MLM Passive Income

Create Residual Income Knowledge Base

How to create residual income? Home based business, residual income. Finding a company that will pay you for years to come
I do videography, any ideas on how i can create a residual income from my video services? i do videography part time, i would like to keep the flow of income coming in so i can do this full time. Most jobs are one time payment jobs that are not to much. i'm buying more equipment or software which uses up the money that i make, with my full time job, my time is limited, trying to come up with some creative packages that will not be exspensive but will be a residual flow of income.any ideas?
In Delhi, which MLM Company should I choose to create residual income? Also answer why? I strongly feel that MLM is a great way to create wealth. Personally I have spent alot of time with amway (2 years) but I was not able to built it to the level of security. Now am looking for various other options. Looking for your guidance. Jaspreet 9999051027
What do you do to earn residual income? Most search engine results try to convince you that creating a blog is the best way to create a residual income. But what if you are no good with computers? What can I do here in my own community that would earn money by itself after I put in the initial investment of time and money?
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.
What would be the best way to set up a real estate company? I am a first time home buyer, but want to accumulate residential properties to rent out and create a residual income. Should I start a REIT, a LLC, or what?
what is the fastest way to build your downline in a mlm company? I understand that this is not easy however I still have the passion and desire to create passive residual income.
What are some free, good, website building tools available for download? I'm interested in building a hobbyist website (not a blog though) and hoping to create some residual income from affiliate advertising. I know some HTML.
what is the real deal with MLM'S? I want to know what is the gimmick behind multi level marketing and if there are any that really create residual income...
Is Memberspring.com by Gary Ambrose a scam? I'm interested in creating a blog and making money online. Gary claims to have a system that can create residual income. I'm a bit skeptic and would like to know if anyone has bought and tried his system. Is it worth the $295 or is it a scam.
Has anyone used Site Build It? I'm looking at maybe purchasing a package to create a residual income on the internet called Site Build It. I was wondering if anyone has used it and how successful they were. Thanks!
I can help people get finacially free, so why would people not want to get the INFO?? I work with an organization that is set up great to help people get finacially free by creating passive residual income(income that comes monthly for the rest of there lives). In 2-5 yrs producing 2-3k a month. All it takes is a commitment of 5-10hrs a week. I know people work alot already, but this business can take 20-40 years off retirement . Why wouldn't people want to do it or at least get the Info?
Mary Kay question? I guess you could call me one of those people looking for a way out of the 9-5. I have children and I need to free up more time for them so I was thinking about getting involved with Mary Kay. I know with any company it takes awhile to get started and make a profit. Is it really possible to be as successful as they say? And is it the same concept as other MLM businesses where you sign up people and you eventually create a residual income? I like the Mary Kay products thats why I considered it. I just dont want to get into something that I cant finish. Any words of advice and knowledge would be greatly appreciated! I am a driven person and I get the concept of "pounding the pavement" But I did have questions. HELP :)
Depreciation method effect on net income in income statement? Companies often are under pressure to meet or beat Wall Street earnings projections in order to increase stock prices and also to increase the value of stock options. Some resort to earnings management practices to artificially create desired results. Required: 1. How can a company increase earnings by changing its depreciation method? 2. How can a company increase earnings by changing the estimated service lives of depreciable assets? 3. How can a company increase earnings by changing the estimated residual value of depreciable assets?
Has anyone heard of a program called Online Business Alliance? The creator of Online Business Alliance, Dave Gray, has created a program called "Online Business Alliance". Supposedly for just $5 you can have your own Internet business up and running in no time and have residual income coming in. Has anyone heard about this or involved in this now?
Accounting Income Statement and Balance sheet help please? 1. Create an Income Statement and Balance Sheet from the activities you have recorded Transactions 6/28/10Issued common stock for $130,000. 6/30/10Purchased automatic book shelving equipment for $6,000 in cash. The equipment is expected to last 4 years and have no residual value. 6/30/10Purchased a really cool cash register for $50,000, to be paid in December of 2012. This equipment is expected to have no residual value after its 5 year life. 6/30/10Paid $7,500 in cash to purchase 100 books for Accounting Students before the semester began. 6/30/10Paid $15,000 in cash to purchase 100 books for Physics Students. 6/30/10Paid $24,000 for 6 months rent paid in advance. 7/4/10Stewart, a savvy student, purchased 40 Physics Books for $200 each, in the hopes that the Bookstore would run out and the student could charge a premium to other students needing the text. This was a credit sale. 7/5/10Samantha, another student, thought this was a great idea and purchased 36 Physics books for $200 each and also 20 Accounting Books for $100 each. This was a credit sale. 7/6/10Professor Berley purchased 68 Accounting Books for $100 each. This was a credit sale. 7/15/10Paid our employees wages. Employees worked 400 hours at $12.50 per hour. 7/16/10Stewart paid $8,000 on his account. 7/16/10Professor Berley paid $6,800 on her account. 7/17/10Sam paid $7,140 on her account. 7/18/10Purchased 88 Accounting Books for $6,600, on account. 7/18/10Purchased 76 Physics Books for $11,400 on account. 7/28/10Paid $6,600, on our account with the Accounting Book Company (Wiley). 7/28/10Paid $11,400 on our account with the Physics Book Company (McGraw-Hill). 7/31/10Accrue rent expense for the month 7/31/10Accrue depreciation expense on the automatic book shelving equipment 7/31/10Accrue depreciation expense on the cash register 7/31/10Accrue wage expenses for the second half of the month. Employees again worked 400 hours at $12.50 per hour.
What kind of company is this? Hello. I am about to start a business. I will be creating websites that sell niche affiliate products. After the website produces some sales, I will sell the website. I will make multiple sites and have multiple streams of residual income. The problem is, I do not know what kind of company I would be starting. Companies like Apple or Best Buy either sell a product or service. But what would selling websites be? Could I even consider this a company?
sfi Internet Marketing business? Is it a part time job or full time job? Is it a real business or scam? Is it world wide income system that really works? Can a person build residual and leveraged income to create real wealth?
Is Network Marketing a good fit for Real Estate? Connect Realty, Ken Carlson (40% owner of Jet Blue) is creating a complete web based real estate company that will put many brick and mortar companies out of business. He's added to it a residual income stream for those who recruit agents. Do you think he'll be able to add 50,000 agents in 18 months? www.retirewithconnect.com
Would you be interested in this? People don't understand if they are not "directly affected" by 1. their name on it 2. something that is theirs alone and 3. can be hidden for whatever purpose. how it was to work - based on christian principals - people who wanted to participate, joined and committed to the rules of the participation - be patient, don't withdraw your investments, be honest and be stable as possible for the pilot program. 1.participant is at least 18 years old, American citizen, and lives no more than an hour away traveling by car and invests $10.00 per month or $120.00 per year at stated pace. 100,000 participants made up of in individuals, families and businesses investing at the rate of $10.00 per month per person - everyone age 18 and up has a vote depending on their status and/or proxy - family - 1 vote, individual - 1 vote, business - 1 vote to be used to conduct business(that is why the traveling distance is important for the pilot) the investment is pooled to start primary investment. all the while people are opening doors to working together- share expertise in an orderly fashion- businesses will be given special tax breaks for that participation - lending employees, materials, expertise etc; - slimming the overhead costs as much as possible. individuals and head of families may have professional skills to share for the entity - herein after called Copestone. the #1 purpose is to create jobs, educate and /or increase skills for those who want it,and provide residual income to all - to do what they want to do- work for a while, adventure, retire, teach - either way it will cut down the 5:00 rush hour,illnesses, there is a lot more to this- ending in no currency and the provision of shared resources. Reasoning - there will always be people who like the dirty jobs, intense labor, provide security for the masses, and be loving it.
New investors in Georgia looking for startup lending. Credit score low.? I and two other investors have become an LLC. We are looking to purchase, rehab and rent out properties to create a great real estate portfolio and branch out seperately at a latter date after securing residual income. We need some advice on how to begin the loan process and getting the ball rolling now that we have become a limited liability company. All of us have good jobs and 2 have credit scores above 600 and 700. The other partner's credit is below 500. How do we approach a lender with the credit issues. Thanks!
Okay I have a lot of questions about my career? My ultimate goal is to build a successful network marketing company that will pay residual income for me to retire on. Don't tell me it won't work and that mlm is a scam, because I KNOW I can succeed with the training I have and the people I know. Now, my plan to get there is to become a massage therapist (to support myself) by going to massage school and getting licensed in a state to begin practice. I will work as an employee for a year or so until I can build a clientele for my own practice. In the meantime, I will be finishing my GED and after about a year of working as a massage therapist I will focus on my Business major in Marketing so that I will be more effective in building my own practice. By the time I earn my degree, my earning power will rise, I will have learned the necessary skills from my major to create a successful private practice, and I will have enough money to support myself to live somewhere. Now, the questions. What state would be best for me to move to, so I can attend a four year college to earn my bachelor's degree, MEANWHILE, the first year attending an accredited massage school, then becoming license, then the next year in my GED, working to support myself, then beginning my own private practice, MEANWHILE, focusing on my major and learning valuable skills to help me not only building my clientele, but also building my network marketing downline, then when I earn my degree and earning power rises and I have my own practice, building my mlm business to eventually retire. So the question is, what state would be BEST, for attending a massage school, meanwhile attending a good four year college to earn my Bachelor's degree, has good job prospects for being a massage therapist, and a good location for this as well, and has a moderate or low cost of living, low enough to support myself in college and as a massage therapist and eventually self employed? I know I have a lot of info here, but I want everyone to understand my plan EXACTLY, and point out any logistical flaws here that I may have missed in my limited amount of time I've researched this career. I'm not asking you to criticize my passions and dreams, I'm just looking for information, and valuable advice. Anything I should be concerned about? Can I support myself doing this? By the way I am 16 and live in California, and my parents have a little money saved up for college, not much...
How to Fix the Economy? Well I’m no economic genius, but I think I have a basic understanding of what’s going on with the economy. And that understanding doesn’t entail a quick recovery. Why, might you ask? Well the construction and financial industries prior to the recession constituted a large portion of GDP and supplied a lot of jobs. With a surplus of houses currently on the market and risky financial dealings now outlawed, jobs in these industries aren’t coming back for a long time: stimulus or no stimulus. What we need is innovation to create new businesses that will absorb the lost jobs. And that process takes time: plain and simple. On a side note, I went to a bank just recently looking to get a loan. It seemed like the bank was reluctant to make the loan despite my considerable liquid assets and my residual income. This was not a good sign. Do small businesses have just as hard of a time acquiring money? So even if interest rates are kept low, and the Fed carries on with its quantitative easing, lack of financing will ultimately stymie the innovation that is desperately needed for an economic turnaround. The best thing the government could do to fix the economy is to step in and encourage loans to small businesses and incentivize entrepreneurial pursuits. This will foster the innovation that I speak so highly of. Please feel free to comment.
Would You as a Millionaire Entrepreneur Mind Sharing the Secret of Your Success? As a very entrepreneurial orientated guy who would like to successfully secure and enjoy a life prosperity and freedom through creating different ways, methods or mechanisms of earning residual income through doing the things that I really admire and enjoy to, I am looking to learn from both offline and online Millionaire Entrepreneurs. Personally, I would prefer dealing with the female beauty, modeling and fashion related fields, however I would consider any hot niche markets and products to happily engage with on the basis of implementing the modern internet marketing strategies and techniques that you are currently benefiting from. Many thanks in advance. Bruno
Accounting HW, Use and Disposal of Long-Lived Assets? Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of 2011 at a cost of $5,000. The estimated useful life was five years, and the residual value was $500. Assume that the estimated productive life of the machine is 15,000 hours. Expected annual production was: year 1, 4,100 hours; year 2, 2,500 hours; year 3, 3,400 hours; year 4, 1,800 hours; and year 5, 3,200 hours. Question: The following amounts were forecast for the year ended Dec. 31, 2013: Sales Revenues $42,000; Cost of Goods Sold $33,000; Other Operating Expenses $4,000; and Interest Expense $800. Create an income statement for the year ended Dec. 31, 2013 (end of year three) for each of the different depreciation methods (Straight-line, Units-of-production, Double-declining), ending at Income before Income Tax Expense. (Don't forget to include a loss or gain on disposal for each method.)
Accounting T accounts help please? 1. Prepare a T-Account and record transactions for each account in transactions below 2. Create an Income Statement and Balance Sheet from the activities you have recorded Transactions 6/28/10Issued common stock for $130,000. 6/30/10Purchased automatic book shelving equipment for $6,000 in cash. The equipment is expected to last 4 years and have no residual value. 6/30/10Purchased a really cool cash register for $50,000, to be paid in December of 2012. This equipment is expected to have no residual value after its 5 year life. 6/30/10Paid $7,500 in cash to purchase 100 books for Accounting Students before the semester began. 6/30/10Paid $15,000 in cash to purchase 100 books for Physics Students. 6/30/10Paid $24,000 for 6 months rent paid in advance. 7/4/10Stewart, a savvy student, purchased 40 Physics Books for $200 each, in the hopes that the Bookstore would run out and the student could charge a premium to other students needing the text. This was a credit sale. 7/5/10Samantha, another student, thought this was a great idea and purchased 36 Physics books for $200 each and also 20 Accounting Books for $100 each. This was a credit sale. 7/6/10Professor Berley purchased 68 Accounting Books for $100 each. This was a credit sale. 7/15/10Paid our employees wages. Employees worked 400 hours at $12.50 per hour. 7/16/10Stewart paid $8,000 on his account. 7/16/10Professor Berley paid $6,800 on her account. 7/17/10Sam paid $7,140 on her account. 7/18/10Purchased 88 Accounting Books for $6,600, on account. 7/18/10Purchased 76 Physics Books for $11,400 on account. 7/28/10Paid $6,600, on our account with the Accounting Book Company (Wiley). 7/28/10Paid $11,400 on our account with the Physics Book Company (McGraw-Hill). 7/31/10Accrue rent expense for the month 7/31/10Accrue depreciation expense on the automatic book shelving equipment 7/31/10Accrue depreciation expense on the cash register 7/31/10Accrue wage expenses for the second half of the month. Employees again worked 400 hours at $12.50 per hour.
Affiliate marketing and youtube? There's a company that sells a product online that I use on a day to day basis. I want to become an affiliate marketer for that company ie; drive customers and business to their site and get a kick back for it. i want to start by creating a youtube video of me demonstrating the produce with a link to the their site. I went on to the companies site that sells the product and found nothing about any sort of affiliate program. Does every company participate in affiliate programs... if I call what are the chances that they'll say they don't need my help? I plan on calling over the next couple days but figured I'd ask here first so I don't look like an idiot. How does affiliate marketing work.. will they simply provide me with a link I can embed into my video? Do I need a domain name to act as a sort of middle man between my video and their site or can i simply use the video? Do I need a license to do this? If a customer follows my link and creates an account with their company (you need to do this in order to buy anything from them) will I get residual income on each time they purchase from then on? Any good books to read up on affiliate marketing to find out other ways to make money online? Thanks.
Would you be open to starting a network marketing business and How much are you looking to spend.? I currently work 2 programs. I am in the process of creating a team and I have to say as a network marketer I am learning so much. I work with great sponsors and we have a tremendous team of members helping out one another in making sure we achieve financial success. Our goal is to help out those achieve a happier and wealthier life. My primary business is Numis Network. We specialize in Gold and Silver coins. As soon as you join at the executive level you are eligible in earning residual income in so many different ways. You also qualify for silver eagle coin of the month and are qualified to experience trips to cancun and go on cruises. My secondary business is called Ameriplan. We offer discount plans on health and dental insurance to those who cannot afford to pay for health insurance. It not only benefits me but it can benefit you as well. My biggest question is: Do you have the passion of wanting to work at home? What kind of network marketing business are you looking for? How much are you willing to spend for start up costs?
Can I be liberal spokesperson for the TEA party? Oh TAXES. Income taxes. You are so invasive and judgmental. Why do we need them?? Raise sales tax. Double it. Sextuple it (gradually) but erase income taxes. A market will correct itself. Do it for earned income Today. We can hem and haw about residual (corporate) income because let's face it - those fruits are the bottom line, why we are raising money in the first place. We collect the taxes to finance a government more less to facilitate: a common currency -is the fed profitable? let's hope so - that's us treasure behind it a forum for rule making -cost of business expense military -what is the roi on army? it would be complicated.. justice -cost of business expense bureaucracy -probably solvent. they don't just give those pieces of paper away education -many state colleges are profitable, k-12 is on property taxes now. let's leave it that way social service -this may be a loss leader but humanistic and creates dramatic reduction in previous depts and many are solvent. the insurance business (obamacare) is a profitable one. regardless of management it or post office, or hospitals or police do generate very large amounts of revenue ... We can run this system without the darn earned income taxes. They are ridiculous and divisive. I understand we need financing to operate the system but income tax is ludicrous burden on that system. Corporate income, sorry - still getting hit. Sales taxes also. But that is why we have the system - so that those things can exist. America was a political experiment at birth - abolishing income taxes and offsetting that burden onto the machine itself (not the individuals) - is a true blue idea.. Come on TEA party, let's go after income taxes!
1.(a) How does correlation analysis differ from regression analysis? (b) What does a correlation coefficient r? 1.(a) How does correlation analysis differ from regression analysis? (b) What does a correlation coefficient reveal? (c) State the quick rule for a significant correlation and explain its limitations. (d) What sums are needed to calculate a correlation coefficient? (e) What are the two ways of testing a correlation coefficient for significance? 2.In the following regression, X = weekly pay, Y = income tax withheld, and n = 35 McDonald's employees. (a) Write the fitted regression equation. (b) State the degrees of freedom for a twotailed test for zero slope, and use Appendix D to find the critical value at a = .05. (c) What is your conclusion about the slope? (d) Interpret the 95 percent confidence limits for the slope. (e) Verify that F = t2 for the slope. (f) In your own words, describe the fit of this regression. ANOVA table Source SS df MS F p-value Regression 387.6959 1 387.6959 8.35 .0068 Residual 1,533.0614 33 46.4564 Total 1,920.7573 34 R2 0.202 Std. Error 6.816 n 35 Regression output confidence interval variables coefficients std. error t (df = 33) p-value 95% lower 95% upper Intercept 30.7963 6.4078 4.806 .0000 17.7595 43.8331 Slope 0.0343 0.0119 2.889 .0068 0.0101 0.0584 3.In the following regression, X = total assets ($ billions), Y = total revenue ($ billions), and n = 64 large banks. (a) Write the fitted regression equation. (b) State the degrees of freedom for a twotailed test for zero slope, and use Appendix D to find the critical value at a = .05. (c) What is your conclusion about the slope? (d) Interpret the 95 percent confidence limits for the slope. (e) Verify that F = t2 for the slope. (f) In your own words, describe the fit of this regression. R2 0.519 Std. Error 6.977 n 64 ANOVA table Source SS df MS F p-value Regression 3,260.0981 1 3,260.0981 66.97 1.90E-11 Residual 3,018.3339 62 48.6828 Total 6,278.4320 63 Regression output confidence interval variables coefficients std. error t (df = 62) p-value 95% lower 95% upper Intercept 6.5763 1.9254 3.416 .0011 2.7275 10.4252 X1 0.0452 0.0055 8.183 1.90E-11 0.0342 0.0563 4.A researcher used stepwise regression to create regression models to predict BirthRate (births per 1,000) using five predictors: LifeExp (life expectancy in years), InfMort (infant mortality rate), Density (population density per square kilometer), GDPCap (Gross Domestic Product per capita), and Literate (literacy percent). Interpret these results. Regression Analysis—Stepwise Selection (best model of each size) 153 observations BirthRate is the dependent variable p-values for the coefficients Nvar LifeExp InfMort Density GDPCap Literate s Adj R2 R2 1 .0000 6.318 .722 .724 2 .0000 .0000 5.334 .802 .805 3 .0000 .0242 .0000 5.261 .807 .811 4 .5764 .0000 .0311 .0000 5.273 .806 .812 5 .5937 .0000 .6289 .0440 .0000 5.287 .805 .812 5.An expert witness in a case of alleged racial discrimination in a state university school of nursing introduced a regression of the determinants of Salary of each professor for each year during an 8-year period (n = 423) with the following results, with dependent variable Year (year in which the salary was observed) and predictors YearHire (year when the individual was hired), Race (1 if individual is black, 0 otherwise), and Rank (1 if individual is an assistant professor, 0 otherwise). Interpret these results. Variable Coefficient t p Intercept -3,816,521 -29.4 .000 Year 1,948 29.8 .000 YearHire -826 -5.5 .000 Race -2,093 -4.3 .000 Rank -6,438 -22.3 .000 R2 = 0.811 R2 adj = 0.809 s = 3,318 (a) Plot the data on U.S. general aviation shipments. (b) Describe the pattern and discuss possible causes. (c) Would a fitted trend be helpful? Explain. (d) Make a similar graph for 1992–2003 only. Would a fitted trend be helpful in making a prediction for 2004? (e) Fit a trend model of your choice to the 1992–2003 data. (f) Make a forecast for 2004, using either the fitted trend model or a judgment forecast. Why is it best to ignore earlier years in this data set? U.S. Manufactured General Aviation Shipments, 1966–2003 Year Planes Year Planes Year Planes Year Planes 1966 15,587 1976 15,451 1986 1,495 1996 1,053 1967 13,484 1977 16,904 1987 1,085 1997 1,482 1968 13,556 1978 17,811 1988 1,143 1998 2,115 1969 12,407 1979 17,048 1989 1,535 1999 2,421 1970 7,277 1980 11,877 1990 1,134 2000 2,714 1971 7,346 1981 9,457 1991 1,021 2001 2,538 1972 9,774 1982 4,266 1992 856 2002 2,169 1973 13,646 1983 2,691 1993 870 2003 2,090 1974 14,166 1984 2,431 1994 881 1975 14,056 1985 2,029 1995 1,028
Do you understand why I am so proud of the peoples in Sri Lanka? In a matter of a few weeks with minimal foreign assistance we have taken people who were camped in tents and driven from one end of the island to the other by a terrorist organization and have them in structured housing http://www.lankaenews.com/English/news.php?id=7868 The ratio of men and women is very similar and children are being schooled, persons are receiving job training, former LTTE are going through programs to reintegrate into society, residual LTTE elements are being traced, families are being reunited. http://www.dailynews.lk/2009/06/16/news36.asp I am pleased to hear that South Korea is so happy with their development model but Sri Lanka's development model is different and I do not believe that it will take 60 years for us to reach a 20K median income. South Korea as every sovereign nation has its own limits but they differ greatly with those of Sri Lanka. I truly enjoy the warm and gracious hospitality of your peoples from both the north and south when I have visited and find that your security forces are very well behaved and maintained. But we are not interested in becoming a little Japan though Japan also has its own charms but admittedly South Korea and North Korea would have been on a much quicker economic development trajectory if not for Japan. We are not so interested in back ending a stream when we are the gateway to the Orient. A few world wars does not change the history of our countries and we always look forward to occasional visits from our distant neighbors but our tropical perspective and cultural ties predicate much of what our growth and development streams are, have been and will continue to be. We will never a large chemical manufacturor for we are more environmentally concerned, we chose when and who develops hospitality on our island for we try to limit those things that conflict with the great and vast spiritual nature of our island. Ship building is not a stream that we need to proceed with in the short term for their are other matters that take precedence and we are well on the way to IT development, We are much more focused on clean industry such as assembly rather than dirty industries such as manufacture. We believe in saving our carbon credits and can possibly offer some for sale as that would be much more along the lines of our future view than creating large carbon expenditures. We would never erode the monuments of our culture and civilization as we have a preservationist mentality. http://www.dailynews.lk/2009/06/16/news36.asp CHECK DRAFTS NOW GATES/RAJA Rudukumar should understand that at the end of the year means at the end of 365 days of no violence, no lies and conjecture in the media, no economic terrorism, no fraud, no drug dealing, no arms running, no Selveraj Pathamathan. That year does not begin until the Tamil diaspora SINCERELY apologizes for 30+ years of terror and havoc wreaked on Sri Lanka through diaspora and foreign elements. It also means turning in for prosecution ALL parties that have been conducting such either at home or abroad. The Tamil diaspora is nowhere near step one. I suggest that these terrorists find another country to accomodate them because the Tamils that were born and live in Sri Lanka are Sri Lankans first and foremost. The most that you can attempt is to speak for 800,000 people who collectively terrorised every community including their own at home and abroad. That is not much to stand for so I suggest that you revise your LTTE leanings and give up KP, Castro et al. You are the discriminators not us CHECK DRAFTS NOW GATES/RAJA
Accounting HW, Use and Disposal of Long-Lived Assets? Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of 2011 at a cost of $5,000. The estimated useful life was five years, and the residual value was $500. Assume that the estimated productive life of the machine is 15,000 hours. Expected annual production was: year 1, 4,100 hours; year 2, 2,500 hours; year 3, 3,400 hours; year 4, 1,800 hours; and year 5, 3,200 hours. Question: The following amounts were forecast for the year ended Dec. 31, 2013: Sales Revenues $42,000; Cost of Goods Sold $33,000; Other Operating Expenses $4,000; and Interest Expense $800. Create an income statement for the year ended Dec. 31, 2013 (end of year three) for each of the different depreciation methods (Straight-line, Units-of-production, Double-declining), ending at Income before Income Tax Expense. (Don't forget to include a loss or gain on disposal for each method.)
My Trading Genie? Anyone familiar? has anyone tried to make this into a business....where you recruit suscribers....and then you ear a residual income every month they are a suscriber to the service??? as a trading alert service it looks great.....my interest is the ability to create a business signing up folks for the service....
THe utter myth of the liberal Left that we are ranked 37th in healthcare outcomes? Popular Ranking Unfairly Misrepresents the U.S. Health Care System Jun 1st, 2009 By: Richard G. Fessler, MD, PhD The media and political community have made a big deal out of the fact that the U.S. ranks 37 out of 191 countries on the World Health Organization’s Health Care Ranking System. Is this tool a credible way to compare quality health care delivered in the U.S. vs the rest of the world? Let’s be perfectly clear about this, the United States Health Care is second to none! Ask the tens of thousands of patients who travel internationally to the US every year for their health care. As an example of the quality of health care delivered in the US, Americans have a higher survival rate than any other country on earth for 13 of 16 of the most common cancers. Perhaps that is why Belinda Stronach, former liberal member of the Canadian Parliament and Cabinet member (one of the health care systems touted as “superior” to the US) abandoned the Canadian Health Care system to undergo her cancer treatment in California.1 But to understand how WHO derives this misleading statistic, which has been ballyhooed widely by both the media and politicians alike, you need to understand how it is created. WHO’s health care rankings are constructed from five factors each weighted according to a formula derived by WHO. These are: 1. Health Level: 25 percent 2. Health Distribution: 25 percent 3. Responsiveness: 12.5 percent 4. Responsiveness Distribution: 12.5 percent 5. Financial Fairness: 25 percent “Health level” is a measure of a countries “disability adjusted life expectancy”. This factor makes sense, since it is a direct measure of the health of a country’s residents. However, even “life expectancy” can be affected by many factors not related to health care per se, such as poverty, homicide rate, dietary habits, accident rate, tobacco use, etc. In fact, if you remove the homicide rate and accidental death rate from MVA’s from this statistic, citizens of the US have a longer life expectancy than any other country on earth.2 “Responsiveness” measures a variety of factors such as speed of service, choice of doctors, and amenities (e.g. quality of linens). Some of these make sense to include (speed of service) but some have no direct relationship to health care (quality of linens). These two factors at least make some sense in a ranking of health care, but each is problematic as well. The other three factors are even worse. “Financial fairness” measures the percentage of household income spent on health care. It can be expected that the “percentage” of income spent on health care decreases with increasing income, just as is true for food purchases and housing. Thus, this factor does not measure the quality or delivery of health care, but the value judgment that everyone should pay the same “percentage” of their income on health care even regardless of their income or use of the system. This factor is biased to make countries that rely on free market incentives look inferior. It rewards countries that spend the same percentage of household income on health care, and punishes those that spend either a higher or lower percentage, regardless of the impact on health. In the extreme then, a country in which all health care is paid for by the government (with money derived from a progressive tax system), but delivers horrible health care, will score perfectly in this ranking, whereas a country where the amount paid for health care is based on use of the system, but delivers excellent health care will rank poorly. To use this factor to justify more government involvement in health care, therefore, is using circular reasoning since this factor is designed to favor government intervention. “Health Distribution and Responsiveness Distribution” measure inequality in the other factors. In other words, neither factor actually measures the quality of health care delivery, because “inequality of delivery” is independent of “quality of care”. It is possible, for example, to have great inequality in a health care system where the majority of the population gets “excellent” health care, but a minority only gets “good” health care. This system would rank more poorly on these measures than another country that had “equal”, but poor, health care throughout the system. In summary, therefore, the WHO ranking system has minimal objectivity in its “ranking” of world health. It more accurately can be described as a ranking system inherently biased to reward the uniformity of “government” delivered (i.e. “socialized”) health care, independent of the care actually delivered. In that regard the relatively low ranking of the US in the WHO system can be viewed as a “positive” testament to at least some residual “free market” influence (also read “personal freedom”) in the American Health Care system. The American health care consumer needs to understand what th to understand what the WHO ranking does and does not say about American health. Don’t be fooled by “big government” politicians and the liberal media who are attempting to use this statistic to push for socialized medicine in the United States. It says essentially nothing about the delivery of health care or the quality of that delivery in the US. It does say that, so far, the American health care consumer has at least some personal freedom to seek the best health care available, and is not yet relegated to the “one size fits all” philosophy of government sponsored health care systems. Susan Delacourt, “Stronach travels to U.S. for cancer treatment.” The Star, September 14, 2007. Sally C. Pipes, “The Top Ten Myths of American Health Care”. Pacific Research Institute, pp 132-133, 2008. http://www.healthandsharing.com/21/articledetail Truth really bother you Libs doesn't it?
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