...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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...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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...One mission: 2013 Annual Report A history of delivering strong results More than Approximately Approximately 10,700 retail units operated in 27 countries 245M customers served weekly in our stores in 27 countries 75 % of U.S. store operations management joined Walmart as 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...
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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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... ………………………. 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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...establecieron en Europa y posteriormente se extendieron a todos los continentes. 1.2. Definición de paraísos fiscales. Se conoce o se entiende como paraíso fiscal a un país, un territorio, una determinada región o también una actividad económica que se busca privilegiar frente al resto en cual su régimen tributario es favorable (Vigueras, 2009), lo que hace que muchas empresas y ciudadanos se domicilien en dicho territorio o busquen participar en dicha actividad para de esta manera pagar menor cantidad de impuestos y mejorar de esta manera el retorno a sus inversiones (Chavagneux, Palan, & Sarret, 2007). 1.3. Características de los paraísos fiscales. A pesar de que los paraísos fiscales fueron creados por un fin sin embargo, han sido mal utilizados y en otros casos han servido para lavado de dinero y especulación financiera, es así que cuando hablamos de paraísos fiscales en el mundo estos tienen características similares que permiten identificarlos (Barrios, 2003): - Cuentan con un mínimo de aceptación política y económica. - Cuentan con estabilidad político económica, para brindar seguridad a inversores. - Poseen escasos convenios tributarios con otros países. - Cuenta con vías de transporte y de comunicaciones bien desarrolladas. - Ofrecen protección de sigilo bancario y comercial. - No cuentan con control de...
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...TO: Board of Directors of Brazos Manufacturing, Inc. FROM: Independent Business Consultant – Christopher A. Spitzer DATE: May 12, 2014 RE: An Executive’s Double Standard RECOMMENDATION: That the Board of Directors put to a vote the implementation of an Organizational Audit, to take within the current fiscal year. EXECUTIVE SUMMARY: When investigating ethical issues, departments that normally handle documentation are being ignored. For starters, the HR and payroll departments are being excluded from matters at hand in this case. An audit should be performed on the organizational structure of the Company. We are thankful that the Controller exposed these flaws while exposing potential fraud within upper management. However, if the Board decides to terminate the executive vice president, the underlying problem still exists. If the Company turns a “blind eye” to the problem at hand, the long-term implications will affect the Company’s image and bottom-line. PROBLEM STATEMENT: The proper chain of command regarding issues, especially when they involve ethics, are not being followed. Key information is withheld from proper management. ALTERNATIVES: Termination: Letting the unethical person go will reinforce the Companies positive image, but the person let go will continue the behavior elsewhere. If it is repeated, the unethical behavior that was committed here within the Company will come to surface again. This can lead to poor stock performance and financial...
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...Aggregate Demand and Supply Models Fiscal policy conveys the government’s selection concerning the use of government expenditures and taxation to regulate the aggregate level of economic activity. In contrast, fiscal policy includes changes in the level of government expenditures or taxes, and their financial position. The main points of fiscal policy generally focus on deficits and debt, beside taxation, and the level of spending. Monetary policy consists of the central bank’s control of the availability of credit in the economy to accomplish the intentions of economic policy. Control can be applied through monetary system by operating on aggregates; money and credit supply, interest rates, and exchange rate. However, the fiscal policy may impinge on monetary policy. Expansionary fiscal policy increases government spending or decreasing taxes (Colander, 2010), but the increase of government spending can cause an excessive deficit or debt. However, the excessive deficit, in turn will lead the government to borrow to finance the deficit. In addition, lowering taxes decreases the government income, increase disposable income, and economic growth. Contractionary fiscal policy decreases government expenditures or increases taxes (Colander, 2010), but contractionary is the purpose of decreasing aggregate demand, and controlling inflation. In addition, contractionary fiscal policy may result in some unemployment (Colander, 2010). Therefore, the fiscal policies currently recommended...
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...profits and growth FDULQJ about our communities and our environment FUHDWLQJ ongoing win-win partnerships with our suppliers SURPRWLQJ the health of our stakeholders through healthy eating education OHWWHU WR stakeholders Dear Fellow Stakeholders: In 2010, we successfully emerged from the most challenging year in our company’s history to produce strong results for all of our stakeholders. Building on the strategic decisions we made during the recession, we capitalized on the improving economy and the increasing confidence of consumers, quickly gaining back customers at a much faster rate than our competitors. We continued to strike the right balance between driving sales, improving our value image, and maintaining gross margin. For the fiscal year, we produced a 12% increase in sales to $9.0 billion driven by 7% comparable store sales growth; EBITDA increased 29% to $714 million, and diluted earnings per share increased 69% to $1.43. Our better-than-expected sales and earnings drove an 84% increase in our stock price during the calendar year--what a great way to celebrate our company’s 30th anniversary! We are proud of our performance which we largely attribute to our successful efforts in improving...
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...form10k_fy13.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ——————————— FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: June 4, 2013 OR o 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 1-12454 RUBY TUESDAY, INC. (Exact name of registrant as specified in charter) 63-0475239 (I.R.S. Employer Identification No.) 150 West Church Avenue, Maryville, Tennessee 37801 (Address of principal executive offices and zip code) (865) 379-5700 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Common Stock, par value $0.01 per share Name of each exchange on which registered New York Stock Exchange GEORGIA (State or other jurisdiction of incorporation or organization) Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yeso No x Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No x 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...
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...violating the generally accepted accounting principles and their financial reporting responsibilities. According to the U.S. Securities and Exchange Commission, Richards with other CA executives extended CA’s fiscal quarter, “ instructed and allowed subordinates to negotiate and obtain contracts after quarter end while knowing, or recklessly disregarding the fact that, CA would improperly recognize the revenue from those contracts, and failed to alert CA’s Finance or Sales Accounting Department that CA salespersons that reported to Richards were obtaining contracts with backdated signatures dates after quarter end.” (Release) Richard in his letter writes that his self and the CEO exerted significant pressures on their team to meet the goals that they had set for themselves, also Richard mentions that performance was measured by internal goals in accordance with the expectation set by outside parties, analyst community, specifically to meet Wall Street quarterly per-share earnings estimates, “a key to keeping a company’s stock price rising.” (Wharton) Richards with the CEO allegedly met routinely and conferred with each other and with Zar (CFO) during the week following the end of fiscal periods, including during the “flash period”, the three business days after the end of fiscal quarter, to determine whether CA had generated sufficient revenue to meet the quarterly projections, and closed CA’s books only after they determined that CA had generated enough revenue to meet the quarterly...
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...The Business Environment s BUS100 Abstract This paper covers varies aspects of business and the effect it has on our economy. Inside I will cover the role of business in the economy and I will also educate you on some of the differences and similarities of a for-profit and a non-profit organization. I will also cover the impact of our current fiscal and monetary policies on our economy. The final part of the paper will give you an idea of how I would expose a product to global markets and the impact of social responsibility on a stakeholder group. The Business Environment Introduction In today’s business environment a new era has dawned upon us. A business can be open almost anywhere as long as it follow the rules and regulation. A business environment depends upon the enterprise operating within the framework of the competitive market economy. Therefore globalization and society as a whole has presented opportunities that has arisen in recent years to change the business environment. There was a time when we iron our own cloths, now there are drycleaners on every corner, advertising for our business. People are eating out at fast food restaurants instead of cooking at home. These complex structures are known as a business. These small functioning businesses play a vital role in our economy...
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...Traffic in the City of Kelsey Vernon Colbourne ACC 574 George Holbrook June 22, 2015 The City of Kelsey’s mayor has identified a need to increase funding for the city highways. The reason for this request is the traffic issues the city has seen in the past couple of years. Those traffic issues are road congestion and traffic accidents. This change ultimately affects the City of Kelsey current budget fiscal cycle. The mayor deemed it appropriate to get the city’s budget director involved. The focus of the fiscal budget should be on how additional funds can be added to the fiscal year budget. The most likely revenue source for additional funding will come from the increase in gas taxes. The budget director will have to focus their attention on how well the citizens will respond to the tax increase. The budget director needs to set goals for the budget. Once the goals are set, the city’s budget director meets with the City of Kelsey officials to discuss current and future city policies (Apollo Group, Inc, 2011). Gas Tax Increase The city’s gas tax is at a current rate of 5 cents per gallon (Apollo Group, Inc, 2011). If the proposed budget is approved, the current gas tax will increase to a staggering 20 cents. The budget director understands this will be a hard one for citizens to swallow. Therefore, other areas of the budget may be compromised as well. One option is requesting a lower tax increase because the...
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...earnings. Evidence supported that the managerial use of discretion to greatly influence reported earnings was not only used by Richards', but it had become a company-wide practice. This naturally drew the attention of the DOJ and the SEC as they investigated the potential wrongdoings. Investigators found enough evidence to prove that the former CFO illegally facilitated the backdating of many contracts. Richards' involvement, as the global head of sales, included facilitating extensions of the fiscal quarter, allowing other employees to obtain contracts after the quarter-end (to boost reported earnings), and he failed to bring to the accounting and finance departments' attention that contracts may have been backdated. Stephen Richard's actions are notably serious because he had knowledge of the wrongdoings and he was in a position to report it, but he chose not to. 1 Alternative: Richards, as the head of the sales at Computer Associates (1) allowed the practice of extending CA’s fiscal quarter to reach the company’s revenue target. He also allowed his subordinates to (2) negotiate and obtain contracts after the end of the quarter ignoring the fact that the revenue for those contracts would improperly recognized by the company and he knowingly failed to alert the CA’s finance and accounting department that the contracts were obtained with backdated signature dates after the end of the quarter. As a consequence of the above mentioned improper practice, the company found itself...
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...Commission, Polluter Corp. recorded EAs as intangible assets with a zero cost basis when government issued EAs to company and has a fiscal year end of December 31. Government has special guidance to control or reduce the emission of pollutants and greenhouse gases to participating companies. These are explained as follow; companies have a specified level of pollutants to emit EAs. EAs with same vintage year designation are exchangeable or replaceable by any companies to reduce pollution. That means company can buy EAs from other companies when it needs EAs or sell excess its EAS to other companies who need to satisfy pollution control obligation through a broker. According to EAs regulation, company is required to deliver to the governing bodies EAs sufficient to offset the company’s actual emission or pay a fine for overage of EAs. Currently, Polluter has facing a significant increase in emission due to its old manufacturing facilities and forecasted a need for EAs in fiscal year 2010-2014. In order to reduce green house gas emission to a significant low level, company plans to upgrade its facilities in 2014 and it will cost $15 millions. Under the direction of the board, the company has business plan in investing activities for 2014 to embark on the company’s future success. As a result of completion of upgrade, company will have excess EAs in fiscal years subsequent to 2014. Based on the facts of Polluter Corp. transaction, the company purchased $3 million worth of EAs with...
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