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Show U.S. Rule corrected while the prod .ct is Bj JOHN CUNN1FF AP Business Analyst in use. - Navajos - YOFK Grumblings from corporate purchasing agents about the poor quality of manufactured products are growing louder. Some fwl a deterioration set in about two years ago and is now intensiNEW fying. Blamed for the condition are several factors, but most commonly cited are: e The present game, said Jack Monday, March 4, 1968 6C factories in an attempt to take pressure off a Ironically, some agents noe that this cost cutting is d o Corporate purchasers seeking to save money put pressure on the vendor for lower cost goods. economy which is putting strains or some production facilities, even though industry as a whole is nu operating at total capacity. NAME OF GAME' ' High volume Is the name of the profits-squeez- e. The vendor, seeking to maintain profit margins, skimos on quality. A deterioration in workmanship, partly because of a tight labor market in which O'Con- nor, editor of Purchasing Week The important magazine. thing is to get the product out of the plant. Cost cutting in plants and World's Dairy Surplus Continues To Increase marginal employes are used. Too many skilled people have lost pride, said the agent for a company whose annual sales top $1 billion. Its a general frame of mind of too many workers. Too many of us dont have pride ir a job well done. Such gripes can be heard almost any time at all from certain people, it is true. And, a spot check does indeed show that some corporations feel there has been no deterioration in quality, especially m the quality of raw materials. RISE IN VOLUME Another purchasing agent comments t'iat the size and of some products complexity WASHINGTON (AP) The dairy products continues to now makes it impossible for Agricultural Service re- - crease, with much of the upturn them to be thoroughly tested ports that a vwld rurplus of 'in Western Europe. before Deing delivered to the Today, the biggest surplus customer. Flaws then must be problem is with the European a report Economic Community, said. And the measures that FAA Show trade group is taking to dispose of its surplus on world markets are creating additional problems for other major exporters The WASHINGTON (UPI) of dairy products. number of airports in the UnitMembers of the European ed States rose to 9,276 last year, known a rise of almost 400 over 1966, Economic Community, CEilING TILE as the European Common Mar- the Federal Aviation AdminisYou Da It ar Wo ll Da It. Aik ao for astimaSai. ket, are West Germany, Bel- tration said. gium, The Netherlands, LuxTHE Added to the airport total embourg, France and Italy. ci low 398 seafll This market area has been were 452 heliports and over-al-l the bases, plane bringing selling dairy products at low total to 10,126. marsubsidized the by prices, 4Ab. 7th W.i kets governmental setup. Texas leads in the number of airports followed by California, Alaska, Pennsylvania and Illi- But, despite these explanations, the gripes do seem to be rising in crescendo. And, Deseret News Washington Bureau of echoing die complaints manufacturers is toe disconWASHINGTON New industent of consumers about slop- trial development opportunities! py work, poor design, lax ser- for the 16 largest Indian land vicing, areas in toe United States, TV' fact that thousands of including Utah's Navajo Indian mobiles have been Reservation, should result from also recalled for defects is evidence of toe problem, as is a recent ruling on their eligibili-- j toe growing concern in Wash- ty tor federal contracts. ington with protecting buyers The ruling, by the Labor De-- j from inferior goods and serpartments Bureau of Employvices. ment Security, designates toe 16 PROFIT isQUEEE areas as elibible for first preferPurchasing Week, which ence in federal procurement surveyed 50 to 60 companies, . said workmanship is slipping contract.-.on a wide range of products, Sen. Wallace F. Bennett, automotive parts, including said, This means that metal ca.is and corrugated industrial plants located in or containers. near these Indian arpas are now Said OConnor, companies eligible for first preference in are taking a beating on profits the award of certain federal so the word comes down: cut procurement contracts If the Agents firms have an approved plan for expenses. are told to cut costs or well employing a portion of the Indian work force on the contract find someone who will.' auto Airport Growth KETCHUM'S MERCEDES-BEN- Z 230 SL By Appointment ONLY Phone George or Manuel 486-211- 1 Save Nearly $3,000 on an Immaculate 230 SL MERCEDES-BEN- Z Convert soft and hard top transmission ed Bank Terms Financing may be arranged Wilt consider trade. . Lavs Cover Losses, Gains Editor's note: The fellewine column was written tor the Deseret News by the Tsx Section of the Uteh Siete Ber end Is dnsldnea te hele the reedsr with tax preWems. sist the taxpayer in properly reporting the tax consequences from an involuntary conversion. Intra-Sto- li .T necenuy mis puppy jji was offered for ;i; sale in a 1ASSIFIED Al Today it has a happy new owner. A grown dogmayormay notbe man's best Inend, but there s no doubt about a puppy being a young i 1 1 Itoys great love! This happy owner, nud thousands of other youngsters like him, is enjoying one of the many benefits of Classified Ads. I Its a typical Classified Ad benefit., the seller, .with a small investment in newspaper spuce, has found a happy buyer. And its easy to place your 5 for friendly assist-- ; AVant Ad, just dial I ance in placing your ad. ; t ! We have immediate openings for engineers and scientists at our San Jose facility and Menlo Park Laboratory. At IBM you work in a small team about 4 or 5 people-- no matter hew large your project! , work says Jim Carr (above), a Manager of Mechanical Engineering at IBM. The small team concept also means you work closely with people in other disciplines, so your experience is varied. Here are the kinds of engineers we need now : Electrical Engineering. Youd work in various areas dethe development lab, including power-suppl- y failure-analysand semiconductor evaluation sign, of electronic components. Requirements: a B.S.-E.degree and experienced one of the above areas. Logic Design Engineering. You would work with advanced digital computers and peripheral storage controls. Requirements: a B.S. or M.S. degree in E.E. or Physics and at least one years experience in logic design. Mechanical Engineering. You would work on a wide range of projects in the area of equipment design and analysis. Requirements: a B.S. or M.S. degree and significant mechanical engineering experience. Organic Coatings Chemistry. Youd be responsible for developing, processing and testing ultrathin mag- c-- f is E. wter Ask for Classified Direct Line to Results nonrecognl-tio- n of the gain is discussed below. time period within the involuntarily converted property must be reductible. placed begins en the date of REALIZES GAIN the involuntary conversion of If a taxpayer receives re- the property and ends one placement property or an in- year after the close of the surance payment in excess of first tax year in which any his adjusted basis of the invopart of the gain is realized by luntarily converted property, the taxpayer. the taxpayer has realized a The end of the time period gain. may be extended by the InterIf toe taxpayer replaces the nal Revenue Service upon the converted property with prop- taxpayers application prior to erty similar or related in the end of the specified period service to use, no gain will be and toe Internal Revenue recognized for tax purposes if Service may extend the perithe amount received equals or od upon a late application if is less than the cost of the rethere was reasonable cause for the delay. placement property. If the amount of an insurFUNCTIONAL USE ance payment exceeds the The replacement property cost of tlie replacement propmust be similar or related in erty, gain will be recognized service or use to property for tax purposes to the extent which It For an replaces. of the excess. These rules owner-use-r, functional a apply only if the taxpayer use test is applied. makes the replacement within As an example, to meet this a certain time, the replacement property is similar or test a vehicle used for busirelated in service or use to ness must be replaced with the converted property and another vehicle used for busithe taxpayer elects to have ness which performs toe same these rules appy. Each of function as the destroyed vehicle. In the case of rental property toe test looks more to the services or uses to the lessor of the original property and replacement property rather than the use made of the property by the lessee. If the replacement property was acquired prior to the conversion, it must be held on toe date the old property was converted. The replacement property must have been acquired with the intention of replacing the old property, although the actual funds received as an insurance payment need not be used to acquire the replacement property. The election to postpone recognizing the realized gain on any involuntary conversion netic continuous coalings. Requirements : a B.S. de- must be made on the tax return for the year in which the gree in Chemistry or Chemical Engineering and t. gain is realized. If toe of indusand knowledge organic resins, pigments property is trial coatings. acquired in the same year the gain is realized, the details should be reported on the tax return for that year. If the replacement property will not be acquired until after the return is filed, the uWhat does IBM return for the year in which the gain is realized should inV offer scientist ? say diversity clude a statement showing all the facts relating to the conversion, including the amount of the gain, and the election to replace the involuntarily converted property within the required replacement period. The which . ld a Thats why you get quick recognition for good DIAL these rules for the Scientists Engineers FAST , EFFECTIVE , LOW COST they sell and sell and sell!!! nized, if the taxpayer sells the he property replacement would compute his gain or loss using a basis of $500, even if the loss on the involuntary conveision were not de- IBM San Jose would like to hear romyou 521-353- 1 mousA new $275,000 medical building opened in Salt Lake this past week by ing offices for doctors in all fields of medicine. The building designed to the architectural style American Minson and Halender brings a South entrance. Allen Coombs was the contractor area, with the triangular-style- d 70 S. 9th East. for the building located at ment less than toe adjusted basis of the stolen or destroyed property, toe taxpayer has realized a loss. This A taxpayer realizes e gain loss is recognized for tax puror loss other than by a volunTwo terms are used in a poses, but is deductible only technical sense in tax par- when incurred in a trade or tary sale or exchange of proplance: realize and recognize. business, in a transaction enWhen is stoler, erty. property A taxpayer realizes a gain or tered into for profit, or from a destroyed by casualty or loss when property is involuntheft or casualty. Such a loss taken in a condemnation pro- tarily converted and the tax- in connection with property and the taxpayer payer receives replacement used for personal purposes, ceeding receives replacement proper- property or a cash payment. such as a residence or pleasty, an insurance payment or a The term realize is used in ure car, is deductible only to condemnation award, the tax- an accounting sense to reflect toe extent allowed by Section payer will have realized a the transaction. Once a gain 165 which is discussed in a gain or loss. or loss is realized by a tax- separate article. nois. term recognize These type transactions are payer, the The provisions relating to a The statistics showed that the to designate that the used is loss on an involuntary converairlines provided jetliner serv- called involuntary.conversions gain or loss enters into the sion may be illustrated by an ice to 182 airports in 196L The and the present tax law tax computations. taxpayers to allows the posttaxpayer example. total is expected to grow to 216 If a realized gain is recogpone paying any tax on part nized for tax by 1973. Assuming a taxpayer has purposes then or all of the gain under certoe taxpayer must include the property with an adjusted tain circumstances. gain in his taxable income. If basis of $1,000 which is invoSECURITY SALESMAN luntarily converted by theft. This article will discus the the realized loss is recognized tax consequences of such infor tax purposes then toe loss The taxpayer received an in$1,000,000 Offrln( voluntary conversions other enters into the taxpayers tax surance payment or replaceEstablished Idaho Corporation ment property with a value of than by condemnation and a computation, but is deductible Furnished Qualifild L.ods The taxpayer has real$500. will if the deduction is discuss article specifonly subsequent Banus Expenses Top Commissions the tax consequences of a con- ically allowed by the tax law. ized a loss of $500 and the loss Contact Mr. W. B. Murphy ter is recognized for tax purdemnation award. Immediate Interview RECOGNIZE LOSS poses. The recognized loss of UTAH MOTOR IODGE BASIC CONCEPTS When property is Involun$300 will be deductible by toe March 3rd Sunday Afternoon, The provisions dealing with tarily converted, such as taxpayer only to toe extent alor Anytime Monday, March 4th involuntary conversions are being stolen or destroyed by lowed under the provisions of or Write detailed and complicated but fire, and the taxpayer Section 165. Since the involun9.0. tax 4192, Balia, Idaho a few basic concepts will as receives an insurance pay tary conversion loss is recog - JJ( Unique Medical Building YOUR TAXES Totals ' To Benefit high-performan- ce SUBMIT At IBM youre constantly working with people doing advanced work in many fields, says Gary Kozak (above), a Development Chemist at IBM. Because of all this interfacing, its a good place for a scientist to work. We have an opening for this scientific discipline : Material Science. You would be responsible for preparing inorganic compounds using ceramic and processes and developing magnetic, ferroelectric and photoconductive thin films. Requirements: an appropriate M.S. or Ph.D. degree and experience with electron microscopy and y diffraction and fluorescence. (Familiarity with III-and II-compounds is desirable.) Write us today. If youd like to arrange an interview for one of these positions, send a brief outline of your educational background and experience to: Engineering and Scientific Employment, Department IBM Corporation, t Monterey and Cottle Roads, San jO Yy JSfSL Jose, California 95114. A wet-chemic- al X-ra- Y VI BC-104- 7, fir ff An Equal Opportunity Employer STATEMENT After toe replacement property is acquired, another statement should be submit- -' ted with the return for the year for which the replacement is made. In the event the cost of the replacement property is less than anticipated so that a portion of the realized gain must be recognized, an amended return reporting the recognized gain must be filed and any additional tax paid. The provisions with respect to postponing the recognition of the gain on the involuntary conversion are elective. If the taxpayer wishes not to postpone the tax, the realized gain and may be recognized in the taxpayer's included income. The Utah income tax law is substantially similar to the federal Income tax law, except if the property Is re- placed as required neitlie-ga- in nor loss is recognized. Similar reporting procedure! are required by the Utah law. . |