Ms. Aisha needs a smartphone to attend her online classes, which she tells her elder sister to buy for her. In this scenario Ms. Aisha elder sister is a O a. Buyer O b. Initiator O c. User O d. Decider
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- I.M. Aruban has a sandwich shop in a downtown business district. Several ofhis customers have said that they would purchase from his shop more oftenif he offered a delivery service. I.M. is considering establishing a deliveryservice to meet the needs of his market. He believes that he will have to purchasea fax machine, install a new phone line for the fax machine, purchasea delivery van, and hire at least one delivery person. I.M. asks your advice indetermining whether he should take on the delivery service venture.a. What steps would you recommend that I.M. use in reaching a profitabledecision?b. Explain to I.M. what each step involves.Graduate students Romeo and Juliet settled into an apartment close to the school. Juliet wants to purchase renter's insurance, but Romeo believes they don't need it because their stuff isn't very valuable. They have some pricey computers and sound equipment, among other things, Juliet points out. To assist the Romeo in solving their problem, offer them some options for obtaining a policy, and recommend a strategy for choosing how much insurance to purchasePatrick works for McGill’s Computer Repair, owned and operated by Frank McGill. As a computer technician, Patrick has grown accustomed to friends and family members asking for assistance with their personal computers. In an effort to increase his income, Patrick started a personal computer repair business that he operates out of his home on a part-time basis, working evenings and weekends. Because Patrick is doing this “on the side” for friends and family, he does not want to charge as much as McGill’s charges its customers. When Frank McGill assigned Patrick the task of developing the budget for his department, Patrick increased the amount budgeted for computer parts. When the budget was approved, Patrick purchased as many parts as the budget allowed, even when they were not needed. He then took the extra parts home to use in his personal business in an effort to keep his costs down and profits up. So far, no one at McGill’s has asked about the parts expense because Patrick has not…
- Mellisa owns and operates a mobile phone business located in a large shopping centre in Perth, WA. Mellisa was born in Paris, France. She has a family home there where her two grown up children live. Mellisa spends 4 months of the year in Paris with her kids. The rest of the time she lives in a serviced apartment in Perth city. While Mellisa is in Perth she assists with the running of her small business. In the business, to promote their products, one of the suppliers Tara Inc. provided Mellisa with two new iPhone X’s this year valued at $1,760 each. Both of the phones were locked so they could only be used on Mellisa’s account and the SIM cards were also locked so the phone could not be used with a different phone number. Since the phones cannot be used by anyone else, they cannot be converted to cash and Mellisa assumes they are not ordinary income under s6-5. a) Discuss Mellisa's residency and the tax implications of Mellisa's business b) Is Mellisa's assumption relating to s6-5…Mellisa owns and operates a mobile phone business located in a large shopping centre in Perth, WA. Mellisa was born in Paris, France. She has a family home there where her two grown up children live. Mellisa spends 4 months of the year in Paris with her kids. The rest of the time she lives in a serviced apartment in Perth city. While Mellisa is in Perth she assists with the running of her small business. In the business, to promote their products, one of the suppliers Tara Inc. provided Mellisa with two new iPhone X’s this year valued at $1,760 each. Both of the phones were locked so they could only be used on Mellisa’s account and the SIM cards were also locked so the phone could not be used with a different phone number. Since the phones cannot be used by anyone else, they cannot be converted to cash and Mellisa assumes they are not ordinary income under s6-5. Is Mellisa's assumption relating to s6-5 correct? Give reasons making reference to her residency.You have a job where you have a computer on your desk. Is it ok to access the internet for personal use during your workday? What are some of the positive and negative effects to you and your employer? Give a detailed explanation supporting your answer.
- If a customer buys from Triple D on credit, the customer will receive the following documentation for this purchase (choose one):ScenarioDamen Dayal, Charles Dlamini, and Darren Denbury are three young entrepreneurs. While at school, at the age of 17, they turned their love for surfing into a business by manufacturing customisable surfboards. Customers (Debtors) can choose the dimensions to suit their height and body weight, and can submit images and quotes to be used in the graphic design. They named their business Triple D. Triple D started as a little shoestring operation in Damen’s grandparent’s garage. Initially sales were slow, however after displaying a few posters throughout the neighbourhood and asking family and friends to ‘spread the word’, the number of orders began to increase. Now that they have matriculated, they wish to find ways to grow the business. Charles proposed that they take their business to the next level by approaching appropriate retailers such as surf…Ms. Faye Santos is an accounting major at a Midwestern state university located approximately 60 miles from a major city. Ms. Faye Santos is an accounting major at a Midwestern state university located approximately 60 miles from a major city. Many of the students attending the university are from the metropolitan areas and visit their homes regularly on the weekends. Faye, an entrepreneur at heart, realizes that few good commuting alternatives are available for students doing weekend travel. She believes that a weekend commuting service could be organized and run profitably from several suburban and downtown shopping mall locations. Faye has gathered the following investment information. Five used vans would cost a total of $75,000 to purchase and would have a three-year useful life with negligible salvage value. Faye plans to use straight-line depreciation. Ten drivers would have to be employed at a total payroll expense of $48,000. 3. Other annual out-of-pocket expenses…While jogging around his suburb one morning, Pedro sees a speedboat parked outside a house. There is a sign posted on the boat’s windshield saying: “For sale $9,000, Text Andres on 0409876543. Direct buyers only!” A boat lover, Pedro calls the number advertised and leaves a voice message saying that he’s happy to buy the boat for $7,000. He also leaves his return number. Andres is busy all day, and only hears Pedro’s message the next morning. He calls Pedro back; he also leaves a voice message saying that Pedro’s price is too low, but he can get the boat for $8,000. That same day, however, another buyer sees the boat and makes a $9,000 cash offer to Andres on the spot. Andres takes the money, signs over the boat’s registration papers, and the buyer tows the boat away. Pedro passes by Andres’ house and sees that boat is gone. Panicking, he listens to his voice messages and hears Andres’ message for the first time. He calls Andres right away and told him in no uncertain words that he…
- While jogging around his suburb one morning, Pedro sees a speedboat parked outside a house. There is a sign posted on the boat’s windshield saying: “For sale $9,000, Text Andres on 0409876543. Direct buyers only!” A boat lover, Pedro calls the number advertised and leaves a voice message saying that he’s happy to buy the boat for $7,000. He also leaves his return number. Andres is busy all day, and only hears Pedro’s message the next morning. He calls Pedro back; he also leaves a voice message saying that Pedro’s price is too low, but he can get the boat for $8,000. That same day, however, another buyer sees the boat and makes a $9,000 cash offer to Andres on the spot. Andres takes the money, signs over the boat’s registration papers, and the buyer tows the boat away. Pedro passes by Andres’ house and sees that boat is gone. Panicking, he listens to his voice messages and hears Andres’ message for the first time. He calls Andres right away and told him in no uncertain words that he…Trisha wants to be a full-time photographer. Which of the following is a way she can demonstrate that this is a business and not a hobby? Attending workshops and photography classes. Taking photos during vacations and shopping around for a buyer after she returns home. Taking pictures at family events.Maria Brese has just completed her hairdressing apprenticeship and she has decided to open her own hairdressing salon. Indicate two types of business organisations that Nina could use to operate her business. Discuss two advantages and two disadvantages of the business organisations you have chosen.