Term free essay sample

ANS:T A contribution of property to a partnership followed by a distribution soon thereafter may be recharacterized as a disguised sale of the property by the partner to the partnership. A disguised sale does not receive tax-deferred treatment under  § 721. PTS:1REF:p. 21-10 3. Jim and Nancy formed an equal partnership on June 1 of the current year. Jim contributed $10,000 cash and land with a basis of $8,000 and a fair market value of $6,000. Nancy contributed equipment with a basis of $14,000 and a value of $16,000. Nancy’s tax basis in her interest is $14,000; Jim’s tax basis is $18,000. ANS:T Jim’s basis includes the $8,000 substituted basis for the contributed land plus $10,000 cash, for a total of $18,000. Nancy’s basis is $14,000, a substituted basis from the contributed equipment. PTS:1REF:Example 7 | Example 14 4. Rachel and Barry formed the equal RB Partnership during the current year, with Rachel contributing $100,000 in cash and Barry contributing land (basis of $60,000, fair market value of $80,000) and equipment (basis of $0, fair market value of ,000). We will write a custom essay sample on Term or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Barry recognizes a $40,000 gain on the contribution and his basis in his partnership interest is $100,000. ANS:F Under  § 721, neither the partnership nor a partner will generally recognize gain or loss on contribution of property to a partnership. Barry’s substituted basis in his partnership interest is his $60,000 basis in the assets contributed ($60,000 basis in land plus $0 basis in equipment). PTS:1REF: Example 8 | Example 9 5. John and Ken formed the equal JK Partnership during the current year, with John contributing $50,000 in cash and Ken contributing land (basis of $30,000, fair market value of $20,000) and equipment (basis of $0, fair market value of $30,000). Ken recognizes no gain or loss on the contribution and his basis in his partnership interest is $30,000. ANS:T Under  § 721, neither the partnership nor a partner will generally recognize gain or loss on contribution of property to a partnership. Ken’s basis in his partnership interest is the $30,000 basis in the assets contributed ($30,000 basis in land plus $0 basis in equipment). PTS:1REF: Example 8 | Example 9 6. Julie is a real estate developer and owns property that is treated as inventory (not a capital asset) in her business. She contributed a parcel of this land (basis $60,000; fair market value $58,000) to a partnership, which ill also hold it as inventory. After three years, the partnership sells the land for $56,000. The partnership will recognize a $4,000 ordinary loss on sale of the property. ANS:T Since the property was not a capital asset in Julie’s hands, the partnership is not subject to the requirement that precontribution losses (realized and recog nized by the partnership within five years of contribution) be treated as capital losses. Example 16 7. The XYZ Partnership, a calendar year taxpayer, was formed on April 1 of the current year. It incurred $23,000 of legal fees on formation. XYZ may deduct $5,000 and amortize the remaining $18,000 over 180 months, for $900 in the current year. ANS:T All organization costs incurred by the end of the first taxable year of the partnership may be expensed (up to $5,000) and the balance amortized over 180 months commencing with the month the taxpayer begins business. PTS:1REF:Example 18 8. PaulCo, DavidCo, and Ralph form a partnership with cash contributions of $80,000, $50,000 and $30,000, respectively, and agree to share profits and losses in the ratio of their original cash contributions. PaulCo uses a January 31 fiscal year-end, while DavidCo and Ralph use a November 30 and December 31 fiscal year-end, respectively. Since PaulCo is a majority partner, this partnership will use a January 31 year-end. ANS:F The partnership has no majority partners, since PaulCo does not own more than 50%. Also, the three principal partners do not have the same year-end. Therefore, the least aggregate deferral method must be used to determine the partnership’s year-end. PTS:1REF:Figure 21-2 9. Meagan purchased her partnership interest from Lisa on the first day of the current year for $30,000 cash.

Free Essays on Causes Of Teen Alcoholism

Speech: Causes of alcoholism among teenagers Today I am going to be talking about the causes of alcoholism among teenagers. Why do teenagers drink alcohol? Why do they get drunk when they go to pubs? All of us have been very well informed about the adverse psychological and physical effects alcoholism may have on ourselves and to our peers. I am not here to discuss about these effects, but instead to point out the underlying causes of alcoholism among teenagers. What makes teenagers dependent on drink or in some cases addicted to drink? Researches have categorized these causes into three main categories: social, psychological and biological. Out of which I’ll point out the social and psychological factors of alcoholism. Everyone wants to be popular and â€Å"cool† and be accepted by people, it is a basic human need. Nobody wants to be left alone or isolated, or be called as a â€Å"loser†. Among teenage circles, alcoholism symbolizes unity, friendship and sociability. And it is a mean by which teenagers can quench their thirst for acceptance by a group. Teenagers go through a difficult time of rebellion, one of the characteristics of adolescence. We all have frequent arguments and little petty fights with our parents. This truly expresses our general rejection of conventional adult standards. This is another cause of alcohol use and possible abuse youths. The third cause is a symbol of aggressive and masculine behaviour. As we all know, it is more commonly found in boys. Teenagers like to create their sense of power and authority for themselves, by being able to outdo the next person in drinking competitions. Such competitiveness is conducive to an abusive drinking style. Teenagers find themselves in a stage between childhood and adulthood. Teenagers try to imitate others and want others to recognize them as adults. There is a belief among teenagers that drinking symbolizes adult status, and therefore b... Free Essays on Causes Of Teen Alcoholism Free Essays on Causes Of Teen Alcoholism Speech: Causes of alcoholism among teenagers Today I am going to be talking about the causes of alcoholism among teenagers. Why do teenagers drink alcohol? Why do they get drunk when they go to pubs? All of us have been very well informed about the adverse psychological and physical effects alcoholism may have on ourselves and to our peers. I am not here to discuss about these effects, but instead to point out the underlying causes of alcoholism among teenagers. What makes teenagers dependent on drink or in some cases addicted to drink? Researches have categorized these causes into three main categories: social, psychological and biological. Out of which I’ll point out the social and psychological factors of alcoholism. Everyone wants to be popular and â€Å"cool† and be accepted by people, it is a basic human need. Nobody wants to be left alone or isolated, or be called as a â€Å"loser†. Among teenage circles, alcoholism symbolizes unity, friendship and sociability. And it is a mean by which teenagers can quench their thirst for acceptance by a group. Teenagers go through a difficult time of rebellion, one of the characteristics of adolescence. We all have frequent arguments and little petty fights with our parents. This truly expresses our general rejection of conventional adult standards. This is another cause of alcohol use and possible abuse youths. The third cause is a symbol of aggressive and masculine behaviour. As we all know, it is more commonly found in boys. Teenagers like to create their sense of power and authority for themselves, by being able to outdo the next person in drinking competitions. Such competitiveness is conducive to an abusive drinking style. Teenagers find themselves in a stage between childhood and adulthood. Teenagers try to imitate others and want others to recognize them as adults. There is a belief among teenagers that drinking symbolizes adult status, and therefore b...

Fualole's Song Essay Example | Topics and Well Written Essays - 1250 words

Fualole's Song - Essay Example I joined the military at the age of eighteen and also had my first baby at that young age. These two events I think of as my first steps to growing up. Before then, I worked in McDonald's. Everybody sees the yellow arch, the red and yellow surroundings, the fast food and maybe the smile but not the person who works there. I might just have been anyone saying "Enjoy your meal" or "Have a nice day." I was, and still am, bubbly, friendly and outgoing, but wanted and needed more. My family could not afford to send me to college, but I wanted to extend myself, to learn more, to find out what I could achieve and who I was. But at that time, my life was fun, I was a kid. I saw the army as an opportunity to do something better. Early experiences of army life were a whole other world, one in which perfection and discipline ruled. Beds with sheets like fresh fallen snow, boots black and shining as tar. Obedience to rules, aching limbs and heavy backpacks, the tools that built physical and mental strength. Best of all was the sense of belonging, the teamwork and the realization that what I did mattered to others, my contribution was valued by my officers, company, division, regiment and country. In a short space of time, I was achieving a wider But even these exciting discoveries could not compare to giving birth to my beautiful baby. If blood, sweat and tears were put together, then that goes a little way to explaining the experience. The tears were of joy, at such an accomplishment, at creating a life. Labor was nothing anyone could have prepared me for - the pain, volcanic at times, pushing and forcing me towards the hope of a prize. At eighteen years old, I had my first understanding of the meaning of unconditional love, the beginning of mature responsibility. Nothing since has ever quite matched that experience, which made me more aware of the cycle of life and also, how important it was for me to try to be the best for somebody I loved, who depended on me. A squally scrap of humanity captured my heart and opened my mind. It was no longer just about me, I had to sing a different tune now. In reflecting on myself, I looked at how I was before I took steps to better myself. Even as a young person, I worked hard and did my best in my job. I saw that I also liked to play hard, have fun with my friends, maybe argue with my parents, and in truth, I did not care too much, so long as I had the money to enjoy myself and not to worry about responsibilities. I did not look further than having fun and getting along with everyone. At the same time, I was becoming more aware that I could maybe do better. I knew I was good with people, could always empathize and communicate and that I had a strong will and values around hard work and striving to improve. These parts of me made me search for a way to grow and better myself in life, while searching for independence. They are what made me join the military, which as I said earlier, moved me a little further along the road to becoming a mature and independent woman, not a thoughtless girl, just drifting through life. Now I believe, I have reached that maturity and independence. I think for myself, I

Information Technology 1-4D Essay Example | Topics and Well Written Essays - 1250 words

Information Technology 1-4D - Essay Example This paper will serve to address four separate questions in regards to technology and modern society, with a careful look into how the use of technology is reflected in our day to day lives. Keywords: technology, day to day lives, Web 2.0, Mark Kennedy, data mining, data collection, decision making process, change, change management, organizational skills, management Information Systems D1-4 1. Mark Kennedy said, â€Å"All of the biggest technological inventions created by man – the airplane, the automobile, the computer – say a little about his intelligence, but speak volumes about his laziness.† What do you think of this quote? Do you agree? Why? Mark Kennedy stated that â€Å"all of the biggest technological inventions created by man – the airplane, the automobile, the computer – say a little about his intelligence, but speak volumes about his laziness† and I could not agree more. While the technologies themselves have been innovative and work to show the different ways that humans are able to take a look at what is available and adapt it to a different use, it is only the generations who are already aware of the original way of doing things that are benefiting from the technology itself. The generations that grow up with the technology already set firmly in place are made lazy and, to a degree, stupid by that same technology (Shaw, 2010). Society has become more and more dependent on technology, to a degree that many members often lack the willingness to think before acting, and as a result of current technologies have become impatient in regards to how quickly information is available (Patil, 2013). While technologies offer many different benefits, and technology is the mother of invention, the current technologies have far more drawbacks than they do rewards. Patil, P. (2013). Technological advancements and its impact on humanity. Retrieved from http://www.academia.edu/346486/Technological_Advancements_and_Its_Imp act_on_Humanity Shaw, S. (2010, September 16). dependence comes with technology. Retrieved from http://www.unlvrebelyell.com/2010/09/16/dependence-comes-with-technology/ 2. Textbooks define Web 2.0 as â€Å"the 2nd generation of the Web, which focuses on online collaboration, users as both creators and modifiers of content, dynamic and customized information feeds, and many other engaging web-based services.† How can these Web 2.0 tools help businesses to gain a competitive advantage? There are a large variety of different products and services associated with Web 2.0 that assist businesses in gaining a competitive advantage. If these technologies, including but not limited to, blogs, wikis, podcasts, mashups, social networks, and RSS filters, are properly deployed, they may allow companies to increase their productivity and competitive advantage in a cost effective manner (Andriole, 2010). IBM performed a study in 2005 which looked into how much Web 2.0 could truly affect co mpetitive advantage, and it showed that a sustainable competitive advantage resulted from continual innovation, increased productivity and transformation and employee learning as a result of the positive application of Web 2.0 tools (Graham & Jones, 2011). Andriole, S. J. (2010). Business Impact of Web 2.0 Technologies. Communications Of The ACM, 53(12), 67-79. doi:10.1145/1859204.1859225 Graham, M. & Jones, N. (2011). IMPROVING BUSINESS PERFORMANCE WITH WEB 2.0 TECHNOLOGIES. Journal Of Business Excellence, 2(1), 12-17. 3. As we live our everyday lives, data is collected from us, sometimes without our consent and often without our knowledge. A personal profile could be compiled from disparate sources. What’s your opinion about the secondary use of personal data for data profiling? It is my opinion that while there are other, secondary uses of personal data for data profiling that may be beneficial, such as the use of data by local and national governments to increase transpar ency in the governmental process and democratize the exchange of

Support Assessment for Learning Coursework Example | Topics and Well Written Essays - 2500 words

Support Assessment for Learning - Coursework Example The assessment for learning should provide feedback to ensure the pupils identify personal improvement. The assessment must also encourage confidence for future improvement in comparison to the previous achievement1. Both the teacher and the student must be offered a platform for reflection on the pupil’s performance. Therefore, an assessment for learning must be a conclusive process with the ability to recognize, motivate and develop self-esteem of the pupil. The characters listed above are vital in the assessment of learning because they are the core values of the assessment for learning concept. Assessment must be employed by the staff to support the learning process. The staff must ensure that the assessment follow and fulfil the curriculum. The process ensures that learners experience is relevant, engaging and motivating with the assessment support learning. The teachers must ensure that the assessment has high-quality interactions and feedback encouraging transition on t o the next steps of learning. The pupils must understand clearly the kind ad quality work essential for success to be achieved together with the agreed outcomes2. Assessment for the young involves dialogue between the learners and the staff. The dialogue must be based on the thoughtful probing focusing on key points of learning. Assessment includes the use of dialogues, activities and tasks that encourage interaction with the learners. The interaction must challenge them and build on the learning achieved to date. In addition, the use of discussion will encourage the development of confidence in communicating and thinking about learning. Despite encouraging participation, the assessment for learning must support the individual learning process. Individual learners should seek and receive accurate and developmental feedback on what has been learnt and the extent of learning. Personal strengths and weakness must be discussed with the teachers in relation of the strengths of the work p resented. The evaluation of personal learning process will ensure the assessment or learning is comprehensive and effective. The learners should be engaged fully in their learning3. The learners must collaborate during planning, shaping and reviewing of the progress. The review of the process includes; shaping of their learning, agreeing, and establishing targets. The staff should provide regular oral and written feedback on the pupils work whilst discussing the strengths and areas of improvement in the process. They must work with their peers offering comments on the progress. The approach in assessment will promote learner engagement while encouraging learners to be independent in the learning process. The success of the assessment learning support depends on the ability to integrate, motivate, inspire and lead the learner to personal learning which ensures self-esteem and confidence. The development of effective learning support assessment depends on contributions from learners, teachers and the support staff4. In addressing the various issues, in assessment support learning, the paper will evaluate the participation and role of individuals in the process and establish effective approach strategy. Characteristics of assessment for learning Assessment for learning has several characteristics that are important for success. The assessment must reflect and share the learning goals with pupils. The sharing of the goals with the pupil ensures that the objective and outcomes

The Liberal International Economic Order Economics Essay

The Liberal International Economic Order Economics Essay The issues of the environment were not in the minds of the framers of the Liberal International Economic order (LIEO) when they met together at Bretton woods towards the end of World War II. LIEO was focused on promoting peace after the post war and destroy the economic competition that was destructive to the relationship between the countries of the world. LIEO is the key to future stability, peace and security globally. Right after the end of the Second World War, the World Bank creation, the General Agreement on Tariffs and Trade (GATT) and the International Monetary Fund established the foundations for the organization of a liberal trading order. These institutions promoted the state sponsored dedication to markets and ensured economic prosperities to the developing nations. Governments realized that liberal trading arrangements and efficiency of the market are essential prerequisites to realize the potential for the economic, political and social progress after Second World War. The expansion of the liberal trading order, the strength of the free market and the freeing of capital from domestic restrictions which was visualized by the framers of the Bretton Woods Institution took precedence over the provision of social development and on account of this people were left with the false promise that the efficiency in and of itself would produce political, social and environmental progress. Therefore even if the initial purpose was achieved, the numerous multilateral organizations created for the purpose of promoting a new LIEO has also created negative impacts. They have been instrumental in making the Governments exerting strong influence often with considerable but not with all the features of a centrally planned economy which is very much essential for the progress of a country. Therefore, the Governments must ensure that their actions do not affect the purpose of the Liberal International Economic order (LIEO). The United States of course played a vital role in the development of Liberal International Economic order (LIEO) the reason being as a dominant economy, it carried the primary burden of military defense for the entire free globe and it opened its huge market to foreign competition and free trade and it was able to and willing to carry on the burden of free trade as it was a powerful and rich country. At this point of time, the United States made the dollar a universally accepted parallel currency by fixing a relationship between the gold and the dollar and committed to exchanging at any point of time these two units. Therefore I believe that this regime could not have been developed without the influence of hegemony such as the United States. I do believe that the decline in United States influence signals a threat to the LIEOs continued existence because the United States was no longer considered the dominant economic power as before. This might prove a threat to the LIEOs existence as they mostly depend upon the United States as they do not have sufficient resources and most of the time the expertise they required and funded or supplied by the United States. There is a considerable loss of the dominance of dollar which signals a threat to the LIEOs existence because they were solely dependent on the currency of the United States for their functioning. The breakdown of hegemonic stability theory, collective goods, and free riders are as follows: Hegemonic stability theory: Identical to the materialization of hegemony, when a single nation rise to hold military and economical powers in a given situation along with the formation of international economic stability based on liberal principles which is a mixture of liberalism and mercantilism which paves the way for the elimination of fears is called as the theory of Hegemonic stability. Here, the mercantilists and realists hold common views that the key to global economic order is the balancing of power among competing state actors. Collective goods: Everyone has equal chances of deriving benefits in the case of collective goods. Irrespective of a persons contribution in the case of service or taxes in the military, national security is a collective good from which everyone within a country benefits. The majority of economists view an open international economy as a collective good. Free riders: Those who make the fullest use and exploit a common good are called as free riders. Imposition of trade restrictions by a nation and getting away from the negative impacts and thereafter deriving the maximum benefits from the free trade policies prevailing in other nations takes place with regard to free riders, But nevertheless, without rules and someone to enforce the rules, the cooperation required to maintain a common good is tedious to achieve. 7. International trade has contributed to the economic development throughout the industrialized world and blended the cultures and traditions of different countries together and contributed to the cooperation among different countries with regard to sharing of resources though exports and imports which helped to maintain a positive equilibrium. Even though the world trade is increasing at a faster pace and it is favorable according to the world trade economists, it still has its own negative sides after the global economic crisis that hit the world in 2008. The global economy suffered severe losses and it paved the way for unemployment which increased drastically throughout the world for the past two years. In spite of all these setbacks, the rules and principles of world trade organization have assisted governments in keeping the markets open is provided for the world trade as there is some considerable improvement in world trade. An economic policy which is meant to favor domestic producers of services and goods is called protectionism. I read an article the other day by David Leonhardt of the NYtimes which fundamentally proposed the idea that China has adopted the biggest policy of protectionism since the World War II by intervention and manipulation of the foreign exchange markets and by following strict measures of protectionism creating negative impact for itself and countries like the United States (David Leonhardt, 2010). When a nation is having protectionist policies, producers are protected against competition from the foreign firms with the help of import restrictions where as free trade is a policy where commodities are allowed to cross borders or boundaries without restrictions. The reason behind why some governments favor protectionism is, as soon as foreign commodities are made available in the domestic market, the domestic industries suffer heavy losses because the foreign goods are available at cheap prices or the producers who export commodities to other countries are able to keep costs low due to the subsidies of the foreign government. Therefore the governments hold the views that it can increase the demand and market for the domestic goods by closing the market to foreign producers and marketers and by imposing strict quotas and import tariffs so that the domestic economic situation doesnt get bad and derives maximum benefit. Even though protectionism is intended for protecting domestic companies, this is not always the case. There is also a darker side: companies will tend to use the old technologies and they will seldom take any initiatives to produce innovative products and there is no spirit of good competition. Countries that go by protectionism are often faced by export barriers or restrictions from other countries who give the same response to countries that go by protectionism. Inflation of prices for prices and commodities takes place and the domestic compani es may start fleecing the consumers by fixing their own prices when there are no foreign competitors. In order to maintain a balance of trade surplus, a country can make exports to the foreign sector which exceeds imports from there and a balance of trade surplus takes place for a country if its domestic economy produces commodities which are in high demand by other countries and purchased by foreign countries enabling the country to increase its exports, the value of which is greater than the value of imports produced by the foreign countries. Therefore a country must ensure that its makes maximum use of its own resources and after catering to its own need must ensure that there is no wastage and should find out the potential market abroad where there is high demand for its commodities which are lying in surplus. For example, Brazil is the colossal producer of coffee in the world and after catering to its own need in a substantial manner, it exports the rest to foreign countries thereby creating a favorable method to maintain balance of trade surplus. It has the capability of export ing huge quantity of coffee seeds which surpasses all other imports which will help it to maintain balance of trade surplus. The balance of payment imbalances needs to get cleared by the succeeding suitable methods for the purpose of maintaining a consistent balance of trade surplus. By making imports cheaper, the exports of a nation could be less competitive. This usually ends up in correcting the surplus of a current account which is also helped by the upward shift in the currency value of a nation. With the help of an agreement between the nations to fix their rates of exchange against each other, any disproportion that is taking place by rules based and changes in exchange rates which are negotiated could be sorted out. Fixed adjusting rates of exchange rates which is the systems of Bretton Woods is a crucial example of a rules based system. When a country adopts a regime of policy which centralizes currency decisions in the hands of a central government by controlling the movement of capital, discouraging imports and encouraging exports, such a policy is called as neomercantilism. Allowing more effective fiscal and monetary policy by increasing the level of foreign reserves is the goal of the policies of neomercantilsm. This is believed to provide greater control and autonomy to the government. Japan and Germany have been believed to have derived the maximum advantages of the neomercantilist trade policies. Most of the nations of the world always believe that the trade policies of neomercantalism always work for them and fail to notice its negative side. When every country starts following the neomercantilist trade policies, they discourage imports and start concentrating only on exporting. A nation definitely has the need to encourage imports when it is crucial for the welfare of the country and if majority of the nati ons follow this policy, the rest of the countries will follow the same and when they cut down imports, they are discouraging and preventing the other countries to export. The countries which follow this policy should observe the comparative advantages of both export and import. The way in which value can be created by trade for both parties even when one could produce all goods with fewer resources than the other is highlighted by comparative advantage. This encourages for the occurrence of gains of trade which can be beneficial to both the parties that is the country which exports its commodities to another country and the country which imports the commodities exported by the other country. Rationalization of neomercantilist trade policies is possible when there is cooperation among the countries involved in international trade. Developing countries need to participate more vigorously in trade negotiations during trade agreements with mutual trust and confidence with other nations.

college essay :: essays research papers

College will be a major change for me; in all likelihood, it will probably be the most significant transformation I will experience. It will be a time of growth and learning. In order to adapt to these many changes I hope to mature both emotionally and educationally. In doing so, I will influence those around me and the community as a whole. I anticipate that my life experiences will prove to be valuable to me and to those I come into contact with.   Ã‚  Ã‚  Ã‚  Ã‚   I have had many challenges to overcome thus far. I’ve had problems with my school work, but most significantly, problems with myself. I have made many wrong decisions and I have had trouble realizing what is important to me in the past. I now know what steps I need to take in order to become a better person and to stay on the right path that I have chosen. I hope to continue this pattern of maturation by accomplishing my goal of academic excellence while attending New Jersey City University. I have already promised myself that I will not participate in any activity that will lead me astray morally or academically. I am very good at meeting all of the challenges that I have to meet. I have already begun to take an initive on guiding myself in the right direction, by taking my school work seriously, looking for a job that would benefit my major, and working harder to make my self happy.   Ã‚  Ã‚  Ã‚  Ã‚  I am interested in majoring in Media Arts at New Jersey City University. I am taking a Media Arts curse in High School now and I am really interested in the aspects that go on in the field of Media. I like the wide verity of oppurtunities someone can get with an education in Media Arts. A major thing that attracted me to your university was your great school on Media. I also took a tour of your campus and feel in love at first site. I am currently participating in my high school peer ministry program. Which is a program in our school that gives specially selected seniors an opportunity to show their leadership skills to the incoming freshman by giving them an opportunity to be comfortable at St. Mary High School. I stay active by playing sports such as basketball, baseball, & bowling. I’m also interested in music.