Quantitative Reasoning Discussion Mathematics Assignment Help

Below is the information needed to complete the tax form computations. The need to be using the 2019 tax forms and I will provide attachments of both types of forms. I believe I need both type of forms filled out for George and John so I have included two copies of each form.

John Parsons (123-45-6871) and George Smith (123-45-6782) are 70% and 30% owners, respectively, of Premium, Inc. (11-1111111), a candy company located at 1005 16th Street, Cut and Shoot, TX 77303. Premium’s S election was made on January 15, 2011, its date of incorporation. The following information was taken from the company’s 2018 income statement. Premium’s book income for the year was $704,574

Interest Income		$100,000
Gross Sales Receipts		2,410,000
Beginning Inventory		9,607
Direct Labor		(203,102)
Direct Materials purchased		(278,143)
Direct other costs		(249,356)
Ending Inventory		3,467
Salaries and wages		(442,103)
Officers salaries		(150,000)
Repairs		(206,106)
Depreciation expenses		(15,254)
Interest expenses		(35,222)
Rent expenses (operating)		(40,000)
Taxes		(65,101)
Charitable contribution (Cash)		(20,000)
Advertising expenses		(20,000)
Payroll penalties		(15,000)
Other deductions		(59,899)
Book income		$704,574

A 2018 comparative balance sheet appears below.

	1-Jan	31-Dec
Cash	$47,840	$ ?
Accounts Receivable	93,100	123,104
Inventories	9,607	3,467
Prepaid expenses	8,333	17,582
Building and equipment	138,203	185,348
Accumulated depreciation	-84,235	(?)
Land	2,000	2,000
Total liabilities and capita	214,848	$844,422
Accounts payable	42,500	72,300
Notes Payable (Less than 1 year)	4,500	2,100
Notes payable (more than 1 year)	26,700	24,300
Capital stock	30,000	30,000
Retained earnings	111,148	?
Total liabilities and capital	214,848	$844,422

Premium’s accounting firm provides the following additional information.

Cash distributions to shareholders $100,000

Beginning balance, accumulated adjusted account $111,148

Using the preceding information, prepare a complete Form 1120s (Links to an external site.) and Schedule K-1s for John Parsons and George Smith, both of whom live at 5607 20th Street, Cut and Shoot, TX 77303. Do not complete the Forms 1125-A (Links to an external site.), 1125-E (Links to an external site.), and 4562 (Links to an external site.). If any information is missing, make realistic assumptions.

In need of a 125 response/discussion to EACH of the following forum posts. There are (2) different Forum posts. Agreement/disagreement/and/or continuing the discussion. The two interactive posts should each be substantial, relevant, and engaging. Replies to classmates should include direct questions. In-text citations and references may be in APA format. Original forums discussion/topic post is as follows: (Use/Cite references to support your ideas)

Internal Controls

Chapter 7 of the attached textbook have been used this week.

FORUM POST 1:Discuss the impact of Sarbanes-Oxley on a company’s internal controls. Be sure to define internal controls and discuss the basic principles for assessing internal controls. 

Hello everyone,

According to Sarbanes-Oxley subsection 302, internal controls refer to “disclosure controls and procedures”. Internal controls re defined as “controls and procedures of a company that are designed to ensure that information required to be disclosed by the company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms” (Complete Guide to Sarbanes-Oxley: Understanding How Sarbanes-Oxley Affects Your Business. Chapter 7 pg 200). Broken down, internal controls are set by a company, specifically a CEO/CFO that make sure information is made available for certain time periods designated.

There are two basic principles for assessing internal controls. Management must have a plan to evaluate any possible material misstatement. Secondly, management must evaluate potential risks in financial reporting. 

Enron was an energy company based out of Houston, Texas that was considered a “new breed” of American energy. Before filing for bankruptcy in 2001, Enron dealt in gas and oil, paper and electric and was one of the biggest such companies of the time. Prior to the Sarbanes-Oxley Act, the oil and gas industries were deregulated by the government. This allowed for fair competition in the field, but without a proper control system it also allowed companies to misrepresent earnings reports, act fraudulently and embezzle funds. Though the SOX Act wasn’t set into play until after 2002, the lack of the act lead to Enron and other companies to easily manipulate financial reports and corporate fraud.

FORUM POST 2:The Sarbanes-Oxley Act of 2002 (SOX) was enacted in response to a number of accounting scandals in major corporations that resulted in the loss of billions of investor dollars. Choose one accounting scandal that precipitated this legislation and discuss whether or not internal controls (or lack thereof) contributed to the scandal..

Good Evening 

There have been lots of scandals surrounding the Sarbanes-Oxley Act (SOX) since it was enacted in July 2002. One of the more well-known scandals is Enron. Enron bought and sold gas and oil futures, built oil refineries and power plants, and became one of the world’s largest pulp and paper, gas, electricity, and communications companies.  

Of the many issues Enron had, the biggest, in my opinion, was the lack of internal controls. Basically, they were a company investing and trading in the world of energy. Enron’s accounting firm, Arthur Anderson, created false financial reports – which resulted in bankruptcy. The firm’s asset reports were inflated, fraudulent, even nonexistent. Because of this, tons of employees and investors lots a lot of money – millions of dollars. If Enron’s higher-ups were watching their employees as closely as they should have, they would have noticed that money was missing, and fraud was happening right under their noses. 

Resources: 

https://www.thebalancesmb.com/sarbanes-oxley-act-and-the-enron-scandal-393497 

Assignment: Advocating for the Nursing Role in Program Design and Implementation

As their names imply, the honeyguide bird and the honey badger both share an affinity for honey. Honeyguide birds specialize in finding beehives but struggle to access the honey within. Honey badgers are well-equipped to raid beehives but cannot always find them. However, these two honey-loving species have learned to collaborate on an effective means to meet their objectives. The honeyguide bird guides honey badgers to newly discovered hives. Once the honey badger has ransacked the hive, the honey guide bird safely enters to enjoy the leftover honey.

Much like honeyguide birds and honey badgers, nurses and health professionals from other specialty areas can—and should—collaborate to design effective programs. Nurses bring specialties to the table that make them natural partners to professionals with different specialties. When nurses take the requisite leadership in becoming involved throughout the healthcare system, these partnerships can better design and deliver highly effective programs that meet objectives.

In this Assignment, you will practice this type of leadership by advocating for a healthcare program. Equally as important, you will advocate for a collaborative role of the nurse in the design and implementation of this program. To do this, assume you are preparing to be interviewed by a professional organization/publication regarding your thoughts on the role of the nurse in the design and implementation of new healthcare programs.

To Prepare:

• Review the Resources and reflect on your thinking regarding the role of the nurse in the design and implementation of new healthcare programs.
• Select a healthcare program within your practice and consider the design and implementation of this program.
• Reflect on advocacy efforts and the role of the nurse in relation to healthcare program design and implementation.

The Assignment: (2–4 pages)

In a 2- to 4-page paper, create an interview transcript of your responses to the following interview questions:

• Tell us about a healthcare program, within your practice. What are the costs and projected outcomes of this program?
• Who is your target population?
• What is the role of the nurse in providing input for the design of this healthcare program? Can you provide examples?
• What is your role as an advocate for your target population for this healthcare program? Do you have input into design decisions? How else do you impact design?
• What is the role of the nurse in healthcare program implementation? How does this role vary between design and implementation of healthcare programs? Can you provide examples?
• Who are the members of a healthcare team that you believe are most needed to implement a program? Can you explain why?

There is a Part A, B, and C to this:

Part A

Please read the below post. Is it supported by solid rationale? Would you make a different decision?

The reply should be one paragraph in length (or about 75 words) and must be substantive in nature. Do not simply say “I agree” or “That is great.” Specify why and be detailed in your explanation. You may use research in your responses. I’ve included two preferred resources below

Preferred Resources:

-Core Concepts of Marketing- Chapter 9 Pricing the Product (PDF is attached)

-“5 Marketing KPIs You Cannot Measure but Should Care About” – Nicole Rodrigues; https://bit.ly/2OpMup9

Hi,

Snacks can be an important part of a diet. Depending in the snack, it can provide energy and nutritious vitamins and minerals. Glen/Sugar free snack bar, is one of a kind. This organic on the go snack back is designed to provide energy and healthy nutrients in between meals. This bar has the recommended vitamin and minerals recommended by health professionals. According to National Institute of aging minerals help the body’s’ functions, while vitamins helps the body resist infections and keep our nerves healthy (NIH.gov). Gluten/Sugar free snack bar’s objective is to provide a high quality nutritious snack at a reasonable price. We want to portrait a trustful image in order to attract loyal customers and stay in the market as a relevant product for many years to come. As described by Nicole Rodrigues from the Forbes Agency Council states that loyalty is perhaps the most reliable indicator of customer behavior. Moreover, Marn and Rosiello have suggested that pricing is the only element of the marketing mix that produces revenues. We will have our initial price meet the competition’s prices, allowing flexibility and allow discounts for repeat buyers. We want to make this product as accessible as possible for everyone. Out product will be reliable, in order to increase sales Final price will be decided considering a break-even, Contribution analysis and marginal pricing. Oxenfeldt (1983) defines the mentioned pricing methods as follows: break-even is the price determined at the point where total revenues are equal to total cost: contribution analysis is a deviation from break-even analysis where direct cost of a product is considered and margin price is the price it cost to product the product. As price is a loud communicator of our product, we are going to make sure an unambiguous analysis is done before a price is set for this new product.

Resources cited:

–https://bit.ly/2CDitQ5

-Core Concepts of Marketing- Chapter 9 Pricing the Product (PDF is attached)

Part B)

Please read the below post. Is it supported by solid rationale? Would you make a different decision?

The reply should be one paragraph in length (or about 75 words) and must be substantive in nature. Do not simply say “I agree” or “That is great.” Specify why and be detailed in your explanation. You may use research in your responses. I’ve included two preferred resources below

Preferred Resources:

-Core Concepts of Marketing- Chapter 9 Pricing the Product (PDF is attached)

-“5 Marketing KPIs You Cannot Measure but Should Care About” – Nicole Rodrigues; https://bit.ly/2OpMup9

Hello,

Seoul Food is an elegant yet relaxed restaurant where Southern-style home cooking meets traditional Korean food. The restaurant is split into two sections the left having a traditional theme with private seating while the right has an open floor plan with a more family-friendly feel and a bar in the back.

Businesses rely on their prices to cover the expenses it takes to continue to operate; this is called pricing objectives (Burnett, n.d). There are five different types of business objectives: survival, profit, sales, market share, and image. At first glance and without context, I would choose to use profit as the business objective of choice for my restaurant. Nobody wants to run a business that is not successful, and just covering the operation expense is not going to ensure that I will be able to generate a hefty retirement from the business either. While staying in the black is excellent, making money on an investment, in this case, a restaurant is even better.

Referring back to the theme and the ethics that Seoul Food was built on, it is easy to choose that the pricing strategy we would use would be the image objective. This objective focuses on pricing around the image that the business would like to create with the local community (Burnett, n.d). Seoul Food’s primary goal is to be a relaxed restaurant that is here for the people; this cannot be accomplished if the prices do not allow for the majority of the local community to afford to dine at our establishment. By setting prices too high, you take away from the family-friendly environment that we have worked so hard to create and turn it into a fancy date night or special occasion restaurant, taking away from the exact premise in which it was built.

Thanks

Resources cited:

-Core Concepts of Marketing- Chapter 9 Pricing the Product (PDF is attached)

Part C)

Please read my original post, and the response to my post. For this part I’m asking you to reply to the response.

The reply should be one paragraph in length (or about 75 words) and must be substantive in nature. Do not simply say “I agree” or “That is great.” Specify why and be detailed in your explanation. You may use research in your responses. I’ve included two preferred resources below

-Core Concepts of Marketing- Chapter 9 Pricing the Product (PDF is attached)

-“5 Marketing KPIs You Cannot Measure but Should Care About” – Nicole Rodrigues; https://bit.ly/2OpMup9

Original post:

Perfect Foods Restaurant is a local restaurant that will be established within the local community organized around a common love of traditional American cuisine. Perfect Foods transcends a typical American traditional restaurant that puts real heart into customer service. It also evokes the real memories of perfect love for American cuisine through unique presentations. The restaurant will operate within local communities serving the inherent needs of the community members particularly the older population. The restaurant also seeks to create a comfortable and fun environment that aims at evoking the real memories of the older population and letting them share the real traditional food memories with their grandchildren and their children at large.

Pricing objectives are the goals that guide the business in setting the cost or pricing of the product or service to the company’s current and potential customers. In other words, the pricing objectives underpin the product pricing process and should reflect the company’s financial, marketing, product, and strategic goals (McCormick, 2017). It should also integrate the aspect of consumer price expectations. Perfect Food Restaurant pricing objective includes maximizing profits, increasing its sales volume, deterring market competition, and most importantly matching the level of market competition. Each of these pricing objectives requires different pricing strategies that must be aligned with the goals and objectives of the restaurant. Moreover, there must also be a firm understanding of the restaurant’s product and service attributes as well as the overall market (McCormick, 2017).

Based on the goals of the restaurant, the current pricing objectives are to increase its market share by fostering market penetration to help attract the maximum number of customers. To achieve these pricing objectives, the company will adopt a low product pricing strategy that is slightly below the current market price. This will help the company win price-sensitive buyers. Because the restaurant will operate in a roughly saturated market, it is critical to adopt a strategy that can help the company to rapidly gain the highest market share. By bringing down the product unit cost, the restaurant will be able to penetrate the current market and even create barriers to entry by other restaurants (Smith, 2011). However, the company must be ready to absorb the risks becausethe penetration strategy is highly risky from a profitability standpoint. Once the company has established a sustainable market share, then it will be easier to increase prices in the future.

References cited:

McCormick, M. (2017). Why pricing objectives are fundamental to business success. Blackcurve. Retrieved from https://blog.blackcurve.com/why-pricing-objectives-are-fundamental.

Smith, T. (2011). Pricing strategy: setting price levels, managing price discounts and establishing price structures. Journal of Revenue and Pricing Management, 12(5), 470-471. See attached PDF “pricing strategy”

Reponse to my post:

Hi,

I like your approach and explanation of your restaurant, however I think I have mentioned this before. Why are you more focus in the elderly community? Don’t you think that is limiting you potential growth in the food market?

Anyhow you mentioned that your objective is to stay within the same price range as your competitors, how are you going to determine that price? Will you be using the break-approach at the beginning of your business in order to make sure you stay afloat and service the market at the beginning? I strolgy suggest you use this approach.

Are you going to offer citizens discount since they are your targeted audience.

Resources cited:

–https://bit.ly/2CDitQ5

My reply to this response:

(This is Part C)