| A.
R. Kakhsaz Company
an accountancy corporation
Member
American Institute of
Certified Public Accountants
International associates:
Tavana & Co.
Chartered Accountants
Toronto, Canada
Tel.416-229-2221
|
Limbo:
is defined, in Christian
theology, as the area of the border of
Hell. In Roman Catholic theology
innocent souls of infants who die
without baptism would reside in "limbo,"
hence saved and brought into eternal
happiness. Limbo, which comes from
the Latin word meaning "border" or
"edge," was considered as a place
reserved for the unbaptized dead,
including good people who lived before
the coming of Christ. Pope Benedict
XVI, recently authorized that the concept
be permanently removed from Christian
theological teachings. So there's no
"limbo" anymore. But its metaphorical
extension, meaning "nothingness" or
"indecision" is likely here to stay.
Highest state cigarette taxes
per pack:
| New Jersey |
$ 2.60 |
| Rhode Island |
2.46 |
| Washington
|
2.03 |
| Maine |
2.00 |
| Michigan |
2.00 |
Booming business:
A burgeoning
category of women's clothing known as
contemporary--a somewhat
amorphously defined assortment that
includes edgy, often casual looks such
as snug-fitting T-shirts, distressed
denim and relaxed, feminine cotton
dresses. Unlike famous big-brand
designers and mall-based clothiers,
contemporary brands tend to be
smaller, risk taking labels of garments
that often retail at about $100 to $500
apiece. Sales of contemporary
women's clothes increased 10% in the
year ending in December. That's
double the sales increase in women's
wear overall. A boon for retailers, which
often sell the goods at full price without
the need for markdowns.
Contemporary clothes resonate with
shoppers at two ends of the spectrum:
style-obsessed teens and women in
their 30s, 40s, and 50s who are willing
to pay a premium for casual looks that
project a youthful, yet sophisticated vibe.
In 2006, total sales for women's wear
hit $102 billion in the U.S.
For more of the Generalist, please visit our website
at ARKCPACOM.
|
theGeneralist,
a one-page monthly publication of the accounting firm of A. R.
Kakhsaz Company, is in its 13th year of providing information,
presented fairly and accurately, from sources we can depend upon and
trust.
Largest tax return in
the U.S.:
On May 18, 2006, General Electric
filed its return, electronically, on a
237-megabite file wit the IRS. On
paper, the return would have been
approximately 24,000 pages long.
5.3 million Americans
can't vote
because they either are in prison or
ex-felons. That's more than 4% of
the 2004's turnout.
His brain-scan revealed
that it has
two parts: Left and Right. In the Left
part there's nothing right. And in the
Right part, there's nothing left.
NBA referees
found racially bias in
calling fouls: During the 13 seasons
from 1991 through 2004, white referees
called fouls at a greater rate against
black players than against white players.
Another study found a corresponding
bias in which black officials called fouls
more frequently against white players,
though the tendency was not as strong.
"We're all human. We all have our own
prejudices. That's the point of doing
statistical analysis. It bears it out in this
application, as in a thousand others,"
said Mark Cuban. Asked if he had ever
suspected any racial bias among
officials before reading the studies,
Cuban said, " No comment."
Excerpt from a court
proceeding:
Q: What gear were you in at the
moment of the impact?
A: Gucci sweats and Reeboks.
Not your father's pay:
In 2004 the
median income for a man in his 30s
was $35,010. That's 12% less than for
men in their 30s in 1974--their fathers'
generation--adjusted for inflation.
We see more in numbers
- than just numbers...
Ali R. Kakhsaz, CPA, MAcc
www.arkpca.com
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