42. For fiscal year 2011, Starbucks Corporation (SBUX) had total r.docx
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42. For fiscal year 2011, Starbucks Corporation (SBUX) had total revenues of $11.70 billion, net income of $1.25 billion, total assets of $7.36 billion, and total shareholder’s equity of $4.38 billion. a. Calculate the Starbucks’ ROE directly, and using the DuPont Identity. b. Comparing with the data for Peet’s in Problem 41, use the DuPont Identity to understand the difference between the two firms’ ROEs. Q2 See Table 2.5 showing financial statement data and stock price data for Mydeco Corp. a. How did Mydeco’s accounts receivable days change over this period? b. How did Mydeco’s inventory days change over this period? c. Based on your analysis, has Mydeco improved its management of its working capital during this time period? TABLE 2.5 2009–2013 Financial Statement Data and Stock Price Data for Mydeco Corp. Mydeco Corp. 2009–2013 (All data as of fiscal year end; in $ million) Income Statement 2009 2010 2011 2012 2013 Revenue Cost of Goods Sold 404.3 (188.3) 363.8 (173.8) 424.6 (206.2) 510.7 (246.8) 604.1 (293.4) Gross Profit Sales and Marketing Administration Depreciation & Amortization 216.0 (66.7) (60.6) (27.3) 190.0 (66.4) (59.1) (27.0) 218.4 (82.8) (59.4) (34.3) 263.9 (102.1) (66.4) (38.4) 310.7 (120.8) (78.5) (38.6) EBIT Interest Income (Expense) 61.4 (33.7) 37.5 (32.9) 41.9 (32.2) 57.0 (37.4) 72.8 (39.4) Pretax Income Income Tax 27.7 (9.7) 4.6 (1.6) 9.7 (3.4) 19.6 (6.9) 33.4 (11.7) Net Income Shares outstanding (millions) Earnings per share 18.0 55.0 $0.33 3.0 55.0 $0.05 6.3 55.0 $0.11 12.7 55.0 $0.23 21.7 55.0 $0.39 Balance Sheet 2009 2010 2011 2012 2013 Assets Cash Accounts Receivable Inventory 48.8 88.6 33.7 68.9 69.8 30.9 86.3 69.8 28.4 77.5 76.9 31.7 85.0 86.1 35.3 Total Current Assets Net Property, Plant & Equip. Goodwill & Intangibles 171.1 245.3 361.7 169.6 169.6 243.3 184.5 309 361.7 186.1 345.6 361.7 206.4 347.0 361.7 Total Assets Liabilities & Stockholders’ Equity Accounts Payable Accrued Compensation 778.1 18.7 6.7 774.6 17.9 6.4 855.2 22.0 7.0 893.4 26.8 8.1 915.1 31.7 9.7 Total Current Liabilities Long-term Debt 25.4 500.0 24.3 500.0 29.0 575.0 34.9 600.0 41.4 600.0 Total Liabilities Stockholders’ Equity 525.4 252.7 524.3 250.3 604.0 251.2 634.9 258.5 641.4 273.7 Total Liabilities & Stockholders’ Equity 778.1 774.6 855.2 893.4 915.1 Statement of Cash Flows 2009 2010 2011 2012 2013 Net Income Depreciation & Amortization Chg. in Accounts Receivable Chg. in Inventory Chg. in Payables & Accrued Comp. 18.0 27.3 3.9 (2.9) 2.2 3.0 27.0 18.8 2.8 (1.1) 6.3 34.3 (0.0) 2.5 4.7 12.7 38.4 (7.1) (3.3) 5.9 21.7 38.6 (9.2) (3.6) 6.5 Cash from Operations Capital Expenditures 48.5 (25.0) 50.5 (25.0) 47.8 (100.0) 46.6 (75.0) 54.0 (40.0) Cash from Investing Activities Dividends Paid Sale (or purchase) of stock Debt Issuance (Pay Down) (25.0) (5.4) — — (25.0) (5.4) — — (100.0) (5.4) — 75.0 (75.0) (5.4) — 25.0 (40.0) (6.5) — — Cash from Financing Activities (5.4) (5.4) 69.6 19.6 (6.5) C.
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Week 1 Problem SetAnswer the following questions and solve the f.docx
Week 1 Problem Set
Answer the following questions and solve the following problems in the space provided. When you are done, save the file in the format flastname_Week_1_Problem_Set.docx, where flastname is your first initial and you last name, and submit it to the appropriate dropbox.
Chapter 1 (page 19)
1. What is the most important difference between a corporation and all other organizational forms?
Answer: Main difference between a corporation with all other organizational forms is that a corporation and its owner are separate entity.
2. What does the phrase limited liability mean in a corporate context?
Answer: In limited liability, shareholders or stockholders are not liable or responsible for any situations of the firm. For example, shareholders are not hold to any debt incurred by the firm nor are they required to pay back it back. Also, owners ‘ liability is limited to their investment on the firm.
3. Which organizational forms give their owners limited liability?
Answer: They organizational forms that give their owners limited liability are corporations and limited liability companies. Limited partnership only provides limited liability to its limited partners not to their general partners.
4. What are the main advantages and disadvantages of organizing a firm as a corporation?
Answer: The advantages include infinite life, limited liability and liquidity. The disadvantages include the double taxation on corporation, separation of ownership and control.
5. Explain the difference between an S corporation and a C corporation.
Answer: One of the differences between C corporations and S corporations are C corporations must pay corporate income taxes while S corporations do not have to pay corporate taxes, but must pass through the income to shareholders to whom it is taxable.
Chapter 2
The following is provided for use in answering the next set of questions. You may also find table 2.5 on page 53 of your text and all questions on pages 56–57.
TABLE 2.5 2009–2013 Financial Statement Data and Stock Price Data for Mydeco Corp.
Mydeco Corp. 2009–2013
(All data as of fiscal year end; in $ million)
Income Statement
2009
2010
2011
2012
2013
Revenue
Cost of Goods Sold
404.3
(188.3)
363.8
(173.8)
424.6
(206.2)
510.7
(246.8)
604.1
(293.4)
Gross Profit
Sales and Marketing
Administration
Depreciation and Amortization
216.0
(66.7)
(60.6)
(27.3)
190.0
(66.4)
(59.1)
(27.0)
218.4
(82.8)
(59.4)
(34.3)
263.9
(102.1)
(66.4)
(38.4)
310.7
(120.8)
(78.5)
(38.6)
EBIT
Interest Income (Expense)
61.4
(33.7)
37.5
(32.9)
41.9
(32.2)
57.0
(37.4)
72.8
(39.4)
Pretax Income
Income Tax
27.7
(9.7)
4.6
(1.6)
9.7
(3.4)
19.6
(6.9)
33.4
(11.7)
Net Income
Shares outstanding (millions)
Earnings per share
18.0
55.0
$0.33
3.0
55.0
$0.05
6.3
55.0
$0.11
12.7
55.0
$0.23
21.7
55.0
$0.39
Balance Sheet
2009
2010
2011
2012
2013
Assets
Cash
Accounts Receivable
Inventory
48.8
88.6
33.7
68.9
69.8
30.9
86.3
69.8
28.4
77.5
76.9
31.7
85.0
86.1
35.3
.
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Chapter 2The following is provided for use in answering the ne.docx
Chapter 2
The following is provided for use in answering the next set of questions. You may also find table 2.5 on page 53 of your text and all questions on pages 56–57.
TABLE 2.5 2009–2013 Financial Statement Data and Stock Price Data for Mydeco Corp.
Mydeco Corp. 2009–2013
(All data as of fiscal year end; in $ million)
Income Statement
2009
2010
2011
2012
2013
Revenue
Cost of Goods Sold
404.3
(188.3)
363.8
(173.8)
424.6
(206.2)
510.7
(246.8)
604.1
(293.4)
Gross Profit
Sales and Marketing
Administration
Depreciation and Amortization
216.0
(66.7)
(60.6)
(27.3)
190.0
(66.4)
(59.1)
(27.0)
218.4
(82.8)
(59.4)
(34.3)
263.9
(102.1)
(66.4)
(38.4)
310.7
(120.8)
(78.5)
(38.6)
EBIT
Interest Income (Expense)
61.4
(33.7)
37.5
(32.9)
41.9
(32.2)
57.0
(37.4)
72.8
(39.4)
Pretax Income
Income Tax
27.7
(9.7)
4.6
(1.6)
9.7
(3.4)
19.6
(6.9)
33.4
(11.7)
Net Income
Shares outstanding (millions)
Earnings per share
18.0
55.0
$0.33
3.0
55.0
$0.05
6.3
55.0
$0.11
12.7
55.0
$0.23
21.7
55.0
$0.39
Balance Sheet
2009
2010
2011
2012
2013
Assets
Cash
Accounts Receivable
Inventory
48.8
88.6
33.7
68.9
69.8
30.9
86.3
69.8
28.4
77.5
76.9
31.7
85.0
86.1
35.3
Total Current Assets
Net Property, Plant, and Equip.
Goodwill and Intangibles
171.1
245.3
361.7
169.6
169.6
243.3
184.5
309
361.7
186.1
345.6
361.7
206.4
347.0
361.7
Total Assets
Liabilities and Stockholders’ Equity
Accounts Payable
Accrued Compensation
778.1
18.7
6.7
774.6
17.9
6.4
855.2
22.0
7.0
893.4
26.8
8.1
915.1
31.7
9.7
Total Current Liabilities
Long-term Debt
25.4
500.0
24.3
500.0
29.0
575.0
34.9
600.0
41.4
600.0
Total Liabilities
Stockholders’ Equity
525.4
252.7
524.3
250.3
604.0
251.2
634.9
258.5
641.4
273.7
Total Liabilities and Stockholders’ Equity
778.1
774.6
855.2
893.4
915.1
Statement of Cash Flows
2009
2010
2011
2012
2013
Net Income
Depreciation and Amortization
Chg. in Accounts Receivable
Chg. in Inventory
Chg. in Payables and Accrued Comp.
18.0
27.3
3.9
(2.9)
2.2
3.0
27.0
18.8
2.8
(1.1)
6.3
34.3
(0.0)
2.5
4.7
12.7
38.4
(7.1)
(3.3)
5.9
21.7
38.6
(9.2)
(3.6)
6.5
Cash from Operations
Capital Expenditures
48.5
(25.0)
50.5
(25.0)
47.8
(100.0)
46.6
(75.0)
54.0
(40.0)
Cash from Investing Activities
Dividends Paid
Sale (or purchase) of stock
Debt Issuance (Pay Down)
(25.0)
(5.4)
—
—
(25.0)
(5.4)
—
—
(100.0)
(5.4)
—
75.0
(75.0)
(5.4)
—
25.0
(40.0)
(6.5)
—
—
Cash from Financing Activities
(5.4)
(5.4)
69.6
19.6
(6.5)
Change in Cash
18.1
20.1
17.4
(8.8)
7.5
Mydeco Stock Price
$7.92
$3.30
$5.25
$8.71
$10.89
29.
In fiscal year 2011, Starbucks Corporation (SBUX) had revenue of $11.70 billion, gross profit of $6.75 billion, and net income of $1.25 billion. Peet’s Coffee and Tea (PEET) had revenue of $372 million, gross profit of $72.7 million, and net income of $17.8 million.
a. Compare the gross margins for Starbucks and Peet’s.
b. Compare the net profit margins for Starbucks and Peet’s.
c. Which firm was more profitable in 2011?
31.
See
Table 2.5
showing financial .
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Recommended
Week 1 Problem SetAnswer the following questions and solve the f.docx
Week 1 Problem Set
Answer the following questions and solve the following problems in the space provided. When you are done, save the file in the format flastname_Week_1_Problem_Set.docx, where flastname is your first initial and you last name, and submit it to the appropriate dropbox.
Chapter 1 (page 19)
1. What is the most important difference between a corporation and all other organizational forms?
Answer: Main difference between a corporation with all other organizational forms is that a corporation and its owner are separate entity.
2. What does the phrase limited liability mean in a corporate context?
Answer: In limited liability, shareholders or stockholders are not liable or responsible for any situations of the firm. For example, shareholders are not hold to any debt incurred by the firm nor are they required to pay back it back. Also, owners ‘ liability is limited to their investment on the firm.
3. Which organizational forms give their owners limited liability?
Answer: They organizational forms that give their owners limited liability are corporations and limited liability companies. Limited partnership only provides limited liability to its limited partners not to their general partners.
4. What are the main advantages and disadvantages of organizing a firm as a corporation?
Answer: The advantages include infinite life, limited liability and liquidity. The disadvantages include the double taxation on corporation, separation of ownership and control.
5. Explain the difference between an S corporation and a C corporation.
Answer: One of the differences between C corporations and S corporations are C corporations must pay corporate income taxes while S corporations do not have to pay corporate taxes, but must pass through the income to shareholders to whom it is taxable.
Chapter 2
The following is provided for use in answering the next set of questions. You may also find table 2.5 on page 53 of your text and all questions on pages 56–57.
TABLE 2.5 2009–2013 Financial Statement Data and Stock Price Data for Mydeco Corp.
Mydeco Corp. 2009–2013
(All data as of fiscal year end; in $ million)
Income Statement
2009
2010
2011
2012
2013
Revenue
Cost of Goods Sold
404.3
(188.3)
363.8
(173.8)
424.6
(206.2)
510.7
(246.8)
604.1
(293.4)
Gross Profit
Sales and Marketing
Administration
Depreciation and Amortization
216.0
(66.7)
(60.6)
(27.3)
190.0
(66.4)
(59.1)
(27.0)
218.4
(82.8)
(59.4)
(34.3)
263.9
(102.1)
(66.4)
(38.4)
310.7
(120.8)
(78.5)
(38.6)
EBIT
Interest Income (Expense)
61.4
(33.7)
37.5
(32.9)
41.9
(32.2)
57.0
(37.4)
72.8
(39.4)
Pretax Income
Income Tax
27.7
(9.7)
4.6
(1.6)
9.7
(3.4)
19.6
(6.9)
33.4
(11.7)
Net Income
Shares outstanding (millions)
Earnings per share
18.0
55.0
$0.33
3.0
55.0
$0.05
6.3
55.0
$0.11
12.7
55.0
$0.23
21.7
55.0
$0.39
Balance Sheet
2009
2010
2011
2012
2013
Assets
Cash
Accounts Receivable
Inventory
48.8
88.6
33.7
68.9
69.8
30.9
86.3
69.8
28.4
77.5
76.9
31.7
85.0
86.1
35.3
.
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Chapter 2The following is provided for use in answering the ne.docx
Chapter 2
The following is provided for use in answering the next set of questions. You may also find table 2.5 on page 53 of your text and all questions on pages 56–57.
TABLE 2.5 2009–2013 Financial Statement Data and Stock Price Data for Mydeco Corp.
Mydeco Corp. 2009–2013
(All data as of fiscal year end; in $ million)
Income Statement
2009
2010
2011
2012
2013
Revenue
Cost of Goods Sold
404.3
(188.3)
363.8
(173.8)
424.6
(206.2)
510.7
(246.8)
604.1
(293.4)
Gross Profit
Sales and Marketing
Administration
Depreciation and Amortization
216.0
(66.7)
(60.6)
(27.3)
190.0
(66.4)
(59.1)
(27.0)
218.4
(82.8)
(59.4)
(34.3)
263.9
(102.1)
(66.4)
(38.4)
310.7
(120.8)
(78.5)
(38.6)
EBIT
Interest Income (Expense)
61.4
(33.7)
37.5
(32.9)
41.9
(32.2)
57.0
(37.4)
72.8
(39.4)
Pretax Income
Income Tax
27.7
(9.7)
4.6
(1.6)
9.7
(3.4)
19.6
(6.9)
33.4
(11.7)
Net Income
Shares outstanding (millions)
Earnings per share
18.0
55.0
$0.33
3.0
55.0
$0.05
6.3
55.0
$0.11
12.7
55.0
$0.23
21.7
55.0
$0.39
Balance Sheet
2009
2010
2011
2012
2013
Assets
Cash
Accounts Receivable
Inventory
48.8
88.6
33.7
68.9
69.8
30.9
86.3
69.8
28.4
77.5
76.9
31.7
85.0
86.1
35.3
Total Current Assets
Net Property, Plant, and Equip.
Goodwill and Intangibles
171.1
245.3
361.7
169.6
169.6
243.3
184.5
309
361.7
186.1
345.6
361.7
206.4
347.0
361.7
Total Assets
Liabilities and Stockholders’ Equity
Accounts Payable
Accrued Compensation
778.1
18.7
6.7
774.6
17.9
6.4
855.2
22.0
7.0
893.4
26.8
8.1
915.1
31.7
9.7
Total Current Liabilities
Long-term Debt
25.4
500.0
24.3
500.0
29.0
575.0
34.9
600.0
41.4
600.0
Total Liabilities
Stockholders’ Equity
525.4
252.7
524.3
250.3
604.0
251.2
634.9
258.5
641.4
273.7
Total Liabilities and Stockholders’ Equity
778.1
774.6
855.2
893.4
915.1
Statement of Cash Flows
2009
2010
2011
2012
2013
Net Income
Depreciation and Amortization
Chg. in Accounts Receivable
Chg. in Inventory
Chg. in Payables and Accrued Comp.
18.0
27.3
3.9
(2.9)
2.2
3.0
27.0
18.8
2.8
(1.1)
6.3
34.3
(0.0)
2.5
4.7
12.7
38.4
(7.1)
(3.3)
5.9
21.7
38.6
(9.2)
(3.6)
6.5
Cash from Operations
Capital Expenditures
48.5
(25.0)
50.5
(25.0)
47.8
(100.0)
46.6
(75.0)
54.0
(40.0)
Cash from Investing Activities
Dividends Paid
Sale (or purchase) of stock
Debt Issuance (Pay Down)
(25.0)
(5.4)
—
—
(25.0)
(5.4)
—
—
(100.0)
(5.4)
—
75.0
(75.0)
(5.4)
—
25.0
(40.0)
(6.5)
—
—
Cash from Financing Activities
(5.4)
(5.4)
69.6
19.6
(6.5)
Change in Cash
18.1
20.1
17.4
(8.8)
7.5
Mydeco Stock Price
$7.92
$3.30
$5.25
$8.71
$10.89
29.
In fiscal year 2011, Starbucks Corporation (SBUX) had revenue of $11.70 billion, gross profit of $6.75 billion, and net income of $1.25 billion. Peet’s Coffee and Tea (PEET) had revenue of $372 million, gross profit of $72.7 million, and net income of $17.8 million.
a. Compare the gross margins for Starbucks and Peet’s.
b. Compare the net profit margins for Starbucks and Peet’s.
c. Which firm was more profitable in 2011?
31.
See
Table 2.5
showing financial .
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Table 3.2Dana Dairy Products Key RatiosIncome StatementD.docx
Table 3.2
Dana Dairy Products Key Ratios
Income Statement
Dana Dairy Products
For the Year Ended December 31, 2010
Balance Sheet
Dana Dairy Products
December 31, 2010
The inventory management at Dana Dairy Products ________ since 2009. (See Table 3.2)
Answer
has deteriorated
remained the same
has improved slightly
cannot be determined
Question 2
Table 3.2
Dana Dairy Products Key Ratios
Income Statement
Dana Dairy Products
For the Year Ended December 31, 2010
Balance Sheet
Dana Dairy Products
December 31, 2010
If Dana Dairy Products has credit terms which specify that accounts receivable should be paid in 25 days, the average collection period ________ since 2009. (See Table 3.2)
Answer
has deteriorated
remained the same
has improved
cannot be determined
Question 3
Table 3.2
Dana Dairy Products Key Ratios
Income Statement
Dana Dairy Products
For the Year Ended December 31, 2010
Balance Sheet
Dana Dairy Products
December 31, 2010
The return on equity for Dana Dairy Products for 2010 was ________. (See Table 3.2)
Answer
0.6 percent
5.6 percent
0.9 percent
50 percent
Q4
Table 3.2
Dana Dairy Products Key Ratios
Income Statement
Dana Dairy Products
For the Year Ended December 31, 2010
Balance Sheet
Dana Dairy Products
December 31, 2010
The current ratio for Dana Dairy Products in 2010 was ________. (See Table 3.2)
Answer
1.58
0.63
1.10
0.91
Q5
Table 3.2
Dana Dairy Products Key Ratios
Income Statement
Dana Dairy Products
For the Year Ended December 31, 2010
Balance Sheet
Dana Dairy Products
December 31, 2010
Since 2009, the liquidity of Dana Dairy Products ________. (See Table 3.2)
Answer
has deteriorated
remained the same
has improved
cannot be determined
Q6
Table 3.2
Dana Dairy Products Key Ratios
Income Statement
Dana Dairy Products
For the Year Ended December 31, 2010
Balance Sheet
Dana Dairy Products
December 31, 2010
Using the modified DuPont formula allows the analyst to break Dana Dairy Products return on equity into 3 components: the net profit margin, the total asset turnover, and a measure of leverage (the financial leverage multiplier). Which of the following mathematical expressions represents the modified DuPont formula relative to Dana Dairy Products' 2010 performance? (See Table 3.2)
Answer
5.6(ROE) = 2.5(ROA) x 2.24(Financial leverage multiplier)
5.6(ROE) = 3.3(ROA) x 1.70(Financial leverage multiplier)
4.0(ROE) = 2.0(ROA) x 2.00(Financial leverage multiplier)
2.5(ROE) = 5.6(ROA) x 0.44(Financial leverage multiplier)
Question 7
You are given the following information: Stockholders' equity = $1,250; price/earnings ratio = 5; shares outstanding = 25; and market/book ratio = 1.5. Calculate the market price of a share of the company's stock.
$ 33.33
b. $ 75.00
c. $ 10.00
d. $166.67
e. $133.32
Question 8
Calculate net operating profit after taxes (NOPAT) if a firm has sales of $1,000,000, operating profit (EBIT) of $100,000, interest expense of $50,000, an ...
PROBLEM 8-18a. Fill in the worksheet with the appropriate value.docx
PROBLEM 8-18:
a. Fill in the worksheet with the appropriate values, provide footnotes with calculations as appropriate;
Davis Corporation
Accounting Equation
Event
Assets
=
Liabilities
Stockholders’ Equity
Cash
=
Div. . Pay .
+
Pfd.
Stk.
+
Com. Stk.
+
PIC in Exc. PS
+
PIC in Exc.
CS
Trea-sury Stock
+
Ret. Earn.
Acct. Title R/E
2012
1/2
1/15
2/14
12/31
12/31
12/31*
Bal.
=
+
+
+
+
+
2013
1/31
3/1
6/1
12/31
12/31
12/31**
Bal.
=
+
+
+
+
+
Footnotes: * :
Footnotes: **:
b. Fill in the worksheet with the appropriate values;
Stockholders’ Equity
Preferred Stock, $50 par value, 5% cumulative, 50,000 shares authorized, 1,000 shares issued and outstanding
Common Stock, $10 par value, 100,000 shares authorized, 20,000 shares issued and outstanding
Paid-In Capital in Excess of ParPreferred Stock
Paid-In Capital in Excess of ParCommon Stock
Total Paid-In Capital
Retained Earnings
Total Stockholders’ Equity
c. Fill in the worksheet with the appropriate values;
Davis Corporation
Balance Sheet
As of December 31, 2013
Assets
Cash
Total Assets
Liabilities
Dividends Payable
Total Liabilities
Stockholders’ Equity
Preferred Stock, $50 par value, 5% cumulative, 50,000 shares authorized, 3,000 shares issued and outstanding
Common Stock, $10 par value, 100,000 shares authorized, 20,000 shares issued, 19,500 shares outstanding
Paid-In Capital in Excess of ParPreferred Stock
Paid-In Capital in Excess of ParCommon Stock
Total Paid-In Capital
Retained Earnings2
Less: Treasury Stock
Total Stockholders’ Equity
Total Liabilities and Stockholders’ Equity
PROBLEM 8-23:
This problem requires a brief memo, the completed schedules below and discussions;
Advantages
Disadvantages
Partnership
Ease of formation
Less regulation
Lower effective tax rate
Limited life
Mutual agency
Unlimited liability
Corporation
Unlimited life
Limited liability
Capital easier to acquire & ownership easily transferred
More regulation
Higher effective tax rate
Partnership
Corporation
Income before taxes
Tax at entity level (30%)
Net income distributed to owners
Less: Individual income tax (30%/15%)
After-tax cash flow
After-tax cash flow available to each investor*
Effective tax rate*
* show calculations
PROBLEM 7-26:
a. Fill in the worksheet with the appropriate values, provide footnotes with calculations as appropriate;
Artesia Co.
Effect of Events on the General Ledger
2012 and 2013
Asset.
PAPA GEO’S RESTAURANT14Papa Geo’s RestaurantBudget Proposal.docx
PAPA GEO’S RESTAURANT14
Papa Geo’s Restaurant
Budget Proposal
for
[2020-2024]
Table of Contents
Section
Title
Subsection
Title
Page Number1.0Executive Summary
42.0Sales Forecast
4
2.1Sales Forecast
2.2Methods and Assumptions
3.0Capital Expenditure Budget
44.0Investment Analysis
5
4.1Cash Flows
5
4.2NPV Analysis
5
4.3Rate of Return Calculations
6
4.4Payback Period Calculations
65.0Pro Forma Financial Statements
7
5.1Pro Forma Income Statement
7
5.2Pro Forma Balance Sheet
7
5.3Pro Forma Cash Budget
86.0Works Cited
87.0Appendices
8
7.1Appendix 1: [description]
7.2Appendix 2:
[description]
1.0 Executive Summary
Papa Geo’s Restaurant needs to be competitive and unveil marketing crusades to protect their returns in the business. However, it is guided by typical objectives in the marketing plan. The first objective of the restaurant is ensuring customer satisfaction and loyalty. The target market entails about 10,000 families which is a totality of lower to middle class clients with zero direct competition. However, the customers’ satisfaction is determined the customer’s loyalty to the restaurant especially due to the services that they receive. The restaurant wins the customers through the good Italian food of low price. Stunning cleanliness of the restaurant is welcoming and eye catching which applies to both the foods served and the environment. Generation of the restraint traffic will impact the Restaurant towards success. The restaurant will cultivate a customer base such as having demanding lunchtimes and dinner services through intensive marketing. It will achieve this through weekly and monthly promotions as the marketing strategies.
The restaurant needs to attain their financial goals. The objective is to meet the financial income goal of $40000 annually. At the starting of the second year the company expects to attain a minimum of 2% profits of the sales. The main objective of the restaurant is profitability. It is attainable with the managerial ability to achieve the weekly goals especially through cost reduction with profitability growth concurrently.The restaurant needs to develop a restaurant brand. As the restaurant grows successfully, it will improve it’s place in the local market and toughen the brand. The quality of the food served has a great influence on the restaurant branding. The company purposes to cook using healthy products and use the brand to win new customers (Myers, 2019).
2.0 Sales Forecast
The sales forecast table illustrates the restaurants ability to offer services to the clients through listing the total services sold and the net sales in every year.2.1 Sales Forecast
Year 1
Year 2
Year 3
Year 4
Year 5
Sales
$1,074,150
$2,157,700
$2,390,100
$2,625,920
$2,880,040
The sales are expected to rise each year as the restaurant continues to gain a higher customer base each year through marketing.2.2 Methods and Assumptions
The sales forecast figures were .
PAPA GEO’S RESTAURANT14Papa Geo’s RestaurantBudget Proposal.docx
PAPA GEO’S RESTAURANT14
Papa Geo’s Restaurant
Budget Proposal
for
[2020-2024]
Table of Contents
Section
Title
Subsection
Title
Page Number1.0Executive Summary
42.0Sales Forecast
4
2.1Sales Forecast
2.2Methods and Assumptions
3.0Capital Expenditure Budget
44.0Investment Analysis
5
4.1Cash Flows
5
4.2NPV Analysis
5
4.3Rate of Return Calculations
6
4.4Payback Period Calculations
65.0Pro Forma Financial Statements
7
5.1Pro Forma Income Statement
7
5.2Pro Forma Balance Sheet
7
5.3Pro Forma Cash Budget
86.0Works Cited
87.0Appendices
8
7.1Appendix 1: [description]
7.2Appendix 2:
[description]
1.0 Executive Summary
Papa Geo’s Restaurant needs to be competitive and unveil marketing crusades to protect their returns in the business. However, it is guided by typical objectives in the marketing plan. The first objective of the restaurant is ensuring customer satisfaction and loyalty. The target market entails about 10,000 families which is a totality of lower to middle class clients with zero direct competition. However, the customers’ satisfaction is determined the customer’s loyalty to the restaurant especially due to the services that they receive. The restaurant wins the customers through the good Italian food of low price. Stunning cleanliness of the restaurant is welcoming and eye catching which applies to both the foods served and the environment. Generation of the restraint traffic will impact the Restaurant towards success. The restaurant will cultivate a customer base such as having demanding lunchtimes and dinner services through intensive marketing. It will achieve this through weekly and monthly promotions as the marketing strategies.
The restaurant needs to attain their financial goals. The objective is to meet the financial income goal of $40000 annually. At the starting of the second year the company expects to attain a minimum of 2% profits of the sales. The main objective of the restaurant is profitability. It is attainable with the managerial ability to achieve the weekly goals especially through cost reduction with profitability growth concurrently.The restaurant needs to develop a restaurant brand. As the restaurant grows successfully, it will improve it’s place in the local market and toughen the brand. The quality of the food served has a great influence on the restaurant branding. The company purposes to cook using healthy products and use the brand to win new customers (Myers, 2019).
2.0 Sales Forecast
The sales forecast table illustrates the restaurants ability to offer services to the clients through listing the total services sold and the net sales in every year.2.1 Sales Forecast
Year 1
Year 2
Year 3
Year 4
Year 5
Sales
$1,074,150
$2,157,700
$2,390,100
$2,625,920
$2,880,040
The sales are expected to rise each year as the restaurant continues to gain a higher customer base each year through marketing.2.2 Methods and Assumptions
The sales forecast figures were .
PAPA GEO’S RESTAURANT13Papa Geo’s RestaurantBudget Proposal.docx
PAPA GEO’S RESTAURANT13
Papa Geo’s Restaurant
Budget Proposal
for
[2020-2024]
Table of Contents
Section
Title
Subsection
Title
Page Number1.0Executive Summary
42.0Sales Forecast
4
2.1Sales Forecast
2.2Methods and Assumptions
3.0Capital Expenditure Budget
44.0Investment Analysis
5
4.1Cash Flows
5
4.2NPV Analysis
5
4.3Rate of Return Calculations
6
4.4Payback Period Calculations
65.0Pro Forma Financial Statements
7
5.1Pro Forma Income Statement
7
5.2Pro Forma Balance Sheet
7
5.3Pro Forma Cash Budget
86.0Works Cited
87.0Appendices
8
7.1Appendix 1: [description]
7.2Appendix 2:
[description]
1.0 Executive Summary
Papa Geo’s Restaurant needs to be competitive and unveil marketing crusades to protect their returns in the business. However, it is guided by typical objectives in the marketing plan. The first objective of the restaurant is ensuring customer satisfaction and loyalty. The target market entails about 10,000 families which is a totality of lower to middle class clients with zero direct competition. However, the customers’ satisfaction is determined the customer’s loyalty to the restaurant especially due to the services that they receive. The restaurant wins the customers through the good Italian food of low price. Stunning cleanliness of the restaurant is welcoming and eye catching which applies to both the foods served and the environment. Generation of the restraint traffic will impact the Restaurant towards success. The restaurant will cultivate a customer base such as having demanding lunchtimes and dinner services through intensive marketing. It will achieve this through weekly and monthly promotions as the marketing strategies.
The restaurant needs to attain their financial goals. The objective is to meet the financial income goal of $40000 annually. At the starting of the second year the company expects to attain a minimum of 2% profits of the sales. The main objective of the restaurant is profitability. It is attainable with the managerial ability to achieve the weekly goals especially through cost reduction with profitability growth concurrently.The restaurant needs to develop a restaurant brand. As the restaurant grows successfully, it will improve it’s place in the local market and toughen the brand. The quality of the food served has a great influence on the restaurant branding. The company purposes to cook using healthy products and use the brand to win new customers (Myers, 2019).
2.0 Sales Forecast
The sales forecast table illustrates the restaurants ability to offer services to the clients through listing the total services sold and the net sales in every year.2.1 Sales Forecast
Year 1
Year 2
Year 3
Year 4
Year 5
Sales
$1,074,150
$2,157,700
$2,390,100
$2,625,920
$2,880,040
The sales are expected to rise each year as the restaurant continues to gain a higher customer base each year through marketing.2.2 Methods and Assumptions
The sales forecast figures were .
Chapter 2Problems Set BP2-1B Suppose the following items are .docx
Chapter 2
Problems: Set B
P2-1B Suppose the following items are taken from the 2014 balance sheet of Starbucks Corporation. (All dollars are in millions.)
Goodwill
$ 477
Common stock
40
Equipment
3,036
Accounts payable
391
Stock investments (long-term)
280
Accounts receivable
288
Prepaid rent
278
Debt investments (current)
157
Retained earnings
2,244
Cash
281
Notes payable (noncurrent)
550
Notes payable (current)
1,468
Unearned sales revenue (current)
297
Bonds payable
354
Inventory
692
Accumulated depreciation—equipment
145
Instructions
Prepare a classified balance sheet for Starbucks Corporation as of September 30, 2014.
P2-2B These items are taken from the financial statements of Mueller, Inc.
Prepaid insurance
$ 2,400
Equipment
30,000
Salaries and wages expense
34,000
Utilities expense
2,100
Accumulated depreciation—equipment
7,600
Accounts payable
7,200
Cash
6,100
Accounts receivable
2,900
Salaries and wages payable
3,000
Common stock
6,000
Depreciation expense
4,300
Retained earnings (beginning)
14,000
Dividends
2,600
Service revenue
51,000
Maintenance and repairs expense
2,600
Insurance expense
1,800
Instructions
Prepare an income statement, a retained earnings statement, and a classified balance sheet as of December 31, 2014.
P2-3B You are provided with the following information for Vern Corporation, effective as of its April 30, 2014, year-end.
Accounts payable
$ 3,100
Accounts receivable
10,150
Accumulated depreciation—equipment
6,600
Depreciation expense
3,200
Cash
20,955
Common stock
20,000
Dividends
2,800
Equipment
24,250
Sales revenue
20,450
Income tax expense
700
Income taxes payable
300
Interest expense
350
Interest payable
175
Notes payable (due in 2018)
4,700
Prepaid rent
380
Rent expense
660
Retained earnings, beginning
13,960
Salaries and wages expense
5,840
Instructions
(a)
Prepare an income statement and a retained earnings statement for Vern Corporation for the year ended April 30, 2014.
(b)
Prepare a classified balance sheet for Vern as of April 30, 2014.
P2-4B Comparative statement data for Omaz Company and Wise Company, two competitors, are presented below. All balance sheet data are as of December 31, 2014.
Omaz Company
Wise Company
2014
2014
Net sales
$450,000
$900,000
Cost of goods sold
225,000
450,000
Operating expenses
130,000
150,000
Interest expense
6,000
10,000
Income tax expense
15,000
75,000
Current assets
180,000
700,000
Plant assets (net)
600,000
800,000
Current liabilities
75,000
230,000
Long-term liabilities
190,000
200,000
Net cash provided by operating activities
46,000
180,000
Capital expenditures
20,000
50,000
Dividends paid
-0-
5,000
Average number of shares outstanding
200,000
500,000
Instructions
(a)
Compute the net income and earnings per share for each company for 2014.
(b)
Comment on the relative liquidity of the companies by computing working capital and the current ratio for each company for 2014.
(c)
Comment on the relative solvency of the.
NAME_____________________________________________________________.docx
NAME_____________________________________________________________
Financial Statement Analysis
Exam 1
1. The 2011 financial statements for Leggett & Platt, Inc. report the following information:
Year ended December 31,
2011
2010
(In millions)
Depreciation and amortization expense
$ 98.1
$ 103.0
Property and equipment, net
580.6
624.2
Land
45.2
48.5
Accumulated depreciation and amortization
1,193.2
1.173.9
a. By what percentage are the assets ‘used up’ at the year-end 2011? What implication does this ratio have for future cash flows at Leggett & Platt?
b. Estimate the useful life on average for the Leggett & Platt depreciable assets.
2. Leggett & Platt, Inc. reported net sales of $3,636.0 million in 2011 and $3,359.1 million in 2010. The asset side of the balance sheet follows, below. Use this information to answer the required.
LEGGETT & PLATT, INCORPORATED
Consolidated Balance Sheets
December 31
2011
2010
(in millions)
Cash and cash equivalents
$ 236.3
$ 244.5
Accounts and other receivables, net of allowance of $24.3 and $22.1
503.6
478.9
Finished goods
261.3
241.1
Work in process
41.5
47.7
Raw materials and supplies
223.9
218.2
LIFO reserve
(85.7)
(71.7)
Total inventories, net
441.0
435.3
Other current assets
43.1
60.4
Total current assets
1,224.0
1,219.1
Machinery and equipment
1,120.1
1,136.6
Buildings and other
608.5
613.0
Land
45.2
48.5
Total property, plant and equipment
1,773.8
1,798.1
Less accumulated depreciation
1,193.2
1,173.9
Net property, plant and equipment
580.6
624.2
Goodwill
926.6
930.3
Other intangibles, less accumulated amortization of $76.9 and $65.9 at December 31, 2008 and 2007, respectively
116.6
152.3
Sundry
67.3
75.1
TOTAL ASSETS
$2,915.1
$3,001.0
Required:
a. What is the company’s gross amount of receivables at the end of 2011 and 2010?
b. Compute the common-sized gross accounts receivable, for both years. Interpret the year-over-year change in this ratio.
c. Compute the allowance for doubtful accounts to gross accounts receivable, for both years. Interpret the year-over-year change in this ratio.
d. Based on the ratios you calculated, form an opinion about the quality of the company’s accounts receivable.
3. Use the following selected balance sheet and income statement data for Mattel Inc. (in $ thousands) to compute:
a. return on equity
b. profit margin (PM)
c. asset turnover (AT)
d. financial leverage (FL) for fiscal 2011. Show that ROE = PM × AT × FL.
(in thousands)
2011
2010
Net sales
$ 6,266,037
$ 5,856,195
Operating income
1,041,101
901,902
Interest expense
75,332
64,839
Net income
768,508
684,863
Total assets
5,671,638
5,417,733
Total liabilities
3,061,035
2,789,149
4. Income statements and balance sheets follow for Snap-On Incorporated. Refer to these financial statements to answer the requirements.
Snap-On Incorporated
Cons.
Week 1 Problem SetAnswer the following questions and solve.docx
Week 1 Problem Set
Answer the following questions and solve the following problems in the space provided. When you are done, save the file in the format flastname_Week_1_Problem_Set.docx, where flastname is your first initial and you last name, and submit it to the appropriate dropbox.
Chapter 1 (page 19)
1.
What is the most important difference between a corporation and all other organizational forms?
2.
What does the phrase limited liability mean in a corporate context?
3.
Which organizational forms give their owners limited liability?
4.
What are the main advantages and disadvantages of organizing a firm as a corporation?
5.
Explain the difference between an S corporation and a C corporation.
Chapter 2
The following is provided for use in answering the next set of questions. You may also find table 2.5 on page 53 of your text and all questions on pages 56–57.
TABLE 2.5 2009–2013 Financial Statement Data and Stock Price Data for Mydeco Corp.
Mydeco Corp. 2009–2013
(All data as of fiscal year end; in $ million)
Income Statement
2009
2010
2011
2012
2013
Revenue
Cost of Goods Sold
404.3
(188.3)
363.8
(173.8)
424.6
(206.2)
510.7
(246.8)
604.1
(293.4)
Gross Profit
Sales and Marketing
Administration
Depreciation and Amortization
216.0
(66.7)
(60.6)
(27.3)
190.0
(66.4)
(59.1)
(27.0)
218.4
(82.8)
(59.4)
(34.3)
263.9
(102.1)
(66.4)
(38.4)
310.7
(120.8)
(78.5)
(38.6)
EBIT
Interest Income (Expense)
61.4
(33.7)
37.5
(32.9)
41.9
(32.2)
57.0
(37.4)
72.8
(39.4)
Pretax Income
Income Tax
27.7
(9.7)
4.6
(1.6)
9.7
(3.4)
19.6
(6.9)
33.4
(11.7)
Net Income
Shares outstanding (millions)
Earnings per share
18.0
55.0
$0.33
3.0
55.0
$0.05
6.3
55.0
$0.11
12.7
55.0
$0.23
21.7
55.0
$0.39
Balance Sheet
2009
2010
2011
2012
2013
Assets
Cash
Accounts Receivable
Inventory
48.8
88.6
33.7
68.9
69.8
30.9
86.3
69.8
28.4
77.5
76.9
31.7
85.0
86.1
35.3
Total Current Assets
Net Property, Plant, and Equip.
Goodwill and Intangibles
171.1
245.3
361.7
169.6
169.6
243.3
184.5
309
361.7
186.1
345.6
361.7
206.4
347.0
361.7
Total Assets
Liabilities and Stockholders’ Equity
Accounts Payable
Accrued Compensation
778.1
18.7
6.7
774.6
17.9
6.4
855.2
22.0
7.0
893.4
26.8
8.1
915.1
31.7
9.7
Total Current Liabilities
Long-term Debt
25.4
500.0
24.3
500.0
29.0
575.0
34.9
600.0
41.4
600.0
Total Liabilities
Stockholders’ Equity
525.4
252.7
524.3
250.3
604.0
251.2
634.9
258.5
641.4
273.7
Total Liabilities and Stockholders’ Equity
778.1
774.6
855.2
893.4
915.1
Statement of Cash Flows
2009
2010
2011
2012
2013
Net Income
Depreciation and Amortization
Chg. in Accounts Receivable
Chg. in Inventory
Chg. in Payables and Accrued Comp.
18.0
27.3
3.9
(2.9)
2.2
3.0
27.0
18.8
2.8
(1.1)
6.3
34.3
(0.0)
2.5
4.7
12.7
38.4
(7.1)
(3.3)
5.9
21.7
38.6
(9.2)
(3.6)
6.5
Cash from Operations
Capital Expenditures
48.5
(25.0)
50.5
(25.0)
47.8
(100.0)
46.6
(75.0)
54.0
(40.0)
Cash from Investing Activities
Dividends Paid
Sale (or purchase) of stock
Debt Issuance (Pay Down)
(25.0)
(5.4)
—
—
(2.
Chapter 1KEY TERMS Define each of the following termsa. Sar.docx
Chapter 1
KEY TERMS Define each of the following terms:
a. Sarbanes-Oxley Act
b. Proprietorship; partnership; corporation
c. S corporations; limited liability companies (LLCs); limited liability partnerships (LLPs)
d. Stockholder wealth maximization
e. Intrinsic value; market price
f. Equilibrium; marginal investor
Questıons
1- If you bought a share of stock, what would you expect to receive, when would you expect
to receive it, and would you be certain that your expectations would be met?
2- If most investors expect the same cash flows from Companies A and B but are more confident
that A’s cash flows will be closer to their expected value, which company should
have the higher stock price? Explain.
3- What is a firm’s intrinsic value? its current stock price? Is the stock’s “true long-run value”
more closely related to its intrinsic value or to its current price?
4- When is a stock said to be in equilibrium? At any given time, would you guess that most
stocks are in equilibrium as you defined it? Explain.
Suppose three honest individuals gave you their estimates of Stock X’s intrinsic value.
5- One person is your current roommate, the second person is a professional security analyst
with an excellent reputation on Wall Street, and the third person is Company X’s CFO. If
the three estimates differed, in which one would you have the most confidence? Why?
Chapter 2
KEY TERMS Define each of the following terms:
a. Spot markets; futures markets
b. Money markets; capital markets
c. Primary markets; secondary markets
d. Private markets; public markets
e. Derivatives
Questıons
1- How does a cost-efficient capital market help reduce the prices of goods and services?
2- Describe the different ways in which capital can be transferred from suppliers of capital to
those who are demanding capital.
3- Is an initial public offering an example of a primary or a secondary market transaction?
Explain.
4- Indicate whether the following instruments are examples of money market or capital market
securities.
a. U.S. Treasury bills
b. Long-term corporate bonds
c. Common stocks
5- What would happen to the U.S. standard of living if people lost faith in the safety of the
financial institutions? Explain
Chapter 3
KEY TERMS Define each of the following terms:
a. Annual report; balance sheet; income statement; statement of cash flows; statement of
stockholders’ equity
b. Stockholders’ equity; retained earnings; working capital; net working capital
c. Depreciation; amortization; operating income; EBITDA; free cash flow
d. Progressive tax; marginal tax rate; average tax rate
e. Tax loss carry-back; carry-forward; AMT
f. Capital gain (loss)
g. S corporation
Questıons
1- What four financial statements are contained in most annual reports?
2- Who are some of the basic users of financial statements, and how do they use them?
3- If a “typical” firm reports $20 million of retained earnings on its balance sheet, could its
directors declare a $20 million cash dividend wi ...
Computer ProjectAlternative Investment Methods, Goodwill Impairm.docx
Computer Project
Alternative Investment Methods, Goodwill Impairment, and Consolidated Financial Statements
In this project, you are to provide an analysis of alternative accounting methods for controlling interest investments and subsequent effects on consolidated reporting. The project requires the use of a computer and a spreadsheet software package (e.g., Microsoft Excel, etc.). The use of these tools allows you to assess the sensitivity of alternative accounting methods on consolidated financial reporting without preparing several similar worksheets by hand. Also, by modeling a worksheet process, you can develop a better understanding of accounting for combined reporting entities.
Page 142
Consolidated Worksheet Preparation
You will be creating and entering formulas to complete four worksheets. The first objective is to demonstrate the effect of different methods of accounting for the investments (equity, initial value, and partial equity) on the parent company's trial balance and on the consolidated worksheet subsequent to acquisition. The second objective is to show the effect on consolidated balances and key financial ratios of recognizing a goodwill impairment loss.
The project requires preparation of the following four separate worksheets:
1. Consolidated information worksheet (follows).
2. Equity method consolidation worksheet.
3. Initial value method consolidation worksheet.
4. Partial equity method consolidation worksheet.
If your spreadsheet package has multiple worksheet capabilities (e.g., Excel), you can use separate worksheets; otherwise, each of the four worksheets can reside in a separate area of a single spreadsheet.
In formulating your solution, each worksheet should link directly to the first worksheet. Also, feel free to create supplemental schedules to enhance the capabilities of your worksheet.
Project Scenario
Pecos Company acquired 100 percent of Suaro's outstanding stock for $1,450,000 cash on January 1, 2012, when Suaro had the following balance sheet:
Assets
Liabilities and Equity
Cash
$ 37,000
Liabilities
$(422,000)
Receivables
82,000
Inventory
149,000
Common stock
(350,000)
Land
90,000
Retained earnings
(126,000)
Equipment (net)
225,000
Software
315,000
Total assets
$898,000
Total liabilities and equity
$(898,000)
At the acquisition date, the fair values of each identifiable asset and liability that differed from book value were as follows:
Land
$ 80,000
Brand name
60,000
(indefinite life—unrecognized on Suaro's books)
Software
415,000
(2-year estimated useful life)
In-process R&D
300,000
Additional Information
1. Although at acquisition date Pecos expected future benefits from Suaro's in-process research and development (R&D), by the end of 2012, it became clear that the research project was a failure with no future economic benefits.
1. During 2012, Suaro earns $75,000 and pays no dividends.
1. Selected amounts from Pecos and Suaro's separate financial statements at December 31, 2013, are presented i.
Busi 320 Dev Shell - 2012 Fall BFoundations of Financial Managem.docx
Busi 320 Dev Shell - 2012 Fall B
Foundations of Financial Management ( Block , 14th ed.)
assignment: Homework 1
1.Problem 2-1 Income statement [LO1]
Frantic Fast Foods had earnings after taxes of $1,200,000 in the year 2009 with 322,000 shares outstanding. On January 1, 2010, the firm issued 30,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 24 percent.
(a)
Compute earnings per share for the year 2009. (Round your answer to 2 decimal places. Omit the "$" sign in your response.)
Earnings per share
(b)
Compute earnings per share for the year 2010. (Round your answer to 2 decimal places. Omit the "$" sign in your response.)
Earnings per share
2.Problem 2-3 Gross profit [LO1]
Hillary Swank Clothiers had sales of $428,000 and cost of goods sold of $260,000.
(a)
What is the gross profit margin (ratio of gross profit to sales)? (Round your answer to the nearest whole percentage. Omit the "%" sign in your response.)
Gross profit margin
(b)
If the average firm in the clothing industry had a gross profit of 35 percent, how is the firm doing?
The firm is .
3.Problem 2-4 Operating profit [LO1]
A-Rod Fishing Supplies had sales of $2,160,000 and cost of goods sold of $1,550,000. Selling and administrative expenses represented 10 percent of sales. Depreciation was 6 percent of the total assets of $4,450,000.
What was the firm’s operating profit? (Omit the "$" sign in your response.)
Operating profit
4.Problem 2-6 Income statement [LO1]
Given the following information, prepare an income statement for the Dental Drilling Company. (Input all amounts as positive values. Omit the "$" sign in your response.)
Selling and administrative expense
$
72,000
Depreciation expense
71,000
Sales
536,000
Interest expense
45,000
Cost of goods sold
179,000
Taxes
53,000
5.Problem 2-7 Income statement [LO1]
Given the following information, prepare an income statement for Jonas Brothers Cough Drops. (Input all amounts as positive values. Omit the "$" sign in your response.)
Selling and administrative expense
$
326,000
Depreciation expense
196,000
Sales
1,600,000
Interest expense
124,000
Cost of goods sold
551,000
Taxes
167,000
6.Problem 2-11 Depreciation and earnings [LO1]
Stein Books, Inc., sold 2,300 finance textbooks for $200 each to High Tuition University in 2010. These books cost $170 to produce. Stein Books spent $12,300 (selling expense) to convince the university to buy its books.
Depreciation expense for the year was $15,500. In addition, Stein Books borrowed $102,000 on January 1, 2010, on which the company paid 17 percent interest. Both the interest and principal of the loan were paid on December 31, 2010. The publishing firm’s tax rate is 30 percent.
Prepare an income statement for Stein Books. (Input all amounts as positive values.Omit the "$" sign in your response.)
7.Problem 2-15 ...
Financial Statement Analysis provides information that indicates h.docx
Financial Statement Analysis provides information that indicates how a company is performing. By comparing financial statements of different years, a manager can make informed decisions about investments, expenditures, and activities that impact revenues.
Directions
: Read the chapter in the text titled “Financial Statement Analysis.” Using the comparative financial statements for Baby Cakes International Inc. (see “BabyCakes_Financial_Project_Data.xls” linked in the lesson activities) , complete the following tasks.
Note
:
The market price of BabyCakes Int’l, Inc. common stock was $20 on December 31, 2008.
Part A:
Complete the 19 ratios listed below.
Determine the following measures for
2008:
1.
Working Capital
2.
Current ratio
3.
Quick ratio
4.
Accounts receivable turnover
5.
Number of days’ sales in receivables
6.
Inventory turnover
7.
Number of days’ sales in inventory
8.
Ratio of fixed assets to long-term liabilities
9.
Ratio of liabilities to stockholders’ equity
10.
Number of times interest charges earned
11.
Number of times preferred dividends earned
12.
Ratio of net sales to assets
13.
Rate earned on total assets
14.
Rate earned on stockholders’ equity
15.
Rate earned on common stockholder’s equity
16.
Earnings per share on common stock
17.
Price-earnings ratio
18.
Dividends per share of common stock
19.
Dividend yield
Part B:
Explain what the results of each ratio indicate about the company.
Part C:
Complete a
horizontal
analysis
for the Income Statement, and explain your findings.
Part D:
Complete a
vertical analysis
for the Income Statement, and explain your findings.
.
Busi 530 week 2 homework 2 solutions new
busi 530 week 2 homework 2 solutions,busi 530,busi 530,busi 530 week 2 tutorial,busi 530 week 2 assignment,busi 530 week 2 help
Busi 530 week 2 homework 2 solutions new
busi 530 week 2 homework 2 solutions,busi 530,busi 530,busi 530 week 2 tutorial,busi 530 week 2 assignment,busi 530 week 2 help
SeC 10-K PresentationA CompanyFY 20111AGENDAWo.docx
SeC 10-K Presentation
A Company
FY 2011
1
AGENDA
Working Capital
Profitability
Account Receivable Turnover Ration
Compensation Packages
Assets
Stock Performance
WORKING CAPITAL &
CURRENT RATIO
263% Increase in working capital from 2009 to 2011
18% Current ratio increase from 2009 to 2011
3
Working Capital by year:
2011- (768.82-548.69) = 220.13
2010-(595.59-470.82)=124.77
2009-(513.50-429.97) = 83.53
Current Ratio
2011 (768.82/548.69)= 1.40:1
2010 (595.59-470.82) =1.27:1
2009 (513.50/429.97) = 1.19:1
Profitability
(8.06%) Decrease in profitability in 2009
47% Increase from 2009 as a result of improved net income in 2010 (to $299.21)
37% Increase from 2010 as a result of continued net income growth in 2011 (to $412.58)
Profitability by year
2011: (412.58 - 299.21) / 299.21 = 37%
2010: (299.21 - 203.35) / 203.35 = 47%
2009: (203.35 - 221.19 )/ 221.19 = (8.06%)
Increase of 545.56 in 2011 operating expense(2,892.27) may have attributed to decrease in profitability despite increase in net income from 2010 operating expense(2,346.71)
4
Account Receivables & Asset Turnover Ratio
Decrease in average collection period by 2.2 days from 2009 to 2011
High account receivable turnover reflects ability to collect on accounts quickly
Asset Turnover Ratio of 2.58 in 2011
increase from 2.05 in 2009.
Account Receivables Turnover Ratio
Revenue / (( Avg Net Acct Receivable/2)) = Acct Receivable Turnover
2011: 3,454.54 / (( 89.66 + 85.61)) /2 = 39.42
2010: 2,734.23 / ((85.61 + 76.96)) /2 = 33.09
2009: 2,324.58 / ((76.96 + 70.00)) /2 = 31.64
Average Collection Period9 In Days)
: 365/39.42 = 9.26 days
2010: 365/33.09= 11.03 days
2009: 365/31.64= 11.53 days
Asset Turnover Ratio
Revenue / ((Total Asset Current Year + Total Assets Previous Year) / 2 =
2011: 3, 454.54 / ((1,446.21 + 1,232.22)) /2 = 2.58
2010: 2, 734.23 / ((1,232,22 + 1,146.05)) /2 = 2.29
2009: 2,324.58 / ((1146.05 + 1,121.32)) /2 =2.05
5
CEO Base Salary/Compensation V/S Net Income
CEO Base Salary/Compensation Package V/E
CEO Compensation equaled 2.8 % of Net income in 2009
CEO Compensation equaled 3.10 % of Net income in 2010
CEO Compensation equaled 5.8% of Net income 2011
95% of Compensation linked to Stock price, top line performance and financial performance in 2011
6
HERBALIFE LTD
2011 Base Salary Total Compensation Net Income 1.23 24 412.58 2010 Base Salary Tot al Compensation Net Income 1.2290000000000001 8.5 299.12 2009 Base Salary Total Compensation Net Income 1.2 6.3 203.35
MILIONS
Bernard Hadley-Beauregard, or Bernie for short, knows that for most products branding is critical for
sales success. Bernie recently quit his job with a popular Vancouver marketing company to launch his
own image and branding consulting venture. A branding expert, he has just taken on the most challeng-
ing project of his career—to turn the.
500 wordsDetailsReminder Initial Discussion Board posts due by.docx
500 words
Details:
Reminder: Initial Discussion Board posts due by Wednesday, responses due by Sunday
Students will be expected to post their first initial discussion board posting by Wednesday of each week. Discussion posts will be graded and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.
Students are expected to post their responses to peers by Sunday. NOTE: All submission posting times are based on midnight Central Time.
Primary Task Response
: Have you ever attended a play or musical? Do you frequently watch television programs or movies? Nowadays, drama is more popular in American culture than ever before. Yet what some forget is that it is a literary art form crafted by playwrights, TV and comedy writers, and Hollywood screenwriters. Drama shares many of the same elements as fiction and poetry; however, this literary genre is designed to be acted out on a stage or “dramatized” in front of screen audiences.
After you read the assigned essays in the textbook (and possibly the optional Seinfeld episode, “The Pitch”), please discuss the following questions:
Why, in your opinion, are dramas known as “plays?”
Talk about a time in which you attended a play, musical or opera—at a school, church or other public venue. Describe the experience: the sights and sounds, the mood of the audience, and the impact of seeing a drama performed on a live stage.
Have you ever acted and/or sung in a dramatic presentation? If so, depict for your classmates what it was like to be up on a stage performing material from a script. If you have never performed dramatic material, have you ever desired to? Why or why not?
Describe a favorite television show or movie in terms of its main characters, setting(s), basic plot, conflicts and themes. What makes it one of your favorites?
.
500-700 wordsThe city in which you live provides its budget in.docx
500-700 words
The city in which you live provides its budget information in monthly budgetary control reports with each month representing 1/12th of the overall budget. You overhear several managers discussing the budget at a community meeting. You were surprised to hear that half of the managers liked this process and that the other half felt that it did not adequately match their expenses.
Discuss the issues regarding the preparation of the budgets and why half of the departments liked the process and why the other half did not like the process. Complete the following:
Give examples of 1 department on each side of this controversy.
Can the budgeting process be made more reflective of the work actually being completed?
Explain your answer.
.
More Related Content
Similar to 42. For fiscal year 2011, Starbucks Corporation (SBUX) had total r.docx
Table 3.2Dana Dairy Products Key RatiosIncome StatementD.docx
Table 3.2
Dana Dairy Products Key Ratios
Income Statement
Dana Dairy Products
For the Year Ended December 31, 2010
Balance Sheet
Dana Dairy Products
December 31, 2010
The inventory management at Dana Dairy Products ________ since 2009. (See Table 3.2)
Answer
has deteriorated
remained the same
has improved slightly
cannot be determined
Question 2
Table 3.2
Dana Dairy Products Key Ratios
Income Statement
Dana Dairy Products
For the Year Ended December 31, 2010
Balance Sheet
Dana Dairy Products
December 31, 2010
If Dana Dairy Products has credit terms which specify that accounts receivable should be paid in 25 days, the average collection period ________ since 2009. (See Table 3.2)
Answer
has deteriorated
remained the same
has improved
cannot be determined
Question 3
Table 3.2
Dana Dairy Products Key Ratios
Income Statement
Dana Dairy Products
For the Year Ended December 31, 2010
Balance Sheet
Dana Dairy Products
December 31, 2010
The return on equity for Dana Dairy Products for 2010 was ________. (See Table 3.2)
Answer
0.6 percent
5.6 percent
0.9 percent
50 percent
Q4
Table 3.2
Dana Dairy Products Key Ratios
Income Statement
Dana Dairy Products
For the Year Ended December 31, 2010
Balance Sheet
Dana Dairy Products
December 31, 2010
The current ratio for Dana Dairy Products in 2010 was ________. (See Table 3.2)
Answer
1.58
0.63
1.10
0.91
Q5
Table 3.2
Dana Dairy Products Key Ratios
Income Statement
Dana Dairy Products
For the Year Ended December 31, 2010
Balance Sheet
Dana Dairy Products
December 31, 2010
Since 2009, the liquidity of Dana Dairy Products ________. (See Table 3.2)
Answer
has deteriorated
remained the same
has improved
cannot be determined
Q6
Table 3.2
Dana Dairy Products Key Ratios
Income Statement
Dana Dairy Products
For the Year Ended December 31, 2010
Balance Sheet
Dana Dairy Products
December 31, 2010
Using the modified DuPont formula allows the analyst to break Dana Dairy Products return on equity into 3 components: the net profit margin, the total asset turnover, and a measure of leverage (the financial leverage multiplier). Which of the following mathematical expressions represents the modified DuPont formula relative to Dana Dairy Products' 2010 performance? (See Table 3.2)
Answer
5.6(ROE) = 2.5(ROA) x 2.24(Financial leverage multiplier)
5.6(ROE) = 3.3(ROA) x 1.70(Financial leverage multiplier)
4.0(ROE) = 2.0(ROA) x 2.00(Financial leverage multiplier)
2.5(ROE) = 5.6(ROA) x 0.44(Financial leverage multiplier)
Question 7
You are given the following information: Stockholders' equity = $1,250; price/earnings ratio = 5; shares outstanding = 25; and market/book ratio = 1.5. Calculate the market price of a share of the company's stock.
$ 33.33
b. $ 75.00
c. $ 10.00
d. $166.67
e. $133.32
Question 8
Calculate net operating profit after taxes (NOPAT) if a firm has sales of $1,000,000, operating profit (EBIT) of $100,000, interest expense of $50,000, an ...
PROBLEM 8-18a. Fill in the worksheet with the appropriate value.docx
PROBLEM 8-18:
a. Fill in the worksheet with the appropriate values, provide footnotes with calculations as appropriate;
Davis Corporation
Accounting Equation
Event
Assets
=
Liabilities
Stockholders’ Equity
Cash
=
Div. . Pay .
+
Pfd.
Stk.
+
Com. Stk.
+
PIC in Exc. PS
+
PIC in Exc.
CS
Trea-sury Stock
+
Ret. Earn.
Acct. Title R/E
2012
1/2
1/15
2/14
12/31
12/31
12/31*
Bal.
=
+
+
+
+
+
2013
1/31
3/1
6/1
12/31
12/31
12/31**
Bal.
=
+
+
+
+
+
Footnotes: * :
Footnotes: **:
b. Fill in the worksheet with the appropriate values;
Stockholders’ Equity
Preferred Stock, $50 par value, 5% cumulative, 50,000 shares authorized, 1,000 shares issued and outstanding
Common Stock, $10 par value, 100,000 shares authorized, 20,000 shares issued and outstanding
Paid-In Capital in Excess of ParPreferred Stock
Paid-In Capital in Excess of ParCommon Stock
Total Paid-In Capital
Retained Earnings
Total Stockholders’ Equity
c. Fill in the worksheet with the appropriate values;
Davis Corporation
Balance Sheet
As of December 31, 2013
Assets
Cash
Total Assets
Liabilities
Dividends Payable
Total Liabilities
Stockholders’ Equity
Preferred Stock, $50 par value, 5% cumulative, 50,000 shares authorized, 3,000 shares issued and outstanding
Common Stock, $10 par value, 100,000 shares authorized, 20,000 shares issued, 19,500 shares outstanding
Paid-In Capital in Excess of ParPreferred Stock
Paid-In Capital in Excess of ParCommon Stock
Total Paid-In Capital
Retained Earnings2
Less: Treasury Stock
Total Stockholders’ Equity
Total Liabilities and Stockholders’ Equity
PROBLEM 8-23:
This problem requires a brief memo, the completed schedules below and discussions;
Advantages
Disadvantages
Partnership
Ease of formation
Less regulation
Lower effective tax rate
Limited life
Mutual agency
Unlimited liability
Corporation
Unlimited life
Limited liability
Capital easier to acquire & ownership easily transferred
More regulation
Higher effective tax rate
Partnership
Corporation
Income before taxes
Tax at entity level (30%)
Net income distributed to owners
Less: Individual income tax (30%/15%)
After-tax cash flow
After-tax cash flow available to each investor*
Effective tax rate*
* show calculations
PROBLEM 7-26:
a. Fill in the worksheet with the appropriate values, provide footnotes with calculations as appropriate;
Artesia Co.
Effect of Events on the General Ledger
2012 and 2013
Asset.
PAPA GEO’S RESTAURANT14Papa Geo’s RestaurantBudget Proposal.docx
PAPA GEO’S RESTAURANT14
Papa Geo’s Restaurant
Budget Proposal
for
[2020-2024]
Table of Contents
Section
Title
Subsection
Title
Page Number1.0Executive Summary
42.0Sales Forecast
4
2.1Sales Forecast
2.2Methods and Assumptions
3.0Capital Expenditure Budget
44.0Investment Analysis
5
4.1Cash Flows
5
4.2NPV Analysis
5
4.3Rate of Return Calculations
6
4.4Payback Period Calculations
65.0Pro Forma Financial Statements
7
5.1Pro Forma Income Statement
7
5.2Pro Forma Balance Sheet
7
5.3Pro Forma Cash Budget
86.0Works Cited
87.0Appendices
8
7.1Appendix 1: [description]
7.2Appendix 2:
[description]
1.0 Executive Summary
Papa Geo’s Restaurant needs to be competitive and unveil marketing crusades to protect their returns in the business. However, it is guided by typical objectives in the marketing plan. The first objective of the restaurant is ensuring customer satisfaction and loyalty. The target market entails about 10,000 families which is a totality of lower to middle class clients with zero direct competition. However, the customers’ satisfaction is determined the customer’s loyalty to the restaurant especially due to the services that they receive. The restaurant wins the customers through the good Italian food of low price. Stunning cleanliness of the restaurant is welcoming and eye catching which applies to both the foods served and the environment. Generation of the restraint traffic will impact the Restaurant towards success. The restaurant will cultivate a customer base such as having demanding lunchtimes and dinner services through intensive marketing. It will achieve this through weekly and monthly promotions as the marketing strategies.
The restaurant needs to attain their financial goals. The objective is to meet the financial income goal of $40000 annually. At the starting of the second year the company expects to attain a minimum of 2% profits of the sales. The main objective of the restaurant is profitability. It is attainable with the managerial ability to achieve the weekly goals especially through cost reduction with profitability growth concurrently.The restaurant needs to develop a restaurant brand. As the restaurant grows successfully, it will improve it’s place in the local market and toughen the brand. The quality of the food served has a great influence on the restaurant branding. The company purposes to cook using healthy products and use the brand to win new customers (Myers, 2019).
2.0 Sales Forecast
The sales forecast table illustrates the restaurants ability to offer services to the clients through listing the total services sold and the net sales in every year.2.1 Sales Forecast
Year 1
Year 2
Year 3
Year 4
Year 5
Sales
$1,074,150
$2,157,700
$2,390,100
$2,625,920
$2,880,040
The sales are expected to rise each year as the restaurant continues to gain a higher customer base each year through marketing.2.2 Methods and Assumptions
The sales forecast figures were .
PAPA GEO’S RESTAURANT14Papa Geo’s RestaurantBudget Proposal.docx
PAPA GEO’S RESTAURANT14
Papa Geo’s Restaurant
Budget Proposal
for
[2020-2024]
Table of Contents
Section
Title
Subsection
Title
Page Number1.0Executive Summary
42.0Sales Forecast
4
2.1Sales Forecast
2.2Methods and Assumptions
3.0Capital Expenditure Budget
44.0Investment Analysis
5
4.1Cash Flows
5
4.2NPV Analysis
5
4.3Rate of Return Calculations
6
4.4Payback Period Calculations
65.0Pro Forma Financial Statements
7
5.1Pro Forma Income Statement
7
5.2Pro Forma Balance Sheet
7
5.3Pro Forma Cash Budget
86.0Works Cited
87.0Appendices
8
7.1Appendix 1: [description]
7.2Appendix 2:
[description]
1.0 Executive Summary
Papa Geo’s Restaurant needs to be competitive and unveil marketing crusades to protect their returns in the business. However, it is guided by typical objectives in the marketing plan. The first objective of the restaurant is ensuring customer satisfaction and loyalty. The target market entails about 10,000 families which is a totality of lower to middle class clients with zero direct competition. However, the customers’ satisfaction is determined the customer’s loyalty to the restaurant especially due to the services that they receive. The restaurant wins the customers through the good Italian food of low price. Stunning cleanliness of the restaurant is welcoming and eye catching which applies to both the foods served and the environment. Generation of the restraint traffic will impact the Restaurant towards success. The restaurant will cultivate a customer base such as having demanding lunchtimes and dinner services through intensive marketing. It will achieve this through weekly and monthly promotions as the marketing strategies.
The restaurant needs to attain their financial goals. The objective is to meet the financial income goal of $40000 annually. At the starting of the second year the company expects to attain a minimum of 2% profits of the sales. The main objective of the restaurant is profitability. It is attainable with the managerial ability to achieve the weekly goals especially through cost reduction with profitability growth concurrently.The restaurant needs to develop a restaurant brand. As the restaurant grows successfully, it will improve it’s place in the local market and toughen the brand. The quality of the food served has a great influence on the restaurant branding. The company purposes to cook using healthy products and use the brand to win new customers (Myers, 2019).
2.0 Sales Forecast
The sales forecast table illustrates the restaurants ability to offer services to the clients through listing the total services sold and the net sales in every year.2.1 Sales Forecast
Year 1
Year 2
Year 3
Year 4
Year 5
Sales
$1,074,150
$2,157,700
$2,390,100
$2,625,920
$2,880,040
The sales are expected to rise each year as the restaurant continues to gain a higher customer base each year through marketing.2.2 Methods and Assumptions
The sales forecast figures were .
PAPA GEO’S RESTAURANT13Papa Geo’s RestaurantBudget Proposal.docx
PAPA GEO’S RESTAURANT13
Papa Geo’s Restaurant
Budget Proposal
for
[2020-2024]
Table of Contents
Section
Title
Subsection
Title
Page Number1.0Executive Summary
42.0Sales Forecast
4
2.1Sales Forecast
2.2Methods and Assumptions
3.0Capital Expenditure Budget
44.0Investment Analysis
5
4.1Cash Flows
5
4.2NPV Analysis
5
4.3Rate of Return Calculations
6
4.4Payback Period Calculations
65.0Pro Forma Financial Statements
7
5.1Pro Forma Income Statement
7
5.2Pro Forma Balance Sheet
7
5.3Pro Forma Cash Budget
86.0Works Cited
87.0Appendices
8
7.1Appendix 1: [description]
7.2Appendix 2:
[description]
1.0 Executive Summary
Papa Geo’s Restaurant needs to be competitive and unveil marketing crusades to protect their returns in the business. However, it is guided by typical objectives in the marketing plan. The first objective of the restaurant is ensuring customer satisfaction and loyalty. The target market entails about 10,000 families which is a totality of lower to middle class clients with zero direct competition. However, the customers’ satisfaction is determined the customer’s loyalty to the restaurant especially due to the services that they receive. The restaurant wins the customers through the good Italian food of low price. Stunning cleanliness of the restaurant is welcoming and eye catching which applies to both the foods served and the environment. Generation of the restraint traffic will impact the Restaurant towards success. The restaurant will cultivate a customer base such as having demanding lunchtimes and dinner services through intensive marketing. It will achieve this through weekly and monthly promotions as the marketing strategies.
The restaurant needs to attain their financial goals. The objective is to meet the financial income goal of $40000 annually. At the starting of the second year the company expects to attain a minimum of 2% profits of the sales. The main objective of the restaurant is profitability. It is attainable with the managerial ability to achieve the weekly goals especially through cost reduction with profitability growth concurrently.The restaurant needs to develop a restaurant brand. As the restaurant grows successfully, it will improve it’s place in the local market and toughen the brand. The quality of the food served has a great influence on the restaurant branding. The company purposes to cook using healthy products and use the brand to win new customers (Myers, 2019).
2.0 Sales Forecast
The sales forecast table illustrates the restaurants ability to offer services to the clients through listing the total services sold and the net sales in every year.2.1 Sales Forecast
Year 1
Year 2
Year 3
Year 4
Year 5
Sales
$1,074,150
$2,157,700
$2,390,100
$2,625,920
$2,880,040
The sales are expected to rise each year as the restaurant continues to gain a higher customer base each year through marketing.2.2 Methods and Assumptions
The sales forecast figures were .
Chapter 2Problems Set BP2-1B Suppose the following items are .docx
Chapter 2
Problems: Set B
P2-1B Suppose the following items are taken from the 2014 balance sheet of Starbucks Corporation. (All dollars are in millions.)
Goodwill
$ 477
Common stock
40
Equipment
3,036
Accounts payable
391
Stock investments (long-term)
280
Accounts receivable
288
Prepaid rent
278
Debt investments (current)
157
Retained earnings
2,244
Cash
281
Notes payable (noncurrent)
550
Notes payable (current)
1,468
Unearned sales revenue (current)
297
Bonds payable
354
Inventory
692
Accumulated depreciation—equipment
145
Instructions
Prepare a classified balance sheet for Starbucks Corporation as of September 30, 2014.
P2-2B These items are taken from the financial statements of Mueller, Inc.
Prepaid insurance
$ 2,400
Equipment
30,000
Salaries and wages expense
34,000
Utilities expense
2,100
Accumulated depreciation—equipment
7,600
Accounts payable
7,200
Cash
6,100
Accounts receivable
2,900
Salaries and wages payable
3,000
Common stock
6,000
Depreciation expense
4,300
Retained earnings (beginning)
14,000
Dividends
2,600
Service revenue
51,000
Maintenance and repairs expense
2,600
Insurance expense
1,800
Instructions
Prepare an income statement, a retained earnings statement, and a classified balance sheet as of December 31, 2014.
P2-3B You are provided with the following information for Vern Corporation, effective as of its April 30, 2014, year-end.
Accounts payable
$ 3,100
Accounts receivable
10,150
Accumulated depreciation—equipment
6,600
Depreciation expense
3,200
Cash
20,955
Common stock
20,000
Dividends
2,800
Equipment
24,250
Sales revenue
20,450
Income tax expense
700
Income taxes payable
300
Interest expense
350
Interest payable
175
Notes payable (due in 2018)
4,700
Prepaid rent
380
Rent expense
660
Retained earnings, beginning
13,960
Salaries and wages expense
5,840
Instructions
(a)
Prepare an income statement and a retained earnings statement for Vern Corporation for the year ended April 30, 2014.
(b)
Prepare a classified balance sheet for Vern as of April 30, 2014.
P2-4B Comparative statement data for Omaz Company and Wise Company, two competitors, are presented below. All balance sheet data are as of December 31, 2014.
Omaz Company
Wise Company
2014
2014
Net sales
$450,000
$900,000
Cost of goods sold
225,000
450,000
Operating expenses
130,000
150,000
Interest expense
6,000
10,000
Income tax expense
15,000
75,000
Current assets
180,000
700,000
Plant assets (net)
600,000
800,000
Current liabilities
75,000
230,000
Long-term liabilities
190,000
200,000
Net cash provided by operating activities
46,000
180,000
Capital expenditures
20,000
50,000
Dividends paid
-0-
5,000
Average number of shares outstanding
200,000
500,000
Instructions
(a)
Compute the net income and earnings per share for each company for 2014.
(b)
Comment on the relative liquidity of the companies by computing working capital and the current ratio for each company for 2014.
(c)
Comment on the relative solvency of the.
NAME_____________________________________________________________.docx
NAME_____________________________________________________________
Financial Statement Analysis
Exam 1
1. The 2011 financial statements for Leggett & Platt, Inc. report the following information:
Year ended December 31,
2011
2010
(In millions)
Depreciation and amortization expense
$ 98.1
$ 103.0
Property and equipment, net
580.6
624.2
Land
45.2
48.5
Accumulated depreciation and amortization
1,193.2
1.173.9
a. By what percentage are the assets ‘used up’ at the year-end 2011? What implication does this ratio have for future cash flows at Leggett & Platt?
b. Estimate the useful life on average for the Leggett & Platt depreciable assets.
2. Leggett & Platt, Inc. reported net sales of $3,636.0 million in 2011 and $3,359.1 million in 2010. The asset side of the balance sheet follows, below. Use this information to answer the required.
LEGGETT & PLATT, INCORPORATED
Consolidated Balance Sheets
December 31
2011
2010
(in millions)
Cash and cash equivalents
$ 236.3
$ 244.5
Accounts and other receivables, net of allowance of $24.3 and $22.1
503.6
478.9
Finished goods
261.3
241.1
Work in process
41.5
47.7
Raw materials and supplies
223.9
218.2
LIFO reserve
(85.7)
(71.7)
Total inventories, net
441.0
435.3
Other current assets
43.1
60.4
Total current assets
1,224.0
1,219.1
Machinery and equipment
1,120.1
1,136.6
Buildings and other
608.5
613.0
Land
45.2
48.5
Total property, plant and equipment
1,773.8
1,798.1
Less accumulated depreciation
1,193.2
1,173.9
Net property, plant and equipment
580.6
624.2
Goodwill
926.6
930.3
Other intangibles, less accumulated amortization of $76.9 and $65.9 at December 31, 2008 and 2007, respectively
116.6
152.3
Sundry
67.3
75.1
TOTAL ASSETS
$2,915.1
$3,001.0
Required:
a. What is the company’s gross amount of receivables at the end of 2011 and 2010?
b. Compute the common-sized gross accounts receivable, for both years. Interpret the year-over-year change in this ratio.
c. Compute the allowance for doubtful accounts to gross accounts receivable, for both years. Interpret the year-over-year change in this ratio.
d. Based on the ratios you calculated, form an opinion about the quality of the company’s accounts receivable.
3. Use the following selected balance sheet and income statement data for Mattel Inc. (in $ thousands) to compute:
a. return on equity
b. profit margin (PM)
c. asset turnover (AT)
d. financial leverage (FL) for fiscal 2011. Show that ROE = PM × AT × FL.
(in thousands)
2011
2010
Net sales
$ 6,266,037
$ 5,856,195
Operating income
1,041,101
901,902
Interest expense
75,332
64,839
Net income
768,508
684,863
Total assets
5,671,638
5,417,733
Total liabilities
3,061,035
2,789,149
4. Income statements and balance sheets follow for Snap-On Incorporated. Refer to these financial statements to answer the requirements.
Snap-On Incorporated
Cons.
Week 1 Problem SetAnswer the following questions and solve.docx
Week 1 Problem Set
Answer the following questions and solve the following problems in the space provided. When you are done, save the file in the format flastname_Week_1_Problem_Set.docx, where flastname is your first initial and you last name, and submit it to the appropriate dropbox.
Chapter 1 (page 19)
1.
What is the most important difference between a corporation and all other organizational forms?
2.
What does the phrase limited liability mean in a corporate context?
3.
Which organizational forms give their owners limited liability?
4.
What are the main advantages and disadvantages of organizing a firm as a corporation?
5.
Explain the difference between an S corporation and a C corporation.
Chapter 2
The following is provided for use in answering the next set of questions. You may also find table 2.5 on page 53 of your text and all questions on pages 56–57.
TABLE 2.5 2009–2013 Financial Statement Data and Stock Price Data for Mydeco Corp.
Mydeco Corp. 2009–2013
(All data as of fiscal year end; in $ million)
Income Statement
2009
2010
2011
2012
2013
Revenue
Cost of Goods Sold
404.3
(188.3)
363.8
(173.8)
424.6
(206.2)
510.7
(246.8)
604.1
(293.4)
Gross Profit
Sales and Marketing
Administration
Depreciation and Amortization
216.0
(66.7)
(60.6)
(27.3)
190.0
(66.4)
(59.1)
(27.0)
218.4
(82.8)
(59.4)
(34.3)
263.9
(102.1)
(66.4)
(38.4)
310.7
(120.8)
(78.5)
(38.6)
EBIT
Interest Income (Expense)
61.4
(33.7)
37.5
(32.9)
41.9
(32.2)
57.0
(37.4)
72.8
(39.4)
Pretax Income
Income Tax
27.7
(9.7)
4.6
(1.6)
9.7
(3.4)
19.6
(6.9)
33.4
(11.7)
Net Income
Shares outstanding (millions)
Earnings per share
18.0
55.0
$0.33
3.0
55.0
$0.05
6.3
55.0
$0.11
12.7
55.0
$0.23
21.7
55.0
$0.39
Balance Sheet
2009
2010
2011
2012
2013
Assets
Cash
Accounts Receivable
Inventory
48.8
88.6
33.7
68.9
69.8
30.9
86.3
69.8
28.4
77.5
76.9
31.7
85.0
86.1
35.3
Total Current Assets
Net Property, Plant, and Equip.
Goodwill and Intangibles
171.1
245.3
361.7
169.6
169.6
243.3
184.5
309
361.7
186.1
345.6
361.7
206.4
347.0
361.7
Total Assets
Liabilities and Stockholders’ Equity
Accounts Payable
Accrued Compensation
778.1
18.7
6.7
774.6
17.9
6.4
855.2
22.0
7.0
893.4
26.8
8.1
915.1
31.7
9.7
Total Current Liabilities
Long-term Debt
25.4
500.0
24.3
500.0
29.0
575.0
34.9
600.0
41.4
600.0
Total Liabilities
Stockholders’ Equity
525.4
252.7
524.3
250.3
604.0
251.2
634.9
258.5
641.4
273.7
Total Liabilities and Stockholders’ Equity
778.1
774.6
855.2
893.4
915.1
Statement of Cash Flows
2009
2010
2011
2012
2013
Net Income
Depreciation and Amortization
Chg. in Accounts Receivable
Chg. in Inventory
Chg. in Payables and Accrued Comp.
18.0
27.3
3.9
(2.9)
2.2
3.0
27.0
18.8
2.8
(1.1)
6.3
34.3
(0.0)
2.5
4.7
12.7
38.4
(7.1)
(3.3)
5.9
21.7
38.6
(9.2)
(3.6)
6.5
Cash from Operations
Capital Expenditures
48.5
(25.0)
50.5
(25.0)
47.8
(100.0)
46.6
(75.0)
54.0
(40.0)
Cash from Investing Activities
Dividends Paid
Sale (or purchase) of stock
Debt Issuance (Pay Down)
(25.0)
(5.4)
—
—
(2.
Chapter 1KEY TERMS Define each of the following termsa. Sar.docx
Chapter 1
KEY TERMS Define each of the following terms:
a. Sarbanes-Oxley Act
b. Proprietorship; partnership; corporation
c. S corporations; limited liability companies (LLCs); limited liability partnerships (LLPs)
d. Stockholder wealth maximization
e. Intrinsic value; market price
f. Equilibrium; marginal investor
Questıons
1- If you bought a share of stock, what would you expect to receive, when would you expect
to receive it, and would you be certain that your expectations would be met?
2- If most investors expect the same cash flows from Companies A and B but are more confident
that A’s cash flows will be closer to their expected value, which company should
have the higher stock price? Explain.
3- What is a firm’s intrinsic value? its current stock price? Is the stock’s “true long-run value”
more closely related to its intrinsic value or to its current price?
4- When is a stock said to be in equilibrium? At any given time, would you guess that most
stocks are in equilibrium as you defined it? Explain.
Suppose three honest individuals gave you their estimates of Stock X’s intrinsic value.
5- One person is your current roommate, the second person is a professional security analyst
with an excellent reputation on Wall Street, and the third person is Company X’s CFO. If
the three estimates differed, in which one would you have the most confidence? Why?
Chapter 2
KEY TERMS Define each of the following terms:
a. Spot markets; futures markets
b. Money markets; capital markets
c. Primary markets; secondary markets
d. Private markets; public markets
e. Derivatives
Questıons
1- How does a cost-efficient capital market help reduce the prices of goods and services?
2- Describe the different ways in which capital can be transferred from suppliers of capital to
those who are demanding capital.
3- Is an initial public offering an example of a primary or a secondary market transaction?
Explain.
4- Indicate whether the following instruments are examples of money market or capital market
securities.
a. U.S. Treasury bills
b. Long-term corporate bonds
c. Common stocks
5- What would happen to the U.S. standard of living if people lost faith in the safety of the
financial institutions? Explain
Chapter 3
KEY TERMS Define each of the following terms:
a. Annual report; balance sheet; income statement; statement of cash flows; statement of
stockholders’ equity
b. Stockholders’ equity; retained earnings; working capital; net working capital
c. Depreciation; amortization; operating income; EBITDA; free cash flow
d. Progressive tax; marginal tax rate; average tax rate
e. Tax loss carry-back; carry-forward; AMT
f. Capital gain (loss)
g. S corporation
Questıons
1- What four financial statements are contained in most annual reports?
2- Who are some of the basic users of financial statements, and how do they use them?
3- If a “typical” firm reports $20 million of retained earnings on its balance sheet, could its
directors declare a $20 million cash dividend wi ...
Computer ProjectAlternative Investment Methods, Goodwill Impairm.docx
Computer Project
Alternative Investment Methods, Goodwill Impairment, and Consolidated Financial Statements
In this project, you are to provide an analysis of alternative accounting methods for controlling interest investments and subsequent effects on consolidated reporting. The project requires the use of a computer and a spreadsheet software package (e.g., Microsoft Excel, etc.). The use of these tools allows you to assess the sensitivity of alternative accounting methods on consolidated financial reporting without preparing several similar worksheets by hand. Also, by modeling a worksheet process, you can develop a better understanding of accounting for combined reporting entities.
Page 142
Consolidated Worksheet Preparation
You will be creating and entering formulas to complete four worksheets. The first objective is to demonstrate the effect of different methods of accounting for the investments (equity, initial value, and partial equity) on the parent company's trial balance and on the consolidated worksheet subsequent to acquisition. The second objective is to show the effect on consolidated balances and key financial ratios of recognizing a goodwill impairment loss.
The project requires preparation of the following four separate worksheets:
1. Consolidated information worksheet (follows).
2. Equity method consolidation worksheet.
3. Initial value method consolidation worksheet.
4. Partial equity method consolidation worksheet.
If your spreadsheet package has multiple worksheet capabilities (e.g., Excel), you can use separate worksheets; otherwise, each of the four worksheets can reside in a separate area of a single spreadsheet.
In formulating your solution, each worksheet should link directly to the first worksheet. Also, feel free to create supplemental schedules to enhance the capabilities of your worksheet.
Project Scenario
Pecos Company acquired 100 percent of Suaro's outstanding stock for $1,450,000 cash on January 1, 2012, when Suaro had the following balance sheet:
Assets
Liabilities and Equity
Cash
$ 37,000
Liabilities
$(422,000)
Receivables
82,000
Inventory
149,000
Common stock
(350,000)
Land
90,000
Retained earnings
(126,000)
Equipment (net)
225,000
Software
315,000
Total assets
$898,000
Total liabilities and equity
$(898,000)
At the acquisition date, the fair values of each identifiable asset and liability that differed from book value were as follows:
Land
$ 80,000
Brand name
60,000
(indefinite life—unrecognized on Suaro's books)
Software
415,000
(2-year estimated useful life)
In-process R&D
300,000
Additional Information
1. Although at acquisition date Pecos expected future benefits from Suaro's in-process research and development (R&D), by the end of 2012, it became clear that the research project was a failure with no future economic benefits.
1. During 2012, Suaro earns $75,000 and pays no dividends.
1. Selected amounts from Pecos and Suaro's separate financial statements at December 31, 2013, are presented i.
Busi 320 Dev Shell - 2012 Fall BFoundations of Financial Managem.docx
Busi 320 Dev Shell - 2012 Fall B
Foundations of Financial Management ( Block , 14th ed.)
assignment: Homework 1
1.Problem 2-1 Income statement [LO1]
Frantic Fast Foods had earnings after taxes of $1,200,000 in the year 2009 with 322,000 shares outstanding. On January 1, 2010, the firm issued 30,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 24 percent.
(a)
Compute earnings per share for the year 2009. (Round your answer to 2 decimal places. Omit the "$" sign in your response.)
Earnings per share
(b)
Compute earnings per share for the year 2010. (Round your answer to 2 decimal places. Omit the "$" sign in your response.)
Earnings per share
2.Problem 2-3 Gross profit [LO1]
Hillary Swank Clothiers had sales of $428,000 and cost of goods sold of $260,000.
(a)
What is the gross profit margin (ratio of gross profit to sales)? (Round your answer to the nearest whole percentage. Omit the "%" sign in your response.)
Gross profit margin
(b)
If the average firm in the clothing industry had a gross profit of 35 percent, how is the firm doing?
The firm is .
3.Problem 2-4 Operating profit [LO1]
A-Rod Fishing Supplies had sales of $2,160,000 and cost of goods sold of $1,550,000. Selling and administrative expenses represented 10 percent of sales. Depreciation was 6 percent of the total assets of $4,450,000.
What was the firm’s operating profit? (Omit the "$" sign in your response.)
Operating profit
4.Problem 2-6 Income statement [LO1]
Given the following information, prepare an income statement for the Dental Drilling Company. (Input all amounts as positive values. Omit the "$" sign in your response.)
Selling and administrative expense
$
72,000
Depreciation expense
71,000
Sales
536,000
Interest expense
45,000
Cost of goods sold
179,000
Taxes
53,000
5.Problem 2-7 Income statement [LO1]
Given the following information, prepare an income statement for Jonas Brothers Cough Drops. (Input all amounts as positive values. Omit the "$" sign in your response.)
Selling and administrative expense
$
326,000
Depreciation expense
196,000
Sales
1,600,000
Interest expense
124,000
Cost of goods sold
551,000
Taxes
167,000
6.Problem 2-11 Depreciation and earnings [LO1]
Stein Books, Inc., sold 2,300 finance textbooks for $200 each to High Tuition University in 2010. These books cost $170 to produce. Stein Books spent $12,300 (selling expense) to convince the university to buy its books.
Depreciation expense for the year was $15,500. In addition, Stein Books borrowed $102,000 on January 1, 2010, on which the company paid 17 percent interest. Both the interest and principal of the loan were paid on December 31, 2010. The publishing firm’s tax rate is 30 percent.
Prepare an income statement for Stein Books. (Input all amounts as positive values.Omit the "$" sign in your response.)
7.Problem 2-15 ...
Financial Statement Analysis provides information that indicates h.docx
Financial Statement Analysis provides information that indicates how a company is performing. By comparing financial statements of different years, a manager can make informed decisions about investments, expenditures, and activities that impact revenues.
Directions
: Read the chapter in the text titled “Financial Statement Analysis.” Using the comparative financial statements for Baby Cakes International Inc. (see “BabyCakes_Financial_Project_Data.xls” linked in the lesson activities) , complete the following tasks.
Note
:
The market price of BabyCakes Int’l, Inc. common stock was $20 on December 31, 2008.
Part A:
Complete the 19 ratios listed below.
Determine the following measures for
2008:
1.
Working Capital
2.
Current ratio
3.
Quick ratio
4.
Accounts receivable turnover
5.
Number of days’ sales in receivables
6.
Inventory turnover
7.
Number of days’ sales in inventory
8.
Ratio of fixed assets to long-term liabilities
9.
Ratio of liabilities to stockholders’ equity
10.
Number of times interest charges earned
11.
Number of times preferred dividends earned
12.
Ratio of net sales to assets
13.
Rate earned on total assets
14.
Rate earned on stockholders’ equity
15.
Rate earned on common stockholder’s equity
16.
Earnings per share on common stock
17.
Price-earnings ratio
18.
Dividends per share of common stock
19.
Dividend yield
Part B:
Explain what the results of each ratio indicate about the company.
Part C:
Complete a
horizontal
analysis
for the Income Statement, and explain your findings.
Part D:
Complete a
vertical analysis
for the Income Statement, and explain your findings.
.
Busi 530 week 2 homework 2 solutions new
busi 530 week 2 homework 2 solutions,busi 530,busi 530,busi 530 week 2 tutorial,busi 530 week 2 assignment,busi 530 week 2 help
Busi 530 week 2 homework 2 solutions new
busi 530 week 2 homework 2 solutions,busi 530,busi 530,busi 530 week 2 tutorial,busi 530 week 2 assignment,busi 530 week 2 help
SeC 10-K PresentationA CompanyFY 20111AGENDAWo.docx
SeC 10-K Presentation
A Company
FY 2011
1
AGENDA
Working Capital
Profitability
Account Receivable Turnover Ration
Compensation Packages
Assets
Stock Performance
WORKING CAPITAL &
CURRENT RATIO
263% Increase in working capital from 2009 to 2011
18% Current ratio increase from 2009 to 2011
3
Working Capital by year:
2011- (768.82-548.69) = 220.13
2010-(595.59-470.82)=124.77
2009-(513.50-429.97) = 83.53
Current Ratio
2011 (768.82/548.69)= 1.40:1
2010 (595.59-470.82) =1.27:1
2009 (513.50/429.97) = 1.19:1
Profitability
(8.06%) Decrease in profitability in 2009
47% Increase from 2009 as a result of improved net income in 2010 (to $299.21)
37% Increase from 2010 as a result of continued net income growth in 2011 (to $412.58)
Profitability by year
2011: (412.58 - 299.21) / 299.21 = 37%
2010: (299.21 - 203.35) / 203.35 = 47%
2009: (203.35 - 221.19 )/ 221.19 = (8.06%)
Increase of 545.56 in 2011 operating expense(2,892.27) may have attributed to decrease in profitability despite increase in net income from 2010 operating expense(2,346.71)
4
Account Receivables & Asset Turnover Ratio
Decrease in average collection period by 2.2 days from 2009 to 2011
High account receivable turnover reflects ability to collect on accounts quickly
Asset Turnover Ratio of 2.58 in 2011
increase from 2.05 in 2009.
Account Receivables Turnover Ratio
Revenue / (( Avg Net Acct Receivable/2)) = Acct Receivable Turnover
2011: 3,454.54 / (( 89.66 + 85.61)) /2 = 39.42
2010: 2,734.23 / ((85.61 + 76.96)) /2 = 33.09
2009: 2,324.58 / ((76.96 + 70.00)) /2 = 31.64
Average Collection Period9 In Days)
: 365/39.42 = 9.26 days
2010: 365/33.09= 11.03 days
2009: 365/31.64= 11.53 days
Asset Turnover Ratio
Revenue / ((Total Asset Current Year + Total Assets Previous Year) / 2 =
2011: 3, 454.54 / ((1,446.21 + 1,232.22)) /2 = 2.58
2010: 2, 734.23 / ((1,232,22 + 1,146.05)) /2 = 2.29
2009: 2,324.58 / ((1146.05 + 1,121.32)) /2 =2.05
5
CEO Base Salary/Compensation V/S Net Income
CEO Base Salary/Compensation Package V/E
CEO Compensation equaled 2.8 % of Net income in 2009
CEO Compensation equaled 3.10 % of Net income in 2010
CEO Compensation equaled 5.8% of Net income 2011
95% of Compensation linked to Stock price, top line performance and financial performance in 2011
6
HERBALIFE LTD
2011 Base Salary Total Compensation Net Income 1.23 24 412.58 2010 Base Salary Tot al Compensation Net Income 1.2290000000000001 8.5 299.12 2009 Base Salary Total Compensation Net Income 1.2 6.3 203.35
MILIONS
Bernard Hadley-Beauregard, or Bernie for short, knows that for most products branding is critical for
sales success. Bernie recently quit his job with a popular Vancouver marketing company to launch his
own image and branding consulting venture. A branding expert, he has just taken on the most challeng-
ing project of his career—to turn the.
Similar to 42. For fiscal year 2011, Starbucks Corporation (SBUX) had total r.docx (20)
Table 3.2Dana Dairy Products Key RatiosIncome StatementD.docx
Table 3.2Dana Dairy Products Key RatiosIncome StatementD.docx
PROBLEM 8-18a. Fill in the worksheet with the appropriate value.docx
PROBLEM 8-18a. Fill in the worksheet with the appropriate value.docx
PAPA GEO’S RESTAURANT14Papa Geo’s RestaurantBudget Proposal.docx
PAPA GEO’S RESTAURANT14Papa Geo’s RestaurantBudget Proposal.docx
PAPA GEO’S RESTAURANT14Papa Geo’s RestaurantBudget Proposal.docx
PAPA GEO’S RESTAURANT14Papa Geo’s RestaurantBudget Proposal.docx
PAPA GEO’S RESTAURANT13Papa Geo’s RestaurantBudget Proposal.docx
PAPA GEO’S RESTAURANT13Papa Geo’s RestaurantBudget Proposal.docx
Chapter 2Problems Set BP2-1B Suppose the following items are .docx
Chapter 2Problems Set BP2-1B Suppose the following items are .docx
Predictive automated margin trading technology part 3
Predictive automated margin trading technology part 3
NAME_____________________________________________________________.docx
NAME_____________________________________________________________.docx
Week 1 Problem SetAnswer the following questions and solve.docx
Week 1 Problem SetAnswer the following questions and solve.docx
Predictive automated margin trading technology part3
Predictive automated margin trading technology part3
Chapter 1KEY TERMS Define each of the following termsa. Sar.docx
Chapter 1KEY TERMS Define each of the following termsa. Sar.docx
Computer ProjectAlternative Investment Methods, Goodwill Impairm.docx
Computer ProjectAlternative Investment Methods, Goodwill Impairm.docx
Busi 320 Dev Shell - 2012 Fall BFoundations of Financial Managem.docx
Busi 320 Dev Shell - 2012 Fall BFoundations of Financial Managem.docx
Financial Statement Analysis provides information that indicates h.docx
Financial Statement Analysis provides information that indicates h.docx
SeC 10-K PresentationA CompanyFY 20111AGENDAWo.docx
SeC 10-K PresentationA CompanyFY 20111AGENDAWo.docx
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500 wordsDetailsReminder Initial Discussion Board posts due by.docx
500 words
Details:
Reminder: Initial Discussion Board posts due by Wednesday, responses due by Sunday
Students will be expected to post their first initial discussion board posting by Wednesday of each week. Discussion posts will be graded and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.
Students are expected to post their responses to peers by Sunday. NOTE: All submission posting times are based on midnight Central Time.
Primary Task Response
: Have you ever attended a play or musical? Do you frequently watch television programs or movies? Nowadays, drama is more popular in American culture than ever before. Yet what some forget is that it is a literary art form crafted by playwrights, TV and comedy writers, and Hollywood screenwriters. Drama shares many of the same elements as fiction and poetry; however, this literary genre is designed to be acted out on a stage or “dramatized” in front of screen audiences.
After you read the assigned essays in the textbook (and possibly the optional Seinfeld episode, “The Pitch”), please discuss the following questions:
Why, in your opinion, are dramas known as “plays?”
Talk about a time in which you attended a play, musical or opera—at a school, church or other public venue. Describe the experience: the sights and sounds, the mood of the audience, and the impact of seeing a drama performed on a live stage.
Have you ever acted and/or sung in a dramatic presentation? If so, depict for your classmates what it was like to be up on a stage performing material from a script. If you have never performed dramatic material, have you ever desired to? Why or why not?
Describe a favorite television show or movie in terms of its main characters, setting(s), basic plot, conflicts and themes. What makes it one of your favorites?
.
500-700 wordsThe city in which you live provides its budget in.docx
500-700 words
The city in which you live provides its budget information in monthly budgetary control reports with each month representing 1/12th of the overall budget. You overhear several managers discussing the budget at a community meeting. You were surprised to hear that half of the managers liked this process and that the other half felt that it did not adequately match their expenses.
Discuss the issues regarding the preparation of the budgets and why half of the departments liked the process and why the other half did not like the process. Complete the following:
Give examples of 1 department on each side of this controversy.
Can the budgeting process be made more reflective of the work actually being completed?
Explain your answer.
.
500 words, All new content, 2 - references. You are to select a co.docx
500 words, All new content, 2 - references
. You are to select a country(Not Sudan) that does not recognize all of the established legal guidelines reviewed previously in the last assignment, but the potential profit that could be realized warrants the risk. The following points need to be addressed in your international business expansion plan:
The issue of common and civil law systems internationally
Intellectual property, copyright infringements, and legal ramifications
Violation of human rights of employees and child labor law violations
Public perception of company doing business with companies that engage in that kind of activity
What has been the impact of the European Union of the business environment?
Anything else that you deem important to support your international business expansion plan
.
5Why is the ordination of women such a central issue both for women .docx
5Why is the ordination of women such a central issue both for women and for many religious communities, including communities on both sides of the issue?
How did the United States evolve from the early intolerance of most of the colonies to the pluralistic society we see today?
250 words each
Prof Xavier
.
500 wordsAccountability and ethical conduct are important concep.docx
500 words
Accountability and ethical conduct are important concepts in public administration. In Tennessee, recent political stakeholders and some bureaucratic stakeholders have been caught up in various scandals (Operation Tennessee Waltz, Operation Rocky Top, etc.). Based on the readings, what could Tennessee do to make political and bureaucratic functionaries more accountable?
For each thread, students must support their assertions with at least 1 scholarly citation in APA format. Each reply must incorporate at least 1 scholarly citation in APA format. Any sources cited must have been published within the last five years. Acceptable sources include the textbook, the Bible, etc.
.
5. In what significant way do not-for-profits account for inve.docx
5.
In what significant way do not-for-profits account for investments differently from businesses?
8.
How do not-for-profits differ from governments in the way they account for business-type activities, such as dining halls, gift shops and admission fees?
.
5.Missouri was International Shoe Corporations principal place .docx
5.
Missouri was International Shoe Corporation's principal place of business, but the company employed between 11 and 13 salespersons in the state of Washington who exhibited samples and solicited orders for shoes from prospective buyers in Washington. The state of Washington assessed the company for contributions to a state unemployment fund. The state served the assessment on one of International Shoe Corporation's sales representatives in Washington and sent a copy by registered mail to the company's Missouri headquarters. International Shoe's representative challenged the assessment on numerous grounds, arguing that the state had not properly served the corporation. Is the corporation's defense valid? Why or why not? [
International Shoe Co. v. Washington,
326 U.S. 310 (1945).]
6.
The Robinsons, residents of New York, bought a new Audi car from Seaway Volkswagen Corp., a retailer incorporated in New York and with its principal place of business there. World-Wide Volkswagen, a company incorporated in New York and doing business in New York, New Jersey, and Connecticut, distributed the car to Seaway. Neither Seaway nor World-Wide did business in Oklahoma, and neither company shipped cars there. The Robinsons were driving through Oklahoma when another vehicle struck their Audi in the rear. The gas tank of the Audi exploded, injuring several members of the family. The Robinsons brought a product liability suit against the manufacturer, distributor, and retailer of the car in an Oklahoma state court. Seaway and World-Wide argued that the Oklahoma state court did not have
in personam
jurisdiction over them. After the state's trial court and supreme court held that the state did have
in personam
jurisdiction over Seaway and World-Wide, the companies appealed to the U.S. Supreme Court. How do you think the Court decided in this case? Why? [
World-Wide Volkswagen Corp. v. Woodson,
444 U.S. 286 (1980).]
8.
Le Cabaret 481, Inc., an adult entertainment corporation, wanted to open a strip club in the city of Kingston. Kingston, however, passed an ordinance prohibiting adult businesses from operating within 300 feet of any church, school, nursery, public park, or residential property. Le Cabaret 481 filed a suit against the city, arguing that the ordinance left no feasible locations in the city for an adult business and thus violated the company's First Amendment right to free expression. The city, on the other hand, argued that Le Cabaret 481 did not present a ripe case to the court because the company had not applied for a building permit for its adult business. The company argued that it could not find a location for which it could apply for a permit. Do you think Le Cabaret 481 satisfied the ripeness requirement for its suit against the city? Why or why not? [
Le Cabaret 481, Inc. v. Municipality of Kingston,
2005 U.S. Dist. LEXIS 706 (2005).]
10.
The plaintiffs, parents of underage children, sued the Advanced Brands and Importing Co., a.
5.1 Deep-level abilities are closely related to job performance. As.docx
5.1 Deep-level abilities are closely related to job performance. As a manager, how could you use the knowledge that people differ to increase the likelihood an employee will perform his or her job well? What challenges does this pose when managing a diverse workforce?
5.2
Employees often see change as threatening. What are some of the sources of resistance to change, and what can you as a manager do to overcome that resistance?
5.3
What role does diversity play in managing change? What are some possible strategies for managing diversity? What influence does diversity training have on organizations?
5.4
Does the type of change being planned affect the strategy for managing the change? Explain and provide an example.
.
5. Choosing a System Jurisdiction Overlap - Drug RingcloseRev.docx
5. Choosing a System: Jurisdiction Overlap - Drug Ring
close
Review the following scenario:
You are a Wichita Police Department detective working in the major crimes unit, and you are assigned to a joint federal–state–city crime task force working on a number of major drug cases. Over a period of several months, your task force has been able to gather information and make cases on several of the drug suppliers, drug dealers, and drug buyers in the Wichita metropolitan area. The task force is about to complete its mission by filing criminal charges in the federal district court, the state district court, or the Wichita Municipal Court against these various suspects. These suspects will not be arrested until the warrants are issued.
Your job is to make recommendations concerning which jurisdictions should file the charges on which defendants. You will need to evaluate the criminal statutes and penalties in each jurisdiction and even the rules of evidence to determine where your task force has the best chance of obtaining a conviction and in getting the punishment to fit the crime.
The memo that you receive from your Drug Enforcement Administration (DEA) task force supervisor explains the situation:
MEMO
Re: Charging Decisions
You are the primary investigator in the cases against Jones, Smith, and Thompson. As I review your reports, it appears that each of these cases has strengths and weaknesses that we should evaluate before we determine whether to file charges in the U.S. District Court, the Sedgwick County District Court for the State of Kansas, or the Wichita Municipal Court. I will summarize those strengths and weaknesses here to make sure I am reading your reports correctly. I need you to give me advice on where you think these charges should be brought.
Jones has been working for you as a confidential informant because you have evidence against him for a February 6, 2005 third possession of cocaine after convictions in 1993 and 1994. He appears to have followed the terms of his deal with you to introduce our undercover agents to his dealer. We have promised not to prosecute for any drug offenses he may commit in the presence of our undercover agent while playing the role of our informant. His assistance has enabled us to get sufficient evidence on Smith and Thompson to obtain convictions. Based on Jones’ two prior convictions for possession of cocaine, we would normally want him to go to federal court, where the maximum sentences are available. However, because of his cooperation, we could file the case in the Sedgwick County, Kansas, and district court under state law. We could even change the charge to a drug paraphernalia offense and send his case to the city of Wichita.
How do you think we should proceed concerning Jones' February 6, 2005 cocaine possession? (30%)
He will probably plead guilty unless we send him to federal court. Where do you want to file it? (20%)
Smith has sold cocaine to our undercover agents on two occasions: Ju.
5. (TCO4) As a manufacturing firm builds a plant in Bolivia, it also.docx
5. (TCO4) As a manufacturing firm builds a plant in Bolivia, it also has to build an airstrip so that it can get the building supplies and the component parts it needs for operation to the Bolivian facility. The building of the airstrip was necessary because Bolivia has (Points : 2)
limited natural resources.
an underdeveloped infrastructure.
too many competing airports.
no international trade incentives.
None of these choices
.
5-6 paper written on dyslexia. APA format. What did the researcher.docx
5-6 paper written on dyslexia. APA format. What did the researchers want to find out? What's the big picture- why was the topic worth studying? What data did they collect, and how did they collect it? What did they find, and what do those findings actually mean? What are the implications of those findings?
.
5 page apa style paperOne of the recent developments facing the .docx
5 page apa style paper
One of the recent developments facing the public administration of corrections is that there has been an increasing call by public officials and the citizenry to privatize the prison systems in the United States.
First, from the perspective of a public sector correctional administrator, make 2 arguments for keeping the jails in public hands.
Second, from the perspective of a private sector, correctional facility manager make 2 arguments for turning the correctional system over to the private correctional industry.
Briefly discuss the types of challenges that each sector - both public and private may face.
Are there any legal issues, either criminal or civil, that need to be addressed before privatization can occur?
Support your viewpoints from your readings and other appropriate outside sources.
.
5-6 minute persuasive speech onShould all children be taught se.docx
5-6 minute persuasive speech on:
**Should all children be taught self defense in school?**
Include a specific purpose statement calling for either
-passive agreement
or
-immediate action
ALSO
The name os the type of organization method you have used in this speech.
.
5 haikus that relate to the pic attachedMust use the following 5.docx
5 haikus that relate to the pic attached
Must use the following 5 words for each haiku:
- journey/destination
- emphasis/vibrant
- dusk/dawn
- contrast
- dream
- illusion
At least one word for each haiku, word must be the main topic of the haiku
Should be easy.
5-7-5 syllable pattern, 3 line haiku
If you don't know how to write a haiku like the people who accepted this hw before, then don't bother accepting please.
Example:
reflections i see
on the river's surface
blurry and unclear
.
4055-817 emerging network course Think about each question in .docx
4055-817 emerging network course
Think about each question in detail before formulating your answer.
Your answer should be complete and
you should include examples
to support your answer.
There is no limitation on the amount you can write.
Each answer should include minimum of 130 words
1.
Explain Ad Hoc Networks and their usage.
2.
Explain the routing protocols in Mobil Ad Hoc Networks (MANET).
3.
What are your thoughts on MANET-VANET?
Implementation Issues?
Security challenges?
What is the current state of technology?
4.
How will routing be different in Ad Hoc Networks versus Wireless Sensor Networks?
5.
What are some of the security issues in Sensor Networks?
6.
How do we ensure data privacy, integrity, and authentication in Sensor Networks?
7.
List and explain at
least three
Mesh Network applications.
8.
Explain what a good Mesh Routing Protocol should have.
9.
Explain Delay Tolerant Networks (DTN) and their usage.
10.
What is your opinion about Smart Grid technology and its usage its future use?
.
5 Page Paper on Billy and the American South. Include Works Cited..docx
5 Page Paper on Billy and the American South. Include Works Cited.
Title: Billy and the American South: I ask Why?
Talk about the American south and how it was racist and explian why Billy was executed only at the age of 10. Also campare the american south then and now.
Due Monday 8 A.M New York TIme
.
4–5 pages; 5–7 PowerPoint slides (excluding title and reference slid.docx
4–5 pages; 5–7 PowerPoint slides (excluding title and reference slides); Speaker notes of 150–250
Details:
You are the department manager for a thriving orthopedic center that is part of an integrated delivery system (IDS) in Denver. The IDS is owned by a national corporation, with varying sized health care facilities from coast to coast.
As the department manager, you participate in various committees and panels that address multiple aspects of the center’s business and administration. Currently, the chief executive officer (CEO) of the IDS is considering approving procurement of a surgical robotic unit, at the recommendation of the system’s chief of surgery, for use in the thriving but overloaded orthopedic center that the Denver hospital houses.
He has also asked you to prepare a PowerPoint presentation explaining the specific differences among economic factors that must be considered prior to the purchase of the surgical unit.
Key Assignment
Write a paper of 4–5 pages discussing the competitive ability of acquiring a surgical robot unit. In your paper, include the following information:
Who are the stakeholders in this scenario (both internal and external)?
What is the impact to the various stakeholders of acquiring a surgical robot unit?
What are the external and internal factors that will impact the decision?
How might consumers (patients) react?
How will acquiring this technology impact the organization’s ability to compete?
Also, prepare a PowerPoint presentation of 5–7 slides on the same issue, and be sure to do the following:
Make sure to use proper formatting for your presentation.
Include 150–250 words of speaker notes.
Include citations and a reference slide.
.
5 page paper that must discuss the topic above Must include scho.docx
5 page paper that must discuss the topic above
Must include scholarly journals and articles 5 or more
Must be in apa format
Racial Barriers/ Injustices in the Criminal Justice System
Outline:
I. Introduction
In this paper I will be discussing the racial barriers and the injustices that go on in law enforcement. I will be giving details on the different racial disparities that many people as well as police officers face. When it comes to racial disparities it's not only a black and white issue, but law enforcement is also filled with different cultures and there are many people who are mistreated and targeted. Police brutality is a big issue as well and from this issue a lot of lives have been taken from mistakes police officers have made. Lastly, I will discuss the many barriers' women face in law enforcement, women are sometimes look passed and harassed and this is a not much popular issue people like to talk about.
II. Body
Racial Disparities
· Challenges that police officers face while working in Law Enforcement.
· Impact of racial profiling
· Bias in law enforcement
Police Brutality
· Police Shootings
· Excessive Force
Women in Law Enforcement
· Challenges women face while on the job.
· Sexual Harassment
· Unfair treatment on the job.
III. Conclusion
References
Bleakley, Paul. (2019). A Thin-Slice of Institutionalised Police Brutality: A Tradition of Excessive Force in the Chicago Police Department. Criminal Law Forum. 30. 10.1007/s10609-019-09378-6.
Kruttschnitt, C., et al. “A Man's World? Comparing the Structural Positions of Men and Women in an Organized Criminal Network.”
Crime, Law and Social Change
, Springer Netherlands, 1 Jan. 1970, link.springer.com/article/10.1007/s10611-020-09910-5#Bib1.
Shjarback, John & Decker, Scott & Rojek, Jeff & Brunson, Rod. (2017). Minority Representation in Policing and Racial Profiling: A Test of Representative Bureaucracy versus Community Context. Policing An International Journal of Police Strategies and Management. 40. 10.1108/PIJPSM-09-2016-0145.
.
5 discussion questions due friday morning (81613)100 words per q.docx
5 discussion questions due friday morning (8/16/13)
100 words per question
please cite and reference
no plagarism
anatomy and physiololy
question 1
There are several cardinal signs of acute inflammation. Can you explain the underlying mechanisms responsible for these cardinal signs of acute inflammation including heat, pain, redness, and swelling?
question 2
Some individuals with a deficit of IgA exhibit recurrent respiratory tract infections. Can this be explained after covering this week's material?
microbiology
question 1
What factors influence bacterial growth and the growth of other microbes? How can the knowledge of these factors assist in controlling bacterial growth? What techniques are used to control the bacterial growth?
question 2
How are microbes classified? Discuss at least two (bacteria, fungi, algae, protozoa, parasitic worms (helminthes), or arthropods). Include:
The categories
The criteria used to place organisms in categories (morphology, staining, growth, nutrition, physiology, biochemistry, genetics, serology, phage typing, or protein profiles.
Why are viruses not classified?
question 3
The formation of the Germ Theory was important in moving scientists toward solving the problem of many diseases. Several individuals played a role in the development of this theory. Describe two experiments that led to the Germ Theory.
a. Spontaneous generation
b. Contributions of Louis Pasteur
c. Contributions of Robert Koch
Thank you!
.
5 sections of pre-calc homework on wileyplus.com9.1 Identities.docx
5 sections of pre-calc homework on wileyplus.com
9.1
Identities, Expressions, and Equations
9.2
Sum and Difference Formulas for Sine and Cosine
10.1
Composition of Functions
10.2
Invertibility and Properties of Inverse Functions
10.3
Combinations of Functions
Each section contains an average of 15 questions ,various diffeculties.
You ave 4
Attempts per Question.
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Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
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- 1. 42. For fiscal year 2011, Starbucks Corporation (SBUX) had total revenues of $11.70 billion, net income of $1.25 billion, total assets of $7.36 billion, and total shareholder’s equity of $4.38 billion. a. Calculate the Starbucks’ ROE directly, and using the DuPont Identity. b. Comparing with the data for Peet’s in Problem 41, use the DuPont Identity to understand the difference between the two firms’ ROEs. Q2 See Table 2.5 showing financial statement data and stock price data for Mydeco Corp. a. How did Mydeco’s accounts receivable days change over this period? b. How did Mydeco’s inventory days change over this period? c. Based on your analysis, has Mydeco improved its management of its working capital during this time period? TABLE 2.5 2009–2013 Financial Statement Data and Stock Price Data for Mydeco Corp. Mydeco Corp. 2009–2013 (All data as of fiscal year end; in $ million) Income Statement 2009 2010 2011 2012 2013 Revenue Cost of Goods Sold 404.3
- 2. (188.3) 363.8 (173.8) 424.6 (206.2) 510.7 (246.8) 604.1 (293.4) Gross Profit Sales and Marketing Administration Depreciation & Amortization 216.0 (66.7) (60.6) (27.3) 190.0 (66.4) (59.1) (27.0) 218.4 (82.8) (59.4) (34.3) 263.9 (102.1) (66.4) (38.4) 310.7 (120.8) (78.5) (38.6) EBIT
- 3. Interest Income (Expense) 61.4 (33.7) 37.5 (32.9) 41.9 (32.2) 57.0 (37.4) 72.8 (39.4) Pretax Income Income Tax 27.7 (9.7) 4.6 (1.6) 9.7 (3.4) 19.6 (6.9) 33.4 (11.7) Net Income Shares outstanding (millions) Earnings per share 18.0 55.0 $0.33 3.0 55.0 $0.05
- 5. 31.7 85.0 86.1 35.3 Total Current Assets Net Property, Plant & Equip. Goodwill & Intangibles 171.1 245.3 361.7 169.6 169.6 243.3 184.5 309 361.7 186.1 345.6 361.7 206.4 347.0 361.7 Total Assets Liabilities & Stockholders’ Equity Accounts Payable Accrued Compensation 778.1 18.7 6.7 774.6 17.9
- 6. 6.4 855.2 22.0 7.0 893.4 26.8 8.1 915.1 31.7 9.7 Total Current Liabilities Long-term Debt 25.4 500.0 24.3 500.0 29.0 575.0 34.9 600.0 41.4 600.0 Total Liabilities Stockholders’ Equity 525.4 252.7 524.3 250.3 604.0 251.2 634.9 258.5 641.4
- 7. 273.7 Total Liabilities & Stockholders’ Equity 778.1 774.6 855.2 893.4 915.1 Statement of Cash Flows 2009 2010 2011 2012 2013 Net Income Depreciation & Amortization Chg. in Accounts Receivable Chg. in Inventory Chg. in Payables & Accrued Comp. 18.0 27.3 3.9 (2.9) 2.2 3.0 27.0 18.8 2.8 (1.1) 6.3 34.3 (0.0) 2.5 4.7 12.7 38.4 (7.1)
- 8. (3.3) 5.9 21.7 38.6 (9.2) (3.6) 6.5 Cash from Operations Capital Expenditures 48.5 (25.0) 50.5 (25.0) 47.8 (100.0) 46.6 (75.0) 54.0 (40.0) Cash from Investing Activities Dividends Paid Sale (or purchase) of stock Debt Issuance (Pay Down) (25.0) (5.4) — — (25.0) (5.4) — — (100.0) (5.4) —
- 9. 75.0 (75.0) (5.4) — 25.0 (40.0) (6.5) — — Cash from Financing Activities (5.4) (5.4) 69.6 19.6 (6.5) Change in Cash 18.1 20.1 17.4 (8.8) 7.5 Mydeco Stock Price $7.92 $3.30 $5.25 $8.71 $10.89