MLM Passive Income - Residual Income Opportunity Knowledge Base

Residual Income Opportunity Knowledge Base

What is a solid Residual Income Opportunity that will teach me to make extra income from home? Hi I am a strong believer in personal development and am looking for residual income business opportunity that will allow me to make extra income from home. Any ideas along that line? I hate lotion/potion companies (as do my friends and family) so, any ideas/suggestions along the lines of internet marketing?

Residual Income earning opportunity with zero investment? I need your expert guidance! ? Having explored some residual income earning opportunities such online publishing and blogging, I am feeling that I lack that so much needed guidance on how to actually get started (with preferred step by step instructions) and then how to make sure that I really earn some decent money, too. For example, I have come across the people who say that they are making money by writing the blogs on their favourite topics. Also, there are people who say they are making money by simply writing articles online. Anyway, I have realized that I need a thorough instructions on how to actually pick up the right keywords, how to find out on the popularity of certain topics, the basic necessary knowledge on SEO (making sure that my articles are highly ranked and seen on top of the major search engines like Google, Yahoo, etc), how to set up the links on my other personalized web pages, how to set up the AdSense ads in order for me to make the real money, etc. Should you know any other residual income earning opportunity on top of the above mentioned (writing articles and blogging), I would greatly appreciate it if you could recommend me the ones that you certainly know are reliable sources for making some decent cash. In advance Many Thanks and I look forward to learning from you and your successful experience.

Network Marketing: Residual Income Opportunity or Pyramid Scheme? I have been introduced to three systems that operate in the Multi-level Marketing so far, and all have sounded too good to be true. I must admit that I am looking for another opportunity just in case my job goes under (i.e. I'm working for the government), but I'm not the one to get caught up in la-la land from one-sided opinions. Is this whole multilevel marketing (also known as network marketing) thing as prosperous as their claims or is it as scam ridden as they sound? If this also helps: The companies I was informed about that operates in this fashion was Tahiti Noni International (which consist of two of the three) and this company that sells this book called The Bold Approach.

Does anyone know a legit home based business? Direct mail or anything that offers the opportunity of residual? Direct mail or anything that offers the opportunity of residual income? I have been looking for over a year now,spent a lot of money on different companies that didn't work. Please be really honest because I am really tired of scammers out there? Thanks

How to find new residual income? The Wade Division of Geisler Corporation has a current ROI of 20 percent. The company target ROI is 15 percent. The Wade Division has an opportunity to invest $4,100,000 at 16 percent but is reluctant to do so because its ROI will fall to 18.70 percent. The present investment base for the division is $8,500,000. Required: a. Calculate the current residual income and residual income, if new Investment opportunity is adopted. (Omit the "$" sign in your response.) New residual income $ No ignorant remarks please.

Earning a Handsome Genuine Residual Income? My dream is to become a Residual Income Earner too.? Hi there, Being aware that through a genuine residual income I could be earning a lazy money for the rest of my life, I would really appreciate any advices, instructions, directions and/or recommendations of the expert, knowledgeable and experienced residual income earners. By the way, one of my acquaitances has been involved in a telecom company's residual income scheme and has also invited me to join. As I am still not 100% sure being sceptical on whether it all really works or it's just a children's fairytale for the naive, once again I would warmly welcome your honesty and openness when briefly explaining to me the beauty of being involved in such residual income opportunity of a life time. Many Thanks

If you could make unlimited residual income, why would you turn your nose up to the opportunity? Why does everyone make fun of, or bad mouth, an online company that is #2 behind Amazon.com.....a business that not only makes life easier for those who use the products, but can make anyone an unlimited income with a small amount of time invested simply by talking to people? A small start up fee, under $200 and talking to people about changing where they shop for everything they need.... saving time, money and gas.......yet, people laugh, make fun of and turn away from it.......I don’t understand! THIS IS NOT A SCAM...THIS IS REAL, WITH REAL PEOPLE DOING IT.....THIS IS EXACTLY WHAT I AM TALKING ABOUT....

How to exactly make money online in the form of the Residual Income? Having been referred to some residual income online business opportunities before, I still need your expert guidance on how to actually get started and most importantly how to make sure I really make money out of it. In advance many thanks for all your unselfish input and advices. I look forward to learning from you.

What are the best online business opportunities to generate passive/residual income?

What FREE business opportunities are vehicles to build residual income best? Please include links to TRUE FREE opportunities only. Nothing required to puchase or sell ever.! I am not looking for a single horse. I am looking for the components to create a financially viable solution.

Are you looking for a new career with RESIDUAL income? ARE YOU LOOKING FOR A NEW CAREER - EITHER FULL-TIME OR PART-TIME? Try AFLAC ABOUT AFLAC Aflac is the number one provider of guaranteed-renewable insurance in the United States. Aflac's insurance products provide protection to more than 40 million people worldwide. In January 2006, Aflac was included in Fortune magazine's list of the 100 Best Companies to Work For in America for the eighth consecutive year. THE OPPORTUNITY We are looking for enthusiastic, career minded, self-motivated individuals for the Insurance Sales Associate position to work in a professional business-to-business sales environment. Extensive management opportunities are available. Prior sales experience is welcome, but not necessary. If you are looking for a career with a top company, that still lets you be your own boss, email your resume to KEVSAM2005@yahoo.com. AFLAC INSURANCE SALES ASSOCIATES ENJOY THESE BENEFITS: • First-year commissions are paid in advance during the first policy year or as you earn them. • Renewal commissions are paid beginning the second policy year in accordance with the terms of your agreement. • Aflac's stock bonus program allows career associates to participate in the company's growth, profitability and success as a stockholder. • All-expense paid trips

Selling Insurance with Farmers or State Farm? I used to sell insurance for a big company. It was an inbound call center so the sales were fairly easy. We got a base plus bonus. We did not get any residual income on the clients we had signed up. The opportunity of working with State Farm or Farmers seems like a much better opportunity. The income potential far surpasses what I could have ever made at my last job( after a few years). The big question. The opportunity to get a job with these companies seems fairly easy. What would be some reasons people don't or do decide to work for them.

Does this sentence make sense? The residual income opportunities are what make this company stand out.

How to make money online? Having been referred to some residual income online business opportunities before, I still need your expert guidance on how to actually get started and most importantly how to make sure I really make money out of it. In advance many thanks for all your unselfish input and advices. I look forward to learning from you.

Are you looking for a way to make extra income - PT or FT? Do you leave your options open for an opportunity to make extra income? Question Details:What if you could make $ every time someone: *Phones a friend *Watches TV *Surfs the Internet *Or, calls a loved one across country! Imagine being in business for yourself but never by yourself; building your own company with an industry leader backing you up all the way. Learn more on how to become an Independent Representative in the fastest industry, worldwide - telecommunications! Have the opportunity to earn an unlimited residual based income and visit: http://myacnshan3139.acnrep.com

Why are people too chicken to own there own business? Opportunity can be staring them dead in the face, but they will not take that step because people chicken out. Network marketing is an excellent way to get rich because there is RESIDUAL INCOME. (money that you make whether you work or not!!!)

How do Mortgage Brokers make money? I am looking into a career opportunity working with a mortgage broker. I am information gathering. How do mortgage brokers make money?I understand there is a commission, and set up fee income. Is there a money stream, residual income, on the life of the loan (orginated, refinance, loan modification) Thank you

How strong is the customer acquisition and retention of ITV Ventures Customers? Customer acquisition and customer retention. Most (if not all) network marketing opportunities are 99.9% distributor-based and less than 1% real customers. Out business is the opposite with over 99% real customers buying product without a business attached to it, and 1% or less of business affiliates. But it gets better... With us, we actually go into business with the company and buy customers they acquire for us, then the company does the rest: acquisition, retention, marketing, collection, inventory, shipping, etc... even selling our customers additional products, different products & new products. How would it feel to grow your business 25 X faster than any MLM, and without having to sell products to people or be required to recruit your family and friends? This company does a phenomenal job backend marketing your customers with catalogs, medical articles and email at NO COST TO YOU. Your Partner In Residual Income, http://www.myempoweringteam.ws

What types of online business opportunities are scams? I have heard so much about different types of online business "schemes", such as MLM, pyramid schemes, etc. that my head is spinning. I would like to work from home, at least part time, and want one that would generate passive/residual income. What should I avoid?

Do anyone want to work with a global company and work from home? Imagine waking up without the sound of an alarm clock. You thought about going to work but suddenly realized you had quit. You turn on your computer, stepped away for a minute or two to refreshen, then came back to see how much you made. Hmm . . . another $300 (US dollars) while sleeping . . . just another typical day . . . you say. This could be you and you certainly can do it! Introducing Juvio and the Mach90 system. You have a golden opportunity to work with a global corporation to make SUPER income. Get your own turn-key Home Based Internet Marketing Business. Get your own websites to sell health products and services worldwide. Learn from industry leaders and make high residual income from an innovative global income generating system. Are you willing to learn a proven, successful and easy system? Are you serious enough to invest $56.95 per month and make $100s . . . $1000s . . . up to $10000+? Sign up for our free amazing tour. http://www.mach90.com?byron1955

business opportunity online for free? FREE Internet Business Course—$295 Value! Free Internet business, training, and support. Multiple income streams. Residual and leveraged income; 95% of the work is automated. Visit http://www.ezinfocenter.com/9704707/FREE for complete details today.

I am a stay-at-home Mom who was in search of healthy, natural products for my family.? Not only did I find products that I already buy but I found safer, less expensive products AND I am also making money at the same time. I'm curious to know if any other Moms out there are searching for opportunities where they can stay home with their kids and make residual income at the same time?

What is Market America? I was recently contacted by someone regarding Market America. I already own a sole proprietorship business but am interested checking it out further. -Anyone who is involved in business: Are these good people to work with? -They mention "residual income", but say it is NOT multi-level marketing. What exactly is it, then? -The person I talked to seemed very arrogant. They also said they are "interviewing 10 people" and will only "bring on 2". However, they didn't seem to care any bit about my current business background. Any info? Please, no stupid .org sites, or comments from people who didn't try therefore didn't make money in the business. I am involved with multi level marketing business and know SOME of them are very, very , legitimate with a great opportunity. I just don't want to waste my time if this isn't that type of opportunity. I'm looking for more concrete examples. How exactly is money made? How well is the company doing?

Do you need a side job?? "Join the fastest growing global work at home program." Top 37th fastest growing company in USA! Earn secure residual income from just one simple referral! Very exciting opportunity! Please visit : http://gdibest.ws Thank you :-)

Do You need a side job?? "Join the fastest growing global work at home program." Top 37th fastest growing company in USA! Earn secure residual income from just one simple referral! Very exciting opportunity! Please visit : http://gdibest.ws Thank you :-)

Economic Value Added? Which one is false? a) EVA is a relatively new measure that is based on a traditional measure of residual income. b) EVA is an after-tax measure of value added by the organization to its owners. c) EVA requires a careful measure of the invested capital assets in order to determine the opportunity costs of those assets for those who provided the assets to the organization. d) EVA is a measure very similar to net income and is essentially based on measuring the economic revenues of the organization.

Do anyone want to work with a global company and work from home? www.mach90.com?byron1955? Imagine waking up without the sound of an alarm clock. You thought about going to work but suddenly realized you had quit. You turn on your computer, stepped away for a minute or two to refreshen, then came back to see how much you made. Hmm . . . another $300 (US dollars) while sleeping . . . just another typical day . . . you say. This could be you and you certainly can do it! Introducing Juvio and the Mach90 system. You have a golden opportunity to work with a global corporation to make SUPER income. Get your own turn-key Home Based Internet Marketing Business. Get your own websites to sell health products and services worldwide. Learn from industry leaders and make high residual income from an innovative global income generating system. Are you willing to learn a proven, successful and easy system? Are you serious enough to invest $56.95 per month and make $100s . . . $1000s . . . up to $10000+? Sign up for our free amazing tour. http://www.mach90.com?byron1955

How much can the owner of a commercial Insurance Agency expect to make? (in Year 1, Year 5, Year 10?)? Hi all, I live in Florida and am currently in my second year of law school. I am looking to get into the insurance business after I graduate to build some form of residual income. My prospective business partner and I plan on working with his father's already established agency in order to gain a better understanding of the business before branching out on our own. The established agency focuses primarily on personal lines (auto, home, life), but does write business for a few commercial businesses. They will also provide us with the necessary software, leads, and training. Our plan is to obtain the state 20-44 license so we can begin selling personal lines and also the 4-40 license which allows us to bypass the course and obtain our 2-20 license in 1 year (Which then allows us to sell general and commercial lines). I figure this can be a low-risk high-reward opportunity to begin during my last year of school but would like get get a little more insight into the opportunities and growth potential of the insurance agency business. Specifically, what type of income we can expect moving forward, which commercial areas are most lucrative, and any reservations, warnings, or advice one may have. Also, I understand this is a commission driven industry and my ability to sell will ultimately determine how much I make. I am just looking for ballpark figures or past experiences that may give me an idea of whether or not the venture can be profitable. I also have 5 years of sales experience.

What do you think about Keven Trudeau's new venture? If you are lucky, maybe once in your lifetime a day will come where you will have the opportunity to get in on the ground floor of a money making opportunity that can almost GUARANTEE your success! Today is that day! In 1996 a very successful wealthy friend of mine launched a multi-level marketing program. This man is a TV celebrity, and a number 1 New York Times bestselling author. His books have sold an estimated 50 million copies. When he launched this new MLM program in 1996, the company was publically traded on NASDAQ with a stock price of just .50 cents. In less than 18 months over 200,000 joined this company. Sales exceeded $250,000,000! And the stock went to $35!!! Many people that got in at the beginning made millions. Don’t you wish YOU had gotten in back then at the very beginning? Well my friend sold his equity in 1999 and made yet another fortune. Now, my friend is doing it AGAIN! This time with over 30 other wealthy people from around the world! Together they have launched a BRAND NEW program……the Global Information Network. For the first time in history, a money making program is being launched WORLDWIDE SIMULTANEOUSLY! This is totally ground floor. This is totally new. You are among the VERY FIRST people to be hearing about this. Those who get in on the ground floor of these types of opportunities have the chance to make the most money. 90 days from today you could be making more money than you ever imagined. It is the most revolutionary money making program I have ever seen. Nothing like this has been done before. It has a MLM twist that could make this the fastest growing MLM type program of all time. It has JUST STARTED. You can get in at the beginning of the beginning. This is a total ground floor once in a lifetime opportunity. I am a member, and I believe millionaires will be made faster than with any other program…. Ever! In the just the last 2 months people are already making huge money. One member made $148,200 his first month and his second month made over $288,600!! This is real and happening now. I am personally inviting you to join and become a member as well. Membership is by invitation only. Don’t miss this once in a lifetime chance to get in on the ground floor launch of a major global money making opportunity that could make you more money than you ever imagined. You could be making more money in a lifetime - permanent monthly residual income - than most people make in a whole year! Imagine making $5,000, $10,000, $20,000, even $50,000 PER MONTH!! Without ever leaving your home! Wealth can be yours. Simply go to http://www.globalinformationnetwork.com/ Read all the information on the website and listen to the audios. It explains it all. You will understand what I am talking about and why I am so excited. It will only take a few minutes and you will thank me a thousand times. If you have questions please call me ASAP at……………. This program is simple, powerful, and WORKS! Sign up as a MEMBER and use my affiliate code…………… Once you sign up as a MEMBER, I will show you exactly how one member made over $400,000 in 60 days! What he did was SIMPLE! I will show you how he did it! Join now and start making all of your dreams comes true. Talk to you very soon……And I will see YOU on the beaches of the world! Mention this code 1509029

Return on Investment experts? (ROI help please)? Hey all! I got a test tomorrow, and I just cant figure out how to solve this problem... The manager of a division that produces add-on products for the automobile industry has just been presented the opportunity to invest in two independent projects. The first is an air conditioner for the back seats of vans and minivans. The second is a turbocharger. Without the investments, the division will have average assets for the coming year of $28.9 million and expected operating income of $4.335 million. The outlay required for each investment and the expected operating incomes are as follows: Air conditioner= Operating income; 90000. Outlay;750000 Turbo Charger= Operating income;82080. Outlay;540000 Compute the ROI for each investment project. Round to two decimal places. I GOT these 2 correct, but the rest just make no sense! I tried looking at the book but our book sucks! Air conditioner, ROI 12 % Turbocharger, ROI15.2% These are what I dont get: Compute the budgeted divisional ROI for each of the following four alternatives. Round to two decimal places. a. The air conditioner investment is made. % b. The turbocharger investment is made. % c. Both investments are made. % d. Neither additional investment is made. % Conceptual Connection: Suppose that the company sets a minimum required rate of return equal to 14 percent. Calculate the residual income for each of the following four alternatives: a. The air conditioner investment is made.$ b. The turbocharger investment is made.$ c. Both investments are made.$ d. Neither additional investment is made.$ I really want to solve this question cuz I have a feeling a similar question will come on the test! Please help me!

Selected sales and operating data for three divisions of three different companies are given below:? Selected sales and operating data for three divisions of three different companies are given below: Division X Division Y Division Z Sales $900,000 $750,000 $600,000 Average operation assets $600,000 $150,000 $200,000 Net operating income $ 54,000 $ 30,000 $ 10,000 Minimum required rate 10% 16% 8% of return a.Compute the return on investment (ROI) for each division using the formula stated in terms of margin and turnover. Show computations. b.Compute the residual income for each division. Show computations. c.Under which of these methods would they accept an opportunity with a 15 percent return. Show computations and details.

ACCOUNTING PRACTICE QUIZ HELP!!!!? 1. Standard costs serve as a device for measuring efficiency. 2. Normally standard costs should be revised when labor rates change to incorporate new union contracts. 3. It is correct to rely exclusively on past cost data when establishing standards. 4. Standards are set for only direct labor and direct materials. 5. A budget performance report compares actual results with the budgeted amounts and reports differences for possible investigation. 6. An unfavorable cost variance occurs when budgeted cost at actual volumes exceeds actual cost. 7. The variance from standard for factory overhead cost resulting from operating at a level above or below 100% of normal capacity is termed volume variance. 8. An example of a nonfinancial measure is the number of customer complaints. 9. The three common types of responsibility centers are referred to as cost centers, profit centers, and investment centers. 10. The plant managers in a cost center can be held responsible for major differences between budgeted and actual costs in their plants. 11. Operating expenses directly traceable to or incurred for the sole benefit of a specific department and usually subject to the control of the department manager are termed direct expenses. 12. Sales commissions expense for a department store is an example of a direct expense. 13. Office salaries expense for a department store is an indirect expense. 14. The profit center income statement should include only revenues and expenses that are controlled by the manager. 15. The rates at which services are charged to each division are called service department charge rates. 16. The profit center income statement should include only controllable revenues and expenses. 17. In rate of return on investment analysis, the investment turnover component focuses on efficiency in the use of assets and indicates the rate at which sales are being generated for each dollar of invested assets. 18. A disadvantage to using the residual income performance measure is that it encourages managers to spend only the minimum acceptable rate of return on assets set by upper management. 19. The negotiated price approach allows the managers of decentralized units to agree among themselves as to the transfer price. 20. It is beneficial for divisions in a company to negotiate a transfer price when the supplying division has unused capacity in its plant. 21. Opportunity cost is the amount of increase or decrease in cost that would result from the best available alternative to the proposed use of cash or its equivalent. 22. In using the variable cost concept of applying the cost-plus approach to product pricing, fixed manufacturing costs and both fixed and variable selling and administrative expenses must be covered by the markup. 23. A bottleneck happens when a key piece of manufacturing machinery can produce 1000 units per hour and demand for the product supports a production rate of 1200 units per hour. 24. Cost plus methods determine the normal selling price by estimating a cost amount per unit and adding a markup. 25. Under the total cost concept, manufacturing cost plus desired profit is included in the total cost per unit.

I'm considering letting my 13 year old quit school so she can travel with me and my husband. Pros? Cons? I had my daughter when I was 25. I was young and not ready to be a mom. I wanted to do something to myself to make me lose the baby, but my family knew that and threatened to report me if I did. So I had my daughter. When she was a baby, all I wanted to do was for me and my husband to give her to our parents so that we could travel the world and experience life. My husband is very stubborn though. Fast forward 13 years and my daughter and I are best friends, and my husband is the only thing stopping us from traveling. My idea is to let her stop going to school, she doesn't even want to start high school, so why force her? Money is not a problem. I work for my husband business and we make enough residual income to where we can travel for 7 years and when our daughter is 20 she can get a GED if she chooses and then go to community college or work for our business. My husband is on the fence about the idea, but he's leaning towards a no. This is a once in a lifetime opportunity for our daughter. How many kids get to travel the world at age 13? How do I make him see my point of view?

Is there an accurate Review of ITV Ventures and its Costs? A new wealth-generating movement is emerging and this is your opportunity to be a part of it. The recent formation of ITV Ventures™ signals the next era in home business ownership, a wave of self-made financial success stories, and for many, the possibility of substantial wealth. The concept is simple. You get paid to connect purchase-ready customers with the products they want. ITV Ventures™ will help make it happen by delivering a new and exciting approach to operating an internet-based business from your home and providing the support and resources it takes to succeed. The only real and upfront ITV Review and its cost to rely on.... Your Partner In Residual Income, French Montreville 617-487-4340 http://www.myempoweringteam.ws

Anyone know of or experience any pyramid schemes lately? I was attempting to find a list online of the most current pyramid schemes or network marketing schemes. One in particular has gone out of their way to prevent their name from being associated with a scam. The first 30 pages of Google are nothing more than advertisements for their business with the word 'scam' embedded in the context so you will find it. To me, any company that goes out of their way not to associate themselves with a scam- is a scam. Further, any company that would purposely use the word 'scam' in order to get hits is suspect all the way around. Has anyone had any bad experiences lately with "opportunities" that were supposed to earn them a residual income? I'm really just trying to get a current list. Thanks!

Is this email adress legit? Please help!? worldlynk@proactrecruitment.com Hello Kamrun, I am sending you this email to inform you WorldLynk Financial Services is looking to expand our sales division. I read over your work history and was wondering if this career may be of interest to you. If you are interested in a sales position with WorldLynk and you are motivated, connected, and trusted I would like to have a brief conversation with you as a preliminary interview. I have listed some information below so that you may first read about our company and the services that we offer. WorldLynk Business Services Offered: Credit/Debit Card Processing Fleet Cards EBT Check Authorization ATM Placement Gift and Loyalty Cards Services Cash Advances Mortgage Services Check Cashing Tax Services Bill Pay Pre-Paid Debit Cards WorldLynk provides a multitude of monies solutions for businesses and people alike. WorldLynk is at the forefront of its industry and separates itself by providing impeccable customer service, top notch sales support, and the most aggressive pricing for its clients. Industry leading compensation and benefits package, including: Uncapped Income Potential Residual Income Health Benefits Exceptional Sales Training Company Trips Bonuses and Unlimited Incentives If you feel that you are both qualified and interested in looking into this position please either call me at my number listed below or send me an updated copy of your resume so that I may contact you to discuss the position with you further. I look forward to hearing from you. My Thanks, Patrick Keane Sales Manager/Recruiter Worldlynk Cell: (402)321-8539 If you do not wish to receive future e-mails from this company announcing job opportunities, click here to be added to the do not send list. ---- I'm just asking because I got two spams earlier. Thanks!

Are there better work-at-home opportunities out there? ...other than Prepaid Legal, Melaleuca, and Ameriplan? I'm interested in signing up with a second company that I can work-at-home with and want to know what makes them better than these 3. It has to be a real service/product that there's actually a need for. For instance, I love PartyLite, but I would never want to sell it. It's frivolous and expensive. Also, I would like to join a company that offers residual income and doesn't expect me to do cold calling telemarketing type stuff, because the company I am with now doesn't require that.

Am I an insensititve Jerk? In November, my wife asked me for a divorce. I told her we could not afford it, and that we needed to wait until January when my income was going to increase. January comes and we started to work out the numbers together and it was going smoothly. I took a second job at night to make sure we could afford it. All of a sudden, she decided to take a pregnancy test, and she was 4 months pregnant. Along with that, my boss began charging us $600 more for the health insurance along with some other adjustments he made that will cause a huge rolling, continuous deficit that was going to grow by thousands of dollars every month. I found an investor who will buy me out of my contact with my current employer. This will solve the financial issues, allow me to get the divorce, and will allow me to just take the residual increase in income and live off that. In other words, she will do much better off with my offer that she ever would in court. However, the investor is very nervous about a pending divorce and wants this to go through in July. The baby is due in july. Do I proceed with the amicable separation and stick around to help with the baby for a few months, or do I forgoe the opportunity and risk bankruptcy for the both of us? I am providing 100% of what I make now and will live off of the additional... Am I insensitive for thinking this way? My plan is to be here everyday when the kids come home from school, and to have the baby on my own at least a few nights a week to give her a break

"(Indian National) Congress prejudices hit economic federalism"? The fifth Vibrant Gujarat summit this January saw 7,936 memoranda of understanding (MoUs) announced, committing to invest $462 billion. The cream of Indian business was in Gandhinagar for the summit, as were business delegations from as far apart as Japan, the United States and Brazil. Forty-five countries and 19 other (non-Gujarat) Indian states made presentations and solicited business opportunities at an event that has established itself as India’s premier investor conference. Missing at Vibrant Gujarat was the Indian public sector, those companies owned by the Union government. ICICI Bank signed a deal with Gujarat promising credit to developers and users of infrastructure projects. At least six Indian public sector banks had negotiated similar arrangements but were prevented from finalising these following instructions from the finance ministry in New Delhi. Last week, the income-tax (I-T) department, acting on a vague complaint by Congress politicians in Gujarat, asked the Narendra Modi government to furnish details of all investors and companies that had agreed to put in at least Rs1,000 crore. These would be investigated for possible tax evasion. It was clear the UPA government was out to sabotage Vibrant Gujarat and send a menacing signal to business groups that had flocked there. There are three issues worth noting here. First, the I-T department’s notice to Gujarat is not just blatantly political but also illogical. If X buys a house from Y and pays Y with money that has been earned illegally, the tax authorities need to serve a notice on X, not on Y. That apart, investment coming into Gujarat, whether from Mauritius or Mumbai or Manhattan, is being routed through banking channels and not arriving in suitcases. If the finance ministry and its agencies want to scrutinise these channels, they can do so even without telling the Gujarat administration. So what explains this sledgehammer message to the Modi government? Second, it is possible — though of course improbable — that the Congress-led government in New Delhi has decided upon a crusade against black money, and that it believes corporate India (as well as foreign entities investing in Gujarat/India) are awash in ill-gotten wealth, in profits from the narcotics trade and organised crime and so on. It may even believe Vibrant Gujarat has become a rendezvous of such evil money. If so, why did Congress-run states such as Andhra Pradesh participate in Vibrant Gujarat, and attempt to persuade the same companies that were investing in Modi territory to pour funds in their direction as well? Should the I-T department send a notice to the Andhra Pradesh government as well, asking it why it is soliciting investment from suspected tax evaders and sources of criminal capital? Alternatively, does the colour of money change (from black to white or maybe ‘communal’ to ‘secular’) when it leaves Gujarat and enters, for example, Maharashtra? Third, the Gujarat episode only affirms the need to redefine the contours of economic federalism. In Gujarat, the Congress tells public sector companies to stay away and blackmails the private sector. In Orissa, the BJD government’s efforts to revolutionise the economy, by getting Posco to set up a giant steel facility and Vedanta to build an aluminium plant, are tripped by a prejudiced environment ministry and its handpicked committees. In Uttar Pradesh, the BSP government’s proposal to host a new airport in the western part of the state - bordering the national capital, in the region between Greater Noida and Aligarh - is cussedly denied the green signal. The Congress wants to wait till the 2012 state election so that Rahul Gandhi can make the new airport a poll promise and deprive Mayawati of credit. India has moved enormously since 1991 and states have far greater economic and financial autonomy today. Even so, the residual powers that remain with the Union government can be leveraged to lethal effect by a bloody-minded ruling party. This is exactly what is happening in state after state ruled by non-UPA parties, particularly those showing business potential. In the 1980s, an underlying principle of non-Congress unity was political federalism and the need to guard against misuse of Article 356, which allowed the Union government to dismiss state governments at whim. Today, economic federalism is under siege. The NDA needs to make greater freedom for the states in economic policy, decision-making and regulation one of its core goals. After the UPA experience, New Delhi can’t be trusted. Ask Gandhinagar, Bhubaneswar, Lucknow http://www.dnaindia.com/india/analysis_cong-prejudices-hit-economic-federalism_1522711 Any more evidence needed that we need to chuck the INC out?!?!

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Please solve assignment of Financial Accounting, help me!!!? 1. Which of the following account balance is shown on debit side of Trial Balance? (It is assumed that all account balances are shown on normal balance). a. Capital account b. Sundry creditors account c. Accounts payable account d. Sundry debtors account 2. If cost of sales is Rs. 95,000, income from sales Rs. 200,000 and operating expenses Rs. 300,000. What will be net result? a. Rs.195,000 Losses b. Rs.195,000 Profits c. Rs.105,000 Profits d. Rs.105,000 Losses 3. In which of the following statement opening stock is shown? a. Profit and loss account b. Balance sheet c. Cash flow statement d. Owner’s equity 4. Working capital Rs. 20,000, Current liabilities Rs. 30,000 and fixed assets Rs. 100,000; calculate current assets? a. Rs. 10,000 b. Rs. 50,000 c. Rs. 110,000 d. Rs. 120,000 5. Which of the following content(s) is (are) included in the Cost of goods sold? a. Opening stock b. Purchases c. Freight in d. All of the given options 6. Which of the following Organization converts raw material into finished goods? a. Trading concern b. Manufacturing concern c. Merchandising concern d. Service concern 7. Which of the following is an example of direct materials cost? a. Production worker’s wages b. Depreciation expenses c. A piece of wood for the production of chair d. Polish and finishing material for chair 8. In cost of goods sold statement, the ‘cost of material consumed’ is equal to: a. Opening raw material inventory + Purchases – Ending raw material inventory b. Opening raw material inventory - Purchases + Ending raw material inventory c. Ending raw material inventory - Opening raw material inventory – Purchases d. Ending raw material inventory + Opening raw material inventory + Purchases 9. What would be the value of Total Factory Cost, if cost of raw materials, direct labor costs, and manufacturing overhead costs are Rs.80,000, Rs.50,000, and Rs.60,000 respectively? a. Rs.130, 000 b. Rs.110, 000 c. Rs.140, 000 d. Rs.190, 000 10. Which of the following assets are shown at written down value in Balance Sheet? a. Current assets b. Liquid assets c. Floating assets d. Fixed assets 11. An asset cost Rs. 50,000, has an estimated residual value of Rs.1, 500, and an estimated useful life of 5 years. What is the depreciation rate? a. 20.0% b. 25.0% c. 35.5% d. 50.4 % 12. Calculate depreciation of machine after first year by using diminishing balance method with the help of given data? If, Cost of machine = Rs.400, 000 Useful life = 5 years Residual value = Rs.25, 000 Sale price = Rs.40, 000 Rate of depreciation = 40% a. Rs. 160,000 b. Rs. 11,840 c. Rs. 34,560 d. Rs. 34,860 13. Which one of the following is INCORRECT about closing Stock? a. It is added into current assets b. It is deducted from material available for use c. It becomes opening stock of next year d. It increases the owner’s equity of business 14. In the cost of goods sold statement, Cost of direct material consumed + Direct labor= ___________ a. Conversion cost b. Prime cost c. Total factory cost d. Cost of goods manufactured 15. The total of all costs incurred to convert raw material into finished goods is known as: a. Prime cost b. Conversion cost c. Sunk cost d. Opportunity cost 16. In cost of goods sold statement the ‘total factory cost’ is equal to: a. Cost of material consumed + Labor cost b. Cost of material consumed + Conversion cost c. Cost of material consumed + Total factory cost d. Cost of material consumed + Factory overhead 17. Which of the following is (are) inventory valuation method(s)? a. FIFO b. LIFO c. Weighted average d. All of the given options 18. The cost of an incomplete fixed asset is transferred to _________ as on Balance Sheet date. a. Capital account b. Capital work in progress account c. Relevant asset account d. Owner's equity account 19. Under the straight line method of depreciation: a. Amount of depreciation increases every year b. Amount of depreciation remains constant for every year c. Amount of depreciation decreases every year d. None of the given options 20. Which of the following asset is NOT depreciated? a. Factory Buildings b. Office Equipment c. Land d. Plant & Machinery

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