You will need to use your assigned product or service and make a business out of it.  Below you will find the information I am requesting from you. 

Assigned Business: Bar/ Liquor Store (after market research determine the best choice for the assigned demographic area)

Location: Prince Georges County Maryland

• What are the required licenses/ permits needed to open your business? ( keep in mind the location)
• Cost/ fees associated and process for obtaining licensing.

1. Business Description
2. Mission Statement
3. Type of Business
4. Name
5. Location
6. Product Description
7. Position
8. Pricing Strategy
9. Market and Industry Analysis
10. Customer Profile
11. Market Segment
12. Target Market and Demographics
13. Competition
14. Sales and Marketing
15. Method of sales
16. Advertising and Promotion
17. Slogan
18. Character/Spokesman
19. Management
20. Ownership

 

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1. Explain how the puddle example support’s Singers thesis. (make sure to identify his thesis here

2. How does Timmerman use the puddle example against Singer’s thesis? 

 

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1. Explain the veil of ignorance using quotes from the reading.

2. Explain the second principle of justice using quotes from the reading.

 

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The following information pertains to Ramesh Company for the current year:

Book income before income taxes	$	106,000
Income tax expense		45,500
Income taxes due for this year		28,000
Statutory income tax rate		35	%

The company has one permanent difference and one temporary difference between book and taxable income.

Required:

1. Calculate the amount of temporary difference for the year and indicate whether it causes book income to be more or less than taxable income.
2. Calculate the amount of permanent difference for the year and indicate whether it causes book income to be more or less than taxable income.
3. Provide the journal entry to record income tax expense for the year.
4. Compute the effective tax rate (that is, income tax expense divided by book income before taxes).

1. Calculate the amount of temporary difference for the year and indicate whether it causes book income to be more or less than taxable income.

2. Calculate the amount of permanent difference for the year and indicate whether it causes book income to be more or less than taxable income.

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	1. Temporary difference arising during the year Is book income more or less than taxable income as a result? 2. Permanent difference arising during the year Is book income more or less than taxable income as a result?

• Prepare the entry to record income taxes for the year.

Note: Enter debits before credits.

3.

Provide the journal entry to record income tax expense for the year. (If no entry is required for a particular transaction, select “No journal entry required” in the first account field.)

	Transaction General Journal Debit Credit 1

4.

Compute the effective tax rate (that is, income tax expense divided by book income before taxes). (Round your answer to 1 decimal places.)

	Effective tax rate %

 

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1. Socrates is an upstanding citizen in Athens but in the Crito Socrates is wrongly arrested and jailed. He is about to be executed when his friend, Crito, comes in and wants to break him out. Do you think Socrates should escape punishment? or does he have an obligation to the state, as a citizen, to accept his punishment? What do you think Socrates should do?  

2. How does Socrates explain his decision to stay in jail?

 

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