Assignment Prompt & Instructions
[>Accounting homework help](https://www.sweetstudy.com/fields/business-finance-accounting)
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– ## week1jameldocument.docx
**## week1jameldocument.docx**
**I need you to make sure that this paper is not AI detected nor plagiarized. I used some of the information from AI programs, so I just need you to make sure that it is free from plagiarism and AI. Can you please send the plagiarism report with this too. Thanks**
**Week 1 2025 homework**
1. What are the three forms of business generally encountered in the US? What are the main defining characteristics of each? Corporation, Partnership, and Sole Proprietorship.
In a Sole Proprietorship business, the business is owned by a single individual while in a Partnership, its owned by 2 or more. Under a Partnership, proprietors share profits, along with liabilities, which has the potential to be bad if one partner makes poor decisions. A Corporation is separate from its owners, granting shareholders protection from the debts of the company.
2. What is the basic goal of a business?
The basic goal of a business is maximizing shareholder wealth. It involves increasing the business worth over time through improved stock prices, profits, and financial stability.
3. If someone asked you to describe finance, how would you describe it? How is it similar from accounting?
With finance, you’re managing money, where to spend, the best place to invest, and what will scale your business or help you make the most money as an individual. On the flip side, accounting is concerned with the recording and tracking of financial transactions, compliance with the law and preparation of financial statements. Both finance and accounting work with money, but accounting is more historical in nature, whereas finance is more about future actions.
4. What type of company is often described as a combination of a partnership and a corporation.
A Limited Liability Company
5. Which position generally leads the financial function in an organization?
The CFO typically manages financial processes for a company.
6. Within the financial function of an organization, which office generally is responsible for managing the firm’s cash and credit, its financial planning, and its capital expenditures.
The Treasurer’s Office
7. Within the financial function of an organization, which office is generally responsible for handling cost and financial accounting, tax payments, and management in formation systems.
The Controller's Office
8. What is known as a potential future negative impact to value and/or cash flows, and is also often discussed in terms of the probability of loss and the expected magnitude of the loss.
Risk can mean the chance of financial loss, or the range of outcomes for expected returns
Fill in the blank questions 9 – 13
9. The arenas through which funds flow are known as
____ Financial markets________.
10. _
Double taxation______ is a situation in which two taxes must be paid on the same income.
11. The ______
Board of Directors____ is a group of directors elected by stockholders to oversee the
management in a corporation.
12. _____
International finance the use of finance theory in a global business environment.
13.
_________ Investment banks________ and ___
financial intermediaries are the organizations that facilitate the flow of capital between investors and companies.
14. The Internet company Google managed to avoid $2 billion in international income taxes in 2011 by moving a hefty sum of its revenues to subsidiaries in Bermuda, according to CNBC, which cited a report by Bloomberg.
[[1]](https://app.grammarly.com/ddocs/2775093054) The search giant reportedly stashed $9.8 billion in revenues to its shell company in Bermuda — which doesn't have a corporate income tax — last year allowing the company to shave its overall tax rate by almost 50 percent. Google's Bermuda move was disclosed in a Nov. 21 filing by a subsidiary in the Netherlands. While the company's move to shift funds to the country was legal, it could spur the growing global criticism of corporate tax avoidance. What do you think? Is Google’s action ethical? Why or why not?
Tax avoidance. Google employed tax havens to reduce its taxes by moving profits to subsidiaries in Bermuda, which has no corporation income tax. Although legal, such moves can raise ethical and regulatory questions.
15. How would you state the basic goal of a non-profit firm?
The basic goal non-profit organization is to fulfill a social, educational, charitable or community service mission, as opposed to increasing profits for owners or shareholders. Excess revenue gets reinvested into the aims of the organization as opposed to being distributed as profit.
16.Explain and provide an example of how a company can generate lots of profits, but still go out of business because they don’t have any cash.
Even if a company makes massive profits, they can go out of business without cash flow to meet immediate needs. This can occur when the same company makes a lot of sales on credit but does not get repayments in time to pay for things like payroll, rent, or payments to suppliers. A retail company, for example, might sell millions of dollars worth of product, but most of that business may be done on delayed payment terms. If customers delay payments, the company may have no cash left to meet its operating costs and may even go bankrupt despite earning stellar profits on paper.
BUSN:
a.
Brief description of the company. Netflix is the world’s leading subscription service for watching TV episodes and movies. Members can stream as much as they want, whenever they want, at home or on-the-go, and watch without commercials. It is the largest global subscription service in the world with over 300M members across 190 countries, making it the best, most popular place to watch shows and movies. Members can watch as much as they want, whenever they want, on any internet-connected screen, and they can alter their plans at any time. They have both original and licensed content, and it’s a subscription based in home media service.
b.
Company history. Netflix, which Reed Hastings and Marc Randolph founded in 1997 in Scotts Valley, Calif., began as a rental by mail service for DVDs. The company added streaming services in 2007, which enabled members to watch content online instantly. It rolled out its original programming, “House of Cards,” in 2013, its first venture into content creation. Over the years, its growth has been propelled by strategic expansions into international markets, aggressive investments in original content and the development of an easy-to-use platform.
c.
Organization. Netflix’s leadership in 2025 includes co-CEOs Ted Sarandos and Greg Peters, and Reed Hastings as Executive Chairman. The organization is flat in nature, where there are no strict hierarchies, but a combination of freedom and responsibility which encourages innovation and faster resolutions to problems. The available sources do not provide a detailed organizational chart, but Netflix’s culture insists on a great deal of autonomy in teams.
d.
Main products and services. Netflix’s main business is its streaming platform, which gives users access to a massive inventory of TV series, films, documentaries and games. It profits from the subscription fees and has several plans, including ad-supported and premium plans. The ad-supported choice has made recent headway, notably with the company revealing that it now accounts for over 55% of new sign-ups in locations where it's made available. Homegrown titles with massive broad appeal, like “Squid Game,” and unduplicated live events, like N.F.L. games, have been a big factor in subscriber growth.
e.
Geographic area of operations. Netflix has a global presence, which includes members in over 190 countries. Its streaming service is offered worldwide with the exception of specific areas including China, North Korea, Syria, and Crimea, for regulatory reasons.
f.
Recent developments. List recent major news stories, if any. None currently.
**## week1jameldocument.docx**
**I need you to make sure that this paper is not AI detected nor plagiarized. I used some of the information from AI programs, so I just need you to make sure that it is free from plagiarism and AI. Can you please send the plagiarism report with this too. Thanks**
**Week 1 2025 homework**
1. What are the three forms of business generally encountered in the US? What are the main defining characteristics of each? Corporation, Partnership, and Sole Proprietorship.
In a Sole Proprietorship business, the business is owned by a single individual while in a Partnership, its owned by 2 or more. Under a Partnership, proprietors share profits, along with liabilities, which has the potential to be bad if one partner makes poor decisions. A Corporation is separate from its owners, granting shareholders protection from the debts of the company.
2. What is the basic goal of a business?
The basic goal of a business is maximizing shareholder wealth. It involves increasing the business worth over time through improved stock prices, profits, and financial stability.
3. If someone asked you to describe finance, how would you describe it? How is it similar from accounting?
With finance, you’re managing money, where to spend, the best place to invest, and what will scale your business or help you make the most money as an individual. On the flip side, accounting is concerned with the recording and tracking of financial transactions, compliance with the law and preparation of financial statements. Both finance and accounting work with money, but accounting is more historical in nature, whereas finance is more about future actions.
4. What type of company is often described as a combination of a partnership and a corporation.
A Limited Liability Company
5. Which position generally leads the financial function in an organization?
The CFO typically manages financial processes for a company.
6. Within the financial function of an organization, which office generally is responsible for managing the firm’s cash and credit, its financial planning, and its capital expenditures.
The Treasurer’s Office
7. Within the financial function of an organization, which office is generally responsible for handling cost and financial accounting, tax payments, and management in formation systems.
The Controller's Office
8. What is known as a potential future negative impact to value and/or cash flows, and is also often discussed in terms of the probability of loss and the expected magnitude of the loss.
Risk can mean the chance of financial loss, or the range of outcomes for expected returns
Fill in the blank questions 9 – 13
9. The arenas through which funds flow are known as
____ Financial markets________.
10. _
Double taxation______ is a situation in which two taxes must be paid on the same income.
11. The ______
Board of Directors____ is a group of directors elected by stockholders to oversee the
management in a corporation.
12. _____
International finance the use of finance theory in a global business environment.
13.
_________ Investment banks________ and ___
financial intermediaries are the organizations that facilitate the flow of capital between investors and companies.
14. The Internet company Google managed to avoid $2 billion in international income taxes in 2011 by moving a hefty sum of its revenues to subsidiaries in Bermuda, according to CNBC, which cited a report by Bloomberg.
[[1]](https://app.grammarly.com/ddocs/2775093054) The search giant reportedly stashed $9.8 billion in revenues to its shell company in Bermuda — which doesn't have a corporate income tax — last year allowing the company to shave its overall tax rate by almost 50 percent. Google's Bermuda move was disclosed in a Nov. 21 filing by a subsidiary in the Netherlands. While the company's move to shift funds to the country was legal, it could spur the growing global criticism of corporate tax avoidance. What do you think? Is Google’s action ethical? Why or why not?
Tax avoidance. Google employed tax havens to reduce its taxes by moving profits to subsidiaries in Bermuda, which has no corporation income tax. Although legal, such moves can raise ethical and regulatory questions.
15. How would you state the basic goal of a non-profit firm?
The basic goal non-profit organization is to fulfill a social, educational, charitable or community service mission, as opposed to increasing profits for owners or shareholders. Excess revenue gets reinvested into the aims of the organization as opposed to being distributed as profit.
16.Explain and provide an example of how a company can generate lots of profits, but still go out of business because they don’t have any cash.
Even if a company makes massive profits, they can go out of business without cash flow to meet immediate needs. This can occur when the same company makes a lot of sales on credit but does not get repayments in time to pay for things like payroll, rent, or payments to suppliers. A retail company, for example, might sell millions of dollars worth of product, but most of that business may be done on delayed payment terms. If customers delay payments, the company may have no cash left to meet its operating costs and may even go bankrupt despite earning stellar profits on paper.
BUSN:
a.
Brief description of the company. Netflix is the world’s leading subscription service for watching TV episodes and movies. Members can stream as much as they want, whenever they want, at home or on-the-go, and watch without commercials. It is the largest global subscription service in the world with over 300M members across 190 countries, making it the best, most popular place to watch shows and movies. Members can watch as much as they want, whenever they want, on any internet-connected screen, and they can alter their plans at any time. They have both original and licensed content, and it’s a subscription based in home media service.
b.
Company history. Netflix, which Reed Hastings and Marc Randolph founded in 1997 in Scotts Valley, Calif., began as a rental by mail service for DVDs. The company added streaming services in 2007, which enabled members to watch content online instantly. It rolled out its original programming, “House of Cards,” in 2013, its first venture into content creation. Over the years, its growth has been propelled by strategic expansions into international markets, aggressive investments in original content and the development of an easy-to-use platform.
c.
Organization. Netflix’s leadership in 2025 includes co-CEOs Ted Sarandos and Greg Peters, and Reed Hastings as Executive Chairman. The organization is flat in nature, where there are no strict hierarchies, but a combination of freedom and responsibility which encourages innovation and faster resolutions to problems. The available sources do not provide a detailed organizational chart, but Netflix’s culture insists on a great deal of autonomy in teams.
d.
Main products and services. Netflix’s main business is its streaming platform, which gives users access to a massive inventory of TV series, films, documentaries and games. It profits from the subscription fees and has several plans, including ad-supported and premium plans. The ad-supported choice has made recent headway, notably with the company revealing that it now accounts for over 55% of new sign-ups in locations where it's made available. Homegrown titles with massive broad appeal, like “Squid Game,” and unduplicated live events, like N.F.L. games, have been a big factor in subscriber growth.
e.
Geographic area of operations. Netflix has a global presence, which includes members in over 190 countries. Its streaming service is offered worldwide with the exception of specific areas including China, North Korea, Syria, and Crimea, for regulatory reasons.
f.
Recent developments. List recent major news stories, if any. None currently.