Business & Finance - 23 October 2007

Can someone fill me in on the 1099 form? I am so lost. Does my employeer give me some kind of form? when do i file? What do i need to know? This is my first job working with the 1099 and I am so lost. Any information you have will help. Thanks. Oh also do i file my wages and expenses or just the wages? See I am soooo lost.

2007-10-23 07:21:41 · 3 answers · asked by stacydeets 2 in United States

Are they legit?

Does it damage your credit to go through these guys since they lower your credit card debt and your insterest rates? And accumulatet them into one payment?

I would think it would because it shows you need help....

Has anyone gone through one of these non profits?

Thanx

2007-10-23 07:18:54 · 6 answers · asked by Anonymous in Credit

Scenario: Medical tech inc. a public company w/ sales last yr over 700 mill., produces a wide variety of advanced med equipment, both stock items and custom equipment. They sell to both docs and hospitals.
By the end of 3rd quarter of 2007, it was clear to Ed Walters (chief oper. Officer) and Robin Smith (CFO) that the company was short of annual earnings target set by BOD. Ed and robin receive annual bonuses based on meeting that target. Although in recent yrs the bonuses averaged 40% of their total compensation, it was clear there would be no bonus this yr if business didn’t improve markedly in the 4th quarter. They devised the following strategy.
Ed sugguested they take unprecedented step of offering 25% discount on all products ordered in oct and nov for dec delivery. Robin agreed that would boost sales in 4th quarter. However, it would come at the expense of first quarter sales in 2008 and total sales for 2 quarters were likely to be unchanged. However, since their bonuses for this yr will be based on 2007 earnings, they decided to take the action.
Robin suggested another action, “increase production of our stock items in the 4th quarter. With the high priced production equipment, we have high fixed production costs. The more items we produce, the more of the fixed costs will be deferred in inventory.”
Ed agreed to get marketing working on sales promotion and Robin would update the production schedule to increase fourth quarter output. Ed concluded the discussion with the comment that, “this might be our best bonus ever!”

Discuss both ethical and accounting issues considering 1. since the bonuses are based on earnings what are the issues involved w/ implementing the discount, 2. what are the implications of the actions for the company’s long term success, 3. is robin correct in asserting that increasing the inventory will increase net income and why 4. are the actions proposed by Ed and Robin ethical or unethical and explain why?

2007-10-23 07:12:28 · 3 answers · asked by Anonymous in Other - Business & Finance

2007-10-23 07:10:34 · 1 answers · asked by IndyanyJonz 2 in Investing

I just asked the secretary of our accountant that prepared our 2006 Tax Returns if he had a copy of our taxes, becasue we didnt have them for some reason and she said it she wasnt sure if I could have them because that would be a very "Complicated sensitive process." and she would have to get back to me. Is this true?

2007-10-23 07:06:16 · 9 answers · asked by A little Southern Comfort 5 in United States

I borrowed $400,000 in 2006 when my condo was "appraised" for $560,000. The loan balance is currently $405,000, plus I have two more years before a $14,000 preppayment penalty is waived. My carrying costs are too high to continue. Do I have any legal recourse against the lender for "over-apprasing" the value. My condo is now on the market 120 days and I have no buyer despite my asking price being lowered to $450,000

2007-10-23 07:05:07 · 14 answers · asked by Depressed in Connecticut 1 in Renting & Real Estate

Basically the paperwork for my termination didn't get to the payroll people until too late so I was paid for 2 weeks or work I wasn't there to do. Do I legally have to give the money back? The payroll was a little confusing where I worked so I just figured I'd made a mistake. ( Some places delay your payment 2 weeks, I thought this was the case)

2007-10-23 07:03:17 · 3 answers · asked by supernickdude 1 in Small Business

I have been saving $200/weekly for a new car (I have one thats working fine now, im looking to get a Totoyta Prius next year sometime).

I have $1,000 saved up already...and go figure our washer & dryer went. We found the pair we like (Whirlpool Duets) and the total cost is going to be about $1,800.

So i'm kind of stuck in a dilema. I'm really proud of myself for saving up the money.. and right now i have one of two options:

1) I can use $1,000 cash as a payment. Then the remaining $800 will be split up ($400 on my credit card, $400 on my fiances, each with 18% APR *which we can actually pay off within a month or two)

OR

2) Use credit cards only, $500 on my fiances and about $1,000 on mine *we have SOME cash to put towards this*

Do i sacrafice what i've saved for a new car and get the washer & dryer to keep what i put on my credit cards low? Or do i use my credit cards, because i worked so hard to save up the CAR money (NOT washer & dryer money haha).

THANKS.

2007-10-23 07:03:06 · 13 answers · asked by Anonymous in Credit

So I got my first job a few weeks ago, and I got my paycheck and now I want to spend my money. :)

I'm mainly talking about when you go to checkout, they give you this little machine that you input numbers/card in... can someone tell me the procedure for this whole thing is?

2007-10-23 07:00:41 · 3 answers · asked by Anonymous in Other - Business & Finance

I have complained and complained and complained to no avail. Are there any laws or anybody got an suggestions?

2007-10-23 06:58:32 · 15 answers · asked by Changsmom 1 in Renting & Real Estate

My credit scores before I purchased my home were 620,650 and 570. At this rate I believe I should've had a better rate than what I got. I'm 100 percent sure that my broker got over on me because his fee is not stated on my HUD form.

2007-10-23 06:54:14 · 7 answers · asked by Neenah 3 in Renting & Real Estate

Our rent is do on the 1st of november. My husband lost his job and just now got another one at this other place. He started on Monday for his training, but we have NO money at all whatsoever. I'm trying to sell stuff, but we really have nothing to sell. we also have a 5 week old little girl, I don't want to winde up living with someone. We've paid our rent on time every other month, I just don't want our rental history to get messed up. Any ideas on what we could do?

2007-10-23 06:48:24 · 18 answers · asked by Aneres 3 in Renting & Real Estate

We bought the house together, title is under both of our name (single man and single woman). But her credit is much better than mine so the mortgage was sole under her name. We both pay the mortgage together (with our join account). My question is, will I be able to claim the mortgage interest for my tax deduction? how about property tax? It is very important since we both work and our real estate agent told us that we both can claim it. However, I am not sure if we can trust our agent with that information. Please help~ Thanks

2007-10-23 06:44:20 · 4 answers · asked by bchen521 2 in United States

at a restaurant or movie theatre right now without my diploma, but, i will be getting it in december. Im 18.
Like in the interview when they ask if i graduated what do i tell them?

2007-10-23 06:43:28 · 13 answers · asked by Anonymous in Other - Careers & Employment

We bought the house together, title is under both of our name (single man and single woman). But her credit is much better than mine so the mortgage was sole under her name. We both pay the mortgage together (with our join account). My question is, will I be able to claim the mortgage interest for my tax deduction? how about property tax? It is very important since we both work and our real estate agent told us that we both can claim it. However, I am not sure if we can trust our agent with that information. Please help~ Thanks

2007-10-23 06:43:00 · 3 answers · asked by bchen521 2 in Renting & Real Estate

2007-10-23 06:42:32 · 6 answers · asked by Anonymous in Renting & Real Estate

This isnt your average ecommerce site, and I caanot learn how to build one like this. I will need an internet publishing copany to build it, but Im scared to tell of my idea afraid that it'll be stolen. Is there a way to protect my ideas althought as of now I cannot start it up? Also, is there a way, if my idea is protected, to easily allow others to invest in it?

2007-10-23 06:37:41 · 2 answers · asked by kham83 1 in Corporations

This isnt your average ecommerce site, and I caanot learn how to build one like this. I will need an internet publishing copany to build it, but Im scared to tell of my idea afraid that it'll be stolen. Is there a way to protect my ideas althought as of now I cannot start it up? Also, is there a way, if my idea is protected, to easily allow others to invest in it?

2007-10-23 06:37:33 · 3 answers · asked by kham83 1 in Small Business

2007-10-23 06:37:28 · 4 answers · asked by stposterboy11 1 in Renting & Real Estate

This is a portion of the email that was sent to me.
"I understand that you are currently in the job market. Let me tell you about a job search tool that will put your resume directly in front of employers, corporate hiring managers and recruiters.

Go to www.resumespider.com and click on the big red Run Search Now button then select your categories and click Get Results. You will see your actual list of employers, corporate hiring managers and recruiters that have asked to receive resumes with your skills."

2007-10-23 06:36:33 · 1 answers · asked by speedi383 1 in Other - Careers & Employment

I live in Denver, Colorado. My husband and I own a condo that has depreciated in value nearly 30% since we purchased it 5 years ago. That said, we would not be able to sell it today without coming to the table with tens of thousands of dollars just to get out from under. However, we are ready to start a family and need a bigger place. We considered renting out the condo for a few years until we could sell it, but we were told by the HOA that the 25% rental restriction has been reached (only 25% of the units are allowed to be rentals, per the HOA declarations). My question is, what would be the implications if we violated the HOA covenant and rented out our condo anyway, despite being over the maximum restriction? Just how powerful are HOAs? Are we looking at fines? Having to kick out the renters? Thanks for your answers.

2007-10-23 06:22:45 · 8 answers · asked by slovesn 1 in Renting & Real Estate

The Amazon is overrun with agriculture to produce Soy, and now the world needs alternative fuels. Is there ever a silver bullet?

http://news.mongabay.com/2007/0516-ethanol_amazon.html

2007-10-23 06:22:38 · 2 answers · asked by Stereotypemebecauseyouknow 7 in Corporations

2007-10-23 06:22:34 · 3 answers · asked by Julissa H 2 in Credit

2007-10-23 06:19:52 · 2 answers · asked by popee1212 2 in United States

2007-10-23 06:15:15 · 11 answers · asked by lakafan2 2 in Renting & Real Estate

Why is the discussion of sexual orientation important in medical transactions?

2007-10-23 06:12:02 · 6 answers · asked by Barbie G 1 in Health Care

I have 3 credit cards that I am trying to pay off

I have 2 credit cards in the $2,000 range
I have 1 in the $500 range

Would you try to pay down the lowest or the highest debt first
I am tempted to pay the lowest first just because it'll be eliminated faster but I'm not sure if that's the wisest choice.

I pay $77 dollars a month to the $2000 credit cards
and I pay $20 to the $500 credit card. I have an extra $80.00 that I could be putting towards a creditor each month. The interest rate on the $2000 is about 10% and the %500 is I think about 8%.

With that said any suggestions

2007-10-23 06:11:35 · 8 answers · asked by K.C. 5 in Credit

If so, is there anything I can do to stop these companies from sending them?

2007-10-23 06:09:05 · 6 answers · asked by ♥Infatuation 3 in Credit

Can you include in the mortgage your rent ( from your apt.) for the year so that you can break your lease and purchase a home?

2007-10-23 06:03:43 · 6 answers · asked by Terri24 1 in Renting & Real Estate

I am needing money for Christmas. I can get a table for $20 a weekend at a huge indoor flea market here is San Antonio. I am thinking of making small aromatherapy pillows made of buckwheat and lavendar that you can freeze or microwave (heat is my favorite) to help with aches and pains. They would cost about $3 a piece to make and I would sell for $8.
I also thought about reed diffusers. They are the "latest thing" in making a room smell really well without the fire of a candle. It would cost about $5 to make and I would sell for $12.
What do you think?

2007-10-23 06:03:21 · 19 answers · asked by jennsntexas 2 in Small Business