil rig exploded the shareholders were not forced to pay for the damages and reparations. The public was forced to pay the cost of cleaning up the gulf. The shareholders made a profit by cutting corners, but when it finally caught up with them and disaster struck, they passed the cost of it on to everyone