Financial HistorySTART HEREEnter data in the yellow cells only. Comments to help you are in blue or red font. Take one row at a time.CURRENCY:USD<-- This is the organization's home or functional currency. E.g., USD, INR (Indian Rupee), BRL (Brazilian Real), EUR (Euro), CNY (Chinese Yuan). Information is found on financial statements.SCALING: x1,000<-- Local currency units: Could be 1 (so 1 means 1), 1000 (so 1 = 1,000), or 1,000,000 (so 1 = 1.0 million). Usually 1000 is used. Information is found on financial statements.Starbucks Corporation<-- Any financial report should show the name of the organization in the heading.INCOME STATEMENT HIGHLIGHTS<-- Always identify the type of report.Unaudited; Amounts USD x 1000<-- The currency and scaling needs to be defined.For Fiscal Years endedOctober[Day]<-- An organization's fiscal year might end on Dec 31, or June 30, or something else. State it here.% Growth vs Prior Year20162015201420162015<-- Replace leftmost year number (Cell C9) with most recent year of data available.TOTAL REVENUE$ 21,315,900.0$ 19,162,700.0$ 16,447,800.011.2%16.5%Cost of Goods Sold$ 8,511,100.0$ 7,787,500.0$ 6,858,800.09.3%13.5%Gross Profit or (Loss)$ 12,804,800.0$ 11,375,200.0$ 9,589,000.012.6%18.6%Other Operating Expenses$ 8,632,900.0$ 7,774,200.0$ 6,507,900.011.0%19.5%OPERATING INCOME$ 4,171,900.0$ 3,601,000.0$ 3,081,100.015.9%16.9%Interest Income or (Expense), Net$ 108,000.0$ 372,500.0$ 142,700.0-71.0%161.0%<--Be sure to enter interest income as a positive number; interest expense as a negative number.Other Income or (Expense), Net$ (81,300.0)$ (70,500.0)$ (64,100.0)-15.3%-10.0%<--Be sure to enter other income as a positive number, other expense as a negative number.Income before Tax Provision$ 4,198,600.0$ 3,903,000.0$ 3,159,700.07.6%23.5%Provision for Income Taxes$ 1,511,496.0$ 1,143,700.0$ 1,092,000.032.2%4.7%Net Income or (Loss) from Continuing Operations$ 2,687,104.0$ 2,759,300.0$ 2,067,700.0-2.6%33.4%<--FYI, most analysts consider this better than total Net Income as an indicator of underlying business performance.Discontinued Operations Income (Loss), Net$ - 0$ - 0$ - 00.0%0.0%<--Typically, from shutting down or selling part of the business.NET INCOME OR (LOSS)$ 2,687,104.0$ 2,759,300.0$ 2,067,700.0-2.6%33.4%<--Confirm this matches what is listed on the financial statement you downloaded.Average Diluted Shares Outstanding$ 1,900,000.0$ 1,820,000.0$ 1,350,000.04.4%34.8%<--Make sure this value is scaled the same way as the other numbers (thousands or millions).DILUTED EARNINGS OR (LOSS) PER SHARE$ 1.41$ 1.52$ 1.53-6.7%-1.0%Net Income Margin %12.6%14.4%12.6%<--Net income or Loss / Total Revenue. Typical values are 2% to 20%, but it can be negative, too.Common Stock Share Price at each Year-End$ 55.52$ 60.03$ 41.03-7.5%46.3%<--Mergent Online instructions include how to find historical stock prices. Go back four years because you wi ...
This presentation was delivered at the April 23, 2009 Smart-ups event in Eugene, OR by Dan Vishny (CFO for two start-ups companies). Dan is also known for having one of the top 10 best scores on the CPA exam - for the entire U.S.A.!
Your answer is incorrect. Try again.Prepare a comparati.docxdanielfoster65629
Your answer is incorrect. Try again.
Prepare a comparative balance sheet of Gilmour Company showing the dollar change and the percent change for each item. (Round percentages to 2 decimal places, e.g. 2.25%. If $ or % change are in decrease, enter amounts or percentages using either a negative sign preceding the number e.g. -45, -2.25% or parentheses e.g. (45), (2.25)%.)
GILMOUR COMPANY
Comparative Balance Sheet
December 31, 2013 and 2012
December 31
Increase or (Decrease)
Assets
2013
2012
$ Change
% Change
Cash
$ 180,000
$ 275,000
$
%
$-95,000
-34.55%
Accounts receivable (net)
219,500
155,300
64,200
41.34%
Short-term investments
269,300
149,600
119,700
80.01%
Inventories
1,059,600
979,300
80,300
8.20%
Prepaid expenses
24,750
24,750
0
0.00%
Fixed assets
2,585,200
1,949,400
635,800
32.62%
Accumulated depreciation
( 1,000,500
)
( 750,100
)
-250,400
33.38%
Total
$ 3,337,850
$ 2,783,250
$
%
554,600
19.93%
Liabilities and Stockholders’ Equity
Accounts payable
$ 50,020
$ 74,100
$
%
-24,080
-32.50%
Accrued expenses
170,400
199,400
-29,000
-14.54%
Bonds payable
450,500
189,600
260,900
137.61%
Capital stock
2,100,000
1,769,300
330,700
18.69%
Retained earnings
566,930
550,850
16,080
2.92%
Total
$ 3,337,850
$ 2,783,250
$
%
554,600
19.93%
Your answer is partially correct. Try again.
Answer each of the questions in the following unrelated situations.
(a) The current ratio of a company is 5:1 and its acid-test ratio is 1:1. If the inventories and prepaid items amount to $492,400, what is the amount of current liabilities?
Current Liabilities
$
(b) A company had an average inventory last year of $209,000 and its inventory turnover was 5. If sales volume and unit cost remain the same this year as last and inventory turnover is 9 this year, what will average inventory have to be during the current year? (Round answer to 0 decimal places, e.g. 125.)
Average Inventory
$
(c) A company has current assets of $88,790 (of which $37,160 is inventory and prepaid items) and current liabilities of $37,160. What is the current ratio? What is the acid-test ratio? If the company borrows $13,870 cash from a bank on a 120-day loan, what will its current ratio be? What will the acid-test ratio be? (Round answers to 2 decimal places, e.g. 2.50.)
Current Ratio
:1
Acid Test Ratio
:1
New Current Ratio
:1
New Acid Test Ratio
:1
(d) A company has current assets of $605,100 and current liabilities of $239,000. The board of directors declares a cash dividend of $191,200. What is the current ratio after the declaration but before payment? What is the current ratio after the payment of the dividend? (Round answers to 2 decimal places, e.g. 2.50.)
Current ratio after the declaration but before payment
:1
Current ratio after the p.
The document is Las Vegas Sands' 1Q15 earnings call presentation. It discusses financial results for the quarter, including a decrease in net revenue and adjusted property EBITDA. It highlights declines in Macao gaming revenue, especially in VIP and premium mass segments, while Singapore saw growth in mass gaming and retail. The presentation emphasizes the company's commitment to maximizing shareholder returns through continued growth, increasing recurring dividends, and stock repurchases totaling nearly $10.5 billion returned to shareholders over the last 13 quarters.
- The document is the 3Q15 earnings presentation for Las Vegas Sands Corp. It provides financial highlights for the quarter including net revenue, adjusted property EBITDA, margins, EPS, and dividends paid.
- Geographically, EBITDA was derived 49% from Macao, 38% from Singapore, and 13% from the United States. Both LVS and Sands China are committed to returning capital to shareholders through dividends and share repurchases, with over $12 billion returned over the last 15 quarters.
- LVS maintains a strong balance sheet and cash flow with a net debt to TTM EBITDA of 1.6x providing flexibility for growth and capital returns.
There are 76 red xxx’s – each worth 1.18 points. You only need to.docxchristalgrieg
There are 76 red xxx’s – each worth 1.18 points. You only need to fill in where you see red xxx’s (big or small)
CHAPTER 1
THE McGEE CAKE COMPANY
1. The advantages to a LLC are: xxxx
The biggest disadvantage is: xxxx
2. .xxxx
C-2 CASE SOLUTIONS
3. .xxxx
CHAPTER 2
CASH FLOWS AND FINANCIAL STATEMENTS
Below are the financial statements that you are asked to prepare.
1. The income statement for each year will look like this:
Income Statement
2010
2011
Sales
xxxx
xxxx
Cost of goods sold
163,849
206,886
Selling and administrative
xxxx
xxxx
Depreciation
46,255
52,282
EBIT
$79,110
$90,584
Interest
10,056
11,526
EBT
$69,054
$79,058
Taxes (use the problem to figure
This amount out
xxxx
xxxx
Net income
$55,243
$63,246
Dividends(read the case to find out how much this is)
xxxx
xxxx
Addition to retained earnings
(this would be whatever the net income is less the dividends paid out)
xxxx
xxxx
2. The balance sheet for each year will be:
Balance Sheet as of Dec. 31, 2010
Cash
xxxx
Accounts payable
xxxx
Accounts receivable
xxxx
Notes payable
xxxx
Inventory
xxxx
Current liabilities
$60,832
Current assets
$72,651
Long-term debt
xxxxx
Net fixed assets
xxxxxx
Owners' equity
xxxxx
Total assets
$276,719
Total liab. and equity
$276,719
In the first year, equity is not given. Therefore, we must calculate equity as a plug variable. Since total liabilities and equity is equal to total assets, equity can be calculated as:
Equity = $276,719 – 60,832 – 103,006
Equity = $112,881
Balance Sheet as of Dec. 31, 2011
Cash
xxxx
Accounts payable
xxxx
Accounts receivable
xxxx
Notes payable
xxxx
Inventory
xxxx
Current liabilities
$68,121
Current assets
$100,834
Long-term debt
xxxx
Net fixed assets
xxxx
Owners' equity
Xxxx(see below)
Total assets
$349,459
Total liab. and equity
$349,459
The owner’s equity for 2011 is the beginning of year owner’s equity, plus the addition to retained earnings, plus the new equity, so:
Equity = $112,881 + 31,623 + 20,500
Equity = $165,004
3-6 are completed for you so you can answer the questions
3. Using the OCF equation: (
OCF = EBIT + Depreciation – Taxes
The OCF for each year is:
OCF2010 = $79,110 + 46,255 – 13,811
OCF2010 = $111,554
OCF2011 = $90,584 + 52,282 – 15,812
OCF2011 = $127,054
4.
To calculate the cash flow from assets, we need to find the capital spending and change in net working capital. The capital spending for the year was:
Capital spending
Ending net fixed assets
$248,625
– Beginning net fixed assets
204,068
+ Depreciation
52,282
Net capital spending
$96,839
And the change in net working capital was:
Change in net working capital
Ending NWC
$32,713
– Beginning NWC
11,819
Change in NWC
$20,894
So, the cash flow from assets was:
Cash flow from assets
Operating cash flow
$127,054
– Net capital spending
96,839
– Change in NWC
...
[Type text] [Type text] [Type text]
Part 1: Native American’s Forced Assimilation
Instructions: Watch the video
( https://www.vox.com/2019/10/14/20913408/us-stole-thousands-of-native-american-children) to get a history of assimilation in theUS. Then answer the following questions.
1.What was the purpose for the forced assimilation of Native Americans?
2.Name two strategies the US used to assimilate Native Americans and explain how each of these strategies worked.
Part 2: Keywords for Asian American Studie “Assimilation” (pp. 14-17) https://books.google.com/books?id=bo_dBwAAQBAJ&printsec=frontcover&dq=Keywords+for+Asian+American+Studie&hl=en&newbks=1&newbks_redir=0&sa=X&ved=2ahUKEwjsrcHi7OnnAhWnl3IEHeZyDKMQ6AEwAHoECAUQAg#v=onepage&q=Keywords%20for%20Asian%20American%20Studie&f=false
Instructions: Answer the following questions. Provide a passage from the reading (i.e., “Assimilation”) in addition to your response to support your responses.
1.What are the five different definitions or perspectives on assimilation? As you identify them, note which one you think is most accurate for the contemporary situation of assimilation.
2.According to Lisa Park, how is assimilation enforced in our society?
3.What are the criticism of assimilation?4.What does Lisa Park say is a unique experience of assimilation for Asian Americans? (p. 17)
Part 3: Assessing assimilation in our societyAnswer the following questions based on your observations, experiences, or insights.
1.Do immigrants have a duty to learn and adopt the local culture, or should they try to retain their native culture?
2.What does successful assimilation look like? What are some results of it?
3.What does unsuccessful assimilation look like? What are some results of it?
4.How does race fact into the process or act of assimilation?
Valuation outputBase year12345678910Terminal yearRevenue growth rate70.00%70.00%70.00%70.00%70.00%56.55%43.10%29.65%16.20%2.75%2.75%Revenues$ 1,328.70$ 2,258.78$ 3,839.93$ 6,527.88$ 11,097.40$ 18,865.58$ 29,534.07$ 42,263.25$ 54,794.31$ 63,670.99$ 65,421.94$ 67,221.04EBIT (Operating) margin-1.64%-0.23%1.18%2.60%4.01%5.43%6.84%8.26%9.67%11.09%12.50%12.50%EBIT (Operating income)$ (21.86)$ (5.21)$ 45.46$ 169.63$ 445.34$ 1,023.93$ 2,020.72$ 3,489.47$ 5,299.16$ 7,058.25$ 8,177.74$ 8,402.63Tax rate0.00%0.00%0.00%0.00%0.00%0.00%7.00%14.00%21.00%28.00%35.00%35.00%EBIT(1-t)$ (21.86)$ (5.21)$ 45.46$ 169.63$ 445.34$ 1,023.93$ 1,879.27$ 3,000.94$ 4,186.33$ 5,081.94$ 5,315.53$ 5,461.71- Reinvestment$ 659.64$ 1,121.38$ 1,906.35$ 3,240.79$ 5,509.35$ 7,566.30$ 9,027.79$ 8,887.27$ 6,295.52$ 1,241.81$ 1,877.46FCFF$ (664.84)$ (1,075.92)$ (1,736.72)$ (2,795.45)$ (4,485.42)$ (5,687.03)$ (6,026.85)$ (4,700.94)$ (1,213.58)$ 4,073.72$ 3,584.25Cost of capital10.03%10.03%10.03%10.03%10.03%9.63%9.22%8.81%8.41%8.
The document contains a jumbled collection of letters, words and symbols with no clear meaning. It includes the names of people, monetary policy terms, company listings, stock comparisons, investment scenarios and calculations, and a discussion of ETFs and shorting Brazilian stocks. There is no coherent message or main idea that can be discerned from the document.
Here are the answers to your questions:
1. The expansion led to an increase in sales from $3.43M in 2014 to $5.84M in 2015. However, net income declined from $88k to a loss of $95k. On the asset side, fixed assets increased from $491k to $1.2M. Liabilities increased significantly, with current liabilities up from $482k to $1.33M and long-term debt from $323k to $1M. Equity declined from $664k to $558k.
2. The statement of cash flows would show that despite higher sales, the company's cash position declined from $9k to $7.3
This presentation was delivered at the April 23, 2009 Smart-ups event in Eugene, OR by Dan Vishny (CFO for two start-ups companies). Dan is also known for having one of the top 10 best scores on the CPA exam - for the entire U.S.A.!
Your answer is incorrect. Try again.Prepare a comparati.docxdanielfoster65629
Your answer is incorrect. Try again.
Prepare a comparative balance sheet of Gilmour Company showing the dollar change and the percent change for each item. (Round percentages to 2 decimal places, e.g. 2.25%. If $ or % change are in decrease, enter amounts or percentages using either a negative sign preceding the number e.g. -45, -2.25% or parentheses e.g. (45), (2.25)%.)
GILMOUR COMPANY
Comparative Balance Sheet
December 31, 2013 and 2012
December 31
Increase or (Decrease)
Assets
2013
2012
$ Change
% Change
Cash
$ 180,000
$ 275,000
$
%
$-95,000
-34.55%
Accounts receivable (net)
219,500
155,300
64,200
41.34%
Short-term investments
269,300
149,600
119,700
80.01%
Inventories
1,059,600
979,300
80,300
8.20%
Prepaid expenses
24,750
24,750
0
0.00%
Fixed assets
2,585,200
1,949,400
635,800
32.62%
Accumulated depreciation
( 1,000,500
)
( 750,100
)
-250,400
33.38%
Total
$ 3,337,850
$ 2,783,250
$
%
554,600
19.93%
Liabilities and Stockholders’ Equity
Accounts payable
$ 50,020
$ 74,100
$
%
-24,080
-32.50%
Accrued expenses
170,400
199,400
-29,000
-14.54%
Bonds payable
450,500
189,600
260,900
137.61%
Capital stock
2,100,000
1,769,300
330,700
18.69%
Retained earnings
566,930
550,850
16,080
2.92%
Total
$ 3,337,850
$ 2,783,250
$
%
554,600
19.93%
Your answer is partially correct. Try again.
Answer each of the questions in the following unrelated situations.
(a) The current ratio of a company is 5:1 and its acid-test ratio is 1:1. If the inventories and prepaid items amount to $492,400, what is the amount of current liabilities?
Current Liabilities
$
(b) A company had an average inventory last year of $209,000 and its inventory turnover was 5. If sales volume and unit cost remain the same this year as last and inventory turnover is 9 this year, what will average inventory have to be during the current year? (Round answer to 0 decimal places, e.g. 125.)
Average Inventory
$
(c) A company has current assets of $88,790 (of which $37,160 is inventory and prepaid items) and current liabilities of $37,160. What is the current ratio? What is the acid-test ratio? If the company borrows $13,870 cash from a bank on a 120-day loan, what will its current ratio be? What will the acid-test ratio be? (Round answers to 2 decimal places, e.g. 2.50.)
Current Ratio
:1
Acid Test Ratio
:1
New Current Ratio
:1
New Acid Test Ratio
:1
(d) A company has current assets of $605,100 and current liabilities of $239,000. The board of directors declares a cash dividend of $191,200. What is the current ratio after the declaration but before payment? What is the current ratio after the payment of the dividend? (Round answers to 2 decimal places, e.g. 2.50.)
Current ratio after the declaration but before payment
:1
Current ratio after the p.
The document is Las Vegas Sands' 1Q15 earnings call presentation. It discusses financial results for the quarter, including a decrease in net revenue and adjusted property EBITDA. It highlights declines in Macao gaming revenue, especially in VIP and premium mass segments, while Singapore saw growth in mass gaming and retail. The presentation emphasizes the company's commitment to maximizing shareholder returns through continued growth, increasing recurring dividends, and stock repurchases totaling nearly $10.5 billion returned to shareholders over the last 13 quarters.
- The document is the 3Q15 earnings presentation for Las Vegas Sands Corp. It provides financial highlights for the quarter including net revenue, adjusted property EBITDA, margins, EPS, and dividends paid.
- Geographically, EBITDA was derived 49% from Macao, 38% from Singapore, and 13% from the United States. Both LVS and Sands China are committed to returning capital to shareholders through dividends and share repurchases, with over $12 billion returned over the last 15 quarters.
- LVS maintains a strong balance sheet and cash flow with a net debt to TTM EBITDA of 1.6x providing flexibility for growth and capital returns.
There are 76 red xxx’s – each worth 1.18 points. You only need to.docxchristalgrieg
There are 76 red xxx’s – each worth 1.18 points. You only need to fill in where you see red xxx’s (big or small)
CHAPTER 1
THE McGEE CAKE COMPANY
1. The advantages to a LLC are: xxxx
The biggest disadvantage is: xxxx
2. .xxxx
C-2 CASE SOLUTIONS
3. .xxxx
CHAPTER 2
CASH FLOWS AND FINANCIAL STATEMENTS
Below are the financial statements that you are asked to prepare.
1. The income statement for each year will look like this:
Income Statement
2010
2011
Sales
xxxx
xxxx
Cost of goods sold
163,849
206,886
Selling and administrative
xxxx
xxxx
Depreciation
46,255
52,282
EBIT
$79,110
$90,584
Interest
10,056
11,526
EBT
$69,054
$79,058
Taxes (use the problem to figure
This amount out
xxxx
xxxx
Net income
$55,243
$63,246
Dividends(read the case to find out how much this is)
xxxx
xxxx
Addition to retained earnings
(this would be whatever the net income is less the dividends paid out)
xxxx
xxxx
2. The balance sheet for each year will be:
Balance Sheet as of Dec. 31, 2010
Cash
xxxx
Accounts payable
xxxx
Accounts receivable
xxxx
Notes payable
xxxx
Inventory
xxxx
Current liabilities
$60,832
Current assets
$72,651
Long-term debt
xxxxx
Net fixed assets
xxxxxx
Owners' equity
xxxxx
Total assets
$276,719
Total liab. and equity
$276,719
In the first year, equity is not given. Therefore, we must calculate equity as a plug variable. Since total liabilities and equity is equal to total assets, equity can be calculated as:
Equity = $276,719 – 60,832 – 103,006
Equity = $112,881
Balance Sheet as of Dec. 31, 2011
Cash
xxxx
Accounts payable
xxxx
Accounts receivable
xxxx
Notes payable
xxxx
Inventory
xxxx
Current liabilities
$68,121
Current assets
$100,834
Long-term debt
xxxx
Net fixed assets
xxxx
Owners' equity
Xxxx(see below)
Total assets
$349,459
Total liab. and equity
$349,459
The owner’s equity for 2011 is the beginning of year owner’s equity, plus the addition to retained earnings, plus the new equity, so:
Equity = $112,881 + 31,623 + 20,500
Equity = $165,004
3-6 are completed for you so you can answer the questions
3. Using the OCF equation: (
OCF = EBIT + Depreciation – Taxes
The OCF for each year is:
OCF2010 = $79,110 + 46,255 – 13,811
OCF2010 = $111,554
OCF2011 = $90,584 + 52,282 – 15,812
OCF2011 = $127,054
4.
To calculate the cash flow from assets, we need to find the capital spending and change in net working capital. The capital spending for the year was:
Capital spending
Ending net fixed assets
$248,625
– Beginning net fixed assets
204,068
+ Depreciation
52,282
Net capital spending
$96,839
And the change in net working capital was:
Change in net working capital
Ending NWC
$32,713
– Beginning NWC
11,819
Change in NWC
$20,894
So, the cash flow from assets was:
Cash flow from assets
Operating cash flow
$127,054
– Net capital spending
96,839
– Change in NWC
...
[Type text] [Type text] [Type text]
Part 1: Native American’s Forced Assimilation
Instructions: Watch the video
( https://www.vox.com/2019/10/14/20913408/us-stole-thousands-of-native-american-children) to get a history of assimilation in theUS. Then answer the following questions.
1.What was the purpose for the forced assimilation of Native Americans?
2.Name two strategies the US used to assimilate Native Americans and explain how each of these strategies worked.
Part 2: Keywords for Asian American Studie “Assimilation” (pp. 14-17) https://books.google.com/books?id=bo_dBwAAQBAJ&printsec=frontcover&dq=Keywords+for+Asian+American+Studie&hl=en&newbks=1&newbks_redir=0&sa=X&ved=2ahUKEwjsrcHi7OnnAhWnl3IEHeZyDKMQ6AEwAHoECAUQAg#v=onepage&q=Keywords%20for%20Asian%20American%20Studie&f=false
Instructions: Answer the following questions. Provide a passage from the reading (i.e., “Assimilation”) in addition to your response to support your responses.
1.What are the five different definitions or perspectives on assimilation? As you identify them, note which one you think is most accurate for the contemporary situation of assimilation.
2.According to Lisa Park, how is assimilation enforced in our society?
3.What are the criticism of assimilation?4.What does Lisa Park say is a unique experience of assimilation for Asian Americans? (p. 17)
Part 3: Assessing assimilation in our societyAnswer the following questions based on your observations, experiences, or insights.
1.Do immigrants have a duty to learn and adopt the local culture, or should they try to retain their native culture?
2.What does successful assimilation look like? What are some results of it?
3.What does unsuccessful assimilation look like? What are some results of it?
4.How does race fact into the process or act of assimilation?
Valuation outputBase year12345678910Terminal yearRevenue growth rate70.00%70.00%70.00%70.00%70.00%56.55%43.10%29.65%16.20%2.75%2.75%Revenues$ 1,328.70$ 2,258.78$ 3,839.93$ 6,527.88$ 11,097.40$ 18,865.58$ 29,534.07$ 42,263.25$ 54,794.31$ 63,670.99$ 65,421.94$ 67,221.04EBIT (Operating) margin-1.64%-0.23%1.18%2.60%4.01%5.43%6.84%8.26%9.67%11.09%12.50%12.50%EBIT (Operating income)$ (21.86)$ (5.21)$ 45.46$ 169.63$ 445.34$ 1,023.93$ 2,020.72$ 3,489.47$ 5,299.16$ 7,058.25$ 8,177.74$ 8,402.63Tax rate0.00%0.00%0.00%0.00%0.00%0.00%7.00%14.00%21.00%28.00%35.00%35.00%EBIT(1-t)$ (21.86)$ (5.21)$ 45.46$ 169.63$ 445.34$ 1,023.93$ 1,879.27$ 3,000.94$ 4,186.33$ 5,081.94$ 5,315.53$ 5,461.71- Reinvestment$ 659.64$ 1,121.38$ 1,906.35$ 3,240.79$ 5,509.35$ 7,566.30$ 9,027.79$ 8,887.27$ 6,295.52$ 1,241.81$ 1,877.46FCFF$ (664.84)$ (1,075.92)$ (1,736.72)$ (2,795.45)$ (4,485.42)$ (5,687.03)$ (6,026.85)$ (4,700.94)$ (1,213.58)$ 4,073.72$ 3,584.25Cost of capital10.03%10.03%10.03%10.03%10.03%9.63%9.22%8.81%8.41%8.
The document contains a jumbled collection of letters, words and symbols with no clear meaning. It includes the names of people, monetary policy terms, company listings, stock comparisons, investment scenarios and calculations, and a discussion of ETFs and shorting Brazilian stocks. There is no coherent message or main idea that can be discerned from the document.
Here are the answers to your questions:
1. The expansion led to an increase in sales from $3.43M in 2014 to $5.84M in 2015. However, net income declined from $88k to a loss of $95k. On the asset side, fixed assets increased from $491k to $1.2M. Liabilities increased significantly, with current liabilities up from $482k to $1.33M and long-term debt from $323k to $1M. Equity declined from $664k to $558k.
2. The statement of cash flows would show that despite higher sales, the company's cash position declined from $9k to $7.3
CyrusOne reported solid 4Q14 results with revenue and FFO slightly ahead of expectations. Management provided an overview of why lower oil prices are not expected to materially impact the business. Notably, CyrusOne increased its dividend by 50% to an annual yield of 4.2%, ahead of expectations and pointing to a focus on FFO growth and profitability over top-line growth. While 2015 guidance was below estimates, management appears to be conservative and trends indicate performance towards the mid-point is likely.
The document provides financial statement analysis of Lincoln Company for 2003 and 2002. It includes comparative balance sheets and income statements, as well as calculations of key financial ratios to analyze the company's solvency, profitability, and efficiency. Ratios such as the current ratio, inventory turnover, and return on assets are presented to evaluate Lincoln Company's performance over the two years.
The document discusses cash flow statements, including:
1) It compares cash flows from operating, investing, and financing activities and contrasts cash flow statements prepared under IFRS and US GAAP.
2) It distinguishes between the direct and indirect methods of presenting cash from operating activities.
3) It analyzes and interprets both reported and common-size cash flow statements, calculates performance and coverage cash flow ratios, and interprets free cash flow.
The document summarizes JPMorgan Chase's financial results for the first quarter of 2011. Key highlights include:
- Net income of $5.6 billion and earnings per share of $1.28.
- Card Services reported net income of $1.3 billion compared to a net loss in the prior year, driven by lower credit costs.
- The Investment Bank reported net income of $2.4 billion on revenues of $8.2 billion, with strong fixed income and equity markets revenue.
- Retail Financial Services reported a net loss of $937 million in its mortgage banking business due to losses from mortgage servicing rights.
The document summarizes JPMorgan Chase's financial results for the first quarter of 2011. Key highlights include:
- Net income of $5.6 billion and earnings per share of $1.28.
- Card Services reported net income of $1.3 billion compared to a net loss in the prior year, driven by lower credit costs.
- The Investment Bank reported net income of $2.4 billion on revenues of $8.2 billion, with strong fixed income and equity markets revenue.
- Retail Financial Services reported a net loss of $937 million in its mortgage banking business due to losses from mortgage servicing rights.
The document summarizes JPMorgan Chase's financial results for the first quarter of 2011. Key highlights include:
- Net income of $5.6 billion and earnings per share of $1.28. Revenue was $25.8 billion.
- Significant items that impacted results were a $2 billion benefit from lower credit card loan loss reserves, a $1.1 billion loss from mortgage servicing rights adjustments, and a $650 million expense for estimated foreclosure costs.
- The balance sheet was strengthened with a Basel I Tier 1 Common ratio of 10% and estimated Basel III Tier 1 Common of 7.3%. Credit reserves totaled $30.4 billion.
The document summarizes JPMorgan Chase's financial results for the first quarter of 2011. Key highlights include:
- Net income of $5.6 billion and earnings per share of $1.28. Revenue was $25.8 billion.
- Significant items that impacted results were a $2 billion benefit from reduced credit card loan loss reserves in Card Services, a $1.1 billion loss from mortgage servicing rights asset adjustments in Retail Financial Services, and a $650 million expense for estimated costs of foreclosure matters in Retail Financial Services.
- The Investment Bank generated net income of $2.4 billion on revenue of $8.2 billion, with strong performance in fixed income and
Company InformationACCT 370 Excel ProjectJohnson & JohnsonCompany LynellBull52
Company InformationACCT 370 Excel ProjectJohnson & JohnsonCompany InformationCompany NameJohnson & JohnsonTicker SymbolJNJIndustryPharmaceuticals, Consumer products, Medical DevicesProducts and Services OfferedBeauty, Over The Counter Pharmaceuticals, Baby Care, Oral Care, Women's Health, Wound CareImmunology, Infectious Disease Vaccines, Neuroscience, Oncology, Cardiovascular Metabolic DiseasesOrthopaedic, Surgery, Cardiovascular, Diabetes care, Vision CareMajor CompetitorsPfizer, Merck, Proctor & Gamble, Bristol Myers Squibb, Unilever
Historical Income StatementsJOHNSON & JOHNSON AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOMEAt December 30, 2018 and December 30, 2017(Dollars in Millions) (Note 1)$2,018.00$2,017.00$2,016.00Net earnings$15,297.00$1,300.00$16,540.00Other comprehensive income (loss), net of tax Foreign currency translation-$1,518.00$1,696.00-$612.00 Securities: (1) Unrealized holding gain (loss) arising during period-$1.00$159.00-$52.00 Reclassifications to earnings$1.00-$338.00-$141.00 Net change$0.00-$179.00-$193.00 Employee benefit plans: Prior service credit (cost), net of amortization-$44.00$2.00$21.00 Gain (loss), net of amortization-$56.00$29.00-$862.00 Effect of exchange rates$92.00-$201.00$159.00 Net change-$8.00-$170.00-$682.00 Derivatives & hedges: Unrealized gain (loss) arising during period-$73.00-$4.00-$359.00 Reclassifications to earnings-$192.00$359.00$110.00 Net change-$265.00$355.00-$249.00Other comprehensive income (loss)-$1,791.00$1,702.00-$1,736.00Comprehensive income$13,506.00$3,002.00$14,804.00
Historical Balance SheetsJOHNSON & JOHNSON AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETSAt December 30, 2018 and December 30, 2017(Dollars in Millions Except Share and Per Share Amounts) (Note 1)201820172016AssetsCurrent assetsCash and cash equivalents (Notes 1 and 2)$ 18,107.00$ 17,824.00$ 18,972.00Marketable securities (Notes 1 and 2)$ 1,580.00$ 472.00$ 22,935.00Accounts receivable trade, less allowances for doubtful accounts $248 (2017, $291)$ 14,098.00$ 13,490.00$ 11,699.00Inventories (Notes 1 and 3)$ 8,599.00$ 8,765.00$ 8,144.00Prepaid expenses and other receivables$ 2,699.00$ 2,537.00$ 3,282.00Assets held for sale (Note 20)$ 950.00$ - 0$ - 0Total current assets$ 46,033.00$ 43,088.00$ 65,032.00Property, plant and equipment, net (Notes 1 and 4)$ 17,035.00$ 17,005.00$ 15,912.00Intangible assets, net (Notes 1 and 5)$ 47,611.00$ 53,228.00$ 26,876.00Goodwill (Notes 1 and 5)$ 30,453.00$ 31,906.00$ 22,805.00Deferred taxes on income (Note 8)$ 7,640.00$ 7,105.00$ 6,148.00Other assets$ 4,182.00$ 4,971.00$ 4,435.00Total assets$ 152,954.00$ 157,303.00$ 141,208.00Liabilities and Shareholders’ EquityCurrent liabilitiesLoans and notes payable (Note 7)$ 2,796.00$ 3,906.00$ 4,684.00Accounts payable$ 7,537.00$ 7,310.00 ...
Company information acct 370 excel projectjohnson & johnsoncompany nand15
Johnson & Johnson is a large pharmaceutical, medical device, and consumer goods company. It offers a wide range of products including pharmaceuticals, medical devices, and consumer health products. Its major competitors include Pfizer, Merck, Procter & Gamble, and Bristol-Myers Squibb. The documents provide income statements, balance sheets, and cash flow statements for Johnson & Johnson for 2018, 2017, and 2016.
This document provides financial information for a proposed steak buffet restaurant, including:
1. Variable and fixed annual costs, with the total variable costs being 63.11% and total fixed costs being $485,718.
2. A break-even analysis showing that monthly revenue of $67,519 is needed to break even.
3. Three years of projected profit and loss statements, cash flow statements, and balance sheets to estimate the financial performance and position of the restaurant.
4. Key business ratios such as current ratio, quick ratio, and net profit margin are presented to benchmark the restaurant's financial health against industry standards.
Powered by ClearbitApple Inc (NMS AAPL)Company Financ.docxLacieKlineeb
Powered by Clearbit
Apple Inc (NMS: AAPL)
Company Financials
Income Statement
Exchange rate used is that of the Year End
reported date
As Reported Annual Income Statement
Report Date 09/25/202
1
09/26/202
0
09/28/201
9
Currency USD USD USD
Audit Status Not
Qualified
Not
Qualified
Not
Qualified
Consolidated Yes Yes Yes
Scale Thousan
ds
Thousan
ds
Thousan
ds
Products 297392000 220747000 213883000
Services 68425000 53768000 46291000
Net sales $365,817,000 $274,515,000 $260,174,000
Cost of sales - products $192,266,000 $151,286,000 $144,996,000
Cost of sales - services $20,715,000 $18,273,000 $16,786,000
Cost of sales $212,981,000 $169,559,000 $161,782,000
Gross margin $152,836,000 $104,956,000 $98,392,000
Research & development expense $21,914,000 $18,752,000 $16,217,000
Selling, general & administrative expense $21,973,000 $19,916,000 $18,245,000
Total operating expenses $43,887,000 $38,668,000 $34,462,000
Operating income (loss) $108,949,000 $66,288,000 $63,930,000
Interest & dividend income $2,843,000 $3,763,000 $4,961,000
Interest expense $2,645,000 $2,873,000 $3,576,000
Other income (expense), net $60,000 -$87,000 $422,000
Other income/(expense), net $258,000 $803,000 $1,807,000
Income (loss) before provision for income taxes $109,207,000 $67,091,000 $65,737,000
Current federal income tax expense (benefit) $8,257,000 $6,306,000 $6,384,000
Deferred federal income tax expense (benefit) -$7,176,000 -$3,619,000 -$2,939,000
Total federal income tax expense (benefit) $1,081,000 $2,687,000 $3,445,000
Current state income tax expense (benefit) $1,620,000 $455,000 $475,000
Deferred state income tax expense (benefit) -$338,000 $21,000 -$67,000
Total state income tax expense (benefit) $1,282,000 $476,000 $408,000
Current foreign income tax expense (benefit) $9,424,000 $3,134,000 $3,962,000
Deferred foreign income tax expense (benefit) $2,740,000 $3,383,000 $2,666,000
Total foreign income tax expense (benefit) $12,164,000 $6,517,000 $6,628,000
Provision for (benefit from) income taxes $14,527,000 $9,680,000 $10,481,000
Net income (loss) $94,680,000 $57,411,000 $55,256,000
Weighted average shares outstanding - basic 16,701,272 17,352,119 18,471,336
Weighted average shares outstanding - diluted 16,864,919 17,528,214 18,595,652
Year end shares outstanding 16,426,786 16,976,763 17,772,944
Net earnings (loss) per share - basic $5.67 $3.31 $2.99
Net earnings (loss) per share - diluted $5.61 $3.28 $2.97
Cash dividends declared per share - $0.80 $0.75
Number of full time employees 154000 147000 137000
Number of common stockholders 23502 22797 23233
Foreign currency translation adjustments - 88000 -408000
Balance Sheet
Exchange rate used is that of the Year End
reported date
As Reported Annual Balance Sheet
Report Date 09/25/202
1
09/26/202
0
09/28/201
9
Currency USD USD USD
Audit Status Not
Qualified
Not
Qualified
Not
Qualified
Consolidated Yes Yes Yes
Scale Thousan
ds
Thousan
ds
Thousan
ds
Cash & cash equivalents $34,940.
Everyone can benefit from starting their own private equity bank. All that is needed is the ability to contribute monthly installments or a large lump sum coupled with monthly deposits. You can start your own bank for as little as a few hundred dollars a month. How simple is that?
What can you use your bank for?
Anything! You can purchase real estate, cars, vacations, college tuition, fund retirement, purchase investments, businesses, etc. Whatever your interest or needs are, the money is there for your convenience.
What are the benefits of being your own banker?
Simply put…financial independence.
You will no longer depend on financial institutions to borrow money or grow your wealth. You will never pay interest to a financial institution again. This is on your own terms!
Contact Kagan Financial for more information: 1.800.774.0945
Discover reported financial results for full year 2016 and 4Q16. Key highlights include:
- 2016 diluted EPS grew 12% to $5.77 driven by loan growth and lower expenses.
- 4Q16 diluted EPS increased 23% to $1.40 due to higher net interest income and lower expenses.
- Loan balances and credit card sales volumes increased year-over-year for both periods. However, provision for loan losses grew due to higher net charge-offs from loan growth and seasoning.
This document provides an analysis and stock recommendation for Credit Corp Group Limited (CCP). It summarizes CCP's most recent financial results, which confirm the momentum of the company's corporate turnaround. The analyst upgrades the price target for CCP stock to A$2.29 based on two potential drivers of excess returns: 1) CCP is positioned for a price-to-book valuation re-rating as its current valuation implies no value for its business franchise; and 2) continued earnings growth driven by increased staff productivity and harvesting older purchased debt ledgers. The analyst maintains a "Buy" recommendation on CCP stock.
This document contains an assignment submitted by Akershit Kumar Sharma to Professor Mushtaq Ahmed on April 7, 2013. It includes answers to various questions related to contribution format income statements segmented by territory and product line. The key details provided are contribution format income statements for a company's total sales, segmented by the northern and southern territories, and further segmented of the northern territory by its Paks and Tibs product lines. Analysis is also provided on performance of different territories and product lines.
This document compares the financial position of Coca Cola and Pepsi through ratio analysis. It provides balance sheet and profit and loss statements for both companies for the quarter ending June 27, 2014. It then calculates and compares various ratios between the two companies to analyze their profitability, liquidity, turnover, and solvency. Key ratios show Coca Cola has a higher return on investment and return on assets, while Pepsi has higher revenue, gross profit ratio, and current ratio. In conclusion, while Pepsi earns more profit, Coca Cola provides a better return on investment.
This document provides cost and revenue information for a proposed real estate development project. It includes a breakdown of acquisition costs totaling $74,155,266. It also provides projected annual gross rents totaling $7,877,537 for the first stabilized year. Estimated operating expenses are provided, resulting in a projected net operating income of -$683,066 for the first year. The document also includes calculations for tax payments, returns on investment, and a potential sale of the property in year 10 with a net cash to the seller of $247,533,050.
1. The document summarizes key topics from Chapter 3 including financial statements, cash flows, taxes, and valuation metrics.
2. It provides examples of income statements, balance sheets, and statements of cash flows for a company that experienced high growth in 2007.
3. Several analyses are presented including calculations of free cash flow, return on invested capital, economic value added, and market value added, indicating the company's growth destroyed value as returns fell below the cost of capital.
Presentation for the 2015 Spring Tennessee Judicial Conference for TN judges. An overview of the business valuation theory and detail of calculations and methods most commonly used in divorce cases involving closely-held businesses and professional practices. Lists the key items for judges to identify that impact the most common differences in opposing expert reports. Includes a discussion of personal and enterprise goodwill allowed and disallowed and allocation techniques through a review of key TN cases including Hazard, Witt, Eberting, Hartline and Barnes.
ChapterTool KitChapter 211/20/18Financial Statements, Cash Flow, and Taxes2-1 Financial Statements and ReportsThe annual report contains a verbal section plus four key statements: the balance sheet, income statement, statement of stockholders' equity, and statement of cash flows.Our spreadsheets use formulas rather than fixed numbers. For example, the cell for Total assets for the most recent year contains the Sum formula rather than just a fixed number. That way, if the data for any inputs (cash, for instance) change, the spreadsheet will automatically recalculate and provide the correct new value for Total assets.In financial modeling, it is helpful to users when input data is grouped together, so you should follow this practice in your own models, too.2-2 The Balance SheetINPUT DATA SECTION: Historical Data Used in the Analysis20192018Tax rate25%25%Weighted average cost of captal (WACC)11.50%11.50%Figure 2-1MicroDrive Inc. December 31 Balance SheetsOlder version in manuscript 4/20(Millions of Dollars)Assets20192018Assets20192018Cash and equivalents$100$110Cash and equivalents$100$102Short-term investments10182Short-term investments1040Accounts receivable500410Accounts receivable500384Inventories1,000830Inventories1,000774Total current assets$1,610$1,532Total current assets$1,610$1,300Net plant and equipment2,0001,780Net property, plant, and equipment (PP&E)2,0001,780Note: Net plant and equipment is equal to cumulative purchases of fixed assets less cumulative depreciation and cumulative disposed assets. Total assets$3,610$3,312Total assets$3,610$3,080Liabilities and EquityLiabilities and EquityAccounts payable$200$190Accounts payable$200$180Notes payable150100Notes payable15028Accruals400370Accruals400370Total current liabilities$750$660Total current liabilities$750$578Long-term bonds520500Long-term bonds520350Total liabilities$1,270$1,160Total liabilities$1,270$928Preferred stock (1,000,000 shares)100100Preferred stock (1,000,000 shares)100100Common stock (50,000,000 shares)500500Common stock (50,000,000 shares)500500Retained earnings1,7401,552Retained earnings1,7401,552Total common equity$2,240$2,052Total common equity$2,240$2,052Total liabilities and equity$3,610$3,312Total liabilities and equity$3,610$3,0802-2 The Income StatementFigure 2-2MicroDrive Income Statements (and Selected Additional Information) for Years Ending December 31(Millions, Except for Per Share Data)20192018Older version in manuscript 4/20Net sales$5,000$4,800Net sales50004680Costs of goods sold except depreciation3,9003,710Costs of goods sold except depreciation$3,900$3,618Depreciation and amortizationa200180Depreciation and amortizationa200180Other operating expenses500470Other operating expenses500470Earnings before interest and taxes (EBIT)$400$440Earnings before interest and taxes (EBIT)400412Less interest 6040Less interest $60$56Pre-tax earnings$340$400Pre-tax earnings340356Taxes85100Taxes$85$89Net Income before preferred dividends$255$300Net Income before ...
One of the most common used risk management tools is the Incident Re.docxAKHIL969626
One of the most common used risk management tools is the Incident Reporting.
More recently, incident Reporting system incorporated computer technology that will provide information like:
1. Major incident category.
2. Early identification of patterns and trends in the "how" and "why" of untoward events.
3. Code vulnerability inductors.
Discuss the potential benefits to use this technology. There is any Limitation for the system? Explain.
.
One of the first anthropologists to examine religion in Africa was E.docxAKHIL969626
Edward Evans-Pritchard was one of the first anthropologists to study religion in Africa in the early 1900s. He learned about the religious beliefs of the Azande people by studying them in the documentary "Strange Beliefs: Sir Edward Evans-Pritchard". The video shows that the Azande explain unfortunate events as being caused by witchcraft and sorcery, and conduct rituals to counter these influences.
More Related Content
Similar to Financial HistorySTART HEREEnter data in the yellow cells only. Co.docx
CyrusOne reported solid 4Q14 results with revenue and FFO slightly ahead of expectations. Management provided an overview of why lower oil prices are not expected to materially impact the business. Notably, CyrusOne increased its dividend by 50% to an annual yield of 4.2%, ahead of expectations and pointing to a focus on FFO growth and profitability over top-line growth. While 2015 guidance was below estimates, management appears to be conservative and trends indicate performance towards the mid-point is likely.
The document provides financial statement analysis of Lincoln Company for 2003 and 2002. It includes comparative balance sheets and income statements, as well as calculations of key financial ratios to analyze the company's solvency, profitability, and efficiency. Ratios such as the current ratio, inventory turnover, and return on assets are presented to evaluate Lincoln Company's performance over the two years.
The document discusses cash flow statements, including:
1) It compares cash flows from operating, investing, and financing activities and contrasts cash flow statements prepared under IFRS and US GAAP.
2) It distinguishes between the direct and indirect methods of presenting cash from operating activities.
3) It analyzes and interprets both reported and common-size cash flow statements, calculates performance and coverage cash flow ratios, and interprets free cash flow.
The document summarizes JPMorgan Chase's financial results for the first quarter of 2011. Key highlights include:
- Net income of $5.6 billion and earnings per share of $1.28.
- Card Services reported net income of $1.3 billion compared to a net loss in the prior year, driven by lower credit costs.
- The Investment Bank reported net income of $2.4 billion on revenues of $8.2 billion, with strong fixed income and equity markets revenue.
- Retail Financial Services reported a net loss of $937 million in its mortgage banking business due to losses from mortgage servicing rights.
The document summarizes JPMorgan Chase's financial results for the first quarter of 2011. Key highlights include:
- Net income of $5.6 billion and earnings per share of $1.28.
- Card Services reported net income of $1.3 billion compared to a net loss in the prior year, driven by lower credit costs.
- The Investment Bank reported net income of $2.4 billion on revenues of $8.2 billion, with strong fixed income and equity markets revenue.
- Retail Financial Services reported a net loss of $937 million in its mortgage banking business due to losses from mortgage servicing rights.
The document summarizes JPMorgan Chase's financial results for the first quarter of 2011. Key highlights include:
- Net income of $5.6 billion and earnings per share of $1.28. Revenue was $25.8 billion.
- Significant items that impacted results were a $2 billion benefit from lower credit card loan loss reserves, a $1.1 billion loss from mortgage servicing rights adjustments, and a $650 million expense for estimated foreclosure costs.
- The balance sheet was strengthened with a Basel I Tier 1 Common ratio of 10% and estimated Basel III Tier 1 Common of 7.3%. Credit reserves totaled $30.4 billion.
The document summarizes JPMorgan Chase's financial results for the first quarter of 2011. Key highlights include:
- Net income of $5.6 billion and earnings per share of $1.28. Revenue was $25.8 billion.
- Significant items that impacted results were a $2 billion benefit from reduced credit card loan loss reserves in Card Services, a $1.1 billion loss from mortgage servicing rights asset adjustments in Retail Financial Services, and a $650 million expense for estimated costs of foreclosure matters in Retail Financial Services.
- The Investment Bank generated net income of $2.4 billion on revenue of $8.2 billion, with strong performance in fixed income and
Company InformationACCT 370 Excel ProjectJohnson & JohnsonCompany LynellBull52
Company InformationACCT 370 Excel ProjectJohnson & JohnsonCompany InformationCompany NameJohnson & JohnsonTicker SymbolJNJIndustryPharmaceuticals, Consumer products, Medical DevicesProducts and Services OfferedBeauty, Over The Counter Pharmaceuticals, Baby Care, Oral Care, Women's Health, Wound CareImmunology, Infectious Disease Vaccines, Neuroscience, Oncology, Cardiovascular Metabolic DiseasesOrthopaedic, Surgery, Cardiovascular, Diabetes care, Vision CareMajor CompetitorsPfizer, Merck, Proctor & Gamble, Bristol Myers Squibb, Unilever
Historical Income StatementsJOHNSON & JOHNSON AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOMEAt December 30, 2018 and December 30, 2017(Dollars in Millions) (Note 1)$2,018.00$2,017.00$2,016.00Net earnings$15,297.00$1,300.00$16,540.00Other comprehensive income (loss), net of tax Foreign currency translation-$1,518.00$1,696.00-$612.00 Securities: (1) Unrealized holding gain (loss) arising during period-$1.00$159.00-$52.00 Reclassifications to earnings$1.00-$338.00-$141.00 Net change$0.00-$179.00-$193.00 Employee benefit plans: Prior service credit (cost), net of amortization-$44.00$2.00$21.00 Gain (loss), net of amortization-$56.00$29.00-$862.00 Effect of exchange rates$92.00-$201.00$159.00 Net change-$8.00-$170.00-$682.00 Derivatives & hedges: Unrealized gain (loss) arising during period-$73.00-$4.00-$359.00 Reclassifications to earnings-$192.00$359.00$110.00 Net change-$265.00$355.00-$249.00Other comprehensive income (loss)-$1,791.00$1,702.00-$1,736.00Comprehensive income$13,506.00$3,002.00$14,804.00
Historical Balance SheetsJOHNSON & JOHNSON AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETSAt December 30, 2018 and December 30, 2017(Dollars in Millions Except Share and Per Share Amounts) (Note 1)201820172016AssetsCurrent assetsCash and cash equivalents (Notes 1 and 2)$ 18,107.00$ 17,824.00$ 18,972.00Marketable securities (Notes 1 and 2)$ 1,580.00$ 472.00$ 22,935.00Accounts receivable trade, less allowances for doubtful accounts $248 (2017, $291)$ 14,098.00$ 13,490.00$ 11,699.00Inventories (Notes 1 and 3)$ 8,599.00$ 8,765.00$ 8,144.00Prepaid expenses and other receivables$ 2,699.00$ 2,537.00$ 3,282.00Assets held for sale (Note 20)$ 950.00$ - 0$ - 0Total current assets$ 46,033.00$ 43,088.00$ 65,032.00Property, plant and equipment, net (Notes 1 and 4)$ 17,035.00$ 17,005.00$ 15,912.00Intangible assets, net (Notes 1 and 5)$ 47,611.00$ 53,228.00$ 26,876.00Goodwill (Notes 1 and 5)$ 30,453.00$ 31,906.00$ 22,805.00Deferred taxes on income (Note 8)$ 7,640.00$ 7,105.00$ 6,148.00Other assets$ 4,182.00$ 4,971.00$ 4,435.00Total assets$ 152,954.00$ 157,303.00$ 141,208.00Liabilities and Shareholders’ EquityCurrent liabilitiesLoans and notes payable (Note 7)$ 2,796.00$ 3,906.00$ 4,684.00Accounts payable$ 7,537.00$ 7,310.00 ...
Company information acct 370 excel projectjohnson & johnsoncompany nand15
Johnson & Johnson is a large pharmaceutical, medical device, and consumer goods company. It offers a wide range of products including pharmaceuticals, medical devices, and consumer health products. Its major competitors include Pfizer, Merck, Procter & Gamble, and Bristol-Myers Squibb. The documents provide income statements, balance sheets, and cash flow statements for Johnson & Johnson for 2018, 2017, and 2016.
This document provides financial information for a proposed steak buffet restaurant, including:
1. Variable and fixed annual costs, with the total variable costs being 63.11% and total fixed costs being $485,718.
2. A break-even analysis showing that monthly revenue of $67,519 is needed to break even.
3. Three years of projected profit and loss statements, cash flow statements, and balance sheets to estimate the financial performance and position of the restaurant.
4. Key business ratios such as current ratio, quick ratio, and net profit margin are presented to benchmark the restaurant's financial health against industry standards.
Powered by ClearbitApple Inc (NMS AAPL)Company Financ.docxLacieKlineeb
Powered by Clearbit
Apple Inc (NMS: AAPL)
Company Financials
Income Statement
Exchange rate used is that of the Year End
reported date
As Reported Annual Income Statement
Report Date 09/25/202
1
09/26/202
0
09/28/201
9
Currency USD USD USD
Audit Status Not
Qualified
Not
Qualified
Not
Qualified
Consolidated Yes Yes Yes
Scale Thousan
ds
Thousan
ds
Thousan
ds
Products 297392000 220747000 213883000
Services 68425000 53768000 46291000
Net sales $365,817,000 $274,515,000 $260,174,000
Cost of sales - products $192,266,000 $151,286,000 $144,996,000
Cost of sales - services $20,715,000 $18,273,000 $16,786,000
Cost of sales $212,981,000 $169,559,000 $161,782,000
Gross margin $152,836,000 $104,956,000 $98,392,000
Research & development expense $21,914,000 $18,752,000 $16,217,000
Selling, general & administrative expense $21,973,000 $19,916,000 $18,245,000
Total operating expenses $43,887,000 $38,668,000 $34,462,000
Operating income (loss) $108,949,000 $66,288,000 $63,930,000
Interest & dividend income $2,843,000 $3,763,000 $4,961,000
Interest expense $2,645,000 $2,873,000 $3,576,000
Other income (expense), net $60,000 -$87,000 $422,000
Other income/(expense), net $258,000 $803,000 $1,807,000
Income (loss) before provision for income taxes $109,207,000 $67,091,000 $65,737,000
Current federal income tax expense (benefit) $8,257,000 $6,306,000 $6,384,000
Deferred federal income tax expense (benefit) -$7,176,000 -$3,619,000 -$2,939,000
Total federal income tax expense (benefit) $1,081,000 $2,687,000 $3,445,000
Current state income tax expense (benefit) $1,620,000 $455,000 $475,000
Deferred state income tax expense (benefit) -$338,000 $21,000 -$67,000
Total state income tax expense (benefit) $1,282,000 $476,000 $408,000
Current foreign income tax expense (benefit) $9,424,000 $3,134,000 $3,962,000
Deferred foreign income tax expense (benefit) $2,740,000 $3,383,000 $2,666,000
Total foreign income tax expense (benefit) $12,164,000 $6,517,000 $6,628,000
Provision for (benefit from) income taxes $14,527,000 $9,680,000 $10,481,000
Net income (loss) $94,680,000 $57,411,000 $55,256,000
Weighted average shares outstanding - basic 16,701,272 17,352,119 18,471,336
Weighted average shares outstanding - diluted 16,864,919 17,528,214 18,595,652
Year end shares outstanding 16,426,786 16,976,763 17,772,944
Net earnings (loss) per share - basic $5.67 $3.31 $2.99
Net earnings (loss) per share - diluted $5.61 $3.28 $2.97
Cash dividends declared per share - $0.80 $0.75
Number of full time employees 154000 147000 137000
Number of common stockholders 23502 22797 23233
Foreign currency translation adjustments - 88000 -408000
Balance Sheet
Exchange rate used is that of the Year End
reported date
As Reported Annual Balance Sheet
Report Date 09/25/202
1
09/26/202
0
09/28/201
9
Currency USD USD USD
Audit Status Not
Qualified
Not
Qualified
Not
Qualified
Consolidated Yes Yes Yes
Scale Thousan
ds
Thousan
ds
Thousan
ds
Cash & cash equivalents $34,940.
Everyone can benefit from starting their own private equity bank. All that is needed is the ability to contribute monthly installments or a large lump sum coupled with monthly deposits. You can start your own bank for as little as a few hundred dollars a month. How simple is that?
What can you use your bank for?
Anything! You can purchase real estate, cars, vacations, college tuition, fund retirement, purchase investments, businesses, etc. Whatever your interest or needs are, the money is there for your convenience.
What are the benefits of being your own banker?
Simply put…financial independence.
You will no longer depend on financial institutions to borrow money or grow your wealth. You will never pay interest to a financial institution again. This is on your own terms!
Contact Kagan Financial for more information: 1.800.774.0945
Discover reported financial results for full year 2016 and 4Q16. Key highlights include:
- 2016 diluted EPS grew 12% to $5.77 driven by loan growth and lower expenses.
- 4Q16 diluted EPS increased 23% to $1.40 due to higher net interest income and lower expenses.
- Loan balances and credit card sales volumes increased year-over-year for both periods. However, provision for loan losses grew due to higher net charge-offs from loan growth and seasoning.
This document provides an analysis and stock recommendation for Credit Corp Group Limited (CCP). It summarizes CCP's most recent financial results, which confirm the momentum of the company's corporate turnaround. The analyst upgrades the price target for CCP stock to A$2.29 based on two potential drivers of excess returns: 1) CCP is positioned for a price-to-book valuation re-rating as its current valuation implies no value for its business franchise; and 2) continued earnings growth driven by increased staff productivity and harvesting older purchased debt ledgers. The analyst maintains a "Buy" recommendation on CCP stock.
This document contains an assignment submitted by Akershit Kumar Sharma to Professor Mushtaq Ahmed on April 7, 2013. It includes answers to various questions related to contribution format income statements segmented by territory and product line. The key details provided are contribution format income statements for a company's total sales, segmented by the northern and southern territories, and further segmented of the northern territory by its Paks and Tibs product lines. Analysis is also provided on performance of different territories and product lines.
This document compares the financial position of Coca Cola and Pepsi through ratio analysis. It provides balance sheet and profit and loss statements for both companies for the quarter ending June 27, 2014. It then calculates and compares various ratios between the two companies to analyze their profitability, liquidity, turnover, and solvency. Key ratios show Coca Cola has a higher return on investment and return on assets, while Pepsi has higher revenue, gross profit ratio, and current ratio. In conclusion, while Pepsi earns more profit, Coca Cola provides a better return on investment.
This document provides cost and revenue information for a proposed real estate development project. It includes a breakdown of acquisition costs totaling $74,155,266. It also provides projected annual gross rents totaling $7,877,537 for the first stabilized year. Estimated operating expenses are provided, resulting in a projected net operating income of -$683,066 for the first year. The document also includes calculations for tax payments, returns on investment, and a potential sale of the property in year 10 with a net cash to the seller of $247,533,050.
1. The document summarizes key topics from Chapter 3 including financial statements, cash flows, taxes, and valuation metrics.
2. It provides examples of income statements, balance sheets, and statements of cash flows for a company that experienced high growth in 2007.
3. Several analyses are presented including calculations of free cash flow, return on invested capital, economic value added, and market value added, indicating the company's growth destroyed value as returns fell below the cost of capital.
Presentation for the 2015 Spring Tennessee Judicial Conference for TN judges. An overview of the business valuation theory and detail of calculations and methods most commonly used in divorce cases involving closely-held businesses and professional practices. Lists the key items for judges to identify that impact the most common differences in opposing expert reports. Includes a discussion of personal and enterprise goodwill allowed and disallowed and allocation techniques through a review of key TN cases including Hazard, Witt, Eberting, Hartline and Barnes.
ChapterTool KitChapter 211/20/18Financial Statements, Cash Flow, and Taxes2-1 Financial Statements and ReportsThe annual report contains a verbal section plus four key statements: the balance sheet, income statement, statement of stockholders' equity, and statement of cash flows.Our spreadsheets use formulas rather than fixed numbers. For example, the cell for Total assets for the most recent year contains the Sum formula rather than just a fixed number. That way, if the data for any inputs (cash, for instance) change, the spreadsheet will automatically recalculate and provide the correct new value for Total assets.In financial modeling, it is helpful to users when input data is grouped together, so you should follow this practice in your own models, too.2-2 The Balance SheetINPUT DATA SECTION: Historical Data Used in the Analysis20192018Tax rate25%25%Weighted average cost of captal (WACC)11.50%11.50%Figure 2-1MicroDrive Inc. December 31 Balance SheetsOlder version in manuscript 4/20(Millions of Dollars)Assets20192018Assets20192018Cash and equivalents$100$110Cash and equivalents$100$102Short-term investments10182Short-term investments1040Accounts receivable500410Accounts receivable500384Inventories1,000830Inventories1,000774Total current assets$1,610$1,532Total current assets$1,610$1,300Net plant and equipment2,0001,780Net property, plant, and equipment (PP&E)2,0001,780Note: Net plant and equipment is equal to cumulative purchases of fixed assets less cumulative depreciation and cumulative disposed assets. Total assets$3,610$3,312Total assets$3,610$3,080Liabilities and EquityLiabilities and EquityAccounts payable$200$190Accounts payable$200$180Notes payable150100Notes payable15028Accruals400370Accruals400370Total current liabilities$750$660Total current liabilities$750$578Long-term bonds520500Long-term bonds520350Total liabilities$1,270$1,160Total liabilities$1,270$928Preferred stock (1,000,000 shares)100100Preferred stock (1,000,000 shares)100100Common stock (50,000,000 shares)500500Common stock (50,000,000 shares)500500Retained earnings1,7401,552Retained earnings1,7401,552Total common equity$2,240$2,052Total common equity$2,240$2,052Total liabilities and equity$3,610$3,312Total liabilities and equity$3,610$3,0802-2 The Income StatementFigure 2-2MicroDrive Income Statements (and Selected Additional Information) for Years Ending December 31(Millions, Except for Per Share Data)20192018Older version in manuscript 4/20Net sales$5,000$4,800Net sales50004680Costs of goods sold except depreciation3,9003,710Costs of goods sold except depreciation$3,900$3,618Depreciation and amortizationa200180Depreciation and amortizationa200180Other operating expenses500470Other operating expenses500470Earnings before interest and taxes (EBIT)$400$440Earnings before interest and taxes (EBIT)400412Less interest 6040Less interest $60$56Pre-tax earnings$340$400Pre-tax earnings340356Taxes85100Taxes$85$89Net Income before preferred dividends$255$300Net Income before ...
Similar to Financial HistorySTART HEREEnter data in the yellow cells only. Co.docx (20)
One of the most common used risk management tools is the Incident Re.docxAKHIL969626
One of the most common used risk management tools is the Incident Reporting.
More recently, incident Reporting system incorporated computer technology that will provide information like:
1. Major incident category.
2. Early identification of patterns and trends in the "how" and "why" of untoward events.
3. Code vulnerability inductors.
Discuss the potential benefits to use this technology. There is any Limitation for the system? Explain.
.
One of the first anthropologists to examine religion in Africa was E.docxAKHIL969626
Edward Evans-Pritchard was one of the first anthropologists to study religion in Africa in the early 1900s. He learned about the religious beliefs of the Azande people by studying them in the documentary "Strange Beliefs: Sir Edward Evans-Pritchard". The video shows that the Azande explain unfortunate events as being caused by witchcraft and sorcery, and conduct rituals to counter these influences.
One of the most important concepts in clinical practice and group wo.docxAKHIL969626
One of the most important concepts in clinical practice and group work is confidentiality. All members of the group sign an informed consent form in order to address the rules and parameters of the group sessions. The rules regarding confidentiality are stated in one section of the form. Although every member must sign this agreement, ensuring that all information shared in the group remains confidential can be difficult. As the group leader, the clinical social worker is responsible for developing strategies so that all members feel safe to share.
For this Discussion, review the “Working With Groups: Latino Patients Living With HIV/AIDS” case study.
By Day 3
Post
strategies you might prefer to use to ensure confidentiality in a treatment group for individuals living with HIV/AIDS. Describe how informed consent addresses confidentiality in a group setting. How does confidentiality in a group differ from confidentiality in individual counseling? Also, discuss how you would address a breach of confidentiality in the group.
Required Readings
Plummer, S.-B., Makris, S., & Brocksen, S. M. (Eds.). (2014).
Social work case studies: Concentration year
. Baltimore, MD: Laureate International Universities Publishing [Vital Source e-reader].
“Working With Groups: Latino Patients Living With HIV/AIDS” (pp. 39–41)
Toseland, R. W., & Rivas, R. F. (2017). An introduction to group work practice (8th ed.). Boston, MA: Pearson.
Chapter 11, “Task Groups: Foundation Methods” (pp. 336-363)
Chapter 12, “Task Groups: Specialized Methods” (pp. 364–395)
Himalhoch, S., Medoff, D. R., & Oyeniyi, G. (2007). Efficacy of group psychotherapy to reduce depressive symptoms among HIV-infected individuals: A systematic review and meta-analysis.
AIDS Patient Care and STDs,
21
(10), 732–739
Lasky, G. B., & Riva, M. T. (2006). Confidentiality and privileged communication in group psychotherapy.
International Journal of Group Psychotherapy
,
56
(4), 455–476.
Toseland, R. W., & Rivas, R. F. (2017).
An introduction to group work practice
(8th ed.). Boston, MA: Pearson.
Chapter 1, “Introduction” (pp. 1–42)
Chapter 2, “Historical and Theoretical Developments” (pp. 45–66)
Working With Groups:
Latino
Patients Living
WithHIV/AIDS
The support group discussed here was created to address the unique needs of a vulnerable population receiving services at an outpatient interdisciplinary comprehensive care center. The center’s mission was to provide medical and psychosocial services to adult patients living with HIV/AIDS (PLWH). Both patients and providers at the center expressed a need for a group to address the needs of the center’s Latino population. At the time the group was created, 36% of the center’s population identified as Latino, and 25% of this cohort identified Spanish as their primary language. The purpose of the group was twofold: 1) to reduce the social isolation felt by Latino patients at the center and 2) to create a culturally sensitive environm.
One function of a leader is to provide the vision for the organizati.docxAKHIL969626
One function of a leader is to provide the vision for the organization that they lead. Being a role model and leading the way forward are important aspects of leadership.
If you were leading an Internet retailer or another organization that involves innovative technology and organizational flexibility, describe the process that you would use to create a vision for the organization.
How would you get the employees involved in the vision?
Describe how the process would differ between an Internet retailer and a brick and mortar retailer.
.
One could argue that old-fashioned attitudes regarding gender and t.docxAKHIL969626
One could argue that old-fashioned attitudes regarding gender and "traditional" gender roles are becoming obsolete. In many parts of the world women head major corporations and hold high positions of power—positions historically seen as being of the male domain. In turn, many men freely choose to be "stay-at-home-dads" or enter professions that were once considered to be "feminine." Naturally, our contemporary views of gender and gender roles illustrate the social progress we have made as one human culture.
Yet, prehistoric and ancient works of art tell a different story—one that reinforces old-fashioned gender roles (and maybe for good reason). Prehistoric and ancient representations of gender illustrate the social norms of their periods. Naturally, these works of art were produced by people whose lives and values were quite different from ours. Yet, the views of gender presented by these works of art are, despite our contemporary sensibilities, are still very recognizable.
Write an essay that analyzes the representation of gender and gender roles as seen in
Woman of Willendorf
(prehistoric: c. 25,000–20,000 B.C.E.) and
Kouros
/
Statue of Standing Youth
(ancient Greece: c. 580 B.C.E.).
.
One of the hallmarks of qualitative research is writing detailed obs.docxAKHIL969626
One of the hallmarks of qualitative research is writing detailed observations when collecting data. For this assignment, take a notebook with you to a public setting where social interaction takes place (restaurant, public library, public park, shopping mall, airport, etc.). Observe for an hour, then write up your notes into a descriptive vignette, looking for patterns in events and actions.
Observe as though you are a stranger in a new country, trying to make sense of the action around you. Describe how things look, smell, sound, feel, etc. Be as descriptive as possible. Write up your observations into a vignette with the intention of having readers feel as though they are in the environment you choose to observe. Do not be shy to talk to people and ask what they are doing for more information.
REMEMBER to concentrate on observing the
context
only (NO PERSONAL OPINIONS)! This paper should be no longer than 3 pages double-spaced. There is going to be follow-up with this assignment in Module 8.
Assignment Specifics:
· Student will write a 3 double-spaced reflective paper.
· Citations from any of the required reading/presentations from the assigned module
· APA format
.
One of the three main tenants of information security is availabilit.docxAKHIL969626
One of the three main tenants of information security is availability. It is also one of the least thought about. Explain the importance of availability? Do you believe it should be more important than the other two tenants (confidentiality/integrity)? Why is it important to know the value of your data when it comes to availability?
Requirements:
Initial posting by Wednesday
Reply to at least 2 other classmates by Sunday (Post a response on different days throughout the week)
Provide a minimum of 3 references on the initial post and on any response posts.
Proper APA Format (References & Citations)/No plagiarism
.
One of the challenges in group problem solving is identifying the ac.docxAKHIL969626
This document discusses identifying the actual problem in group problem solving. It notes that groups often try to fix symptoms instead of the underlying problem. Readers are asked to review an attached scenario, identify the problem in a short statement, and explain why their identified problem is the root cause rather than a symptom.
One is the personal plot that unfolds around the relationships betwe.docxAKHIL969626
This document discusses the two main plots in Shakespeare's play Othello: the personal plot surrounding the relationships between the main characters, and the public plot of Venice's war with the Turks. It asks how these two plots intersect and overlap in terms of the main themes of the play, and points to a line from Act I, scene iii that suggests the Turkish ships may be just for show rather than a real threat, connecting the public and personal plots.
One and half pagesimple, noplagarism Title page, abstr.docxAKHIL969626
One and half page
simple, noplagarism
Title page, abstract, table of contents, list of figures, list of tables are all
not required
in the discussion forums. All other aspects of
APA (citations, list of references, correct spacing & formatting, etc.)
are
required to receive full credit
You must
engage
(not just agree, disagree, or repost you own posting) at least two of your classmates in the discussions each week to receive full credit
Each question should be researched and supported with some peer reviewed sources other than or in addition to your textbook
Discussion posts are assessed on a rubric with equal weight given to 5 assessable items: Comprehension, Timeliness, Engagement, Critical Thinking, and APA/Mechanics
Digital Forensics
There are three primary goals with digital forensics:
Collect electronically stored information in a sound, defensible manner,
Analyze the results of the collections, and
Present the findings either in formal legal proceedings or less formally to inform a client.
Electronic evidence can be short-lived and fragile. It needs to be collected in a defensible, methodological manner to preserve it accurately, and to withstand scrutiny in legal proceedings. (chain of custody)
Electronic evidence can be highly probative, both as it appears to users, and behind the scenes. There is a lot of information that a computer user never sees (e.g. metadata, logs, registry entries). This behind-the-scenes evidence may provide a wealth of information about who did what when and where. Forensic analysts are trained to preserve, collect and interpret this kind of evidence.
Some digital files can be recovered, even if a user has tried to delete them.
Locate a famous case where digital forensics played a role, and share it with the class. Discuss how digital forensics was critical in cracking the case. Examples are listed below, but
you can’t use them – find your own.
Famous cases cracked with digital forensics
Be it a text message, Google searches or GPS information, a person’s digital footprint can provide plenty of ammunition in the courtroom. Here are a few cases where digital forensics played a critical role in bringing about justice
.
1. The BTK Killer, Dennis Rader
Perhaps the most famous case to be solved through digital forensics is that of
the BTK Killer Dennis Rader
, with “BTK” referring to his MO of “bind, torture and kill.” Rader enjoyed taunting police during his killing sprees in Wichita, KS. But this also proved to be his fatal flaw. A floppy disk Rader sent to police revealed his true identity. He was soon arrested, pled guilty and was put behind bars for life, much to the relief of his long-terrorized community.
2. Dr. Conrad Murray’s lethal prescriptions
Another recent case solved with digital forensics was that of
Dr. Conrad Murray, personal physician of Michael Jackson
. Digital forensics played a crucial role in the trial. After Jackson passed away unexpectedly in 20.
One 750 - word essay exploring an art historical issue presented in .docxAKHIL969626
This 6-page document is a statement from the Combahee River Collective, a group of Black feminists. A student is asked to write a 750-word essay reacting to and adding their own thoughts on an art historical issue presented in the document. They should explore an issue from the class and discuss the Collective's statement while including some of their own analysis.
One of the most interesting items in the communication realm of orga.docxAKHIL969626
One of the most interesting items in the communication realm of organization management is the informal grapevine. The informal grapevine has the capacity to undermine the official communication function of a criminal justice organization.
Discuss what a grapevine is and the best methods to counteract it.
.
One of the most important filmmakers of the twentieth centur.docxAKHIL969626
One of the most important filmmakers of the twentieth century to release such popular films such as Ferris Bueller’s Day Off, and The Breakfast Club was someone by the name of John Hughes. Born February 18 in 1950, he sadly died 11 years ago due to a heart attack. Brought up in Michigan, John Hughes started off by creating jokes for already famous comedians. He then began to capture the interest of adolescents in the 1980’s with his work. Movies such as The Breakfast Club;Sixteen Candles;Ferris Bueller's Day Off;Plane, Trains, and Automobiles; and Home Alone gained a huge amount of popularity over time. These movies usually ended in a good way but not without a struggle along the way.
One of John Hughes most popular film’s, titled The Breakfast club takes place in a school library setting as the main 5 students are tasked with learning and understanding each other. Understanding their dislikes for teachers, parents, as well as going through the peer pressure of their respective social groups. This film highly resembles Hughes' work as it reaches toward the best of society with all different types of popular culture which explains why the movie takes place in a library, with the students surrounded by art, books, and statues.
Hughes was very well known as being the king of highschool movies. All of his work dealt with teenagers and the issues they dealt with. Ferris Bueller
Ferris Buellers was one of Hughes' first comedies, and it is the most original movie about high school that has ever been made. There wasn't a movie like it before it was made, and since many attempts have been made to recapture what Ferris Buellers brought to the table. Unfortunately, that is impossible. A big part of Ferris Bueller's magic was the originality of Hughes' vision. He looked at teenagers and high school life from a completely new perspective. Hughes created a world where everything worked out for the hero, and everyone can identify with that.
.
One of the ways businesses provide secure access to their networ.docxAKHIL969626
One of the ways businesses provide secure access to their network (or a subset of their network) to remote (or mobile) users is to use virtual private networks (VPNs). VPNs allow users to connect securely (over an encrypted link) to a network. For this discussion:
Define the term virtual private network
Discuss the goal(s) of a VPN
Describe different types of VPNs (hardware or software based)
Discuss how the use of a VPN may support BYOD (bring your own device)
List several commonly available (open source) VPNs
Describe best practices for using a VPN
300 Words NO Plagiarism
.
On Stretching Time (250 Words)The given paradigms by which we.docxAKHIL969626
On Stretching Time (250 Words)
“The given paradigms by which we are to understand and use academic freedom isolate utterances and individuals to insist that the contexts that matter are professional and institutional. But if we stretch time, the potent context of modern nationalism/settler colonialism becomes strongly palpable.”
Kandice Chuh argues that it is imperative for us to “stretch time”: to be able to place utterances and individuals in the academic context in the broader context of modern nationalism and settler colonialism. What is something someone can only understand about you by bringing in a larger context? Write that, and also the larger context needed to understand.
.
On the evening news, social media and even in conversation, do you f.docxAKHIL969626
On the evening news, social media and even in conversation, do you feel that noting where data and other vital information being shared came from could alleviate confusion, frustration and "gossip"? If so, where should we draw the line? Do you trust what others discuss with you? Or do you "fact check"?
.
On p. 98-99 of Music and Capitalism, Tim Taylor writes, The.docxAKHIL969626
On p. 98-99 of
Music and Capitalism,
Tim Taylor writes, “These and other Western star musicians employ other common discourses about the musicians with whom they worked and the musics they appropriated or collaborated with. The dominant ideology and discourse are that non-Western musics are a kind of natural resource that is available for the taking, though these acts of appropriation are frequently tempered by the Western star’s appearance alongside the non-Western musicians in publicity photographs, on recordings, and in liner notes.”
Review your notes from class about important words, or look these up as necessary: discourse, appropriation, collaboration, ideology
Then, write a response that does the following:
Explain: what does this quotation mean in your own words?
How does the
Graceland
example fit in with what Tim Taylor is talking about here
?
Think of another time that musicians with different power positions are part of a musical performance or recording (you can use one in the chapter, like
Buena Vista Social Club, Deep Forest,
“The Lion Sleeps Tonight,” “Return to Innocence,” “El Condor Pasa,” or
Talking Timbuktu
, or one not in the reading that interests you). Describe the relationship between the musicians, and argue whether you think the album/performance is appropriation, collaboration, sampling, or something else. If the artists have different positionalities in terms of race, gender, and/or country of origin, comment on the effect this has. Give your opinion on ethical questions raised in this particular situation.
Your response should be about 3-5 paragraphs (minimum 12 sentences) in length. For part c, you will need to reference and cite an additional source (i.e. web site, album, academic source, news article, etc.)
.
On 1 January 2016, the 17 Sustainable Development Goals (SDGs) o.docxAKHIL969626
On 1 January 2016, the 17 Sustainable Development Goals (SDGs) of the 2030 Agenda for Sustainable Development — adopted by world leaders in September 2015 at an historic UN Summit — officially came into force. These goals address every topic of concern we have discussed this semester. Over the coming decade, it's the hope of UN member nations (which includes the U.S.) that the SDGs will universally be applied to all, countries will mobilize efforts to end all forms of poverty, fight inequalities and tackle climate change, while ensuring that no one is left behind.
With the SDGs as your reference, answer these questions:
Are any of the 17goals from the UN website particularly unrealistic—describe, in detail, why you think so (or not).
Which of the 17 goals do you believe is the highest priority for the world and why? Cite specific examples from class content, discussions and assessments.
.
On September 11, 2001 the U.S. changed forever. While the U.S. had s.docxAKHIL969626
On September 11, 2001 the U.S. changed forever. While the U.S. had suffered attacks before, nothing to this scale and magnitude. The attacks were aimed at highly populated areas (NYC) and homes for the government and armed forces (Washington, D.C. and the Pentagon). The World Trade Centers were an ideal target for their height and location. For your own post, consider vulnerable populations. What constitutes vulnerability in populations living in disaster prone areas? Consider NYC, these attacks were neither the first nor the last attacks NYC has suffered. Why is NYC such a hub for terrorist attacks? Try considering other areas, other than NYC, and provide an example from a recent disaster. Unfortunately, there are many. You can discuss man-made disasters or natural disasters.
250 Words
.
On January 28, 1986, the Space Shuttle Challenger was destroyed upo.docxAKHIL969626
On January 28, 1986, the Space Shuttle Challenger was destroyed upon launch from Cape Canaveral, Florida killing all seven astronauts on board. Conduct a literature and an Internet search on the topics of the Challenger disaster and groupthink. Then, discuss how groupthink might have created decision-making problems for NASA and its booster contractor. Cite at least two sources in your answer.
250 words and list references
.
The simplified electron and muon model, Oscillating Spacetime: The Foundation...RitikBhardwaj56
Discover the Simplified Electron and Muon Model: A New Wave-Based Approach to Understanding Particles delves into a groundbreaking theory that presents electrons and muons as rotating soliton waves within oscillating spacetime. Geared towards students, researchers, and science buffs, this book breaks down complex ideas into simple explanations. It covers topics such as electron waves, temporal dynamics, and the implications of this model on particle physics. With clear illustrations and easy-to-follow explanations, readers will gain a new outlook on the universe's fundamental nature.
Assessment and Planning in Educational technology.pptxKavitha Krishnan
In an education system, it is understood that assessment is only for the students, but on the other hand, the Assessment of teachers is also an important aspect of the education system that ensures teachers are providing high-quality instruction to students. The assessment process can be used to provide feedback and support for professional development, to inform decisions about teacher retention or promotion, or to evaluate teacher effectiveness for accountability purposes.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
-------------------------------------------------------------------------------
Find out more about ISO training and certification services
Training: ISO/IEC 27001 Information Security Management System - EN | PECB
ISO/IEC 42001 Artificial Intelligence Management System - EN | PECB
General Data Protection Regulation (GDPR) - Training Courses - EN | PECB
Webinars: https://pecb.com/webinars
Article: https://pecb.com/article
-------------------------------------------------------------------------------
For more information about PECB:
Website: https://pecb.com/
LinkedIn: https://www.linkedin.com/company/pecb/
Facebook: https://www.facebook.com/PECBInternational/
Slideshare: http://www.slideshare.net/PECBCERTIFICATION
A Strategic Approach: GenAI in EducationPeter Windle
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.
Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
Financial HistorySTART HEREEnter data in the yellow cells only. Co.docx
1. Financial HistorySTART HEREEnter data in the yellow cells
only. Comments to help you are in blue or red font. Take one
row at a time.CURRENCY:USD<-- This is the organization's
home or functional currency. E.g., USD, INR (Indian Rupee),
BRL (Brazilian Real), EUR (Euro), CNY (Chinese Yuan).
Information is found on financial statements.SCALING:
x1,000<-- Local currency units: Could be 1 (so 1 means 1),
1000 (so 1 = 1,000), or 1,000,000 (so 1 = 1.0 million). Usually
1000 is used. Information is found on financial
statements.Starbucks Corporation<-- Any financial report
should show the name of the organization in the
heading.INCOME STATEMENT HIGHLIGHTS<-- Always
identify the type of report.Unaudited; Amounts USD x 1000<--
The currency and scaling needs to be defined.For Fiscal Years
endedOctober[Day]<-- An organization's fiscal year might end
on Dec 31, or June 30, or something else. State it here.%
Growth vs Prior Year20162015201420162015<-- Replace
leftmost year number (Cell C9) with most recent year of data
available.TOTAL REVENUE$ 21,315,900.0$ 19,162,700.0$
16,447,800.011.2%16.5%Cost of Goods Sold$ 8,511,100.0$
7,787,500.0$ 6,858,800.09.3%13.5%Gross Profit or (Loss)$
12,804,800.0$ 11,375,200.0$ 9,589,000.012.6%18.6%Other
Operating Expenses$ 8,632,900.0$ 7,774,200.0$
6,507,900.011.0%19.5%OPERATING INCOME$ 4,171,900.0$
3,601,000.0$ 3,081,100.015.9%16.9%Interest Income or
(Expense), Net$ 108,000.0$ 372,500.0$ 142,700.0-
71.0%161.0%<--Be sure to enter interest income as a positive
number; interest expense as a negative number.Other Income or
(Expense), Net$ (81,300.0)$ (70,500.0)$ (64,100.0)-15.3%-
10.0%<--Be sure to enter other income as a positive number,
other expense as a negative number.Income before Tax
Provision$ 4,198,600.0$ 3,903,000.0$
3,159,700.07.6%23.5%Provision for Income Taxes$
1,511,496.0$ 1,143,700.0$ 1,092,000.032.2%4.7%Net
2. Income or (Loss) from Continuing Operations$ 2,687,104.0$
2,759,300.0$ 2,067,700.0-2.6%33.4%<--FYI, most analysts
consider this better than total Net Income as an indicator of
underlying business performance.Discontinued Operations
Income (Loss), Net$ - 0$ - 0$ - 00.0%0.0%<--Typically,
from shutting down or selling part of the business.NET
INCOME OR (LOSS)$ 2,687,104.0$ 2,759,300.0$
2,067,700.0-2.6%33.4%<--Confirm this matches what is listed
on the financial statement you downloaded.Average Diluted
Shares Outstanding$ 1,900,000.0$ 1,820,000.0$
1,350,000.04.4%34.8%<--Make sure this value is scaled the
same way as the other numbers (thousands or
millions).DILUTED EARNINGS OR (LOSS) PER SHARE$
1.41$ 1.52$ 1.53-6.7%-1.0%Net Income Margin
%12.6%14.4%12.6%<--Net income or Loss / Total Revenue.
Typical values are 2% to 20%, but it can be negative,
too.Common Stock Share Price at each Year-End$ 55.52$
60.03$ 41.03-7.5%46.3%<--Mergent Online instructions
include how to find historical stock prices. Go back four years
because you will need fourth year for Line 123.Total Equity
Value (= share price x shares)$ 105,488,000.0$
109,254,600.0$ 55,390,500.0<--Better to use end-of-year
shares outstanding, but this figure is close enough for this
course.Price / Earnings Ratio (P/E)39.2639.6026.79-
0.9%47.8%<--Market price at the end of the year divided by
that year's earnings per share. Typical values are 10 to
30.Source: [Title (May 20th). Retrieved from
https://www.sec.gov/Archives/edgar/data/829224/000082922416
000083/sbux-
1022016x10xk.htm#sA81B26E970E8EBC307543265204EBB47
<--Include APA citation for where you found the financial
statement data.Starbucks CorporationCASH FLOW
STATEMENT HIGHLIGHTSUnaudited; Amounts USD x
1000For Fiscal Years ended October [Day]% Growth vs Prior
Year20162015201420162015Net Income or (Loss), from
Above$ 2,687,104.00$ 2,759,300.00$ 2,067,700.00-
3. 2.6%33.4%Depreciation and Amortization Expense$
1,030,100.00$ 933,800.00$ 748,400.0010.3%24.8%<--This is
a noncash expense, so we add it back to net income here.Other
Operating Sources and (Uses)$ 857,896.00$ 56,000.00$
(2,208,300.00)1432.0%102.5%<--These are working capital
changes and other adjustments.Cash Flow from Operating
Activities$ 4,575,100.00$ 3,749,100.00$
607,800.0022.0%516.8%<--By entering the total here, the row
above will be automatically calculated.(Capital Expenditures,
Net of Disposals)$ (2,247,800.00)$ (1,242,800.00)$
(798,600.00)-80.9%-55.6%<-- This is normally a negative
number.Other Investing Activities$ 24,900.00$ (277,500.00)$
(19,100.00)109.0%-1352.9%<-- This is normally a negative
number.Cash Flow from Investing Activities$ (2,222,900.00)$
(1,520,300.00)$ (817,700.00)-46.2%-85.9%<-- This is
normally a negative number.Increase or (Decrease) in Debt$
1,254,500.00$ 238,400.00$ 748,500.00426.2%-68.1%<--
Borrowing money is a source of cash; repaying it is a use of
cash.(Dividend Payments)$ (3,012,900.00)$ (2,533,100.00)$
(1,402,000.00)-18.9%-80.7%<-- Dividend payments should
normally be a negative number, because they are a cash
outflow.Other Financing Activities$ (114,400.00)$
(93,600.00)$ (84,200.00)-22.2%-11.2%Cash Flow from
Financing Activities$ (1,872,800.00)$ (2,388,300.00)$
(737,700.00)21.6%-223.7%Cumulative Translation Adjustment$
- 0$ - 0$ - 00.0%0.0%<--Don't try to understand what this
number means at this time. It is applicable to most
multicurrency organizations.NET CASH FLOW$ 479,400.00$
(159,500.00)$ (947,600.00)400.6%83.2%<--Confirm this
matches what is listed on the financial statement you
downloaded.Memo: Free Cash Flow$ 2,327,300.00$
2,506,300.00$ (190,800.00)-7.1%1413.6%<--Usually defined
as Cash Flow from Operating Actitivies less Capital
Expenditures. Note: If the latter is a negative number, then the
formula is Op Cash Flow + Cap Exp, e.g., 1,000 + -100 = 900.
Free Cash Flow must be less than Operating Cash Flow.Source:
4. [Title (May 20th). Retrieved from
https://www.sec.gov/Archives/edgar/data/829224/000082922416
000083/sbux-
1022016x10xk.htm#sA81B26E970E8EBC307543265204EBB47
Starbucks CorporationBALANCE SHEET
HIGHLIGHTSUnaudited; Amounts USD x 1000For Fiscal Years
ended October [Day]% Growth vs Prior
Year20162015201420162015Current AssetsCash and
Marketable Securities$ 2,128,800.00$ 1,530,100.00$
1,708,400.0039.1%-10.4%Accounts Receivable, Net$
768,800.00$ 719,000.00$ 948,400.006.9%-24.2%<--These
amounts are for invoices the organization has sent to clients,
but that they have not yet paid.All Other Current Assets$
1,862,900.00$ 1,721,900.00$ 1,511,900.008.2%13.9%Total
Current Assets$ 4,760,500.00$ 3,971,000.00$
4,168,700.0019.9%-4.7%<--Enter total current assets values,
and the spreadsheet will calculate "other current assets."Non-
current AssetsProperty, Plant and Equipment, Net$
4,533,800.00$ 4,088,300.00$ 3,519,000.0010.9%16.2%<--
These are for PP&E net of accumulated depreciation.Goodwill
and Other Intangible Assets$ 1,719,600.00$ 1,575,400.00$
856,200.009.2%84.0%<--Includes intellectual property (IP),
such as patents and acquired technology.Other Non-current
Assets$ 3,315,600.00$ 2,781,600.00$
2,209,000.0019.2%25.9%Total Non-current Assets$
9,569,000.00$ 8,445,300.00$
6,584,200.0013.3%28.3%TOTAL ASSETS$ 14,329,500.00$
12,416,300.00$ 10,752,900.0015.4%15.5%<--Enter Total
Assets, and the spreadsheet will calculate Total Noncurrent
Assets and Other Noncurrent Assets.Current LiabilitiesAccounts
Payable, Net$ 2,975,700.00$ 2,664,300.00$
2,244,200.0011.7%18.7%<--These are for bills the organization
has received but not yet paid.Other Current Liabilities$
1,571,200.00$ 983,800.00$ 794,500.0059.7%23.8%Total
Current Liabilities$ 4,546,900.00$ 3,648,100.00$
3,038,700.0024.6%20.1%Non-current LiabilitiesLong-term
5. Debt$ 3,202,200.00$ 2,347,500.00$
2,048,300.0036.4%14.6%Other Non-current Assets$
696,400.00$ 602,700.00$ 393,900.0015.5%53.0%Total Non-
current Liabilities$ 3,898,600.00$ 2,950,200.00$
2,442,200.0032.1%20.8%TOTAL LIABILITIES$
8,445,500.00$ 6,598,300.00$
5,480,900.0028.0%20.4%SHAREOWNERS' EQUITYCommon
Stock, at par$ 1,500.00$ 1,500.00$ 700.00Additional Paid-
in Capital$ 41,100.00$ 41,100.00$ 38,400.00Retained
Earnings$ 5,949,800.00$ 5,974,800.00$ 5,206,600.00CTA
and Other$ (108,400.00)$ (199,400.00)$ 26,300.00TOTAL
SHAREOWNERS' EQUITY$ 5,884,000.00$ 5,818,000.00$
5,272,000.00<--By definition, shareowners' equity equals total
assets minus total liabilities. Confirm this matches what is
listed on the financial statement you downloaded.Source: [Title
(May 20th). Retrieved from
https://www.sec.gov/Archives/edgar/data/829224/000082922416
000083/sbux-
1022016x10xk.htm#sA81B26E970E8EBC307543265204EBB47
Starbucks CorporationSELECTED FINANCIAL
RATIOSUnaudited; Amounts USD x 1000For Fiscal Years
ended October [Day]% Growth vs Prior
Year20162015201420162015FINANCIAL RATIOSPrice /
Earnings Ratio39.339.339.30.0%0.0%<--Price per Share /
Earnings per Share. Typical values are 10 to 40.Debt / Equity
Ratio1.41.41.40.0%0.0%<--Total Liabilities / Total
Shareowners' Equity. Typical values are 0.2 to 0.6.Return on
Equity (ROE) %45.7%45.7%45.7%0.0%0.0%<--Net Income /
Total Shareowners' Equity. Typical values are 2% to
40%.Return on Assets (ROA) %18.8%18.8%18.8%0.0%0.0%<--
Net Income / Total Assets. Typical values are 2% to 40%.
Almost always LOWER than ROE.Net Profit Margin
%12.6%12.6%12.6%0.0%0.0%<--Net Income / Total Revenue.
Typical values are 1% to 15%.Free Cash Flow$ 2,327,300.00$
2,327,300.00$ 2,327,300.000.0%0.0%<--Net Cash Flow minus
Capital Expenditures. Value is almost always LESS THAN net
6. cash flow.OTHER USEFUL RATIOSEarnings per Share or
EPS$ 1.4143$ 1.4143$ 1.41430.0%0.0%<--Net Income /
Diluted Shares Outstanding. Typical values are $1.00 to $10.00.
May also be negative.Current Ratio1.01.01.00.0%0.0%<--
Current Assets / Current Liabilities. Typical values are 0.7 to
1.5.Days Sales Outstanding (DSO)1313130.0%0.0%<--
(Accounts Receivable / Total Revenue) x 365. Typical values
are 5-120. Lower is better.COMMON STOCK PRICEAdjusted
Close Price on or near October [Day]$ 55.52$ 60.03$ 41.03-
7.5%46.3%<-- Usually, somewhere between a few dollars and a
couple of hundred dollars per share.RATE OF RETURN
CALCULATIONS2013201420152016Pct Change<--Need fiscal
end-of-year information for four years to calculate three-year
percentage change.Adjusted Close Price at fiscal End of Year
(EOY)$ 78.39$ 55.52-29.2%<--For this, ROR% = ($End -
$Beg) / $Beg. More precisely, you would add dividends
received to the $End value.Annual Dividends per Share$
(1.5857)$ (1.5857)$ (1.5857)<--Approximate dividends/share
are calculated here, but you may want to override those with
disclosed div/share figures.If you buy 1 share at end of fiscal
78.39, collect dividends, then sell at end of fiscal 2016, your 3-
year percent gain would be:-35.2%<--Not required here, but a
more complete measurement.BUT WHAT IF WE VIEW THIS
AS A TIME VALUE OF MONEY QUESTION?Investor's
Annual Cash Flow for 1 Share$ (78.39)
C. Jeffrey Smith: This is negative because we're assuming you
pay this out to buy your 1 share of stock.$ (1.59)$ (1.59)$
53.93<--For an investor who buys 1 share at beginning, collects
dividends, then sells at end of third year.Solve for the annual
Internal Rate of Return or IRR, with N=3 Yrs-13.1%
C. Jeffrey Smith: This will always be LESS THAN 1/3 of the
total 3-yr Percent Change figures above. Why? Because of
COMPOUNDING.<--This IRR is the best overall measure of
this stock's performance over the time period.Source: [Title
7. (May 20th). Retrieved from
https://www.sec.gov/Archives/edgar/data/829224/000082922416
000083/sbux-
1022016x10xk.htm#sA81B26E970E8EBC307543265204EBB47
&F Printed &D Page &P of &N
Capital StructureThis tab is used to calculate Weighted Average
Cost of Capital (WACC). Enter data in the yellow cells only.
Comments to help you are indicated by a red triangle in the top
right corner of cell; hover over the cell to review. Enter
Company Full Name:Starbucks CorporationEnter Fiscal
Year:2016Starbucks CorporationCAPITAL STRUCTUREFor
End of Fiscal Year 2016Unaudited; Amounts USD x
1000SIMPLE METHODTEXTBOOK METHODCapital Funding
Amount
C. Jeffrey Smith: C. Jeffrey Smith:
All of the funds the organization has received from banks,
bond-buyers, stockholders, and other investors.Cost of Capital:
Estimated % Return Req'd by InvestorsCorporate Marginal Tax
Rate %
C. Jeffrey Smith: C. Jeffrey Smith:
Always 0% for stock and retained earnings; may be 0% - 50%
for debt and leases.1 - Corp Tax Rate% Cost of Capital, After
Tax Savings
C. Jeffrey Smith: C. Jeffrey Smith:
Equals Column D times column F.$ Cost of Capital per Year
(Column C x Coumn G)Wgt x Cost% of TotalDebt: Bank
Loans$ 750,000,000.02.1%32.9%67.1%1.4%$
10,574,550.00.5%33.2%Debt:
Bonds500,000,000.02.5%32.9%67.1%1.6%8,224,650.00.4%22.2
%Debt: Commercial
Paper1,000,000,000.00.0%32.9%67.1%0.0%- 00.0%44.3%Debt:
Other or Unidentified- 00.0%32.9%67.1%0.0%-
8. 00.0%0.0%Leases (a form of
Debt)1,223,200.00.0%32.9%67.1%0.0%- 00.0%0.1%Preferred
Stock (if any)- 00.0%0.0%100.0%0.0%- 00.0%0.0%Common
Stock: At Par1,500.00.0%0.0%100.0%0.0%-
00.0%0.0%Common Stock: Add'l Paid-in
Capital41,100.00.0%0.0%100.0%0.0%- 00.0%0.0%Retained
Earnings5,949,800.00.0%0.0%100.0%0.0%- 00.0%0.3%[Other]-
00.0%0.0%100.0%0.0%- 00.0%0.0%TOTAL$
2,257,215,600.0?$ 18,799,200.00.8%100.0%
C. Jeffrey Smith: C. Jeffrey Smith:
The % of Total should always add up to 100.0%. If not, you've
done something wrong.
C. Jeffrey Smith: C. Jeffrey Smith:
Equals Column D times column F.WEIGHTED AVERAGE
COST OF CAPITAL:WACC = [$ Total Annual Cost of Capital]
/ [$ Total Capital Funding] =$18799200 /
$2257215600=0.8%TOTAL DEBT AND EQUITYAmountPct of
TotalTotal Debt, incl. Leases & Preferred
Stock2,251,223,200.099.7%So Debt/Equity Ratio = 375.7Total
Equity, incl "Other"5,992,400.00.3%And Debt/Total Capital
Ratio =1.0TOTAL$ 2,257,215,600.0100.0%NOTES:a)The
Corporate Marginal Tax Rate only affects debt and leases. For
businesses, it is usually between 0% and 50%. For nonprofits
and goverments, it is always 0%.b)Leases are a form of
debt.c)The % annual cost of debt is always less than the %
annual cost of equity.d)Retained Earnings are basically common
stock dividends that have not been paid out. Retained earnings
therefore have the same required rate of return as common
stock.e)The organization's treasurer should be the best source
for all of this information.HOW TO ESTIMATE REQUIRED
RATE OF RETURN FOR COMMON STOCKDividend Growth
Model:($Dividend / $Current Price) + Expected % Dividend
Growth Rate<-- Only works if constant future growth is
expected.Example:($1.50 / $20.00) + 6.5% = 0.075 + 0.065 =
9. 0.140 = 14.0%Intrinsic Value MethodThe internal rate of return
(IRR) of the future cash flows investors expect to receive. Use a
spreadsheet IRR function to calculate.Industry
AveragesEvaluate reasonable estimates for industry averages or
for other organizations with similar risk. Not easy, by the way.
&8&F &A &8Printed &D &8Page &P of &N
ValuationThis tab is used for the corporate valuation report
(Final Project I). Enter data in the yellow cells only.
CURRENCY:USD<-- Probably U.S. dollars, or perhaps another
(e.g., euros or pesos). We will use U.S. dollars.SCALING:
x1,000<-- Could be x1 (such as just dollars), x1000 (meaning
amounts in Thousands), or Millions (meaning amounts in
millions). We will use x1000.Starbucks Corporation -
COMPANY VALUATION(Unaudited; USD 1000)Fiscal Year --
>20162017201820192020202120222023202420252026TotalRE
VENUE21,315,90021,315,90021,315,90021,315,90021,315,900
21,315,90021,315,90021,315,90021,315,90021,315,90021,315,9
00234,474,900Growth Rate vs Prior
Year11.2%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%To
tal Operating
Expenses17,144,00017,144,00017,144,00017,144,00017,144,00
017,144,00017,144,00017,144,00017,144,00017,144,00017,144,
000188,584,000OP INCOME OR
(LOSS)4,171,9004,171,9004,171,9004,171,9004,171,9004,171,9
004,171,9004,171,9004,171,9004,171,9004,171,90045,890,900
Operating
Margin19.6%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Interest & Other Income
(Exp)26,700000000000026,700PRETAX INCOME OR
(LOSS)4,198,6004,171,9004,171,9004,171,9004,171,9004,171,9
004,171,9004,171,9004,171,9004,171,9004,171,900Tax
Provision1,511,4961,501,8841,501,8841,501,8841,501,8841,501
,8841,501,8841,501,8841,501,8841,501,8841,501,88416,530,33
6Discont'd Ops Income (Loss)000000000000NET INCOME OR
(LOSS)2,687,1042,670,0162,670,0162,670,0162,670,0162,670,0
10. 162,670,0162,670,0162,670,0162,670,0162,670,01629,387,264
Diluted Avg
Shares1,900,0001,900,0001,900,0001,900,0001,900,0001,900,0
001,900,0001,900,0001,900,0001,900,0001,900,000DILUTED
EPS$ 1.41$ 1.41$ 1.41$ 1.41$ 1.41$ 1.41$ 1.41$
1.41$ 1.41$ 1.41$ 1.41$ 15.47Net Income or (Loss), from
Above2,687,1042,670,0162,670,0162,670,0162,670,0162,670,01
62,670,0162,670,0162,670,0162,670,0162,670,01629,387,264De
prec'n & Amortiz'n
Expense1,030,1001,030,1001,030,1001,030,1001,030,1001,030,
1001,030,1001,030,1001,030,1001,030,1001,030,10011,331,100
Other Op Sources &
(Uses)857,896857,896857,896857,896857,896857,896857,8968
57,896857,896857,896857,8969,436,856Cash Flow from Op
Activities4,575,1004,558,0124,558,0124,558,0124,558,0124,55
8,0124,558,0124,558,0124,558,0124,558,0124,558,01250,155,2
20(Capital Expenditures, Net of
Disposals)(2,247,800)(2,247,800)(2,247,800)(2,247,800)(2,247,
800)(2,247,800)(2,247,800)(2,247,800)(2,247,800)(2,247,800)(2
,247,800)(24,725,800)Other Investing
Activities24,90024,90024,90024,90024,90024,90024,90024,900
24,90024,90024,900273,900Cash Flow from Invest'g
Activities(2,222,900)(2,222,900)(2,222,900)(2,222,900)(2,222,9
00)(2,222,900)(2,222,900)(2,222,900)(2,222,900)(2,222,900)(2,
222,900)(24,451,900)Increase or (Decrease) in
Debt1,254,50000000000001,254,500(Dividend
Payments)(3,012,900)(2,993,740)(2,993,740)(2,993,740)(2,993,
740)(2,993,740)(2,993,740)(2,993,740)(2,993,740)(2,993,740)(2
,993,740)(32,950,302)Other Financing
Activities(114,400)0000000000(114,400)Cash Flow from
Financ'g
Activities(1,872,800)(2,993,740)(2,993,740)(2,993,740)(2,993,7
40)(2,993,740)(2,993,740)(2,993,740)(2,993,740)(2,993,740)(2,
993,740)(31,810,202)Cumulative Translation
Adjustment000000000000NET CASH
FLOW479,400(658,628)(658,628)(658,628)(658,628)(658,628)(
11. 658,628)(658,628)(658,628)(658,628)(658,628)(6,106,882)Mem
o: Free Cash
Flow2,327,3002,310,2122,310,2122,310,2122,310,2122,310,212
2,310,2122,310,2122,310,2122,310,2122,310,21225,429,420VA
LUATION CALCULATIONSNET CASH FLOW
"NCF"479,400(658,628)(658,628)(658,628)(658,628)(658,628)(
658,628)(658,628)(658,628)(658,628)(658,628)(6,106,882)For
the project analysis, we EXCLUDE the funding proceeds &
repayment.NET PRESENT VALUE OF FUTURE CASH
FLOWSNPV@5.0%$(5,085,752)For low-risk companies. The
value here is what you would be willing to pay to buy the
company under these assumptions.NPV@10.0%$(4,046,985)For
medium-risk companies. The value here is what you would be
willing to pay to buy the company under these
assumptions.NPV@18.0%$(2,959,932)For high-risk companies.
The value here is what you would be willing to pay to buy the
company under these assumptions.If you had bought the whole
company at the end of fiscal 2016 for its actual market value of
--->$105,488,000(From Financial History worksheet)Net Cash
Flow w/
Investment(105,488,000)(658,628)(658,628)(658,628)(658,628)
(658,628)(658,628)(658,628)(658,628)(658,628)(658,628)(112,0
74,282)Cumulative
NCF(105,488,000)(106,146,628)(106,805,256)(107,463,885)(10
8,122,513)(108,781,141)(109,439,769)(110,098,397)(110,757,0
25)(111,415,654)(112,074,282)CF/Mth for Payback
Calc0.000.000.000.000.000.000.000.000.000.000.00Cash Flow
Payback Period11.00YearsAfter that many years, the cumulative
cash flow turns positive. (It could turn negative again in one or
more future years.)If cumulative NCF has more than 1 change
from - to +, payback period may be wrong.Internal Rate of
ReturnERROR:#NUM!IRRAt this discount rate R, the NPV will
equal $0. IRR is a bit dangerous, because there can be more
than one solution.MODIFIED INTERNAL RATE OF RETURN
(MIRR)Financing Rate0.0%<-- This is the assumed cost to
obtain financing. It could be the firm's cost of
12. equity.Reinivestment RateERROR:#NUM!<-- This is the
assumed rate of return you would earn on excess funds. It might
or might not equal the IRR from
above.MIRRERROR:#NUM!MIRRECONOMIC VALUE
ADDED (EVA), ALSO CALLED ECONOMIC PROFITNet
Income (from
above)2,687,1042,670,0162,670,0162,670,0162,670,0162,670,0
162,670,0162,670,0162,670,0162,670,0162,670,01629,387,264I
nvested Capital2,400From Financial History: Common Stock, at
Par + Additional Paid-in Capital =$1,500+$
900.00WACC0.8%From Capital Structure
spreadsheetEVA2,687,0842,669,9962,669,9962,669,9962,669,99
62,669,9962,669,9962,669,9962,669,9962,669,9962,669,99629,
387,044EVA = Net Income - (Invested Capital x
WACC)NOTES:Projections of future cash flows are always
uncertain; consider doing several scenarios of cash flows, such
as most likely, best case,and worst case.You should use a low
discount rate to calculate NPV for low-risk projects such as
replacing equipment; perhaps 5%. Use a higher rate, such
as10%, for medium-risk projects, and use a higher rate of, say,
15% or 20% for the riskiest projects. Ask the company
treasurer.The formula for calculating EVA is: Net Operating
Profit After Taxes (NOPAT) - Invested Capital * Weighted
Average Cost of Capital (WACC)
&8&F &A &8Printed &D &8Page &P of &N
Optional - TVM HelpTime Value of Money (TVM) - Simple
CalculatorsEnter known values in YELLOW cells.Answers will
be in GREEN cells.GENERAL RULES AND DEFINITIONS-
Show cash you give to someone else (e. g., your bank), or
outflows, as negative numbers; and show cash you receive, or
inflows, as positive numbers.-Be clear and consistent about time
periods: Are you doing everything in years, months, or some
other intervals?PVPresent Value. What is happening today, or
what something is worth today.NNumber of Periods. The
number of years or months, or even weeks or days, you are
13. looking at.RRate of Return; or interest rate (sometimes labeled
"i" instead of "r"). This is also the "compounding rate" (when
going from the present to the future) or the"discount rate"
(when going from the future to the past). e.g., 7.5% annual
rate. Remember 7.5% is same as 0.075.PMTAnnuity or
Amortization Payment. Sometimes you are looking at a periodic
loan repayment or a periodic savings or investing
amount.TYPETVM Type. Whether compounding or discounting
is applied at the end of each period, as usually occurs with your
savings accounts (usually "Type = 0"); orwhether compounding
or discounting is applied at the beginning of each period, as is
common with loans ("Type = 1").GENERAL STEPS TO SOLVE
TVM PROBLEMS1aMethodology: Understand the question,
identify the relevant information, and, if required, make
appropriate assumptions.1bMethodology: Draw a timeline and
write down the values for the items you know. Show the units
and be consistent. e.g., if periods (N) are in months,say so, and
make sure your rate of return R is also in months. Don't write
"PV=$1 million" and then "FV="$1,200,000."2Calculation:
Enter the known TVM values and calculate the unknown, using
either the appropriate table below, a hand calculator, an
onlineTVM calculator site, a TVM smartphone app, or your own
Excel or OpenOffice or Google Docs
spreadsheet.3Interpretation: Do a "does this all make sense?"
check. If not, redo. Interpret your final answer. What does it
mean? Why does it make sense?4Communication: Explain the
question, your methodology, and your answer clearly, as if you
are trying to convince your boss!TO CALCULATE THE
FUTURE VALUE OF A PRESENT AMOUNTFormula: FV = PV
(1 + R)^NExample: You deposit money in a bank account, or
invest it by buying a share of stock, and want to know what it
might grow to.PVNRPMTTYPEFVAnnual CompoundingType:
Beginning of Period$ (1,000.00)3.05.00%$ -
01$1,157.63Type: End of Period$ (1,000.00)3.05.00%$ -
00$1,157.63Monthly CompoundingType: Beginning of Period$
(1,000.00)360.4167%$ - 01$1,161.47Type: End of Period$
14. (1,000.00)360.4167%$ - 00$1,161.47TO CALCULATE THE
PRESENT VALUE OF FUTURE AMOUNTFormula: PV = FV /
(1 + R)^NExample: How much should you put aside today to
have a specified amount in the future, assuming N periods and R
rate of return?PVNRPMTTYPEFVAnnual DiscountingType:
Beginning of Period$ (500.16)14.25.00%$ -
01$1,000.00Type: End of Period$ (500.16)14.25.00%$ -
00$1,000.00Monthly DiscountingType: Beginning of Period$
(492.37)170.40.4167%$ - 01$1,000.00Type: End of Period$
(492.37)170.40.4167%$ - 00$1,000.00TO CALCULATE THE
NUMBER OF PERIODSExample: How long will it take to
double your money?PVNRPMTTYPEFVAnnual
CompoundingType: Beginning of Period$
(1,000.00)15.25.00%$ - 01$2,000.00Type: End of Period$
(1,000.00)14.25.00%$ - 00$2,000.00Monthly
CompoundingType: Beginning of Period$
(1,000.00)167.70.4167%$ - 01$2,000.00Type: End of Period$
(1,000.00)166.70.4167%$ - 00$2,000.00TO CALCULATE
THE RATE OF RETURNExample: What rate of return do I need
to pay for my kids' college if I save $X each
year?PVNRPMTTYPEFVAnnual CompoundingType: Beginning
of Period$ - 08.09.00%$ (1,455.78)1$17,500.00Type: End of
Period$ - 08.011.37%$ (1,455.78)0$17,500.00Monthly
CompoundingType: Beginning of Period$ - 0960.7935%$
(121.32)1$17,500.00Type: End of Period$ - 0960.8084%$
(121.32)0$17,500.00TO CALCULATE PERIODIC LOAN OR
SAVINGS PAYMENTSExample: What will my car loan
payments be? PVNRPMTTYPEFVAnnual CompoundingType:
Beginning of Period$ -
08.09.00%($1,455.78)1$17,500.00Type: End of Period$ -
08.09.00%$ (1,586.80)0$17,500.00Monthly
CompoundingType: Beginning of Period$ - 0960.7500%$
(124.20)1$17,500.00Type: End of Period$ - 0960.7500%$
(125.13)0$17,500.00NOTE: TOTAL PAYMENTSOF THE
GRAND TOTAL PMTSOF THE PERIODIC PAYMENTS
ABOVE:PER YEARGRAND
15. TOTALPRINCIPALINTERESTAnnual CompoundingType:
Beginning of Period$ (1,455.78)($11,646.25)$ -
0($11,646.25)Type: End of Period$ (1,586.80)$ (12,694.41)$
- 0$ (12,694.41)Monthly CompoundingType: Beginning of
Period$ (1,490.36)$ (11,922.92)$ - 0$ (11,922.92)Type:
End of Period$ (1,501.54)$ (12,012.34)$ - 0$
(12,012.34)TO CALCULATE NET PRESENT VALUE
(NPV)Example: What is the value today of a series of future
cash flows?NOTE: Extend timeline for however many periods
you need -->Timeline Periods -->012345678TOTALCOSTS
(Negative)Initial Investment, if any$ (5,000)$ -$ -$ -$ -$
-$ -$ -$ -$ (5,000)Regular operating
costs(100)(100)(100)(100)(100)(100)(100)(100)(800)Ending
shutdown or cleanup costs---------Opportunity
cost(25)(25)(25)(25)(25)(25)(25)(25)(200)Cannibalization (if
any)(10)(12)(15)(15)(15)(15)(15)(15)(112)Other costs (excl
sunk costs)---------BENEFITS (Positive)New sales
revenue503005006006006006007003,950Add'l sales of existing
stuff---------Cost savings51010101010101075Other incremental
benefits---------TOTALNET CASH FLOW$ (5,000)$ (80)$
173$ 370$ 470$ 470$ 470$ 470$ 570-2087For
R=10.00%NPV($2,970)Note: "R" should be the risk-adjusted
required rate of return for an investment of this estimated level
of risk. It is usually between 3.0% and 20%.Note: Projections of
future cash flows are almost always highly uncertain. Consider
different scenarios, such as most likely, best case, and worst
case.
&8&F &8Printed &D &8Page &P of &N
Sheet1Month ->123456789101112Interest
Rate0.8333%0.8333%0.8333%0.8333%0.8333%0.8333%0.8333
%0.8333%0.8333%0.8333%0.8333%0.8333%Start of
Month$1,000.00$1,008.33$1,016.74$1,025.21$1,033.75$1,042.3
7$1,051.05$1,059.81$1,068.64$1,077.55$1,086.53$1,095.58Inte
rest
Charge$8.33$8.40$8.47$8.54$8.61$8.69$8.76$8.83$8.91$8.98$
16. 9.05$9.13End of
Month$1,008.33$1,016.74$1,025.21$1,033.75$1,042.37$1,051.0
5$1,059.81$1,068.64$1,077.55$1,086.53$1,095.58$1,104.71
Help-DepreciationDOES DEPRECIATION EXPENSE AFFECT
CASH FLOW?SITUATION-Suppose you have a really simple
business: you've bought a new 3-D printer, and you rent it out
to fellow SNHU students for $4000/yr.-The students who rent
the printer are responsible for supplies and maintenance.-You
estimate the printer's useful life is 3 years, and at the end of
that time you can sell it for $500.-Accounting rules require you
to "recognize" the printer's cost by spreading it over the
estimated useful life.YEAR 1YEAR 2YEAR
3CUMULATIVE1.You buy the printer for cash, & sell it 3 yrs
later.Investment$ (10,000)$ - 0$ 500$ (9,500)2.You rent it
to other students for $4,000 / yearRevenue$ 4,000$ 4,000$
4,000$ 12,0003.You record depreciation expense for the
printerExpense$ (3,167)$ (3,167)$ (3,167)$ (9,500)Notice
the "Cumulative" column: Cumulative depreciation equals
cumulative cash flow. Depreciation is simply a spreading out of
the cash flow.IN A REALLY SIMPLE WORLD, YOUR
FINANCIALS MIGHT LOOK LIKE THIS:REVENUE$ 4,000$
4,000$ 4,000$ 12,000Buying and Selling of 3-D Printer$
(10,000)$ - 0$ 500$ (9,500)PRETAX PROFIT OR (LOSS),
EQUALS PRETAX CASH FLOW$ (6,000)$ 4,000$ 4,500$
2,500Tax Refunds or (Payments), @ 40% Tax Rate$ 2,400$
(1,600)$ (1,800)$ (1,000)NET PROFIT OR (LOSS),
EQUALS NET CASH FLOW$ (3,600)$ 2,400$ 2,700$
1,500Notice that the net profit line is rather lumpy.BUT YOUR
ACCOUNTING INCOME STATEMENTS WILL LOOK LIKE
THIS:REVENUE$ 4,000$ 4,000$ 4,000$
12,000Depreciation Expense$ (3,167)$ (3,167)$ (3,167)$
(9,500)OPERATING PROFIT OR (LOSS)$ 833$ 833$ 833$
2,500Tax Provision Expense @40% Tax Rate$ (333)$ (333)$
(333)$ (1,000)NET PROFIT (OR LOSS)$ 500$ 500$ 500$
1,500Notice that the net profit line above is smooth, but the
Cumulative column hasn't changed.AND YOUR CASH FLOW
17. STATEMENTS (STANDARD FORMAT) WILL LOOK LIKE
THIS:Net Profit (Or Loss) from Above$ 500$ 500$ 500$
1,500Add back: Depreciation Expense$ 3,167$ 3,167$
3,167$ 9,500Change in Working Capital & Other Operating
Activities$ - 0$ - 0$ - 0$ - 0Cash Flow From Operating
Activities$ 3,667$ 3,667$ 3,667$ 11,000Capital
Expenditures$ (10,000)$ - 0$ - 0$ (10,000)Proceeds from
Sale of Assets$ - 0$ - 0$ 500$ 500Cash Flow from
Investing Activities$ (10,000)$ - 0$ 500$
(9,500)Additional Paid-in Capital$ - 0$ - 0$ - 0$ -
0Dividends Paid$ - 0$ - 0$ - 0$ - 0Cash Flow from
Financing Activities$ - 0$ - 0$ - 0$ - 0NET CASH FLOW$
(6,333)$ 3,667$ 4,167$ 1,500Cash Balance at Beginning Of
Year$ 10,000$ 3,667$ 7,333Cash Balance at End of Year$
3,667$ 7,333$ 11,500