Business Law. Case 3.2

a. -Some of the policies that were applied in this logical argument atomic number 18 non uninfected at all. Morris is non recognizing the income that is remunerative in confidence by customers. This is not good because since the 30-day credit terms argon applied, the summation goes un describe until the next statement. This will become rattling silken especially when the third and exsert year of his one-year assume is up. The transactions made with credit in the actually last 30 days will not guardianship reported or calculated correctly and Chris Stanley payment is vent to be even light. -It is also not exquisite or conceivable that Morris families weekly grocery and dry cleaning bills were supercharged to Expense. They should leverage that themselves.. Only purchases for the business should be charged to the business outgo account. They are make the companys pass income lower because they could potentially be spending more quondam(prenominal) they are m aking. This can really be harmful to the business. -It is not funfair that Morris is setting salaries for her husband and two children. They are not rule-governed employees and should not be getting an income. This is taking specie unwrap from the payments that should be getting paying to Stanley. This is not fair or reasonable. Unless they are well-ordered employees and helping the business and its revenue, they should not be getting a salary.

-If Stanley is still making capital from this company it is only fair for the family members to pay their get taxes. He is already losing out of a lot of money by how to Morris family is receiving salary for each member of the family. It i s only undecomposed for them to pay their o! wn taxes especially that they are not regular employees. -Stanley paid for the equipment before the Morris family purchased the business. If Stanley has not paid off the enumerate of $150,000 nonetheless then I believe that it is right for the Morris family to involve 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 inadequacy to get a full essay, order it on our website: OrderEssay.net

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