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Your Questions About Summary Of Stock Market 2011

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Paul asks…

Accounting help! I cant seem to get this right!?

On January 1, 2011, Argentina Corporation had the following stockholders’ equity accounts.

Common Stock ($20 par value, 75,000 shares issued and outstanding)$1,500,000
Paid-in Capital in Excess of Par Value200,000
Retained Earnings600,000

During the year, the following transactions occurred.

Feb.1Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1.
Mar.1Paid the dividend declared in February.
Apr.1Announced a 2-for-1 stock split. Prior to the split, the market price per share was $36.
July1Declared a 10% stock dividend to stockholders of record on July 15, distributable July31. On July 1, the market price of the stock was $13 per share.
31Issued the shares for the stock dividend.
Dec.1Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2012.
31Determined that net income for the year was $350,000.

Prepare dividend entries and stockholders’ equity section.

Instructions
(a) Journalize the transactions and the closing entries for net income and dividends.

(b) Enter the beginning balances, and post the entries to the stockholders’ equity accounts. (Note: Open additional stockholders’ equity accounts as needed.)

(c) Prepare a stockholders’ equity section at December 31.
Total stockholders’ equity $2,492,500

Justin answers:

Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1.
Dr Cash Dividends 75,000
Cr Dividends Payable 75,000

Mar. 1 Paid the dividend declared in February.
Dr Dividends Payable 75,000
Cr Cash 75,000

Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $36.
No journal entry needed. You can make a note that the number of shares outstanding is now 150,000 and the par value is $10.

July 1 Declared a 10% stock dividend to stockholders of record on July 15, distributable July31. On July 1, the market price of the stock was $13 per share.
150,000 x 10% x 13 = $195,000 total amount of dividend
150,000 x 10% x 10 = $150,000 par amount of dividend
Dr Stock Dividends 195,000
Cr Stock Dividends Distributable 150,000
Cr Paid-In Capital in Excess of Par Value 45,000

31 Issued the shares for the stock dividend.
Dr Stock Dividends Distributable 150,000
Cr Common Stock 150,000
*Note: there are now 165,000 shares outstanding

Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2012.
165,000 x 0.50 = 82,500 dividend
Dr Cash Dividends 82,500
Cr Dividends Payable 82,500

31 Determined that net income for the year was $350,000.
Dr Income Summary 350,000
Cr Retained Earnings 350,000

31 Close out dividends.
Dr Retained Earnings 352,500
Cr Cash Dividends 157,500
Cr Stock Dividends 195,000

Stockholders’ equity
Common Stock ($10 par value,
165,000 shares issued and outstanding) . . . $1,650,000
Paid-in Capital in Excess of Par Value . . . . . . .245,000
Retained Earnings . . . . . . . . . . . . . . . . . . . . . 597,500

Total stockholders’ equity . . . . . . . . . . . . . .$2,492,500

James asks…

i need Accounting help bad journalize the transactions and the closing entry for net income ASAP?

On January 1 2010, Weiser Corporation Had the Following Stockholders’ equity accounts
Common Stock ($5 par value, 200,000 shares issued and outstanding) 1,000,000
Paid-in Capital in Excess of Par Value 200,000
Retained Earnings 840,000

During the year, the Following transaction occurred
Jan. 15 Declared a $1 cash dividend per share to stockholders of record on January 31, payable February 15.
Feb. 15 Paid the dividend declared in Jan.
Apr 15 Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15 the market price of the stock was $15 per share
May 15 Issued the shares for the stock dividend
July 1 Announced a 2-for-1 stock split. The Market price per share prior to the announcement was $17.(the new par value is $2.50)
Dec 1 Declared a $.50 per share cash dividend to stockholders of record on Dec. 15, payable Jan. 10, 2011
Dec 31 Determined that net income for the year was $250,000
P.S the total stockholders’ equity $1,870,000

i tried this on my own but i end up doing it wrong so please help me!!!!!!!!!!!!!!!

Justin answers:

Jan. 15 Declared a $1 cash dividend per share to stockholders of record on January 31, payable February 15.
Dr Retained Earnings 200,000
Cr Cash Dividends Payable 200,000

Feb. 15 Paid the dividend declared in Jan.
Dr Cash Dividends Payable 200,000
Cr Cash 200,000

Apr 15 Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15 the market price of the stock was $15 per share
200,000 x 10% x 15 = $300,000 Total dividend
Dr Retained Earnings 300,000
Cr Paid-In Capital in Excess of Par 200,000
Cr Stock Dividends Distributable 100,000 (200,000 x 10% x $5 par value)

May 15 Issued the shares for the stock dividend
Dr Stock Dividends Distributable 100,000
Cr Common Stock 100,000
*Note: There are now 220,000 shares of stock outstanding

July 1 Announced a 2-for-1 stock split. The Market price per share prior to the announcement was $17.(the new par value is $2.50)
No journal entry is needed for a stock split. But it should be noted that there are now 440,000 shares of stock outstanding with a $2.50 par value

Dec 1 Declared a $.50 per share cash dividend to stockholders of record on Dec. 15, payable Jan. 10, 2011
440,000 x 0.50 = $220,000 dividend
Dr Retained Earnings 220,000
Cr Cash Dividends Payable 220,000

Dec 31 Determined that net income for the year was $250,000
Dr Income Summary 250,000
Cr Retained Earnings 250,000

Stockholders’ Equity
Dec. 31, 2010

Common Stock ($2.50 par value, 440,000 shares issued and outstanding) 1,100,000
Paid-in Capital in Excess of Par Value 400,000
Retained Earnings 370,000

Total Stockholders’ Equity $1,870,000

David asks…

On January 1, 2011, Galactica Corporation had the following stockholders’ equity accounts.?

Common Stock ($20 par value, 60,000 shares issued and outstanding)$1,200,000
Paid-in Capital in Excess of Par Value200,000
Retained Earnings500,000

During the year, the following transactions occurred.

Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1.
Mar. 1 Paid the dividend declared in February.
Apr. 1 Announced a 5-for-1 stock split. Prior to the split, the market price per share was $35.
July 1 Declared a 5% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $7 per share.
July 31 Issued the shares for the stock dividend.
Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2012.
Dec. 31 Determined that net income for the year was $380,000.

1) Journalize the transactions and the closing entries. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2. If there is no transaction, enter No entry as the description and 0 for the amount.)

2)Enter the beginning balances, and post the entries to the stockholders’ equity accounts. (Note: Open additional stockholders’ equity accounts as needed.) (If answer is zero, please enter 0. Do not leave any fields blank.)

3)Prepare a stockholders’ equity section at December 31.

Please Help

Justin answers:

Hmmm, it seems like I just answered this one for someone else. I wonder if she’s in your class.

Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1.
60,000 x $1 = $60,000 dividend
Dr Retained Earnings 60,000
Cr Cash Dividends Payable 60,000

Mar. 1 Paid the dividend declared in February.
Dr Cash Dividends Payable 60,000
Cr Cash 60,000

Apr. 1 Announced a 5-for-1 stock split. Prior to the split, the market price per share was $35.
No journal entry needed. But there are now 5 x 60,000 = 300,000 shares outstanding with a par value of $20 / 5 = $4.00

July 1 Declared a 5% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $7 per share.
300,000 x 5% x $7 = $105,000 total dividend
300,000 x 5% x $4 = $60,000 stock dividend distributable
105,000 – 60,000 = $45,000 paid-in capital in excess of par
Dr Retained Earnings 105,000
Cr Stock Dividend Distributable 60,000
Cr Paid-In Capital in Excess of Par Value 45,000

July 31 Issued the shares for the stock dividend.
Dr Stock Dividend Distributable 60,000
Cr Common Stock 60,000
*Note: There are now 300,000 x 1.05 = 315,000 shares of common stock outstanding

Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2012.
315,000 x 0.50 = $157,500 dividend
Dr Retained Earnings 157,500
Cr Cash Dividend Payable 157,500

Dec. 31 Determined that net income for the year was $380,000.
Dr Income Summary 380,000
Cr Retained Earnings 380,000

Final Stockholders’ Equity
Common Stock ($4.00 par value, 315,000 shares issued and outstanding) $1,260,000
Paid-in Capital in Excess of Par Value $245,000
Retained Earnings $557,500

Charles asks…

On January 1, 2011, Galactica Corporation had the following stockholders’ equity accounts.?

Common Stock ($20 par value, 60,000 shares issued and outstanding) $1,200,000
Paid-in Capital in Excess of Par Value 200,000
Retained Earnings 500,000

During the year, the following transactions occurred.

Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1.
Mar. 1 Paid the dividend declared in February.
Apr. 1 Announced a 5-for-1 stock split. Prior to the split, the market price per share was $35.
July 1 Declared a 5% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $7 per share.
July 31 Issued the shares for the stock dividend.
Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2012.
Dec. 31 Determined that net income for the year was $380,000.

Journalize the transactions and the closing entries.

Justin answers:

Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1.
Dr Retained earnings $60,000 (60,000 shares x $1)
Cr Dividend payable $60,000

Mar. 1 Paid the dividend declared in February.
Dr Dividend payable $60,000
Cr Cash $60,000

Apr. 1 Announced a 5-for-1 stock split. Prior to the split, the market price per share was $35.
No journal entry is needed to account for a stock split, but it should be noted that the no. Of shares is now 300,000 (60,000 x 5) and the par value is now $4

July 1 Declared a 5% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $7 per share.
Dr Retained earnings $105,000 (300,000 shares x 5% x $7)
Cr Common Stock Dividend Distributable $105,000

July 31 Issued the shares for the stock dividend.
Dr Common stock dividend distributable $105,000
Cr Common stock $105,000 (there are now 315,000 shares)

Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2012.
Dr Retained earnings $157,500 (315,000 shares x $0.50)
Cr Dividend payable $157,500

Dec. 31 Determined that net income for the year was $380,000.
Dr Income summary $380,000
Cr Retained earnings $380,000

William asks…

On January 1, 2011, Galactica Corporation had the following stockholders’ equity accounts.?

Common Stock ($20 par value, 60,000 shares issued and outstanding) $1,200,000
Paid-in Capital in Excess of Par Value 200,000
Retained Earnings 500,000

During the year, the following transactions occurred.

Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1.
Mar. 1 Paid the dividend declared in February.
Apr. 1 Announced a 5-for-1 stock split. Prior to the split, the market price per share was $35.
July 1 Declared a 5% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $7 per share.
July 31 Issued the shares for the stock dividend.
Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2012.
Dec. 31 Determined that net income for the year was $380,000.

Justin answers:

Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1.
Dr Retained earnings $60,000 (60,000 shares x $1)
Cr Dividend payable $60,000

Mar. 1 Paid the dividend declared in February.
Dr Dividend payable $60,000
Cr Cash $60,000

Apr. 1 Announced a 5-for-1 stock split. Prior to the split, the market price per share was $35.
No journal entry is needed to account for a stock split, but it should be noted that the no. Of shares is now 300,000 (60,000 x 5) and the par value is now $4

July 1 Declared a 5% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $7 per share.
Dr Retained earnings $105,000 (300,000 shares x 5% x $7)
Cr Common Stock Dividend Distributable $105,000

July 31 Issued the shares for the stock dividend.
Dr Common stock dividend distributable $105,000
Cr Common stock $105,000 (there are now 315,000 shares)

Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2012.
Dr Retained earnings $157,500 (315,000 shares x $0.50)
Cr Dividend payable $157,500

Dec. 31 Determined that net income for the year was $380,000.
Dr Income summary $380,000
Cr Retained earnings $380,000

Daniel asks…

How does my resume sound?

This is my resume. it would be great if you give feedback and suggestions for editing.

My name
My address
My e-mail
My phone number

Objective: (My objective)

Skills Summary:
•Knowledge and experience of marketing and retail sales.
•Acquire good product knowledge of [whatever the store sells].
•Quick learner and open to feedback.
•Ability to do multiple tasks and lift heavy merchandise.
•Customer service oriented and flexible.
•Excellent written and verbal communication skills and can meet deadlines/on projects or tasks.
•Multilingual: Fluent in English and Tagalog.
•Outgoing, friendly, warm, down-to-earth personality, and a hard worker.
•Very organized, detail-oriented, and ability to maintain a tidy work area.
•Register and cash handling experience.
•Ability to work under pressure and quickly adaptable to environmental change.

Work Experience:
Hollister Co. (Model) 2011-2012
•Handle any duties asked by manager/team leader.
•Provide suggestions to customers to meet their needs to increase store sales.
•Promote a safe working and shopping environment by handling responsibilities to increase shopping experience.
•Explain about available benefits and special features to customers to increase buying decisions.
•Assist customers by helping them find items they’re searching for or substituting for items out-ofstock.
•Cleaning and tidying up the store before the store opens.

Volunteering Experiences
Lake Street Primary School (Teacher Assistant)2007
Commonwealth Elementary School (Assistant Coach)2009-2010
Saint Vincent Medical Hospital 2009-present
Anime Expo (Café and Live Programming)2009-present
Los Angeles Food Bank 2010
Francisco Bravo Medical Magnet High School (Teacher Assistant)2011
USC Festival of Books 2011
24th St. Elementary School Garden Workday 2011
AIDS Walk 2011
Rock ‘n’ Roll Half Marathon 2011
L.A. Love & Leashes (Cat and Dog Adoption Center) 2012

Co-Curricular Activities
High School:
President of Japanese Animation Club 2008
Roots and Shoots (Environmental Club) member2009
Campus Beautification (Environmental Club) member2010-2011
Yearbook Staff 2010-2011
Cross Country (runner) 2010
Track and Field (runner) 2011
Alliance for Climate Education (Environmental Club) action team member2011
USC Pharmacy Club 2011
College:
Alpha Gamma Sigma Honors Society (Club) 2011-present

Skills

10-key Proficient
Computer Literate
Microsoft Office Proficient
65 WPM (words per minute)
Cash Registry Experience
Intercommunication Skills

Honors & Awards
President’s Silver Seal for 3.0-3.59 GPA
Honors Award
William and Clyde Memorial Scholarship Award

References Available Upon Request

Justin answers:

Strike the “(words per minute)”. If they don’t know, they don’t need it.
“lift heavy merchandise” – give a weight rating.
“and ability to” => “has ability to” or “and able to”

If you can give a little bit more detail on what you did during your volunteer experiences, that would be good.

Joseph asks…

can someone please fix my cv for me?

hi there i really want to apply for jobs but i always get rejected i dont even know why but basically i want to apply for a telephone interview job i have experience in market research but i do not know how to write it in i have removed my name and address for privacy reason but please guys help me and tell me what i can write in as in i use to work as a telephone interviewer calling up people and asking them to complete a survey over the phone and now im applying for a another telephone interiew job but i do not know what to write on my cv . this is my cv

PERSONAL PROFILE

Successfully completed GCSE examinations in August 2009 and achieved 10 A-C passes. Determined and charismatic, looking to utilise an array of skills within a progressive work role. An excellent communicator with 1st class customer service skills and experience in working in retail as a sales assistant.

EDUCATION AND QUALFICATIONS
Sept. 2004 – Aug. 2009Swanlea School London
GCSEs

Religious Studies (A), ICT (Merit), Drama (B), (English Literature (B), English Language (C), Mathematics (C), Media Studies (C), Sociology (C), Applied Science (C/C)

Sept. 2009 – Aug. 2011

BTEC National Diploma in Business – Level 3

EMPLOYMENT SUMMARY
Nov. 2007 – 2 weeks work experience
Sales Assistant

Worked on the shop floor and coordinated a safe working environment and made sure that customers’ wants and needs were being met. Stock control, tagging and numbering clothes. Responded and dealt with customer enquiries face to face and dealing with customer enquires over the phone. Achieved exceptional communication skills both verbal and written and 1st class customer service skills.

Jul. 2007 – 4 weeks
Sales Assistant

Worked on the shop floor and helped around when customers needed assistance. Stock control and serving customers. Greeting and responding to customer enquiries face to face and over the telephone.

HOBBIES AND INTERESTS

Like to design and make my own outfits. Enjoy visiting other countries and experiencing other cultures. Reading books, listening to music.

References available upon request

Justin answers:

Here are the changes I’d suggest:

1. Your grades are not good. I would highly suggest removing all grades. With grades so low, should you even be looking for a job? I would try to concentrate on school more instead of working.

2. You only have 6 weeks of work experience. This is practically no experience and the short duration of your employment brings up a red-flag to employers. Why did you only work for 2 weeks? This is a serious concern for employers (employers don’t like to see any jobs lasting less than 1 or 2 years usually because if you are always switching it makes you seem very unstable). Of course, you can’t change your work past, but you should be prepared to talk about this during your interview.

3. The hobbies and interests section provide no value to your CV. Remove it. Instead, you can put a section where you detail your technology expertise.

4. Since you are applying for a low-level job, I would suggest adding an availability section regarding the times you can work.

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Your Questions About Is It Good To Invest In Diamonds

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William asks…

Why should investors invest in an area in Saskatchewan?

What are some features within Saskatchewan to convince investors to invest in Saskatchewan?

Justin answers:

Natural resources: natural resources conventional oil and so-called “heavy oil” (which is on the verge of starting to be developed). There is also uranium, sodium sulphate and, quite likely, diamonds. The big revenue-generator is potash, a vital ingredient in fertilizer.

What makes Saskatchewan fairly attractive is the fact that it historically has been overlooked by outside investors for two reasons. One reason is the proximity of the Canadian province of Alberta, which has been in more-or-less perpetual boom (due to its oil resources) for the last 50 years. That sucked into Alberta most of the available investment capital. But recently, Alberta has been raising oil royalties and living costs for employees have becoming unacceptably high. One important theory in Canadian investment circles is that Saskatchewan could well be “the next Alberta” in terms of being an underappreciated investment destination.

The second reason why Saskatchewan was overlooked was political. From 1964-44 it was governed by a centre/left political party that was actually highly fiscally responsible, but had a few renegade members who talked unwisely about nationalization. Succeeding provincial governments have been, with one exception (in the 1980s) fiscally conservative and keen on investment. Particularly notable was the 2006 provincial budget, brought down by the centrist New Democratic Party, but containing a number of business tax breaks.

The government is now in the hand of a centre-right government that is even more bullish on investment and sustainable tax reduction.

Current speculation in the resource sector revolves around one or even two “greenfield” potash mines, another northern uranium mine and possibly a small diamond mine.

All this is in addition to Saskatchewan’s diversified agricultural economy. Various types of wheat have historically been the most popular crop, but since the 1960s there has been broad diversification into canola (rapeseed), barley and pulse crops. There is a particular hunger in government circles for value-added agricultural processing.

Steven asks…

How would you spot a diamond on the beach and tell it apart from the sand and stones?

I live on the beach and the beach sand is very rough, there are a lot of big stones and beach sand almost like walking on gravil i have always wanted to know how to tell a diamond apart from beach sand can anyone help

Justin answers:

If you’re a serious diamond hunter then invest in a tester.
Make sure its the real thing with this Diamond Tester. This useful tester comes with metal alert to warn against false results and the display accommodated left or right hand usage. The unit comes with a long lasting rechargeable battery, AC adapter and its own carrying case.
Sale price: $166.25
http://store.columbiametaldetectors.com/diamondtester1.html

Michael asks…

is it worth selling an old expensive diamond ring in order to start a business?

I am 26 years old and a junior in college studying history and theatre (ye, i know, i dont have a life). I dont have a job and am usually broke. My mom is pestering me to find a nice girl to settle down with. i am afraid of marriage and committment (that it wont work out like everything else in my life doesnt). Anyway she mentioned she put away in the safe a very expensive diamond ring worth at least 50,000 dollars. she used to say she’s saving it for my future bride but id rather sell it and invest the money so i can have a business, the other things will fall into place afterwards.

so what sayest thou.
I have this idea of opening an internet cafe in the summer in a vacation area.

My mother would also like to have a family business so if it works out its a win win situation.

The way I see it, right now the only thing I have going for me is my looks (though my hair is starting to thin) and my wit but I am more broke than ever and what kind of girl would want me now?
The diamond belonged to my grandmother.

Justin answers:

If the diamond has sentimental value to your mother, then it isn’t worth it. I would try to get a loan first. Do you even have any idea what kind of a business you plan to start? Come up with a business plan and look for investors or get a loan. It would likely break your mother’s heart if she knew you wanted to sell the diamond. Not to mention, at this point, it’s not really yours to sell.

After reading your added comments…I would say DON’T SELL IT!! If it is a good plan, you can find other funding. I started my own business without any outside financing at all, and I was beyond broke! Literally living with the threat of foreclosure and my car being reposessed at any given moment. Hard work, drive, and ambition are free…and you don’t have to give up any family heirlooms in the process. I have a lot of antique furniture from my grandparents that is in prime condition. I had offers from people to buy different pieces and I would have definitely made some money on it. Now that my business is successful, I look back and thank god I did not go that route. As you get older, you will appreciate having something handed down from your family and will realize what a stupid mistake it would have been to hand it over for cash. You can not place a value on an heirloom. Seek financing elsewhere. There are ‘angel investment’ groups out there. Write up your business plan and shop around your idea. Where there’s a will there’s a way. Forget about selling the ring. You will regret it when you get older.

Mark asks…

Are black diamonds as valuable as regular diamonds?

I’ve thought about getting my boyfriend a black diamond ring or bracelet, but I’ve really only seen these gems on shopping websites and I don’t know if they are rated the same way regular diamonds are. What should I look for or should I just invest in a regular diamond ring?

Justin answers:

Jared’s answer is almost correct. Natural black diamonds are rare and can be quite costly. The black diamonds that flood the diamond market are usually irridated meaning they have been treated to enhance the color, and these are the ones which are not as costly. If they are looked at closely they are actually a very dark green color. Men’s black diamond jewelry is catching on in popularity.

Onyx is a totally different mineral altogether and should not be confused with a black diamond.

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Your Questions About 10 Golden Rules Of Investing

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John asks…

help homework buisness?

7. (TCO 4) The vice president of human resources at Ato Enterprises feels strongly that workers need to realize the benefits of their hard work. This reveals the firm’s responsibility to: (Points : 1)
customers
investors
society
employees

8. (TCO 4) Which of the following statements describes ethical behavior in the U.S? (Points : 1)
Due to the diverse cultures that make up the U.S., it is difficult to identify common standards of ethical behavior
The only common standards of ethical behavior in the U.S. are reflected in religious teachings
We can find common moral values that many Americans uphold, including respect for human life, self-control, honesty, integrity, and courage
Americans will generally describe the golden rule as the only statement of value that they uphold

9. (TCO 4) Many Americans define ethical behavior according to the situation in which they find themselves. This suggests that there may be situations where ________ to cheat, steal, or lie (Points : 1)
it is absolutely wrong
it might be OK
business people are expected
capitalism forces people

10. (TCO 4) Purposefully understating your firm’s income to avoid paying higher taxes is an example of: (Points : 1)
An accepted business practice
Tax accountants doing their job
Illegal behavior
A firm’s responsibility to its owners

11. (TCO 4) A high-level manager gathers his team of supervisors together to create a new office policy that will affect all employees at the company. After receiving a verbal nod from the supervisors, he then proceeds to pass around a written form of the new policy and asks all members of the team to initial it. He explains to the supervisors that the new policy will be posted in the breakrooms on each floor of corporate headquarters. If you were a part of this work team, which question would you ultimately ask yourself before initialing your approval of this policy? (Points : 1)
Is it legal?
Is it balanced?
How will it make me feel about myself?
Is it a lose-lose situation?

12. (TCO 4) Relationships between businesses and among nations (Points : 1)
should be based on international law, exclusively
should be based on fairness, honesty, openness, and moral integrity
should be scrutinized carefully to make some determination as to whether both sides have the same type of leader behavior when it comes to assigning work
will be adversarial because seldom does either side believe in win-win situations

13. (TCO 4) Following an ethics-based approach to decision making will normally lead to: (Points : 1)
higher profits
lower employee turnover
lower prices
more competition

14. (TCO 4) With respect to business ethics, it can be said that “it takes two to tango.” This indicates that: (Points : 1)
dancing around issues should be part of a firm’s code of ethics
an individual’s behavior is influenced by the behavior of others
teamwork eliminates a need for personal ethics
management is insensitive to ethical issues

15. (TCO 4) Several outside groups regularly monitor the activities of Metro Chemical Corporation. These groups are interested in the firm’s involvement and enforcement of their ethical and social responsibility policies. Who of the following is the least likely to be among the “watchdog” groups? (Points : 1)
The financial officer of a church with funds invested in the chemical company
Overseers from the World Trade Organization (WTO)
A student in environmental engineering attending a local college
The president of the union representing the workers at the chemical company

Justin answers:

Do you feel that the “World leaders” dont LEAD?
They only care budgets, taxes, cuts and not the humankind….
They dont care about enviroment, health, education, sciences, etc.

James asks…

can any one send me the golden rulls of investment by warren buffet ??? eg.when other gredy u shoud be fear?

2.if your portfolio lost 50 % of ur port folio if it creat a problem in ur stomuch dont enter in this mkt

like this 10 ruus are there can any one send me this

Justin answers:

“A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful,” said Buffett. “And most certainly, fear is now widespread, gripping even seasoned investors.”

This is the basic rule that Warrent Buffett explained on a video interview and that an article from CNN explains a little bit further.

Basically, before the crisis exploded, Warren Buffett had invested his money almost entirely in Treasury Bonds, which is almost like having all his money in cash with a protection for inflation. But now that many stock’s have lost more than 30% of their value, Warren is switching his entire porfolio to U.S. Stocks . He is now using his huge savings to buy cheap stocks.

He is investing on these companies not because he is just a good guy that wants to help them. He is investing because he knows that these companies have strong potential for future growth and now that their prices are very low it is the moment to buy.

This is like buying a house from somenone that is in financial trouble and is desperate to sell, causing that these guys sell their houses for a fraction of what they are really worth.

This reminds me of the old fable from Aesop “The Ant and the Grasshopper” and it couldn’t be more true. Obviously, while the rest of people where enjoying the boom of the stock and house markets, he was getting stronger in his cash position via saving in Treasury bonds, and then when the “winter” came in, he is now ready to use his cash to buy the leftovers of the “grasshoppers” at bargain prices.

While it sounds like a simple rule to follow, in reality it is hard to tell whether we are at the top or the bottom of a market. It’s difficult as economic cycles are never the same and some might last longer. In the case of Mexico’s economy, the last time we had a financial crisis was in late 1994 and now we are again at the brink of another one in late 2008, that is 14 years distance, and we went through smaller economic cycles in between.

This is my first financial crisis in my adult life and as a head of family, while I still have memories from the last crisis, it’s not the same now, as now I have duties that I didn’t have before. But I’m sure we all will learn valualble and painful lessons from this crisis that now has a global reach.

I think this artlcle will help you

Daniel asks…

What denomination of Christianity do my beliefs go in to.?

There are so many denominations in Christianity, that’s why I generally just say I am a “Christian” all together, and see it more as a “way of life” and “relationship/reconciliation” with God. I’ve generally been called “Evangelical” but because in my country mostly anyone who is a non-catholic christian is called an “evangélico”; excluding the sects (Mormonism, etc). I will share my beliefs so anyone could try and help me see what actual “denomination” I share more with. If a particular belief is not shared by anyone, I mean no offense at all it’s just my own personal thing. Generally, after some brief investigation I seem to think I probably fit into one of the following “Evangelical” , “Pentecostal” or “Baptist” but I may fit into a different one as well.

My beliefs:

*The Bible is the word of God.
*I don’t believe in the Pope, specific “dogmas” made by institutions but rather always having to refer to the Bible for answers.
*I believe Mary does not have any “specific” status superior than any other human being in Heaven, like some people call her “blessed above all woman on earth” “saint” etc. I believe she was just Jesus’s mother on Earth, and for that she is to be respected but nothing else.
*One must personally choose to accept God in his heart, this also includes baptise. It’s a personal choice, not one imposed on me at birth or something like that.
*I believe salvation is through God´s grace and true FAITH alone. But that we must truly try to live a Christian life style.
*I believe in the day of Judgment God will judge everyone “individually” and truly judge us upon what we knew in life, and with our hearts felt was the truth, etc.
*I believe in the Trinity.
*I believe temptation is not a sin, but rather acting on it.
*I don´t believe in extremism, because most people who claim to be “true” christians sometimes forget the Golden Rule that even Christ taught about respecting one´s neighbor etc even if we don´t share the same points of view!
*At my Church, usually there is about an hour of hyms and music to glorify the Lord (some really cool christian rock music), then about another hour of teaching from the Pastor expanding the teachings in the Bible to try and explain it to us in a more “human” way and with examples from every day life etc.
*I believe in giving the 10% (I don´t know how to translate diezmo into english). Because I believe that it will give us more blessings, and eventually we are investing that “10%” into bigger and greater blessings God will give us in times of need. Although I don’t believe you are less christian, or sinning, or condemned by not giving it.
*I believe you have the Holy Spirit in you once you personally accepted the Lord as your Savior, and if it is the Lord´s will he will grant you the gifts (such as speaking in tongues, healing, etc).
*I don´t actually know what to think of this exactly, because I have still a lot to learn about Christianity, but FOR NOW, I believe Baptism is a huge step to help us in our relationship with Christ, but that you can accept him with your heart, and die without being baptized and still be saved (I.E, people who decide to repent and accept Christ a minute before death).
*I believe to repent of sins is something that you can do anywhere, out loud or in silence, but for it to truly come from your heart. Always asking the father if it is his will to forgive you, in Jesus’s name amen. I believe that if you truly with your honest and sincere heart say “Heavenly Father, please forgive me for all my sins, if it is your will, in Jesus´s name, amen.” That´s enough to cover it!
*Jesus gave us a model prayer in the Gospels, but we can pray any way we please.
*I believe the Lord´s supper is to be taken very seriously.
*I DO NOT believe in preaching statues, idols, or anything. I don´t have “pictures” of what is supposed to be how Jesus looked like, I just try to refrain from that sort of thing, although I don´t think there is a problem just as long as they don´t worship that image. To me, I don´t care if you ripped that picture in my face with scissors it doesn´t at all change my faith!
*Our body has a “flesh” part, a “soul” part, and a “spiritual” part.

I can keep going on and on, but I think this is enough. Thank you.
Oh and I believe Science and religion can get along. I just think many people don’t know how to interpret things. Because I believe some things in the Bible we can interpret as metaphorically rather than literal. For example, the earth could have been made in 6 days, but remember for God 6 days could be 6000 days!! I also believe that things like “dragons shooting fire and flying” in Revelations, probably was just written like that so people back then with no knowledge of the future could understand, maybe they mean things such as “tanks, helicopters, bombs” etc.

Justin answers:

There are not supposed to be denominations in the Body of Christ since the body cannot be divided. It sounds like your doctrines are correct but if a church tells you that if you do not speak in tongues then you should leave that church and never return. Speaking in tongues is not given to everyone and some assemblies abuse it by not having any interpreters and use it solely for “proof” the Spirit is working in the assembly. Read 1 Corinthians chapter 14.

Also, there is no such thing as goving 10%, for that is law-keeping:

For if the willingness is there,
the gift is acceptable according to what one has, not according to what he does not have.
2 Corinthians 8:12

Each man should give what he has decided in his heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.
2 Corinthians 9:7

Just be a Christian and forget about the denominations.

Siempre somos el querpo de Christo, Amen.

Mark asks…

Why is religion bad business?

Here’s an economic reason why I think religion is a bad idea:

Of course I’m assuming religion as superfluous, which of course isn’t completely true.

1. Full-time clergy don’t help the economy in any way, because they don’t work. They just spend the money that is given to them and make a living off of that. In my books, they must as well count as the unemployed.

2. Theists donate money to the church, now I know some of it goes to charity but the other half goes to upkeep, contruction of churches and the paying full-time clergy. It’s much better to just donate directly to a charity.

3. The money people donate takes away from people’s disposable income. The more disposable income you have the more money you save. The more savings people have the the more money is invested into the bank or businesses. This leads us closer to the Golden Rule savings rate (ie. the consumption per efficiency unit of labour is maximized when we reach the Golden Rule savings rate)
Sorry about being so insensitive but economics is based on presumptions.
I know that religion helps a lot of people, I just think there’s more efficient ways to be helped.
I said full-time clergy several times.

Justin answers:

The Clergy in my religion are NOT PAID.. They support themselves by WORKING!…

EVERYTHING we have comes from God.. Our talents, abilities, skills, .. Everything.. And we are to pay 1/10 of our increase as Tithe to show gratitude and to acknowledge where these things come from…

I make more money now than before I started paying Tithing.

Charles asks…

I have 20k to invest? What do u think will make me money fast???? Within 30-60 days?

whats a brokerage account

Justin answers:

Your desire is a very typical one; the desire to make a quick return on your investment.

Remember that the golden rule of investing is — the higher the return, the greater the yield.

To get a good return you have to assume more risk of loss. If you do not want to risk loss, the reurns will be low, like bank CDs – they are fully insured by the FDIC, but the yield is about 5% or so, not a lot.

If you put your money into a volaitle and risky vehicle, like a junk bond, your risk is high that the investment will lose principal, but the yield will usually be tempting – in the order of 8-10% or even more.

Before you invest, ask yourself if you can afford to assume the risk level of the investment. Depending on your stage of life, young, mid-career, or retired, your risk tolerance will be different.

Just remember, the other rule of investing — there ain’t no free lunch.

George asks…

top contributor gets 10 points?

if you had 250k cash and you wanted to invest it in a real business to make a lot of money what would you do? Serious answers only please

Justin answers:

Dude golden rule never put all ur eggs in one basket.

Simple formula

make atleast five portions and invest in five different places

real estate, stocks, currencey mkt, mutual fund, govt funded securities, commodities, swap and bonds go for it.

High risk high return

low risk low return

Donald asks…

what is proceedure for investing? plz give me more details?

Justin answers:

The sooner one starts investing the better. By investing early you allow your
investments more time to grow, whereby the concept of compounding (as
we shall see later) increases your income, by accumulating the principal and
7
the interest or dividend earned on it, year after year. The three golden rules
for all investors are:
§ Invest early
§ Invest regularly
§ Invest for long term and not short term
What care should one take while investing?
Before making any investment, one must ensure to:
1. Obtain written documents explaining the investment
2. Read and understand such documents
3. Verify the legitimacy of the investment
4. Find out the costs and benefits associated with the investment
5. Assess the risk-return profile of the investment
6. Know the liquidity and safety aspects of the investment
7. Ascertain if it is appropriate for your specific goals
8. Compare these details with other investment opportunities available
9. Examine if it fits in with other investments you are considering or you
have already made
10. Deal only through an authorised intermediary
11. Seek all clarifications about the intermediary and the investment
12. Explore the options available to you if something were to go wrong,
and then, if satisfied, make the investment.
These are called the Twelve Important Steps to Investing.
One may invest in:
§ Physical assets like real estate, gold/jewellery, commodities etc.
And/or
§ Financial assets such as fixed deposits with banks, small saving
instrume nts with post offices, insurance/provident/pension fund etc.
Or securities market related instruments like shares, bonds,
debentures etc.

Broadly speaking, savings bank account, money market/liquid funds and
fixed deposits with banks may be considered as short-term financial
investment options:
Savings Bank Account is often the first banking product people
use, which offers low interest (4%-5% p.a.), making them only
marginally better than fixed deposits.
Money Market or Liquid Funds are a specialized form of mutual
funds that invest in extremely short-term fixed income instruments
and thereby provide easy liquidity. Unlike most mutual funds, money
market funds are primarily oriented towards protecting your capital
and then, aim to maximise returns. Money market funds usually yieldbetter returns than savings accounts, but lower than bank fixed
deposits.
Fixed Deposits with Banks are also referred to as term deposits
and minimum investment period for bank FDs is 30 days. Fixed
Deposits with banks are for investors with low risk appetite, and may
be considered for 6-12 months investment period as normally
interest on less than 6 months bank FDs is likely to be lower than
money market fund returns.
Long-term financial options available for
investment are:-
Post Office Savings Schemes, Public Provident Fund, Company Fixed
Deposits, Bonds and Debentures, Mutual Funds etc.

Hope this helps u…

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Free program to cover investing in real estate

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Free program to cover investing in real estate

Wilkinsburg real estate investor Kasey Connors will discuss buying, renovating and owning property at 10 a.m. next Saturday at the Landmarks Housing Resource Center, 744 Rebecca Ave., Wilkinsburg (15221). The talk is free and presented by the
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Investing In 2013: Remember 1977

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Investing In 2013: Remember 1977

We are all constantly reminded by Fed Chairman Ben Bernanke and politicians that we are reliving the depression of the 1930s. How the sage at the wheel at the Fed has studied the era and has the remedy to overcome the ailment through large rounds of
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The Significance of Disciplined Investing For Lengthy Term Gain

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If you are a professional, you have to be disciplined with your company ventures to ensure success. The same is accurate of shares when you are investing in the stock marketplace. Disciplined investing will consider education and apply. Though you may have the ability to consider treatment of your stocks, the self-discipline facet is particular to get much better with practice.

Specific investment losses are introduced on by a number of unique factors. Some of these variables involve bear markets, inadequate expertise, very poor investment choices, poor guidance, businesses that go bankrupt, selling from your emotions, and buying at the incorrect time. Although all of these are variables that perform a function in the overall well being of your investment portfolio, with disciplined investment techniques you can prevail over all the issues playing a part in failure.

Practically any investment professional will probably advise you that a lack of discipline is the primary cause why traders end up dropping their lifestyle savings in the marketplace. Though almost all experienced traders understand this, it is a surprise why nearly half of all new investors fail. Is it that traders do not have the drive to be disciplined or that they simply don’t know the way to be disciplined when it arrives to money and stocks? All issues considered, discipline is a character trait that’s built into the vast majority of our species. Even although children discover out the greatest way to use self-discipline early on in life, as we get older, we choose when we do and do not wish to be disciplined. When you are participating in a activity or a pastime, probabilities are you practice to get a lot better. This type of self-discipline is the exact exact same type of capability that ought to be centered on your investment portfolio.

Disciplined investing does not suggest there is a specific method for investing to finish up being a millionaire overnight. It means you will need to approach the marketplace just like you are approaching your favorite sport. One of the principal reasons traders have a issue investing in a disciplined way is because they do not follow unique guidelines about the right kind of investing. By sticking with set up guidelines, you can be successful.

Having effective techniques that are primarily based about long phrase earnings will require to be considered guidelines in investing. It is important to discover techniques that work and then adhere to them to the “T.” The same as when you are using part in a sport, you can’t choose to disregard a flag on the perform if you do not feel like losing 10 yards on 2nd down. Precisely the same goes with investing. You cannot just disregard a precursor merely simply because your feelings are telling you to disregard it. This will lead to failure very rapidly.

Lucrative investing can be simple, systematic, and rational. The guidelines you ought to stick to when you are discovering the correct way to commit aren’t complex. With the right set of rules you are heading to have the ability to act decisively in all marketplace scenarios, avoid significant losses, and manage your portfolio your self. Stand on your personal two feet and decide your personal financial future with disciplined investing.

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Getting Started in House Investing

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Begin little to minimise danger

When starting any new venture there is an component of danger. This risk is present due to absence of experience, and absence of knowledge. However, the best way to discover is to get began and learn as you go, dealing with challenges as they come. Only ever invest what you can comfortably pay for to lose, then you will always rest at night.

Investment Property Risk

The risks of investing can be sizable, and require to be regarded as when you are operating out your beginning strategies. Especially in the monetary sector, regulations are set in location that penalise the investor for modifications in technique (eg selling 1 asset and buying another, or break up of a partnership and so on). For example, when you sell an investment house, the penalties you pay include:

Richesse Gains Tax
Commissions to the actual estate agent
Bank fees for discharge of your mortgage
Legal Fees

These fees (dangers) could variety from minimum to tens or hundreds of 1000’s of bucks (or more).

Share market risk

When you invest in the share marketplace, the penalties you spend are mainly brokers charges, and these will reduce your earnings, particularly if you sell before your shares rise in worth.

Other risks from property and shares consist of: actuel damage, repairs, home loan interest (especially if interest rates rise), and margin calls (charges the financial institution charges you if your shares drop in price and you have borrowed against them)

Starting small involves purchasing an inexpensive first investment house, or investing in the share market (or other asset course) with an quantity that you can easily pay for. Is it dangerous to be highly leveraged (borrow significantly in opposition to an asset) when you initial start investing. Similarly when beginning a business, think about starting little and creating your company while you discover. Borrowing seriously to begin a company can also be extremely risky (we have all heard that 80% of businesses fall short in the first 5 years!)

By beginning little, you can allow your first investment to develop, and then re-invest the capital (profit) into your next investment (either by promoting and realising the gain, or by borrowing against the equity.

How to get started?

The best way to start in any enterprise is to discover as much as you can initial, and when you are satisfied with your training, buy the greatest investment / company you can easily purchase at the time. It will most likely be the worst investment you at any time buy, but getting started will be the greatest investment you at any time make. Don’t be afraid to take motion – if you by no means really purchase an investment, then you are never going to be an investor.

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