...LAWS7012 | Business Taxation Assignment – Semester 1 | 2014 Important Facts to Note 1. The assignment is worth 40% of the assessment in this course. 2. The assignment has 2 questions. 3. You must submit your assignment before 4.00pm on Thursday, 17 April 2014. 4. Students must submit their assignment electronically via the Turnitin link [LAWS7012 | 2014 – Semester 1] in the Assignment Submission folder in the Assessment area of the course website in Blackboard. Online assignments do not require a separate cover sheet. Refer to documentation in the Assignment Submission folder on the naming requirements of the assignment file. 5. There is no prescribed word limit for this assignment and no penalties will be applied for students who exceed the suggested word limit. As a guide, your assignment could be completed in approximately 3,500 words. 6. Students must retain a hard copy of their submitted work. 7. Students need to be aware of and abide by the university’s policy on plagiarism. More detailed information on this issue can be found in: a. UQ Student Integrity and Misconduct Policy http://ppl.app.uq.edu.au/content/3.60.04-student-integrity-and-misconduct b. On-line Academic Integrity Tutorial https://www.uq.edu.au/integrity/Login.aspx?ReturnUrl=%25252fintegrity c. Law School Resource | Avoiding plagiarism http://www.law.uq.edu.au/?page=103927 8. Also, review Sections 5.3, 5.5 & 6.1 of the Course Profile for information on assessment procedures. In particular...
Words: 3176 - Pages: 13
...(20%, due 8:55 am Friday 13 March) Question 1. Zac Zaccary is a senior analyst, and your manager, at Top Notch Fund Managers. He, gently, throws a copy of the 2014 annual report of The Warehouse Group Limited on to your desk and states “the Five Year Summary shows that profit after tax increased from $60 million in 2010 to $78 million in 2014, but they also report an ‘adjusted’ net profit which decreased from $83 million to $61 million over the same period. As investors, which figure should we pay attention to? At the same time, operating cash flow decreased from $129 million to $77 million over the same period. I wonder what has caused that? I would like you to look at profitability, cash flow and liquidity.” He continues “The group made some big acquisitions in the last couple of years. How well are those turning out? Retailers’ operating margins are always pretty small, and if the new acquisitions are not profitable, they can drag the whole group down. Have the managers been able to protect or improve profits from the older stores and also get good results from the new businesses? And how is the efficiency of operations trending?” Required: A fund operated by Top Notch Fund Managers is a potential substantial investor in The Warehouse Group, and Zac must advise the fund managers whether to invest. Draw up the memo that you would send to Zac to address his questions. Your analysis should cover the issues he has raised, with particular attention to profit, efficiency...
Words: 1106 - Pages: 5
...Subject: Vehicle for Hope Limited I have been the auditor for Vehicle for Hope Limited for the last 5 years and I just had a meeting with the company’s accountant to plan for the audit for the fiscal year that just ended. He told me about some issues that he has and I need your advice regarding those issues and your comments on how to approach the audit. Significant Donation Vehicle for Hope Limited received two month ago a significant donation from a long-time member of the board, who has a chain of autobody shops. He has donated to VHL land, building and equipment. In addition to the donation of the building, land and equipment, he has also donated $300,000.00 cash, so the new apprentice mechanics to get an automotive toolkit when they will complete the training program. The accountant did not know how to record these transactions, so the donations have not been recorded in VHL’s books. VHL is a not-for-profit organization and they use the deferral method of accounting. As per this method, the land and the building should be recorded in their accounting at the fair market value and the building should be amortized. The donated land should never be amortized and not recorded as revenue. The land should be recorded as a direct increase in net assets. The donation of the cash, $300,000.00 is a restricted contribution, and whatever portion of the contribution is used in the current period is recognized as revenue, the difference will be a deferred contribution. I can offer...
Words: 1064 - Pages: 5
...“I’m trying to make a case for people who don’t have the sense of belonging that they should have, that there is something really worthwhile in having a sense of belonging.” Imagine yourself in a foreign land. You have no idea where you are or who to turn to. Your new surroundings make you feel out of place. Imagine feeling like that for thirty days…or sixty days…or more. How are you coping? Are you sleeping well? What is your mood? My bet is that you are falling apart; That you are spiralling out of control. You want to be logical about all of this, but reason has taken a back seat to longing. “I’m trying to make a case for people who don’t have the sense of belonging that they should have, that there is something really worthwhile in having a sense of belonging.” An individual’s interaction with others and the world around them can limit or enrich their experience of belonging. Belonging can emerge from the connections made with people, groups or community. It is something we all feel whether we mean to or not. This belonging gives us an attachment to other people or things and we can gain other certain feelings such as security, happiness, pride, sense of value and acceptance by others as social human beings. It gives us an awareness of identity and builds our self-confidence and self-esteem as we feel part of something bigger. There are also implications for not belonging, our inability to connect can lead to isolation, alienation, vulnerability and dislocated from society...
Words: 1347 - Pages: 6
...fully concentrate on the three P’s which are People, Planet and Profit. Today as we look at the world around us we notice changes. Companies and people are making efforts to sustain the environment by taking small steps to recycle and have even started using fuels that are safer for the environment. Car manufacturers are making cars that run on very minimal amounts of fuel by running electrically. As you pull up to many locations now you will find the electrical plugs to plug in your car for a charge while you are refueling your body. The reading material in Chapter Ten of Business and Society: Stakeholders, Ethics, Public Policy states that human activity affects three major forms of natural resources: water, air, and land. Resources can be renewable or non-renewable states the material with fossil fuels being non-renewable because once they are used they are gone. Some items are renewable such as forests and fresh water because these things can be replenished. With these areas in mind: water, air and land one needs to focus their efforts on the sustainability of the environment. At the rate we are going we could soon be faced with a drastic decrease in the availability of fresh water and eventually food. As the world grows at an astonishing rate so does the rate at which we diminish the viable resources available for sustainability. The graph in our reading material shows these increases and goes on to say that a person born in 1950 who lives 75 years will have seen the world’s...
Words: 3364 - Pages: 14
...setting” (Stevens, Lecture 1). Elements of a game consist of common knowledge, the players, strategies and payoffs. Every other Friday night my wife and I play cards at our friend’s house and it generally gets more intense as the game and the drinks progress. We mainly play a card game called spades and we play as partners. Common knowledge in this game is every player knows that in order to win you have to bid the correct number of books, meaning you have to guess how many rounds you and your partner can win based off what cards you are holding and what you think the other players are holding in their hands. Each player also is assumed to be an experienced player unless otherwise stated and even if they are it’s easier to guess how the hand will play out. In this card game there is not strictly a pure strategy at play, meaning it doesn’t not involve an act of randomness but a game of mixed strategy. Mixed strategy means using a pure strategy with acts of randomness. I have an idea what the other players will do when it is their turn in the card game but sometimes to force their hand, it is necessary to randomly sacrifice one of your cards to make them display their higher ranked cards. The payoff to a player reflects what that player cares about, not what another player thinks they should care about. Being rational means I make my decisions in a way that will lead to my best expected payoff and in the card game my best payoff is to allow my partner and I to make the required...
Words: 2875 - Pages: 12
...Across the nation, in every hotel, next to the bed, lay nestled inside a drawer; one can find the sacred writings comprising the Old and New Testaments. Combined of 66 books, the Bible tells Gods story, from creation, to the fall, to redemption, and restoration. But, out of those 66 books, only two bear the name of a woman, one of those being the book of Ruth. It is in this book that we find Ruth, a young women of Moab, after whom the book receives its title. This story takes place in a time when judges ruled the land, a period of religious and moral depravity, national discord and oppression. In its writings, we are given a glance at the lives of Israelite families. As well, it offers a wonderful account of loyalty, true faith and devotion to God. The introduction of our story points towards the central problem for our characters....
Words: 2151 - Pages: 9
...wealth in addition to the problem of “their” poverty. His suggestions for economic development hold the assumption that developing nations cannot be left to see their own economic result; therefore, charity-centric economic models are his ideal solution to global poverty. Though Sachs’ work successfully illustrates an innate economic interconnectedness between the developed and developing world in regards to the relationship between international organizations, government agencies, donors, and domestic citizens, he does not completely explore the implications of this interconnectedness on the success or failure of foreign development aid. Munk illustrates that Sachs does not adequately prepare for inherent problems such as failing legal devices, political incoherence, and inefficient capital accumulation. Further, Sachs does not sufficiently address the prevailing cultural, social and educational disparities and how this affects the implementation of Western economic models, as well as the lack of formal property rights systems in the legal sector of the economy, leading to the norm of using extralegal markets. Through Nina Munk’s observations of Sachs’ idealist, charity-centered approach to foreign development aid, the importance of inciting inclusive, culturally- compatible...
Words: 3699 - Pages: 15
...come back,’ their obstinate voices sing. Dashes of black stain the fields of white. You will be found, your path traced. They’ll drag you back, yell at you for running away, ask why you did that, but you’ll simply shrug your shoulders and give them the look which they always label as an impertinent one. They should know why. Run, run, run, you carry on pounding through the white mass. It’s seeped into your shoes now, dyeing the brown leather to ebony black. You flick the snow out of your way and start to run when its mournful cry echoes across the woods, a solemn lament for you. Looking up you see it, the lone thestral. You’ve been able to see it for three weeks now. Three weeks since she, your mother, died. Three weeks since her alabaster skin faded into ivory. Three weeks since her ochre eyes failed to burn. The ground slips away beneath you as your pace fastens in the approach to the creature. The thestral makes no moves. You let your feet slide over the snow until they stop before it, hands shaking as they dangle over its frail wings. Like you, it’s broken, fragmented. Like you again, it’s alone, left to roam the world in a never-ending solitude. Its outline is jagged, angular, from the protruding bones which have been weathered away to an argent hue. The translucent film covering the skeleton conceals nothing at all. The thestral seems incomplete, as if something has been lost and can never be retrieved. Even the wings, its supposed sign of power, look...
Words: 502 - Pages: 3
...Renee Harding 123 Dog Lane Raleigh, NC 27695 Dear Renee, I appreciate the opportunity to advise you regarding the tax treatment for your loss of $25,406 in 2015 from your dog breeding activities. I understand that you decided to start breeding purebred terriers to keep yourself busy after your divorce with your husband in January. There are two possible ways to treat the loss under rulings in the Internal Revenue Code. One option is to treat your dog breeding activity as a business and deduct the losses on Schedule C, Profit or Loss from Business, of your individual income tax return. The second option is to treat your dog breeding as an activity not engaged in for profit, which does not allow you to deduct the losses on your tax return because dog breeding would be considered a hobby. Based on my research, and after considering the previously stated alternatives, my recommendation for the tax treatment for your loss is to treat your dog breeding as an activity not engaged in for profit. To ensure we have a complete understanding, I am stating the facts and relevant information that you have provided to me. If these facts are incomplete or incorrect, please let me know. You received a property settlement that included the house and adjoining office on five acres of land. However, your daughter uses two-thirds of the office and the land. You also receive an annual alimony allowance that allows you to live comfortably without working. To keep yourself busy, you decided to...
Words: 1087 - Pages: 5
...strategies that could be used for this project Risk response is the process of developing strategic options, and determining actions, to enhance opportunities and reduce threats to the project’s objectives. A project team member is assigned to take responsibility for each risk response. This process ensures that each risk requiring a response has an owner monitoring the responses, although the owner may delegate implementation of a response to someone else. There are several risk response strategies that can be discussed however; each of the strategies requires specific actions to be developed to implement the strategy and the idea of assigning a team member is to increase accountability and making sure nothing falls off unattended. The project identified risks that are a threat to the project and only procurement providing opportunities too. The strategies applied for threats in many of the cases vary from those applied for opportunities. For threats the strategies that employed are avoid, mitigate, and transfer while for opportunities, exploit, share and enhance are used and acceptance which is used when it is not possible to respond to the risk. 7.1 Avoid. Risk can be avoided by removing the cause of the risk or executing the project in a different way while still aiming to achieve project objectives. Not all risks can be avoided or eliminated, and for others, this approach may be too expensive or time‐consuming. However, this should be the first strategy considered...
Words: 1241 - Pages: 5
...Write your name here Surname Other names Centre Number Candidate Number Edexcel GCSE Mathematics B Unit 1: Statistics and Probability (Calculator) Higher Tier Friday 2 March 2012 – Afternoon Time: 1 hour 15 minutes Paper Reference 5MB1H/01 Total Marks You must have: Ruler graduated in centimetres and millimetres, protractor, pair of compasses, pen, HB pencil, eraser, calculator. Tracing paper may be used. Instructions Use black ink or ball-point pen. Fill in the boxes at the top of this page with your name, centre number and candidate number. Answer all questions. Answer the questions in the spaces provided – there may be more space than you need. Calculators may be used. If your calculator does not have a button, take the value of to be 3.142 unless the question instructs otherwise. Information The total mark for this paper is 60 The marks for each question are shown in brackets – use this as a guide as to how much time to spend on each question. Questions labelled with an asterisk (*) are ones where the quality of your written communication will be assessed. Advice Read each question carefully before you start to answer it. Keep an eye on the time. Try to answer every question. Check your answers if you have time at the end. Turn over P40619A ©2012 Pearson Education Ltd. *P40619A0120* 6/6/6/3 GCSE Mathematics 2MB01 Formulae: Higher Tier You must not write on this formulae page. Anything you write on this formulae page will...
Words: 1448 - Pages: 6
...Hermann Hesse, Siddhartha was on a journey to find enlightenment by whatever means available. He worshipped as a Brahman and a Semana; he was a merchantman, a business tycoon; he apprenticed under a wiser river man, learning from the reflective river. He spent his entire life searching for enlightenment on his own, and in the end he was satisfied. But can you be enlightened if your religious belief system is adopted from somebody else? Shouldn’t something as abstract as faith be the journey of an individual? Adhering to somebody else’s rules and ideas really takes the personal factor out of finding enlightenment or leading a peaceful happy life. Humans are always asking questions and challenging ideas....
Words: 1064 - Pages: 5
...Permaculture: An Old School, New Age Society What I knew: Prior to embarking on this research essay I had no familiarity with the term “permaculture”. Originally I was going to write on hydroponics but then I chose to go towards a much broader topic know as self-sufficient homesteading. I have always been one who took pride in repurposing what others deemed as “useless junk”. When I was younger I built a blacksmithing forge out of nothing more than a rusty brake drum, black iron pipe and an old blender fan. From that I pounded demented railroad spikes and horse shoes into beautiful works of art such as picture frames, coat racks, and knives. I have been hooked ever since finding ways to not only live, but thrive off the land by working in harmony with it. Tapping sugar maples to make my own syrup, hunting and trapping for food, clothing and income, and creating a hydroponic tower to produce my own fruits and vegetables. My goal has always been to live on my own terms and provide myself with all my needs through ingenuity and hard work instead of using currency. I had heard of self-sustainable living and that was what I was aiming for until I came upon the term “Permaculture” while surfing through some articles. It means living in a manner in which you coincide with nature and use it as a model to create sustainable cycles in which you can nourish yourself and the environment around you in a positive manner...
Words: 1919 - Pages: 8
...CERTIFICATION The undersigned certify that he has read and hereby recommend for acceptance by the Muhimbili University of Health and Allied Sciences a thesis/ dissertation entitled Intimate partner violence among women living in informal settlements: A case study of Manzese in Dar es salaam, Tanzania, in (partial) fulfillment of the requirements for the degree of master of public health of Muhimbili University of Health and Allied Sciences. ………………………………. Dr. Mangi J.Ezekiel (Supervisor) Date……………………… DECLARATION AND COPYRIGHT I, Merina Vincent Shaidi, declare that this dissertation/thesis is my original work and that it has not been presented and will not be presented to any other university for a similar or any other degree award. Signature……………………… Date……………………………. This dissertation is a copyright material protected under the Berne convection, the Copyright Act 1999 and other international and national enactments in that behalf, on intellectual property. It may not be reproduced by any means, in full or...
Words: 19768 - Pages: 80