B. biosante has gross deferred tax assets of $28,946,363. however, the net deferred tax assets balance is zero. explain.

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Answer 1

On a company's balance sheet, a deferred tax asset is something that lowers future taxable income.

When a company overpays its taxes, a line item asset of this nature may be discovered. Eventually, the business will receive this money back in the form of tax savings. As a result, the corporation gains value from the overpayment. A deferred tax liability, which denotes an expected rise in the amount of income tax that a company must pay, is the opposite of a deferred tax asset. When taxes are paid or carried forward but cannot yet be reported on the company's income statement, a deferred tax asset is frequently established.

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Related Questions

In late november, karen bought fib february puts with a strike price of $25. the ask price of the put was $281. the current price of fib shares is $28.40. the intrinsic value of the put is?

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In late November, Karen bought fib February puts with a strike price of $25. the ask price of the put was $281. the current price of fib shares is $28.40. the intrinsic value of the put is $0.00.

A proportion is a unit used as mutual funds, constrained partnerships, and real property investment trusts. share capital refers to all of the stocks of an employer. The proprietor of stocks within the business enterprise is a shareholder of the agency.

In easy terms, a share is a percentage of ownership in a organisation or a economic asset. traders who hold stocks of any enterprise are known as shareholders.

A shares is referred to as a unit of possession which represents an identical share of a employer's capital. A proportion entitles the shareholders to an equal claim on profit and losses of the corporation. There are majorly two styles of shares i.e. fairness shares and preference stocks.

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An annuity that goes on indefinitely is called a perpetuity. the payments of a perpetuity constitute a/an ______________- series. The equation is?

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An annuity that goes on indefinitely is called a perpetuity. the payments of a perpetuity constitute Infinite series .

What is meant by Perpetuity ?

A security that pays for an endless period of time is known as a perpetuity. A perpetual sequence of similar cash flows is referred to as perpetuity in the finance industry.

Several financial models, including the dividend discount model, also make use of the idea of perpetuity (DDM).

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When an investor purchases stock, he or she becomes a(n) __________ of the issuing company.

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When an investor purchases stock, he or she becomes an owner of the issuing company.

What is a stock?A stock is a general term used to describe the ownership certificates of any company. A share, on the other hand, refers to the stock certificate of a particular company. Holding a particular company's share makes you a shareholder. Stocks are of two types—common and preferred.All publicly traded companies issue common stock. Some companies also issue preferred stock, which exposes you to somewhat less risk of losing money, but also provides less potential for total return.

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Ace electronics purchased a $35,000 delivery truck in exchange for a 4-year promissory note. the journal entry to record this transaction would include a ______ of $35,000.

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Debit to Equipment

Credit to Note Payable this transaction would include $35,000.

Which account titles are indented when journal entries are made?

A Credit Account

The credit account title(s) are always centered on the right after the debit account titles.

Below the debit accounts, the credit account names will be indented.

You'll at least have one debit (possibly more).

Journals are specialized forms that accountants use to record their financial transactions.

The first place information is entered into the accounting system is in a journal.

Because it is where data first enters the system, a journal is frequently referred to as the "book of original entry."

A journal maintains a historical record of all recordable transactions that the business has been involved in. In other words, a journal is a type of business diary.

We refer to the act of entering information into a journal as journalizing the entry.

The second stage of the accounting cycle is journaling the entry.

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Compute the dollar change for accounts payable using the following information. use year 1 as the base year. accounts payable balance on year 1 is $75,000 and on year 2 is $65,000.

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Using the data below, $10,000 is accounts payable. Use year 1 as the starting point. In years 1 and 2, the accounts payable balance was $75,000 and $65,000, respectively.

A balance of payments' basic balance is a financial indicator that includes the current account and capital account balances. The current account displays a country's net revenue, if there is one, or its net spending, if there is one. The net change in ownership of foreign assets is tracked by the capital account. A country's balance of payments can be analysed using the fundamental balance to show the most likely pattern. Governments often prefer greater inflows than outflows, although the majority of economists prefer to see a fundamental balance close to zero. Governments can employ a combination of policy tools and laws to attempt and bring the fundamental balance back into line when it deviates too far from the target.

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Under the allowance method for uncollectible​ receivables, the entry to record​ uncollectible-account expense has what effect on the financial​ statements?.

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Effect on the financial​ statements would be decreases assets and has no effect on net income.

Financial statements are official records of a person, business, or other entity's financial position and activities. An easy-to-understand format is used to present pertinent financial data in a structured manner.

Financial statements are documents that describe a company's operations and financial performance. Government organizations, accounting firms, etc. frequently audit financial statements to ensure accuracy and for tax, financing, or investing purposes.

A company's financial health can be seen in a single glance thanks to the financial statements that reveal information about its operations, performance, and cash flow. Since they reveal details about a company's earnings, costs, profitability, and debt, financial statements are crucial.

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In the interaction cycle, what human-related task occurs immediately prior to and provides context that helps bridge the gulf of evaluation used to understand objects, properties and events?.

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In the interaction cycle, Perception occurs immediately prior to and provides context that helps bridge the gulf of evaluation used to understand objects, properties and events

The degree to which the system or artefact provides representations that can be immediately viewed and interpreted in terms of the expectations and intentions of the user is known as the gulf of evaluation in computer science.

A spinning wheel used by an application to display a "loading" state after a user action is an illustration of a wide gulf of evaluation. The user cannot interpret the advancement the system is making in response to their action simply by looking at the wheel.

The two gulfs are still crucial ideas in our profession thirty years later. The gulf of evaluation and the gulf of execution are two significant obstacles that users must get beyond in order to interact with any technology properly.

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Which term is used to describe a call provision in which the issuer is prevented from calling a portion or the entire issue for several years during the early years of the bond issue?.

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The term used to describe a call provision in which the issuer can be prevented from calling a portion for many years towards early years of the issue of the bond is called deferred call provision.

When a business or other organization creates a bond, it occasionally prefers to have a backup plan in case it needs to break its promise. The right to call or buy back bonds is granted by a deferred call provision after a first deferment period, which may be five, ten, or any other number of years long. Investors favour making their own decisions on when to sell an asset. This sort of bond often pays a higher rate of interest compared to one without this provision since you could have to repay a bond with such a deferred call provision sooner than you would like to.

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A challenge to the validity of charismatic leadership is that charismatic leaders may?

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A challenge to the validity of charismatic leadership is that charismatic leaders may be perceived as charismatic because of their accomplishments.

The German sociologist Max Weber invented the idea of charismatic authority. It involves a kind of organization or leadership where the leader's charisma confers authority. This contrasts with two other sorts of authority, namely traditional authority and legal authority. The three categories of authority that Max Weber identified are comprised of each of the three sorts.

What Is Charismatic Leadership?

The first time the word "charisma" came into use was in Saint Paul's writings to the fledgling Christian communities in the first century. In this context, it typically referred to a "gift" that had supernatural origins and served as a sign of God's might among the early Church leaders.Max Weber expanded this theological idea by considering it as something that adherents assign, which allowed sociologists to utilize it in non-Christian religious, political, military, and celebrity situations. "Charismatic leadership" and "charismatic domination" are other phrases that are employed.A distinct personality trait that distinguishes a person from other people and causes them to be thought of as possessing supernatural, superhuman, or at the very least particularly remarkable abilities or traits. These are things that are beyond of reach for the average person yet are thought to be heavenly or exemplary, and because of them, the person in question is viewed as a leader. It is obviously irrelevant for definitional purposes how the characteristic in question would ultimately be assessed from an ethical, aesthetic, or other such point of view.

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Hillman corporation reported a decrease in inventory of $57,834. this is best defined as a _________ of cash on the _______________ segment on the statement of cash flows.

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Hillman corporation reported a decrease in inventory of $57,834. this is best defined as a source of cash on the operating activities segment on the statement of cash flows.

Cash flow is the movement of cash inside and out of a organisation. coins obtained indicates inflows, and cash spent signifies outflows. The coins float statement is a monetary assertion that reports on a agency's sources and usage of cash over a while.

Cash flow is a measurement of the quantity of coins that comes into and out of your business in a specific period of time. if you have superb coins waft, you have got greater coins entering your commercial enterprise than you have got leaving it—so that you can pay your payments and cover different fees

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In the circular-flow model, households supply all of the following except _____ a) entrepreneurial ability. b) capital. c) natural resources. d) goods and services. e) labor.

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In the circular flow model, households supply all of the following except e. labor, natural resource, capital, and entrepreneurial ability ( all of the above)

The circular flow of income or circular go with the flow is a version of the economy in which the fundamental exchanges are represented as flows of cash, goods and services, and many others. between financial agents. The flows of cash and items exchanged in a closed circuit correspond in cost, but run within the contrary route.

The circular-flow model demonstrates how cash moves thru society. money flows from producers to workers as wages and flows again to manufacturers as the price for products. In short, an financial system is an endless circular flow of cash.

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What is the present value of received a. years from today when the interest rate is per year? b. years from today when the interest rate is per year?

Answers

The present value of $14400, if you were to receive it today, would obviously be $14400 since that is what your investment would yield you right now, if you were to use it.

Response: $14400

Detailed explanation:

given data

Primary = 6000

Duration: 14 years

Rate= 10%

To determine the total sum, let's utilize the straightforward interest expression.

A=P(1+rt)

substitute

A=6000(1+0.1*14)

A=6000(1+1.4)

A=6000*2.4

A=$14400

answer :$14400

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Mikasa earned money over the summer babysitting and dog walking. she was paid $15 an hour babysitting and $20 an hour dog walking. if she worked a total of 75 hours over the summer and earned a total of $1350, how many hours did she work at each job?

Answers

The two equation are b + w = 75and15b + 20w = 1350

.

As it is given that,

She worked  30  hours as babysitting and  45 hours dog walking.

And, the solution works in both the equations.

A) Let “ ” represent hours babysitting and “w ” represent hours walking dogs.

She worked a total of 75  hours. So,  

She was paid $15 an hour babysitting and $ 20 an hour dog walking and earned a total of $ 1350,

B) as we know that

b + w = 75

b = 75 - w , use this in second equation i.e.,

15(75 - w) + 20w = 1350

5w = 225

w = 45

Then , b = 75-w = 30

So, she worked 30 hours as babysitting and 45  hours dog walking

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The question was incomplete. Check below the full question.

Mikasa earned money over the summer babysitting and dog walking. She was paid $15 an hour babysitting and $20 an hour dog walking. If she worked a total of 75 hours over the summer and earned a total of $1350, how many hours did she work at each job?

a. Set up the system of equations for this scenario. Let “b” represent hours babysitting and “w” represent hours walking dogs.

b. Solve the system of equations. Show how you got your solution.

An increase in the demand for money, at any given income level and level of interest rates, will, within the is–lm framework, ______ output and ______ interest rates.

Answers

An increase in the demand for money, at any given income level and level of interest rates, will, within the framework, lower output and raise the interest rates.

A percentage of the principle, or the money lent, is what a lender charges a borrower as interest rate. The annual percentage rate, which is how loans' interest rates are commonly expressed, is calculated annually. The money earned from a savings account or certificate of deposit at a bank or credit union may also be subject to interest rates. Interest rate on these bank accounts is calculated as an annual percentage yield. The principle, or total amount of money by the loan, is added to for calculating interest rates. For both the lender and the borrower, the interest rate represents the cost of debt.

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During group meetings, jacqueline told her group to make the decisions without her because she just wanted to go home. what function does she exhibit?

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During group meetings, Jacqueline told her group to make the decisions without her because she just wanted to go home. The function she exhibited is Self Centered.

The self-centered definition is someone who thinks only of himself, his own needs, and his own interests, or that are actions or behaviors performed by someone who only shows concern for himself. attention to that person's needs.

An example of self-centeredness is picking up leftovers from the house when you know others are hungry. Selfishness is being concerned excessively or solely for one's own or one's own benefit, joy, or happiness, independent of others. Selfish is the opposite of altruism or altruism; and also contrasts with self-centeredness.

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Ebookitem 10 if the total utility from consuming eight units of a product is 123 and the marginal utility of a ninth unit is 3, then the total utility from consuming nine units would be?

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If the total utility from consuming eight units of a product is 123 and the marginal utility of a ninth unit is 3, then the total utility from consuming nine units would be 126.

The more pride a client profits by means of getting one extra unit of a very good provider is referred to as marginal utility.

Utilities in a domestic embody strength, gasoline, water, sewer, net, telephone, cable television, protection systems, and, in some areas, trash series. These requirements are the things you need in day-by means of-day lifestyles to make certain you have got an operating, comfy, livable area.

Utility price is the charge incurred through using utilities which includes strength, water, waste disposal, heating, and sewage. The costs are incurred over the route of the reporting period, calculated, and gathered for, or the charge is rendered.

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A product ________ is a group of products linked through usage, customer profile, price points, and distribution channels.

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 A product Line is a group of products linked through usage, profile, price points, customer and distribution channels.

The correct fill in the blank to this question is product line.

A group of products linked through usage, customer profile, price points, and distribution channels is known as a Product line. The products are identical and focus on the same market . Their function or channel distribution might be similar. Possibly their physical attributes, prices, quality, or type of customers are the same. We call this sort of activity as product lining.

Product line is basically a group of related products all marketed under a single brand name that is sold by the same company. Companies sell multiple product lines under their various brand names, the basic purpose is to distinguish them from each other for better usability for consumers.

Product line pricing involves the separation of goods and services into cost price categories in order to create different perceived quality levels in the minds of consumers.

Product lines are usually part of a marketing strategy. Companies keep introducing more products to attract buyers. Specifically, they want to attract  those buyers who are already familiar with their brand.

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_____ attributes are those that a customer can determine prior to purchasing goods or services.

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Search attributes are those that a customer can determine prior to purchasing goods or services.

What are the attributes  that a customer can determine prior to purchasing goods or services?

Customers need your product or service to function in order to solve their problem or desire.Customers have their own budgets with which they can purchase a product or service.The product/ service  needs to be a convenient solution.The product or service needs to reliably function as advertised every time the customer wants to use it.

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By recognizing the effects of inflation in the accounting financial statements, which accounting assumption is violated?

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Economic statements are written records that bring the commercial enterprise activities and the economic performance of a company.

Financial statements are frequently audited by using authorities organizations, accountants, firms, and so forth. to ensure accuracy and for tax, financing, or making an investment purposes.

The five kinds of financial statements

income assertion. Arguably the most essential.cash flow declaration.balance sheet.observe to financial Statements.announcement of trade in fairness.

The earnings assertion, stability sheet, and announcement of coins flows are required monetary statements. those 3 statements are informative equipment that investors can use to analyze a agency's economic energy and offer a brief photograph of a agency's financial fitness and underlying price.

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The cluster of benefits that an organization promises customers to satisfy their needs is referred to as a:________

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The cluster of benefits that an organization promises customers to satisfy their needs is referred to as a Customer Value Proposition.

Customer Value Proposition: A corporation will use a customer value proposition (CVP) to persuade a consumer to choose its goods or services over competing ones. Its goal is to persuade customers that this company's product offers greater value than that of rivals.

4 types of Customer Value Proposition:

1) Company value proposition.

2) Homepage value proposition.

3) Category value propositions.

4) Product value propositions.

The cluster of benefits that an organization promises customers to satisfy their needs is referred to as a Customer Value Proposition.

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What are the implications of the informal economy for firms that operate only in the formal economy?

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Both the formal economy and the informal economy are thought to constitute components of the economy. The informal sector is made up of a variety of economic activities, associated people, and occupations that are not directly governed or controlled by the government. The following will help you understand how the informal economy affects businesses that only operate in the formal sector.In daily commercial operations, both formal and unofficial sector businesses collaborate. However, the formal economy is more dependent on the formal economy.Businesses in the formal economy may easily access government approvals, resources, finance, and technology, but businesses in the unofficial sector can easily access marketplaces, consumers, etc.Large formal sector businesses operate in key industries that require greater resources (capital, labor, technology, etc.).Due to non-payment of taxes and other fees, the cost of production for businesses operating in the formal system is higher than for businesses operating in the informal market.Middle-class consumers favor and rely more on the goods and services provided by informal economy businesses.The majority of businesses in the informal economy are relatively tiny and numerous, satisfying both local residents' needs and those of huge businesses in the formal economy.Firms in the formal economy focus more on production, whereas those in the informal economy are more involved in the retail industry, which is crucial to the success of the formal economy firms.Compared to formal economy businesses, informal economy businesses produce non-standard products for less money.

What is formal economy?

An official economy is one that is based on paid employment and is acknowledged by the government.

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Jacob is a marketer at gamer way video games. He is currently working to develop four different color versions of their latest video game console. Which of the four marketing mix strategies is jacob working on?.

Answers

Jacob is a marketer at gamer way video games. He is currently working to develop four different color versions of their latest video game console. The marketing mix strategy which Jacob is working on is product.

Market mix strategies are the various ways or tactics that a particular business implies in order to attract more audiences and customers to its business.

In business, marketing mix strategies can be grouped into four areas that are focused.

Jacob is a marketer who intends to attract more customers for his product which is the video game. In order for this, he has developed four different colored versions of his game. As Jacob has focused on the product i.e video game hence, the marketing mix strategy that is being used Jacob is the product group.

Although a part of your question is missing, you might be referring to this question:

Jacob is a marketer at Gamer Way Video Games. He is currently working to develop four different color versions of their latest video game console. Which of the four Marketing Mix strategies is Jacob working on?

Product

Place

Price

Promotion

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Glycolysis grosses 4 atp. considering the energy investment step, how many atp does glycolysis net?

Answers

The net gain in the ATP molecules during glycolysis is 2ATP.

In the first step of glycolysis, 1ATP is required to convert, glucose into glucose -6-phospate .

In the third step 1ATP molecule is required to convert fructose -6phospate into fructose 1,6 biphospate.

Two ATP are produced during conversion of 1,3 biphosphoglycerate to 2 molecules of 3 phosphoglycerate, in the seventh step of Glycolysis.

In last step, phosphoenolpyruvic acid is converted to pyruvate, where 2ATP molecules are produced.

So, the net gain in the ATP molecules is (2+2) –(1+1) = 2molecules.

So, the net gain in ATP molecules during Glycolysis is 2molecules.

Glycolysis is the process or cycle where, glucose is converted into pyruvic acid. This process takes place in the cytoplasm of the cell. The main aim of glycolysis is to produce energy in our body. Pyruvic acid is produced during the anaerobic process and Lactic acid is produced during Anaerobic conditions.

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Assume+you+purchased+200+shares+of+msft+common+stock+on+margin+at+$70+per+share+from+your+broker.+if+the+initial+margin+is+54%,+how+much+did+you+borrow+from+the+broker?

Answers

Rationale: 200 shares * $70/share * (1-0.55) = $14,000 * (0.45) = $6,300.

What are shares?

Simply put, a share is a portion of ownership in a business or a financial assetShareholders are people who own stock in a company.

Companies sell shares to raise the funds necessary for their business's growth and expansion as well as to fund specific projects that will increaserevenue. These corporations offer a variety of shares for sale, both publicly and privately.

People purchase and trade shares as a way to gain exposure to both the health and growth of the global economy as well as a specific company.Whether you have a long-term or short term interest will determine whether you invest in stocks or trade on their price.

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A street vendor sells two types of newspapers, one for $0. 25 and the other for $0. 40. If she sold 100 newspapers for $28. 00, how many newspapers did she sell at $0. 25?.

Answers

The street vendor sold 80 newspapers for $0.25.

Let he sell x no. of one type newspaper cost $0.25.

Than the no. of another type of newspaper have cost $0.40=100−x

Then according to the question

=0.25(x)+0.40(100−x)=28

=0.25x+40−0.40x=28

=0.25x−0.40x=28−40

=−0.15x=−12

=x=12/0.15

=80

The street vendor then sells 80 newspaper of one type having cost 0.25.

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You are a manager, and you have an employee who has a high external locus of control. you should:_________

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You are a manager, and you have an employee who has a high external locus of control. you should accept situations that you can't influence, and to manage them

The ability to significantly affect someone or something is known as influence. If someone has an impact on another person or object, they are indirectly yet significantly altering it.People who exert influence on others occasionally do so unintentionally and occasionally for selfish reasons. The employment of political power is an example of a personal benefit or advantage.

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Which of the major components of gdp has driven china's growth over these past 2 decades? which component has been purposely curtailed in order to drive this growth?

Answers

There are majorly two components that economists generally attribute much of China's rapid economic growth over the past two decades and they are;

large-scale capital investment (financed by large domestic savings and foreign investment) and, rapid productivity growth.

China's export and investment-driven economy is the component that has been purposely curtailed in order to drive this growth

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Which acronyms are mentioned in the reading as being important to today's marketing professionals?

Answers

The acronyms which are mentioned in the reading as being important to today's marketing professionals are CRM, SRM and SEO.

Customer relationship management (CRM) is a system that allows you to manage all of your company's relationships and interactions with current and prospective customers. The idea is straightforward: improve business ties in order to expand your company. A CRM system assists businesses in staying connected to customers, streamlining procedures, and increasing profitability.

SEM is an abbreviation for "Search Engine Marketing." A type of internet marketing that aims to increase the visibility of websites in search engine results pages (SERPs). Search engine optimization (SEO), sponsored placement, contextual advertising, digital asset optimization, and paid inclusion are all SEM approaches. When used to describe a person, it stands for "Search Engine Marketer," or someone who practices SEM.

SEO stands for Search Engine Optimization, and it is the process of optimizing a website's technical configuration, content relevancy, and link popularity so that its pages are easier to locate, more relevant and popular to user search queries, and, as a result, search engines rank them higher.

Hence, the answer is CRM, SEM and SEO.

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The quantity demanded of a product increases when consumer incomes increase and decrease when incomes decrease. this product can be classified as a(n)?

Answers

The quantity demanded of a product increases when consumer incomes increase and decrease when incomes decrease. this product can be classified as a Normal Or Inferior Good.

Normal Goods: A Normal good is one whose demand rises as a result of an increase in consumer income. Demand and income are positively correlated for Normal products. Basic necessities including food, clothing, and domestic equipment are examples of normal products.

The quantity demanded of a product increases when consumer incomes increase and decrease when incomes decrease. this product can be classified as Normal Goods.

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What processes at manufacturing firms are really service processes that involve considerable customer contact? can customer contact be high, even if the process only has internal customers

Answers

Some service procedures involving consumer interaction are used by manufacturing companies.

Direct interaction between the salesperson and the customer occurs during product delivery to the customer. The processes are:

• Transaction process

• Post-purchase services

• Customer feedback and grievances

• Asking customers about a product's attributes.

What are Manufacturing firms?

A manufacturing company is a for-profit organization that transforms components or raw materials into completed goods. These goods are made with customers' needs and expectations in mind.

"A corporation involved in the production of some article, thing, or object, by skill or labor, out of raw material, from stuff which has already been subjected to artificial forces, or to which something has been added to change its natural condition," according to the dictionary.

To effectively carry out the mass production of standardized items, manufacturing businesses frequently use organizational structures that emphasize task specialization and division of labor.

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The "Screaming Swing" is a carnival ride that is - not surprisingly - a giant swing. It's actually two swings moving in opposite directions. At the bottom of its arc, a rider in one swing is moving at 34 m/s with respect to the ground in a 46- m -diameter circle. The rider in the other swing is moving in a similar circle at the same speed, but in the exact opposite direction. What is the acceleration, in m/s2 , that riders experience? Combustion reactions release large amounts of energy as heatand/or light.TRUEFALSE Improve this will give brainliest if correct If p. caudatum is roughly twice as large as p. aurelia, how did the total number of cells compare after 22 days of separate growth? Find the eighth term of each geometric sequence. 10,5,2.5, . . . . . What is the wavelength of the line corresponding to n=n= 4 in the balmer series? what resident of Louisville,ohio pushed to have September 17th recognized Which of the following is true?a Liquids are denser than gasesb Liquids are less dense than gasesc Liquids and gases are the same densityd None of the above Write an equation of each line in standard form with integer coefficients.the line through (2,3) and (4,5) on december 31 the company purchases equipment for 10,000 and pays cash of $10,000 Generally speaking, ARDS develops within a mean range of 2 hours after hospital admission A person is dragging a crate over a shag carpet with a push force of 10N. The shag rug creates a friction force of 5N. The mass of the crate is 5 kg. Calculate the acceleration of the crate?(Just enter the numbers, no The security team in a mid-sized company wants to test drive encryption using an hsm. what are three possible ways of accomplishing this? SVP AIDER MOIredige une scene dexposition dans laquelle tu parles une situation embrrassantevet genante PLS HELP I NEED THIS ASAP The angles of a quadrilateral are in the ratio 1:2:2:4. What is the measure, in degrees, of the largest angle?A. 40 degreesB. 60 degreesC. 80 degreesD. 160 degrees The difference between leadership substitutes and leadership neutralizers is that substitutes make leadership _________, whereas neutralizers make leadership What aspects of life have been changed by the internet? Write the equation of the circle that passes through the given point and has a center at the origin. (Hint: You can use the distance formula to find the radius.) (-5,0) Explain why the president needs a staff to run the Executive office of the President (EOP) ?