The Japanese residential fuel cell scheme accounts for the majority of shipments in this application,
under the Ene-Farm brand. By 2010, it was clear that the scheme was well on its way to being
a success, delivering signiﬁ cant cost reductions and performance improvements and allowing
subsidies to come down, and by the end of the year fuel cell heating and power had been brought
to over 13,500 households in total.
Good growth in sales was expected in 2011, but what no one could have anticipated were the
events of March 2011, when the T¯ ohoku earthquake and tsunami struck...
After studying this chapter you will be able to understand: Determine a taxpayer’s regular tax liability and identify tax issues associated with the process; compute a taxpayer’s alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax; calculate a taxpayer’s employment and self-employment taxes payable and explain tax considerations relating to whether a taxpayer is considered to be an employee or a self-employed independent contractor;...
This report releases the findings of a project undertaken with Delegates of Working
Party No. 2 of the OECD Committee on Fiscal Affairs, investigating policy
considerations in the tax treatment of capital gains of individuals and alternative design
features of capital gains tax provisions, with a focus on the ‘pure domestic’ case (capital
gains/losses of resident taxpayers on domestic assets).
When I first started out in the record business, and was struggling to get
by, my Aunt Joyce was kind enough to give me a small loan.
In my case, as maybe in yours, my aunt had heard through the
family grapevine that I needed a loan, and when I came knocking on
her front door, she was prepared with her offer. I was incredibly grateful,
took it very seriously, and paid her back—with generous interest—as
soon as I was able.
That loan kept the Virgin Records recording studio afloat. It gave
me the time and resources I needed to make my business a success. And
many years and...
When I wrote Essentials of Payroll, I realized that the limitations of Wiley’s
shorter “Essentials” softcover series did not provide enough room for the
wide range of topics required to present a really thorough treatment of the payroll
topic. Even though the Essentials of Payroll manuscript became the longest Essentials
book ever issued, I still wanted to jam in more information. This book alleviates
my need to “go long” by adding to the original Essentials book an
additional eight chapters and two appendices....
Many people think of Social Security only as a
retirement program. But some of the Social Security
taxes you pay go toward providing survivors insurance
for workers and their families. In fact, the value of the
survivors insurance you have under Social Security is
probably more than the value of your individual life
When you die, certain members of your family may
be eligible for survivors benefits. These include widows,
widowers (and divorced widows and widowers), children
and dependent parents....
A genuine EMU needs a comprehensive approach to tackle the vicious circle of excessive
private sector indebtedness, unsustainable sovereign debt and banking sector weakness. The
EU lacks a global framework which fills in the gaps in a fully integrated financial services
policy, with a single supervisory mechanism for banks and a single rule book to govern all
financial institutions. It also needs to complete and implement the more effective mechanisms
put forward to prevent and correct unsustainable fiscal policies and economic imbalances.
Money market instruments are generally characterized by a high degree of safety of principal and are
most commonly issued in units of $1 million or more. Maturities range from one day to one year; the most
common are three months or less. Active secondary markets for most of the instruments allow them to be
sold prior to maturity. Unlike organized securities or commodities exchanges, the money market has no
specific location. It is centered in New York, but since it is primarily a telephone market it is easily accessible
from all parts of...
Banks and other depository institutions can also borrow on a short-term basis at the Federal Reserve
discount window and pay a rate of interest set by the Federal Reserve called the discount rate. A bank's
decision to borrow at the discount window depends on the relation of the discount rate to the federal funds
rate, as well as on the administrative arrangements surrounding the use of the window.
Banks also borrow funds in the money market for longer periods by issuing large negotiable certificates...
The high ownership concentration can also serve
as a credible commitment that the controlling owner is willing to build a reputation for
not expropriating minority shareholders (Gomes, 2000). The commitment is credible
because minority shareholders know that if the controlling owner unexpectedly extracts
high levels of private benefits when he/she still holds a substantial amount of shares, they
will discount the stock price accordingly, and the majority owner’s share value will be
Network connections should therefore be protected, at a level based on the
risk. The assumption must be that the connecting parties are to a certain degree
hostile and have to be strictly constrained to the access for which the connection
was agreed. The connecting parties will, after all, have their own security
policies and risk management philosophies, and these may vary considerably.
Each security management domain will need to apply stringent logical access
controls, and should strongly consider using firewalls and related technologies to
defend their 'perimeter'....
Britain has benefited from that global system over a long period of time. But we
cannot afford to rely on history or sentiment if we are to earn our living. We cannot
take it for granted that markets will remain open to our businesses, or that our
businesses will always be able to take full advantage of the opportunities that exist.
Government can help.
With the onset of technology and the demand for an educated workforce, more Canadians than ever
before are taking up reading. Sales of books in Canada increased by 28% from 1989 to 1995,
including an increase of 7% from 1994 to 1995. Mass market paperbacks are the primary driver of
the increase with a 40% increase in sales from 1989 to 1995.
Retail magazine sales have not increased at the same rate as book sales. Magazine sales actually
dropped by 4% between 1991 and 1993 with a 4% increase between 1995 and 1996.
When a corporation refunds a bond issue, choices have to be made between fixed-rate and floating-rate bonds
based on expectations of future interest rates. Whether it is financially viable to refund a bond issue depends
on many factors, including the magnitude of the decline in interest rates, the call premium, flotation costs,
overlapping interest and the corporate tax rate, and all of these factors should be considered in the decision
In this chapter students will be able to: Apply the supply and demand model and the concepts of consumer and producer surplus to the markets for tobacco, alcohol, and illegal goods and services, conclude that economists endorse interference in a market for reasons related to the information and costs to innocent third parties, utilize the concept of elasticity of demand to analyze who gets hurt by taxes on tobacco and alcohol, analyze the impact of drug legalization.
After studying this chapter you will be able to: Describe what Social Security is and its basic tax and benefit structure, detail the history of changes to the program since its inception, explain the economic rationale for having such a system, enumerate the effects of the program on work and savings,...
The main goals of this chapter are to: Determine whether a flow-through entity is taxed as a partnership or S corporation, and distinguish the entity approach from the aggregate approach for taxing partnerships; resolve tax issues applicable to partnership formations and other acquisitions of partnership interests, including gain recognition to partners and tax basis for partners and partnerships; determine the appropriate accounting periods and methods for partnerships;...
Chapter 3 Financial Statements, Cash Flow, and Taxes
a. The annual report is a report issued annually by a corporation to its stockholders. It contains basic financial statements, as well as management’s opinion of the past year’s operations and the firm’s future prospects.
Advances in Quantitative Analysis of Finance and Accounting is an annual
publication designed to disseminate developments in the quantitative analysis
of finance and accounting. The publication is a forum for statistical and
quantitative analyses of issues in finance and accounting as well as applications
of quantitative methods to problems in financial management, financial
accounting, and businessmanagement.The objective is to promote interaction
between academic research in finance and accounting and applied research in
the financial community and the accounting profession....
The current liabilities section of the balance sheet contains obligations that are due to be satisfied in
the near term, and includes amounts relating to accounts payable, salaries, utilities, taxes, short-term
loans, and so forth. This casual description is inadequate for all situations, so accountants have
developed a very specific definition to deal with more issues.