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Income Statement

Income Statement

Introduction

The trial balance data for Nybrostrand Company with additional information are used to prepare the list of adjusting and closing entries and to compose income statement for the period ending 31 December 2012 in accordance with US GAAP.

Unadjusted trial balance: past years’ retained earnings

Before composing the income statement, other potential sources of errors in the bookkeeping process should be sought for and corrected. The unbalanced trial balance means there is an error in some of the accounts (“Balancing an Unbalanced Trial Balance”, 2010). The most probable source of error is supposed to be retained earnings account which balance is not included in Continue reading...

Foundation Course –

Luxury hotels are a very lucrative business in Central London. Between the tourists, business events, and local consumers, the potential for revenue is endless. The need for a new luxury hotel located in Central London is growing. The cost associated with starting a hotel from scratch is significant. In researching alternative, the opportunity for a merger presented itself. The new hotel, Wivenhoe House Hotel, will be a merger from the two successful hotels, Wivenhoe House Hotel, and St James Court, A Taj Hotel will merge. The extensive cost reduction and ability to take the successful practices that these two Continue reading...

International Business

Executive summary
The present paper sheds light on country profiles of Ethiopia and Norway, along with a discussion of their cultural characteristics on Hofstede’s dimensions. The country profiles include PEST-C and suitable business proposition for each country.
Later, it is also analysed as to which business should be commenced in tandem by both the nations, based on their current economic, social, political and legal conditions.

Section 1

Section 2
Section 3
Section 4
Section 5
SECTION 1 - COUNTRY A: Ethiopia
Introduce country _____/1
Ethiopia, officially named as Federal Democratic Republic of Ethiopia is Africa’s oldest independent country and Continue reading...

Abstract

There are various forms of compensation strategies that organizations can adopt. The decision on which compensation strategy to adopt lies with the top management who consider various factors as company profits, objectives, mission, and vision. The Human Resource department is mostly concerned with establishing the best way of ensuring high performance of employees. Given that the employees are the most important aspect of an organization and given the fact that they are usually manipulated by compensations, HR department is highly concerned with the compensation activities. Depending on the objectives of the organization, the management, in conjunction with the HR Continue reading...

Introduction

Corporate finance is a significance section of finance which is dealing with origins of funding as well as the capital structure of any organization. Corporate finance is also manages the actions of the corporations that are done by the managers to surge the value of the corporation to its shareholders. In order to analyze the financial resources corporate finance is used like a tool to allocate of the same resources. The primary objective of the corporate finance is to increase the value of the shareholder to its possible maximum status. Corporate finance is also a procedure to determine the Continue reading...

Introduction

United Kingdom of Great Britain and Northern Ireland (abbreviated as the United Kingdom, and sometimes, on behalf of the main part - England) has traditionally played a significant role in world politics, but after the collapse of the British Empire, this role has decreased significantly. UK is a developed industrial-agrarian capitalist state. By the size of the territory is 40 times less than the US in terms of population - almost 5 times less (58 million People in 1997). It is the eighth largest in the world in terms of GDP, but the 16th - the share of GDP Continue reading...

Introduction

Equal Employment Opportunity is a concept in modern human Resources management that forbids employers from discriminating employees on the basis of gender, race, religion, ethnicity, color or creed. In America, the Equal Employment Opportunity policy first came into existence in 1964 and was further reinforced during the presidency of Lyndon B. Johnson who signed an executive order that officially banned all federal contractors from discriminating employees on the basis of their social categories such as race, gender, religion and ethnicity. Currently, the United States Equal Employment Opportunity Commission is charged with the task of enforcing this policy and therefore Continue reading...

Racial profiling is termed as the discrimination conducted by the law enforcements on the individual on the basis of the individual’s race and ethnicity. The law is charged particularly due to the personal traits and race rather than the act itself. Moreover, the individual who have different religion and nationality that is the individual who belongs to the different background are all the victims of the racial profiling by the employees of the law enforcement in the USA. The law enforcement can stop, question, check, detain, subject an individual on the basis of the racial profiling while leaving Continue reading...

According to the most popular philosophers and thinkers of the day, the Enlightenment was the main engine of a social progress. In the 19th and 20th centuries, the themes of social development and social progress were the central ideas, because of natural interest to them. During the period of Enlightenment crucial changes in the economic, political, social and spiritual spheres occurred. According to the philosophers, progress was closely related to the development of scientific knowledge and civil society, appearance of spiritual and moral values, principles of justice, humanity, moderation and diligence, progress of morality and law, and the rise Continue reading...

Introduction

Death penalty is certainly one of the most controversial and debated topics. However, until today, no consensus has been reached on whether death penalty is ethically correct or not. Public opinion is divided on the issue. Abolitionists, for example, argue that that death penalty is morally incorrect while proponents argue that death penalty is necessary to promote justice. While the abolitionists have been quite vocal about their arguments, public opinion contradicts as revealed by surveys that shows the general public’s support for death penalty. Evidently, there is a moral and ethical dilemma regarding the issue of whether or Continue reading...