...Some pros and cons involving today’s debate about the policies: Pros include: The no child left behind act. This is where no child is left behind for their education. Each child is given the right for further education help and is given an opportunity for success for their future using the available programs that’s proven to work. Only 1 percent is not required to take a test which is the children who cannot speak fluent English. A test children must take is standardized by the state and is also known as the “teaching the test”. This test not only proves what each child does not know but what the teacher’s must focus on in order to make the children become successful for their further education learning’s. The national school lunch program. This is a program where it was very important for low income families. I believe this was a very good idea. “At the President's direction, the Food and Nutrition Service was created as a new agency within the Department of Agriculture exclusively to administer Federal food programs, including the school lunch program, and other agencies involved were directed to coordinate their activities with those of the Department of Agriculture” (Gunderson, 2013). Children with the proper food in their stomachs will help them live better and grasp what they learn every day in school. It keeps them away from being sick and missing days of school and this program helps them stay focused with full attention using their brain. Cons include: The no child left...
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...Effective Date, Transition Method, and Transition Disclosures 40. The Task Force affirmed as a consensus that this Issue shall be applied on a prospective basis for revenue arrangements entered into or materially modified in fiscal years beginning on or after June 15, 2010, with earlier application permitted. However, if a vendor elects earlier application and the period of adoption is not the first reporting period in the vendor's fiscal year, the guidance in this Issue must be applied through retrospective application from the beginning of the vendor's fiscal year. The vendor must disclose the effect of the change to those previously reported periods in the year of adoption. 41. The Task Force also reached a consensus to provide entities with the option of applying this Issue on a retrospective basis in accordance with the guidance in paragraphs 25010459 and 4510 on the presentation of accounting changes and error corrections. Task Force members observed that the guidance in Subtopic 25010 does not permit retrospective application of a new accounting principle to a prior period if it is impracticable to apply it retrospectively to that period. 42. The Task Force reached a consensus on the transition disclosure requirements that an entity shall disclose information that enables users to understand the effect of the change in accounting principle on revenue trends. To satisfy that objective, an entity is required at a minimum to disclose qualitative information...
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...Form 10-K 1 of 56 http://www.sec.gov/Archives/edgar/data/1046501/000104596903000752... 10-K 1 d10k.htm FORM 10-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) x Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 29, 2002 or ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period From to . Commission file number 0-25721 BUCA, INC. (Exact name of registrant as specified in its charter) Minnesota 41-1802364 (State or other jurisdiction of incorporation or organization) (I.R.S. employer identification no.) 1300 Nicollet Mall, Suite 5003 Minneapolis, Minnesota 55403 (Address of principal executive offices) (Zip code) (612) 288-2382 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: common stock, par value $.01 per share. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨ Indicate by check mark if disclosure of delinquent filers pursuant...
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...hourly associates Increase of Increase of More than 59% in earnings per share(1) (1) Data reflects five-year period from fiscal 2009 through 2013. 123% in free cash flow(1)(2) $ 60B returned to shareholders through dividends and share repurchases(1) (2) Free cash flow is a non-GAAP measure. Net cash provided by operating activities of continuing operations is the closest GAAP measure to free cash flow. Reconciliations and other information regarding free cash flow and its closest GAAP measure can be found in the Management’s Discussion and Analysis of Financial Condition and Results of Operations included in this Annual Report and on our website at www.stock.walmart.com. About the cover: Regardless of the market where we operate, the retail format or the website, Walmart serves customers with one core mission: to help people save money so they can live better. To learn more about Walmart’s business strategies and company mission, please visit our electronic report at www.stock.walmart.com. You’ll hear from management, associates and customers about our business. Many of Walmart’s most innovative ideas originate from the insights of associates across our global operations. Michael T. Duke President and Chief Executive Officer Wal-Mart Stores, Inc. To our shareholders, associates and customers Over the last few years, I’ve shared with you how we would build the “Next Generation Walmart” and serve the “Next Generation customer.” This came...
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... what elements of the arrangement would qualify for, and be accounted as, separate units of accounting? • Yes, it is a multiple element arrangement since it is a sales arrangement that involves delivery of multiple products and services over extended period of time. • The following would quality for separate units of accounting: a. Equipment b. Installation c. Maintenance & Support 2. If the arrangement consists of more than one unit of accounting, how should the arrangement fee be allocated between the separate units of accounting? Assume Manini early adopted the provisions of EITF Issue No. 00-21, Revenue Arrangements With Multiple Deliverables. How much revenue, if any, should be recognized in the fiscal year ended February 28, 2003 and 2004, respectively? • In 2003, revenue recognized = $50,000 + $150,000 + $300,000 for equipment. • In 2004, revenue recognized = $500,000 for installation services. In 2004, revenue recognized = $50,000 for maintenance and support services. 3. How would your responses to Issues 1 and 2 change, if the customer had a specific right of return such that the customer may receive a refund of amounts paid upon contract signing, delivery of test data, and delivery of equipment, if Manini fails to complete the installation process? • If specific right of return exists in contract as described in question above, the following would quality for separate units of accounting: a. Equipment...
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...Interoffice Memo Vibert Jacob South University Business Communications | BUS2023 XA Instructor: Robert Dunoskovic March 9, 2014 To: All Employees From: Albertina Sindaha, Operations Manager Date: 03-07-2014 Re.: Cleanup I am obligated to express concern about how we at H&R Brokerage Firm handle matter related to the work area cleanup on Friday which did not get done. Some of you cleanup your desk but the common area still remain unclean. As you all know, the common area is used by all, so this coming Friday we will all try this again. In the fiscal year budget there was not much funds allocated custodial maintenance. With that being said if everyone would clean up after himself or herself it would make things a lot more easer for everyone. The targeted areas to be cleaned are as follows: 1. The copy machine area:- We should make sure that the waste baskets are empted out. Also make sure that supplies are neatly organized on the shelves. 2. The lunch room:- Counters need to be wipe down after use The refrigerator need to also be kept clean any food item left in there over the weekend should be thrown out on Monday morning. The sinks and coffee machine should also be wiped down after every use. And last but not least the office shelves should be reorganized at the end of every work day. I don’t to implement a cleaning schedule but would like for everyone to come together as a team and work together in the keeping...
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...ECO 151 Robin Turner September 10, 2013 Virginia GDP Virginia GDP was ranked 40th in the nation back in 2012. In 1997 Virginia’s GDP was 210.97 billion, and by 2012 it had risen to over 400 billion. From Richmond down to Lee County southwest includes military installations, cattle, tobacco and peanut farming in Southside Virginia. Tomatoes recently surpassed soy as the most profitable crop in Virginia. However, income statistics showed mixed results in FY 2012. Personal income increased by more then 4.0 percent. Wages and salaries, which accounted for 55 percent of total personal income in fiscal year 2012, grew 2.6 percent, lagging the forecast of 3.3 percent growth. Net transfer payments rose 11.2 percent, far ahead of the forecast of 5.8 percent growth. Proprietor's income, and supplements towages and salaries were below forecast in FY2012. Northern Virginia, which is comprised of professional and business services sector, added 7,900 new jobs in FY 2012. This area also represents 36 percent of all jobs within the state. And not to be lift behind is the government jobs, which led all sector of the state economy, contributed over $73 billion in economic development. Also, the shipbuilding industry adds heavily to Virginia’s GDP. They employ over 26,000 Virginians, which accounts for 1.3 percent annually from the industry. Virginia, California, Louisiana, Texas and Mississippi are among the top five states that account for 62 percent of all private employment in the...
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...Introduction Cisco is a worldwide leader in networking that transforms how people connect, communicate and collaborate. For the year 2012, Cisco reported its fourth quarter and fiscal year results for the period which ended on July 28, 2012 with net sales of $11.7 billion. Cisco was incorporated in December 1984 in California. Cisco’s stock ticker is CSCO. The stock was added to the Dow Jones Industrial Average on June 8, 2009, and is also included in the S&P 500 Index, the Russell 1000 Index, NASDAQ 100 Index and the Russell 1000 Growth Stock Index. Cisco headquarters are located at: 170 West Tasman Dr. SAN JOSE, CA 95134-1706 United States +1-408-526-4000 (Phone) Executive Compensation Compensation for executives consists of three parts including the base salary, variable cash incentive awards, and long term equity based incentive awards. As the chart below displays, the base salary for John Chambers is set at $ 375,000 which is well below the 25th percentile and has remained unchanged since FY 2008. Cisco establishes base salaries at the beginning of the fiscal year based on the performance of the previous year. Performance measure and goals for determining annual cash incentive awards for the executives are pre-established in Code Section 162. The pre-established goals are established based on Cisco’s accomplishment of the financial performance goals, customer satisfaction criteria, and the individual executive’s contribution. Bonuses for all executive officers excluding...
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...BUS827 Astor Lodge and Suites, Inc Case1 Hints Dr David Gray Email: david.gray@mq.edu.au Astor Lodges Caase 1 1 Case Questions Problem Losing Money: Astor Lodge & Suites, Inc., a 250 property hotel chain, is about to post its fifth consecutive unprofitable fiscal year. Requirements: Prepare Presentation for new President and CEO, Joseph James, describing each VPs 1) his or her initiatives, expenditures, and outcomes for each of the past two fiscal years, and 2) planned initiatives and budgetary needs for fiscal 2006. 3) Show how their staffs prior and planned initiatives and expenditures contributed the company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) - the corporate performance metric recently adopted by Mr. James and the Astor Lodge & Suites, Inc. Board of Directors. Astor Lodges Caase 1 2 Case Objectives This case has four teaching objectives: 1. To introduce students to the economics of the U.S. hotel industry. 2. To affirm the fundamental role that segmentation, targeting, and positioning plays in crafting an advertising and sales program. 3. To alert students to the growing senior management insistence on financial accountability when preparing marketing, advertising, and sales programs. • 4. To consider the objective-task approach to communication budgeting. 5. To apply contribution analysis in the evaluation of marketing decisions. Astor Lodges Caase 1 3 Case Questions Assessment (A2)- Case 1 – Due 7 April...
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...properly gauge what will be needed for the coming two years in each department is an important aspect to a successful budget. The person in charge of the budget for each department needs to know how to properly budget and respond to the needs of the state in the most fiscal way possible. A budget is only as good as the person who is running it. The Nebraska State budget is complex, but with the right amount of team work and dedication, it seems to run very smoothly. Nebraska State Budget The Nebraska State budget is set on a biennium basis. Since this is the case the budget will need to be looked at for the next two years. The thing to keep in mind is the total “Budgeted Amount” for the Budget Status Report should reflect all “new” appropriations authorized by the Legislature for fiscal year 2013-14 as well as any appropriations from fiscal year 2012-13 that will carry over to the current budget. Having a Budget Status Report satisfies the requirement to provide an estimate of fiscal year expenditures. The Nebraska State Budget should be conducted in a responsible manner that reflects the most efficient use of the state’s money (NCSL, 2013). Budget Information The State of Nebraska’s budget is done on a biennium basis. The Governor’s budget recommendations play an important role in the budget making process. The budget is decided two years at a time and has to include appropriations that may carry over from the prior year. It is the responsibility of the legislature to...
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...producer of FIRE AND SECURITY industrial valves SYSTEMS w e h a v e g row n o u r ea rni ng s a t a 35% com pounded r ate for the past fi v e y ear s we lead the burgeoning global market in undersea fiber optic telecommunications W E H AV E 1 8 2 , 0 0 0 EMPLOYEES IN OVER 80 COUNTRIES AROUND THE we are a global leader in disposable health care we achieved sales of over $22 billion in fiscal 1999 we do not make toys . . . and never have 1 1. telecommunications and electronics If you knew Tyco last year, look again. The Company has evolved into a leader in the fast-paced, high-tech world of electronics. Our merger with AMP, the world’s largest maker of electrical connectors, and the acquisition of Raychem, a leading manufacturer of high-performance electrical components, created the nucleus for the formation of Tyco Electronics Corporation, the world’s largest supplier of passive electronic components. The diverse capabilities of AMP and Raychem, combined with the soaring growth of our telecommunications business, means that in fiscal 2000 Tyco will derive 40 percent of its revenue from telecommunications and electronics. The products we make are hard to see, but they are virtually everywhere — you use them every day. You’ll find AMP and Raychem connectors, as well as wireless, touch screen and fiber optic components, in cellular products,...
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...BestBuy Case Study TROYFONTAINE MACON: M6marketing [2011] [Best Buy is considering reducing their current store sizes, and changing their operational infrastructure. This is a good idea, and a typical retrenchment strategy, but I believe there to be better alternatives. Executive Summary According to multiple media sources, Best Buy is considering reducing their current store sizes by 10%, and changing their operational infrastructure. This is a good idea, and a typical retrenchment strategy, but I believe there to be better alternatives. Implementing Subway restaurants inside of Best Buy‟s instead of reducing the size of Best Buy stores by 10% may have the same financial underlining but not the same market impact. Subway is a restaurant chain that has (1) Brand Recognition (2) Good Public Image “healthy”, “fresh”, “Inexpensive” (3) Strong Independent Advertising Campaigns (4) Profitability within a Growing Industry. Subway restaurants promote and advertise timely events such as movies, athletic events, months, holidays, etc. to go along with Subway‟s existing promotional deals such as the “$5 Footlong” sandwich deals. Subway creates daily incentives for customers and provides a multitude of product offerings that allow Subway not to get stagnant or predictable to consumers. “Take your pick; eat a sandwich on a budget and lay out $5 for a 12‟inch submarine, or eat a fresh, healthy one to train like Michael Phelps, lose tons of weight like Jared Fogle (Subway spokesman)...
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...our coffee core. Second, we will exercise relevant, timely, and courageous innovation. And third, we will ceaselessly honor our values. We’ve been building a company with a conscience for four decades, and the reservoir of trust we have earned is perhaps our most precious asset. As we continue to execute our Blueprint for Profitable Growth to become a truly performance-driven global organization, we are committed to leading through the lens of humanity, not just when it is convenient or easy. This alone makes our partners incredibly proud. At Starbucks our aspiration is nothing less than to be among the most enduring brands of our time. Goals: We anticipate having 20,000 stores on six continents by 2014. Additionally, over the next five years, we plan to open 3,000 new stores in the Americas region alone. Unlike a period in our past, I assure you that our growth today is highly disciplined. As always, our...
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... ………………………. IBS/1550/11 ………………………. IBS/1460/11 ………………………. IBS/1595/11 ……………………… IBS/1586/11 ……………………… IBS/1467/11 ……………………… Question 1 Evaluate the steps in the preparation of a local government budget. The term budget is derived from the French word "Budgette" which means a "leather bag" or a "wallet". In simple terms, budget shows the income and expenditure of government or an organization for a specified period. Budgeting on the other hand is the process of preparing a budget. An annual budget, sometimes referred to as the operating budget, is the document that details the financial plan of the local government or school district for a fiscal year. The annual budget is perhaps an entity’s most vital document and should be developed using all of the most current and accurate information available. The budget is not just a financial plan; it also has legal implications, which are delineated in the “Implementing the Budget” section of this guide. Furthermore, the budget process does not end with the adoption of the budget. Instead, the budget is a document that must be monitored and amended from...
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...strategic objectives. Once the plan is put in place, no follow up is done whether or not if they are on track and aligned to achieve those objectives. Management may be side tracked with other initiatives and totally skips the process of monitoring. In today’s dynamic environment where things are changing on the daily basis, it is critical to monitor your strategic plan more frequently than ever and modify the plan accordingly. You simply cannot create a plan and forget about it. Overall objectives may be realistic or too vague: Sometimes the strategic objectives are not SMART (Specific, Measurable, Attainable, Realistic, Timely). Management may set up an objective to double their revenue in the current fiscal year without analyzing the external and internal factors such as economy, resources, competition etc., which may be impossible to achieve no matter how many resources are put on that initiative. No buy in from the stakeholders: Management quite often prepare their strategic plan without consulting all stakeholders thereby setting up objectives that are not feasible. For example: a management team may set up an objective to improve efficiency in their call center and answer every call within a minute but if they do not have a budget and resources to answer those calls then that strategic...
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