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Essay / Research Paper Abstract
This 4 page paper looks at a case where a business owner believes he is being over charged for stock and his manger is being given back handers to allow the price increases. The paper starts by examining the managers finances, looking at income, expenditure, assets and liabilities to determine if there is any unexplained income. The paper then consider other possible solutions to the situation. All calculations are shown. The bibliography cites 2 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TEbribes.rtf
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Unformatted sample text from the term paper:
this we need to look at two elements, firstly there are the annual salary compared to the annual outgoings. In the case study we are not told if the salary
figure given is net of taxes. We will assume it is, if it is not then an income tax calculation will need to take place to calculate the net income.
Looking at the income and expenditure in terms of regular income and outgoing we can see if income is in excess of outgoings, and as such if there is
any unidentified income form this alone. Expenses: Year before last Last Year This Year Mortgage payments 4,500 4,500 13,000 Auto payments 1,800 1,800 Houseboat payments
2,400 2,400 Other living expenses 15,000 17,000 5,000 Total expenditure 21,300 25,700 20,400 Income Bettys salary 25,000 25,500 26,000 Mikes salary 35,000 36,000 37,000 Total income
60,000 61,500 63,000 Disposable income (Income less expenditure) 38,700 35,800 42,600 Looking at this there is not a excess of expenditure over income. However this does not mean that there
is not an unknown source of income. For this we can also look at the level of assets. The increase in price of net assets may be indicative. These may
be seen to increase by the level of any decrease in the amounts outstanding, so we are looking at the level of net asset and the level of the repayments
each year. Assets Year before last Last Year This Year Personal residence 70,000 70,000 200,000 Automobiles 15,000 45,000 45,000 Houseboat 30,000 30,000 ATVs 0
12,000 12,000 Total assets 85,000 157,000 287,000 Liabilities Mortgage balance 35,000 30,500 100,000 Auto loan 2,500 0 0 Houseboat Loan 0 15,000 11,000 Total liabilities 37,500 45,500
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