...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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...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 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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...Global Environments and Problem Sets: Debt Securities Reporting Abstract Global Environments and Problem Sets: Debt Securities Reporting Debt Security is defined as; any debt instrument having basic terms defined (interest rate, maturity/renewal date, notional amount aka amount borrowed) and can be bought or sold between two parties. Municipal bonds, CDs, corporate bonds, government bonds, collateralized securities (CDOs, CMOs, GNMAs) and zero-coupon securities are all debt securities. The Starbucks Corporation balance sheet and income statements are summarized analyzing the fiscal year end beginning from 2010 until the fiscal year end of 2014. The specified balance sheet provides a listing of the Starbuck Corps. resources (assets), sources of capital (equity and liabilities), future earnings potential of assets, cash flows, receivables and inventories. Accounts Payable/Accrued Liabilities Debt that is owed to vendors for services and/or goods that are used in the corporations day to day to functions which are paid within one business year. Starbucks Corp.’s accounts payable reports a steady somewhat significant increase from 2012 ($398,100) to 2014 ($533,700) almost similar to the increase from 2010 ($282,600) to 2011 ($540,000). Current Liabilities (Long-term debt and other long-term liabilities) The total amount of debts incurred as a result of the normal day to day operations which are to be paid throughout the business year or within one business...
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...Financial Reporting Problem Part II ACC290 September 16,2013 Financial Reporting Problem Part II Financial Reporting Problem, Part II The PepsiCo is a beverage distributor is known for their soda and other merchandise. The cola company started in the 1800s in a drugstore, and it was named “Brad’s Drink.” In 1898, cola introduced “Brad’s Drink” to the market. After a few years, the name changed to Pepsi. The currents assets are very important to companies like PepsiCo. In the balance sheet, “current assets are assets that a company expects to convert to cash or use up within one year or its operating cycle, whichever is longer. For most businesses, the cut off for classification as current assets is one year from the balance sheet date” (Kimmel, Weygandt, & Kieso, 2011, p. 49). The company can use these assets to support its routine operations. For example, the company can use the assets to pay their current expenses. The common types of current assets consist of cash, marketable securities, inventory, accounts receivable, prepaid expenses, and additional liquid assets that the company can turn in to cash. However, according to Kimmel, Weygandt, and Kieso, 2011, companies normally arrange their current assets in the order in which they anticipate to convert them into cash. Therefore, the proper order for a company to have its assets listed under the current assets is as follows cash, (2) short-term investments (such as short-term U.S. government securities)...
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...an organization is thinking of implementing a New It Initiative they must ensure that they are well organized and fully understand the length and time a project may take. According to Cook “ Project failure occurs when a project is significantly over budget, takes must longer than estimated timeline, or has to be terminated because of so many problems have occurred that proceeding is no longer judged to be viable.” With Memorial Health System failed implementation of a CPOE system they had many problems including an over budgeted project, Lack of belief in project, Insufficient leadership support, Failure to respect uncertainty, Failure to anticipate short-term disruptions, and initiative undernourishment. In this paper we will discuss all six of these problems along with give possible solutions to each of them. Failure to respect uncertainty: When the system was finally implemented it was had a lot of bugs in the system. They implemented the system at all of facilities. Because of this as well as a few other issues such as lack of training the system was taken offline and they continued with the old system. The solution to this problem would have been to implement the system in one location instead of the entire hospital. This place can be used as the test facility in which you can do two things. One you can work all the bugs out and the other would be to use it as a training facility where you can send employees to get training on a system that is up and running. This will...
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...at the beginning of Class 7. There are three problems from the textbook for this assignment. I suggest that you work on the problems on your own before you meet with your team. When you do meet with your team, you can discuss your answers and choose the best one or a combination of the best ones for your submission. Please attach each team member’s work to your submission. Your team submission can be hand-written or computer generated or a combination of the two but it must be legible. Don’t worry about making your submission pretty – there are no marks for pretty. Make your team submission legible. Here are my estimates of how long it should take you to complete this assignment: Activity | Case 5-1 | Problem 6-21 | Case 6-3 | Individual preparation | 1 hour | 1 hour | 1.5 hours | Team discussion | .5 hours | .5 hours | .5 hours | Preparation of team submission | .5 hours | .5 hours | .5 hours | Total | 6.5 hours | Please include the following tables on the front page of your submission: Assignment | 2 | Section | | E-mail address of team contact | | Names and student numbers of team members (including team contact) | Last Name | First Name | Student Number | | | | | | | | | | | | | | | | 1. Case 5-1, page 224, Swan Systems (30 marks) Required There may be some inaccuracies, uncertainties and contradictions in this case. If you find such problems, simply state your assumptions and proceed with...
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...SUMMARY Recently there is something wrong with the performance of our company and I think what we should do is to upgrade the office furnitures. Because more and more of our employees claimed about the poor working condition. We can reduce the surgery fee and the sick days from the employees after the upgrade. Therefore, we can increase our productivities a lot. THE PROBLEM 1 Increase health problem- More of our employees are having health problems because of the uncomfortable furnitures. 2 Sick days increase-Because of their health problem, employees asked for the extra vacation day. 3 Surgery fee increased- Three employees had to have carpal tunnel surgery, and another had back surgery 4 Insurance fee increase- The insurance carrier was threatening to raise its premiums. 4 Productivities reduce- The day-to-day productivity of the office reduced THE REASON The problem came up from last year. If we don’t care about the problem, it will cost us a lot. For example , we already have three employees need to do carpal tunnel surgery . Cost of surgery and rehabilitation is in the range of $5,000 to $10,000 (data from :http://www.mycarpaltunnel.com/surgery-release-carpal-tunnel.shtml).And we have one employee need to have back surgery. According to the data from www.ehow.com. This procedure costs an average of $12,000to$15,000. So far the maximum cost is approximately $45000. And if we ignore that, the number of employees who need surgery would double in the next...
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... VII Appendix 7 1. Introduction- a The purpose of this survey is to gain a prospective view on what goes on inside a alcohol anonymous program and the benefits and experiences people gain from it. I also want to see how the community gets involved with people who have alcohol problems and the actions taken by the community to get help for these people. b The epidemiology of the program i surveyed is to study; the patterns that go on for people with alcohol related problems, the causes of these patterns and the problem itself, and the effects this problem has on the person and people related to that person. c. The intent of this survey is to collect all the necessary information need by someone with alcohol related problems therefore allowing them to access this information and receive help. II. About the organization: St Joseph's Gift Of Life Walk in or Phone St. Joseph's Chruch Rev. Jon Murry 208 South Main St. Attleboro Ma 508-226-1115 III. About the Program A.The program takes in people from the community with alcohol abuse problems to try and help cope with these...
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...Buenavista Plywood Corporation The Problem The problem confronting Mr. Antonio Garcia, the Plant Superintendent of Buenavista Plywood Corporation is how to deal with the absentee rates of the employees from Bohol such that the production of the plant will operate at capacity, with adequate workforce and the interests of the company and employees be served. Objectives More specifically, the problem resolves itself into the following objectives which Mr. Garcia has to achieve in the course of action he has to take: 1. To maintain a stable and reliable workforce; 2. To protect the company’s reputation by avoiding confrontation with formal union groups; 3. To address production problems and costs; 4. To meet the rated capacity of the plant; 5. To safeguard the long-run profitability and stability of Buenavista Plywood Corporation. Situational Analysis The Buenavista Plywood Corporation was organized in Cagayan de Oro City in 1950 by the Santiago Family. Don Jose Santiago, the present head of the family, was well qualified to carry the traditions of this prominent family. The Santiagos have been involved in politics in nearby Bohol, the ancestral home. They had been pioneering industrialists in the plywood business. Don Jose had been an early advocate of local processing of lumber as opposed to the shipping of log abroad. VISTAWOOD, the trademark chosen for their plywood, was one of the first export plywood production in the Philippines. Late in the...
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...to discuss the staff management problem Arthur Reed faces every summer. Arthur Reed, a supervisor at the Blue Grocery Stores, has an issue with hiring temporary workers in sufficient numbers to cover the sick and vacationing workers for the summer months. As warehouse supervisor in charge of two shifts on the shipping dock, Arthur usually manages to run the shifts smoothly every year except in the summer months. During the summer months, Arthur faces a shortage of staff when most of his senior staff call in sick or take vacation. Arthur runs into this problem every summer and does not look forward to the frustration of trying to hire sufficient temporary workers this summer. Although Arthur has earned the respect within the industry and has 20 years experience in the grocery industry, when it comes to dealing with staff shortage, Arthur does not know how to manage the problem. If Arthur knows he will faces this problem yearly, then why does he not plan ahead to avoid the frustration? Perhaps Arthur is not managing his staff as well as he can because he is lacking in supervisory skills; otherwise, he would not have run into this problem every summer. What are the problems? Staff management and on-call workers are the problems. In my opinion, Arthur is having a problem managing his senior staff because he is not communicating with them effectively regarding scheduling vacation and call-in sick days. The reason he keeps having the same problem every summer is that there are no...
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...there for learning but they want to network with other people within the class. They are looking to make connections in order to have more connections for a later date, maybe for a better job or for something they may need in their current company. The vacationer mindset person is there to get away from everything not to learn. They want to get away from the office and enjoy their time away. The prisoner feels as if they were forced to be there and they come in mostly with a closed mind about the training they are attending. Rosner also speaks about some problems that people have within their organizations and how some of these problems are misdiagnosed because the proper people are not in the proper positions with the proper training. Rosner quotes from Valerie Oberfie, a former vice president at Disney University that has done business consulting and training for corporations. She says that to avoid misdiagnosing a problem businesses should do their homework (Rosner, 2009)....
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...Title: Problems Encountered by Irregular BSMAR-E Students of University of Antique INTRODUCTION Time spent at college is fond memory and happy experience for most, college life is not without its rough patches and problems. While each person’s are unique to their current circumstances, I know that there are few problems that almost all college students deal with at least once during their time at school. Academic performance really means three things: this means the ability to study and remember facts, it also means being able to think in relation to facts and thirdly, further means being able to communicate one’s knowledge verbally or practically. From Wikipedia, the free encyclopedia. In the society of university, students form their own interpersonal relations with their fellow students. They discuss commonalities and bond until they form sense of trust in each other. There are students who had given full load of subjects that a student in the specific year and semester. These students are called regular students. Every students in the block aims to pass every class, and some may even aim to pass with high marks, but not every student in the block can achieve this goal. Failure in a subjects or more require/s to repeat the course either in the summer or the following year. These students are called irregular students, but not all regular students became irregular students because they failed a subject or more. Some students became irregular because they are shifters from...
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...Chapter 1 THE PROBLEM AND ITS SETTING Introduction This research deals on the common factors that affect the study of BEED-2ND year students and their academic performance. These factors are the problem of the 2nd year BEED students in their studies. It has been an interplay of so many factors on gender, IQ, study habits, age, year level, parents educational attainment, social status, numbers of sibling and etc. This research focuses on the factors that affect the studies of BEED-2nd year students and their academic performance. These factors can help students on how to face these problems in their studies. This study also can help the parents and the teachers understand the problem of their students. Furthermore, this research helps us as a future teacher because if we know the problem of our students we can understand them clearly especially on financial aspect. Theoretical Framework One of the problems that besets our educational system is poor study habits several studies found this problem challenging and therefore, efforts have to be exerted in order to determine the root cause. According to Lass and Wilson(1965), students fails not because they do not have intelligence to understand why they are studying, not because their lesson are too difficult for them but because they do not know how to study or understand what study means. Students failure in his academic subject may not be to lack of intellectual capacity, but perhaps it may be due to negative attitude...
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