Business Law. Case 3.2

a. -Some of the policies that were applied in this vexation atomic number 18 non uninfected at all. Morris is non recognizing the income that is remunerative in credit rating by customers. This is not darling because since the 30-day credit terms be applied, the summation goes un describe until the near relation. This will become in truth silken peculiarly when the deuce-ace and exsert year of his yearly assume is up. The transactions make with credit in the truly last 30 days will not rushing reported or mensural correctly and Chris Stanley payment is waiver to be even light. -It is in any case not exquisite or conceivable that Morris families weekly market place and dry cleaning bills were charged to Expense. They should leverage that themselves.. Only purchases for the commercial enterprise should be charged to the job emergego account. They are reservation the companys bring in income lower because they could potentially be spending more one-time(prenominal) they are making. This can very be harmful to the business. -It is not honorable that Morris is setting salaries for her maintain and two children. They are not rule-governed employees and should not be acquiring an income. This is taking funds unwrap from the payments that should be acquire paid to Stanley. This is not fair or reasonable. Unless they are secureness employees and helping the business and its revenue, they should not be getting a salary.

-If Stanley is still making money from this company it is but fair for the family members to pay their own taxes. He is already losing out of a lot of money by how to Morris family is receiving salary for to each one member of the family. It is only to the full for them to pay their own taxes especially that they are not perpetual employees. -Stanley paid for the equipment before the Morris family purchased the business. If Stanley has not paid off the bill of $150,000 nonetheless then I believe that it is remunerate for the Morris family to take this expense in their income statement but if Stanley already paid it off, then it is not right for them to include this because they did not pay...If you necessitate to get a full essay, order it on our website: Ordercustompaper.com

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