BUSINESS DIGITAL AGE – BROWN V. BOARD OF EDUCATION

BUSINESS DIGITAL AGE – BROWN V. BOARD OF EDUCATION

Here is the video link for the assignment: http://media.pearsoncmg.com/ph/streaming/bp/2013/business_law/BLaw2013_Leg_Her.html Here are the questions to answer, although this is also attached as a file. Legal Heritage and the Digital Age – Brown v. Board of Education 1. Because we want stability and predictability in the law, discuss what criteria the Supreme Court should look to when evaluating whether to overturn or reinterpret a prior decision. 2. Review the different theories of jurisprudence discussed in the text and discuss what theories would support changes in interpretations, and which theories would argue against changing opinions. 3. Review the United States Constitution. What provisions of the Constitution are involved in this case? Discuss whether this should be a federal or a state issue and why. Read the Attrezzi v. Maytag case. Answer the following questions based on the case and the textbook. 1. What were the facts of the case? 2. Did Maytag know, before it started using the name Attrezzi, that a small kitchen store in Portsmouth was already using the name? 3. What is reverse confusion? What did the Court say were the two types of damage that reverse confusion can cause?4. Did Attrezzi produce actual evidence of confusion? If so, what was the evidence? 5. Who won the case? 6. How do you register a trademark? What are the processes and cost.

Assignment 2: Required Assignment 1—The S’No Risk Program

Question
	
Assignment 2: Required Assignment 1—The S’No Risk Program
In the mid-eighties, the Toro company launched a promotion in which snow blower purchasers could refund a portion of their purchase if the next winter brought modest snowfalls. The amount of their refund was tied to snowfall amounts and so, the program was prey to certain risks and uncertainties. You will explore those risks and choices from a variety of perspectives.
Review the case study “The Toro Company S’No Risk Program” by David E. Bell (1994) from this module’s assigned readings.  to download the Toro Excel worksheet which contains data exhibits from the article; the exhibit titles match the tabs long the bottom of the worksheet. Use this tool to conduct your data analysis for this assignment.
Analyze the risks of the program from the following points of view:
Toro
The insurance company
The consumers
Write a 6–8-page analysis paper that addresses the following:
Why did the insurance company raise the rates so much? How would you estimate a fair insurance rate?
From the perspective of the consumer, how were the paybacks structured and how might they be restructured to entice you at an equal or lower cost of insurance? How does the program influence your decision to purchase?
What are the common decision traps which each group in point (2) is susceptible to? Develop a matrix or decision tree in order to compare the groups. How does the program impact the consumer’s “regret”? (Hint: Map the possible outcomes for the consumer.)
From either Toro’s or the insurance company’s perspective, how would you frame your argument to achieve your desired objective?
Was the program successful? Why or why not?
If you were Dick Pollick, would you repeat the program? Assume you manage the S’No Risk program and argue your case. To what biases are you susceptible in this case?
Bell, D. E. (1994). The Toro company s’no risk program. Harvard Business School. Case No. 9-185-017.
Assignment 2 Grading Criteria
Maximum Points
Analyze the risks of the program from the point of view of Toro, the insurance company, and consumers.
32
Explain why the insurance company raises rates so much. Explain how you would estimate a fair insurance rate.
20
From the perspective of the consumer, explain how the paybacks were structured and how they be might restructured to entice you at an equal or lower cost of insurance. Analyze how the program influences your decision to purchase.
36
Identify the common decision traps to which each group in point is susceptible. Develop a matrix in order to compare the groups. Analyze how the program impacts the consumer’s “regret.”
32
Choose either Toro’s or the insurance company’s perspective and discuss how you would frame your argument to achieve your desired objective.
16
Evaluate the success of the program. Justify your answer.
24
If you were Dick Pollick, explain whether you would or would not repeat the program. Assume you manage the S’No Risk program and argue your case. Explain to what biases you are susceptible in this case.
24
Ensure academic writing, such as grammar, spelling, and attribution of sources, is appropriate.
16
Total:
200
	
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general business data bank

Question
	
1. The rapid
expansion of ________ has created opportunities to personalize marketing. 

a.
target
marketing

b.
globalization

c.
the Internet

d.
standardization

e. CD
technology

 



2. ________ is about
making sure that the brand and its marketing are as relevant as possible to as
many customers as possible. 

a.
Personalizing
marketing 

b.
Segmenting
marketing

c.
Brand
imagery

d.
Emotionalizing
brands

e. Rationalizing brands

 



3. The traditional
“marketing-mix” concept and the notion of the “four Ps” may not adequately
describe modern marketing programs. ________ is about mixing and matching
marketing activities to maximize their individual and collective effects. 

a.
Personalizing
marketing

b.
Individualizing
marketing

c.
Globalizing
marketing

d.
Institutionalizing
marketing 

e. Integration marketing 

 





4.
For a
brand to succeed, marketers must “walk the walk” and ensure that employees and
marketing partners do the same. Marketers often must use ________ to motivate
those groups to support the brand. 

a.
global
branding

b.
retro-branding

c.
internal
branding

d.
external
branding

e.
dual
branding

 



5.
Mark
Thomas has observed that Shell delivers on its promises to supply the best
gasoline possible to the driving public.
Shell promotions, employees, and distributors send a common and
consistent message about delivering on Shell promises to Mr. Thomas. Mr. Thomas is most likely experiencing
________.

a.
brand
image

b.
brand
enhancement

c.
brand
belief

d.
brand
attitude

e.
brand
bonding

 

6.
Brand
equity can be built by ________—linking the brand to other information in
memory that conveys meaning to customers.

a.
internal
marketing

b.
brand
bonding

c.
secondary
associations

d.
customer
alignment

e.
brand
auditing

 



7.
Which
of the following is NOT a main secondary source of brand knowledge?

a.
Other
brands

b.
People

c.
Things

d.
Local,
state, and federal governments

e.
Places

 



8.
Which
of the following is one of the main ways to measure brand equity? 

a.
Statistical
analysis of demographics

b.
Secondary
evaluation of governmental statistics

c.
Directlyassessing the actual impact of brand knowledge on consumer response to
different aspects of marketing

d.
Evaluating
published statistics of competitors

e.
Hiring
independent evaluators

 





9.
A
brand manager is concerned that his organization’s brand image and physical
sales are slipping in the marketplace. The manager has decided to query
consumers about the health of the brand and try to discover ways to leverage
the brand’s equity. Which of the following terms will most likely provide the
structure and process for the manager’s investigation? 

a.
A
brand demographic matrix analysis

b.
A
secondary search of good brand characteristics

c.
A
brand audit

d.
An
organizational audit

e.
A
brand-positioning study



10. ________ are a means of understanding
where, how much, and in what ways brand value is being created, to facilitate
day-to-day decision making.

a.
Internal
marketing campaigns

b.
Brand
portfolio audits

c.
Brand
value chains

d.
Sales
cycles

e.
Brand-tracking
studies

 



11. A structured approach to assessing the
sources and outcomes of brand equity and the manner in which marketing
activities create brand value is called ________. 

a.
the
brand value chain

b.
the
brand portfolio

c.
the
brand life cycle

d.
brand
partitioning

e.
brand
positioning

 



12. Competitive superiority and channel and
other intermediary support are factors that influence the ________ of the brand
value chain.

a.
program
multiplier

b.
customer
multiplier

c.
brand
multiplier

d.
profit
multiplier

e.
market
multiplier

 



13. ________ is the job of estimating the total
financial value of the brand. 

a.
Brand
tracking

b.
Brand
auditing

c.
Brand
equity

d.
Brand
valuation

e.
Brand
partitioning

 





14. A company’s major enduring asset is
________. 

a.
its
leadership

b.
its
brand

c.
its
culture

d.
its
shareholders

e.
its
workers

 



15. The first step in
the brand valuation process is ________.

a. the brand
strength assessment

b. quantification of
the role of branding

c. calculation of
the net present value of the earnings forecast

d. the division of
markets in which the brand is sold into mutually exclusive customer segments

e. financial
analysis of the company’s earnings
before interest and taxes

 



16. When a firm uses
an established brand to introduce a new product, it is called a________. 

a. subbrand

b. brand value

c. brand extension

d. brand mix

e. brand posture

 



17. A parent brand that is associated
with multiple products through brand extensions can also be called a ________.

a.
category
brand

b.
subbrand

c.
extension
brand

d.
family
brand

e.
line
brand

 



18. A ________ consists of all
products—original as well as line and category extensions—sold under a particular
brand.

a.
brand
line

b.
brand
variant

c.
brand
mix

d.
licensed
product

e.
subbrand

 







19. A major advantage of a(n) ________
strategy is that the company does not tie its reputation to the product.

a.
blanket
family name

b.
licensing

c.
individual-names

d.
category
extension

e.
brand
revitalization

 



20. Two advantages of ________ are
that they can facilitate new-product acceptance and provide positive feedback
to the parent brand and company.

a.
product
licensing

b.
brand
extensions

c.
individual-names
strategies

d.
brand
audits

e.
brand
dilutions

 



21. According to Ries and Trout,
Cadbury suffered from the ________ when the company allowed its brand to become
diluted by putting their name on such variants as mashed potatoes, powdered
milk, and soups, as well as chocolates and candies. 

a. “greed is good” trap

b. “pyramid principle”

c. “branding fallout” concept

d. “image syndrome”

e. “line-extension” trap

 



22. Even if sales of a brand extension are high
and meet targets, the revenue may be coming from consumers switching to the
extension from existing parent-brand offerings—in effect ________ the parent
brand.

a.
diluting

b.
cannibalizing

c.
reinforcing

d.
eroding

e.
feeding
back to

 : 



23. A ________ is the set of all brands and
brand lines a particular firm offers for sale to buyers in a particular
category. 

a.
brand
partition

b.
brand position

c.
brand
portfolio

d.
brand
concept

e.
brand
image

 





24. Marketers introduce multiple brands in a
category for all of the following reasons EXCEPT ________. 

a.
to
increase shelf presence and retailer dependence in the store

b.
to
attract consumers seeking variety who may otherwise have switched brands

c.
to
increase internal competition within the firm

d.
to
yield economies of scale in advertising, sales, and merchandising

e.
to
reduce manufacturing costs and complexity



25. The hallmark of an optimal brand portfolio
is ________.

a.
the
ability of each brand to maximize equity in combination with all the other
brands in it

b.
the
ability of each brand to maximize its individual equity in isolation

c.
maximal
brand overlap

d.
the
eventual reduction of brand differentiation to create a unified brand
appearance

e.
none
of the above

 



26. ________ brands are positioned with respect
to competitors’ brands so that more important (and more profitable) flagship
brands can retain their desired positioning. 

a.
Flanker

b.
Attacker

c.
Defender

d.
Blitzkrieg


e.
Individual

 



27. The role of a ________ in the brand
portfolio often may be to attract customers to the brand franchise. Trading up
will often occur with this type of brand. 

a.
cash
cow

b.
flanker
brand

c.
fighting
brand

d.
high-end
prestige brand

e.
low-end
entry-level brand 

 



28. In its focus on bottom-line financial
value, the ________ approach often overlooks the “option value” of brands and
their potential to affect future revenues and costs.

a.
brand
equity

b.
brand
value chain

c.
customer
value

d.
customer
equity

e.
brand
extension

 







29. According to
Scott Bedbury’s book, A New Brand World,all of the following are
considered to be important principles for 21st-century branding EXCEPT
________.

a.
consumers will tell you what your brand image
should be

b.
relying on brand awareness has become marketing
fool’s gold

c.
you have to know it before you can grow it

d.
great brands establish enduring customer
relationships

e.
all brands need good parents

	

DISCUSS THE DEMOCRATIC PEACE THEORY AS POSTIVIST WORK IN INTERNATIONAL RELATIONS.

DISCUSS THE DEMOCRATIC PEACE THEORY AS POSTIVIST WORK IN INTERNATIONAL RELATIONS.

Order Description Paper need to directly discuss without introduction(do not need introduction) the democratic peace theory as an positivist work in international relations. There should be discussed how positivism see the variables such as democracy and peace and how they making causal relations between them. Essay should strictly focus on positivist approach and explain why democractic peace theory must be considered as positivist epistemology. Important: Do not describe the democratic peace theory only, but appy positivist epistemology and prove that demlcratic peace theory is outstanding positivist work

The StayaNight discount motel chain is considering a proposal

Question
	
The StayaNight discount motel chain is considering a proposal to build a new motel that would have 150 rooms. 
Revenues: Once the motel is operational, it will generate revenue of $100 per night per room that is occupied. This price is expected to hold constant over the lifespan of the project. 

Operational Costs: Daily operational including labour and materials; costs are $5,000 + $20 per occupied room in year 1, and both will increase 3% annually. Accounts Receivable, Accounts Payable and Inventory can be ignored. 
Administrative Expense: Administrative expense is estimated at $350,000 annually with no annual change. Annual Replacement Expense (furniture etc.) is $50,000 in year one and will grow10% per year after that. Marketing is planned at $60,000 annually. 
Investment: The motel will cost $1,000,000 to build. Simplify depreciation to be calculated as straight line over 30 years. It will be financed with a 30 year loan at 8% interest compounded annually with annual payments. It will be sold at the end of year 15 for $300,000, at which time the remaining balance on the load will be paid. The land lease cost is $100,000 annually. The corporate minimally attractive rate of return is 15%. Tax rate is 35%. 
Prepare an income statement and cash flow statement.	

Marci has two jobs and both employers withheld FICA tax. From her first job, she earned $98,600 and from her

Question
	1. Marci has two jobs and both employers withheld FICA tax. From her first job, she earned $98,600 and from her second job she earned $13,700. How much can Marci claim on her Form 1040 as excess social security tax paid in 2012? (Points : 1)
$0.
$44.94.
$74.40.
$92.40.





Question 2. 2. In order to obtain and retain qualified status, a pension or profit-sharing plan must not discriminate in favor of highly compensated employees which include: (Points : 1)
Employees who own more than 5% of the corporation's stock.
Employees who received over $85,000 compensation in the previous year.
Employees who were in the top 25% of employees based on compensation.
None of the above.





Question 3. 3. Which of the following statements is not true regarding the credit for the elderly or the disabled? (Points : 1)
Taxpayer may not have earned income.
Taxpayer may receive social security benefits.
Taxpayer must be over age 65.
Taxpayer must be retired or on permanent and total disability.





Question 4. 4. Which of the following statements is correct? (Points : 1)
In part, Congress established pension plan rules to encourage individuals to save for retirement.
Retirement plans are generally not tax-free, only tax-deferred.
Individuals or companies usually establish a pension plan with a trustee.
All of the statements are correct.





Question 5. 5. Employees claim withholding allowances on Form W-4. For each withholding allowance claimed, their withholding base is reduced by what amount for calendar year 2012? (Points : 1)
$3,650.
$3,700.
$3,750.
$3,800.





Question 6. 6. Joseph paid $1,750 in qualifying expenses for his daughter who attended a community college. How much is Joseph's lifetime learning credit without regard to AGI limitations or other credits? (Points : 1)
$250.
$350.
$825.
$1,750.





Question 7. 7. Which of the following statements is not true with regard to the child and dependent care expense credit? (Points : 1)
The maximum amount of expenses for one dependent is $3,000.
Married taxpayers must file joint returns.
A non-working spouse attending school full-time is deemed to have earned income of $250 per month for one qualifying person.
The maximum amount of expenses for two or more dependents is $6,000.





Question 8. 8. Ladaris has two jobs. She earned $112,000 from her first job and $10,000 from her second job. How much total FICA taxes will Ladaris have withheld from her wages from working two jobs? (Points : 1)
$6,248.20
$6,785.65.
$6,813.20.
$6,893.00.





Question 9. 9. In a large food or beverage establishment, on what form or schedule is any tip shortfall from a directly tipped employee recorded? (Points : 1)
Form 4070.
Form 8027.
Form 8109.
Schedule C.





Question 10. 10. What are some tax consequences related to a qualified pension plan? (Points : 1)
Employer contributions are deductible when made.
Earnings on the contributions are taxable to the employee.
Employees are not taxed until distributions are received from the plan.
Only a. and c.	

ACC – Week 4 Assignment 2

Question
	
Week 4 Assignment 2 
E-9-19 Dollar-value LIFO retail
On January 1, 2011, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2011:

Cost Retail
Beginning inventory $ 71,280 $ 132,000 
Net purchases 112.500 255,000
Net markups 6,000
Net markdowns 11,000
Net sales 232,000 
Retail price index, 12/31/11 1.04 
Required:
Calculate the estimated ending inventory and cost of goods sold for 2011 
E 9-21 Dollar value LIFO retail 
Lance-Hefner Specialty Shoppes decided to use the dollar-value LIFO retail method to value its inventory. Accounting records provide the following information:
Cost Retail 
Merchandise inventory, January 1, 2011 $ 160,000 $ 250,000
Net purchases 350,200 510,000
Net markups 7,000
Net markdowns 2,000 
Net Sales 380,000 
Pertinent retail price indexes are as follows:
January 1, 2011 1.00
December 31, 2011 1.10
Required: 
Determine ending inventory and cost of goods sold.

P 9-1 Lower of cost or market 
Decker Company has five products in its inventory. Information about the De3cember 31, 2011, inventory as follows:
Product Quantity Unit Cost Unit replacement Unit Selling
Cost Price 
A 1,000 $ 10 $ 12 $ 16
B 800 15 11 18
C 600 3 2 8 
D 200 7 4 6 
E 600 14 12 13 
The selling cost for each product consists of a 15 percent sales commission. The normal profit percentage for each product is 40 percent of the selling price. 
Required:
1. Determine the balance sheet inventory carrying value at December 31, 2011, assuming the LCM rule is applied to individual products.
2. Determine the balance sheet inventory carrying value at December 31, 2011, assuming the LCM rule is applied to the entire inventory. Also assuming that Decker recognizes an inventory write-down as a separate income statement item, determine the amount of the loss. 

	

ECo–004 Pennsylvania State University Assignment

Question
	

Question 1. 1.An increase in aggregate demand is most likely to be caused by a decrease in (Points : 4) 
the wealth of consumers.
consumer and business confidence.
expected returns on investment.
the tax rates on household income.

Question 2. 2. (TCO 5) The long-run aggregate supply curve is (Points : 4) 
upward-sloping and becomes steeper at output levels above the full-employment output.
upward-sloping and becomes flatter at output levels above the full-employment output.
horizontal.
vertical.

Question 3. 3. (TCO 5) Which would most likely increase aggregate supply? (Points : 4) 
An increase in the prices of imported products
An increase in productivity
A decrease in business subsidies
A decrease in personal taxes

Question 4. 4. (TCO 5) Disinflation refers to a situation where (Points : 4) 
price level falls, but the rate of inflation does not.
Price level rises, but the rate of inflation does not.
the rate of inflation falls, but the price level does not.
the rate of inflation rises, but the price level does not.

Question 5. 5. (TCO 6) If a family's MPC is .7, it means that the family is (Points : 4) 
operating at the break-even point.
spending seven-tenths of any additional income.
necessarily dissaving.
spending 70 percent of its disposable income.

Question 6. 6. (TCO 7) Which definition(s) of the money supply include(s) only items which are directly and immediately usable as a medium of exchange? (Points : 4) 
M1
M2
Neither M1 nor M2
M1 and M2

Question 7. 7. (TCO 7) Which of the following "backs" the value of money in the United States? (Points : 4) 
Gold stored in the Federal Reserve Bank of New York
Acceptability of it as a medium of exchange
Willingness of foreign government to hold U.S. dollars
Size of the budget surplus in the U.S. government

Question 8. 8. (TCO 7) How many members can serve on the Board of Governors of the Federal Reserve System? (Points : 4) 
Seven
Nine
12
14

Question 9. 9. (TCO 7) Which group is responsible for the policy of changing the money supply? (Points : 4) 
Federal Open Market Committee
Office of Management and Budget
Thrift Advisory Council
Federal Advisory Council

Question 10. 10. (TCO 7) Other things being equal, an expansion of commercial bank lending (Points : 4) 
changes the composition, but not the size, of the money supply.
is desirable during a period of demand-pull inflation.
reduces the money supply.
increases the money supply.

Question 11. 11. (TCO 7) During the financial crisis of 2007-2008, the FDIC increased deposit insurance coverage from (Points : 4) 
$50,000 to $100,000 per account.
$100,000 to $250,000 per account.
$200,000 to $500,000 per account.
$500,000 to $1,000,000 per account.

Question 12. 12. (TCO 7) Which monetary policy tool was created in response to the financial crisis of 2007-2008? (Points : 4) 
Discount rate
Term auction facility
Target federal funds rate
Open market operations

Question 13. 13. (TCO 7) The Federal Reserve could reduce the money supply by (Points : 4) 
selling government bonds in the open market.
buying government bonds in the open market.
operating the term auction facility.
reducing the discount rate.

Question 14. 14. (TCO 8) Which of the following products is a leading import of the United States? (Points : 4) 
Grains
Aircraft
Petroleum
Generating equipment

Question 15. 15. (TCO 8) The principal concept behind comparative advantage is that a nation should (Points : 4) 
maximize its volume of trade with other nations.
use tariffs and quotas to protect the production of vital products for the nation.
concentrate production on those products for which it has the lowest domestic opportunity cost.
strive to be self-sufficient in the production of essential goods and services.

Question 16. 16. (TCO 8) If a nation imposes a tariff on an imported product, then the nation will experience a(n) (Points : 4) 
decrease in total supply and an increase in the price of the product.
decrease in demand and a decrease in the price of the product.
decrease in supply of, and an increase in demand for, the product.
increase in supply of, and a decrease in demand for, the product.

Question 17. 17. (TCO 8) A key difference between import quotas and voluntary export restraints (VERs) is that the (Points : 4) 
domestic government administers the former, whereas the foreign government administers the latter.
foreign government administers the former, whereas the domestic government administers the latter.
one is a tax, whereas the other is a quantity limit.
one raises the price of the imported product involved, whereas the other one does not.

Question 18. 18. (TCO 8) Tariffs and import quotas would benefit the following groups, except (Points : 4) 
consumers of the product.
domestic producers of the product.
workers in domestic firms producing the product.
the government of the importing country.

Question 19. 19. (TCO 8) A major goal of the World Trade Organization is to (Points : 4) 
increase the protection of producers against foreign trade competition.
encourage bilateral trade agreements between nations.
liberalize international trade among nations.
maximize tariff revenue for governments.

Question 20. 20. (TCO 9) French and German farmers wanting to buy equipment from an American manufacturer based in the U.S. will be (Points : 4) 
supplying dollars and also supplying euros in the foreign exchange market.
demanding dollars and also demanding euros in the foreign exchange market.
supplying dollars and demanding euros in the foreign exchange market.
supplying euros and demanding dollars in the foreign exchange market.


Remittances of Mexican workers in the U.S. to their families in Mexico are included in the U.S. balance of payments as a debit in the section on (Points : 4) 
trade in services.
net international transfers.
financial accounts.
capital accounts.

Question 2. 2. (TCO 9) A trade deficit means a net (Points : 4) 
inflow of payments for goods and services.
outflow of goods and services.
inflow of goods and services.
excess of exports over imports.

Question 3. 3. (TCO 9) If an American can purchase 40,000 British pounds for $90,000, the dollar rate of exchange for the pound is (Points : 4) 
$0.44.
$0.23.
$2.25.
$2.00.

Question 4. 4. (TCO 9) When the exchange rate between pounds and dollars moves from $2 = 1 pound to $1 = 1 pound, we say that the dollar has (Points : 4) 
depreciated.
appreciated.
inflated.
deflated.

Question 5. 5. (TCO 9) The monetary system for conducting international trade is usually described as a system of (Points : 4) 
fixed exchange rates.
freely floating exchange rates.
a managed gold standard.
managed floating exchange rates.

Question 6. 6. 
(TCO 8) a) Explain four problems with the argument that trade protection is needed to protect American jobs. b) Describe the economic reasons why businesses use offshoring.
(Points : 40) 


Question 7. 7. 
(TCO 6) a) Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate? b) Explain what is meant by a built-in stabilizer and give two examples. 
(Points : 40) 


Explain the aspects of expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate?



	

Accounting Project has to be orginal work

Question
	
Objectives
The objective of this project is to give the students an opportunity to learn how to develop notes to the financial statements. This will include determining which items need to be included in the notes, which items need to have additional information provided in the notes, how the notes should be written, and the use of proper grammar in writing the notes. The students will also learn how to write professional and business information in a comfortable, easy manner in which readers can understand what is being written and what is meant by what is written.
Description
During the course you will be required to develop a Course Project having to do with writing notes for a fictitious annual report. You will hand in the project at the end of Week 8.In order to assist you in writing the notes, you may use the notes for Proctor & Gamble, as shown on pages 246–277, or you may use those shown as examples in Chapter 24. Although you may use these as an example, you are not to use their actual notes, or the notes from any other company, because this would be considered plagiarism (and if discovered, would result in a grade of “F,” or zero points for the assignment).Your project should consist of; but not be limited to, the items below.
Note 1:Significant Accounting Polices (consisting of at least 10 items) 
Notes 2–10+:Consisting of at least the items below.
Inventory 
Property, Plant, & Equipment 
Contingencies and Liabilities 
Changes in Accounting Principles or Estimates 
Post Balance Sheet Events 
Mergers and Acquisitions 
Lease Obligations 
EPS 
Long-Term Debt 
Employee Pension Obligations
If you have any questions, please feel free to contact your instructor.
Good luck.
Guidelines
The notes will include as "Summary of Significant Accounting Principles" as Note 1.
The notes will then include detailed information about at least 10 different items that are usually contained in the notes to the financial statements.
The student will gain experience in writing business topics and the need to have detailed information provided in the notes to the financial statements.

Grading Rubrics
Category
Points
%
Description
Making proper selection of items to be included in the notes to the financial statements
24
20
From the review of the Proctor & Gamble financials and the review of Chapter 24 for full disclosure requirements, the student will be able to determine which notes to be included.
Determine what information should be included in Note 1.
24
20
The information and accounts that are included in Note 1 are those that are necessary for the company to disclose how certain items are treated in the company’s everyday transactions.
Determine the detail information that should be included in Notes 2–10+.
60
50
It is important for the student to understand the difference between information furnished in Note 1 and a separate note detailing the information for the subject of the individual notes.
Proper use of good business writing
12
10
The student needs to understand that proper business writing does not include slang or improper use of words that are used in common day-to-day discussions.
Total
120
100%
A quality project will meet or exceed all of the above requirements.

	

ACC 557 Assignment 2

Question
	

Write a six to eight (6-8) page business plan in which you:
1. 
Describe the type of business you have created including: 

a. The product or service, and general staffing plan. Provide a rationale for your plan.


b. The form of your business and the benefits it offers your particular business,


c. A chart of accounts specific to your business, including a rationale as to the selection of each account. (Note: The chart of accounts is a blueprint of your business for the lender/investor. It should report the expected resources that you will consume in your business (assets), the sources of those resources (liabilities and equity), the sources of revenue, and expenditures that you expect to incur to earn those revenues. You may build a detailed chart that includes business units, divisions, product lines, etc.)
1. 
Based on the form of your business, analyze whether or not you will be required to use Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) accounting methods and how the IFRS / GAAP convergence will impact your business. Suggest how you will incorporate any changes into your books and records. (Note: You need to demonstrate to the lender/investor that you have recognized possible changes to GAAP that may impact the accounting and reporting of your accounting events.)
 
2. 
Prepare a pro forma balance sheet and income statement providing the assumptions made and support the valuations assigned.
3. 
Considering the value of assets (assigned per your balance sheet) used within your business, recommend two (2) specific internal controls that you will implement to protect your company’s assets and resources, justifying how each will provide assurances to management. (NOTE: Safeguarding assets and protecting personal data are paramount to ensuring the viability of a business. Demonstrate to the lender/investor that your assets will be safeguarded and customer information (if applicable) will be protected.)
4. 
Based on the internal control recommendations that you made, suggest how you will implement each within your business environment, indicating how challenges or resistances will be overcome. 
5. 
Evaluate the impact of the regulatory environment, including the Sarbanes-Oxley Act and other regulatory requirements, on your business venture, giving considering to how you intend to comply with the requirements and the general impact to decision making within your business.
6. 
Use at least four (4) quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources. 
Your assignment must follow these formatting requirements:
· 
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
· 
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
· 
Examine accounting principles and concepts used in businesses.
· 
Assess appropriate internal controls, regulatory requirements according to the Sarbanes-Oxley Act, and fraud prevention and detection.
· 
Use technology and information resources to research issues in financial accounting.
· 
Write clearly and concisely about financial accounting using proper writing mechanics.