Operations Management McDonalds Supply Chain - 737 Words

McDonalds Supply Chain McDonalds is a global fast food chain which is known to exercise a great deal of control over the supply chain. The firm relies in a large number of different inputs which are principally products that are sold. The process is diverse, but highly controlled with a limited number of suppliers and the effective use of outsourcing to specialized firms. The process is all supported by complex information technology which makes demand forecasts of up to three months, to ensure that there are sufficient goods in the supply chain, without waste created through the over supply of perishable goods. The supply chain may be broken down into different layers. At the start of the supply chain there the initial sources of the input goods, for example, this will include arable and dairy farmers. These are referred to as tier 2 suppliers. In order to ensure that the supply meets the required criteria McDonald will often work with the tier 2 suppliers to improve output. This he lps to ensure quality and increased efficiency will help to ensure costs are controlled. In some cases the company may make loans or even take equity in upstream suppliers. A good example of supply chain collaboration was seen when the firm started operations in India. There were no local suppliers growing iceberg lettuces, the company worked with some supplier to create a year round supply, aiding with seeds, equipment and relevant agricultural knowledge. The tier 2 suppliers originateShow MoreRelatedMcdonalds Operations Management Essay1145 Words   |  5 Pagesand time in the operation management department of the business. This report will focus on the business, McDonald’s and what practices they have put in place to ensure that they are producing their products efficiently and sustainably. The business will also be compared and contrasted alongside the American fast-food restaurant chain famous for its fried chicken, providing recommendations on how McDonald’s co uld further improve their business in the area of waste and time management.  Business BackgroundRead MoreA Research Project On Mcdonalds Canada1513 Words   |  7 Pagesand value for every customer, every time†. (McDonald’s Canada, 2015). For McDonalds to achieve their mission statement they will have to create some internal strategies to help push for perfection. Strong training is one strategy that McDonald’s uses for overall success. McDonald’s has one of the Worlds best training with hands on skills development, teaching employees time management, teamwork, and customer service/ communication skills. McDonald’s ability to offer opportunity is another internalRead MoreMcDonalds Supply Chain Management1142 Words   |  5 PagesMcDonald’s Supply Chain Supply chain management, or SCM, is concerned with managing the inputs of goods or services for final users from acquiring the raw materials through the end of the product’s useful life. The inputs of goods or services include a wide variety of activities not only in a single department in a company but also from different departments and outside the company; they are cross-functional activities that contain increasingly complex networks supply chains in the businessRead MorePhysical Distribution and Logistics of Mcdonalds1182 Words   |  5 Pages A company the size of McDonalds requires the value chain to be increasingly important. Not only does McDonalds want to add value for the customers, but also the firm looks for ways to improve the operations that makes McDonalds a more efficient business .McDonalds is constantly striving to add value to the firm for their customers, and in doing so, the firm has created efficiency in getting the products to the customers quickly and as fresh as possible. McDonalds is constantly looking forRead MoreProduct Design Development and Product Lifecycle Analysis of McDonalds Corporation811 Words   |  3 PagesProduct Design, Development and Product Lifecycle Analysis of McDonalds Corporation McDonalds competes in one of the most mercurial and fast-changing industries there are, where product lifecycles must be aligned both to rapidly changing customers preferences and tastes. The inherent need for the McDonalds product strategy to stay relevant, topical and in demand for consumers also requires a highly integrated, real-time supply chain that can react quickly to changes in product strategy and theRead MoreThe Four Level Processes That Works850 Words   |  4 PagesProcesses: The four level processes that works in the Mc Donald’s are 1. Operations excellence: they have a specific way of making burgers, that a person cannot see and once it gets completed they put it in a certain shoot. These shoots only contain their runner products (runner products are the products who have high frequency and volume). Their runner products would be, chips, big mac, hamburger etc. the person behind shoot is taught in a very specific way so that they can produce X number of burgersRead More McDonalds in India Essay examples1083 Words   |  5 Pages McDonald’s Corporation, established in 1955, owns one of the world’s most well-known and valuable brands and holds a leading share in the global branded quick service restaurant segment. The Corporation has more than 30,000 restaurants in 119 countries serving 47 million customers each day. McDonald’s entered India in 1996 through joint ventures with two Indian entities, Hardcastle Restaurants Pvt. Ltd. and Connaught Plaza Restaurants Ltd .Hardcastle Restaurants Pvt. Ltd. owns and operates McDonald’sRead MoreThe Logistics Of Mcdonald s Supply Chain983 Words   |  4 Pagesinfluence on the amount of supply required from suppliers. Increase in demand results in increase of supplies to meet the required inventory. In addition, a decrease in demand will also require the inventory to be reduced. Hence, demand has a one way direction effect on the supply chain. The logistics of McDonald’s is divided into three phases just like in most other companies. Inbound logistics phase involves the activities that take place between the delivery of supplies and their storage. The nextRead MoreMarketing Plan For Mcdonalds Company1101 Words   |  5 PagesOffering more products or offering more complex products makes operations management more difficult in multiple ways. One way an operations manager’s job gets more difficult with complex product offerings is inventory becomes more difficult to manage. The more items you offer in your product line, the more suppliers you will need to supply you with the materials to produce the offerings. For example, the operations manager for McDonald’s currently might deal with a fish supplier for their fish-filetRead MoreFast Food Feast - Mcdonalds Versus Whataburger1643 Words   |  7 PagesFast Food Feast-McDonald’s versus Whataburger Student Name Course Date Instructor Fast Food Feast - McDonald’s versus Whataburger Operation and Supply chain management (OSCM) is one of the foundations that successful businesses count on to provide a competitive advantage within their industry. The goal of OSCM is to develop and maintain a system that effectively and efficiently manages the flow of raw material resources into useful end products for consumer use (Chase, 2006). In the

Movie Analysis Korean Horror Films - 1785 Words

Korean horror films are unique in that regardless of space and time many have Confucian ideals emphasizing family relationships embedded within their story. One of the most prominent qualities revealed through various KOFA screenings, which showcase prominent Korean films from various decades, is that many of the films hail their roots from Korean folklore and ghost stories. Korean horror did not truly develop until the 1960’s, although the first ghost story can be traced to 1924 with The Story of Jan-hwa and Hong-ryon. However, due to the Korean film industry’s evolution under Japanese occupation from 1910 to the end of the Second World War it is difficult to accurately document its development. Films during this period often contained propaganda in support of the Japanese government and artistic films were often blocked from production (Paquet, 8). It wasn’t until the industrialization and rapid Westernization of South Korea that the film industry reached its G olden Age. A Tale of Two Sisters produced during this time showcases the departure from the folktale based on new cultural or historical contexts affecting the original story’s portrayal. Particularly what influenced certain elements to endure in audience appeal and others to dissipate not only during cross-cultural adaptions but also across generations within the same culture? While the West was gaining success in the 1980’s with its Hollywood â€Å"slasher† films, the Korean horror period is often forgotten. It wasn’tShow MoreRelatedThe Act Of Killing By Joshua Oppenheimer1497 Words   |  6 PagesMovie productions produce an extensive range of exclusive films to engage the audience in their film-making process and creation. A customized amount of movies deliberately contain a theme of social unrest. The creation of such film is mainly accomplished by recreating the occurrence and presenting it in a similar perspective, making it available to their current or future audience. However, what are the motives filmmakers desiring to produce a reenactment film regarding social unrest and how doesRead MoreMovie Review : Falls Short Of Expectations 1407 Words   |  6 PagesWhen creating a movie about Neo-Nazis living in Los Angeles, one might expect there to be violence. Indeed, American History X; directed by Tony Kaye is a film just abo ut that subject and absolutely gives the viewers watching it an immense amount of violence. There have been critics like Peter Travers; movie critic from Rolling Stone Magazine, for instants, who have gone on to praise the film and even calling it â€Å"An explosive, scorched-earth drama.† They explain how the film was powerful and importantRead MoreReasons Why Filipinos Love Koreanovelas3837 Words   |  16 PagesKoreanovelas are a hit in the Philippines. Background of the Study Korean dramas have become popular throughout Asia and have contributed to the general phenomenon of the Korean wave or also Known as Hallyu (Eckersley, 2009). Asianovelas get the attention of the Filipinos since ABS CBN aired Meteor Garden in 2003. A year later, GMA 7 started to air Koreanovelas like Stairway to Heaven and Endless Love which gained the most popular Korean drama that time. On the other hand, ABS CBN aired Lovers in ParisRead MoreSacrifice And Saving Private Ryan4254 Words   |  18 Pagesworldwide gross is $481,840,909 with over half that just from the domestic US market alone. Not only was this film a financial success, it is also critically acclaimed. The film has won 79 awards; five of those are Oscars, and another 62 nominations for just about every category that there is to be nominated for. More recently Saving Private Ryan was awarded a place on the National Film Presentation Board in 2014. (IMDB) World War II has always fascinated me. Growing up, I used to watch The HistoryRead MoreA View from the Bridge: Story of a Brooklyn Longshoreman6101 Words   |  25 Pagesmovement trying to clean up the corruption on the Brooklyn waterfront: Out of it would come a movie script (never to be produced); a play, A View from the Bridge; and a trip to Hollywood, where I would meet an unknown young actress, Marilyn Monroe, and at the same time come into direct collision with the subterranean machine that enforced political blacklisting and the ideological disciplining of film writers, actors, and directors (149). Miller’s distillation of that period provides a convenientRead MoreProject Managment Case Studies214937 Words   |  860 Pagessituations, but keep in mind that the larger case studies, such as Convin Corporation and The Blue Spider Project, could have been listed under several topics. Several of the cases and situations have seed questions provided to assist the reader in the analysis of the case. An instructor s manual is available from John Wiley Sons, Inc., to faculty members who adopt the book for classroom use. Almost all of the case studies are factual. In most circumstances, the cases and situations have been taken fromRead MoreManagement Course: Mba−10 General Management215330 Words   |  862 Pagessetting their own pace), workers can be pushed to perform at higher levels—levels that they may have thought were beyond their reach. Charlie Chaplin captured this aspect of mass production in one of the opening scenes of his famous movie Modern Times (1936 ). In the ï ¬ lm, Chaplin caricatured a new factory employee ï ¬ ghting to work at the machine-imposed pace but losing the battle to the machine. Henry Ford also used the principles of scientiï ¬ c management to identify the tasks that each worker shouldRead MoreLogical Reasoning189930 Words   |  760 Pageslooking at alternative actions that can be taken, then considering the probable good consequences of each action and the probable bad consequences while weighing the positive and negative impact of each consequence. It’s a kind of cost-benefit analysis. Exercises 1. Columbus Day is an American holiday. Write a short essay that weighs the pros and cons and then comes to a decision about whether there should be more or less public celebration (by Americans and their institutions) on ColumbusRead MoreExploring Corporate Strategy - Case164366 Words   |  658 Pagesmain issues inï ¬â€šuencing the competitive position of a number of organisations in the same industry with a relatively short case. For a case that permits a more comprehensive industry analysis The Pharmaceutical Industry could be used. 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Jp MorganCo./ Chase Manhattan Bank Merger Free Essays

JP MorganCo. / Chase Manhattan Bank Merger 1. Introduction The combining of two or more companies, generally by offering the stockholders of one company securities in the acquiring company in exchange for the surrender of their stock. We will write a custom essay sample on Jp MorganCo./ Chase Manhattan Bank Merger or any similar topic only for you Order Now (referenca 1) Mergers are a common practice in the business world because they enable increased efficiency and market share. 2. History 2. 1. JP MorganCo. J. P. Morgan Co. , was founded in New York in 1871 as Drexel, Morgan Co. by J. Pierpont Morgan and Philadelphia banker Anthony Drexel. The firm made its first big splash in 1879 when it sold financier William Vanderbilt’s New York Central Railroad stock without driving down the share price. (referenca 4) During the late 19th century and early 20th century J. P. Morgan Co. financed a lot of engineering and innovative projects. Some examples funded by it are the Brooklyn Bridge and the Panama Canal construction. Besides these projects it was also present at the birth of aviation, providing banking services to the pioneering Wright brothers from the early years through their invention of the world’s first successful airplane. referenca 4)During the years of World War I r, J. P. Morgan Co. aided the British and French, arranging a $500 million loan r, J. P. Morgan Co. aided the British and French, arranging a $500 million loan. In 1959 Morgan merged with Guaranty Trust Co. (commercial and investment banking) to create Morgan Guaranty Trust Co. of New York, later forming a holding company that restored t he famous J. P. Morgan Co. name. (referenca 4) 2. 2. Chase Manhattan Bank Chase Manhattan Bank was formed in the year 1955 with the merger of Chase National Bank and the Bank of the Manhattan Company. referenca 2) In the 1970s, Chase added nearly 40 new branches, representative offices, affiliates, subsidiaries and joint ventures outside the United States. In 1973 Chase opened a representative office in Moscow, which was the first presence for a U. S. bank in the Soviet Union since the 1920s. It also became the first U. S. correspondent to the Bank of China since Chinese Revolution . (referenca 4) During the 1970s and 1980s the Chase Manhattan Bank was led by David Rockefeller, and it emerged as one of the largest and most prestigious banking concerns. It had leadership positions in syndicated lending, treasury and securities services, credit cards, mortgages, and retail financial services. (referenca3) The Chase Money Card was the first Visa debit card offered by a bank in New York. In 1985 Spectrum was launched, which is an electronic home banking service that not only permitted banking transactions but also allowed customers to buy and sell stocks through a discount broker affiliated with Chase. (referenca 4) Chase Manhattan Bank is the product of two megadeals that came earlier, its mergers with Manufacturers Hanover and Chemical. In 1991, Manufacturers Hanover Corp. erged with Chemical Banking Corp. , under the name of Chemical Banking Corp. , then the second-largest banking institution in the United States. (referenca5) Then in 1996 Thomas G. Labrecque merged the Chase Manhattan Bank with the Chemical Banking Corp. (referenca2) This merger created the largest bank holding company in the United States at that time, and it was prior to the merger with JP MorganCo. 3. JPMorgan Chase Co. On December 31 of year 2000 the two banks J. P. Morgan Co. and Chase Manhattan Bank united to create the name of J. P. Morgan Chase Co. keeping two of the most established names in U. S. banking. This merger created a financial services powerhouse and became a strong rival of firms such are Merrill Lynch, Goldman Sachs and Morgan Stanley Dean Witter. (refernca 6) Before the merger the CEO of the Chase Manhattan Bank was William Harrison, and of the J. P. Morgan Co. was Douglas Warner. After the creation of the combined company, J. P. Morgan Chase Co. the Chief Executive and president was assigned William Harrison while Douglas Warner was retained as a chairman. (referenca 7) The merger was approved by the Federal Reserve Board on December 11 and by the New York Banking Board on December 14, 2000. referenca 8)   Ã‚  In 1999, the two banks combined had net income of approximately $7. 5 billion and revenue of approximately $31 billion. With the settlement of the deal, valued $36 billion, it acquired $660 billion of assets. (referenca 6) Under the deal J. P. Morgan stockholders received 3. 7 shares of Chase. The newly created company is a financial holding company , a global financial services firm and a banking institution in the United States of America. It operates worldwide, in more than 60 countries to provide corporate banking solutions to clients. referenca 3) It is engaged in different kinds of activities such are in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. (referenca 9) After the merger of the year 2000 came more mergers and acquisitions of the Company with other institutions that would shape it to its final form. Below are listed some of the most important ones: * In 2004, Bank One Corp. merged with J. P. Morgan Chase Co. , keeping the name JPMorgan Chase Co. by uniting the investment and commercial banking skills of J. P. Morgan Chase with the consumer banking strengths of Bank One. (referenca 5) * In 2008, J. P. Morgan Chase Co. acquired The Bear Stearns Companies Inc. , strengthening its capabilities across a broad range of businesses, including prime brokerage, cash clearing and energy trading globally. (referenca 4) * In 2008,   J. P. Morgan Chase Co. paid $1. 9 billion to the F. D. I. C. to acquire all of WaMu’s assets, branches and deposits. With WaMu, J. P. Morgan had $905 billion in deposits and 5,400 branches nationwide, rivaling Bank of America in size and reach. (referenca 9) The major businesses of the J. P. Morgan are: * Investment Banking- The firm serves 8,000 clients in more than 60 countries. Clients include  corporations,  financial institutions, governments and  institutional investors. (referenca 10) It offers a full range of investment banking products and services in all major capital markets. * Card Services- The company has 94 million cards in circulation and $135 billion in managed loans. (referenca 10) They are distributed and designed to satisfy the needs individual consumers, small businesses and partner companies. * Retail Financial Services-It is formed to help consumers and businesses with their financial needs. This sector includes  consumer banking, small business banking, auto, education, insurance and home finance. * Commercial Banking-Serves its clients with activities like lending, treasury services, investment banking and asset management. (referenca 5) * Treasury Securities Services- Is one of the largest cash management providers in the world to support the CFOs, treasurers, issuers and  investors. (referenca 10) * Asset Management- A global leader in managing investments and wealth for its clients. References: 1. http://www. investopedia. com/terms/m/merger. asp#axzz2IEmsQoNR 2. http://www. ndb. com/company/684/000052528/ 3. http://en. wikipedia. org/wiki/JPMorgan_Chase#Controversies 4. http://www. jpmorganchase. com/corporate/About-JPMC/document/shorthistory. pdf 5. http://www. jpmorganchase. com/corporate/About-JPMC/jpmorgan-history. htm 6. http://www. forbes. com/2000/10/18/1016topdeals_2. html 7. http://cnnfn. cnn. com/2000/09/13/deals/chase_morgan/ 8. http://www. innercit ypress. org/jpmcmb1. html 9. http://topics. nytimes. com/top/news/business/companies/morgan_j_p_chase_and_company/index. html? offset=10s=newest 10. http://www. marketswiki. com/mwiki/JPMorgan_Chase_%26_Co. How to cite Jp MorganCo./ Chase Manhattan Bank Merger, Papers

Accounting and Taxation Income Statement

Question: Discuss about theAccounting and Taxationfor Income Statement. Answer: Attachment 1: As defined by various scholars, income statement is a part of annual accounting where the expenses are matched against the income to find out the bottom line of the company. During the preparation of accounting a cycle of the accounting practices are adopted. The accounting information is reflected in periodical basis. The major steps in preparing the accounting statement are as following; Analyzing of the information and recording transactions via journal entries Posting journal entries to ledger accounts Prepare unadjusted trial balance After preparing adjusting entries Adjusted trial balance has to be prepared Financial Statements has to be prepared Closing Temporary Accounts (Investopedia, 2016) The time limit for carrying on net capital loss is none and thus keeping all records of any capital loss is essential as the setoff can be done at any moment of time as there is no time barring. The important aspects of records types are Transfer or purchase receipts. Market valuation details. Details of Advertising cost, accountant, agent and legal person. Details of rates and taxes of land and insurance costs. Receipts of any transfer or purchase. Borrowed money details for the said assets purchase along with interest on such borrowings. The records must provide the flowing details Details of capital loss or capital gain calculation and the related event or transaction. The happening date. Transactions done by or details of parties. Type of incident or transaction. The basic motto to keep records is to guard all future requirements for saving an assesse from paying extra amount towards CGT. One good example is that a father has left a will for his son who gets some share in the will and plans to sale these shares. Now he needs all old records to determine the actual CGT to be calculated on this transaction. Tom Katzen Tax Computation Amount $ Amount $ Income from Salary 85,000 Income from Capital Gain 18,000 Total Income 103,000 Less: cost of a seminar 1,000 Depreciation of computers 700 Repairs of Equipment 560 Accounting Charge 540 Donation 300 3,100 Taxable income 99,900 Less: Discount from Capital Gain 9000 Less: Rebate on health insurance 357.2 Taxable Total Income 90,543 Tax on Total Income 21,447.84 Less: Total tax withheld 15,500 Tax Payable 5,947.84 There are significant factors which are crucial in calculation of the tax liability of Tom Katzen who is a resident. The income derived from the sources in Australia and outside Australia would be taxable. The person is also the owner of Sneak-a- Boo. The business is of selling new and second hand sneakers. As an individual he has earned some income in the Accounting Year 2015-2016. The income is taxable. In the income year 2015-2016 he earned salary of $85,000 and also capital gain of $18,000. Tom Katzen has also earned franked dividend of $7,000 which had $1,000 and franking credits allocated. The capital gain assessment is different issue. Some consideration has to be made before inclusion of the capital gain in taxable income head. Capital Gain Tax in Australia is more or less related to making Capital gain by selling ones home. The capital gain is exempted by 50% as per the Income Tax Assessment Act,1997 law in Australia but the law can be used for broader sense and usage also. The Principle Place of Residence or PPR is the qualifying requirement for getting Capital Gain Tax or CGT Exemption. A Capital gain or a capital loss is in short means that the amount that is realised on selling a capital asset and the amount thus received is the difference between the amount at which it was acquired and at which it was sold. The tax to be paid on such capital gain is called capital gain tax or CGT and it forms the part of income tax and thus assessed under Income Tax Assessment Act, 1997 (ATO, 2016). These records will help to determine the exact CGT calculation. Although assets purchased prior to 20th September, 1985 is fully exempted from CGT , there is an exception to this which is that if any adjustments or improvements or any additions are made after 20th Sept, 1985 then it may be taxable under CGT under ITAA, 1997. Hence it is very important to keep track of CGT assets as date plays an important role in its treatment (Pwc, 2013). The franking credit is the tax paid by the dividend paid by the Australian company to the Australian citizen is taxed under the system imputation. The tax paid by the company will be imputed towards the shareholders of the company. The tax paid by the company is attached as the franking credit with the dividend paid. The dividend received by the taxpayer is known as franking dividend. The important part of the calculation is to avoid franking credit and the franking dividend (Ato, 2016). Attachment 2: Part B As the definition of income statements suggest that all the incomes and the expenses are recorded and matched against each other. The revenues and other income are reduced by expenses. The expenses which are allowed to be matched against revenue should be business or business related expenses including raw materials or finished goods that are purchased to produce goods for sales. The heads of expenses are Salaries and Wages, Administrative expenses, Rent and Taxes and other expenses. In the Balance Sheet, the assets and liabilities are recorded. The target of the business is to understand the assets and the liabilities situation. The assets and the liabilities are recorded that reflect the financial status of the company (Accountingexplained.com, 2016). The income statement is the reflection of total income and of the total expenses. It helps to calculate the Sneak-a- Boo Statement of Income Amount $ Amount $ Cash Sales 315,000 Credit Sales 28,000 Insurance Proceeds 7,000 Insurance Proceeds: Storm 13,000 Bad Debts 1,000 Total Income 364,000 Payments Cost of Sales 192,000 Council rates - business 6,000 Legal expenses in relation to the bank loan 2,000 Entertainment of suppliers and large customers 1,660 Repairs after storm damage to windows and carpets 12,000 Staff wages 80,000 Superannuation for staff 7,600 Advertising 27,000 Other deductible expenditure 10,000 Motor Vehicle Expenses 12,850 Total Expenses 351,110 Profit Out of Business 12,890 Cost of Sales Opening Stock 16,000 Add: Purchase 195,000 Less: Closing Stock 19,000 Cost of Sales 192,000 The calculation of net income includes various factors. The loan receipts cannot be considered as income but Insurance proceeds can be recorded as income only if the actual cost of repairing the damaged part is lower than the insurance claim. Or there is another option to it, which says that actual income after the repair can be part of the income statement. As the accounts are being maintained as accrual basis, pre paid advertisement with an impact of more than one accounting year cannot be recorded in the income statement but it would be shown as the asset in balance sheet. The Prepaid expenses once exhausted would be shown as the income otherwise the reflection would be in cash and adding the expenses as the asset. The depreciation is allowable expenses and the depreciation value $12,800 to be deducted as expenses in Income Statement. Based on the purchase data and the stock in trade data cost of goods sold is to be calculated and to be shown as the expenses in Income Statement. Attachment 3 - Part C Statement of Income $ $ Fees received 450000 Interest on drawings 500 Interest on drawings 750 Total Income 451250 Less: Expenses Rent of the training venue and sundry expenses 35000 Salary of part-time trainers 125000 Salary of Tom 35000 Salary of Claude 60000 Superannuation contributions for assistant 250 Bank loan repayments interest 1500 Interest on capital - Tom 1000 Interest on capital - Claude 1000 Interest on loan from Claude 2500 Purchase of heart monitors 6000 Total Expenses 267250 Net Income 184000 Distribution of Income $ Tom 92000 Claude 92000 The problem is clearly indicating the fact that the partnership is equal partnership. The interest paid to two partners is same. There are some expenses which are to be deducted from the income statement. The drawing can be considered as expenses as it would only be reduced from the capital account. The payment of principal amount is not allowable as deduction but the interest is allowable as deduction. Attachment 4: D The following amounts for which there is no present entitlement; Tom Katzen $10,000 James Katzen $10,000 Scott Katzen $4,000 Jennifer Katzen $2,500 Oliver Katzen $2,500 The above amount was set aside by the trustee based on his own discretion. The personal nature of expenses would be allowed to be paid by the trust but cash apportionment is not allowable as because, the trust profit cannot be distributed among the beneficiaries of the trust. The trust expenses are allowed to be paid to the discretion of the trustee but the trust deed shall have to have the mention of it and should be related to the object of the trust. References: Accountingexplained.com, 2016. Accounting Cycle. [Online] Available at: https://accountingexplained.com/financial/cycle/ [Accessed 21 September 2016]. Ato, 2016. How dividends are taxed. [Online] www.ato.gov.au Available at: https://www.ato.gov.au/Forms/You-and-your-shares-2013-14/?page=5 [Accessed 22 September 2016]. ATO, 2016. The indexation method of calculating your capital gain. [Online] www.ato.gov.au/General/Capital-gains-tax Available at: https://www.ato.gov.au/General/Capital-gains-tax/In-detail/Calculating-a-capital-gain-or-loss/The-indexation-method-of-calculating-your-capital-gain/ [Accessed 13 September 2016]. Investopedia, 2016. Accounting Equation. [Online] Available at: https://www.investopedia.com/terms/a/accounting-equation.asp [Accessed 21 September 2016]. Pwc, 2013. Australia: Legislation to remove 50% capital gains tax discount for foreign and temporary residents is now law. [Online] www.pwc.com Available at: https://www.pwc.com/gx/en/hr-management-services/newsletters/global-watch/assets/pwc-australia-removes-capital-gains-tax-discount.pdf [Accessed 19 September 2016].