...Financial Reporting Problem, Part I ACC/290 University of Phoenix Financial Reporting Problem, Part I The company’s annual report is important because it gives the shareholders a clear picture and understanding about how the company is doing financially. The annual reports provide thorough information on very significant section of the accounts, such as the balance sheet, the income statement, and the cash flow statement. The information presented in the annual report would also be essential to potential investor, employee, and any other people that may have interest in financial aspect of the business. The company’s total assets at the end of 2009 were $39,848,000 (PepsiCo, n.d.). However, in 2010 its most recent annual report shows an increase to the previous annual reporting period of $28,305,000 that brings PepsiCo’s total assets to $68,153,000 (PepsiCo, n.d.). This information is important because it demonstrate what the company owns. It gives an understanding of the financial condition of the company, whether or not there have been improvement from the previous years. The current assets are the first thing on the balance sheet under the asset column. A company lists all of the possessions that it may convert into cash in a short period, that normally takes place with a year or less. Because these assets can easily turn into cash the company refers to them as “liquid” assets. Cash and cash equivalents are the most liquid assets found within...
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...theme " Problems of the Russian financial markets ." Financial relations are a crucial element binding system of economic relations into a coherent whole , especially in the formation and development of market relations. The financial market is to establish direct contacts between buyers and sellers of financial of resource. He is one of the most important elements of any economy , because it allows to mobilize available cash flow and efficiently distribute them among those who need them , thus contributing to the activity of economic agents and the economy as a whole. Therefore, this topic is relevant since the inception of commodity-money relations and the emergence of the state with its functions and objectives. The Russian economic science problems of financial market models and methods of its regulation serious attention . Object of research - Russian financial market . Subject of research - development of the financial market in the Russian Federation. The purpose of this coursework is to familiarize with the history of the Russian financial market , revealing its contemporary problems and prospects of development .. To do this, perform the following tasks : • master the basic aspects regarding the financial markets; • familiar with the basic concepts ; • examine the current situation on the world market; An analysis of the financial activities of the state , condition, problems and development of financial markets...
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...What were the company’s total current assets at the end of its most recent annual reporting period? The total current assets for Kroger Company most recent annual reporting period 2014 are $29.28Bfor period ending January 30, 2014. The "Marketwatch.com” (2015) The contributions for the total current assets are cash at $401 Million cash on hand with the highest amount listed, other accounts are short-term investments, accounts receivable, financing receivables, inventories all are net totals. The total current assets for Kroger previous annual reporting period are $24.65 Billion for period ending February 1, 2014. The increase in total current assets from year ending 2013 to the current reporting period of January 30, 2014 is $24.65 Billion. The largest swing in current assets was accounts receivable. The total decreased from $5,961 million to $4,731 million, a decrease of $1,230 million. The lowest swing was the financing receivable asset from $1,732 million to $1,712 million. This was a decrease of $20 million. Kroger Company. lists their assets in the order of liquidity. Their balance sheet lists cash first, then short-term investments, accounts receivable, financing receivables, inventories, and other current assets. Since assets on the balance sheet are listed in the order of liquidity, Kroger has correctly listed their assets in the proper order. Kroger Company. classifies their assets in this way. Under Current Assets is listed: Cash and cash...
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...completing her Masters degree she will earn $6,000 a year more for the next 40 years. a. What would be the total amount of these additional earnings? $240,000 b. What would be the future value of these additional earnings based on an annual interest rate of 6 percent? (Use Exhibit 3-B in the Chapter 1 Appendix) $928,560 2. Brad Edwards is earning $42,000 a year in a city located in the Midwest. He is interviewing for a position that is in a city that has a cost of living that is 12 percent higher than where he currently lives. What would be the minimum salary he would need at his new job to maintain the same standard of living? $47,040 5. Which of the following employee benefits has the greater value? Use the formula given in the “Financial Planning Calculations” box on page 56 to compare these benefits. (Assume a 28 percent tax rate.) a. A nontaxable pension contribution of $4,300 or the use of a company car with a taxable value of $6,325. The non-taxable contribution of $4,300 has a taxable-equivalent of $5,972.22. The Taxable company car has an after-tax equivalent of $4,554. The nontaxable pension contribution has the greater value. b. A life insurance policy with a taxable value of $450 or a nontaxable increase in health insurance coverage valued at $340. The taxable life insurance has an after-tax equivalent of $324. The nontaxable increase in health insurance has a taxable equivalent of $472.22. The nontaxable health insurance is the better value. 6. Bill Mason...
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...Starbucks Financial Analysis STARBUCKS CORPORATION CONSOLIDATED BALANCE SHEETS (in millions, except per share data) Sep 29, 2013 Sep 30, 2012 ASSETS Current assets: Cash and cash equivalents $ 2,575.7 $ 1,188.6 Short-term investments 658.1 848.4 Accounts receivable, net 561.4 485.9 Inventories 1,111.2 1,241.5 Prepaid expenses and other current assets 287.7 196.5 Deferred income taxes, net 277.3 238.7 Total current assets 5,471.4 4,199.6 Long-term investments 58.3 116.0 Equity and cost investments 496.5 459.9 Property, plant and equipment, net 3,200.5 2,658.9 Deferred income taxes, net 967.0 97.3 Other assets 185.3 144.7 Other intangible assets 274.8 143.7 Goodwill 862.9 399.1 TOTAL ASSETS $ 11,516.7 $ 8,219.2 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 491.7 $ 398.1 Accrued litigation charge 2,784.1 — Accrued liabilities 1,269.3 1,133.8 Insurance...
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...Financial Reporting Problem II Are the assets included under the company’s current assets listed in the proper order? Explain your answer. How are the company’s assets classified? ASSETS Cash and cash equivalents $ 15,659 $ 17,148 Marketable securities (Note 6) 20,284 18,618 Finance receivables, net (Note 7) 71,510 69,976 Other receivables, net 10,828 8,565 Net investment in operating leases (Note 8) 16,451 12,838 Inventories (Note 10) 7,362 5,901 Equity in net assets of affiliated companies (Note 11) 3,246 2,936 Net property (Note 13) 24,942 22,371 Deferred income taxes (Note 24) 15,185 15,125 Net intangible assets (Note 14) 87 100 Other assets 5,000 4,770 Total assets $ 190,554 $ 178,348 What are cash equivalents? Cash equivalents are highly liquid investments that are readily convertible to known amounts of cash, and which are subject to an insignificant risk of change in value due to interest rate, quoted price, or penalty on withdrawal. What are the company’s total current liabilities at the end of its most recent annual reporting period? $174,243,000.00 What are the company’s total current liabilities at the end of the previous annual reporting period? $163,277,000.00 Considering all the information you have gathered, why might this information be important to potential creditors, investors, and employees? Attach the certification from the CEO & CFO CERTIFICATION OF CHIEF EXECUTIVE OFFICER I, Alan Mulally...
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...Financial Reporting Problem, Part 1 ACC/290 April 20, 2014 Abstract In this paper we will discuss Walmart’s Balance sheet and Income Statement. We will analyze the company’s total assets at the end of the most recent annual reporting year and to why it is important. We then will talk about the company’s total assets, how much cash and cash equivalents did the company have, as well as, the amount of accounts payable at the most recent year, and from the previous year. What the company’s net revenues are from the last three annual reporting periods, the change in dollars in the company’s net income from the most recent annual reporting period to the previous annual reporting period. We will talk about the company’s total assets at the end of the most recent year and the previous year from the annual reporting period. Lastly, we will discuss as to what information that has been obtained within this paper that would be important to a potential investor, employee and so forth. Financial Reporting Problem, Part 1 Total Assets The total assets for Wal-Mart as of January 31, 2013 were $203,105,000. The reason this is important for a company or business to know, is so the business can have a better understanding of how much the company is worth. Knowing how much a company is worth is beneficial because the assets can be used as collateral for a loan. Also knowing the assets and comparing total assets to previous...
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...SunPower History SunPower has been developing world record-breaking solar technology since the 1970s. Our history over these decades has been marked by creativity, craftsmanship – and confidence. Today we are the global leader in developing high-efficiency solar solutions for homes, businesses and governments, commercial buildings and utilities. 2010s Through constant innovation and new partnerships, SunPower reaches new heights to become a global leader in the solar industry. |2010: |SunPower announces a world-record monocrystalline polysilicon| | |prototype cell with efficiency of 24.2%. | |2011: |-- Total SA and SunPower partner to create a new global | | |leader in the solar industry. | | |-- SunPower® Maxeon™ solar cell technology powers Solar | | |Impulse, a prototype solar airplane, that for the first time | | |in aviation history succeeds in flying for 26 consecutive | | |hours powered only by solar energy. | | |-- SunPower launches the C7 Tracker which concentrates the | | ...
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...TABLE OF CONTENTS Executive summary……………………………………………………………………………….2-3 BRAND / COMPANY HISTORY AND BACKGROUND 3-5 SWOT ANALYSIS 5-6 ANALYSIS OF COMPETITION………………………………………………………………………..6-8 RECOMMENDATIONS………………………………………………………………………………..8-11 CLOSING SUMMARY………………………………………………………………………………..11-12 BIBLIOGRAPHY………………………………………………………………………………………....13 STATEMENT OF TRUTH ………………………………………………………………………………14 Red Lobster Executive Summary: In 1968, Bill Darden and his team opened the first Red Lobster restaurant in Lakeland, Florida. Red Lobster is one of the largest casual chain restaurants in the world. The restaurant experienced much success, and in 1970 it was acquired by General Mills. In 1983, Red Lobster expanded internationally into Canada. In 1995, General Mills separated Red Lobster brand from the General Mills Restaurant Group and launched Darden Restaurants, Inc. The brand struggled throughout the following years due to the opening of competitive chains. Red Lobster experienced declining sales through the early 2000’s, due to faster dining options, such as Chipotle and Panera Bread. Currently, there are 705 locations worldwide, in countries such as United States, Canada, Malaysia, Saudi Arabia, Qatar, Mexico, and Japan. Unfortunately, Red Lobster is currently struggling from an identity crisis. Customers do not understand if the chain is supposed to be fast-casual, fine dining, or casual dining. The décor and atmosphere are very casual...
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...Financial Management - Chapter 4, problems 4-1, 4-2, and 4-7 4.1 –If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your account in 5 years? N = 5 I = 10% PV = $10,000 FV = $16,105.10 4.2 – What is the present value of a security that will pay $5,000 in 20 years if securities of equal risk pay 7% annually? N = 20 I = 7% FV = $5,000 PV = $1,292.10 4.7 – An investment will pay $100 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $500 at the end of Year 6. If other investments of equal risk earn 8% annually, what is this investment’s present value? It’s future value? Yr1-3 = $100 Yr4 = $200 Yr5 = $300 Yr6 = $500 I = 8% NPV = $923.98 FPV = $1,466.23 Chapter 5, problems 5-1, and 5-4 5.1 – $928.39 = PV (9%, 12, -80, -1000) 5.4 – 2 yr yield - 7% 3 yr yield - 7.33% Chapter 6, problems 6-1 and 6-3. 6.1 – (20,000/55,000) * .7 = .2545 (35,000/55000)*1.3 = .8272 = 1.08 6.3 – 1. 5% + 7% = 12% 2. 5%*1= 5, 5 + 12 = 16.9% What is an "opportunity cost rate" and how is this rate used in discounted cash flow analysis? What is an opportunity cost rate? “The opportunity cost rate is the rate of return available on the best alternative investment of similar risk” (Brigham & Ehrhardt, 2014). How is this rate used in discounted cash flow analysis? The opportunity cost rate is the value of "i" in the time value of money equation References ...
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...1. In Greece the banks didn’t sink the country. The country sank the banks. Discuss this view. Which are the main differences between the Greek crisis and the crisis of Ireland and Portugal? The main cause of the Greek crisis is the ongoing disclosure of statistics that were well hidden from the eyes of the public, leaving people in ignorance about their own country and the future. When the figures started to become revealed, breaking up the shocking news about the forgery that lasted for over 30 years, it left the world in wonder – how is it possible to disclose such a thing for so long, and how is it possible that such action remains unpunished? The problems caused by the global recession were compounded by revelations that national statistics had been altered in order to cover the fact that Greece, in terms of debt levels, exceeded limits set down by the EU. The country's debt is already well over 100 percent of GDP and is still rising. According to euro zone rules, total government debt should not exceed 60 percent of GDP. The country's budget deficit in 2009 was almost 13 percent of GDP, more than four times the 3 percent limit allowed in the euro zone. But beyond the debt there is more deficit. What Greeks did when they got all this borrowed money, they gave away incredible sums to citizens, raised the wages to such an extent that it created a serious budget deficit. Inefficient Government? Corrupted mentality? Call it as you like, but it caused consequences that citizens...
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...reduce workforce, which resulted in leaving highly educated people without a job. Some of the unemployed people are considered to be over-qualified for jobs where employers are not able to offer high salary, leaving the unemployed jobless for a long time. The issue has caused a negative effect on the economy. The unemployment issue is blamed for the high rate in mortgage foreclosure. When a property is mortgaged, the bank holds the property as collateral on the loan. If the homeowner fails to pay the loan, the bank can take legal action to claim ownership of the home. This action is referred to as a foreclosure. Many homeowners depended on two incomes to manage the monthly bills. The lost wages from an unemployed spouse can create extreme financial hardship, which affects holding on to a home mortgage. With limited choice, these families are forced to walk away from their homes. These once highly skilled workers spend many months, even over a year looking for employment. Usually a bank will give the homeowners a little time to catch up on the missed payments. Eventually, the lender of the home mortgage will step in and foreclose the property after the home owners default on their payments. My proposal will provide a mathematical modeling analyzing the unemployment rate in the state of Florida with relationship to mortgage foreclosure. This model will provide a linear equation that expresses the relationship between the unemployment rate and mortgage foreclosure in Florida. In addition...
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...Brtlt20a.wpd Lesson 20a: The Victorian Novel (Day: 168-170) The Victorian reading public firmly established the novel as the dominant literary form of the era. Virtually the entire literate population consisted of novel-readers. Herbert Spencer, that rigorous apostle of science, exempted George Eliot's works works from his general condemnation of "mere" novels; Newman and Arnold were avid readers of fiction; and Darwin stated in his Autobiography that to him novels were "a wonderful relief and pleasure." Carlyle, however, dourly excluded the novelist from the category of the hero as writer. Amazingly, Tennyson compared the novel to verse drama and gave it higher rating: "I am of the opinion that if a man were endowed with such faculties as Shakespeare's, they would be more freely and effectively exercised in prose fiction with its wider capabilities than when "cribbed, cabined, and confined" in the trammels of verse." Certainly the novel may well be termed the most distinctive and lasting literary achievement of Victorian literature. At the outset of the Victorian period no one, except possibly Thackeray, considered the novel a significant art form. By 1853, however, Clough, writing in the North American Review, recognized that cultured readers had turned their attention from poetry to the novel. By the century's end the novel had completely triumphed over poetry as aesthetic and spiritual nourishment for English readers. The novel by this time claimed writing...
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...Jr. Cabalang, Renz Loi Submitted To: Prof. Paul Garcia Marketing Management BSBA-MM 4-1S DEFINE THE PROBLEM: Main Problem: Financial Problem * In our own understanding, we believe that the Pampanga Cement Corporation’s main difficulty is their current financial position. We came out of this idea because according to their case, almost all of their problems could be solved if they have substantial amount of cash, savings, or capital on-hand. And we believe that if this main problem is answered, the management would have a better working environment compared to their current problematic atmosphere. Sub-Problems: * Energy Crisis – the government is pushing cement corporations to change from using bunker fuel to coal which will require Pampanga Cement Corporation to upgrade/change their equipment for production, the conflict here is that they doesn’t have the needed amount of money or credit to avail this system upgrade for the current period due to some financial difficulties the company is facing. * Labor Union – Workers want to have a 10% increase to their wages but unfortunately, the company cannot easily comply due to the arising possibilities of oil price hike. Oil being one of the company’s main raw materials for production equipment and machineries for logistics, it will surely affect their financial status if they approve the wage increase and greater problems will arise. * Receivables Scandal – A deal worth Php 30 Million worth of products from Mr. Ah Tong Chui...
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...When all individuals in an organization are able to understand the mission of the organization then they will be able to appreciate the need to work together as a team. Working more effectively as a team often had a direct payoff in quality efforts. If top management can effectively determine the strategic direction necessary to accomplish the goals of the organization and put in place the network necessary to disseminate the information and help drive the process, then quality improvements can begin (Eraut, 1994). There is a need to adopt quality as a business strategy whereby workers would enjoy the working environment and be proud of the resulting products or services. Part of achieving this result is encouraging and managing the participation of these workers in their day-to-day jobs. This is also in contrast to a prevailing notion that quality efforts and business decisions can be separate and unique. For example, a change in direction should be accompanied with a change in focus on quality efforts. Implementing a quality program in any organization does not mean the result will be lower productivity and higher costs. This belief stems from the mistaken notion that management will try to inspect in quality rather than improve systems or processes (Delener, 1999). In setting up a CI program for the company to maintain product quality Hank should explain the need for quality products to all those involved in manufacturing and production. He needs to explain the importance of...
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