...I:1-48 and I:1-49 Micah Lewis Robert Davis Acc/497 Advanced Topics in Accounting Research November 7, 2015 Tax Strategy Problem I:1‑48 Pedro Bourbone is the founder and owner of a highly successful small business and, over the past several years, has accumulated a significant amount of personal wealth. His portfolio of stocks and bonds is worth nearly $5,000,000 and generates income from dividends and interest of nearly $250,000 per year. With his salary from the business and his dividends and interest, Pedro has taxable income of approximately $600,000 per year and is clearly in the top individual marginal tax bracket. Pedro is married and has three children, ages 16, 14, and 12. Neither his wife nor his children are employed and have no income. Pedro has come to you as his CPA to discuss ways to reduce his individual tax liability as well as to discuss the potential estate tax upon his death. You mention the possibility of making gifts each year to his children. Explain how annual gifts to his children will reduce both his income during lifetime and his estate tax at death. I would advise Pedro that the gifts that he gives to his children would no longer be his assets and if these are income producing assets then the interest on those assets will not be taxable to him they would be taxable to his children at their rates. He could make annual gifts of $13,000 of stocks and bonds now and future years to each of his children. The effect of these gifts are to shift...
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...The Gospel According to Mark These events took place at La Colorada ranch, in the southern part of the township of Junin, during the last days of March 1928. The protagonist was a medical student named Baltasar Espinosa. We may describe him, for now, as one of the common run of young men from Buenos Aires, with nothing more noteworthy about him than an almost unlimited kindness and a capacity for public speaking that had earned him several prizes at the English school in Ramos Mejia. He did not like arguing, and preferred having his listener rather than himself in the right. Although he was fascinated by the probabilities of chance in any game he played, he was a bad player because it gave him no pleasure to win. His wide intelligence was undirected; at the age of thirty-three, he still had not qualified for graduation in the subject to which he was most drawn. His father, who was a freethinker (like all the gentlemen of his day), had introduced him to the lessons of Herbert Spencer, but his mother, before leaving on a trip for Montevideo, once asked him to say the Lord's Prayer and make the sign of the cross every night. Through the years, he had never gone back on that promise. Espinosa was not lacking in spirit; one day, with more indifference than anger, he had exchanged two or three punches with a group of fellow-students who were trying to force him to take part in a university demonstration. Owing to an acquiescent nature, he was full of opinions, or habits of mind...
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...Preface Every language allows different kinds of variations: geographical or territorial, perhaps the most obvious, stylistic, the difference between the written and the spoken form of the standard national language and others. It is the national language of England proper, the USA, Australia, New Zealand and some provinces of Canada. It is the official language of Wales, Scotland, in Gibraltar and on the island of Malta. Modern linguistics distinguishes territorial variants of a national language and local dialects. Variants of a language are regional varieties of a standard literary language characterized by some minor peculiarities in the sound system, vocabulary and grammar and by their own literary norms. Standard English – the official language of Great Britain taught at schools and universities, used by the press, the radio and the television and spoken by educated people may be defined as that form of English which is current and literary, substantially uniform and recognized as acceptable wherever English is spoken or understood. Its vocabulary is contrasted to dialect words or dialectisms belonging to various local dialects. Local dialects are varieties of the English language peculiar to some districts and having no normalized literary form. Regional varieties possessing a literary form are called variants. Dialects are said to undergo rapid changes under the pressure of Standard English taught at schools and the speech habits cultivated by radio, television...
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...Justice Charles Lawrence of the Illinois Supreme Court made an appalling statement in the case Bradwell v. Illinois back in 1873. "…God designed the sexes to occupy different spheres of action, and that it belonged to men to make, apply, and execute the laws…," Lawrence stated (Lupton). At that time, other justices also had the same thought; as a result, Myra Bradwell could not be allowed to be an attorney only because she was a woman. However, in 1981, according to "Sandra Day O'Connor," O'Connor became the first women to be on the United States Supreme Court in 191 years of history of the court. Her becoming a justice on the court encouraged other women to have a chance to proceed in male-dominant fields, and gave men a good look at what...
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...into (options include related lines like cheese); assets they need to acquire (manufacturing); and what future skills they need to develop to meet the regional challenge. There is a three to four year time frame to prioritise these objectives as the markets are still in recession. Shashi says about their vision for the future: S We are very much a local company and would like to be seen as regional at least in the Khaleej [GCC Countries], if not beyond . . . With the introduction of long-life juice, the whole world is a market for us because these products have a shelf life of nine months and unlike fresh products we don’t have limitations on time. Al Ain Dairy: a Government of UAE initiative Catering to local demand This case was written by Dr Melodena Stephens Balakrishnan at University of Wollongong in Dubai. It was prepared...
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...HBR Case Study BY JOHN HUMPHREYS, ZAFAR U. AHMED, AND MILDRED PRYOR World-Class Bull Inspired sales ploy or ethical breach? be kidding me, Sam,” Jeremy sputtered. “Chris brought in the single biggest piece of business we’ve won here in more than two years. He’s our top performer! He broke that logjam with Armadillo! He was absolutely brilliant!” From the window of his 10th-floor office at Specialty Fleet Services, sales vice president Jeremy Silva spied two of the bright yellow repair trucks of Armadillo Gas & Power a block away, flanking a rectangular gash in South Polk near the old Paramount building. Getting Armadillo’s lucrative fleet-management business had been a long, hard slog. Had it not been for the fiendishly clever machinations of sales ninja Christopher Knox (known as “Fort” to his colleagues, because of his golden touch), SFS would still be trying to dent Armadillo’s famously resistant armor. And now, to Jeremy’s amazement, human resources vice president Samantha Williams was informing him that she wanted to reprimand Knox for a breach of the SFS code of ethics. “If ‘brilliant’ is a synonym for ‘devious,’ maybe so,” said Sam, eyebrows raised. Sam was Jeremy’s friend and frequent ally, having helped him push through a reorganization of the sales force, including new incentive and commission structures. But she was also currently the chair of SFS’s ethics review board. “An ethics breach is an ethics breach. As our code states, ‘deceptive...
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...Best Buffalo Bison Ranch About this Sample Entrepreneur Business Plan: The following sample NxLeveL Entrepreneur Business Plan was originally written by a class participant, and subsequently modified to protect proprietary information. As it is primarily a student’s work, it is not represented to be a “perfect” business plan, although the presentation is in keeping with the NxLeveL format and content. It can be used as a sample of what a business plan might contain, and as a model for constructing the various sections. Your instructor may ask that you review certain sections and suggest improvements, modifications or additions. The purpose of each individual business plan may be different, with varied intended readers. You may also be asked to discuss what information might need to be included or deleted based on the purpose of the plan. NxLeveL Entrepreneur Sample Business Plan Best Buffalo Bison Ranch – June 2001 Table of Contents Section Page Section I: Executive Summary 3 Section II: Mission, Goals, & Objectives 4 General Description of Business Mission Statement Goals and Objectives Section III: Background Information 6 Background Industry Information Current and Future Trends Business Fit in the Industry Section IV: Organizational Matters 9 A. Ownership, Regulations, and Contracts 9 B. Management Issues 10 Section V: The Marketing Plan 14 A. The Products and Services 14 B. The Market Analysis 17 C. Marketing Strategies 22 Section VI: The...
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...Section 1 Medicine and treatment Chapter 3: Extension study: Medicine and public health from Roman Britain to c1350 3.1 The Romans and approaches to medicine Exam practice question 1 (page 17) The Romans believed that disease was caused by an imbalance in the Four Humours. They believed that the body was made up of black bile, yellow bile, blood and phlegm, and that too much or not enough of one of these would cause illness. A fever, for example, showed that you had too much blood. This belief was developed by Galen from the work of Hippocrates, an Ancient Greek doctor. The Romans also believed that bad air could cause disease. They thought it was important to build cities and settlements away from swamps and marshes. This would have helped them avoid diseases like malarias which were caused by mosquitoes, but they didn’t understand why. The Romans also believed that dirt and sedentary lifestyles caused disease, because they encouraged the population to bathe regularly and exercise in the bath house. However, they would not have understood why this kept people healthy. Exam practice question 2 (page 18) In some ways the influence of Hippocrates on Roman medicine was extremely important. Hippocrates’s teachings included the theory of the four humours, which taught that the body was made up of four elements and too much of one of these would cause illness. He also taught the importance of clinical observation: watching a patient very carefully and keeping detailed...
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...Introduction Founded in 1993, Chipotle Mexican Grill, Inc. has expanded from a local favorite consisting of a single location in Colorado to an international chain with over 1500 locations today. There are countless example of various corporations that experience growth trends similar to that of Chipotle’s, however, as a result of the rapid expansion and gains in sales, most of these corporations tend to neglect their corporate social responsibilities (CSR). Chipotle, on the other hand, does not fall susceptible to this trend. Through a complete examination of Chipotle’s CSR initiatives and activities, as well as detailed explanations of Chipotle’s contributions to the three “pillars” of sustainable development, one is able to see that Chipotle is a leader and an innovator in its industry regarding the corporate management of ethical dilemmas and moral responsibilities. A thorough comparison with a similar corporation in the same industry, Moe’s Southwest Grill, Inc., provides further evidence that Chipotle places immense value corporate transparency and quality morals in addition to being a genuinely ethical and responsible corporation. Following the major comparison are explanations of possible underlying motives and “market nudges” leading Chipotle to participate in particular CSR activities. Lastly, a discussion of government initiatives and potential upcoming regulations has been included to indicate the possible future direction of every firm’s corporate social responsibilities...
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...Universidad Nacional Autónoma de México University of California Institute for Mexico and the United States Review: The Third Generation: Reflections on Recent Chicano Historiography Author(s): David G. Gutiérrez Source: Mexican Studies / Estudios Mexicanos, Vol. 5, No. 2 (Summer, 1989), pp. 281-296 Published by: University of California Press on behalf of the University of California Institute for Mexico and the United States and the Universidad Nacional Autónoma de México Stable URL: http://www.jstor.org/stable/1052091 . Accessed: 01/05/2011 16:00 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at . http://www.jstor.org/action/showPublisher?publisherCode=ucal. . Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive....
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...same individual on two separate occasions, the results should be similar. To be effective predictors, a selection device must possess an acceptable level of consistency. Application forms: For most employers , the application form is the first step in the selection process. Application forms provide a record of salient information about the applicants for positions and also furnish data for personnel research. Interviewers may use responses from the application for follow-up questions during an interview. These forms range from requests for basic information , such as names ,addresses and telephone numbers, to comprehensive personal history profiles detailing applicants’ education , job experience skills and accomplishments. Case Study of an Employee Diversity: According to the Uniform Selection guidelines of the EEOC , which establisher standards that employers must need to prevent disparate or unequal treatment, any employment requirement is a test, even a job application .As a result ,EEOC considerations and application forms do not ask questions that are irrelevant to job...
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...CONSERVATION OF LEOPARDS IN AYUBIA NATIONAL PARK, PAKISTAN By Asad Lodhi M.Sc (Chemistry), University of Peshawar, Pakistan, 1991 M.Sc (Forestry), Pakistan Forest Institute, Peshawar, Pakistan, 1994 Professional Paper presented in partial fulfillment of the requirements for the degree of Master of Science in Wildlife Biology The University of Montana Missoula, MT Spring 2007 Approved by: Dr. David A. Strobel, Dean Graduate School Dr. Daniel Pletscher Director Wildlife Biology Program Dr. Kerry Foresman Division of Biological Sciences Dr. Mark Hebblewhite Wildlife Biology Program Lodhi, Asad M.S. May 2007 Wildlife Biology Conservation of leopard in Ayubia National Park, Pakistan Director: Dr. Daniel H. Pletscher Large carnivores are important for biodiversity and ecosystem function, yet are very difficult to conserve because of their large home ranges and conflicts with humans. I examined human-leopard conflicts in and near Ayubia National Park, Pakistan, to provide management recommendations for the conservation of leopards. Persecution of leopards by humans has been on the rise primarily due to depredation on livestock and risk to human lives. Since 1989, 16 humans have either been killed or injured in and around Ayubia National Park while leopards faced 44 human-caused mortalities during the same period. I examined the management strategy adopted by NWFP Wildlife Department for leopard conservation, identify gaps, and suggest possible management...
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...thorough conservation strategy necessary for its protection. The survival of this endangered species and ecosystems depends on long-term participation and understanding of local populations (Oates, 1999). Due to the close relationship between cultural diversity and biodiversity, traditional knowledge systems play an important role when developing species conservation and management strategies (Caldecott et al., 2005; Hens, 2006). For example, the United Nations Convention on Biological Diversity (UNCBD) (article 8j) calls for parties to respect, preserve, and apply knowledge and practices of indigenous and local communities relevant for the conservation and sustainable use of biodiversity (UNCBD, 2007). Despite these recommendations, few studies have investigated traditional beliefs...
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...liberation struggle in the South-East Lowveld has documented different counter strategies by the RSF but propaganda as one of the strategy has been partially covered. The study focuses on Rhodesia Front government’s propaganda as a counter insurgency strategy to the guerrilla activities. Propaganda is the control of public opinion. There are three types of propaganda that is white, grey and black propaganda. White propaganda is the dissemination of the truth to someone’s advantage, grey propaganda is the mixture of lies and truth and black propaganda consists of largely but not total lies. All these types were exploited upon implementation of propaganda at different levels through different tactics. Psychological operations which were executed as forms of propaganda involved planned use of communication through words, symbols and actions to influence the behaviour of the targeted audiences and achieve set objectives. The government’s use of propaganda warfare was prompted by a number of reasons which ranged from economic, political, social and military factors. It is worth noting here that, the tempo and conduct of the war varied from one locality to the other depending on the terrain and proximity to strategical areas like borders, transport networks and close to government’s administrative offices. The study is presented in three chapters. The first chapter outlines the reasons for the introduction of propaganda warfare in Chilonga in 1970. It majors on the motives behind implementation...
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...The Facts Behind King Corn The documentary King Corn does an excellent job introducing us to the perils and problems with our industrial food system that are centered on cheap corn. However, it also tends to sidestep the main beneficiaries who drive and thrive off our current farm programs: corporate agribusiness. Why are farmers dependent on subsidies? New Deal Forced Agribusiness to Pay Farmers Fairly. As King Corn outlined, the government during the New Deal attempted to bring supply into line with demand, an approach known as “supply management.” This was accomplished thru the use of conservation set-asides, a price floor guaranteeing a fair price for corn (similar to a minimum wage), and a grain reserve to deal with overproduction. Farmers did not need to rely on the government for a fair income. They received it from the marketplace. Prior to the New Deal, the “free market” approach to agriculture caused economic booms and busts as farmers suffered continued depressed prices for their crops. This led to the rise of the Populist Party and other agrarian movements whose ideas were finally implemented with the New Deal. Agribusiness Had Lobbied for Decades to Allow the “Free Market” to Determine Prices. Beginning in 1973, policy changes promoted by Nixon Secretary of Agriculture Earl Butz deregulated the corn market. He dismantled supply management policies, selling off government storage bins used as food security reserves and implemented “fencerow to fencerow” planting....
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