...Week 8 – Checkpoint 1 (Instructor Answer Key) 6.6 (a) Debt Equity Debt Ratio* 40+10 90+10 = 50% 40 90+10 = 40% Times Interest Earned* 18 4.8+1.5 = 2.86 x 18 4.8 = 3.75x Operating Profit 18,000,000 18,000,000 Interest Expense 6,300,000 4,800,000 Earnings before tax 11,700,000 13,200,000 Income tax exp. (40%) 4,680,000 5,280,000 Net Income 7,020,000 7,920,000 Shares Outstanding 800,000 1,000,000 Earnings Per Share $8.78 $7.92 Return on Equity 7,020 50,000 = 14.04% 7,920 60,000 = 13.20% Return on Assets (adjusted) 7,020+6,300(1-0.4) 100,000 = 10.80 7,920+4,800(1-0.4) 100,000 = 10.80 Financial Leverage Index 14.04 10.80 = 1.3 13.20 10.80 = 1.2 *Numbers are in millions (b)Use of debt would increase the debt ratios from 44% to 50%, while equity financing would reduce the debt ratio to 40%. Interest coverage would decline from 3.1 times to 2.86 times if debt is employed; times interest earned would increase to 3.75 times with stock financing. Earnings per share would be higher with the debt financing. The financial leverage index is greater than 1, indicating the successful use of financial leverage under either alternative, but is higher with debt financing. The Board would want to consider each of these ratios and other factors as well. The additional risk resulting from adding debt would likely exert downward pressure...
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...From the analysis of the Eastman Kodak Company’s consolidated statement of financial position or income statement, which is stated in millions except for share and per share data, there were some differences that are discussed in the following: operating income, comprehensive income, total liabilities, and total shareholders’ equity. Although there was no change in the cost per share there was a change in the retained earnings though. Under the company’s assets the substantial changes occur in the following from 2003 to 2004. There was a $5,000 increase in cash and cash equivalents in 2004. There is a $217 million dollar increase in net receivables in 2004. There was an increase of $80 million in the inventories net in 2004. The company’s deferred taxes in 2004 decreased $40 million compared to 2003. The other current assets for 2004 was 24 million less than 2003, as well as decrease of assets of discontinued operations in 2004 of 42 million. This left a total decrease of $109,000 in total current assets from 2003 to 2004. There was a decrease of $539,000 in 2004 in property, plant and equipment net. The company increased their goodwill assets by $97,000 in 2004 and raised their other long term assets by $202,000 in 2004. There were no assets of discontinued operations claimed in 2004 for the company’s long term assets. This left a total decrease of $109,000 in total assets from 2003 to 2004. Under the company’s liabilities and stockholders’ equity there were some substantial...
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...GUIDELINES...............................................................................7 REAR YARD FENCE GUIDELINES ......................................................................................9 PLAY EQUIPMENT GUIDELINES ......................................................................................11 SATELLITE RECEIVER (DISH) GUIDELINES ..................................................................13 GENERAL IMPROVEMENTS, LANDSCAPE & MAINTENANCE GUIDELINES..........14 LIST OF RECOMMENDED PLANT SPECIES ....................................................................19 EXHIBIT A REQUEST FORM 2 CHRISTENBURY MASTER ASSOCIATION, INC. ARCHITECTURAL CONTROL COMMITTEE INTRODUCTION The Architectural Control Committee (ACC) is providing the attached Architectural Design Guidelines (“Guidelines”) in accordance with that Declaration of Covenants, Easements, Conditions and Restrictions (“Declaration”), for purposes of establishing and maintaining exterior design elements throughout Christenbury. This document should be filed with the homeowners’ copy of the Declaration received at closing. It is the responsibility of each homeowner to pass along the Declaration and Guidelines to any future buyer of their home at Christenbury. It is important to note that the Guidelines are applicable to most all future building exterior and property...
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...Jose Cando ENGL-2327 April 26, 2014 Balcones Fiction and Poetry Winners Reading Event: Natalie Diaz’s Reading of When My Brother Was an Aztec Outside the ACC Theater on April 9th, the public was greeted by tables of refreshment including fruits cheeses and crackers which was a nice surprise. Although, I had expected a packed theater, only about forty people were waiting inside. The event started at 6:30 pm when Charlotte Gullick, the chair of the creative a writing department took the stage. After promoting some of creative writing classes at ACC, she described the significance of the Balcones prizes. A teacher from the English department took the stage next to talk a little more about the Balcones prize. He pointed out that Natalie Diaz was the sixteenth winner of this prize. He described Ms. Diaz as a woman with her foot “in three different worlds.” Her childhood was spent on the Mojave reservation in the California Desert. She attended college in Virginia on a basketball scholarship, and from there she played professional basketball in Europe and Asia. After injuring her knee, she left basketball to study poetry in graduate school. Therefore, he claimed, she has a foot in the worlds of the reservation, basketball and poetry. With that, he welcomed Nathalie to the stage. Nathalie jumped into reading her poem, “When My Brother Was an Aztec.” I was shocked to hear the bitterness and resentment in her voice as she describe her brother as a nasty and careless force which...
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...Week 9 Final Evaluating Financial Health Accounting 230 – Financial Reporting: Peeking Under the Financial Hood Continental Airlines Continental Airlines (Continental) was incorporated in 1980. Based out of Houston, Texas, Continental Airlines is fifth largest airline in the world. This is based on the 2009 number of scheduled miles flown by revenue passengers (SEC1). Continental and its smaller divisions offer more than 2,750 departures in the Americas, Europe and Asia. Continental currently employs more than 43,000 people. More than 67 million people per year choose continental as their chosen air carrier (Unknown2). With such a big company comes incredible opportunity for large amounts of profit to be made or lost. Current Happenings Recently, Continental merged with former competitor United. The merger took place May 3, 2010. This merger was created to provide customers with a higher quality of service, improve career opportunities within the company and to improve profitability and shareholder value over a longer term (Unknown2). The related costs associated with the merger, and other unique charges, was $24 million. The majority of these costs were related to financial advising fees, legal fees, and consultant fees, cost of communication and accounting fees. The merger is expected to bring between $800 million and $900 million in revenue annually (Unknown1). Current Financial Performance – 2010 The second quarter for 2010 proved to be extremely profitable...
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...Presenting to Stakeholders acc / 230 October 2, 2011 EdwardClark Presenting to Stakeholders In this year’s annual report there are a few main ideas that I believe that the stakeholders should take the time to review in order to proceed into the future with a healthy company. We are going to want to keep in mind our creditors and make sure to answer all of their questions. We can do that by having our financial statements and our analysis notes on hand to present. We want to show how all of our payments have been paid in a timely manner. We want to explain why additional loans were taken out and what the terms of the loan is such are; the length of the loan and the interest rate. We want to show how the company is generating money by comparing this year’s cash activities with last year’s. We will also want to show how solvent the company is and that the company can handle some unexpected expenses without it becoming a hardship to the company. With today’s economic market being a real roller-coaster the board is going to need to focus on areas of the company that are not profitable and how they plan on changing those numbers around to make it profitable. Looking at the past performance and current market situation we need to lay out what will be the future strategy of the company. We must be provide the figures of earnings earned by the company and what changes have taken place in the current year as compared to previous year with reasons of changes. Every company has...
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...ACC 230 WEEK 3 CHECKPOINT To Download this course, visit this link http://www.nerdypupil.com/product/acc-230-week-3-checkpoint/ Or email us at support@nerdypupil.com ACC 230 WEEK 3 CHECKPOINT CheckPoint: Preparing an Income Statement Resources:Ch. 3 of Understanding Financial Statements, andmultistep_template.xls Complete Problem 3.10 on p. 109 (Ch. 3). Use multistep_template.xls to prepare a multiple-step income statement. Write a 200- to 300-word summary analyzing the implications of profitability and the net income of the company. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 230 Week 3 CheckPoint in order to ace their studies. ACC 230 WEEK 3 CHECKPOINT To Download this course, visit this link http://www.nerdypupil.com/product/acc-230-week-3-checkpoint/ Or email us at support@nerdypupil.com ACC 230 WEEK 3 CHECKPOINT CheckPoint: Preparing an Income Statement Resources:Ch. 3 of Understanding Financial Statements, andmultistep_template.xls Complete Problem 3.10 on p. 109 (Ch. 3). Use multistep_template.xls to prepare a multiple-step income statement. Write a 200- to 300-word summary analyzing the implications of profitability and the net income of the company. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 230 Week 3 CheckPoint in order to ace their studies. ACC 230 WEEK 3 CHECKPOINT To Download this course, visit this link http://www.nerdypupil.com/product/acc-230-week-3-checkpoint/ ...
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...ACC 230 Week 9 Starbucks Financial Health Paper – (Material ) http://homeworklance.com/downloads/acc-230-week-9-starbucks-financial-health-amaterial/ In 1985, Howard Schultz founded Starbucks. In Seattle Washington in a store called Giornale Coffee Company caught Howard’s attention; from that moment Howard had the idea of a Coffee Bar. Two years later, in 1987, Howard and other co-partners opened very first Coffee Bar and named it Starbucks. Starbucks headquarters are located in Seattle, Washington. (Business Week, 2000-2008). Howard Schultz is not only the founder of Starbucks; Howard is also the chairman, president and chief executive officer of Starbucks. Starbucks Corporation and subsidiaries purchase, roasts, and sells whole bean coffees to the consumer. Starbucks also sells a variety of fresh brewed coffees, espressos, specialty teas, and cold blended coffee drinks at their locations. Food items such as baked treats, sandwiches and fruit are also available for purchase at Starbucks. Starbucks also specialty coffee mugs, travel mugs and a line of coffee brewing accessories through company operated retail stores. Supermarkets and liquor stores also carry a line of Starbucks ready to drink beverages. Summary of Starbuck’s current financial performance. According to the Starbucks Income statement, the company has had a decrease in revenue and a pick up in cost of good sold. Although the gross profit margin dollars are more then the year 2007, the company has dropped...
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...6/24/12 R.E.C’s accounting meeting with the Accountants, the CEO, Director of Investment Relations and Marketing and Art Department representatives is going to help design the annual report for the company through reviewing financial reports for 2007. There are an amount of ideas that can be looked at when working toward putting together R.E.C.’s annual financial report. The main idea should be about how the company did, why they did that good along with what areas within the company made things look that good. This would be presented by talking about quarterly totals, changes in quarters, what areas had made improvements in the company, what areas have gone downhill in the company and information about how the company did so well within the areas that they did well in and why they didn’t do well in others along with what changes can happen in the troublesome areas. This would be so that the CEO has a better understanding of how is company has done and an explanation as to what he and /or she has been seeing on paper. Another main idea would be an outlook on the investors’ behalf, something talking about how the company’s performance record is, what the investors should expect to see in the future and how their capital structure and competitive position are within their said industry. This would be presented as talking about some of the financial statements and where the company stands financially and if they should make any changes to how they are handling their debt and...
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...ACC 230 WEEK 2 CHECKPOINT DIFFERENTIATING To Download this course, visit this link http://www.nerdypupil.com/product/acc-230-week-2-checkpoint-differentiating/ Or email us at support@nerdypupil.com ACC 230 WEEK 2 CHECKPOINT DIFFERENTIATING CheckPoint: Differentiating Depreciation Methods Resource:Ch. 2 of Understanding Financial Statements Compose a 200- to 300-word response to Question 2.4 on p. 74 (Ch. 2). In addition, include a summary of the advantages and disadvantages of using different depreciation methods, such as straightline versus accelerated. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 230 Week 2 CheckPoint Differentiating in order to ace their studies. ACC 230 WEEK 2 CHECKPOINT DIFFERENTIATING To Download this course, visit this link http://www.nerdypupil.com/product/acc-230-week-2-checkpoint-differentiating/ Or email us at support@nerdypupil.com ACC 230 WEEK 2 CHECKPOINT DIFFERENTIATING CheckPoint: Differentiating Depreciation Methods Resource:Ch. 2 of Understanding Financial Statements Compose a 200- to 300-word response to Question 2.4 on p. 74 (Ch. 2). In addition, include a summary of the advantages and disadvantages of using different depreciation methods, such as straightline versus accelerated. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 230 Week 2 CheckPoint Differentiating in order to ace their studies. ACC 230 WEEK 2 CHECKPOINT DIFFERENTIATING ...
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...ACC 230 WEEK 9 CAPSTONE DQ To Download this course, visit this link http://www.nerdypupil.com/product/acc-230-week-9-capstone-dq/ Or email us at support@nerdypupil.com ACC 230 WEEK 9 CAPSTONE DQ Capstone Discussion Question What have you learned in this course about the process of analyzing financial statements? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 230 Week 9 Capstone DQ in order to ace their studies. ACC 230 WEEK 9 CAPSTONE DQ To Download this course, visit this link http://www.nerdypupil.com/product/acc-230-week-9-capstone-dq/ Or email us at support@nerdypupil.com ACC 230 WEEK 9 CAPSTONE DQ Capstone Discussion Question What have you learned in this course about the process of analyzing financial statements? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 230 Week 9 Capstone DQ in order to ace their studies. ACC 230 WEEK 9 CAPSTONE DQ To Download this course, visit this link http://www.nerdypupil.com/product/acc-230-week-9-capstone-dq/ Or email us at support@nerdypupil.com ACC 230 WEEK 9 CAPSTONE DQ Capstone Discussion Question What have you learned in this course about the process of analyzing financial statements? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 230 Week 9 Capstone DQ in order to ace their studies. ACC 230 WEEK 9 CAPSTONE DQ To Download this course, visit this link http://www.nerdypupil...
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...Week 6 Check point Locate the 2003 Consolidated Statements of Cash Flows for 1-800 Contacts, Inc. Net Income for this company is on a downward trend while cash provided by operating activities Is on an upward trend. Using any information you can obtain about this company and Industry, write a report explaining this abnormal trend between the net income and the Cash flow numbers and whether this should be a red flag to investors and creditors. During the first quarter of 2003 the company purchased assets and took over liabilities of Lens Express and Lens 1st. The total purchased consideration resulted in $6,904, with common stock value of $19,859 and operating liabilities of $4,099. Since this was purchased in 2003 the company will see a downward trend in net income while there is an increase in operating activities. This company just took over two other companies and now needs to pay back what was invested. Since the two companies was purchased in the first quarter of 2003 the interim period are not necessarily a result that could be expected for the full fiscal year of 2003. In 2003 the option to purchase 1,207,482 shared where not included in the computation of Diluted EPS because the effect would be anti-dilutive and decreasing the loss per common share. As of 2003 the company had 700,000 shares of restricted common stock that where held in escrow with no shares to be released for 12 months. Along with this the company also too out a loan for $10 million to be...
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...ACC 230 WEEK 6 CHECKPOINT ANALYZING STATEMENTS To Download this course, visit this link http://www.nerdypupil.com/product/acc-230-week-6-checkpoint-analyzing-statements/ Or email us at support@nerdypupil.com ACC 230 WEEK 6 CHECKPOINT ANALYZING STATEMENTS CheckPoint: Analyzing Statements of Cash Flows Resource:Ch. 4 of Understanding Financial Statements Complete Research Problem 4.8a on p. 142 (Ch. 4); however, choose three companies to compare instead of five. Post your table in a Microsoft® Excel or Word document. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 230 Week 6 CheckPoint Analyzing Statements in order to ace their studies. ACC 230 WEEK 6 CHECKPOINT ANALYZING STATEMENTS To Download this course, visit this link http://www.nerdypupil.com/product/acc-230-week-6-checkpoint-analyzing-statements/ Or email us at support@nerdypupil.com ACC 230 WEEK 6 CHECKPOINT ANALYZING STATEMENTS CheckPoint: Analyzing Statements of Cash Flows Resource:Ch. 4 of Understanding Financial Statements Complete Research Problem 4.8a on p. 142 (Ch. 4); however, choose three companies to compare instead of five. Post your table in a Microsoft® Excel or Word document. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 230 Week 6 CheckPoint Analyzing Statements in order to ace their studies. ACC 230 WEEK 6 CHECKPOINT ANALYZING STATEMENTS To Download this course, visit this link http://www...
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...ACC 230 WEEK 8 ANALYZING FINANCIAL DATA To Download this course, visit this link http://www.nerdypupil.com/product/acc-230-week-8-analyzing-financial-data/ Or email us at support@nerdypupil.com ACC 230 WEEK 8 ANALYZING FINANCIAL DATA CheckPoint: Analyzing Financial Data Resource:Ch. 6 of Understanding Financial Statements Complete Problem 6.6 on p. 232 (Ch. 6). Submit your answers to questions A and B. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 230 Week 8 Analyzing Financial Data in order to ace their studies. ACC 230 WEEK 8 ANALYZING FINANCIAL DATA To Download this course, visit this link http://www.nerdypupil.com/product/acc-230-week-8-analyzing-financial-data/ Or email us at support@nerdypupil.com ACC 230 WEEK 8 ANALYZING FINANCIAL DATA CheckPoint: Analyzing Financial Data Resource:Ch. 6 of Understanding Financial Statements Complete Problem 6.6 on p. 232 (Ch. 6). Submit your answers to questions A and B. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 230 Week 8 Analyzing Financial Data in order to ace their studies. ACC 230 WEEK 8 ANALYZING FINANCIAL DATA To Download this course, visit this link http://www.nerdypupil.com/product/acc-230-week-8-analyzing-financial-data/ Or email us at support@nerdypupil.com ACC 230 WEEK 8 ANALYZING FINANCIAL DATA CheckPoint: Analyzing Financial Data Resource:Ch. 6 of Understanding Financial Statements Complete...
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...From the analysis of the Eastman Kodak Company’s consolidated statement of financial position or income statement, which is stated in millions except for share and per share data, there were some differences that are discussed in the following: operating income, comprehensive income, total liabilities, and total shareholders’ equity. Although there was no change in the cost per share there was a change in the retained earnings though. Under the company’s assets the substantial changes occur in the following from 2003 to 2004. There was a $5,000 increase in cash and cash equivalents in 2004. There is a $217 million dollar increase in net receivables in 2004. There was an increase of $80 million in the inventories net in 2004. The company’s deferred taxes in 2004 decreased $40 million compared to 2003. The other current assets for 2004 was 24 million less than 2003, as well as decrease of assets of discontinued operations in 2004 of 42 million. This left a total decrease of $109,000 in total current assets from 2003 to 2004. There was a decrease of $539,000 in 2004 in property, plant and equipment net. The company increased their goodwill assets by $97,000 in 2004 and raised their other long term assets by $202,000 in 2004. There were no assets of discontinued operations claimed in 2004 for the company’s long term assets. This left a total decrease of $109,000 in total assets from 2003 to 2004. Under the company’s liabilities and stockholders’ equity there were some substantial...
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