Former Supreme Court Chief Justice John Marshall once stated, “The power to tax is the power to destroy.” The power to tax, the principle of taxation, and the effect taxes have on citizens has existed since the inception of America itself. However, much of it is misunderstood.
Debt securities such as bonds pay a stated interest rate. This interest rate depends on the risk of investment. In addition, bond prices change when investment risk changes. Standard and Poor’s provide ratings for companies. Stock prices also fluctuate. Fluctuations depend on various factors.
Babycakes, a specialty bakery, is the company that will be considered for all parts of your budget planning and control report. For this assignment, you will develop a 3–4-page paper in which you address the following.
Instructions: The purpose of this assignment is for you to apply what you learned through the activities and chapter readings. You can reflect on the results from the reading and activities this week to inform your answers.