Business Essentials (12th Edition) (What's New in Intro to Business)
12th Edition
ISBN: 9780134728391
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 15, Problem 15.22EE
Summary Introduction
Case summary:
Person A is an owner of the small contracting business. In the late of January 2018, Person A delivered his income records and original expenses to Person K, who is a CPA, to prepare tax returns and financial statements for the year of 2017. After a few weeks, Person K delivered the financial statement to Person A in which he found that he owes a lot of tax money.
As he is just recovering from the recession, he could not be able to pay such a huge tax. However, Person K stated that she cannot make the change. Hence, Person A is disappointed.
To determine: The things to be done by Person A and Person K in this situation.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Why is a house in Clybourne Park a potentially dangerous idea for the Youngers?
Marie Collins, owner of Grand Canyon Helicopter Adventures (a sole proprietorship), wants to expand her business. To do this, she needs an influx of cash and help running the business. Should she bring in her friend who is quite wealthy, is good at handling day-to-day operations, but has a less than perfect flying record? Or should she continue to fly solo? List the risks and benefits associated with bringing in the new partner. Are there other options?
4. If your friend in Situation 2 decides to write a business plan, what advice would you give her?
5. In Situation 3, when looking into why the profits were not up to expectations, Rose discovered that Martin had been embezzling funds from the company. In addition to this problem, what other issues might have contributed to the firm's poor performance?
6. What could Rose have done in Situation 3 to reduce the chance of Martin's embezzlement? What are his options now?
Chapter 15 Solutions
Business Essentials (12th Edition) (What's New in Intro to Business)
Ch. 15 - Prob. 15.1QRCh. 15 - Prob. 15.2QRCh. 15 - Prob. 15.3QRCh. 15 - Prob. 15.4QRCh. 15 - Prob. 15.5QRCh. 15 - Prob. 15.6QACh. 15 - Prob. 15.7QACh. 15 - Prob. 15.8QACh. 15 - Prob. 15.9AECh. 15 - Prob. 15.10AE
Ch. 15 - Prob. 15.11ACh. 15 - Prob. 15.12ACh. 15 - Prob. 15.13ACh. 15 - Prob. 15.14ACh. 15 - Prob. 15.15ACh. 15 - Prob. 15.20EECh. 15 - Prob. 15.21EECh. 15 - Prob. 15.22EECh. 15 - Prob. 15.23CCh. 15 - Prob. 15.24CCh. 15 - Prob. 15.25CCh. 15 - Prob. 15.26CCh. 15 - Prob. 15.27CCh. 15 - Prob. 15.28CCh. 15 - Prob. 15.29CCh. 15 - Prob. 15.30CCh. 15 - Prob. 15.31C
Knowledge Booster
Similar questions
- Domino’s Pizza is fighting a lawsuit based on disparate treatment and Round Table Pizza is fighting a lawsuit based on disparate impact (both lawsuits were filed by people applying for the position of pizza maker). 1) Give one hypothetical situation that would have resulted in each of the two lawsuits. 2) For each of the two lawsuits, what is one specific thing the organization should do to win the lawsuit, and why?arrow_forwardWhich Nonrational decision making model does Byford employ? How?arrow_forwarda. How and when the Rice Weevil became economically damaging? b. What is the extent of the economic damage of Rice Weevil?arrow_forward
- Using the 1985 Chicago Bears’ walk-through forfeiture model, how would you explain each stage in Tuckman's forfeiture model as it occurred for the Bears?arrow_forwardA univercity professor had appointed of an excellent young researcher and since her appointment, the assistant professor had introduced to the researcher to those parts of the research work that she was to take up. The assistant professor had to fit this mentoring role alongside her other research activities. How can we come up with a solution that the two persons (the assistant professor and the young researcher) can come and work along together in a good environment?arrow_forwardIllustrate the Length of time between the decision and the onsetof consequences?arrow_forward
- who is Mathur and Kenyon and what they did?arrow_forwardAn architect and a general contractor join forces and win aDB project contract. What risks could this arrangement have,from the owner’s perspective? What advantages could thisad-hoc enterprise have, again from the owner’s viewpoint?arrow_forwardYour Task For each scenario, discuss the following: - What is the issue (there may be more than 1)? - Who are the parties affected? - List and explain 2 alternatives for handling each situation o Discuss 2 pros and 2 cons for each alternative What is your conclusion? Discuss the best way to handle each situation - use reasoning to justify your decision Situation You manage a catalog phone center|where each of your 20 workers answers phones all day in one of four cubicles. You have just received another complaint from one of the women in the department. She is disturbed because one of the workers in her cubicle has put pictures of women in bathing suits up all over his workspace. She finds this offensive. She had asked him to remove the pictures, but he refused. This is the second time a complaint of this nature has taken place. Last time you switched him to another cubicle.arrow_forward
- Analyze the following situations. Choose one situation which you think is less harmful. Explain why it is less harmful. How can you counter the harm that it causes?1. (Project A) Mr Ang plans plans to have a project which is a factory that would employ 50% of the people in the community but his factory would releases harmful chemicals to the sea.2. ( Project B) Mr. Bin plans to create an amusement park project to attract people to work on his place/business so that the factory would be closed and stop releasing harmful chemicals to the sea. However, Mr. Bin needs to cut the trees along the place where he has to build his amusement park but this again would cause harm to the environment. 3. (Project C) Mr. Ching plans to establish a resort and hotel project so that Mr Bin cannot cut the trees in order to save nature. However, by so doing he has to reclaim an area where mangroves grow which serves as fish sanctuary. Question: If you are a lover of nature and a…arrow_forwardThe Vale Mining Company Dam Collapse... 2. What ethical safeguards were present at Vale at the time of the dam collapse? Why did they not prevent the dam collapse?arrow_forwardCan you think of a strategy that could have increased Burgmaster’s chance of survival? Explain why you think that strategy would have beenarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
