Forecasting report

/in /by

 You have been tasked with preparing and presenting a 5 year forecast to upper management. Select a publicly traded retailer who has at least the last three years of financial statements publicly available. Use those financial statements and the assumptions listed below. If further assumptions need to be made, make reasonable assumptions and list both the assumption and your logic within the report itself.

Task

Your deliverable will be a Forecasting Report providing a 5 year forecast of the balance sheet and income statement to upper management. You have been reminded that, executives are extremely busy; therefore you will need to keep the executive summary which shall accompany your schedules to a maximum of two pages.

Income Statement Forecast Assumptions:

Sales

Assume that sales will grow 4.0% each year from Year +1 through Year +5.

Cost of Goods Sold

Assume that the cost of goods sold to sales percentage will be 75.0% for Year +1 to Year +5.

Selling and Administrative Expenses

Assume that the selling and administrative expenses will average 19.0% of sales for Year +1 to Year +5.

Interest Income

Assume the Company will earn interest income based on a 2.6% interest rate on average cash balances (that is, the sum of beginning and end- of-year cash balances divided by 2) for Year +1 through Year +5.

Interest Expense

If applicable, assume a 4.2% interest rate for all outstanding borrowing (short-term and long-term debt, including capital leases, and the current portion of long-term debt) for the Company for Year +1 through Year +5. Compute interest expense on the average amount of interest-bearing debt outstanding each year. (Note: Projecting the amount of interest expense must await projection of the interest-bearing debt accounts on the balance sheet.)

Income Tax Expense

Compute the average effective income tax rate for the past three years and assume your company’s effective income tax rate remains constant (@ the three year average) for Year +1 through Year +5. (Note: Projecting the amount of income tax expense must await computation of income before taxes.)

Balance Sheet Forecast Assumptions:

Cash

Use the cash as the “flexible” financial account to equate total assets with total liabilities plus shareholders’ equity. Projecting the amount of cash must await projections of all other balance sheet amounts.

Accounts Receivable

Assume that accounts receivable will continue to turnover at the same rate and increase at the growth rate in sales.

Inventories

Assume that ending inventory will continue to be equal to 44 days of cost of goods sold, in Year +1 to Year +5.

Prepaid Expenses

Assume that prepayments will grow at the growth rate in sales.

Property, Plant, and Equipment

Compute the average property, plant and equipment additions over the previous three years.  Assume that property, plant, and equipment will continue to grow at the same rate (or dollar amount) each year from Year +1 through Year +5.

Accumulated Depreciation

Assume the Company recognizes a full year of depreciation on new property, plant, and equipment in the first year of service.

Accounts Payable

Assume that ending accounts payable will approximate 40 days of inventory purchases in Years +1 to +5. To compute the ending accounts payable balance using a 40-day turnover period, remember to add the change in inventory to the cost of goods sold to obtain the total amount of credit purchases of inventory during the year.

Accrued Liabilities

Assume that income taxes payable and deferred tax assets and liabilities grow at 3.0% per year in Year +1 through Year +5.

Short-Term Debt, Current Maturities of Long-Term Debt, Capital Leases, and Long- Term Debt

If your Company has debt then assume the short-term debt, current maturities of long-term debt, and long-term debt will grow at 3.0% per year in Year +1 through Year +5.

Common Stock and Additional Paid-in Capital

Assume that common stock and additional paid-in capital will continue to be 2.0% of total assets for Year +1 through Year +5.

Retained Earnings

Assume that Company will maintain a policy to pay dividends equivalent to 30% of net income attributable to Company shareholders in Year +1 through Year +5

Cash

Assume the Company uses cash as the flexible financial account to balance the balance sheet. The resulting cash balance each year should be the total amount of liabilities and shareholders’ equity minus the projected ending balances in all non-cash asset accounts.

Section A: Criteria

  • Design a spreadsheet and prepare a set of financial statement forecasts for your selected Company for Year +1 to Year +5 using the assumptions that were provided. Project the amounts in the order presented (unless indicated otherwise) beginning with the income statement and then the balance sheet. For this portion of the problem, assume that the Company will exercise its financial flexibility with the cash and cash equivalents account to balance the balance sheet.
  • Assume your Company’s dividend policy is to payout 30% of net income. Determine the total amount of dividends the Company could pay each year under this scenario.
  • Identify one potential benefit that increased dividends could create for the financial management of the Company. Include these benefits as part of the executive summary in Part 5.
  • Calculate and compare the return on common equity for the Company using the forecast amounts determined in Requirements 1 for Year +1 to Year +5.
  • Executive Summary of results (not to exceed 2 pages)

Week 3 Discussion HUM1002

/in /by

 Week 3 DiscussionDiscussion Topic Task: Reply to this topic Overdue – Last Fri at 12:59 AM

By the due date assigned, respond to the assigned discussion questions and submit your responses to the appropriate Discussion Area. Start reviewing and responding to your classmates as early in the week as possible.

Question 1: Monumental Architecture and Sculpture

The cultures we studied this week produced architecture and monumental sculpture, in addition to smaller works of art. Locate three examples of architecture or monumental sculpture from three different cultures listed here: India, China, Japan, Korea, or the Pacific Cultures.

First, completely identify each structure or sculpture you would like to discuss by listing its name, date, and location.

In a minimum of 3 well-developed paragraphs address the following questions:

  1. Who created each work of architecture or sculpture? Who commissioned its creation?
  2. What historical events or social or cultural influences affected the creation of each work?
  3. How do the visual characteristics of each work contribute to or enhance its message or meaning?
  4. How do the reasons these works were created compare with those of a more modern example of monumental art work, such as Mount Rushmore, the 9/11 Memorial, etc.?

Be sure to explain your ideas clearly and support them by discussing specific details about each work of architecture or monumental sculpture.

Question 2: The Function of Art Objects

Some of the art objects created by the cultures surveyed this week, whether African masks, Japanese tea bowls, or Micronesian navigational charts, served functional roles in their society. Locate three such objects, one each from the following: Asia, Africa, or the Pacific Cultures.

First, completely identify each object you would like to discuss by listing its name, date, and location.

In a minimum of 2 well-developed paragraphs discuss:

  1. What was the function of each object at the time of its creation?
  2. What historical events or social or cultural influences affected the creation of each work?
  3. How do the visual characteristics of each object contribute to or enhance our understanding of its meaning?

Be sure to explain your ideas clearly and support them by discussing specific details about each work.

Respond to both questions as thoroughly as possible, making sure to use information from the readings and the lectures. All responses should be in complete sentence form, using proper spelling and grammar.

Documenting Children’s Learning

/in /by

Attached Files:

Title: Documenting Children’s LearningDue to the pandemic, it is understood that many people are not working with children. Please call Cherubs Childcare #2 Address: 2115 Rim Rd, Fayetteville, NC 28314 Phone: (910) 864-4627For this reason, you will find a child (your child, friend, family member child between 0-8 yrs old)Introduction
 Anecdotal record documents a student’s growth and trends. Such records are intended to be brief, factual accountings. The recorded observations are intended to identify the child’s current skill level, interestsThe Assignment/Grading Criteria:

  1. Select a child (1) who is between Birth-8 years of age. The child you select is the focus in your anecdote. – 10 points
  2. Be specific and date each anecdote.  Times – note the beginning time of significant moment. Write verbs in past tense. -10 points
  3. Follow the child as s/he moves, if necessary. Quickly record in sequence all activity and try to quote, word for word, the child’s speech and interaction ( Note if the record pertains to social, cognitive, physical, or language domain.  )
  4.  Write up your observation using a minimum of 300 words- 30 points
  5. 5.Observation- Tell me about the thoughts which guided your observation. – 20 points
    • What questions guided your observation?

    6. Findings- Report your results and interpret what you observed. 30 points

  • What did you observe?
  • What did you learn about your target child?
  • What new questions do you have about your target child now?

** Avoid subjective statements where you give your opinion or make inferences about things**It is not necessary to quote a teacher’s comments; just summarize teacher comments. Resources:
Anecdotal Records-NAEYC-Article.pdf Anecdotal Records-NAEYC-Article.pdf – Alternative Formats  

Be sure to read the assignment and click all links to show how the assignment should be done.

Week 5: Ethical and Legal Implications (orig post due Wednesday, responses due Sunday)

/in /by

 

Purpose 

Discuss potential complications in a clinical scenario at an out-patient family practice. Students will explore potential effects on patient outcomes and implications for members of the heath care team as a result of conflict among the healthcare team.  Students will develop strategies that result in prevention of untoward outcomes that result in a positive practice culture. 

Requirements:

You are a family nurse practitioner working in an outpatient primary care office of a large hospital system. The practice has been operating for over 15 years, and many of the administrative and clinical staff were hired when the practice opened. You have been in the practice for less than 3 months. In that short amount of time, you have witnessed several of the clinical staff engaging in heated arguments with each other, sometimes in patient areas. You overhear an argument occurring today between two staff. You pick up a patient’s chart and notice a very low blood pressure that the medical assistant failed to notify you about. When you confront the MA, she states that she was going to report the vital signs to you when she became engaged in the heated argument you overheard and forgot to notify you. 

Unfortunately, this pattern of behavior is not unusual in this practice. Working with staff who cannot cooperate effectively can negatively influence your ability to spend time with patients, can impede the flow of patients through the office, and could impact patient safety. 

Case Study Responses: 

  1. Analyze the case study for potential issues for members of the healthcare team from office conflict. Contrast the potential effects for each member of the healthcare team based upon the required readings from the week. Discuss the potential ethical and legal implications for each of the following practice members: 
    • Medical assistant 
    • Nurse Practitioner 
    • Medical Director 
    • Practice 
  2. What strategies would you implement to prevent further episodes of potentially dangerous patient outcomes? 
  3. What leadership qualities would you apply to effect positive change in the practice? Focus on the culture of the practice.
  4. A scholarly resource must be used for EACH discussion question each week.

NU560-WEEK5-DISCUSSION2-REPLY1

/in /by

 

Lewin’s Change Management Theory is a standard theory used by nurses across specialty areas for various quality improvement plans to modify care at the bedside (Wojciechowski et al., 2016). According to new research, Lewin’s Change Management Model consists of three key phases: unfreeze, change, refreeze. These steps refer to the three-stage process of change that he describes. The first phase, unfreezing, involves preparing the team or unit to accept that change is necessary, which involves breaking down (melting) the existing status quo before introducing a new way of operating. Developing a compelling message to exhibit why there must be a change is critical. The second phase of change occurs when people begin exploring new ways of accomplishing tasks or improving the old ways. Refreezing, the third step of the model, is when the new changes have taken shape and those who are practicing the advancements are embracing the updated policies (Lewin’s Change Management Model: Understanding the Three Stages of Change, n.d.).

Healthcare systems must be adaptive to maintain equilibrium and survive as change is a constant (Wojciechowski et al., 2016). Using Lewin’s Change Model is an excellent approach to introduce best practices to guarantee willing participation and understanding from those involved. Change, in general, can be scary or unpredictable to some. People need time to understand the how and why of changes, and they also need to feel deeply connected to the group throughout the transition period (Lewin’s Change Management Model: Understanding the Three Stages of Change, n.d.). Giving time and support through a hands-on approach would ensure a smooth transition to new practices. According to Wojciechowski et al. (2016), Lewin’s change theory has a few criticisms. Lack of accountability for the cooperation of individuals or groups involved and a failure to address the complex processes of change are among the critiques. As evidenced by this study, Lewin’s model should be used in conjunction with other models to ensure a comprehensive strategy to introduce and implement change. Additional models would compensate for these shortcomings.

SLIDESHOW HR metrics used to track and monitor employee turnover and vacancies

/in /by

Instructions

Like many other functional roles within the modern organization, human resources departments are being cast with identifying measures that can be used to determine their overall levels of effectiveness. Additionally, these metrics can be used to identify problems within the organization that can be addressed become before they become more serious. Many human resources departments are adopting a variety of metrics to evaluate the overall health of their organizations, specifically related to their employees. In this assignment, you will explore the HR metrics used to track and monitor employee turnover and vacancies.

You are the HR manager of an organization. Your supervisor asks you to prepare a Microsoft PowerPoint presentation explaining the following:

  • The various HR metrics used to track and monitor employee turnover and vacancies.
  • The HR metrics used to track and monitor employee turnover and vacancies in your organization.
  • Benchmarks that should be used to compare the findings of your organization
    our assessment of the turnover and vacancy rate in your organization.
  • Your suggestions for improving current HR metrics used in your organization.
  • Use both peer-reviewed articles and materials that are publicly available through company websites in the popular press.
  • The presentation should be at least 10 slides not including the first slide and references.
  • Ensure that slides appear professional.
  • Include sources used.

research design and sampling

/in /by

 

Using the empirical research article that your instructor approved in the Week 5 assignment, ask yourself: “Is this a quantitative research article or a qualitative research article?” Remember, in quantitative research, the emphasis is on measuring social phenomenon because it is assumed that everything can be observed, measured, and quantified. On the other hand, in qualitative research, it is assumed that social phenomenon cannot be easily reduced and broken down into concepts that can be measured and quantified. Instead, there may be different meanings to phenomenon and experiences. Often in qualitative research, researchers use interviews, focus groups and observations to gather data and then report their findings using words and quotations.

Consider how these different methods affect the sampling design and recruitment strategy, and ask yourself how the recruitment of research participants will affect the findings.

For this Assignment, submit a 3-4 page paper. Complete the following:

  • Read your selected empirical research article, and identify whether the study is a quantitative or qualitative study. Justify the reasons why you believe it is a quantitative or qualitative study. (Your instructor will indicate to you if you are correct in identifying the research design. This will point you to whether you will use the “Quantitative Article and Review Critique” or the “Qualitative Article and Review Critique” guidelines for the final assignment in week 10.)
  • Using the empirical research article, focus on the sampling method in the study and begin to evaluate the sampling method by answering the following:
    • Describe the sampling methods in your own words (paraphrase, do not quote from the article).
    • Describe the generalizability or the transferability of the research finding based on the sampling method.
    • Discuss the limitations the article identified with the sample and how those limitations affect the reliability or credibility.
    • Explain one recommendation you would make to improve the sampling plan of the study that would address these limitations in future research.

Calculate the personal income tax by using profile software.

/in /by

James Doode decided to start his own personal business in 2019 after retiring from the Canadian Armed

Forces. Upon retirement in 2018, James elected to receive immediate monthly pension payments from

his employer's pension plan. James� business consists of a motorcycle shop known as James�

Specialty Bike Shop, selling and repairing motorcycles (industry code 441220). James proudly specializes

in customizing motorcycles such as exotic choppers to very exclusive clients.

James hired you to prepare his personal tax return for the year 2020, as well as for his common-law

partner, Susan Bond. James and Susan want to pay the very least tax possible. They will use any

election or choice legally available to them to achieve that objective. James' income is mainly from his

pension and personal business. Attached is an Appendix showing the relevant financial information pulled

from the accounting records for James' business. The amounts shown have not been adjusted for tax

purposes. James expects you to identify which items are allowed for tax purposes to comply with the tax

laws in Canada.

James and Susan have other income from their investments and rental property. Below is the information

needed to prepare their tax returns. Tax forms James and Susan received are included on the Case

Study link as separate documents.

Detailed Information:

James was born on November 1, 1970. He is divorced but currently lives with Susan Bond, his common-

law partner, at 123 Main Street, Anytown, Ontario, K0H 1H0. Both have been living together for several

years now. James� Social Insurance Number (SIN) is 527-000-145. Susan�s SIN is 130-692-544.

Susan was born on December 2, 1970 and has been blind since birth but still manages to work as a

bookkeeper. Susan�s main source of income is the salary she received working as a bookkeeper at

James� Specialty Bike Shop during the entire year – see T4 slip issued to Susan for 2018 and financial

information from James' business records in the Appendix. She also has income from joint investments

with James (see further below).

During 2020, James received bi-weekly pension payments from his former employer's pension plan for a

total pension income of $50,000 – see T4A slip issued to James for 2020 (box 16). Federal income tax of

$8,000 was withheld at source on that pension income – see box 22 of the T4A slip.

James has spousal support obligations from his previous marriage. He is required to pay $1,000 per

month to his former spouse (Mary Doode; SIN: 527- 000-129) in accordance with a court order. During

the year 2020,James was only able to pay 3 months worth of support. James and Susan have no children

but James' older brother Rick lives with them on a permanent basis since 2016 as he cannot live on his

own due to a permanent mental disability. Rick was born on June 10, 1966 and has $8,000 of social

assistance income for 2020 under the Ontario Disability Support Program. His SIN is 527-000-947. Forms

T2201 have already been filed with CRA in previous years for both Susan and Rick and their condition

has not changed since.

During 2020 James received $7,000 of eligible dividends on shares he owns of the Great Bank of

Canada, a Canadian public company – see the T5 slip James received from the bank (box 24) for 2020

No income tax was withheld on that dividend. James and Susan also earned interest income for a total of

$5,000 during 2020 from a joint investment account(co earned 50% – see the T5 slip James and Susan

received from the bank (box 13) as co-owners. No income tax was withheld on that income either. During

the year 2020, James sold $2,000 were paid by James in 2020 to the financial planner. Following the

advice obtained, James sold 2000shares of the Great Bank (a publicly traded company) that he had

acquired over the last 10 years with an average cost of$21.00 per share. The shares were sold on June

1, 2020at a price of $71.00 per share, on which a 1% commission was paid to a broker.

Rental Activities

James and Susan acquired jointly 50% each a rental property during 2020 The property was acquired on

February 1, 2020 and immediately leased for a 1-year period that young family recently moved to the

area for $3,500 per month. Below is the information relating to that property for 2020, which is shared

equally between James and Susan (50% each):

Address: 121 Main Street, Anytown, ON (co-owned by James and Susan equally, 50% each)

Cost of property purchased: $395,000 of which $55,000 was for the land. Cost of additions made to the

building in 2020: $90,000 addition of garage.This addition ,it was agreed that the rent for the home

increase to $4,000 per month starting November 1,2020.

Revenues

Gross Rents $36,000

Expenses

Property taxes $3,200

Insurance 1,100

Interest on mortgage 6,300

Mortgage principal 1,525

Regular maintenance & repairs 3,000

During 2020, James and Susan sold a cottage they jointly owned (50% each) located at 123 Beach Lane,

AnyLake, ON. They had purchased the cottage back in 2010 at a cost of $60,000. They sold the cottage

on  2020  jun 15 for $260,000 cash. All transaction costs were borne by the purchaser. James and Susan

do not want to designate the cottage as their principal residence because they feel their current home has

a much greater accrued gain and want to preserve the principal residence tax exemption for that property

instead.james also sold a board he owned near the cottage. The boat has cost of $35,000 and was sold

for $15,000 on June 20,2020.

James contributed $22,000 into his own RRSP on September 1, 2020. James wants to deduct the

maximum amount this year. His unused RRSP Deduction Room at the end of 2019 was $10,500 and his

Earned Income for 2019 (business income) was $60,000. He had no Pension Adjustment for 2019. Susan

also contributed $6,000 to her own RRSP on the same date. Her unused RRSP Deduction Room at the

end of 2019was $1,500 and her Earned Income for 2019 was $20,000. She had no Pension Adjustment

for 2019.

While talking with James you discovered that  as a former member of the Canadian armed forces he

remains on call for his high risk search and rescue mission .during the year 2020 James worked 275

hours volunteer on search and rescue mission for which he did not received any compensation. 

Finally James paid following medical in 2020.

Jun1 2020 James chiropractic 2,000

Jun5 2020 Susan prescription 900

Dec 20 2020 susan prescription 900

Every 2 month Rick  prescription 600 per 3600

Total medical expenses for 2020 $7400.00

Finally James paid federal income tax installments of 2500 quarterly to the CRA through out the year

2020 for the total of 10,000.

APPENDIX 

Accounting Information for 2020 

James' Specialty Bike Shop 

Revenues

Motorcycle and Parts Sales $320,000 

Expenses

Purchase of inventory, parts and supplies (Note 1) $110,000 

Golf club dues (Note 2) 5,000 

Fines and penalties (Note 3) 7,500 

Insurance (Note 4) 5,000 

General office expenses 3,000 

Home Office expenses (Note 5) 3,012 

Salaries (Note 6) 58,000 

Employer contributions to CPP and EI 3,960 

Depreciation (Note 7) 45,650 

Loss on sale of equipment (note 7) 8,250 

Truck expenses (Note 8) 5,700

Total Expenses $255,072

Note 1: The opening inventory on January 1, 2020 was $15,000. The closing 

inventory on December 31, 2020 was $35,000. 

Note 2: James joined the local golf club to find new customers. The 

membership cost was $5,000 for the year. 

Note 3: In 2019 the business was sued for selling branded motorcycle parts 

without proper authorization from the brand owner. In early 2020, James reached 

an out-of-court settlement with the brand owner which provides that James will 

pay a penalty of $7,500 for pre-2020 transactions that were completed without 

proper authorization, in exchange for the brand owner dropping the charges 

against him. The penalty was paid February 1, 2020. The agreement also 

provided that James would enter into a new distributorship agreement with the 

brand owner effective January 1, 2020 – see Note 7 below for further details 

under "Intangible Assets". 

Note 4: The insurance expense includes the cost of the truck insurance of 

$2,000 – see Note 8 below. 

Note 5: Starting January 1, 2020, James moved the bookkeeping office from the 

shop to his home. A room representing 12% of the 1,000sq.m. home was set 

aside for the exclusive use of Susan's bookkeeping functions. The home has a 

cost of $500,000. Below are the costs for 2020 relating to the home office space: 

Home Insurance $1,500 

Interest on mortgage $8,500 

Property taxes $5,200 

Home telephone line $800 

Utilities $5,100 

Maintenance and repairs $4,000

TOTAL $25,100 x 12% = $3,012 

Note 6: There are 2 employees: one mechanic (George Dewlitle) and one 

bookkeeper (Susan Bond). George was paid a gross salary of $33,000 for 2020 

while Susan was paid a gross salary of $25,000 for 2020. The T4 slip for Susan 

is included as a separate pdf document to this case study for your information, 

confirming the CPP contributions ($1,128.75 – box 16), EI premiums ($395.00 – 

box 18) and Federal Income tax ($5,000.00 – box 22) withheld at source on her 

salary for 2020. 

Note 7: The following is the information relating to the fixed assets of the 

business. 

Building: The building is 3,000 sq.m. located at 124 Main Street, Anytown, ON. A 

third (1/3) of the surface is used as a showroom for the customised motorcycles. 

The rest of the building (2/3) is used as a shop for mechanic and customization 

work. The building was constructed on March 1, 2019 at a cost of $195,000. The 

UCC for tax purposes (class 1) at the beginning of 2020 was $189,150. 

Truck: The truck is a Ford F150 extended cab pick-up that James uses for both 

business and personal purposes – see Note 8 for operating costs. The truck was 

purchased on June 1, 2019 at a cost of $55,000. For tax purposes, maximum 

CCA was deducted in 2019 leaving a UCC balance on January 1, 2020 of 

$25,500. 

Other Tangible Assets: The following details relate to the other fixed assets used 

in the business: 

CCA UCC Balance 

Description class Jan.1, 2020

Customizing tools and equipment class 53 $9,000 

Computer-assisted design equipment class 12 $7,500 

Computer class 50 $2,538 

Class 53 

Customizing tools were acquired on March 1, 2019 at a total cost of $12,000. 

For tax purposes, maximum CCA was deducted in 2019 leaving a UCC balance 

on January 1, 2020 of $9,000. Additional new equipment was acquired on 

December 1, 2020 at a cost $45,000. 

Class 12 

Computer-assisted design (CAD) equipment was acquired on March 1, 2019 at a 

cost of $15,000. For tax purposes, maximum CCA was deducted in 2019 leaving 

a UCC balance on January 1, 2020 of $7,500. During 2020, James decided to 

replace the CAD equipment because it was not performing well enough for the 

demands of his growing business. A new more powerful CAD equipment was 

purchased on March 1, 2020 at a cost of $55,000. The vendor of the new 

equipment accepted to take the old equipment in exchange. A trade allowance of 

$3,000 was received for the old equipment. The net book value for accounting 

purposes was $11,250 resulting in a loss of $8,250 included in the total expenses 

for accounting purposes for the year. 

Class 50 

Computer hardware was acquired on March 15, 2019 at a total cost of $3,500. 

For tax purposes, maximum CCA was deducted in 2019 leaving a UCC balance 

on January 1, 2020 of $2,538. No further additions were made in 2020. 

Intangible Assets: On January 15, 2020, James signed a new 25-year 

distributorship agreement with the owner of a well-known motorcycle brand. 

James paid $100,000 to obtain the 25-year license, which is effective January 1, 

2020. 

Note 8: James has a truck that he uses for both business and personal 

purposes. Total distance driven for the year was 29,500km of which 90% were 

for business (26,550km). Total truck expenses for 2020 paid by the business 

were as follows (included in the financial information above): 

Insurance $2,000 

Fuel $3,200 

Maintenance $2,500

Debate – S Corporations

/in /by

One full Page double space. Argue and debate the answer of my colleague. 

Situation:

 William Sharp was the sole shareholder and manager of Chickasaw Club, Inc., an S corporation that operated a popular nightclub of the same name in Columbus, Georgia. Sharp maintained a corporate checking account but paid the club’s employees, suppliers, and entertainers in cash out of the club’s proceeds. Sharp owned the property on which the club was located. He rented it to the club but made mortgage payments out of the club’s proceeds and often paid other personal expenses with Chickasaw corporate funds.

At 12:45 a.m. on July 31, eighteen-year-old Aubrey Lynn Pursley, who was already intoxicated, entered the Chickasaw Club. Chickasaw employees did not check Pursley’s identification to verify her age, as required by a city ordinance. Pursley drank more alcohol at Chickasaw and was visibly intoxicated when she left the club at 3:00 a.m. with a beer in her hand. Shortly afterward, Pursley lost control of her car, struck a tree, and was killed. Joseph Dancause, Pursley’s stepfather, filed a tort lawsuit against Chickasaw Club and William Sharp.

Debate this: 

 The sole shareholder of an S corporation should not be able to avoid liability for the torts of her or his employees .

ANSWER OF MY COLLEAGUE:

 

“On a balance of probability, the S corporation’s sole shareholder should not avoid responsibility for the tort actions of their employees. Hence, I consent to the statement. In this context, the sole shareholder’s involvement in the management of the club operations makes him liable for any tort action that occurs to the patrons. Because he owes the patrons a duty of care, he should not permit his employees to allow excessive alcohol consumption in the club as a reasonable person. The patrons like Pursley would not consume alcohol that exposes them to risks of losing their lives. Again, the sole shareholder cannot avoid liability because; once the employees notice that their clients’ alcohol consumption may pose a danger while driving they should ensure the patrons arrive safely at their destination. It can be through driving the client home or making arrangements that ensure patrons reach home safely. Therefore, the sole shareholder is vicarious liable for the damage that the patrons or clients accrue following employees’ recklessness. “

help need this in about 4 hrs

/in /by
  • Given an equation of a line, find equations for lines parallel or perpendicular to it going through specified points. Find the appropriate equations and points from the table below. Simplify your equations into slope-intercept form.
  • Use your assigned number to complete.
  • line parallel                                                               perpendicular

y = -3x – 6; (-1, 5)             y = -3x – 6; (-1, 5)

  • Discuss the steps necessary to carry out each activity. Describe briefly what each line looks like in relation to the original given line.
  • Answer these two questions briefly in your own words: 
    • What does it mean for one line to be parallel to another?
    • What does it mean for one line to be perpendicular to another?
  • Incorporate the following five math vocabulary words into your discussion. Use bold font to emphasize the words in your writing (Do not write definitions for the words; use them appropriately in sentences describing your math work.):
  • Origin 
  • Ordered pair 
  • X- or y-intercept  
  • Slope   
  • Reciprocal

Your initial post should be 150-250 words in length. Respond to at least two of your classmates’ posts by Day 7 in at least a paragraph. Make sure you choose people who don’t have the same equations as you worked. Do you agree with how they used the vocabulary? Do their equations seem reasonable given what they started with?