Nature of Partnerships free essay sample

Nature of Partnerships When starting a business, it can be with a sole proprietorship, a partnership, or as a company. A partnership is the most popular and the easiest to form. Partnerships combine individual talents and skills together for a hopefully successful business enterprise venture. Man has realized that it is easier to do something with the help of others than singly. Partners, also, provide a greater chance of obtaining equity capital for their business venture, while sharing the risks that go along with a rapidly growing business. There are basically three types of partnerships: the general artnership, the limited partnership, and the limited liability partnership. This paper discusses the general partnership. The definition of a partnership is the association of two or more persons to carry on as co-owners of a business for profit . Partnerships may be formed as a formal agreement or informally with a handshake. Either way, a partnership agreement should be written up with all the aspects of the partnership covered. We will write a custom essay sample on Nature of Partnerships or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Once the partnership agreement is filled out and agreed on by all partners, each partner will need to sign stating they are in agreement. A artnership agreement helps to alleviate any conflicts that may arise at any future date. When accounting for a partnership, it will depend on the accounting method stated in the partnership agreement. If any noncash assets were contributed, these will need to be assigned a fair value. Any noncash assets brought to the partnership are the property of the partnership . Each partner investing capital will have to be agreed upon by all partners. This investment will determine the ratio or percentage of net profit or loss to be divided between each partner. If there is no ratio or ercentage stated in the partnership agreement, then everything is divided equally. When setting up the accounting for the business, most accounting methods have multiple accounts for each partner. These accounts are the capital account, which shows the initial investment of each partner, the drawing account, showing any withdrawals taken over a years time, and the loan account, where partners can take a loan from the business. The capital account can be maintained in two different ways: the fluctuating capital method or the fixed capital method . The division of net profit equally. To account for this division, say S, T, and U decided to set up a partnership. S contributes $40,000, T contributes $30,000, and U contributes $30,000. This would be a ratio of 4:3:3. The total contributed to the partnership is $100,000. Profit for the first year is $300,000. Because the ratio is 4:3:3, Ss net capital would be $120,000. T and Us net capital would be $90,000 each, for a total of $300,000. If the partnership decides to add a partner, whatever was determined in the partnership agreement will determine what steps to take for adding this new partner. Adding a new partner normally adds profitability. If the partners decide to cease operations, there are two alternatives to help them decide which approach is better for the business: liquidation or dissolution. Liquidation refers to the complete sale of the business assets and dissolution refers to the closure of a business, often on voluntary terms of the business owner. Liquidation means that the business is closing its doors and liquidating all noncash assets and liabilities. Dissolution may mean that the partnership is dissolving and a new partnership, another partnership or business is buying out the business, or the business is dissolving. When considering dissolution, there are two types, a technical dissolution and a general dissolution . A technical dissolution is when there is a change in the composition of the bus iness. A general dissolution is a complete dissolution or winding up of the partnership and the business. The dissolution may result with a mutual agreement of all partners, a partner being served notice, a court order, fraud, misrepresentation, or illegal activity, or where the business is not making a profit. Whether liquidating or winding up a business, transactions to process are the collection of receivables, conversion of oncash assets to cash, payments to creditors, liabilities closed out, and the remaining distribution of net balance to the partners, in cash . When starting a business with a partnership, it is with the intent purpose of longevity.

Rip Van Winkle Essay Essays

Rip Van Winkle Essay Essays Rip Van Winkle Essay Paper Rip Van Winkle Essay Paper Essay Topic: Rip Van Winkle Freedom brings felicity. This is a major message shown in the narrative Rip Van Winkle. Rip Van Winkle is about a adult male who slept through the American Revolution for twenty old ages. During those 20 old ages he slept. his small town and the whole state underwent a major alteration that affected the hereafter of America. Written during the early 1800s when American literature was to a great extent influenced by the Europeans. Washington Irving portrays America’s hunt for an individuality through one of the first true American literature. Rip Van Winkle. utilizing elements and features of the literary epoch of American Romanticism. Washington Irving was born on April 3. 1783 to wealthy parents as the youngest of 11. His older brothers influenced Irving’s gustatory sensation in literature. One brother that indirectly led Washington Irving to success was named Peter. In 1815. Peter sent Irving to Liverpool to seek to salvage their household concern at that place which was on the brink of bankruptcy. He failed to salvage it. and the concern became bankrupt in 1818. Irving chose to stay in Europe after this incident and decided to do a life as an writer. As he traveled Irving recorded his ideas. observations. and ideas in a bantam diary. He subsequently turned these entries into short narratives and compiled them into a aggregation in which he called The Sketchbook of Geoffrey Crayon. This aggregation contained short narratives based off of European common people narratives but in American scenes. every bit good as essays. Included in the aggregation is Rip Van Winkle. which was based off of the German folk tale. Peter Klaus. The Sketchbook of Geoffrey Crayon became a success and was well-received by Europe. in which during the collection’s publication. 1819. did non respect American literature and even thought there was no such thing. The Sketchbook of Geoffrey Crayon became an of import milepost in American literature history. and proved that American literature could be independent of European literature. Rip Van Winkle is considered one of the theoretical accounts of American Romanticism and it demonstrates many features of this literary epoch. Normally. the chief character or hero of some literatures are already well-known and are of high position. One of the features of American Romanticism is the common adult male as the chief character or hero. The common adult male is an mundane individual ; he’s non particular or person well-known. This characteristic is demonstrated in Rip Van Winkle. â€Å"I have observed that he was a simple good-natured ; he was. furthermore. a sort neighbour. and an obedient henpecked hubby. † Rip Van Winkle is merely a common small town adult male. He does non come from a reputable household. nor does he hold a high place such as governed. He is merely a sort adult male who obeys his married woman and enjoys assisting his neighbours. Another prevailing feature of American Romanticism is the chief character’s inclination to seek safety in nature. They turn to nature when they are confronting jobs or experiencing inferior. â€Å"Poor Rip was at last decreased about to desperation ; and his lone option. to get away from the labour of the farm and blare of his married woman. was to take gun in manus and saunter off into the forests. † Here hapless Rip Van Winkle is in hurt from being invariably nagged by his married woman. Dame Van Winkle. The lone topographic point he can acquire off from her and hold peace is in the forests of the Kaatskill mountains. Nonconformity is another trait that American Romantic plants tend to possess. â€Å"Rip. in fact. was no politician ; the alterations of provinces and imperiums made but small feeling on him ; but there was one species of absolutism under which he had long groaned. and that was- petticoat authorities. † In twenty old ages. Rip Van Winkle’s small town and the whole went through a drastic alteration. Before the American Revolution. the the villagers. normally the work forces. would sit in an hostel dish the dirting about small town events. After the American Revolution. alternatively of dish the dirting about small town events. they gossip about political relations and politicians. America’s swayer changed from a male monarch to a president. These critical alterations did non involvement him. Although he did accept the fact that the people he was familiar with are gone. he chose to non conform to this â€Å"new† state. Washington Irving uses symbolism in Rip Van Winkle to showcase how the the American Revolution impacted the American society and their hereafter. Rip Van Winkle represented America. and his married woman represented England. Rip Van Winkle was controlled by his married woman. much like how America was controlled by England. When America eventually broke off from England’s control. Americans found happiness in their freedom which led them to bit by bit happen their ain individuality. including their literature individuality. When Rip Van Winkle gained freedom from the decease of his married woman. he was eventually able to be happy. to be at peace. and to be able to make as he wishes. Overall. Rip Van Winkle symbolizes how Americans are what they are today. because they eventually gained the freedom to make their ain individuality.

Impact of Bankers Bonuses on the Economy Research Paper

Impact of Bankers Bonuses on the Economy - Research Paper Example A qualitative analysis would be conducted in order to accomplish the objectives of this research study, for which both primary as well as secondary data would be collected. The secondary data would be collected through authentic print as well as online sources, while for collecting primary data; a focus group interview would be conducted among 10 respondents.The spectacular collapse of financial institutions and banks has raised questions that link the bank executives and the payments that they received for their performance. Thomas Philippon and Ariell Reshef in their research report had mentioned that in the year 2000, the salary that the executives received in the banking sector were augmented by about 40 percent, in spite of having the same qualification (Fox, 2009). They were also offered stocks and other equity options in order to avoid their practice of short-termism. It was found that the level of pay of the executives increased dramatically in comparison to the non-executive s (The Independent, 2009). Standard & Poor 500 stated that the average total pay of the CEOs has increased to 10.5 million during the year 2008 from $850,000 in the 1970s. 1.2 Research Problem The research problem revolves around bankers’ bonus and its effect on the economy. This is because it was found that even during the economic crisis when the banks were collapsing, their bankers were receiving the hefty bonus for their performance, which is an underlying cause of financial crisis. 1.3 Research Aim and Objective The aim of this research paper is to identify the relationship between bankers’ bonus and the global economy. In order to fulfill this aim, the objective of the researcher would be to analyze the payment structure in the banking sector, which also includes the bonus. Secondly, the cause and effect of bonus payment on the financial status of the banks during the financial crisis would be also examined. Thirdly, the issues would be identified in order to pre sent the wrong practices if any in this regard. 1.4 Research Questions The research questions have been formulated in line with the aims and objectives of this research study; they are stated below: Q1: Did the bankers receive a bonus during the financial downturn? If yes, then how much? Q2: What was the financial status of the banks which distributed bonus to its executives? Q3: What payment of bonus to bankers an underlying reason which added to the financial crisis?   Bankers’ bonuses are awarded to the workers in the banking and finance industry, which was traditionally paid at the end of the year with the intention of rewarding employees. This was a way to appreciate their contribution to the growth and development of the organization. However, the present scenario of bankers’ bonus can be better explained through Peter Ducker’s words. He stated that when the bosses themselves get over indulged in the corporate trough, they tend to lose respect in the org anization.  Ã‚  

Psychological support for breast cancer women and mastectomy Essay

Psychological support for breast cancer women and mastectomy - Essay Example Addie Gilbert, 51, saw the final straw while trying on her favorite red dress whose front was adorned with stylish criss-cross straps, thinking she might never have to wear it again. Following her mastectomy, the heavy prosthesis underneath was clearly visible. She said, â€Å"I was so depressed that I sat on the floor of my bedroom and cut the dress up into little pieces with scissors† (Boughton, 2000). After her mastectomy, she was not only worried about her inability to wear her favorite clothes in the future, but was also troubled by the trauma brought about by the diagnosis of breast cancer every time she saw her reflection and the scar over her chest in the mirror. Gilbert thus decided to have her breast reconstructed. Her breast was molded by taking skin and tissue from her abdomen. Addition of an areola and nipple three months later with an office procedure made her whole again. Different women respond to the surgery of breast cancer in different ways depending upon th eir psychology, self-perception, age, and whether or not the surgery is accompanied by such adjuvant therapeutic procedures as chemotherapy and radiation. Mastectomy can be hard to come to terms with for women like Gilbert, though it is an acceptable alternative for many other patient of breast cancer. Women undergoing surgery for breast cancer commonly experience major regrets because of severe emotional trauma, complications of surgery, lack of postoperative psychological support, complications of reconstruction, phantom pain, and dissatisfaction with the procedure’s cosmetic outcome. Frost et al. (2000) performed a detailed research to investigate the overall social and psychological well-being and long-term satisfaction in women that have undergone prophylactic mastectomy. The researchers found a 74 per cent reduction in the emotional concern regarding the

The Journey by Anne Cameron Essay Example for Free

The Journey by Anne Cameron Essay Canadian writer Anne Cameron (1938- ) was born in Nanaimo, British Columbia, and raised in Vancouver. She started writing television and theatre scripts and then started publishing novels, including numerous childrens books, stories and poetry. She has published more than thirty books. Among the first novels which she published is â€Å"The Journey† (1982). The main story of this book is the life of two women in the 1800s, under a â€Å"western feminist† standpoint, crossing the Canadian frontier looking for their home. The central characters are Anne, a fourteen year old girl, and Sarah who is a prostitute. Both of them have had hard moments before their runaway; Anne was abused by her drunkard uncle and Sarah was humiliated by a killer sheriff and his group. After Anne escapes she teams up with Sarah and their trip together starts. The novel pictures their journey through the Canadian west, giving detailed information about the landscapes or characters feelings, with particular situations and contrasts like Chinese railroad workers cottages with amazing corridors of Belle’s brothel. They end in the Pacific Coast where they have to finally face with their own past, under optimistic view. The dissimilarity between the two characters is an interesting contrast; Anne was a pure innocent girl and Sarah a prostitute, a rather unusual duo. Cameron approaches the characters’ sexuality in a very particular way. Sarah has a gratifying relationship with a man and then she feels the same with a woman, introducing some doubt about whether she prefers women in general or Anne in particular. The author has said that she thinks of â€Å"pan-sexuality†, preferring not to wonder about a particular person sexual interest. Long before of â€Å"Thelma and Louise† or â€Å"Brokeback Mountain† films, this novel, in a different way, mix up these films topic; in a story about humanity and women in particular, who overcome life’s intricacy, giving significance for their special role in society.

I have read five short stories from the anthology Out of the Darkness :: English Literature

I have read five short stories from the anthology 'Out of the Darkness' - From the five stories I will be discussing the treatment of the women in three of the stories. For my prose coursework, I have read five short stories from the anthology 'Out of the Darkness'. From the five stories I will be discussing the treatment of the women in three of the stories. The three stories I have chosen are 'Invisible Boy', 'More Than Just A Disease' and 'The Darkness Out There'. In the story 'The Darkness Out There', the old lady, whose name is 'Mrs Rutter', is portrayed by the writer as a woman with a 'wonky leg' and a 'bad back' and also a woman that is getting 'home help'; this shows that she is a woman that is unable to do much practical work. This is a stereotype of an old person as most old people have some sort of problem with their body and a bad back is typical problem. Mrs Rutter getting home help is another stereotype because this also shows that she is unable to cope on her own and needs assistance with doing household chores. Mrs Rutter is shown as a lonely person because in the story the girl who is going to help her with the chores says to herself ' Mrs Rutter will be ever so pleased to meet me'. This is a stereotype in the form that the girl is assuming that most old people are lonely and live by themselves. Mrs Rutter is described as being a sweet woman and having chin upon chin also she is shown to like flowers, dresses and talking to other females; this is the most obvious stereotype in the story against women and also old people who like to talk. When we first meet Mrs Rutter she greets the two children 'Kerry' and 'Sandra' and offers them tea, but she seems to like Sandra more because she talks to Sandra a lot more about dresses, boyfriends and flowers, but when she speaks Kerry she ask's him if he is still at school and he says he will be leaving soon to join a garage and she replies, 'that's good steady money if you'd haven't got anything got any thing special in mind'. This is not a great welcoming message to say to a person that has come to help you with chores. 'Pat' the woman who runs the good neighbours club call's Mrs Rutter an 'old dear' and a 'poppet', it is unlike an old dear to greet someone in that fashion. When Mrs Rutter told her dark story of her past about leaving a young

Informative Speech Outline- Sleep Apnea

Mikala Stevens Professor Tracie Kriska Public Speaking 6th March 2013 Working Outline Topic: Sleep Apnea General Purpose: to inform Specific Purpose: to inform the audience on Sleep Apnea Thesis: Sleep Apnea is becoming more of a dangerous disease that more people are starting to be diagnosed with. It is extremely important that Sleep Apnea is emphasized so that more people are aware of it. Introduction: â€Å"The National Sleep Foundation† says that a lot of people don’t know what sleep apnea is. Sleep Apnea is a dangerous disease that can lead to death while you’re sleeping. Body: I. There are two types of Sleep Apnea A. Central Sleep Apnea . Unlike OSA, the airway is not blocked, but the brain fails to signal the muscles to breathe due to instability in the respiratory control center. B. Obstructive Sleep Apnea (OSA) 2. The more common of the two forms of apnea, it is caused by a blockage of the airway, usually when the soft tissue in the back of the throat co llapses during sleep. Transition: Sleep Apnea can affect anyone, even children. II. â€Å"The National Sleep Foundation† says that anybody can be affected by this disease. A. Being male B. Being overweight C. Being over 40 D. Having a large neck size (17 inches in men or 16 inches or greater in women) E.Having large tonsils, a large tongue, or a small jaw bone F. Having a family history of sleep apnea G. GERD (Gastroesophageal reflux) H. Nasal obstruction due to a deviated septum, allergies, or sinus problems Transition: Wonder what causes Sleep Apnea? III. In â€Å"The National Institutes of Health† they say, Sleep Apnea is caused when you sleep because your muscles relax which narrows your throat. Normally, this narrowing doesn’t prevent air flowing into and out of your lungs. If you have sleep apnea, your airway can become partially or fully blocked because: A. Your throat muscles and tongue relax more than normal. B.Your tongue and tonsils (tissue masses in the back of your mouth) are large compared with the opening into you windpipe. C. The shape of your head and neck (bony structure) may cause a smaller airway size in the mouth and throat area. D. You’re overweight. The extra soft fat tissue can thicken the wall of the windpipe. This narrows the inside of the windpipe, which makes it harder to keep open. E. The aging process limits your brain signals’ ability to keep your throat muscles stiff during sleep. Thus, airway is more likely to narrow or collapse. Transition: â€Å"National Institute of Health† has Steps on how to treat Sleep Apnea.IV. â€Å"The National Institute of Health† suggests that Sleep Apnea should be treated with lifestyle changes, mouthpieces, breathing devices, and surgery. Goals of treating sleep apnea are to restore regular breathing during sleep and relieve symptoms such as loud snoring and daytime sleepiness. A. Lifestyle Changes 1. Avoid Alcohol and medicines that make you sleepy. 2. Losing weight if you’re overweight or obese. 3. Sleeping on your side instead of your back to help keep your throat open. 4. Keeping your nasal passages open at night with nasal sprays or allergy medicines, if needed. 5. If you smoke, quit.B. Mouthpieces 1. Oral Appliance C. Breathing Devices 1. Cpap Machine D. Surgery Conclusion: Learning that Sleep Apnea is a dangerous disease and more people are being diagnosed with it. I hope that learning more about this disease more people will be more aware of it. Works Cited National Institute of Health http://www. nhlbi. nih. gov/health/health-topics/topics/sleepapnea/ The National Sleep Foundation. National Institutes of Health. Reviewed by Louis R. Chanin, MD on July 30, 2012  © 2012 WebMD, LLC. All rights reserved. http://www. webmd. com/sleep-disorders/sleep-apnea/sleep-apnea