THE MERCURIAN TIMES

BOOK REVIEW: ELEGANT ENTREPRENEUR (by Danielle Tate) “Elegant Entrepreneur” is the ideal book for anyone that believes that they have an idea they could create a business around, but who is uncertain of whether their idea or they themselves has what it takes to become a successful entrepreneur. Danielle Tate is herself a successful entrepreneur .In “Elegant Entrepreneur: The Female Founder Guide To Starting & Growing Your First Company” she sets out to guide would be female entrepreneur down the path to success by providing details of the business concepts that need to be understood in order to be able to turn an idea into a successful business .With input and advice from other female entrepreneurs, the author lays out the thought process and steps required to turn an idea from just being an idea into reality. Each chapter logically takes the reader through the necessary steps to follow in the attempts to create a viable business. In it the author discusses how to ev

SUBLEASE A sublease involves the rental of real property by a tenant to a subtenant. A sublease agreement typically arises when the original tenant no longer needs to use leased space or can no longer afford to make the lease payments. This situation is most common for commercial properties, but can arise for residential properties as well. A sublease involves the rental of real property by a tenant to a subtenant. A sublease agreement typically arises when the original tenant no longer needs to use leased space or can no longer afford to make the lease payments. This situation is most common for commercial properties, but can arise for residential properties as well. For example, if Sebastian is renting an apartment in Chicago with a 12-month lease and in month four he receives a job offer in Boston, he may decide to sublease his apartment to another tenant for the remaining eight months. The sublease means that Sebastian can accept the job and move - he doesn't have

When business makes you go "Whatttt????" Here are some crazy business facts you probably haven't heard about. 1.  Yahoo doesn't come from the old bollywood song yahoooo!!!! Yahoo.com is an acronym for " Yet Another Hierarchical  Officious Oracle" Found by Jerry Yang and David Filo Yahoo is an American Multinational Company headquartered in Sunnyvale, California known for it's web portal search engine and other related services. 2.Starbucks doesn't want you to feel lonely :) The round tables at Starbucks are specially made circular because according to their research the customers feels less alone this way. Weird right?! But true. I think it is even working out. Might be coffee drives away loneliness too! 3. Apple's I-pad retina display is actually manufactured by Samsung. WOAAH!  Despite being great competitors, the two big names in mobile industry still partner on this on feature. Samsung id the largest supplier for Apple's Retina

Manmohan Singh's 1991 Budget: the day that changed India forever Yesterday, July 24, 2016, marks 25 years of liberalisation. The economic reforms kick-started in 1991 brought about expansion of the services sector helped largely by a liberalised investment and trade regime. They also increased consumer choices and reduced poverty significantly. That day 25 years ago changed India decisively. At about 12.50 p.m., P.J. Kurien, the Minister of State for Industry and now the Deputy Chairman of the Rajya Sabha, got up in the Lok Sabha and read out a brief statement: “Sir, I beg to lay on the table a statement (Hindi and English versions) on Industrial Policy”. That was it: a bland statement to usher in a radical transformation of Indian enterprise and open up a whole new future for Indian entrepreneurs. The statement made a bonfire of all licensing controls. The occasion was made more ironic by the fact that the junior minister’s heart was not in the revolutionary contents of th

BOOK REVIEW – REWORK (Author – JASON FRIED AND DAVID HEINEMEIER HANSSON) Most business books give you the same old advice: write a business plan, study the competition, and seek investors and more. If you are looking for a book with these advices u can put this book back in the shelf. Rework shows you an easier and better way to reach the heights of business. This book disparage these old business fundas and enunciates why plans are actually harmful, why you don’t need any outside investors, and why you are better off ignoring the competition. The truth is, you need less than what you think. You don’t need to be a workaholic. You don’t need to staff up. You don’t need to waste time on paper works or meetings. You don’t even need a office. Those are all just excuses. What you really need to do is stop talking and start working. This book shows you the way. You will learn how to more productive, how to get exposure without breaking the bank and tons more counterintuitive ideas tha

Welcome To JMC Juniors!!!! On 19th July 2016, one of the biggest department of Jesus and Mary College had its orientation the “commerce department”. Commerce department offers two courses for undergraduates –b.com (honours) and b.com (program). Human resource management dictionary defines orientation as  an introductory stage in the process of new employee assimilation, and a part of his or her continuous socialization process in an organization. Major objectives of orientation are to (1) gain employee commitment, (2) reduce his or her anxiety, (3) help him or her understand organization's expectations, and (4) convey what he or she can expect from the job and the organization. It is commonly followed by training tailored to specific job positions. The orientation at JMC is an interaction with the new JMCites to help them get acquainted with the very happening atmosphere of college so that they take pride in saying "Once a JMCite, forever a JMCite". This was exactl

MEANING A capital lease is a lease considered to have the economic characteristics of asset ownership. A capital lease would be considered a purchased asset for accounting purposes. CONDITIONS A lease must be classified as a capital lease if: The life of the lease is 75% or more of the asset’s useful life. The lease contains a purchase agreement for less than market value. The lessee gains ownership at the end of the lease period. The present value of lease payments is greater than 90% of the asset's market value. ACCOUNTING TREATMENT Accounting for a capital lease involves four steps.         First, record the present value of all future lease payments as the cost of the lease.         Then, record   only the interest portion   of each payment as an expense.        Next, depreciate the recognized cost of the asset over the life of the payments.      And finally, recognize the disposal of the asset at the end of its useful life.

Rightly is it said “Age is just a number.” Mark Zuckerberg was only 12 when he started to learn programming and while only a sophomore in Harvard University, he launched Facebook from his dormitory. Facebook is today the biggest social networking website in the world. Currently, at the age of only 31, Mark Zuckerberg has a net worth of US$ 51.2 Billion. As of 2016, Zuckerberg has been ranked the 6 th richest person in the world and among the 100 most influential people in the world. Known as the programming prodigy in his college, Zuckerberg initiated the idea of Facebook from the college student books which had names and pictures of all the students. Initially he created a different program called Facemash that let students select the best looking person from a choice of photos. This was created a s a just for fun website as claimed by his roommate. The site’s popularity went up across campuses within a week of its launch. To complete his project Zuckerberg dropped out of college

Rupee  slips 11 paise in early trade Rupee was trading lower by 11 paise at 67.18 against the US dollar in early trade at the Interbank Foreign Exchange today on increased demand for the American currency from importers and banks. Dealers attributed the rupee’s fall to increased demand for the US currency, but dollar’s weakness against some currencies overseas and a higher opening in domestic equity market restricted the fall. On Friday, the rupee had dropped 16 paise to 67.07 a dollar on fresh demand for the US currency from banks and importers amid fall in domestic equities.

An idea is where an enterprise begins. If it’s an idea and it can sell, it got a knack for a flourishing enterprise. You don’t have to be trust funds baby on the hook for a business loans or just a plain old lucky to start your own enterprise. The 100$ startup by Chris Guillebeau changes the way you think of starting your dream business. It talks about enterprise being somewhat incidental. Weird right? But, true. Guillebeau gives real-life rousing examples of somewhat accidental entrepreneurs making success out of strife, opportunity and circumstances. The book talks about turning your passion or hobby into something that is profitable. He doesn’t necessarily encourage every knitter to open a yarn store, but he does promote creative thinking about how you can leverage a natural talent or long-loved activity into a business model. The book has been continuously listed among top entrepreneurial books and has been rated as a must read by Forbes. So if you are an aspiring entrepreneur

v   Tenant improvements are capital expenditures made by the landlord to prepare the space for lease. v   Such improvements are capital assets of the landlord. v   These improvements are components of the property and therefore should be capitalized and depreciated over their useful   life   consistent with the accounting for property, plant, and equipment . EXAMPLE The journal entry to record expenditures for tenant improvements of $100,000 with a 10-year useful life would be: PARTICULARS DEBIT CREDIT Tenant improvement A/C               Dr $100,000 To Accounts Payable or Cash A/C (Being improvement recorded) $100,000  Depreciation A/C                          Dr $10,000  To Accumulated depreciation A/C (Being  annual depreciation of the improvement recorded) $10,000

YOU GOT TO YOUR WORK.YOU HAVE GOT TO LIKE WHAT YOU ARE DOING, YOU HAVE GOT TO BE DOING SOMETHING WORTHWHILE SO YOU CAN LIKE IT – BECAUSE IT IS WORTHWHILE, THAT IT MAKES A  DIFFERENCE  , DONT YOU SEE? - Colonel Sanders Nothing worth comes easy. Life is a hit and trial where one has to keep trying their chances. If you still have a breath, you have time for your dreams. So is the life story of Mr. Colonel Sanders. The most inspiring story of falling down but not giving up. It was not before the age of 66 when Sanders found the very famous franchise restaurant Kentucky Fried Chicken or KFC. The journey to KFC had been arduous and not very pleasing. After a chain of failures and losses, at the age of 88, Harland sanders was a billionaire. Even after 35 years to his Death, his face is the symbol of the most successful franchise restaurant, KFC. Sanders first built an identity on fried chicken while running a service station with his mistress, who following his divorce would be

“WHAT WE CALL THE BEGINNING IS OFTEN THE END. AND TO MAKE AN END IS TO MAKE A BEGINNING.THE END IS WHERE WE START FROM”.                         T.S. ELIOT Sunset Of Schooling Is Yet Another Sunrise For College Days - A Life Full Of Colors, Youthfulness, Independence And So On, Also Known As The Golden Period Of One’s Life. A Girl’s College Set  Amidst The Greenery And Diplomatic Aura Of Embassies In The Centre Of Delhi, Jesus And Mary College Is Definitely One Of A Kind. From Chilling In The Luscious Green Lawns To The Quick Naps In The Windy, Spacious And Shady Surroundings Of The Common Room While Waiting Between Classes, The Biggest Ground For Sports And Definitely The Most Alluring Auditorium Of The University, The College Has Something To Offer To Everyone. The Best Part Is The Loving Attitude Of The Teachers, Who Make Sure That No Extra Help Would Ever Be Needed, The Gorgeous, Chatty And Bubbly Peers Who In No Time Become Your Best Friends, “Yummy Tasty Sev Puri And So

NOW INDIANS CAN TAKE $5K IN CASH ABROAD POST NEW NORMS TO HELP AVOID  EXCHANGE FEE The government increased purchase limit from duty-free stores in Indian currency from Rs 5,000 to Rs 25,000, which will help you avoid paying excessive exchange fee to your credit card issuer when you return from your overseas trip. The Central Board of Excise & Customs has amended the rules for those travelling to or from India to countries other than Bhutan and Nepal. Last December, all Indian residents and foreigners, other than those from Pakistan and Bangladesh, were allowed to carry Rs 25,000 in cash and the rules regarding purchase from duty-free shops have been changed to align them with the cash limit. This means that you can pay up to Rs 25,000 in Indian currency and the rest can be paid for in foreign currency. While Indians can carry up to $5,000 cash without any disclosure requirements, the revised baggage rules allow duty-free import of chocolates, apparel, toys and ot