...from sales or exchanges of ordinary assets. 4. Capital gain * It is the gain derived from the sales or exchange of capital assets. 5. Capital loss * It is the loss incurred from the sale or exchange of capital assets. 6. Net Capital Gain * It is the excess of the gains from sales or exchanges of capital assets over the losses from such sales or exchanges. 7. Net Capital Loss * It is the excess of the losses from sales or exchanges of capital assets over the gains from such sales or exchanges. 8. Net Capital Loss Carry Over * It is the net capital loss in a taxable year which cannot be deducted from ordinary income but which could be carried over to the next taxable year by a taxpayer other than a corporation as a deduction against net capital gain up to an amount not in excess of the taxable income. 9. Short-term capital gain or loss * It is the gain or loss arising from...
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...Improving the Reputation of Inner-City Paint Corporation Statement of the Problem What strategic step can Stanley Walsh make to improve the situation and reputation of Inner-City Paint Corporation? Objectives To analyze Inner-City Paint Corporation's current situation. To determine the company's strengths, weaknesses, opportunities and threats. To make an industry analysis on Inner-City Paint Corporation. To make a financial analysis of the Corporation. To recommend alternatives that will determine the best solution to the given problem. Alternatives 1. Management Improvement - Mr. Walsh should take up management degree. He needs to learn employee empowerment and delegation. He needs to learn employee empowerment and delegation. The plant manager needs to be trained on leadership since he has no experience in management. He should also start hiring a public relations specialist and a marketing specialist to improve on these two aspects of the business. 2. Facility Improvement - Equipment at Inner-City Paint is three large mixer, two smaller mixers, machines in the lab and the trucks. Mr. Walsh should buy more equipment so that his consumers won't have to worry about their order not being ready. He has enough transportation Equipment. But he should buy some new mixer and more lab equipment. In order to acquire all of this he should take the loan. Recommendation I would recommend the first alternative which is to improve management. Mr. Walsh wasn't trained...
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...C A S E 28 Inner-City Paint Inner-City Paint Corporation is a small company; it is located on the fringe of Chicago. Inner-City’s contain chief product is flat white wall paint sold in 5-gallon plastic cans. It also produces colors on request in 55-gallon containers. Sales have grown from approximately $60,000 to $1,784,080 with a profit of $17,610. Inner-City Paint Corporation employs 35 workers, of whom 25 are part-time employees. Inner city paints experience many strong deep issues include the strategic management to financial control. The company pays their payment quickly while it gives sales in terms of 30 or 60 days which fluctuate the financial situation. The company gets inability to pay the bills and important to keep the production smooth which leads the customer to think before bargaining and losing their confidence. The paint contractors prefer to go to big corporation to do their order because they are not sure will they get their order on time. This view is spreading among his customers. Walsh realizes that he and the company need assistance. He is considering hiring a consultant for a day and purchasing a computer. He also intends to approach a bank for a loan. • Top management The President and majority stockholder is Stanley Walsh. He began his career as a house painter and advanced to become a painter for a large decorating company. Walsh painted mostly walls in large commercial buildings and hospitals and manages the company the same way he did when...
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...Case 24 Inner-City Paint Corporation (Revised) I. Synopsis Inner-City Paint Corporation started in Chicago in a run-down warehouse by Stanley Walsh. They supply the paint to the immediate inner area. The main product of the corporation is the flat white wall paint; and they create colors only by demand. The company distributes mainly to the small/medium size decorating companies within the city. The company has shown gradual good market group within years. Inner-City Paint has grown from earning $60,000 yearly to now having sales of over $1,800,000 and from beginning with 2 employees to 38 within a 5-year time span. II. Problems At Inner-City Paint problems are seen all throughout the company. The layout of the warehouse is mostly devoted to the manufacturing and storage of paint supplies. Less than 850 square feet is assigned as office space to generate new and current business. The inventory records are not kept and the manger keeps a mental count of what the stock levels are. When items are being shipped they are written out on a lined yellow pad and not documented on a computer or secondary back up. Every record in the warehouse is processed manually. Mr. Walsh the President has many responsibilities that should be expunged to other employees such as, open all mail, approve payments, inspect customer billing, sales and public relations work. He is also the only sales man because he feels that other employees can not be trusted. Having all these responsibilities he has...
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...Summary: Inner-City Paint Corporation is a small company that had steady growth. However, the slow down of the housing market in addition to an overall slow down in the economy caused financial difficulties for the company. Although the company has a few strengths and has a reputation for fast delivery, Mr. Walsh is overlooking a lot of opportunities that could solve his financial problems. He is also very reluctant to change his policies, procedures, management and financial structure which are also negatively affecting his business in terms of growth and development. Statement of the problem: What are the strategic steps that Mr. Walsh can make to improve the financial situation and reputation of Inner-City Paint Corporation? Strategic Factors affecting Inner-City Paint Corporation: • Environment: Mr. Walsh manages the company the same way he did when he started the company. He doesn’t delegate or empower employees. He also doesn’t have a policy around recruiting and hiring the right employees for the job that is affecting the growth of the company because he can’t trust hiring new salesmen he is losing an opportunity to penetrate the market and getting a bigger share, the same issue exists with hiring unskilled laborers that is affecting his productivity level and the opportunity to serve larger clients and getting larger orders. • Product: Mr. Walsh didn’t anticipate possible change in the external environment; he also didn’t have a strategic plan for company...
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...iv. S.W.O.T Analysis of Inner City Corporation Strengths - Competitive prices of its products. - Steady growth in its market. - The company's reputation had been built on its fast service; it frequently supplied paint to contractors within 24 hours. Weaknesses - Customers view Inner City as a company that negotiates on price and payment out of desperation. - His plant manager's only experience has been that of a painter. - Operating without management controls or financial controls. - Inability to pay suppliers on time - Poor condition of facilities - All records are processed manually - Inventory records are not kept. - Lack of proper delegation of authority. Employees take turns making paint and driving the delivery trucks. - Unskilled employees. Opportunities - Considering a purchase of a computer to organize the business and reduce needless paperwork. - Consultants who are able to quickly spot problems in business. - The production of color paints Threats - The slowdown in the housing market combined with the slowdown in the overall economy caused financial difficulty for the company. - Walsh manages the corporation today in much the same way that he did when the business began. - Walsh lacked on giving trust to other people. - Rumors abound that the company is in difficult financial straits, that it is unable to pay suppliers, and it owes a considerable sum for payment on back taxes. - Paint contractors are hesitant...
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...Case Abstract 1) Identification a) Facilities: Inner-City Paint Corporation is controlled under one building. An issue arises with the condition, location and size of the building. The building is 45 years old and in disrepair. If this one building collapses for any reason all products, equipment and customer files are destroyed. The building is located on the south side of Chicago. Crimes happen all the time in this area, anything or anyone could easily destroy or steel this company’s property. No room for management expansion in the 850 square foot office space. b) Management: Stanley Walsh is inexperienced when it comes to management. Mr. Walsh opens all mail, approves all payments, and inspects all customers billing. He is a part of every aspect to this business. If something were to happen to him there might be a problem. In the office, only two part-time clerks and Mary Walsh (Walsh’s mother) record all the processes. There aren’t any true management positions. The plant is managed by a man in his twenties with little to no experience. He might not know the right protocols for maintain safety or health concerns.(Why it’s an issue). c) Financial Structure: The company doesn’t have any financial objectives or no goals. The balance sheet implies a large amount of income and expense accounts. Inner-City has a poor repayment plan which doesn’t hold accountability. inquires when payment is made isn’t a good solution for this business. A poor repayment plan. Negative cash...
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...Strategic Management Στέφανος Αλβανός ------------------------------------------------- ------------------------------------------------- Inner-City Paint Corporation (Revised) ------------------------------------------------- by Donald F. Kuratko and Norman J. Gierlasinski Δευτέρα 19 Μαρτίου 2013 Παρουσίαση της επιχειρηματικής μονάδας Inner-City Paint Corporation Υπάρχουσα κατάσταση με μια ματιά Η εταιρεία “Inner-City Paint Corporation” εδρεύει σε μια παλιά μικρή αποθήκη στη νότια πλευρά του Σικάγου από την ημέρα της ίδρυσης της, την οποία υπενοικιάζει (leasing) για τις ανάγκες λειτουργίας της. Ιδρύθηκε πριν από πέντε χρόνια από τον Stanley Walsh και αποτελεί μια μικρή (οικογενειακή) επιχείρηση που δραστηριοποιείται στον κλάδο παρασκευής χρωμάτων οικοδομής, κατασκευάζοντας χρώματα τοίχου (μπογιές) οι οποίες πωλούνται σε πλαστικά δοχεία χωρητικότητας 5 και 55 γαλονιών, αντίστοιχα. Το κυρίαρχο προϊόν της είναι ένα χρώμα τοίχου που πωλείται σε δοχεία χωρητικότητας 5 γαλονιών, το οποίο διατίθεται στην περιοχή του Σικάγου, κυρίως σε καταστήματα διακόσμησης μικρού και μεσαίου μεγέθους. Ο κύριος S.Walsh είναι ο πρόεδρος της εταιρείας και ταυτόχρονα κύριος μέτοχος και ο μόνος που ασχολείται με τις πωλήσεις της (σε όλο τους το εύρος), για αυτό και δαπανά το μεγαλύτερο μέρος του χρόνου του σε αυτή την ιδιότητα. Ο μισθός του είναι 132.000 δολάρια ετησίως. Πέραν του κυρίου Walsh, στην εταιρεία απασχολούνται η μητέρα του, Mary Walsh, ως διευθύντρια με ετήσιες απολαβές...
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...In the late 19th century, Mark Twain and Charles Dudley Warner, penned a novel about the momentous expansion of the American economy and the unjust corruption of politics and corporations. The publication was entitled The Gilded Age. The reference to the word “gilded” means an object is covered in a thin layer of gold paint or gold leaf. The object Twain and Warner are referring to that was gilded was the state of the economy and the corporate corruption. This period was an era of greed, oppression, and umbrageous business practices. The inception of a modern age industrial society boomed in the late 19th century. Prior weak or small businessmen were able to establish and grow large corporations and accumulate immense wealth by the use...
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...Herb Kelleher: Let’s Get Nuts! Everyone have the ability to be a leader in today’s society, whether we chose to embrace the inner leader is up to the individual. By definition, leadership is characterized as a person with a vision and the ability to energize individuals to turn that vision into a reality. The book written in 1996 by Jackie and Kevin Freiberg explains how Kelleher and Southwest lead the airline business. To understand how far Herb Kelleher has gone in life, you have to understand where and how far Southwest Airlines has come. Purpose: Herb Kelleher is an example of a leader with a vision, a vision we know today as Southwest Airlines. His ability to build relationships within a company and a new twist of how things should be run are reasons why his company still is thriving today. Theme Statement: Kelleher not only appeals to the customer’s wants, but he listens to his employees and acts accordingly. Context: Herb Kelleher is a New Jersey native and a former graduate of New York University School of Law. There he gained the knowledge to become a successful lawyer, also meeting his supportive wife, Jon Negley. Kelleher and his wife soon moved to San Antonio where he continued to practice law. He had made connections with Rollin King because Kelleher had done some legal work for King’s air service (Freiberg and Freiberg, 1996, p. 15). The creation of Southwest Airlines began as a vivid dream for 2 men, now this vision is a reality that is flourishing...
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...Introduction Public transport plays a major role in the development of any country and therefore needs to be planned for and managed to ensure efficiency, control and reliability within the systems. There are quite a number of problems that the individual transport modes face in the city of Johannesburg municipality that could effectively be solved by thoroughly implementing an integrated public transport system. This system will involve a lot of transport planning and is will be responsible for the development of strategy and programmes to direct and manage both the private, business, and public transport systems throughout the City Of Johannesburg Municipal area towards a common council vision. The different public transport modes must be integrated with transport infrastructure on which they operate. The infrastructure should be designed to suit efficient and effective operations. Inefficient operations will require higher capacity infrastructure, with the solution to improve efficiencies and not providing costly extra infrastructure. The role of the transport system is to serve the movement needs of persons and goods. A number of different modes, or technologies, have developed over the years that provide different levels of efficiency for a variety of trip purposes, volumes and distances of travel. It is important to recognise the operational efficiency of a mode that makes use of a particular type and form of infrastructure. Cars require much more road infrastructure...
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...1 Introduction to Clinical Applications Objectives In this chapter we will study • various approaches to the study of disease; • the role of the Centers for Disease Control and Prevention; • common causes of disease; • the distinction between signs and symptoms of disease; • terms used to describe the time course of a disease; and • common abbreviations for medical specialists and specialties. Homeostasis and Disease The body’s tendency to maintain internal stability is called homeostasis. Examples include the body’s relatively stable temperature, blood glucose concentration, hormone levels, acid-base balance, and electrolyte balance. When physiological variables deviate too much from their set point, the body activates negative feedback loops that tend to restore stability and maintain health. In some cases, such as the stoppage of bleeding, positive feedback loops are activated to bring about rapid change. If the attempt to regain homeostasis fails, disease results. There is a strong emphasis in medicine today on promoting wellness through prevention. However, this manual focuses on what happens when prevention fails, homeostasis is disrupted, and disease occurs. The Study of Disease Disease (illness) is any deviation from normal that interferes with correct, life-sustaining bodily function. Literally, the word means dis-ease, the opposite of ease (comfort and normal function). Disease may have underlying structural foundations, such as a broken bone, and its...
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...THE PRINCETON REVIEW CAT SAMPLE PAPER 1 INSTRUCTIONS – Please read these carefully before attempting the test 1. 2. This test is based on pattern of previous years’ CAT papers. There are three sections. Section 1- English & Reading Comprehension (50 questions) Section 2- Quantitative Ability & Data Interpretation (50 questions) Section 3- Data Interpretation & Data Sufficiency (50 questions) The total time allotted is 2 hours exactly. Please note your start time and end time on the answer sheet. Do not take more than 2 hours, or you will get a wrong assessment. Please fill all the details, as asked on top of the answer sheet. Please try to maximize your attempt overall, but you need to do well in all sections. There is 1 mark for every right answer and 0.25 negative mark for every wrong one. There is no sectional time limit. Since it is a time constrained test and you have 2 hours, and all questions carry equal marks, please do not get stuck on any question, move fast to try and do easier ones. Please do all scratch work on paper only, no extra sheets to be used. Put all your answers on the answer sheet. Relax. You are competing against yourself. 3. 4. 5. 6. 7. 8. 9. 10. The Princeton Review CAT sample paper 1 SECTION I Number of Questions: 50 DIRECTIONS for Questions 1 to 5: In each of the questions, four different ways of presenting an idea are given. Choose the one that conforms most closely to standard English usage. 1. A. We are forced to fall...
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...Should Marijuana be legalized? In 1545, the Spanish brought marijuana to the New World. The English Introduced it in Jamestown in 1611, where it became a major commercial crop alongside tobacco and was grown as a source of fiber. It was in the 1920'sthat marijuana began to become more popular. Some historians say its emergence was brought about by Prohibition. http://www.narconon.org/drug-information/marijuana-history.html Cannabis sativa commonly known as marijuana is a plant species that is mainly known for its psychotic effects when consumed. It is consumed either through smoking, ingesting, or vaporizing. Marijuana has been used for centuries but has recently been mainstreamed in culture today. It has nicknames such as weed dope, grass, ganja, Mary Jane and chronic. Now, more than ever, propositions to legalize the plant have risen and been the subject to controversy and heated debates. Morals and politics are what make up the structure of this country, so when an issue receives responses coming from different points of views, the issue becomes controversial, and the topic of marijuana is definitely a controversial subject. The legalization of marijuana is a controversial subject; however, there are many positive arguments to support the idea as well. The following passages will discuss some pros and cons to this subject and will provide some insight on just what this drug is. Just saying the word Marijuana conjures...
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...A Tale of Two Londons Who really lives at One Hyde Park, called the world’s most expensive residential building? Its mostly absentee owners, hiding behind offshore corporations based in tax havens, provide a portrait of the new global super-wealthy. BY NICHOLAS SHAXSON Up until the 18th century, Knightsbridge, which borders genteel Kensington, was a lawless zone roamed by predatory monks and assorted cutthroats. It didn’t come of age until the Victorian building boom, which left a charming legacy of mostly large and beautiful Victorian houses, with their trademark white or cream paint, black iron railings, high ceilings, and short, elegant stone steps up to the front door. This will not be the impression a visitor now gets as he emerges from the Knightsbridge subway station’s south exit. He will be met by four hulking joined-up towers of glass, metal, and concrete, sandwiched between the Victorian splendors of the Mandarin Oriental Hotel, to the east, and a pretty five-story residential block, to the west. This is One Hyde Park, which its developers insist is the world’s most exclusive address and the most expensive residential development ever built anywhere on earth. With apartments selling for up to $214 million, the building began to smash world per-square-foot price records when sales opened, in 2007. After quickly shrugging off the global financial crisis the complex has come to embody the central-London real-estate market, where, as high-end property consultant...
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