Essay about Week 4 You Decide

Budget management analysis is used by mangers as a tool and helps determine that all resources available are being used efficiently. The budgets are determined yearly and are based upon the previous year’s budget and variances. This paper will discuss specific strategies to manage budgets within forecast, compare five to seven expense results with budget expectations, describe possible reasons for variances, give strategies to keep results aligned with expectations, recommend three benchmarking techniques, and identify those that might improve budget accuracy, and justify the choices made.

Week 4 Knowledge Check Concepts Mastery Score: 16/20 Questions LEVEL OF DATA MEASUREMENT 100% 1 CONFIDENCE INTERVAL FOR THE MEAN 100% 2 PROBABILITY RULES 100% 3 LINEAR REGRESSION PREDICTION 100% 4 INTERPRETING P VALUE 100% 5 VISION 100% 6 EXTERNAL AND INTERNAL ENVIRONMENTS 100% 7 0% 8 100% 9 STRATEGIC CONTROL 0% 10 FINANCIAL STATEMENTS 0% 11 100% 12 OBJECTIVES AND GOALS SOCIAL RESPONSIBILITY GAAP (GENERALLY ACCEPTED ACCOUNTING PRINCIPLES) BALANCE SHEET 100% 13 FIFO AND LIFO 100% 14 INTERNAL CONTROLS 100% 15 DEPRECIATION

c) Generally, an activity qualifies as a business if it is carried on with the reasonable expectation of earning a profit4. IRS uses the "3-of-5" test to determine if you have profit motive. If your business made a profit in any three out of the past five consecutive years, it is presumed to have a profit motive, and your activity will be likely considered as a business. Per our discussion, you are thinking about adding new equipment to your activity, which is also evidence that your activity can be considered as a business.

Some questions in Part A require that you access data from Statistics for People Who (Think They) Hate Statistics. This data is available on the student website under the Student Test Resources link.

Kara is 10 years old. She has been given an intelligence test. Her mental age is 13.

Katlyn reported $300 of net income from her sole proprietorship. She is not required to pay self-employment tax.

2. Calculate descriptive statistics for the variable where students flipped a coin 10 times. Pull up Stat > Basic Statistics > Display Descriptive Statistics and set Variables: to the coin. The output will show up in your Session Window. Type the mean and the standard deviation here.

RATIONALE: Each fracture site would be coded separately. The C1 fracture would be coded with 805.01, and the C2 fracture with 805.02. As reported in the Indication section, this was an MVC of an unspecified nature, and the patient was the driver. E819 is the code for MVC of unspecified nature with the 4th digit of 0 to show the patient was driving.

1. What are the current challenges facing United Way? What are key issues in the general and non-profit charitable giving industry environments that affect United Way’s operations?

Through the first four games of the season, the West Virginia University football team posted a 3-1 record but an early bye week came just at the opportune time for the Mountaineers.

Founded in 1999, sisters Cathy, Linda, and Valerie Montgomery developed Artisans Shirtcraft. The company’s focus is on manufacturing original hand-painted designed shirts. The company started off as a hobby, however as word-of-mouth spread, the company soon grew into a corporation in 2003 with sales from upscale boutiques and department stores. In 2004, the Montgomery sisters organized their company into three areas: Cathy oversaw purchasing at the lowest price possible, Linda supervised the art work, and Valerie was in charge of the business administration. Each department did not keep separate financial records. Due to a failing economy, the creditors for Artisan Shirtcraft no longer wanted to invest in the company due to their lack of financial controls and strategies that relied on bargain purchasing of shirts. In order for the company to have financial backers, Shirtcraft must demonstrate and establish company

Afterwards, she got a job at a travel agent company but wasn’t happy and knew she needed to go back to her passion for fashion. A few years later, while pregnant with her child, she felt the need to wear jewelry to make herself feel confident while in maternity clothes. However, jewelry in local stores weren’t at a decent price, which then gave Scott the idea of opening a jewelry store. To practice, Scott would undo jewelry and try to put the pieces back together. After studying the nature of jewelry making, Scott knew that that’s what she wanted to do. Once a few jewelry pieces have been made, Scott packed a small wooden box with her jewelry and went knocking on each small local store in hopes of them selling her artwork. After that day, stores began asking Scott for orders and her jewelry collection began to bloom. Soon enough, different companies around the nation began to call her and exposed her products to big retail chains, thus, initiation her

Founded in 1837, Tiffany & Co. has long been renowned for its luxury goods, especially jewelry, and has sought to market itself as an arbiter of taste and style. Tiffany designs, manufactures, and sells jewelry, watches, and crystal glassware. It also sells other timepieces, sterling silverware, china, stationery, fragrances, and accessories. Many of these products are sold under the Tiffany name, at Tiffany stores throughout the world as well as through direct-mail, corporate merchandising, and the Tiffany

The difference between a hobby and business according to Australian Tax Office is based on whether a business exists for tax purposes or not. It is significant to consider if the activity carried out is for commercial purposes or is located in a commercially viable environment. The fact that a taxpayer carries out a professional practice or engages in another business does not disqualify the finding that the additional activity is a business.