Tomorrow's Products Internal Correspondence To: Mr. T.J. Cerrillo From: De'Lisa L. Davis Subject: Companies Financial Statement Analysis BYP2-8 Date: September 17, 2013 Mr. Cerrillo, as the new Chief executive officer of Tomorrows Products, the Accounting Department would like to welcome you to the company. We would also like to stress how important it is for our company financial statements to be accurate as possible for our Board of Directors meetings at the end of every month
Words: 468 - Pages: 2
PLDT and Globe: Rivals in the Telecommunication Industry Case Analysis Outline I. Introduction II. Financial Review a. Analysis b. Ratios III. Summary and Conclusion I.Introduction The race in the telecommunication is still not over since Philippine Long Distance Company (PLDT) and Globe Telecom, the two largest telecommunication firms in the country both claimed to be number 1 in terms of
Words: 4937 - Pages: 20
four basic financial statements are a balance sheet, an income statement, a retained earnings statement and a statement of cash flows. All of the financial statements complement each other and work together. The balance sheet describes what a company owns and what it owes at a specific time. In this statement assets or what is owned by the company must balance with the claims to the assets. Internal users like managers and employees use a balance sheet to see the stockholders’ equity. The
Words: 803 - Pages: 4
Brief Business Plan for Outer Body Support and Consulting Name Financial Management 571 Section 020 After many years of working it Information Technology (IT) I have learned a great deal about customer service and the industry as a whole. In addition, I have acquired skills in research and planning and now the time has come for me to go into business for myself. The business will support or assist small-to-medium size businesses IT system support and consulting. Defining IT support is
Words: 2648 - Pages: 11
International Standards for Islamic Finance AAOIFI – Introduction AAOIFI & IFRS - Comparison on structural objectives AAOIFI & IFRS - Categories of accounting standards for Islamic financial institutions AAOIFI & IFRS - Examples of main differences Adoption of AAOIFI Standards How AAOIFI Standards Support Islamic Finance Industry www.aaoifi.com For more information on the Institute of Management Accountants, visit www.imanet.org AAOIFI – Introduction • Responsible for formulation and issuance
Words: 984 - Pages: 4
AN ASSAIGNMENT ON FINANCIAL RATIO ANALYSIS OF M.I. CEMENT FACTORY LIMITED Prepared for | Prepared byGroup DOEL | Mohammed Sawkat Hossain. Lecturer, Faculty of Business Studies, Jahangirnagar University, Savar,Dhaka. | * Khairuzzaman MamunID No :20113137Contact no : 01761808592Email : kpmmamun@gmail.com * Md. Yeadul Islam ShaikhID No :20113118Contact no : 01727980638Email : yeadul_ju@yahoo.com * Shameema yesmin sumeID No :20113117Contact no : 01918615964Email : sumiju34@gmail
Words: 2511 - Pages: 11
Question 1: Johco Ltd., is a Canadian controlled private corporation. Dividends paid by Johnco are all non-eligible dividends. The balance sheet of Johnco at December 31, 2012 showed total assets of $124,000. The equities section showed the following: Liabilities | | $44,000 | Shareholders’ Equity | | | | 1000 Preferred Shares (PUC) | $22,000 | | | 1,200 Common Shares (PUC) | 31,200 | | | Retained Earnings | 26,800 | 80,000 | Total Equities | | $124,000 | The following
Words: 894 - Pages: 4
CHAPTER 8, QUESTIONS 31 & 32 (P.166) 31. What analytical procedures could be used to examine possible understatement (i.e. completeness; valuation and allocation) of allowance for doubtful debts (ADD)? Compare ADD as % of Accounts Receivable (AR) with previous year/s, industry average Compare write-off of uncollectible accounts as % of AR (AR) with previous year/s Compare ageing of debtors (30, 60, 90 days overdue, etc.) as % of AR with previous year/s Compare Accounts Receivable turnover
Words: 305 - Pages: 2
Friendly Cards Liu Xing 1. In order to calculate the WACC of Creative Design, we need to estimate the beta first. We can calculate the beta(e) from the weighted beta(e)s of the industry. According to Exhibit 5: βe of American Greetings=1.07 and the net income is 33.4, βe of Gibson Greetings=0.93 and the net income is 24.1. So we estimate theβe of CD: 1.07*33.4/(33.4+24.1)+0.93*24.1/(33.4+24.1)=1.01 Re of CD=Rf+βe(Rm-Rf)=8.4%+1.01*7%=15.47% According to Exhibit 7, the Debt of CD=2250 D/V=2250/4500=50%
Words: 731 - Pages: 3
The Financial Detective Friday, April 17, 2009 Health products On the basis of trade receivables , inventories, fixed assets, payables , income and the ratio of inventory turns , it seems that Company A is more important than company B. Company A received so little a budget for research and development more important. Company B would be another commercial basis by a diverse mass production sold in supermarkets . First on trade receivables , we see that Company A owns a third more than
Words: 2403 - Pages: 10
