Accounting and Computers and Computing Class Business Law

COMPUTERS AND COMPUTING, ACCOUNTING II, BUSINESS LAW

1A

The main advantage of the media websites is that it allows for quick dispersal of information and exchange of ideas through a diverse range of people from various cultures allowing for intercultural exchange. They also allow for direct connections with the audience, which may include friends or business partners. The main risk associated with these is social security. The accounts may be hacked, leaving one’s information unprotected.

2A

The main factors include the asset’s cost and the estimated salvage value, the residual value expected to be recovered. The most important is the asset cost since it has a close relationship with the depreciation method to be used and reflects the economic circumstances of the operations. Another factor is the estimated usefulness of the asset in question. This is the period a company still plans on using the asset. Lastly, the asset’s obsolescence is considered to determine the asset’s useful life (Ibarra, 2013).

2B

Discussion 2B has laid out the factors considered when choosing the depreciation method, which is four as outlined by my response. It, however, doesn’t exactly mention the most important factor out of the four, which is the asset cost. Also, the factors are not explained in detail.

2C

Discussion 2C has failed to outline the factors that determine the depreciation method used by a company. Instead, it lays out what seems to be the process of selecting a depreciation method (Ibarra, 2013), which might also be useful in a different context.

3A.

The first step is calculating the average pretax earnings for the last three years, then the average end-of-year tangible assets for the last three years. Next, the ROA of the company is calculated, followed by the average industry’s ROA for the same period. The fifth step involves determining the excess ROA by multiplying the answer from step two and the industry’s ROA average. The excess return is then subtracted from the pretax earnings. The corporate tax rate is then calculated and multiplied by the excess returns then deducted from the excess return. The final step is to find the NPV of the excess return after-tax, finally obtaining the CIV.

3B

This part of the discussion explains the concepts related to the cost of intangible assets in detail. Still, it doesn’t exactly establish how the coat of the intangible assets is determined using the relevant computations. Either way, the concepts related to intangible asset cost have been explained in detail.

3C

The content has covered some very important concepts related to the cost of intangible assets, including the definition, which is very key. This discussion goes ahead to bring out the best way of calculating the amortization of intangible goods, using the straight-line. It provides examples that include a product’s pre-paid expenses.

4A

Individuals with complete and extensive experience in the industry should head the regulatory agencies, especially those being dealt with by a particular agency. This will help to identify any arising issues or loopholes that may be causes of genuine concerns. For instance, the individuals are already acquainted with the job’s necessities because they have undergone expert training in the relevant field. Their insight is not comparable to that of individuals without expertise in the field.

4B

I agree with the opinion posed by this discussion that it’s more advantageous to have people who have had training and experience within a particular industry work in the same industry. As explained by the discussion, they know the industry better and therefore have a higher chance of affecting positive and practical changes.

4C

This discussion also brings forth an idea that seemingly agrees with that in part B and my opinion. All agree that it is beneficial to have people with expertise and training in a particular industry since they know everything, including policies that could affect the industry. This discussion brings additional points on the importance of ensuring the individuals are properly vetted to avoid any potential issues.

5A

I don’t believe that most of these cases have passed the reasonable person doctrine. Every individual in each field is responsible for doing right in whatever field they are in, and should anything happen, everyone should be accountable for their actions. I also think this is the right direction to improve individual accountability. An example is a case of negligence inpatient care by doctors. Health workers should be accountable for cases of misdiagnoses and such.

5B

I agree with this part of the discussion that everyone should be held accountable for their actions. The cases of negligence being on the rise in the courts of law also show the country is moving in the right direction and will help increase accountability and eventually reduce such cases in the future.

5C

This discussion is of a different opinion that people should not always be judged based on the reasonable person doctrine. The discussion argues that some cases are of genuine mistakes and not negligence. I believe that even if it’s a case of a genuine mistake, the person should be sensible or responsible enough to take accountability for a common understanding of the difficulties associated with the development of a com

2B

The current liabilities are related to current assets since they facilitate the operations and liquidity of the organization. Other areas where the current liabilities are linked to current assets are in their classification as intangible assets. Intangible assets generate value that facilitates or enhances the realization of the organization’s mission.

2C

Yes, the accounts payables fall under current liabilities that limit dates within the financial cycle since they are recurrent in the operations. Therefore, the payment of the account’s payables on their due dates facilitates a functional operating cycle and working relationships with stakeholders in the firm’s value chain.