Affiliate Marketing Secrets

I am a high school student and I have narrowed my choices of potential college majors to these two: Computer Science and Accounting.
I have interests in both, and some recommended an MIS major. I researched it a bit and MIS seems to lack competitive qualities versus a computer science degree. It also has one of the highest unemployment rates [MIS.].
I have an interest in economics; both the quantitative areas as well as historical concepts of the subject. I chose to consider accounting over economics due to better employment opportunities and how lucrative the degree can be. I plan to get an MBA or Master’s in Economics after some work experience. Then, a CPA after I get enough credit hours.
I was wondering if anyone could help me decide. I’m interested in both, and deciding on one has been stressing me out lately.
Computer Science offers fantastic employment and salary opportunities, but I am afraid of the math difficulty. Technology and its effect on the world has captured my interest. I’m an introverted type, so I thought this would be a good niche. I like mathematics, as I do very well, but I’m not the best of the best in the subject, and I don’t want it to consume my whole major. I like history, and I hate chemistry very much. So, I’m unsure about this. There’s the possibility of age discrimination as I get older as well…
Also, I have absolutely no programming experience whatsoever. I don’t seem to have any time to learn it on the side because I am in the International Baccalaureate. Also, my school doesn’t offer any programming classes.
I noted that a lot of computer science grads have great starting salaries, but usually cap at about $120k. This is still amazing, but I feel that accounting could possibly have better opportunities for salary growth. CFO, Director, etc.
Accounting supports my interest in the systems of a business and working with numbers. It also seems easier to get a stable job, as the only certifications to get are CPA, CMA, etc. and while hard, it beats having to get a plethora of certifications in several different programming languages or applications, etc. that will eventually become obsolete in a computer science type job. As I previously noted, I am also interested in economics, and I’ll probably take some business economics electives. The careers in accounting are a mixed bag. Some say that its a great choice and their work / life balance is good and they receive fantastic salaries. Others say it’s the worst decision they’ve ever made because of no work / life balance, stressful deadlines, and crappy salaries. So I’m confused with that.
Then there’s the fact that my parents and siblings will look down on me for majoring in something as “unfulfilling and boring” [their words] as accounting. -_-
I want to be a benefit to society, rather than a leech or crook, like some of the people who currently run it. I want to benefit humanity through my work.
So please, help me decide! I’m pretty stressed out about which one to choose.

JKRB, Don G and Sandy…first of all, thanks to all of you for your guidance through so many accounting problems on this forum. I have often been able to work through problems by reading your explanations and analysis’. You are helping so many more than the one who is asking the question! And speaking of questions…I have a whopper! The examples given in our text are so different from this problem. Desperately hoping one of you can help guide me through this one. (BTW..the first number will be the book value and the second will be the fair value..yahoo moves my numbers over like that.)
Axel Corporation acquires 100% of the stock of Wheal Company on December 31, Year 4. The following information pertains to Wheal Company on the date of acquisition:
Book Value Fair Value
Cash $40,000 $40,000
Accounts receivable 60,000 55,000
Inventory 50,000 75,000
Property, plant and equip (net) 100,000 200,000
Secret formula (patent) ___ 30,000
Total Assets $250,000 $400,000
Accounts payable $30,000 $30,000
Accrued employee pensions 20,000 22,000
Long-term debt 40,000 38,000
Capital stock 100,000 ___
Other contributed capital 25,000 ___
Retained earnings 35,000 ___
Total liabilities and equity $250,000 $90,000
Axel Corporation issues $110,000 par value ($350,000 market value on December 31, Year 4) of its own stock to the shareholders of Wheal Company to consummate the transaction, and Wheal Company becomes a wholly owned, consolidated subsidiary of Axel Corporation.
Required:
a. Prepare journal entries for Axel Corp. to record the acquisition of Wheal Company stock assuming (1) pooling accounting and (2) purchase accounting.
b. Prepare the worksheet entries for Axel Corp. to eliminate the investment in Wheal Company stock in preparation for a consolidated balance sheet at December 31, Year 4 assuming (1) pooling accounting and (2) purchase accounting.
c. Calculate consolidated retained earnings at December 31, Year 4 (Axel’s retained earnings at this date are $150,000), assuming:
(1) Axel Corp. uses the pooling method for this business combination.
(2) Axel Corp. uses the purchase method for acquisition of Wheal Company.
check
(b) Cr. Investment in Wheal for $110,000 in (1), and $350,000 total in (2)

Question 1
The equity method of accounting for investments
Answer a. requires a year-end adjustment to revalue the stock to lower of cost or market
b. requires the investment be increased by the dividends paid by the investee
c. requires the investment be increased by the reported net income of the investee
d. requires the investment to be reported at its original cost
.
5 points
Question 2
Long-term investments are held for all of the listed reasons below except
Answer a. the interest or dividend income
b. long-term gain potential
c. meet current cash needs
d. influence over another business entity
.
5 points
Question 3
Held to maturity securities
Answer a. are reported at fair market value
b. include stocks as well as bonds
c. may be reported as current or noncurrent assets
d. all of the above
.
5 points
Question 4
An investor purchased 500 shares of common stock, $25 par, for $21,750. Subsequently, 100 shares were sold for $40.50 per share. What is the amount of gain or loss on the sale?
Answer a. $300 gain
b. $1,550 gain
c. $4,050 gain
d. $300 loss
.
5 points
Question 5
Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and interest is paid semi-annually. The journal entry to record the purchase would be:
Answer a. Debit: Investment in Bonds $101,500; Credit: Cash $101,500
b. Debit: Investment in Bonds $100,000 and Interest Receivable $1,500; Credit: Cash $101,500
c. Debit: Investment in Bonds $100,000; Credit: Interest Revenue $1,500 and Cash $98,500
d. Investment in Bonds $100,000; Credit: Cash $100,000
.
5 points
Question 6
Available-for-sale securities are securities that management expects to sell in the future, but are not actively traded for profit.
Answer True
False .
5 points
Question 7
All of the following are factors contributing to the trend for regulators to adopt accounting principles using fair value concepts except:
Answer a. pressure on regulators to adopt an international set of accounting principles and standards.
b. the ease of applying market values to assets and liabilities.
c. hybrid measurement methods within GAAP that conflict with each other.
d. a greater percentage of total assets existing as receivables and securities.
.
5 points
Question 8
Parker Company owns 83% of the outstanding stock of Tadeo Company. Parker Company is referred to as the
Answer a. minority interest
b. affiliate
c. parent
d. subsidiary
.
5 points
Question 9
Held-to-Maturity securities
Answer a. are reported at their fair market value on the balance sheet date
b. include both stocks and bonds
c. are primarily purchased to earn interest revenue
d. all of the above
.
5 points
Question 10
Under the equity method, the receipt of cash dividends on an investment in common stock of Vallerio Corporation is accounted for as a debit to Cash and a credit to
Answer a. Dividend Revenue
b. Investment in Vallerio
c. Retained Earnings
d. Dividend Receivables
.
5 points
Question 11
Which of the following statements below is not a reason a company may purchase another company’s stock?
Answer a. sustain the other company’s stock price
b. gaining control of another company’s operations
c. developing or maintaining business relationships
d. earning a return on excess cash
.
5 points
Question 12
The method of accounting for investments in equity securities in which the investor records its share of periodic net income of the investee is the
Answer a. cost method
b. market method
c. equity method
d. income method
.
5 points
Question 13
Temporary investments
Answer a. are reported as current assets
b. include cash equivalents
c. do not include equity securities
d. all of the above
.
5 points
Question 14
Jacks Corporation purchases $200,000 bonds plus accrued interest for 2 months of $2,000 from Kennedy Company on March 1. The bonds have an annual interest rate of 6% payable on June 30 and December 31. The entry to record the purchase of the bonds would include:
Answer a. Interest Revenue credit $2,000.
b. Investment in Bonds debit $202,000.
c. Cash credit $200,000
d. Interest Receivable debit $2,000
.

I went into this course thinking I really wanted to do accounting and marketing and then biology and psychology on the science side, as this is what I was doing in high school (except bio). Now I’m really not sure as I don’t think they are for me – I have absolutely no idea :/. It’s just so confusing because I’m in my second year at the moment.. and I’m still just as confused, if not even more so, than I was when I first began.
I’m just wondering what my options are… I don’t want to leave the degree… because I might as well finish it. I’m just wondering what potential careers I might get from this? A lot obviously… but I’m sort of interested in running my own business one day. Beginning a niche market with something rather than being in the lab doing experiments side of things. I honestly don’t know..
Has anyone else been in my position exactly or at least a similar position? and manage to get through and find something they really liked?

I am a business student that is just finishing my second year of university. I have very good grades and a lot of work and volunteer experience. Yet, despite this there is a challenge.
1. Lack of co-op jobs for this summer.
Although, I am concentrating in accounting I am still trying to find my niche. If you or someone you know is need of an extra hand this summer and would like someone who is willing to learn and work hard you have found your guy. All for a bargain as well, I am more interested in learning and gaining experience in an industry than financial gains.
Thank you in advance.

Hi everyone,
This may be long winded but I need as much advice AS POSSIBLE.
I am about 2 months away from finishing uni for good. I studied fine arts (photography major) but have done a number of other things since finishing school, including fashion design and styling (my favourite). I LOVE vintage shopping and always have and have been told I have a good eye for those types of things. I feel like I could own a vintage store and where I live in Sydney there is a very popular area that doesn’t have a vintage clothing shop, therefore I feel there is a niche/gap for one that stocks womens and mens items. I’m 22 years old, and I think I could do it.
The main idea is this: open a vintage boutique, for men and womens clothing and accessories. It would be really nicely setup, have a range of cheaper but GOOD quality items as well as vintage designer stuff (like dior, chanel etc) and would be more like a boutique in that it doesn’t have rack upon rack of clothes that people have to thumb through (as this would be exactly the same as someone going to vinnies or salvation army). I’m wanting to eliminate the searching for good stuff and have all the good quality stuff there for the customer. Also I would have a few one off pieces of my own label.
So I’ve researched the heck out of this and this is what I’ve got so far:
– Business plan
– Budget (for the things that I can immediately think of)
– Cash flow projection
– Business name
– Tons of info
– Positive attitude (but trying to make myself aware of risks as well)
The things I’m wanting to know about, especially with a start up business, is:
– How can i get financing from a bank/lender in Australia where there is no collatoral needed to back up the loan? My parents wouldn’t be able to take out a second mortgage and I would definitely need a loan. I’m thinking between AU$30-50k.
– How much is an accountant and a solicitor and how much would I need to use them etc?
– How much to pay myself to begin with
– How much to pay an employee (as I would have to be out sourcing vintage clothes about 3 days a week)
– How do I pay tax, how often, and how much?
– Should I speak to someone who has done a similar job and knows what is involved, like a business planner or something like that?
– How much would a basic shop fit out cost, as I’d like a lot of the furnishings to be vintage, not all new metallic racks etc.
How much would I be looking at budgeting to get a nice website? How much extra to put an online store on there?
– CAN I DO IT ALONE?
I do not think I’d have trouble maintaining the stock for the store, but I don’t have any accounting experience so would not really know how to keep on top of those sorts of things, like filing everything, knowing which expense goes where, paying staff etc.
Also, any insurance, rent, accounting, legal, TAX, advice that anyone can give me would be AMAZING.
I am a very determined person and feel as though I could do this really well but as I have obviously never owned a business before I need to know exactly what I would be getting myself into.
If anyone has any FIRST HAND experience in opening a store and things that are unexpected costs, I’d like to hear from you, whether your business is successful or failed, any advice is welcome!
Please only serious answers.
Thanks in advance.