Author: chris

THE FCA CORPORATION

Background
The FCA Corporation, as part of its varied operations, performs complex tests and analyses of the chemical composition of fluids. The FCA Corporation does this for numerous clients on a cost reimbursement plus fee basis.

The tests and analyses are accomplished by processing fluid samples provided by the client or obtained by FCA employees at the client’s site. Samples are processed using special state-of-the-art analysis machines that cost approximately $500,000 each and require frequent calibration and maintenance. Technicians process the samples under the supervision of chemists and chemical engineers. The chemists and engineers interpret sample processing results and provide reports to clients concerning the composition of the samples and the implications of the presence of various elements.

Good laboratory practices, as mandated by government and industry standards, are to be adhered to during sample processing and analysis. The main requirements are to document procedures performed and regularly review the quality control procedures used.

The equipment used in performing the testing and analysis is located in special laboratory facilities dedicated solely to processing samples.

Internal audit has been requested by management to audit the operations of the special laboratory facility to determine compliance with company policies and procedures and client contractual requirements and to evaluate the effectiveness and efficiency of practices within the laboratory.

Laboratory Operations
Clients are charged a rate per hour of machine time used in processing a sample. The rate is established based on the estimated costs of operating the facility and the estimated hours of machine time used to process samples. The rate is to be based on cost since the majority of samples are analyzed under cost reimbursement contracts that have specific requirements concerning costs and cost allocations. Technician labor costs for processing client samples are also charged directly to the client, as are chemists’ and engineers’ labor costs for evaluating and interpreting sample results. Labor costs for maintenance, training, downtime, etc., are charged to the facility cost pool.

Each machine produces printed output that contains various numerical and graphic data from various points in the analysis process. For each machine, technicians also maintain manual log books in which they record various “readings” from the machine during the analysis process, procedures actually performed, and their sample composition conclusions based upon observations made during sample processing.

The amount of machine usage to be charged to the client is determined manually by the technician (there is no “stop watch” on the machine). The usage is reported monthly to the accounting department for billing to the client. The labor charges for the technicians, chemists and engineers are also reported monthly to the accounting department for billing to the client.

Internal Audit Review
The internal audit staff reviewed the laboratory operations and noted the following items:

The analyzer machines required “warm-up” time at the start of each day’s activity. This time was charged in some cases directly to clients and in other cases it was charged to the laboratory operation’s overhead.

Machine set up was different depending upon the type of sample and client requirements. In some cases this cost was charged directly to clients and in other cases it was charged to laboratory operations overhead.

Quality control personnel would periodically run random QC samples during sample processing for all clients. They would also run specific quality control samples required by the client. If the QC sample did not meet standards, the machine would be recalibrated and client sample processing would be restarted. The QC testing was charged to laboratory overhead. Machine time and technician labor spent on sample processing that could not be used was in some cases charged to the client and in other cases charged as laboratory overhead.

During sample interpretation by the chemists and engineers, it was sometimes found necessary to rerun the sample to obtain additional data (through different calibration settings, etc.) When this occurred, the rerun time was sometimes charged to the client and sometimes charged to the laboratory overhead.

Machine logbook maintenance varied by technician. Technicians were not assigned to specific machines – rather they used machines as available. Some technicians recorded all results while others did not record QC results. Results that needed to be rerun may or may not have been recorded. The laboratory supervisor and/or quality control personnel reviewed the logbooks only when someone subsequently had a question about sample processing and/or specific sample results.

Technicians reported machine usage to the laboratory supervisor at the end of the month verbally or on handwritten notes. There was no required method for the technician to determine and document usage. The supervisor then prepared a usage form for each client and sent it to accounting for billing to the client

The machine usage rate charged to clients had not been changed in three years. The laboratory operations had the following operating results (exclusive of fee) in the three prior years:

Year one:        Revenue – $5,600,000; Expenses – $6,200,000;
under-recovery – $600,000.
Year two:        Revenue – $6,700,000; Expenses – $6,600,000;
over-recovery – $100,000.
Year three:      Revenue – $7,700,000; Expenses – $7,000,000;
over-recovery – $700,000.

The laboratory supervisor generally would not allow usage and labor charges reported to the accounting department for a client to exceed amounts that had originally been estimated or proposed to the client.

Preventive maintenance on the machines was generally performed during slack periods by the technicians on an ad hoc basis and was not documented.

Required
Using the results of the audit review, develop findings and recommendations for management. Keep in mind that under the terms of the cost reimbursement contracts, amounts charged to clients have to be based on actual costs and be allocable to the client.

Do not include the question in your response and use bullet points.

For this last segment to your project, you will develop a leadership action plan. In 1-3 pages, you will describe the activities you will undertake over each of the following: next month, quarter, one year, and three years to improve and maximize your role as a leader. If you are currently in a formal leadership position, what will you do to get better at it? If you are currently in a formal non-leadership position, how will you seek opportunities to lead?

Finally, to complete your course project, review and combine all previous project submissions, including your leadership action plan into one cohesive paper. You may have to include transitions to help the paper flow from one section to the next. Your final submission should include a ½ – 1 page summary reflecting on the knowledge you have gained from this self-assessment.

Your final paper should be 10-15 pages long, include all previous project submissions, meet APA standards for presentation including properly citing sources in APA format,

Emily Jackson (SocialSECURITY number 765-12-4326) and James Stewart (SocialSECURITY number 466-74-9932) are partners in a partnership that owns and operates a barber shop. The partnership’s first year of operation is 2014. Emily and James divide income and expenses equally. The partnership name is J&S Barbers, it is located at 1023 Broadway, New York, NY 10004, and its Federal ID number is 95-6767676. The 2014 financial statements for the partnership are presented below.

Emily lives at 456 E. 70th Street, New York, NY 10006, and James lives at 436 E. 63rd Street, New York, NY 10012.

Required:

Complete J&S Barbers’ Form 1065 and Emily and James’ Schedule K-1. Do not fill in Schedule D for the capital loss, Form 4562 for depreciation, or Schedule B-1 related to ownership of the partnership. Make realistic assumptions about any missing data. If an amount box does not require an entry or the answer is zero, enter “0”. If required, round your answers to nearest dollar.

Note: If required, enter a “loss” as a negative number on the tax form. Do not enter deductions as negative numbers.

Department of the Treasury Internal Revenue Service U.S. Return of Partnership Income For calendar year 2014, or tax year beginning _ _ _ _ , 2014, ending _ _ _ , 20_ _ _ . ► Information about Form 1065 and its separate instructions is atwww.irs.gov/form1065. OMB No. 1545-0123 A Principal business activity Type or Print Name of partnership D Employer identification number Barber Service J&S Barbers 95-676767 B Principal product or service Number, street, and room or suite no. If a P.O. box, see the instructions. E Date business started Barber Service 1023 Broadway 1/01/14 C Business code number City or town, state or province, country, and ZIP or foreign postal code F Total assets (see the instructions) 812111 New York, NY 10004 $ G Check applicable boxes: (1) ☑ Initial return (2) ▢ Final return (3) ▢ Name change (4) ▢ Address change (5) ▢ Amended return (6) ▢ Technical termination – also check (1) or (2) H Check accounting method: (1) ▢ Cash (2) ☑ Accrual (3) ▢ Other (specify) ► I Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year ► 2 J Check if Schedules C and M-3 are attached . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▢ Caution. Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more information. 1a Gross receipts or sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a b Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b c Balance. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1c   2 Cost of goods sold (attach Form 1125-A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2   3 Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3   4 Ordinary income (loss) from other partnerships, estates, and trusts (attach statement) . . . . . . . . . . 4   5 Net farm profit (loss) (attach Schedule F (Form 1040)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5   6 Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . 6   7 Other income (loss) (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7   8 Total income (loss). Combine lines 3 through 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8   9 Salaries and wages (other than to partners) (less employment credits) . . . . . . . . . . . . . . . . . . . . . . 9 10 Guaranteed payments to partners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16a Depreciation (if required, attach Form 4562) . . . . . . . . . . . . . . . . . . . . . 16a b Less depreciation reported on Form 1125-A and elsewhere on return . . 16b 16c 17 Depletion (Do not deduct oil and gas depletion.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 RETIREMENT PLANS etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 19 Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 20 Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Supplies . . . . . 20 21 Total deductions. Add the amounts shown in the far right column for lines 9 through 20 . . . . . . . . . 21 22 Ordinary business income (loss). Subtract line 21 from line 8 . . . . . . . . . . . . . . . . . . . . . . . . . 22 Sign Here Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than general partner orLIMITED LIABILITY COMPANY member manager) is based on all information of which preparer has any knowledge. May the IRS discuss this return with the preparer shown below (see instructions)? ▢ Yes ▢ No Signature of general partner orLIMITED LIABILITY COMPANY member manager Date Paid Preparer Use Only Print/Type preparer’s name Preparer’s signature Date Check ▢ if self-employed PTIN Firm’s name ► Firm’s EIN ► Firm’s address ► Phone no. For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11390Z Form 1065 (2014)

Form 1065 (2014) Page 2 Schedule B Other Information 1 What type of entity is filing this return? Check the applicable box: Yes No    a ☑ Domestic general partnership b ▢ Domestic limited partnership    c ▢ Domestic limited liability company d ▢ Domestic limited liability partnership    e ▢ Foreign partnership f ▢ Other ► 2 At any time during the tax year, was any partner in the partnership a disregarded entity, a partnership (including an entity treated as a partnership), a trust, an S corporation, an estate (other than an estate of a deceased partner), or a nominee or similar person? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ☑ 3 At the end of the tax year:    a Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or tax-exempt organization, or any foreign government own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? For rules of constructive ownership, see instructions. If “Yes,” attach Schedule B-1, Information on Partners Owning 50% or More of the Partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ☑    b Did any individual or estate own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? For rules of constructive ownership, see instructions. If “Yes,” attach Schedule B-1, Information on Partners Owning 50% or More of the Partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ☑ 4 At the end of the tax year, did the partnership:    a Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of stock entitled to vote of any foreign or domestic corporation? For rules of constructive ownership, see instructions. If “Yes,” complete (i) through (iv) below . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ☑ (i) Name of Corporation (ii) Employer Identification Number (if any) (iii) Country of Incorporation (iv) Percentage Owned in Voting Stock    b Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital in any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial interest of a trust? For rules of constructive ownership, see instructions. If “Yes,” complete (i) through (v) below . . . ☑ (i) Name of Entity (ii) Employer Identification Number (if any) (iii) Type of Entity (iv) Country of Organization (v) Maximum Percentage Owned in Profit, Loss, or Capital Yes No 5 Did the partnership file Form 8893, Election of Partnership Level Tax Treatment, or an election statement under section 6231(a)(1)(B)(ii) for partnership-level tax treatment, that is in effect for this tax year? See Form 8893 for more details. ☑ 6 Does the partnership satisfy all four of the following conditions?    a The partnership’s total receipts for the tax year were less than $250,000.    b The partnership’s total assets at the end of the tax year were less than $1 million.    c Schedules K-1 are filed with the return and furnished to the partners on or before the due date (including extensions) for the partnership return.    d The partnership is not filing and is not required to file Schedule M-3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ☑ If “Yes,” the partnership is not required to complete Schedules L, M-1, and M-2; Item F on page 1 of Form 1065; or Item L on Schedule K-1. 7 Is this partnership a publicly traded partnership as defined in section 469(k)(2)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ☑ 8 During the tax year, did the partnership have any debt that was cancelled, was forgiven, or had the terms modified so as to reduce the principal amount of the debt? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ☑ 9 Has this partnership filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide information on any reportable transaction? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ☑ 10 At any time during calendar year 2014, did the partnership have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account,SECURITIES account, or other financial account)? See the instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If “Yes,” enter the name of the foreign country. ► ☑ Form 1065 (2014)

Form 1065 (2014) Page 3 Schedule B Other Information (continued) Yes No 11 At any time during the tax year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a foreign trust? If “Yes,” the partnership may have to file Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts. See instructions . . . . . . . . . . . . . . . . . . . . . ☑ 12a Is the partnership making, or had it previously made (and not revoked), a section 754 election? . . . . . . . . . . . . . . ☑ See instructions for details regarding a section 754 election.    b Did the partnership make for this tax year an optional basis adjustment under section 743(b) or 734(b)? If “Yes,” attach a statement showing theCOMPUTATION and allocation of the basis adjustment. See instructions . . . . . . . . . ☑    c Is the partnership required to adjust the basis of partnership assets under section 743(b) or 734(b) because of a substantial built-in loss (as defined under section 743(d)) or substantial basis reduction (as defined under section 734(d))? If “Yes,” attach a statement showing the computation and allocation of the basis adjustment. See instructions ☑ 13 Check this box if, during the current or prior tax year, the partnership distributed any property received in a like-kind exchange or contributed such property to another entity (other than disregarded entities wholly owned by the partnership throughout the tax year) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ►  ▢ 14 At any time during the tax year, did the partnership distribute to any partner a tenancy-in-common or other undivided interest in partnership property? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ☑ 15 If the partnership is required to file Form 8858, Information Return of U.S. Persons With Respect To Foreign Disregarded Entities, enter the number of Forms 8858 attached. See instructions ► 16 Does the partnership have any foreign partners? If “Yes,” enter the number of Forms 8805, Foreign Partner’s Information Statement of Section 1446 Withholding Tax, filed for this partnership. ► ☑ 17 Enter the number of Forms 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached to this return. ► 18a Did you make any payments in 2014 that would require you to file Form(s) 1099? See instructions . . . . . . . . . . . . ☑    b If “Yes,” did you or will you file required Form(s) 1099? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Enter the number of Form(s) 5471, Information Return of U.S. Persons With Respect To Certain Foreign Corporations, attached to this return. ► 20 Enter the number of partners that are foreign governments under section 892. ► Designation of Tax Matters Partner (see instructions) Enter below the general partner or member-manager designated as the tax matters partner (TMP) for the tax year of this return: Name of designated TMP Identifying number of TMP If the TMP is an entity, name of TMP representative Phone number of TMP Address of designated TMP Form 1065 (2014)

Form 1065 (2014) Page 4  Schedule K Partners’ Distributive Share Items Total amount 1 Ordinary business income (loss) (page 1, line 22) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Net rental real estate income (loss) (attach Form 8825) . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3a Other grossRENTAL INCOME (loss). . . . . . . . . . . . . . . . . . . . . . . . . . 3a b Expenses from other rental activities (attach statement). . . . . . . 3b c Other netRENTAL INCOME (loss). Subtract line 3b from line 3a . . . . . . . . . . . . . . . . . . . . . . . . . 3c 4 Guaranteed payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Dividends: a Ordinary dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6a b Qualified dividends . . . . . . . . . . . . . . . . . . . . 6b 7 Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Net short-term capital gain (loss) (attach Schedule D (Form 1065)) . . . . . . . . . . . . . . . . . . . 8 9a Net long-term capital gain (loss) (attach Schedule D (Form 1065)) . . . . . . . . . . . . . . . . . . . . 9a b Collectibles (28%) gain (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . 9b c Unrecaptured section 1250 gain (attach statement) . . . . . . . . . 9c 10 Net section 1231 gain (loss) (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Other income (loss) (see instructions)     Type ► 11 12 Section 179 deduction (attach Form 4562) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13a Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13a b Investment interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13b c Section 59(e)(2) expenditures:         (1) Type ► _ _ _ _ _ _ _ _ _ _ _ _ _   (2) Amount ► 13c(2) d Other deductions (see instructions)        Type ► 13d 14a NetEARNINGS (loss) from self-employment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14a b Gross farming or fishing income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14b c Gross nonfarm income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14c 15a Low-income housing credit (section 42(j)(5)). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15a b Low-income housing credit (other) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15b c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) 15c d Other rental real estate credits (see instructions) Type ► _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 15d e Other rental credits (see instructions) Type ► _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 15e f Other credits (see instructions) Type ► 15f 16a Name of country or U.S. possession ► _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ b Gross income from all sources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16b c Gross income sourced at partner level . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16c Foreign gross income sourced at partnership level d Passive category ► _ _ _ _ _ _ _ _ e  General category ► _ _ _ _ _ _ _ _ _ f  Other ► 16f Deductions allocated and apportioned at partner level g Interest expense ► _ _ _ _ _ _ _ _ _ _ _ _ _ _  h  Other . . . . . . . . . . . . . . . . . . . . . . . . ► 16h Deductions allocated and apportioned at partnership level to foreign source income i Passive category ► _ _ _ _ _ _ _ _ j  General category ► _ _ _ _ _ _ _ _ _ k  Other ► 16k l Total foreign taxes (check one): ►  Paid  ▢    Accrued  ▢ . . . . . . . . . . . . . . . . . . . . . . . . . . 16l m Reduction in taxes available for credit (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . 16m n Other foreign tax information (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17a Post-1986 depreciation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17a b Adjusted gain or loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17b c Depletion (other than oil and gas) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17c d Oil, gas, and geothermal properties—gross income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17d e Oil, gas, and geothermal properties—deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17e f Other AMT items (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17f 18a Tax-exempt interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18a b Other tax-exempt income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18b c Nondeductible expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18c 19a Distributions of cash and marketableSECURITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19a b Distributions of other property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19b 20a Investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20a b Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20b c Other items and amounts (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Form 1065 (2014)

▢ Final K-1 ▢ Amended K-1 OMB No. 1545-0123 Schedule K-1 (Form 1065) Part III Partner’s Share of Current Year Income, Deductions, Credits, and Other Items Department of the Treasury Internal Revenue Service For calendar year 2014, or tax year beginning , 2014 ending , 20  1 Ordinary business income (loss) 15 Credits 2 Net rental real estate income (loss) 3 Other net rental income (loss) 16 Foreign transactions 4 Guaranteed payments 5 Interest income 6a Ordinary dividends 6b Qualified dividends 7 Royalties 8 Net short-term capital gain (loss) (  ) 9a Net long-term capital gain (loss) 17 Alternative minimum tax (AMT) items 9b Collectibles (28%) gain (loss) 9c Unrecaptured section 1250 gain 10 Net section 1231 gain (loss) 18 Tax-exempt income and nondeductible expenses 11 Other income (loss) 12 Section 179 deduction 19 A Distributions 13 Other deductions

I2 If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here ▢ J Partner’s share of profit, loss, and capital (see instructions): Beginning Ending Profit  %  % Loss  %  % Capital  %  % K Partner’s share of liabilities at year end: Nonrecourse . . . . . . . . . . . . . . . . . . $ Qualified nonrecourse financing . . . . $ Recourse . . . . . . . . . . . . . . . . . . . . $ L Partner’s capital account analysis: Beginning capital account . . . . . . . . . $   Capital contributed during the year $   Current year increase (decrease) . . . $   Withdrawals & distributions . . . . . . . . $ (  ) Ending capital account . . . . . . . . . . . . $   *See attached statement for additional information. ☑ Tax basis ▢ GAAP ▢ Section 704(b) book ▢ Other (explain) M Did the partner contribute property with a built-in gain or loss? ▢ Yes ☑ No If “Yes,” attach statement (see instructions) For Paperwork Reduction Act Notice, see Instructions for Form 1065. IRS.gov/form1065 Cat. No. 11394R Schedule K-1 (Form 1065) 2014

Note: Page 2 of Emily Jackson’s K-1 has intentionally been omitted.

▢ Final K-1 ▢ Amended K-1 OMB No. 1545-0123 Schedule K-1 (Form 1065) Part III Partner’s Share of Current Year Income, Deductions, Credits, and Other Items Department of the Treasury Internal Revenue Service For calendar year 2014, or tax year beginning , 2014 ending , 20  1 Ordinary business income (loss) 15 Credits 2 Net rental real estate income (loss) 3 Other net rental income (loss) 16 Foreign transactions 4 Guaranteed payments 5 Interest income 6a Ordinary dividends 6b Qualified dividends 7 Royalties 8 Net short-term capital gain (loss) (  ) 9a Net long-term capital gain (loss) 17 Alternative minimum tax (AMT) items 9b Collectibles (28%) gain (loss) 9c Unrecaptured section 1250 gain 10 Net section 1231 gain (loss) 18 Tax-exempt income and nondeductible expenses 11 Other income (loss) 12 Section 179 deduction 19 A Distributions 13 Other deductions

I2 If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here ▢ J Partner’s share of profit, loss, and capital (see instructions): Beginning Ending Profit  %  % Loss  %  % Capital  %  % K Partner’s share of liabilities at year end: Nonrecourse . . . . . . . . . . . . . . . . . . $ Qualified nonrecourse financing . . . . $ Recourse . . . . . . . . . . . . . . . . . . . . . $ L Partner’s capital account analysis: Beginning capital account . . . . . . . . . $   Capital contributed during the year $   Current year increase (decrease) . . . $   Withdrawals & distributions . . . . . . . . $ (  ) Ending capital account . . . . . . . . . . . . $   *See attached statement for additional information. ☑ Tax basis ▢ GAAP ▢ Section 704(b) book ▢ Other (explain) M Did the partner contribute property with a built-in gain or loss? ▢ Yes ☑ No If “Yes,” attach statement (see instructions) For Paperwork Reduction Act Notice, see Instructions for Form 1065. IRS.gov/form1065 Cat. No. 11394R Schedule K-1 (Form 1065) 2014

Schedule K-1 (Form 1065) 2014 Page 2 This list identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file Form 1040. For detailed reporting and filing information, see the separate Partner’s Instructions for Schedule K-1 and the instructions for your income tax return. 1. Ordinary business income (loss). Determine whether the income (loss) is passive or nonpassive and enter on your return as follows. Report on Passive loss See the Partner’s Instructions Passive income Schedule E, line 28, column (g) Nonpassive loss Schedule E, line 28, column (h) Nonpassive income Schedule E, line 28, column (j) 2. Net rental real estate income (loss) See the Partner’s Instructions 3. Other net rental income (loss) Net income Schedule E, line 28, column (g) Net loss See the Partner’s Instructions 4. Guaranteed payments Schedule E, line 28, column (j) 5. Interest income Form 1040, line 8a 6a. Ordinary dividends Form 1040, line 9a 6b. Qualified dividends Form 1040, line 9b 7. Royalties Schedule E, line 4 8. Net short-term capital gain (loss) Schedule D, line 5 9a. Net long-term capital gain (loss) Schedule D, line 12 9b. Collectibles (28%) gain (loss) 28% Rate Gain Worksheet, line 4 (Schedule D instructions) 9c. Unrecaptured section 1250 gain See the Partner’s Instructions 10. Net section 1231 gain (loss) See the Partner’s Instructions 11. Other income (loss) Code A Other portfolio income (loss) See the Partner’s Instructions B Involuntary conversions See the Partner’s Instructions C Sec. 1256 contracts & straddles Form 6781, line 1 D Mining exploration costs recapture See Pub. 535 E Cancellation of debt Form 1040, line 21 or Form 982 F Other income (loss) See the Partner’s Instructions 12. Section 179 deduction See the Partner’s Instructions 13. Other deductions A Cash contributions (50%) See the Partner’s Instructions B Cash contributions (30%) C Noncash contributions (50%) D Noncash contributions (30%) E Capital gain property to a 50% organization (30%) F Capital gain property (20%) G Contributions (100%) H Investment interest expense Form 4952, line 1 I Deductions–royalty income Schedule E, line 19 J Section 59(e)(2) expenditures See the Partner’s Instructions K Deductions–portfolio (2%FLOOR) Schedule A, line 23 L Deductions–portfolio (other) Schedule A, line 28 M Amounts paid forMEDICAL INSURANCE Schedule A, line 1 or Form 1040, line 29 N Educational assistance benefits See the Partner’s Instructions O Dependent care benefits Form 2441, line 12 P Preproductive period expenses See the Partner’s Instructions Q Commercial revitalization deduction from rental real estate activities See Form 8582 instructions R Pensions and IRAs See the Partner’s Instructions S Reforestation expense deduction See the Partner’s Instructions T Domestic production activities information See Form 8903 instructions U Qualified production activities income Form 8903, line 7b V Employer’s Form W-2 wages Form 8903, line 17 W Other deductions See the Partner’s Instructions 14. Self-employmentEARNINGS (loss) Note. If you have a section 179 deduction or any partner-level deductions, See the Partner’s Instructions before completing Schedule SE. A Net earnings (loss) from self-employment Schedule SE, Section A or B B Gross farming or fishing income See the Partner’s Instructions C Gross non-farm income See the Partner’s Instructions 15. Credits A Low-income housing credit (section 42(j)(5)) from pre-2008 buildings See the Partner’s Instructions B Low-income housing credit (other) from pre-2008 buildings C Low-income housing credit (section 42(j)(5)) from post-2007 buildings D Low-income housing credit (other) from post-2007 buildings E Qualified rehabilitation expenditures (rental real estate) F Other rental real estate credits G Other rental credits H Undistributed capital gains credit Form 1040, line 73, box a I Biofuel producer credit See the Partner’s Instructions J Work opportunity credit K Disabled access credit

Option One: You are a consultant with 10 years experience in the health care insurance industry. A group of 20 doctors is considering forming a new medical group. The group has asked you to prepare a report on whether it should build a facility within 30 miles of the downtown center of a city with a population of 500,000 for $100 million dollars. Prepare a report for the management team of the doctor’s group on your proposed $100 million expenditure plan. In your report, reflect on the key course objectives as well as the financial, legal, and alternative health care models. In addition, reinforce your knowledge of strategic planning and capital budgeting by using an electronic spreadsheet to display the financials.

• Option Two: You are a chief operating officer. The board of directors of your organization has requested that you prepare a summary of the issues involved with a 50 million dollar expansion. Due to local politics and uncertain national medical care policies, national officials may have to scale the expansion back to 25 million or risk not being elected. Prepare a presentation for the management team of the doctor’s group on your proposed 25 to 50 million dollar expenditure plan using Powerpoint. In your presentation, reflect on the key course objectives as well as the financial, legal, and alternative health care models. In addition, reinforce your knowledge of strategic planning and capital budgeting by using an electronic spreadsheet to display the financials.
• Option Three: You are a chief operating officer at a for-profit insurance company. A board of directors has requested that you prepare a summary of the issues involved with a potential 40% reduction in U. S. medical insurance reimbursement. Prepare a report for the board of directors on how to address the proposed funding cuts while remaining sensitive to the needs and health of the community and your patients. In your report, reflect on the key course objectives as well as the financial, legal, and alternative health care models. In addition, reinforce your knowledge of strategic planning and capital budgeting. by using an electronic spreadsheet to display the financials.
• Option Four: You are a chief administrative officer for a large nonprofit health relief organization. A board of directors has requested that you prepare a summary of the issues and how to solve the health needs of an African country. Your organization has limited funding and will need to obtain subsidized medicine from major pharmaceutical companies. Your organization also has the opportunity to get non-generic, non-USDA approved, alternative stem cell derived medication from foreign sources. Prepare a report for the board of directors on how to address the proposed funding limitations while remaining sensitive to the needs and health of the African nation. Consider the various economic, political, moral, and health impacts for the United States citizens who may have some of the health medication diverted to the African nation. In your report, reflect on the key course objectives as well as the financial, legal, and alternative health care models. In addition, reinforce your knowledge of strategic planning and capital budgeting by using an electronic spreadsheet to display the financials.
• Option Five: You are a public official elected at the local city level who serves a population of 50,000 to 250,000 people. A budget of 10 million dollars has been allocated to you by the city manager, and you can get up to 100% of this amount in matching federal funds if you meet the federal standards. You have been asked by the mayor to determine how to allocate the budget to best support the needs of the city. These could include, but not be limited to, supporting capital requirements, operational requirements, and subsidizing nonprofit organizations or using economic incentives to bring new private concerns into the city. Prepare a report for the mayor and city council on your proposed expenditure plan. In your report, reflect on the key course objectives as well as the financial, legal, and alternative health care models. In addition, reinforce your knowledge of strategic planning and capital budgeting by using an electronic spreadsheet to display the financials.

The Book Report is due in Module/Week 5. You are encouraged to select a book and begin reading it early in the course. The book you choose must be written about children by a professional in the field of child development (examples of professionals are doctors, educators, pediatric nurses, psychiatrists, psychologists, and social workers) and must be between 250–300 pages. Write a well-focused Book Report discussing the child development issues/ideas addressed in your chosen book. Your paper must include 4–5 pages of text as well as a title page and a references page. The title page, the body of the paper, and the references page must all be formatted according to current APA style as outlined in the APA Manual. In your report, include the number of pages in your chosen book. The Grading Rubric for this assignment provides the specific requirements and expectations for the assignment. Review it before submitting your paper.

Book Report Clarifications/Helps:

Also, as you know, the book report is due this week.  If you have not already reviewed your grade with the feedback on the article critique, please do so. Using the feedback from that assignment should be very helpful to you in writing the book review, since the assignments are – in many ways – very similar.

Please remember that the assignment for the Book Report is to submit a report on the book that you chose to read. Rather than presenting a research paper on the subject of the book that you read – with occasional citations to the book (with or without additional citations to other sources) – or a summary of someone else’s review entirely, you should submit a book report on the particular book that you read specifically. Thus, while you might summarize the information presented in your book as part of your report, you should consistently keep your writing focused as a report of the particular book that you chose for reading (not a paper on the general subject/topic of your book). Using phrases such as, “The author approached the topic of…,” “Then the author moved to discussing the subject of…”, and “The book was organized into chapters by…” will help keep your report focused on the book, rather than the subject of the book.

Using a Book Report outline might help you organize your thoughts and writing as you approach the assignment.  The general components of a Book Report will include an introduction, a summary of the book, an evaluation, and a conclusion.

In the introductory paragraph, you will want to include the basic information about the book, including title, author, publisher, year of publishing, and number of pages.  It should also include a thesis-type statement where you state the main conclusion of your Report.  [i.e., Your main point might be that you really learned a lot from the book, because it was organized so clearly, and it included research-based information from professional literature that was cited.]

In the main body of the Report, you will explain what the book is about. You will include a summary of the author’s main points, ideas, factual assertions, and even opinion-based arguments.  You might even use the headings of the chapters to help organize how you present the author’s main ideas.

In the personal evaluation portion, you can describe what you believe to be the strengths and weaknesses of the book along with what you learned and whether you would recommend it to others.

Your concluding paragraph should reiterate the main subject of the book along with the author’s main guiding points or conclusions. It should also briefly summarize your overall perspective of the book and your thesis statement from the introductory paragraph.

The body should be 3 – 4 full pages, so with the title page, body, and reference page, you will end up with 6 – 7 pages.

All consumers and firms affect sustainability in different ways, either directly or indirectly. In practicing sustainability, a firm could create value for consumers, investors, and other stakeholders, such as the community in which the firm operates within its value chain. In addition, a firm engaging in good sustainable practices can fulfill the needs of its customers, earn a profit, and preserve the environment. This assignment will allow you, as a consumer, to explore how you can impact sustainability.

Tasks:

Propose a substantial investment plan to improve the performance of your work group or organization or an organization you hope to work for. The investment can be made in human resources, in expansion of tangible or intangible assets toward new uses, or in capital equipment or new technology.

Analyze how the investment plan achieves the following:

• Contributes to the mission of the company
• Expands rewards for all major components of the value chain, which should include the company, employees, suppliers, and customers
• Generates wealth or value and is sustainable over time
• Evaluates and anticipates risks associated with the investment

Organize your work to create a 2- to 3-page professional memo in a Microsoft Word document outlining your investment plan to the director and an 8- to 10-slide Microsoft PowerPoint presentation script with complete endnotes explaining your recommendations to employees in your work group. Follow APA standards for citation of sources.

Please write 3-4 pages of analysis on the film( boys in the hood). NO SUMMARY of the film is needed (or wanted). We want your analysis of the film on these issues

1) Importance of Education

2) Importance of role model or friendship in urban slums

3) Gun violence

. Be sure to write a very succinct paper with intro, body, and conclusion.

Here’s a paper structure hint that you may find helpful:

1. the assues provided are the issues you are going to analyze for the movie.
2. the issues provided gonna support your position.
3. In your intro paragraph, clearly state your position (identified in #1) and briefly mention your supporting statements (#2).
4. Each paragraph after your intro should be dedicated to explaining ONE of your supporting statements. You may use specific examples from the movie to provide further support and evidence.
5. Write a concluding paragraph that essentially wraps up your position, and ideally provides sheds sort of new light based on the arguments provided in the body of the paper.

Arrowhead Mills (The Hain Celestial Group). The solid reputation of your consulting firm is paying off. An important client, The Hain Celestial Group has asked your firm to undertake a McKinsey style (sequential) value chain analysis that highlights the flow of activities in the breakfast cereal industry. Please identify the key activities (minimum of eight) and offer a very brief description of each. Identify where your company fits on the value chain, and where its major competitors fit. Also please identify some of the other companies (suppliers, customers, etc.) that participate in activities in the value chain. Please offer commentary as to whether there is evidence that some value chain components are growing or contracting. Finally, the client is asking for a brief note on some of the common risks faced by your company and its key competitors in this industry. Please offer five key risks. Please reference online information sources appropriately using endnotes. Please end the analysis with a discussion regarding implications. In other words, after gathering the data, so what? What does it mean?

Requirement：
Assignments will be to respond to the specific questions. These are described further on in this course outline. Each assignment shall be limited to three single spaced pages plus diagrams and appendices. A paper version or hard copy of the assignment shall be handed at the start of class which it is due. Please use APA style when citing and referencing information.

You have been hired by Nobody State University (NSU) as a consultant to help the university with how to increase their total revenue. The university has been struggling in recent years, so they have hired you to help them in their last attempt to find an appropriate solution so that the university can survive.

Raise or Lower Tuition? Suppose that, in an attempt to raise more revenue, Nobody State University increases its tuition.

• Assess a raise in tuition and if it will necessarily result in more revenue.
• Describe the conditions under which revenue will (a) rise, (b) fall, or (c) remain the same.
• Explain the process of revenue at NSU, focusing on the relationship between the increased revenue from students enrolling at NSU despite the higher tuition and the lost revenue from possible lower enrollment.
• If the true price elasticity were (-1.2), discuss what you would suggest the university do to expand revenue.
• Using what you have learned in this course, explain how you would resolve this problem if you were the President of NSU.

In a three- to five-page paper (not including title and reference pages), provide subheadings or separate paragraphs for each of the questions listed to help focus your paper for the executives that have requested it. Support your paper with at least two academic sources from the Ashford Library.

• First, identify a country to research (select one which you do not reside). Provide a brief statistical overview of the country you selected, including population, gross national income per capita, total expenditure on health, and the probability of dying in varying age groups.
• Second, determine what the three (3) top causes of death in that country are.
• Finally, research and answer the following questions, providing support for your answers:
  • How do the causes of death in that country deteriorate one’s health?
  • What are the risk factors in the country that cause the population to most likely die from these causes?
  • Has the country had any recent outbreaks (ie. Swine Flu)?
  • What is the life expectancy of individuals in that country?
• Provide citations and references for your material in APA style.