...E13-5 | | The comparative balance sheets of Nike, Inc. are presented here. | NIKE INC. | Comparative Balance Sheets | May 31 | ------------------------------------------------- ($ in millions) | Assets | 2007 | 2006 | Current assets | $8,076 | $7,346 | Property, plant, and equipment (net) | 1,678 | 1,658 | Other assets | ------------------------------------------------- 934 | ------------------------------------------------- 866 | Total assets | ------------------------------------------------- $10,688 | ------------------------------------------------- $9,870 | | | | Liabilities and Stockholders' Equity | | | Current liabilities | $2,584 | $2,612 | Long-term liabilities | 1,079 | 973 | Stockholders' equity | ------------------------------------------------- 7,025 | ------------------------------------------------- 6,285 | Total liabilities and stockholders' equity | ------------------------------------------------- $10,688 | ------------------------------------------------- $9,870 | | | | | | | | | | Correct. | | | Complete the horizontal analysis of the balance sheet data for Nike using 2006 as a base. (If amount decreases, use either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45). Round all percentages to 1 decimal place, e.g. 12.5.) NIKE, INC. | Condensed Balance Sheet | December 31 | ------------------------------------------------- ($ in millions) | ...
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...E13-1 Pioneer Corporation had these transactions during 2011. (a) Issued $50,000 par value common stock for cash. (b) Purchased a machine for $30,000, giving a long-term note in exchange. (c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. (d) Declared and paid a cash dividend of $18,000. (e) Sold a long-term investment with a cost of $15,000 for $15,000 cash. (f) Collected $16,000 of accounts receivable. (g) Paid $18,000 on accounts payable. Instructions Analyze the transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities, financing activities, or noncash investing and financing activities (a)Issued $50,000 par value common stock for cash. Cash inflow; financing activities (b) Purchased a machine for $30,000, giving a long-term note in exchange. noncash investing and financing activities (c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. noncash financing activities (converting one form of financing to another) (d) Declared and paid a cash dividend of $18,000. Cash outflow; financing activities (e) Sold a long-term investment with a cost of $15,000 for $15,000 cash. Cash inflow; investing activities (f) Collected $16,000 of accounts receivable. Cash inflow; operating activities (g) Paid $18,000 on accounts payable. Cash outflow; operating activities E13-8 Here are comparative...
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...Question 1 | The comparative balance sheets of Nike, Inc. are presented here. | NIKE INC. | Comparative Balance Sheets | May 31 | ------------------------------------------------- ($ in millions) | Assets | 2007 | 2006 | Current assets | $8,076 | $7,346 | Property, plant, and equipment (net) | 1,678 | 1,658 | Other assets | ------------------------------------------------- 934 | ------------------------------------------------- 866 | Total assets | ------------------------------------------------- $10,688 | ------------------------------------------------- $9,870 | | | | Liabilities and Stockholders' Equity | | | Current liabilities | $2,584 | $2,612 | Long-term liabilities | 1,079 | 973 | Stockholders' equity | ------------------------------------------------- 7,025 | ------------------------------------------------- 6,285 | Total liabilities and stockholders' equity | ------------------------------------------------- $10,688 | ------------------------------------------------- $9,870 | | | | | | | | | Correct. | Complete the horizontal analysis of the balance sheet data for Nike using 2006 as a base. (If amount decreases, use either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45). Round all percentages to 1 decimal place, e.g. 12.5.) NIKE, INC. | Condensed Balance Sheet | December 31 | ------------------------------------------------- ($ in millions) | | | | Increase...
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...*Chapter 12 Questions 1. (a) What is a statement of cash flows? The statement of cash flows reports the cash receipts, cash payments, and net change in cash resulting from the operating, investing, and financing activities of a company during a period in a format that reconciles the beginning and ending cash balances (b) Mark Paxson maintains that the statement of cash flows is an optional financial statement. Do you agree? Explain. Disagree. The statement of cash flows is required. It is the fourth basic financial statement. 2. What questions about cash are answered by the statement of cash flows? The statement of cash flows answers the following questions about cash: (a) Where did the cash come from during the period? (b) What was the cash used for during the period? and (c) What was the change in the cash balance during the period? 3. Distinguish among the three activities reported in the statement of cash flows. Operating activities include the cash effects of transactions that create revenues and expenses and thus enter into the determination of net income. Investing activities include: (a) purchasing and disposing of investments and productive long-lived assets and (b) lending money and collecting loans. Financing activities include: (a) obtaining cash from issuing debt and repaying amounts borrowed and (b) obtaining cash from stockholders, repurchasing shares, and paying them dividends. 4. (a) What are the sources (inflows) of cash in a statement of cash...
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...This file ACC 561 Assignment Wiley Plus Week 5 contains solutions to these exercises: E20-2 Zeller Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $25, respectively. Because of the intense competition Zeller faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2010 are as follows E20-5 Moreno Industries has adopted the following production budget for the first 4 months of 2011. BE21-4 Hannon Company expects to produce 1,200,000 units of Product XX in 2010. Monthly production is expected to range from 80,000 to 120,000 units. Budgeted variable manufacturing costs per unit are: direct materials $4, direct labor $6, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. Complete the flexible manufacturing budget for the relevant range value using 20,000 unit increments. E22-5 The standard cost of Product B manufactured by Mateo Company includes three units of direct materials at $5.00 per unit. During June, 28,000 units of direct materials are purchased at a cost of $4.70 per unit, and 28,000 units of direct materials are used to produce 9,000 units of Product B. Business - Accounting E20-2 Zeller Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $25, respectively. Because of the intense competition...
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...ACC 561 Week 6 Assignment Wiley PLUS - Latest IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/ACC-561-Week-6-Assignment-WileyPLUS-Latest-438493893.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Exercise 20-3 Garza and Neely, CPAs, are preparing their service revenue (sales) budget for the coming year (2012). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below. Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 Auditing 2,560 1,750 2,200 2,740 Tax 3,110 2,750 2,140 2,790 Consulting 1,780 1,780 1,780 1,780 Average hourly billing rates are: auditing $82, tax $94, and consulting $105. Prepare the service revenue (sales) budget for 2012 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue. Exercise 22-1 Stanton Company is planning to produce 2,100 units of product in 2012. Each unit requires 3.60 pounds of materials at $6.60 per pound and a half-hour of labor at $15.40 per hour. The overhead rate is 70% of direct labor. (a) Compute the budgeted amounts for 2012 for direct materials to be used, direct labor, and applied overhead. Direct materials $ Direct labor $ Overhead $ (b) Compute the standard cost of one unit of product. (Round answer...
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...ACC 561 Week 6 Assignment Wiley PLUS - Latest IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/ACC-561-Week-6-Assignment-WileyPLUS-Latest-438493893.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Exercise 20-3 Garza and Neely, CPAs, are preparing their service revenue (sales) budget for the coming year (2012). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below. Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 Auditing 2,560 1,750 2,200 2,740 Tax 3,110 2,750 2,140 2,790 Consulting 1,780 1,780 1,780 1,780 Average hourly billing rates are: auditing $82, tax $94, and consulting $105. Prepare the service revenue (sales) budget for 2012 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue. Exercise 22-1 Stanton Company is planning to produce 2,100 units of product in 2012. Each unit requires 3.60 pounds of materials at $6.60 per pound and a half-hour of labor at $15.40 per hour. The overhead rate is 70% of direct labor. (a) Compute the budgeted amounts for 2012 for direct materials to be used, direct labor, and applied overhead. Direct materials $ Direct labor $ Overhead $ (b) Compute the standard cost of one unit of product. (Round answer...
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...Dulce Cambron Ms. Pagliaro Art 1B 23 April 2015 Napoleon Crossing Saint-Bernard and Leading the Army over the Alps There has been many artists throughout the years that have captivated the audience with their works of art and/or sculptures. Some of which still remain in important museums like the Musee du Louvre and the Brooklyn Museum. There has also been many artists of today that recreate past paintings and change the message being delivered to the audience. For example, in 1801 Jacques-Louis David created the painting Napoleon Crossing Saint-Bernard. This painting is now located in the Natural Museum of Château de Malmaison which is 12km from Paris. In 2005, two hundred and four years later to be exact, an artist named Kehinde Wiley created the painting Napoleon Leading the Army Over the Alps. This painting has been placed in the Brooklyn Museum and has become part of their collection. These two paintings are considered to be practically the same thing yet deliver a distinct message, as in the modern version it changes the main character as well as his appearance and message. Therefore, Wiley’s painting is better than Jacques-Louis painting as it expresses a different aspect of humanity being in power. Napoleon Crossing Saint-Bernard was a creation of the early 18th century painter Jacques-Louis David. It took Jacques-Louis around four months to complete this work of art, it was done from October 1800 to January 1801. Posterior to all of the terrific situation France...
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...Concert report On May 2, 2013, the Jazz concert at YOSHI’s OAKLAND, my friend and me had their first concert of this semester, the jazz band called The Bad Plus is from United States, and there are special guest drummer Dave King, pianist Ethan Iverson and bassist Reid Anderson. The concert started at 10:00 pm and ended at 11:30 pm. The jazz concert performed five songs during the concert and there were three songs are the most unforgettable for me “People Like You”, “Never Stop” and “2 P.M.” Jazz music, like all music, tells a story and here are the stories “People Like You”, “Never Stop” and “2 P.M.” “People Like You”, written by Reid Anderson .i think it an song for someone they loved. The song was very pretty, and it has a different genre than other songs in the concert. It is honestly hard for me to recommend this song to anyone, for I thought it was dull and lacked the depth of the other songs throughout the evening. It can clean people mind. At the beginning of this song, a piano and bass began to alternate the melody in this song as though they were like two lovers dancing in the wonderland. The rhythm, which was continuously steady, seemed to get faster like a heartbeat by the climax of the song. The bass would pick up strong at the same time and then die down again. There was such an edgy sound to this performance. And really can take people in the song’s wonderland. “Never stop”, was written by Reid Anderson. It was a beautiful song. I...
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...sentences to answer each question. 1. Name of the college or university. Louisiana state University, University of Houston, and Wiley College. 2. 3. City and state where college is located. 4. Year the college or university opened. Lsu:1890, UT:1927, and willey:1873 5. Who is the current president of the college or university? LSU: Dr.John V. Lombardi, UT: Dr.Renu Khator, Wiley: Dr.Haywood L. Strickland 6. Number of students currently attending. Lsu:1300+ ,UT:13000, and Wiley:967 7. Average cost for tuition, for a full and part-time student per year. 8. What are the admission requirements? 9. Is it a public or private university? Explain. 10. What is the vision and mission statement of the college or university? 10. What is the school best known for? 11. What is the schools mascot? LSU: the tigers, UT: the cougars, Wiley: the tars. 12. What are the school colors? LSU: gold and purple, UT: scarlet red and albino white. Wiley: royal blue and pure white. 13. What do you want to major or study in college? LSU: Pre law UT: pre law Wiley: pre law 14. Did any celebrities attend this college? If so who? LSU: No one, UT: lil Wayne Wiley: no one 15. Why would you attend this college or university? LSU: because… I really don’t know I just always wanted to go there. UT: Because it’s Houston c’mon now. Wiley: because off the movie the great...
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...(Denzel Washington) at historically black Wiley College to place his team on equal footing with whites in the American South during the 1930s, when Jim Crow laws were common and lynch mobs were a pervasive fear for blacks. In the movie, the Wiley team eventually succeeds to the point where they are able to debate Harvard University. This was their 47th annual debate team. Released in 2007, Denzel Washington’s The Great Debaters was presented to the world in order to tell the story of Wiley College’s debate triumphs. While certain facts were altered for the sake of creating the film, such as the final debate being between Wiley College and Harvard rather than USC, the story of the Wiley College debate team has been a model of and for the Urban Debate League (UDL) Movement. The movie begins with a scene following Henry Lowe that is simultaneously overlaid with a speech given by Dr. James Farmer. The speech is directed at incoming students and covers topics such as maturity and discipline, preaching that “you must do what you have to do so you can do what you want to do” (4:08) Henry is attending a party at a barn where he finds himself in a fight with another man at the party. He threatens to kill the man when he pins him to the ground. At the last moment, Melvin Tolson, a professor and director of the Wiley College debate team, stops Henry from harming the man further. Sometime after the fight, classes begin for a new year at Wiley College. Henry Lowe attends a class taught...
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...Aaliyah Perry The Great Debaters The Great Debaters is a true story of the Debate Team consisting of four students and their professor from Wiley College, in Marshall, Texas. As an all-black school, Wiley College during the 1930’s trained young minds to believe in themselves and to use their educated minds to change the hearts and minds of society, to establish peace, and maintain human dignity, tolerance and acceptance for all people. No matter the color of their skin, origin of their birth, language they speak, or their occupational role in society. The story of The Great Debaters takes place at a time in America’s history when things were starting to change for both Whites and African Americans. The moral call for freedom, equality, and justice for all was beginning to resonate throughout the country. The students, James Farmer, Jr who was only 14 years old, Henry Lowe, and Samantha Booke, learn to lead through civil discussions using their minds as weapons and not violence. Under the direction of English Professor Melvin B. Tolson, these three students become the Wiley College Debate Team of 1935-36. This film also shows an understanding of how Professor Tolson sees these students potential as individuals and as a team. Progress is made one victory at a time. Under the intense and encouraging guidance of Professor Tolson, the students learn to speak with clarity and confidence. They learn to evaluate their own limitations. Defeat becomes an opportunity by which they...
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...Strategic Management 4E11 Final Assignment You must be familiar with Wal-Mart, the US giant discount retailer. For the purposes of this course and drawing on the material we have discussed in class, I would like you to (1) evaluate Wal-Mart’s current strategy, (2) discuss and evaluate the options Wal-Mart has for geographic expansion and (3) discuss and evaluate the options Wal-Mart has for diversifying into another industry (pick one). Following I provide you with ten possible source of information on Wal-Mart and its strategy. You can use more, but do not get lost in research for more and more information. Keep in mind that the most important part of your grade will be the evaluation and critical parts of your paper. In other words, spend enough (more) time and effort in evaluating Wal-Mart’s strategy and expansion options. Possible Sources: 1. http://corporate.walmart.com/ 2. Freeman, R. 2006, The Wal-Mart Effect and Business, Ethics, and Society. Academy of Management Perspectives, Vol. 20 Issue 3, p38-40 (you can find this from ABI) 3. Ghemawat, Pankaj, 2006, Business, Society, and the "Wal-Mart Effect" Academy of Management Perspectives, Vol. 20 Issue 3, p41-4 (you can find this from ABI) 4. Case on Wal-Mart from Grant, R.M. (2005/8) Contemporary strategy analysis. 5th or 6th ed. Oxford: Blackwell Publishing HD30.28.G72 2005/8 – or any subsequent edition (latest edition is 9th) 5. http://www.google.com/finance?q=NYSE%3AWMT&fstype=ii&ei=mRRxUOiwHIOwkAXYpgE ...
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...~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Potential Strengths” These are the general characteristics for these Personalities.[1] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Popular Sanguine Personality * The Extrovert * The Talker * The Optimist* Are Best: * In Dealing with People Enthusiastically. * In Expressing Thoughts with Excitement. * In Up-Front Positions of Attention.* . Their Emotions: As a Parent: As a Friend: At Work: -Appealing Personality -Makes Home Fun -Makes Friends Easily -Volunteers for Jobs -Talkative, Story-Teller -Is Liked by Children’s Friends -Loves People -Thinks Up New Activities -Life of the Party -Turns Disaster into Humor -Thrives on Compliments -Looks Great on the Surface -Good Sense of Humor -Is the Circus Master -Seems Exciting -Creative & Colorful -Memory for Color -Envied by Others -Has Energy & Enthusiasm ...
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...Salome Transformation. Dear Diary; My latest guise stared back at me, as I gazed into the mirror, eyes questioning. The same question that shoots up from my subconscious like an obnoxious neon sign, illuminating the darkest crevasses of my (in)sanity. It's always the same. Why? Why do I do this? And I always have the same answer; it's not even an answer, just a shrug and a 'mind your own business'. The response is shot back at my reflection as I begin to admire my work. Red locks curl around my now hazel eyes. Red. Yes, a very fitting colour I think. I wondered if I should add anything else, freckles maybe... Redheads normally have freckles don't they? I decided against it. I had them last time. Then again, last time I was a bronzed beach blonde goddess from Florida. And in a matter of hours, I had transformed to a red haired beauty from the breathtakingly magical country that is Scotland. I tried to remember if and where I told him I was from. Knowing me I probably mumbled something nonsensical; the first city to come to my mind when I speak of Scotland. Glasgow. Yes I told him I was from Glasgow. Oh well, it didn't matter anyway, I'm sure that idiot couldn’t care less where I was from. As if on cue, my phone snaps me out of my thoughts and I see my latest's conquest's number flicker on my screen. What was his name? Peter? Simon? Andrew? John? My thumb hovers over the answer button for a second, the presses down, aggressively, and I answer harshly, almost impatient...
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