INTEL CORPORATIONCONSOLIDATED BALANCE SHEETDecember 27, 2008.docx
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INTEL CORPORATION CONSOLIDATED BALANCE SHEET December 27, 2008 (In Millions, Except Par Value) Assets Current assets: Cash and cash equivalents $ 3,350 Short-term investments 5,331 Trading assets 3,162 Accounts receivable, net of allowance for doubtful accounts of $17 ($27 in 2008) 1,712 Inventories 3,744 Deferred tax assets 1,390 Other current assets 1,182 Total current assets 19,871 Property, plant and equipment, net 17,544 Marketable strategic equity securities 352 Other long-term investments 2,924 Goodwill 3,932 Other long-term assets 6,092 Total assets $ 50,715 Liabilities and stockholders' equity Current liabilities: Short-term debt $ 102 Accounts payable 2,390 Accrued compensation and benefits 2,015 Accrued advertising 807 Deferred income on shipments to distributors 463 Other accrued liabilities 2,041 Total current liabilities 7,818 Long-term income taxes payable 736 Deferred tax liabilities 46 Long-term debit 1,886 Other long-term liabilities 1,141 Commitments and contingencies (Notes 18 and 24) Stockholders' equity: Preferred stock, $0.001 par value, 50 shares authorized; none issued - Common stock, $0.001 par value, 10,000 shares authorized; 5,562 issued and outstanding(5,818 in 2007) and capital in excess of par value 12,944 Accumulated other comprehensive income (loss) (393 ) Retained earnings 26,537 Total stockholders' equity 39,088 Total liabilities and stockholders' equity $ 50,715 Required: Prepare a common size balance sheet at December 27, 2008. (Round your answers to 1 decimal place. Omit the "%" sign in your response.) INTEL CORPORATION Common Size Balance Sheet December 27, 2008 Total current assets % Property, plant and equipment, (net) Marketable strategic equity securities and other long-term investments Goodwill and other long-term assets, net Total assets % Total current liabilities % Total long-term liabilities (including deferred income tax liabilities) Total stockholders' equity Total liabilities and stockholders' equity % .
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Recommended
Here are simplified financial statements of Phone Corporation from a.docx
Here are simplified financial statements of Phone Corporation from a recent year:
INCOME STATEMENT
(Figures in millions of dollars)
Net sales
12,300
Cost of goods sold
3,610
Other expenses
4,022
Depreciation
2,248
Earnings before interest and taxes (EBIT)
2,420
Interest expense
640
Income before tax
1,780
Taxes (at 35%)
623
Net income
1,157
Dividends
756
BALANCE SHEET
(Figures in millions of dollars)
End of Year
Start of Year
Assets
Cash and marketable securities
80
149
Receivables
1,932
2,310
Inventories
142
193
Other current assets
822
887
Total current assets
2,976
3,539
Net property, plant, and equipment
19,883
19,825
Other long-term assets
4,126
3,680
Total assets
26,985
27,044
Liabilities and shareholders’ equity
Payables
2,474
2,950
Short-term debt
1,374
1,528
Other current liabilities
766
742
Total current liabilities
4,614
5,220
Long-term debt and leases
9,259
8,444
Other long-term liabilities
6,088
6,059
Shareholders’ equity
7,024
7,321
Total liabilities and shareholders’ equity
26,985
27,044
Calculate the following financial ratios:
(Use 365 days in a year.
Do not round intermediate calculations.
Round your answers to 2 decimal places.)
a.
Long-term debt ratio
[removed]
b.
Total debt ratio
[removed]
c.
Times interest earned
[removed]
d.
Cash coverage ratio
[removed]
e.
Current ratio
[removed]
f.
Quick ratio
[removed]
g.
Operating profit margin
[removed]
%
h.
Inventory turnover
[removed]
i.
Days in inventory
[removed]
days
j.
Average collection period
[removed]
days
k.
Return on equity
[removed]
%*
l.
Return on assets
[removed]
%
m.
Return on capital
[removed]
%**
n.
Payout ratio
[removed]
.
Broadening Your Perspective 91 The financial statements of Tootsie.pdf
Broadening Your Perspective 91
The financial statements of Tootsie Roll are presented below.
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data)
For the year ended December 31,
2011 2010 2009
Net product sales $528,369 $517,149 $495,592
Rental and royalty revenue 4,136 4,299 3,739
Total revenue 532,505 521,448 499,331
Product cost of goods sold 365,225 349,334 319,775
Rental and royalty cost 1,038 1,088 852
Total costs 366,263 350,422 320,627
Product gross margin 163,144 167,815 175,817
Rental and royalty gross margin 3,098 3,211 2,887
Total gross margin 166,242 171,026 178,704
Selling, marketing and administrative expenses 108,276 106,316 103,755
Impairment charges — — 14,000
Earnings from operations 57,966 64,710 60,949
Other income (expense), net 2,946 8,358 2,100
Earnings before income taxes 60,912 73,068 63,049
Provision for income taxes 16,974 20,005 9,892
Net earnings $43,938 $53,063 $53,157
Net earnings $43,938 $53,063 $53,157
Other comprehensive earnings (loss) (8,740) 1,183 2,845
Comprehensive earnings $35,198 $54,246 $56,002
Retained earnings at beginning of year. $135,866 $147,687 $144,949
Net earnings 43,938 53,063 53,157
Cash dividends (18,360) (18,078) (17,790)
Stock dividends (47,175) (46,806) (32,629)
Retained earnings at end of year $114,269 $135,866 $147,687
Earnings per share $0.76 $0.90 $0.89
Average Common and Class B Common shares outstanding 57,892 58,685 59,425
(The accompanying notes are an integral part of these statements.)
CONSOLIDATED STATEMENTS OF
Financial Position
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES (in thousands except per share
data)
Assets December 31,
2011 2010
CURRENT ASSETS:
Cash and cash equivalents $78,612 $115,976
Investments 10,895 7,996
Accounts receivable trade, less allowances of $1,731 and $1,531 41,895 37,394
Other receivables 3,391 9,961
Inventories:
Finished goods and workinprocess
42,676 35,416
Raw materials and supplies 29,084 21,236
Prepaid expenses 5,070 6,499
Deferred income taxes 578 689
Total current assets 212,201 235,167
PROPERTY, PLANT AND EQUIPMENT, at cost:
Land 21,939 21,696
Buildings 107,567 102,934
Machinery and equipment 322,993 307,178
Construction in progress 2,598 9,243
455,097 440,974
Less—Accumulated depreciation 242,935 225,482
Net property, plant and equipment 212,162 215,492
OTHER ASSETS:
Goodwill 73,237 73,237
Trademarks 175,024 175,024
Investments 96,161 64,461
Split dollar officer life insurance 74,209 74,441
Prepaid expenses 3,212 6,680
Equity method investment 3,935 4,254
Deferred income taxes 7,715 9,203
Total other assets 433,493 407,300
Total assets $857,856 $857,959
Liabilities and Shareholders’ Equity December 31,
2011 2010
CURRENT LIABILITIES:
Accounts payable $10,683 $9,791
Dividends payable 4,603 4,529
Accrued liabilities 43,069 44,185
Total current liabilities 58,355 58,505
NONCURRENT LIABILITES:
Deferred income taxes 43,521 47,865
P.
(TCO A) Below you will find selected information (in millions) from .docx
(TCO A) Below you will find selected information (in millions) from Coca-Cola Co.’s 2012 Annual Report:
Income Taxes Payable
$471
Short-term Investments and Marketable Securities
8,109
Cash
8,442
Other non-current Liabilities
10,449
Common Stock
1,760
Receivables
4,812
Other Current Assets
2,973
Long-term Investments
10,448
Other Non-current Assets
3,585
Property, Plant and Equipment
23,486
Trademarks
6,527
Other Intangible Assets
20,810
Allowance for Doubtful Accounts
53
Accumulated Depreciation
9,010
Accounts Payable
8,680
Short Term Notes Payable
17,874
Prepaid Expenses
2,781
Other Current Liabilities
796
Long-Term Liabilities
14,736
Paid-in-Capital in Excess of Par Value
11,379
Retained Earnings
55,038
Inventories
3,264
Treasury Stock
35,009
Other information taken from the Annual Report:
Sales Revenue for 2012
$48,017
Cost of Goods Sold for 2012
19,053
Net Income for 2012
9,019
Inventory Balance on 12/31/11
3,092
Net Accounts Receivable Balance on 12/31/11
4,920
Total Assets on 12/31/11
79,974
Equity Balance on 12/31/11
31,921
Required:
1. Using the information provided prepare a Balance Sheet. Separate the current assets from non-current assets and provide a total for each. Also separate the current liabilities from the non-current liabilities and provide a total for each.
2. Using the Balance Sheet from your answer above, calculate
the
Current Ratio
and Return on common stockholders’ equity ratio. (Make sure to show all your work).
.
Below you will find selected information (in millions) from Coca-Col.docx
Below you will find selected information (in millions) from Coca-Cola Co.’s 2012 Annual Report:
Income Taxes Payable
$471
Short-term Investments and Marketable Securities
8,109
Cash
8,442
Other non-current Liabilities
10,449
Common Stock
1,760
Receivables
4,812
Other Current Assets
2,973
Long-term Investments
10,448
Other Non-current Assets
3,585
Property, Plant and Equipment
23,486
Trademarks
6,527
Other Intangible Assets
20,810
Allowance for Doubtful Accounts
53
Accumulated Depreciation
9,010
Accounts Payable
8,680
Short Term Notes Payable
17,874
Prepaid Expenses
2,781
Other Current Liabilities
796
Long-Term Liabilities
14,736
Paid-in-Capital in Excess of Par Value
11,379
Retained Earnings
55,038
Inventories
3,264
Treasury Stock
35,009
Other information taken from the Annual Report:
Sales Revenue for 2012
$48,017
Cost of Goods Sold for 2012
19,053
Net Income for 2012
9,019
Inventory Balance on 12/31/11
3,092
Net Accounts Receivable Balance on 12/31/11
4,920
Total Assets on 12/31/11
79,974
Equity Balance on 12/31/11
31,921
Required:
1. Using the information provided prepare a Balance Sheet. Separate the current assets from non-current assets and provide a total for each. Also separate the current liabilities from the non-current liabilities and provide a total for each.
2. Using the Balance Sheet from your answer above calculate; Current Ratio, Days in Inventory, Average Collection Period, Return on Assets Ratio, Debt to Total Assets and Return on common stockholders’ equity ratio. (Make sure to show all your work)
.
Recommended
Here are simplified financial statements of Phone Corporation from a.docx
Here are simplified financial statements of Phone Corporation from a recent year:
INCOME STATEMENT
(Figures in millions of dollars)
Net sales
12,300
Cost of goods sold
3,610
Other expenses
4,022
Depreciation
2,248
Earnings before interest and taxes (EBIT)
2,420
Interest expense
640
Income before tax
1,780
Taxes (at 35%)
623
Net income
1,157
Dividends
756
BALANCE SHEET
(Figures in millions of dollars)
End of Year
Start of Year
Assets
Cash and marketable securities
80
149
Receivables
1,932
2,310
Inventories
142
193
Other current assets
822
887
Total current assets
2,976
3,539
Net property, plant, and equipment
19,883
19,825
Other long-term assets
4,126
3,680
Total assets
26,985
27,044
Liabilities and shareholders’ equity
Payables
2,474
2,950
Short-term debt
1,374
1,528
Other current liabilities
766
742
Total current liabilities
4,614
5,220
Long-term debt and leases
9,259
8,444
Other long-term liabilities
6,088
6,059
Shareholders’ equity
7,024
7,321
Total liabilities and shareholders’ equity
26,985
27,044
Calculate the following financial ratios:
(Use 365 days in a year.
Do not round intermediate calculations.
Round your answers to 2 decimal places.)
a.
Long-term debt ratio
[removed]
b.
Total debt ratio
[removed]
c.
Times interest earned
[removed]
d.
Cash coverage ratio
[removed]
e.
Current ratio
[removed]
f.
Quick ratio
[removed]
g.
Operating profit margin
[removed]
%
h.
Inventory turnover
[removed]
i.
Days in inventory
[removed]
days
j.
Average collection period
[removed]
days
k.
Return on equity
[removed]
%*
l.
Return on assets
[removed]
%
m.
Return on capital
[removed]
%**
n.
Payout ratio
[removed]
.
Broadening Your Perspective 91 The financial statements of Tootsie.pdf
Broadening Your Perspective 91
The financial statements of Tootsie Roll are presented below.
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data)
For the year ended December 31,
2011 2010 2009
Net product sales $528,369 $517,149 $495,592
Rental and royalty revenue 4,136 4,299 3,739
Total revenue 532,505 521,448 499,331
Product cost of goods sold 365,225 349,334 319,775
Rental and royalty cost 1,038 1,088 852
Total costs 366,263 350,422 320,627
Product gross margin 163,144 167,815 175,817
Rental and royalty gross margin 3,098 3,211 2,887
Total gross margin 166,242 171,026 178,704
Selling, marketing and administrative expenses 108,276 106,316 103,755
Impairment charges — — 14,000
Earnings from operations 57,966 64,710 60,949
Other income (expense), net 2,946 8,358 2,100
Earnings before income taxes 60,912 73,068 63,049
Provision for income taxes 16,974 20,005 9,892
Net earnings $43,938 $53,063 $53,157
Net earnings $43,938 $53,063 $53,157
Other comprehensive earnings (loss) (8,740) 1,183 2,845
Comprehensive earnings $35,198 $54,246 $56,002
Retained earnings at beginning of year. $135,866 $147,687 $144,949
Net earnings 43,938 53,063 53,157
Cash dividends (18,360) (18,078) (17,790)
Stock dividends (47,175) (46,806) (32,629)
Retained earnings at end of year $114,269 $135,866 $147,687
Earnings per share $0.76 $0.90 $0.89
Average Common and Class B Common shares outstanding 57,892 58,685 59,425
(The accompanying notes are an integral part of these statements.)
CONSOLIDATED STATEMENTS OF
Financial Position
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES (in thousands except per share
data)
Assets December 31,
2011 2010
CURRENT ASSETS:
Cash and cash equivalents $78,612 $115,976
Investments 10,895 7,996
Accounts receivable trade, less allowances of $1,731 and $1,531 41,895 37,394
Other receivables 3,391 9,961
Inventories:
Finished goods and workinprocess
42,676 35,416
Raw materials and supplies 29,084 21,236
Prepaid expenses 5,070 6,499
Deferred income taxes 578 689
Total current assets 212,201 235,167
PROPERTY, PLANT AND EQUIPMENT, at cost:
Land 21,939 21,696
Buildings 107,567 102,934
Machinery and equipment 322,993 307,178
Construction in progress 2,598 9,243
455,097 440,974
Less—Accumulated depreciation 242,935 225,482
Net property, plant and equipment 212,162 215,492
OTHER ASSETS:
Goodwill 73,237 73,237
Trademarks 175,024 175,024
Investments 96,161 64,461
Split dollar officer life insurance 74,209 74,441
Prepaid expenses 3,212 6,680
Equity method investment 3,935 4,254
Deferred income taxes 7,715 9,203
Total other assets 433,493 407,300
Total assets $857,856 $857,959
Liabilities and Shareholders’ Equity December 31,
2011 2010
CURRENT LIABILITIES:
Accounts payable $10,683 $9,791
Dividends payable 4,603 4,529
Accrued liabilities 43,069 44,185
Total current liabilities 58,355 58,505
NONCURRENT LIABILITES:
Deferred income taxes 43,521 47,865
P.
(TCO A) Below you will find selected information (in millions) from .docx
(TCO A) Below you will find selected information (in millions) from Coca-Cola Co.’s 2012 Annual Report:
Income Taxes Payable
$471
Short-term Investments and Marketable Securities
8,109
Cash
8,442
Other non-current Liabilities
10,449
Common Stock
1,760
Receivables
4,812
Other Current Assets
2,973
Long-term Investments
10,448
Other Non-current Assets
3,585
Property, Plant and Equipment
23,486
Trademarks
6,527
Other Intangible Assets
20,810
Allowance for Doubtful Accounts
53
Accumulated Depreciation
9,010
Accounts Payable
8,680
Short Term Notes Payable
17,874
Prepaid Expenses
2,781
Other Current Liabilities
796
Long-Term Liabilities
14,736
Paid-in-Capital in Excess of Par Value
11,379
Retained Earnings
55,038
Inventories
3,264
Treasury Stock
35,009
Other information taken from the Annual Report:
Sales Revenue for 2012
$48,017
Cost of Goods Sold for 2012
19,053
Net Income for 2012
9,019
Inventory Balance on 12/31/11
3,092
Net Accounts Receivable Balance on 12/31/11
4,920
Total Assets on 12/31/11
79,974
Equity Balance on 12/31/11
31,921
Required:
1. Using the information provided prepare a Balance Sheet. Separate the current assets from non-current assets and provide a total for each. Also separate the current liabilities from the non-current liabilities and provide a total for each.
2. Using the Balance Sheet from your answer above, calculate
the
Current Ratio
and Return on common stockholders’ equity ratio. (Make sure to show all your work).
.
Below you will find selected information (in millions) from Coca-Col.docx
Below you will find selected information (in millions) from Coca-Cola Co.’s 2012 Annual Report:
Income Taxes Payable
$471
Short-term Investments and Marketable Securities
8,109
Cash
8,442
Other non-current Liabilities
10,449
Common Stock
1,760
Receivables
4,812
Other Current Assets
2,973
Long-term Investments
10,448
Other Non-current Assets
3,585
Property, Plant and Equipment
23,486
Trademarks
6,527
Other Intangible Assets
20,810
Allowance for Doubtful Accounts
53
Accumulated Depreciation
9,010
Accounts Payable
8,680
Short Term Notes Payable
17,874
Prepaid Expenses
2,781
Other Current Liabilities
796
Long-Term Liabilities
14,736
Paid-in-Capital in Excess of Par Value
11,379
Retained Earnings
55,038
Inventories
3,264
Treasury Stock
35,009
Other information taken from the Annual Report:
Sales Revenue for 2012
$48,017
Cost of Goods Sold for 2012
19,053
Net Income for 2012
9,019
Inventory Balance on 12/31/11
3,092
Net Accounts Receivable Balance on 12/31/11
4,920
Total Assets on 12/31/11
79,974
Equity Balance on 12/31/11
31,921
Required:
1. Using the information provided prepare a Balance Sheet. Separate the current assets from non-current assets and provide a total for each. Also separate the current liabilities from the non-current liabilities and provide a total for each.
2. Using the Balance Sheet from your answer above calculate; Current Ratio, Days in Inventory, Average Collection Period, Return on Assets Ratio, Debt to Total Assets and Return on common stockholders’ equity ratio. (Make sure to show all your work)
.
1Exercise 8-4The ledger of Wainwright Company at the end of the cu.docx
1Exercise 8-4
The ledger of Wainwright Company at the end of the current year shows Accounts Receivable $76,000; Credit Sales $801,000; and Sales Returns and Allowances $50,000.
(Credit account titles are automatically indented when amount is entered. Do not indent manually.)
(a)
If Wainwright uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Wainwright determines that Hiller’s $1,000 balance is uncollectible.
(b)
If Allowance for Doubtful Accounts has a credit balance of $990 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 11% of accounts receivable.
(c)
If Allowance for Doubtful Accounts has a debit balance of $850 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 8% of accounts receivable.
No.
Account Titles and Explanation
Debit
Credit
(a)
2
Broadening Your Perspective 8-1
The financial statements of
Tootsie Roll
are presented below.
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data)
For the year ended December 31,
2011
2010
2009
Net product sales
$528,369
$517,149
$495,592
Rental and royalty revenue
4,136
4,299
3,739
Total revenue
532,505
521,448
499,331
Product cost of goods sold
365,225
349,334
319,775
Rental and royalty cost
1,038
1,088
852
Total costs
366,263
350,422
320,627
Product gross margin
163,144
167,815
175,817
Rental and royalty gross margin
3,098
3,211
2,887
Total gross margin
166,242
171,026
178,704
Selling, marketing and administrative expenses
108,276
106,316
103,755
Impairment charges
—
—
14,000
Earnings from operations
57,966
64,710
60,949
Other income (expense), net
2,946
8,358
2,100
Earnings before income taxes
60,912
73,068
63,049
Provision for income taxes
16,974
20,005
9,892
Net earnings
$43,938
$53,063
$53,157
Net earnings
$43,938
$53,063
$53,157
Other comprehensive earnings (loss)
(8,740
)
1,183
2,845
Comprehensive earnings
$35,198
$54,246
$56,002
Retained earnings at beginning of year.
$135,866
$147,687
$144,949
Net earnings
43,938
53,063
53,157
Cash dividends
(18,360
)
(18,078
)
(17,790
)
Stock dividends
(47,175
)
(46,806
)
(32,629
)
Retained earnings at end of year
$114,269
$135,866
$147,687
Earnings per share
$0.76
$0.90
$0.89
Average Common and Class B Common shares outstanding
57,892
58,685
59,425
(The accompanying notes are an integral part of these statements.)
CONSOLIDATED STATEMENTS OF
Financial Position
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES (in thousands except per share data)
Assets
December 31,
2011
2010
CURRE.
The following are the financial statements for Nederland Consumer .docx
The following are the financial statements for Nederland Consumer Products Company for the fiscal year ended September 30, 2011.
Nederland Consumer Products Company
Income Statement for the Fiscal Year
Ended September 30, 2011
Net sales
$
62,141
Cost of goods sold
26,906
Gross margin
$
35,235
Marketing, research, administrative exp.
15,715
Depreciation
776
Operating income(loss)
$
18,744
Interest expense
499
Earnings(loss) before income taxes
$
18,245
Income taxes
5,623
Net earnings(loss)
$
12,622
Nederland Consumer Products Company
Balance Sheet as of September 30, 2011
Assets:
Liabilities and Stockholder's Equity:
Cash and marketable securities
$
6,807
Accounts payable
$
2,776
Investment securities
353
Accrued and other liabilities
7,780
Accounts receivable
3,288
Taxes payable
2,047
Total inventories
5,376
Debt due within one year
7,490
Deferred income taxes
882
Prepaid expenses & other receivables
1,991
Total current assets
$
18,697
Total current liabilities
$
20,093
Property, plant, and equip., at cost
30,215
Long-term debt
12,217
Less: Accumulated depreciation
9,653
Deferred income taxes
2,543
Net plant and equipment
$
20,562
Other non-current liabilities
3,504
Net goodwill & other intangible assets
23,970
Total liabilities
$
38,357
Other non-current assets
1,622
Convertible Class A preferred stock
1,696
Common stock
1,608
Retained earnings
23,190
Total stockholders’ equity (deficit)
$
26,494
Total assets
$
64,851
Total liabilities and stockholders’ equity
$
64,851
Calculate all the ratios, for which industry figures are available below, for Nederland and compare the firm’s ratios with the industry ratios.
(Round current ratio, quick ratio, debt ratio, long term debt ratio answers to 2 decimal places, e.g. 12.25 and other answers to 1 decimal place, e.g.12.5 or 12.5%.)
Industry Average
Current Ratio
2.05
[removed]
times
Quick Ratio
0.78
[removed]
times
Gross margin
23.9
%
[removed]
%
Net profit margin
12.3
%
[removed]
%
Debt ratio
0.23
[removed]
times
Long-term debt to equity
0.98
[removed]
times
Interest coverage
5.62
[removed]
ROA
5.3
%
[removed]
%
ROE
18.8
%
[removed]
%
.
Consolidated Statements of OperConsolidated Statements of Operatio.docx
Consolidated Statements of OperConsolidated Statements of Operations - USD ($) shares in Millions, $ in Millions12 Months EndedFeb. 03, 2018Jan. 28, 2017Jan. 30, 2016Income Statement [Abstract]Sales$ 71,879$ 69,495$ 73,785Cost of sales (a)[1]51,12549,14552,241Gross margin20,75420,35021,544Selling, general and administrative expenses14,24813,35614,665Depreciation and amortization (exclusive of depreciation included in cost of sales)[1]2,1942,0251,969Gain on sale00(620)Earnings from continuing operations before interest expense and income taxes4,3124,9695,530Net interest expense6661,004607Earnings from continuing operations before income taxes3,6463,9654,923Provision for income taxes7181,2961,602Net earnings from continuing operations2,9282,6693,321Discontinued operations, net of tax66842Net earnings$ 2,934$ 2,737$ 3,3634.1%3.9%4.6%Basic earnings per shareContinuing operations (in dollars per share)$ 5.35$ 4.62$ 5.29Discontinued operations (in dollars per share)0.010.120.07Net earnings/(loss) per share (in dollars per share)5.364.745.35Diluted earnings per shareContinuing operations (in dollars per share)5.324.585.25Discontinued operations (in dollars per share)0.010.120.07Net earnings/(loss) per share (in dollars per share)$ 5.33$ 4.70$ 5.31Weighted average common shares outstandingBasic (in shares)546.8577.6627.7Dilutive effect of share-based awards (in shares)3.54.95.2Diluted (in shares)550.3582.5632.9Antidilutive shares (in shares)4.10.10Dividends declared per share (in dollars per share)$ 2.46$ 2.36$ 2.20
Consolidated Statements of FinaConsolidated Statements of Financial Position - USD ($) $ in MillionsFeb. 03, 2018Jan. 28, 2017AssetsCash and cash equivalents$ 2,643$ 2,512Inventory8,6578,309 Inventory as % of Total Assets22.2%22.2%Other current assets1,2641,169Total current assets12,56411,990Property and equipmentLand6,0956,106Buildings and improvements28,39627,611Fixtures and equipment5,6235,503Computer hardware and software2,6452,651Construction-in-progress440200 Total Property and Equipment Cost43,19942,071Accumulated depreciation(18,181)(17,413)Property and equipment, net25,01824,658 P&E as % of Total Assets64.2%65.9%Other noncurrent assets1,417783Total assets38,99937,431Liabilities and shareholders' investmentAccounts payable8,6777,252Accrued and other current liabilities4,2543,737Current portion of long-term debt and other borrowings2701,718Total current liabilities13,20112,707Long-term debt and other borrowings11,31711,031Deferred income taxes713861Other noncurrent liabilities2,0591,879Total noncurrent liabilities14,08913,771Shareholders' investmentCommon stock4546Additional paid-in capital5,8585,661Retained earnings6,5535,884Accumulated other comprehensive loss(747)(638)Total shareholders' investment11,70910,953Total liabilities and shareholders' investment$ 38,999$ 37,431Common Stock Authorized 6,000,000,000 shares, $0.0833 par value; 541,681,670 shares issued and outstanding at February 3, 2018; 556,156,228 shares issued a.
FS-3FORD MOTOR COMPANY AND SUBSIDIARIESCONSOLIDATED INCO.docx
FS-3
FORD MOTOR COMPANY AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENT
(in millions, except per share amounts)
For the years ended December 31,
2016 2017 2018
Revenues
Automotive $ 141,546 $ 145,653 $ 148,294
Ford Credit 10,253 11,113 12,018
Mobility 1 10 26
Total revenues (Note 4) 151,800 156,776 160,338
Costs and expenses
Cost of sales 126,195 131,321 136,269
Selling, administrative, and other expenses 10,972 11,527 11,403
Ford Credit interest, operating, and other expenses 8,847 9,047 9,463
Total costs and expenses 146,014 151,895 157,135
Interest expense on Automotive debt 894 1,133 1,171
Interest expense on Other debt 57 57 57
Other income/(loss), net (Note 5) 169 3,267 2,247
Equity in net income of affiliated companies 1,780 1,201 123
Income before income taxes 6,784 8,159 4,345
Provision for/(Benefit from) income taxes (Note 7) 2,184 402 650
Net income 4,600 7,757 3,695
Less: Income/(Loss) attributable to noncontrolling interests 11 26 18
Net income attributable to Ford Motor Company $ 4,589 $ 7,731 $ 3,677
EARNINGS PER SHARE ATTRIBUTABLE TO FORD MOTOR COMPANY COMMON AND CLASS B STOCK (Note 8)
Basic income $ 1.16 $ 1.94 $ 0.93
Diluted income 1.15 1.93 0.92
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(in millions)
For the years ended December 31,
2016 2017 2018
Net income $ 4,600 $ 7,757 $ 3,695
Other comprehensive income/(loss), net of tax (Note 21)
Foreign currency translation (1,024) 314 (523)
Marketable securities (8) (34) (11)
Derivative instruments 219 (265) 183
Pension and other postretirement benefits 56 37 (56)
Total other comprehensive income/(loss), net of tax (757) 52 (407)
Comprehensive income 3,843 7,809 3,288
Less: Comprehensive income/(loss) attributable to noncontrolling interests 10 24 18
Comprehensive income attributable to Ford Motor Company $ 3,833 $ 7,785 $ 3,270
The accompanying notes are part of the consolidated financial statements.
FS-4
FORD MOTOR COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(in millions)
December 31,
2017
December 31,
2018
ASSETS
Cash and cash equivalents (Note 9) $ 18,492 $ 16,718
Marketable securities (Note 9) 20,435 17,233
Ford Credit finance receivables, net (Note 10) 52,210 54,353
Trade and other receivables, less allowances of $412 and $94 10,599 11,195
Inventories (Note 12) 11,176 11,220
Other assets 3,889 3,930
Total current assets 116,801 114,649
Ford Credit finance receivables, net (Note 10) 56,182 55,544
Net investment in operating leases (Note 13) 28,235 29,119
Net property (Note 14) 35,327 36,178
Equity in net assets of affiliated companies (Note 15) 3,085 2,709
Deferred income taxes (Note 7) 10,762 10,412
Other assets 8,104 7,929
Total assets $ 258,496 $ 256,540
LIABILITIES
Payables $ 23,282 $ 21,520
Other liabilities and deferred revenue (Note 16) 19,697 20,556
Automotive debt payable within one year (Note 18) 3,356 2,314
Ford Credit debt payable within one year (Note 18) 48,265 51,179
Total current liabilities 94,600 95,56.
Question 1 Your answer is correct. Indicate whether each o.docx
Question 1
Your answer is correct.
Indicate whether each of the following statements is true or false.
1.
The corporation is an entity separate and distinct from its owners.
True
2.
The liability of stockholders is normally limited to their investment in the corporation.
True
3.
The relative lack of government regulation is an advantage of the corporate form of business.
False
4.
There is no journal entry to record the authorization of capital stock.
True
5.
No-par value stock is quite rare today.
False
Question 2
Your answer is correct.
Garcia Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review what he had learned earlier about corporation accounting. During the first month, he made the following entries for the corporation’s capital stock.
May 2
Cash
103,320
Capital Stock
103,320
(Issued 7,380 shares of $11 par value common stock at $14 per share)
10
Cash
736,170
Capital Stock
736,170
(Issued 13,890 shares of $19 par value preferred stock at $53 per share)
15
Capital Stock
7,800
Cash
7,800
(Purchased 600 shares of common stock for the treasury at $13 per share)
On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
May 2
Cash
103320
Common Stock
81180
Paid-in Capital in Excess of Par Value-Common Stock
22140
May 10
Cash
736170
Preferred Stock
263910
Paid-in Capital in Excess of Par Value-Preferred Stock
472260
May 15
Treasury Stock
7800
Cash
7800
Question 3
Your answer is correct.
On October 31, the stockholders’ equity section of Pele Company’s balance sheet consists of common stock $787,200 and retained earnings $424,200.
Pele is considering the following two courses of action:
(1)
Declaring a 6% stock dividend on the 98,400 $8 par value shares outstanding
(2)
Effecting a 2-for-1 stock split that will reduce par value to $4 per share.
The current market price is $18 per share.
Prepare a tabular summary of the effects of the alternative actions on the company’s stockholders’ equity and outstanding shares.
Pele Company’s
Balance Sheet
Before Action
After Stock Dividend
After Stock Split
Stockholders’ equity
Paid-in capital
$ 787200
$ 893472
$ 787200
Retained earnings
424200
317928
424200
Total stockholders’ equity
$ 1211400
$ 1211400
$ 1211400
Outstanding shares
98400
104304
196800
Question 4
The stockholders’ equity section of Tootsie Roll Industries’ balance sheet is shown in the Consolidated Statement of Financial Position. (N ...
Riordan Manufacturing, Inc.Consolidated Balance Sheet Fi.docx
Riordan Manufacturing, Inc.
Consolidated Balance Sheet
Fiscal Year Ending
September 30th
2011
2010
Assets
Current Assets
Cash
$3,725,406
$2,807,029
Accounts Receivable
3,192,094
2,695,342
Current Portion of Notes Receivable
84,255
102,976
Inventories
9,709,611
8,517,203
Prepaid Expenses and Other Items
666,591
402,240
Total Current Assets
$17,377,957
$14,524,790
Notes Receivable, less current portion
$842,551
$936,168
Investment in Joint Venture
1,734,004
1,609,004
Property, Plant and Equipment - net
26,366,949
16,658,218
Intangible Assets - net
904,473
904,473
Other Assets
183,203
192,845
Total Assets
$47,409,137
$34,825,498
Liabilities and Stockholders' Equity
Current Liabilities
Current Portion of Long-Term Debt
$1,560,959
$474,032
Accounts Payable
1,141,561
1,391,385
Accrued Liabilities
430,477
524,685
Income Taxes Payable
552,155
359,955
Total Current Liabilities
$3,685,152
$2,750,057
Bank Line of Credit
$114,759
$295,865
Long-Term Debt - less current portion
9,500,741
1,006,955
Deferred Income Taxes - net
660,503
825,629
Total Liabilities
$13,961,155
$4,878,506
Common Stock
Stated par value is $.01.
20,000,000 shares authorized.
Issued and Outstanding 15,801,332 net of treasury shares.
$29,055,488
$29,055,488
Retained Earnings / (Accumulated Deficit)
4,392,494
891,504
Total Stockholders' Equity
$33,447,982
$29,946,992
Total Liabilities and Stockholders' Equity
$47,409,137
$34,825,498
Balance SheetRiordan Manufacturing, Inc.Consolidated Balance SheetFiscal Year Ending September 30th20102009200820072006200520042003AssetsCurrent AssetsCash$2,807,029$1,511,253$1,040,639$1,442,507$1,336,319$305,563$357,216$85,632Accounts Receivable$2,695,342$2,644,307$2,883,964$4,544,138$4,855,334$6,062,838$5,657,216$6,556,160Current Portion of Notes Receivable$102,976$117,475$107,107$109,293$95,538$70,825$117,888$13,184Inventories$8,517,203$7,123,790$8,305,690$7,919,987$7,224,947$7,850,970$7,854,112$8,074,880Deferred Income Taxes - net$0$0$0$0$0$0$328,832$349,184Pre-paid Expenses and Other Items$402,240$458,875$279,336$294,038$256,903$264,896$328,192$336,128Total Current Assets$14,524,790$11,855,700$12,616,736$14,309,963$13,769,041$14,555,092$14,643,456$15,415,168Notes Receivable, less current portion$936,168$1,067,953$1,102,260$1,124,755$986,627$256,583$177,408$431,104Investment in Joint Venture$1,609,004$1,333,504$1,183,504$1,058,504$858,504$283,504$133,504$139,136Property, Plant & Equipment - net$16,658,218$17,767,486$18,869,612$18,424,594$24,510,830$19,114,830$18,511,360$19,205,120Intangible Assets - net$904,473$904,473$550,590$550,590$550,590$329,405$336,128$395,136Other Assets$192,845$175,314$106,721$108,899$107,821$52,768$54,400$51,840Total Assets$34,825,498$33,104,430$34,429,423$35,577,305$40,783,413$34,592,182$33,856,256$35,637,504Liabilities and Stockholders' EquityCurrent LiabilitiesCurrent Portion of Long-Term Debt$474,032$484,894$497,480$495,515$538,046$1,219,258$1,106,304$1,73 ...
Calculating between the years 2022 and 2021 -iablities- Current -Abstr.pdf
Calculating between the years 2022 and 2021
[iablities, Current [Abstract] Accounts payable Accrued and other current liabilities Deferred net
revenue (online-enabled games) Total current fabilities Senior notes, net income tax obligations
Deferred income taxes, net Other liabilites rOTAL UABIUTIES Commitments and
contingencies (See Note 14) \begin{tabular}{|r|r|r|} \hline 101 & 96 & 68 \\ \hline 1,388 & 1,341
& 1,052 \\ \hline 2,024 & 1,527 & 945 \\ \hline 3,513 & 2,964 & 599 \\ \hline 1,878 & 1,876 &
2,664 \\ \hline 386 & 315 & 397 \\ \hline 1 & 43 & 373 \\ \hline 6,175 & 250 & 1 \\ \hline &
5,448 & 216 \\ \hline \end{tabular} Stodholders' equity: Preferred stock, 50.01 par value, 10
shares authorized Common stock, $0.01 par value. 1,000 shares authorized, 280 and 286 shares
issued and outstandine, respectively Additonal paidin capital Retained earnings Accumulated
other comprehensive loss Total stocknolders' equity TOTAL LABILTIES AND
STOCKHOLDERS EQUITY Preferred stock, par value Preferred stook, shares authorized
Common stock, par value Common stock, shares authorized Common stock, shares issued
Common stock, shares outstanding Consolidated Statements of Operations - USD (\$) shares 12
Months Ended 25 Commitments and contingencies (See Note 14) 26 Stockhoiders' equity. (7)
Pteferred stock, \$o.01 par value. 10 shares authorized 21 income tax obligations 22 Deferred
income taxes, net. 23 Other liabilites 24 TOTAL Liabiumies Commitments and contingencies
(See Note 14) stockholders' equity: Preferred stock, $0.01 par value 10 shares authorized
Common stock, 50.01 par value 1,000 shares authorized; 286 and 288 shares 1 Addibonal paid in
capital Retained eamings Accumulated other comprehensive loss Total stockholders' equity
TOTAL UABIUTIES AND STOCKHOLDERS' EQUITY Preferred stock, par value 35
Preferred stock, shares authorized 36 Common stock, par value 37. Common stock, shares
authorized 35 Common stock shares issued 39 common stock, shares outstanding 40
Accumulated other Consolddated Statements of Stocholder:' Tquity - USo Common stock
Additional Paid in Capital (\$) shares in Thounands. 5 in Mifions total (2oss) increase (Decreate)
in stodholden' Cquity (Boll stockholdyes' Fueity Amatiouble to Darent. Begnning balano (in
shere) at Mar 31, 2019 30 0 Begnning balanoe at Mar. 31, 2015 55 , 331 5 , 33 ! 53 $3 298 , 407
(10) thereare (Decreate) in stockholder' Equity irell other coing ofenenve income (loss) before
Amounts redissifed form accumplated other ( 64 ) 44 cunverelemine incone (loss)
Comprehersive income (coss), Net of Tas, Atributable (ro) to mearent Anc, share baied favenent
Arrangement, locoese for cont henomentah stock thoed Ouring Penot, Sharev, New iveet stock
Ksued ourins Perod, Valve, New luwes, (29) ir. Stoxk fepurthased and getyed Dorns Pernd,
shares 14 Sock liepunduzed and netired buaing Fenod, value Ending batance (n shares) at Mar.
11,2090 Inding balance at Mar, 31, 2020 insrease (Decrease) in Stackholders' Equity IRool.
The Orlando MedicalOrlando Medical Corporation financial statements.pdf
The Orlando MedicalOrlando Medical Corporation financial statements? follow: LOADING...
?(Click the icon to view the consolidated balance? sheets.) LOADING... ?(Click the icon to view
the consolidated income? statements.) Orlando MedicalOrlando Medical?\'s inventory turnover
during fiscal year 20142014 was A. 8484 times. B. ?$35 comma 16435,164. C. very slow. D.
138.0138.0 times. Orlando Medical Corporation Consolidated Statements of Financial Position
December 31, (In Millions) 2014 2013 Assets: Current assets Cash and cash equivalents $4,344
$4,237 Accounts and notes receivable 3,402 2,409 Short-term investments 855 504 Inventories,
at cost 435 404 Prepaid expense and other current assets 1,638 1,220 Total current assets 10,674
8,774 Property and equipment, net 1,560 933 Investments 6,804 5,300 Other non-current assets
301 160 Total assets $19,339 $15,167 Liabilities and stockholder\'s equity: Current liabilities
Accounts payable $7,703 $6,002 Accrued and other liabilities 3,787 3,011 Total current
liabilities 11,490 9,013 Long-term debt 305 306 Other non-current liabilities 1,687 1,177 Total
liabilities 13,482 10,496 Stockholders’ equity Preferred stock and capital in excess of $0.02 par
value; shares issued and outstanding: none - - Common stock and capital in excess of $0.05 par
value; shares authorized: 6,000; shares issued: 2,112 and 1,852, respectively 7,804 7,001
Treasury stock, at cost; 184 and 124 shares, respectively (6,333) (4,401) Retained earnings 4,516
2,162 Other comprehensive loss (98) (49) Other (32) (42) Total stockholders’ equity 5,857 4,671
Total liabilities and stockholders’ equity $19,339 $15,167 PrintDone Orlando Medical
Corporation Consolidated Statements of Income Year ended December 31, (In Millions, Except
per Share Amounts) 2014 2013 2012 Net revenue $42,667 $35,613 $31,124 Cost of goods sold
35,164 29,270 25,478 Gross profit 7,503 6,343 5,646 Operating expenses: Selling, general, and
administrative 3,747 3,275 2,600 Research, development, and engineering 584 560 534 Special
charges - - 503 Total operating expenses 4,331 3,835 3,637 Operating income 3,172 2,508 2,009
Investment and other income (loss), net 195 194 (78) Income before income taxes 3,367 2,702
1,931 Income tax expense 1,100 912 475 Net income $2,267 $1,790 $1,456 Earnings per
common share: Basic $1.24 $0.94 $0.41
Solution
Answer : A. 84 times
=> Inventory t/o = COGS/average inventoryYear20142014Cost of Goods
Sold3516435164Average Inventory(435+404)/2419.5Inventory Turnover83.82.
3. (TCO C) Please review the following real-world Hewlett Packard .docx
3. (TCO C) Please review the following real-world Hewlett Packard Statement of Cash flows and address the two questions below:
Cash flow from operating activities
In millions
In millions
For the year ended 2012
For the year ended 2011
Net (loss) earnings
$(12,650)
$7,074
Depreciation and amortization
5,095
4,984
Impairment of goodwill and purchased intangible assets
18,035
885
Stock-based compensation expense
635
685
Provision for doubtful accounts
142
81
Provision for inventory
277
217
Restructuring charges
2,266
645
Deferred taxes on earnings
(711)
166
Excess tax benefit from stock-based competition
(12)
(163)
Other, net
265
(46)
Accounts and financing receivables
1,269
(227)
Inventory
890
(1,252)
Accounts payable
(1,414)
275
Taxes on earnings
(320)
610
Restructuring
(840)
(1,002)
Other assets and liabilities
(2,356)
(293)
Net cash provided by operating activities
10,571
12,639
Cash flows from investing activities:
Investment in property, plant, and equipment
(3,706)
(4,539)
Proceeds from sale of property, plant, and equipment
617
999
Purchases of available-for-sale securities and other investments
(972)
(96)
Maturities and sales of available-for-sale securities and other investment
662
68
Payments in connection with business acquisitions, net of cash acquired
(141)
(10,480)
Proceeds from business divestiture, net
87
89
Net cash used in investing activities
(3,453)
(13,959)
Cash flow from financing activities:
(Payments) issuance of commercial paper and notes payable, net
(2,775)
(1,270)
Issuance of debt
5,154
11,942
Payment of debt
(4,333)
(2,336)
Issuance of common stock under employee stock plans
716
896
Repurchase of common stock
(1,619)
(10,117)
Excess tax benefit from stock-based compensation
12
163
Cash dividends paid
(1,015)
(844)
Net cash used in financing activities
(3,860)
(1,566)
Increase (decrease) in cash and cash equivalents
3,258
(2,886)
Cash and cash equivalents at beginning of period
8,043
10,929
Cash and cash equivalents at end of period
$11,301
$8,043
Required:
1) Please calculate the percentage increase or decrease in cash for the total line of the operating, investing, and financing sections bolded above and explain the major reasons for the increase or decrease for each of these sections.
2) Please calculate the free cash flow for 2012 and explain the meaning of this ratio.
4. You are CFO of Goforit, Inc., a wholesale distribution company specializing in emerging technologies. Your CEO is a brilliant marketer, but relies on you to explain issues and choices in accounting and finance. She has heard from other members of a CEO organization to which she belongs that a company’s net income can vary widely depending on which accounting choices are made from the “GAAP menu.”
Assuming the goal is to maximize net income, choose an accounting treatment from each of the following scenarios, and explain to your CEO why the choice will produce the desired effect on reported Net Incom.
T-mobile 2020 Balance sheetin millions, except share and per shar
T-mobile 2020 Balance sheetin millions, except share and per share amounts)December 31,
2020December 31,
2019AssetsCurrent assetsCash and cash equivalents$10,385$1,528Accounts receivable, net of allowance for credit losses of $194 and $614,2541,888Equipment installment plan receivables, net of allowance for credit losses and imputed discount of $478 and $3333,5772,600Accounts receivable from affiliates2220Inventory2,527964Prepaid expenses624333Other current assets2,4961,972Total current assets23,8859,305Property and equipment, net41,17521,984Operating lease right-of-use assets28,02110,933Financing lease right-of-use assets3,0282,715Goodwill11,1171,930Spectrum licenses82,82836,465Other intangible assets, net5,298115Equipment installment plan receivables due after one year, net of allowance for credit losses and imputed discount of $127 and $662,0311,583Other assets2,7791,891Total assets$200,162$86,921Liabilities and Stockholders' EquityCurrent liabilitiesAccounts payable and accrued liabilities$10,196$6,746Payables to affiliates157187Short-term debt4,57925Deferred revenue1,030631Short-term operating lease liabilities3,8682,287Short-term financing lease liabilities1,063957Other current liabilities8101,673Total current liabilities21,70312,506Long-term debt61,83010,958Long-term debt to affiliates4,71613,986Tower obligations3,0282,236Deferred tax liabilities9,9665,607Operating lease liabilities26,71910,539Financing lease liabilities1,4441,346Other long-term liabilities5,412954Total long-term liabilities113,11545,626Commitments and contingencies (Note 18)Stockholders' equityCommon Stock, par value $0.00001 per share, 2,000,000,000 shares authorized; 1,243,345,584 and 858,418,615 shares issued, 1,241,805,706 and 856,905,400 shares outstanding——Additional paid-in capital72,77238,498Treasury stock, at cost, 1,539,878 and 1,513,215 shares issued-11-8Accumulated other comprehensive loss-1,581-868Accumulated deficit-5,836-8,833Total stockholders' equity65,34428,789Total liabilities and stockholders' equity$200,162$86,921
Sprint 2019 Balance Sheet20192018(in millions, except share and per share data)ASSETSCurrent assets:Cash and cash equivalents$6,982$6,610Short-term investments672,354Accounts and notes receivable, net3,5543,711Device and accessory inventory9991,003Prepaid expenses and other current assets1,289575Total current assets12,89114,253Property, plant and equipment, net21,20119,925Costs to acquire a customer contract1,559—Intangible assetsGoodwill4,5986,586FCC licenses and other41,46541,309Definite-lived intangible assets, net1,7692,465Other assets1,118921Total assets$84,601$85,459LIABILITIES AND EQUITYCurrent liabilities:Accounts payable$3,961$3,409Accrued expenses and other current liabilities3,5973,962Current portion of long-term debt, financing and capital lease obligations4,5573,429Total current liabilities12,11510,800Long-term debt, financing and capital lease obligations35,36637,463Deferred tax liabilities7,5567,294Other liabilities3,4373, ...
Kouris Company Consolidated Balance Sheets (in millions) Dec- 31 Year (1).pdf
Kouris Company Consolidated Balance Sheets
(in millions)
Dec. 31
Year 2 Year 1
Assets
Current assets:
Cash and cash equivalents $ 634.0 $ 575.5
Accounts receivable, net of allowance 2,101.1 1,804.1
Inventories 1,514.9 1,373.8
Other current assets 429.9 401.3
Total current assets 4,679.9 4,154.7
Property, plant, and equipment, net 1,620.8 1,614.5
Other long term assets 413.2 670.8
Total assets $6,713.9 $6,440.0
Liabilities and Stockholders' Equity
Current liabilities:
Current portion of long-term debt $ 205.7 $ 55.3
Notes payable 75.4 425.2
Accounts payable 572.7 504.4
Accrued liabilities 1,054.2 765.3
Income taxes payable 107.2 83.0
Total current liabilities 2,015.2 1,833.2
Long term liabilities 708.0 767.8
Total liabilities 2,723.2 2,601.0
Stockholders' equity:
Common stock 2.8 2.8
Contributed capital in excess of par value 589.0 538.7
Unearned stock compensation (0.6) (5.1)
Accumulated other comprehensive loss (239.7) (192.4)
Retained earnings 3,639.2 3,495.0
Total stockholders' equity 3,990.7 3,839.0
Total liabilities and stockholders' equity $6,713.9 $6,440.0
Kouris Company
Consolidated Statement of Income
December 31, Year 2
(in millions)
Revenues $10,697.0
Cost of sales 6,313.6
Gross profit 4,383.4
Operating expenses 3,137.6
Operating income 1,245.8
Interest expense 42.9
Other revenues and expenses 79.9
Income before tax 1,123.0
Income taxes 382.9
Income before effect of accounting change 740.1
Cumulative effect of accounting change, net of tax 266.1
Net income $ 474.0
Brittania, Inc.
Consolidated Balance Sheets
Dec. 31, Dec. 31,
Year 2 Year 1
Assets
Current assets:
Cash and cash equivalents $34.5 $22.2
Accounts receivable, net of allowance 15.5 14.7
Inventories 27.2 28.4
Other current assets 3.5 4.2
Total current assets 80.7 69.5
Property, plant, and equipment, net 5.7 7.0
Other long term assets 1.1 1.5
Total assets $87.5 $78.0Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 8.5 $ 6.6
Accrued liabilities 7.8 5.6
Total current liabilities 16.3 12.2
Long term liabilities 2.5 2.6
Total liabilities 18.8 14.8
Stockholders' equity:
Common stock 2.3 2.3
Contributed capital in excess of par value 17.8 17.4
Unearned stock compensation (0.1) (0.5)
Accumulated other comprehensive loss (0.9) (1.3)
Treasury stock (6.3) (5.4)
Retained earnings 55.9 50.7
Total stockholders' equity 68.7 63.2
Total liabilities and stockholders' equity $87.5 $78.0
Brittania, Inc.
Consolidated Statement of Income
December 31, Year 2
(in millions)
Revenues $133.5
Cost of sales 87.3
Gross profit 46.2
Operating expenses 37.3
Operating income 8.9
Interest expense (0.1)
Other revenues and expenses 0.3
Income before tax 9.1
Income taxes 3.9
Net income $ 5.2
34. The following summaries from the income statements and balance sheets of Kouris Company
and Brittania, Inc. are presented below. (1) For both companies for Year 2, compute the: (a)
Current ratio (b) Acid-test ratio (c) Accounts receivable turnover (d) Inventory turnover (e) Days'
sales in inv.
Broadening Your Perspective 10-1httpedugen.wiley.comed.docx
Broadening Your Perspective 10-1
http://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni[10/21/2015 2:28:27 PM]
Print by: TAMI BLACKWELL
ACC/291 - 49446137 / Assignment: Week 3 Assignment
Broadening Your Perspective 10-1
The financial statements of Tootsie Roll are presented below.
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data)
For the year ended December 31,
2011 2010 2009
Net product sales $528,369 $517,149 $495,592
Rental and royalty revenue 4,136 4,299 3,739
Total revenue 532,505 521,448 499,331
Product cost of goods sold 365,225 349,334 319,775
Rental and royalty cost 1,038 1,088 852
Total costs 366,263 350,422 320,627
Product gross margin 163,144 167,815 175,817
Rental and royalty gross margin 3,098 3,211 2,887
Total gross margin 166,242 171,026 178,704
Selling, marketing and administrative expenses 108,276 106,316 103,755
Impairment charges — — 14,000
Earnings from operations 57,966 64,710 60,949
Other income (expense), net 2,946 8,358 2,100
Earnings before income taxes 60,912 73,068 63,049
Provision for income taxes 16,974 20,005 9,892
Net earnings $43,938 $53,063 $53,157
Net earnings $43,938 $53,063 $53,157
Other comprehensive earnings (loss) (8,740) 1,183 2,845
Comprehensive earnings $35,198 $54,246 $56,002
Retained earnings at beginning of year. $135,866 $147,687 $144,949
Net earnings 43,938 53,063 53,157
Cash dividends (18,360) (18,078) (17,790)
Stock dividends (47,175) (46,806) (32,629)
Retained earnings at end of year $114,269 $135,866 $147,687
Earnings per share $0.76 $0.90 $0.89
Average Common and Class B Common shares outstanding 57,892 58,685 59,425
(The accompanying notes are an integral part of these statements.)
CONSOLIDATED STATEMENTS OF
Financial Position
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES (in thousands except per share data)
Assets December 31,
2011 2010
CURRENT ASSETS:
Cash and cash equivalents $78,612 $115,976
Investments 10,895 7,996
Accounts receivable trade, less allowances of $1,731 and $1,531 41,895 37,394
Other receivables 3,391 9,961
Inventories:
Finished goods and work-in-process 42,676 35,416
Raw materials and supplies 29,084 21,236
Prepaid expenses 5,070 6,499
Deferred income taxes 578 689
Total current assets 212,201 235,167
PROPERTY, PLANT AND EQUIPMENT, at cost:
Land 21,939 21,696
Buildings 107,567 102,934
Machinery and equipment 322,993 307,178
Broadening Your Perspective 10-1
http://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni[10/21/2015 2:28:27 PM]
Construction in progress 2,598 9,243
455,097 440,974
Less—Accumulated depreciation 242,935 225,482
Net property, plant and equipment 212,162 215,492
OTHER ASSETS:
Goodwill 73,237 73,237
Trademarks 175,024 175,024
Investments 96,161 64,461
Split dollar officer life insurance 74,209 74,441
Prepaid expenses 3,212 6,680
Equity method investment 3,935 4,254
Deferred income taxes 7,715 9,203
...
Accounting Analysis Paper
Your Task:
Please read “Problem 3: The Fiat Group in 2008” on page 211 from your textbook (Business Analysis & Valuation: IFRS 5th Edition, Text and Cases - Palepu, Krishna G., Paul M. Healy, Erik Peek).
Please answer the following questions with detailed workings:
Decompose Fiat’s return on equity – 2006 to 2008 (10 marks)
Calculate the line items of the profit and loss as percentages of sales 2006 to 2008 (5 marks)
Calculate the turnover ratios for 2006 to 2008 (5 Marks)
Using the ratios calculated in 1 to 3 above, and interpret the performance. (15 marks)
On your financial analysis provide recommendations for any improvements (5 marks)
Question 4The stockholders’ equity section of Tootsie Roll Industr.docx
Question 4
The stockholders’ equity section of Tootsie Roll Industries’ balance sheet is shown in the Consolidated Statement of Financial Position.
(Note that Tootsie Roll has two classes of common stock. To answer the following questions, add the two classes of stock together.)
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data)
For the year ended December 31,
2011
2010
2009
Net product sales
$528,369
$517,149
$495,592
Rental and royalty revenue
4,136
4,299
3,739
Total revenue
532,505
521,448
499,331
Product cost of goods sold
365,225
349,334
319,775
Rental and royalty cost
1,038
1,088
852
Total costs
366,263
350,422
320,627
Product gross margin
163,144
167,815
175,817
Rental and royalty gross margin
3,098
3,211
2,887
Total gross margin
166,242
171,026
178,704
Selling, marketing and administrative expenses
108,276
106,316
103,755
Impairment charges
—
—
14,000
Earnings from operations
57,966
64,710
60,949
Other income (expense), net
2,946
8,358
2,100
Earnings before income taxes
60,912
73,068
63,049
Provision for income taxes
16,974
20,005
9,892
Net earnings
$43,938
$53,063
$53,157
Net earnings
$43,938
$53,063
$53,157
Other comprehensive earnings (loss)
(8,740
)
1,183
2,845
Comprehensive earnings
$35,198
$54,246
$56,002
Retained earnings at beginning of year.
$135,866
$147,687
$144,949
Net earnings
43,938
53,063
53,157
Cash dividends
(18,360
)
(18,078
)
(17,790
)
Stock dividends
(47,175
)
(46,806
)
(32,629
)
Retained earnings at end of year
$114,269
$135,866
$147,687
Earnings per share
$0.76
$0.90
$0.89
Average Common and Class B Common shares outstanding
57,892
58,685
59,425
(The accompanying notes are an integral part of these statements.)
CONSOLIDATED STATEMENTS OF
Financial Position
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES (in thousands except per share data)
Assets
December 31,
2011
2010
CURRENT ASSETS:
Cash and cash equivalents
$78,612
$115,976
Investments
10,895
7,996
Accounts receivable trade, less allowances of $1,731 and $1,531
41,895
37,394
Other receivables
3,391
9,961
Inventories:
Finished goods and work-in-process
42,676
35,416
Raw materials and supplies
29,084
21,236
Prepaid expenses
5,070
6,499
Deferred income taxes
578
689
Total current assets
212,201
235,167
PROPERTY, PLANT AND EQUIPMENT, at cost:
Land
21,939
21,696
Buildings
107,567
102,934
Machinery and equipment
322,993
307,178
Construction in progress
2,598
9,243
455,097
440,974
Less—Accumulated depreciation
242,935
225,482
Net property, plant and equipment
.
Cover PageCover Page - USD ($) $ in Billions12 Months EndedDec. 31
Cover PageCover Page - USD ($) $ in Billions12 Months EndedDec. 31, 2020Jan. 29, 2021Jun. 30, 2020Cover [Abstract]Document Type10-KDocument Annual ReporttrueDocument Period End DateDec. 31,
2020Current Fiscal Year End Date--12-31Document Transition ReportfalseEntity File Number001-36859Entity Registrant NamePayPal Holdings, Inc.Entity Incorporation, State or Country CodeDEEntity Tax Identification Number47-2989869Entity Address, Address Line One2211 North First StreetEntity Address, City or TownSan Jose,Entity Address, State or ProvinceCAEntity Address, Postal Zip Code95131City Area Code408Local Phone Number967-1000Title of 12(b) SecurityCommon stock, $0.0001 par value per shareEntity Trading SymbolPYPLSecurity Exchange NameNASDAQEntity Well-known Seasoned IssuerYesEntity Voluntary FilersNoEntity Current Reporting StatusYesEntity Interactive Data CurrentYesEntity Filer CategoryLarge Accelerated FilerEntity Small BusinessfalseEntity Emerging Growth CompanyfalseICFR Auditor Attestation FlagtrueEntity Shell CompanyfalseEntity Public Float$ 204.2Entity Common Stock, Shares Outstanding (in shares)1,171,175,760Documents Incorporated by ReferencePortions of the registrant’s definitive proxy statement for its 2021 Annual Meeting of Stockholders are incorporated herein by reference in Part III of this Annual Report on Form 10-K to the extent stated herein. Such proxy statement will be filed with the Securities and Exchange Commission within 120 days of the registrant’s fiscal year ended December 31, 2020.Entity Central Index Key0001633917Document Fiscal Year Focus2020Document Fiscal Period FocusFYAmendment Flagfalse
CONSOLIDATED BALANCE SHEETSCONSOLIDATED BALANCE SHEETS - USD ($) $ in MillionsDec. 31, 2020Dec. 31, 2019Current assets:Cash and cash equivalents$ 4,794$ 7,349Short-term investments8,2893,412Accounts receivable, net577435Loans and interest receivable, net of allowances of $838 and $258 as of December 31, 2020 and 2019, respectively2,7693,972Funds receivable and customer accounts33,41822,527Prepaid expenses and other current assets1,148800Total current assets50,99538,495Long-term investments6,0892,863Property and equipment, net1,8071,693Goodwill9,1356,212Intangible assets, net1,048778Other assets1,3051,292Total assets70,37951,333Current liabilities:Accounts payable252232Funds payable and amounts due to customers35,41824,527Accrued expenses and other current liabilities2,6482,087Income taxes payable12973Total current liabilities38,44726,919Deferred tax liability and other long-term liabilities2,9302,520Long-term debt8,9394,965Total liabilities50,31634,404Commitments and contingencies (Note 13)Equity:Common stock, $0.0001 par value; 4,000 shares authorized; 1,172 and 1,173 shares outstanding as of December 31, 2020 and 2019, respectively00Preferred stock, $0.0001 par value; 100 shares authorized, unissued00Treasury stock at cost, 117 and 105 shares as of December 31, 2020 and 2019, respectively(8,507)(6,872)Additional paid-in-capital16,64415 ...
Jan 18, 2013 at 217pmNo unread replies.No replies.Post yo.docx
Jan 18, 2013 at 2:17pm
No unread replies.
No replies.
Post your definition of the apostrophe as you derived it from the section on the apostrophe in LB pages 316 - 322. What surprised you about the apostrophe? Give at least 2 examples of correct usage of the apostrophe from your own writing. Give examples of badly used apostrophes you have seen in public writing. Indicate the rule that determines correct usage
.
Jan 10, 20141.Definition of law A set of rules and proced.docx
Jan 10, 2014
1.
Definition of law:
A set of rules and procedures usually intended to regulate some aspect of society.
(
Joanne B, H. (2010).
Introduction to law
. (4th ed., Vol. Edition). (Page 2)
2.
What are some historical origins of a civil law legal system?
3.
Identify the historical origin of a common law legal system.
4.
What is the difference between a civil law legal system and a common law legal system?
5.
What is meant by jurisprudence?
6.
Describe three major philosophical theories of law.
This is the 1st weeks assignment....will send the rest by the week until week 7 also Midterm and Final.
.
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1Exercise 8-4The ledger of Wainwright Company at the end of the cu.docx
1Exercise 8-4
The ledger of Wainwright Company at the end of the current year shows Accounts Receivable $76,000; Credit Sales $801,000; and Sales Returns and Allowances $50,000.
(Credit account titles are automatically indented when amount is entered. Do not indent manually.)
(a)
If Wainwright uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Wainwright determines that Hiller’s $1,000 balance is uncollectible.
(b)
If Allowance for Doubtful Accounts has a credit balance of $990 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 11% of accounts receivable.
(c)
If Allowance for Doubtful Accounts has a debit balance of $850 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 8% of accounts receivable.
No.
Account Titles and Explanation
Debit
Credit
(a)
2
Broadening Your Perspective 8-1
The financial statements of
Tootsie Roll
are presented below.
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data)
For the year ended December 31,
2011
2010
2009
Net product sales
$528,369
$517,149
$495,592
Rental and royalty revenue
4,136
4,299
3,739
Total revenue
532,505
521,448
499,331
Product cost of goods sold
365,225
349,334
319,775
Rental and royalty cost
1,038
1,088
852
Total costs
366,263
350,422
320,627
Product gross margin
163,144
167,815
175,817
Rental and royalty gross margin
3,098
3,211
2,887
Total gross margin
166,242
171,026
178,704
Selling, marketing and administrative expenses
108,276
106,316
103,755
Impairment charges
—
—
14,000
Earnings from operations
57,966
64,710
60,949
Other income (expense), net
2,946
8,358
2,100
Earnings before income taxes
60,912
73,068
63,049
Provision for income taxes
16,974
20,005
9,892
Net earnings
$43,938
$53,063
$53,157
Net earnings
$43,938
$53,063
$53,157
Other comprehensive earnings (loss)
(8,740
)
1,183
2,845
Comprehensive earnings
$35,198
$54,246
$56,002
Retained earnings at beginning of year.
$135,866
$147,687
$144,949
Net earnings
43,938
53,063
53,157
Cash dividends
(18,360
)
(18,078
)
(17,790
)
Stock dividends
(47,175
)
(46,806
)
(32,629
)
Retained earnings at end of year
$114,269
$135,866
$147,687
Earnings per share
$0.76
$0.90
$0.89
Average Common and Class B Common shares outstanding
57,892
58,685
59,425
(The accompanying notes are an integral part of these statements.)
CONSOLIDATED STATEMENTS OF
Financial Position
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES (in thousands except per share data)
Assets
December 31,
2011
2010
CURRE.
The following are the financial statements for Nederland Consumer .docx
The following are the financial statements for Nederland Consumer Products Company for the fiscal year ended September 30, 2011.
Nederland Consumer Products Company
Income Statement for the Fiscal Year
Ended September 30, 2011
Net sales
$
62,141
Cost of goods sold
26,906
Gross margin
$
35,235
Marketing, research, administrative exp.
15,715
Depreciation
776
Operating income(loss)
$
18,744
Interest expense
499
Earnings(loss) before income taxes
$
18,245
Income taxes
5,623
Net earnings(loss)
$
12,622
Nederland Consumer Products Company
Balance Sheet as of September 30, 2011
Assets:
Liabilities and Stockholder's Equity:
Cash and marketable securities
$
6,807
Accounts payable
$
2,776
Investment securities
353
Accrued and other liabilities
7,780
Accounts receivable
3,288
Taxes payable
2,047
Total inventories
5,376
Debt due within one year
7,490
Deferred income taxes
882
Prepaid expenses & other receivables
1,991
Total current assets
$
18,697
Total current liabilities
$
20,093
Property, plant, and equip., at cost
30,215
Long-term debt
12,217
Less: Accumulated depreciation
9,653
Deferred income taxes
2,543
Net plant and equipment
$
20,562
Other non-current liabilities
3,504
Net goodwill & other intangible assets
23,970
Total liabilities
$
38,357
Other non-current assets
1,622
Convertible Class A preferred stock
1,696
Common stock
1,608
Retained earnings
23,190
Total stockholders’ equity (deficit)
$
26,494
Total assets
$
64,851
Total liabilities and stockholders’ equity
$
64,851
Calculate all the ratios, for which industry figures are available below, for Nederland and compare the firm’s ratios with the industry ratios.
(Round current ratio, quick ratio, debt ratio, long term debt ratio answers to 2 decimal places, e.g. 12.25 and other answers to 1 decimal place, e.g.12.5 or 12.5%.)
Industry Average
Current Ratio
2.05
[removed]
times
Quick Ratio
0.78
[removed]
times
Gross margin
23.9
%
[removed]
%
Net profit margin
12.3
%
[removed]
%
Debt ratio
0.23
[removed]
times
Long-term debt to equity
0.98
[removed]
times
Interest coverage
5.62
[removed]
ROA
5.3
%
[removed]
%
ROE
18.8
%
[removed]
%
.
Consolidated Statements of OperConsolidated Statements of Operatio.docx
Consolidated Statements of OperConsolidated Statements of Operations - USD ($) shares in Millions, $ in Millions12 Months EndedFeb. 03, 2018Jan. 28, 2017Jan. 30, 2016Income Statement [Abstract]Sales$ 71,879$ 69,495$ 73,785Cost of sales (a)[1]51,12549,14552,241Gross margin20,75420,35021,544Selling, general and administrative expenses14,24813,35614,665Depreciation and amortization (exclusive of depreciation included in cost of sales)[1]2,1942,0251,969Gain on sale00(620)Earnings from continuing operations before interest expense and income taxes4,3124,9695,530Net interest expense6661,004607Earnings from continuing operations before income taxes3,6463,9654,923Provision for income taxes7181,2961,602Net earnings from continuing operations2,9282,6693,321Discontinued operations, net of tax66842Net earnings$ 2,934$ 2,737$ 3,3634.1%3.9%4.6%Basic earnings per shareContinuing operations (in dollars per share)$ 5.35$ 4.62$ 5.29Discontinued operations (in dollars per share)0.010.120.07Net earnings/(loss) per share (in dollars per share)5.364.745.35Diluted earnings per shareContinuing operations (in dollars per share)5.324.585.25Discontinued operations (in dollars per share)0.010.120.07Net earnings/(loss) per share (in dollars per share)$ 5.33$ 4.70$ 5.31Weighted average common shares outstandingBasic (in shares)546.8577.6627.7Dilutive effect of share-based awards (in shares)3.54.95.2Diluted (in shares)550.3582.5632.9Antidilutive shares (in shares)4.10.10Dividends declared per share (in dollars per share)$ 2.46$ 2.36$ 2.20
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FS-3FORD MOTOR COMPANY AND SUBSIDIARIESCONSOLIDATED INCO.docx
FS-3
FORD MOTOR COMPANY AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENT
(in millions, except per share amounts)
For the years ended December 31,
2016 2017 2018
Revenues
Automotive $ 141,546 $ 145,653 $ 148,294
Ford Credit 10,253 11,113 12,018
Mobility 1 10 26
Total revenues (Note 4) 151,800 156,776 160,338
Costs and expenses
Cost of sales 126,195 131,321 136,269
Selling, administrative, and other expenses 10,972 11,527 11,403
Ford Credit interest, operating, and other expenses 8,847 9,047 9,463
Total costs and expenses 146,014 151,895 157,135
Interest expense on Automotive debt 894 1,133 1,171
Interest expense on Other debt 57 57 57
Other income/(loss), net (Note 5) 169 3,267 2,247
Equity in net income of affiliated companies 1,780 1,201 123
Income before income taxes 6,784 8,159 4,345
Provision for/(Benefit from) income taxes (Note 7) 2,184 402 650
Net income 4,600 7,757 3,695
Less: Income/(Loss) attributable to noncontrolling interests 11 26 18
Net income attributable to Ford Motor Company $ 4,589 $ 7,731 $ 3,677
EARNINGS PER SHARE ATTRIBUTABLE TO FORD MOTOR COMPANY COMMON AND CLASS B STOCK (Note 8)
Basic income $ 1.16 $ 1.94 $ 0.93
Diluted income 1.15 1.93 0.92
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(in millions)
For the years ended December 31,
2016 2017 2018
Net income $ 4,600 $ 7,757 $ 3,695
Other comprehensive income/(loss), net of tax (Note 21)
Foreign currency translation (1,024) 314 (523)
Marketable securities (8) (34) (11)
Derivative instruments 219 (265) 183
Pension and other postretirement benefits 56 37 (56)
Total other comprehensive income/(loss), net of tax (757) 52 (407)
Comprehensive income 3,843 7,809 3,288
Less: Comprehensive income/(loss) attributable to noncontrolling interests 10 24 18
Comprehensive income attributable to Ford Motor Company $ 3,833 $ 7,785 $ 3,270
The accompanying notes are part of the consolidated financial statements.
FS-4
FORD MOTOR COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(in millions)
December 31,
2017
December 31,
2018
ASSETS
Cash and cash equivalents (Note 9) $ 18,492 $ 16,718
Marketable securities (Note 9) 20,435 17,233
Ford Credit finance receivables, net (Note 10) 52,210 54,353
Trade and other receivables, less allowances of $412 and $94 10,599 11,195
Inventories (Note 12) 11,176 11,220
Other assets 3,889 3,930
Total current assets 116,801 114,649
Ford Credit finance receivables, net (Note 10) 56,182 55,544
Net investment in operating leases (Note 13) 28,235 29,119
Net property (Note 14) 35,327 36,178
Equity in net assets of affiliated companies (Note 15) 3,085 2,709
Deferred income taxes (Note 7) 10,762 10,412
Other assets 8,104 7,929
Total assets $ 258,496 $ 256,540
LIABILITIES
Payables $ 23,282 $ 21,520
Other liabilities and deferred revenue (Note 16) 19,697 20,556
Automotive debt payable within one year (Note 18) 3,356 2,314
Ford Credit debt payable within one year (Note 18) 48,265 51,179
Total current liabilities 94,600 95,56.
Question 1 Your answer is correct. Indicate whether each o.docx
Question 1
Your answer is correct.
Indicate whether each of the following statements is true or false.
1.
The corporation is an entity separate and distinct from its owners.
True
2.
The liability of stockholders is normally limited to their investment in the corporation.
True
3.
The relative lack of government regulation is an advantage of the corporate form of business.
False
4.
There is no journal entry to record the authorization of capital stock.
True
5.
No-par value stock is quite rare today.
False
Question 2
Your answer is correct.
Garcia Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review what he had learned earlier about corporation accounting. During the first month, he made the following entries for the corporation’s capital stock.
May 2
Cash
103,320
Capital Stock
103,320
(Issued 7,380 shares of $11 par value common stock at $14 per share)
10
Cash
736,170
Capital Stock
736,170
(Issued 13,890 shares of $19 par value preferred stock at $53 per share)
15
Capital Stock
7,800
Cash
7,800
(Purchased 600 shares of common stock for the treasury at $13 per share)
On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
May 2
Cash
103320
Common Stock
81180
Paid-in Capital in Excess of Par Value-Common Stock
22140
May 10
Cash
736170
Preferred Stock
263910
Paid-in Capital in Excess of Par Value-Preferred Stock
472260
May 15
Treasury Stock
7800
Cash
7800
Question 3
Your answer is correct.
On October 31, the stockholders’ equity section of Pele Company’s balance sheet consists of common stock $787,200 and retained earnings $424,200.
Pele is considering the following two courses of action:
(1)
Declaring a 6% stock dividend on the 98,400 $8 par value shares outstanding
(2)
Effecting a 2-for-1 stock split that will reduce par value to $4 per share.
The current market price is $18 per share.
Prepare a tabular summary of the effects of the alternative actions on the company’s stockholders’ equity and outstanding shares.
Pele Company’s
Balance Sheet
Before Action
After Stock Dividend
After Stock Split
Stockholders’ equity
Paid-in capital
$ 787200
$ 893472
$ 787200
Retained earnings
424200
317928
424200
Total stockholders’ equity
$ 1211400
$ 1211400
$ 1211400
Outstanding shares
98400
104304
196800
Question 4
The stockholders’ equity section of Tootsie Roll Industries’ balance sheet is shown in the Consolidated Statement of Financial Position. (N ...
Riordan Manufacturing, Inc.Consolidated Balance Sheet Fi.docx
Riordan Manufacturing, Inc.
Consolidated Balance Sheet
Fiscal Year Ending
September 30th
2011
2010
Assets
Current Assets
Cash
$3,725,406
$2,807,029
Accounts Receivable
3,192,094
2,695,342
Current Portion of Notes Receivable
84,255
102,976
Inventories
9,709,611
8,517,203
Prepaid Expenses and Other Items
666,591
402,240
Total Current Assets
$17,377,957
$14,524,790
Notes Receivable, less current portion
$842,551
$936,168
Investment in Joint Venture
1,734,004
1,609,004
Property, Plant and Equipment - net
26,366,949
16,658,218
Intangible Assets - net
904,473
904,473
Other Assets
183,203
192,845
Total Assets
$47,409,137
$34,825,498
Liabilities and Stockholders' Equity
Current Liabilities
Current Portion of Long-Term Debt
$1,560,959
$474,032
Accounts Payable
1,141,561
1,391,385
Accrued Liabilities
430,477
524,685
Income Taxes Payable
552,155
359,955
Total Current Liabilities
$3,685,152
$2,750,057
Bank Line of Credit
$114,759
$295,865
Long-Term Debt - less current portion
9,500,741
1,006,955
Deferred Income Taxes - net
660,503
825,629
Total Liabilities
$13,961,155
$4,878,506
Common Stock
Stated par value is $.01.
20,000,000 shares authorized.
Issued and Outstanding 15,801,332 net of treasury shares.
$29,055,488
$29,055,488
Retained Earnings / (Accumulated Deficit)
4,392,494
891,504
Total Stockholders' Equity
$33,447,982
$29,946,992
Total Liabilities and Stockholders' Equity
$47,409,137
$34,825,498
Balance SheetRiordan Manufacturing, Inc.Consolidated Balance SheetFiscal Year Ending September 30th20102009200820072006200520042003AssetsCurrent AssetsCash$2,807,029$1,511,253$1,040,639$1,442,507$1,336,319$305,563$357,216$85,632Accounts Receivable$2,695,342$2,644,307$2,883,964$4,544,138$4,855,334$6,062,838$5,657,216$6,556,160Current Portion of Notes Receivable$102,976$117,475$107,107$109,293$95,538$70,825$117,888$13,184Inventories$8,517,203$7,123,790$8,305,690$7,919,987$7,224,947$7,850,970$7,854,112$8,074,880Deferred Income Taxes - net$0$0$0$0$0$0$328,832$349,184Pre-paid Expenses and Other Items$402,240$458,875$279,336$294,038$256,903$264,896$328,192$336,128Total Current Assets$14,524,790$11,855,700$12,616,736$14,309,963$13,769,041$14,555,092$14,643,456$15,415,168Notes Receivable, less current portion$936,168$1,067,953$1,102,260$1,124,755$986,627$256,583$177,408$431,104Investment in Joint Venture$1,609,004$1,333,504$1,183,504$1,058,504$858,504$283,504$133,504$139,136Property, Plant & Equipment - net$16,658,218$17,767,486$18,869,612$18,424,594$24,510,830$19,114,830$18,511,360$19,205,120Intangible Assets - net$904,473$904,473$550,590$550,590$550,590$329,405$336,128$395,136Other Assets$192,845$175,314$106,721$108,899$107,821$52,768$54,400$51,840Total Assets$34,825,498$33,104,430$34,429,423$35,577,305$40,783,413$34,592,182$33,856,256$35,637,504Liabilities and Stockholders' EquityCurrent LiabilitiesCurrent Portion of Long-Term Debt$474,032$484,894$497,480$495,515$538,046$1,219,258$1,106,304$1,73 ...
Calculating between the years 2022 and 2021 -iablities- Current -Abstr.pdf
Calculating between the years 2022 and 2021
[iablities, Current [Abstract] Accounts payable Accrued and other current liabilities Deferred net
revenue (online-enabled games) Total current fabilities Senior notes, net income tax obligations
Deferred income taxes, net Other liabilites rOTAL UABIUTIES Commitments and
contingencies (See Note 14) \begin{tabular}{|r|r|r|} \hline 101 & 96 & 68 \\ \hline 1,388 & 1,341
& 1,052 \\ \hline 2,024 & 1,527 & 945 \\ \hline 3,513 & 2,964 & 599 \\ \hline 1,878 & 1,876 &
2,664 \\ \hline 386 & 315 & 397 \\ \hline 1 & 43 & 373 \\ \hline 6,175 & 250 & 1 \\ \hline &
5,448 & 216 \\ \hline \end{tabular} Stodholders' equity: Preferred stock, 50.01 par value, 10
shares authorized Common stock, $0.01 par value. 1,000 shares authorized, 280 and 286 shares
issued and outstandine, respectively Additonal paidin capital Retained earnings Accumulated
other comprehensive loss Total stocknolders' equity TOTAL LABILTIES AND
STOCKHOLDERS EQUITY Preferred stock, par value Preferred stook, shares authorized
Common stock, par value Common stock, shares authorized Common stock, shares issued
Common stock, shares outstanding Consolidated Statements of Operations - USD (\$) shares 12
Months Ended 25 Commitments and contingencies (See Note 14) 26 Stockhoiders' equity. (7)
Pteferred stock, \$o.01 par value. 10 shares authorized 21 income tax obligations 22 Deferred
income taxes, net. 23 Other liabilites 24 TOTAL Liabiumies Commitments and contingencies
(See Note 14) stockholders' equity: Preferred stock, $0.01 par value 10 shares authorized
Common stock, 50.01 par value 1,000 shares authorized; 286 and 288 shares 1 Addibonal paid in
capital Retained eamings Accumulated other comprehensive loss Total stockholders' equity
TOTAL UABIUTIES AND STOCKHOLDERS' EQUITY Preferred stock, par value 35
Preferred stock, shares authorized 36 Common stock, par value 37. Common stock, shares
authorized 35 Common stock shares issued 39 common stock, shares outstanding 40
Accumulated other Consolddated Statements of Stocholder:' Tquity - USo Common stock
Additional Paid in Capital (\$) shares in Thounands. 5 in Mifions total (2oss) increase (Decreate)
in stodholden' Cquity (Boll stockholdyes' Fueity Amatiouble to Darent. Begnning balano (in
shere) at Mar 31, 2019 30 0 Begnning balanoe at Mar. 31, 2015 55 , 331 5 , 33 ! 53 $3 298 , 407
(10) thereare (Decreate) in stockholder' Equity irell other coing ofenenve income (loss) before
Amounts redissifed form accumplated other ( 64 ) 44 cunverelemine incone (loss)
Comprehersive income (coss), Net of Tas, Atributable (ro) to mearent Anc, share baied favenent
Arrangement, locoese for cont henomentah stock thoed Ouring Penot, Sharev, New iveet stock
Ksued ourins Perod, Valve, New luwes, (29) ir. Stoxk fepurthased and getyed Dorns Pernd,
shares 14 Sock liepunduzed and netired buaing Fenod, value Ending batance (n shares) at Mar.
11,2090 Inding balance at Mar, 31, 2020 insrease (Decrease) in Stackholders' Equity IRool.
The Orlando MedicalOrlando Medical Corporation financial statements.pdf
The Orlando MedicalOrlando Medical Corporation financial statements? follow: LOADING...
?(Click the icon to view the consolidated balance? sheets.) LOADING... ?(Click the icon to view
the consolidated income? statements.) Orlando MedicalOrlando Medical?\'s inventory turnover
during fiscal year 20142014 was A. 8484 times. B. ?$35 comma 16435,164. C. very slow. D.
138.0138.0 times. Orlando Medical Corporation Consolidated Statements of Financial Position
December 31, (In Millions) 2014 2013 Assets: Current assets Cash and cash equivalents $4,344
$4,237 Accounts and notes receivable 3,402 2,409 Short-term investments 855 504 Inventories,
at cost 435 404 Prepaid expense and other current assets 1,638 1,220 Total current assets 10,674
8,774 Property and equipment, net 1,560 933 Investments 6,804 5,300 Other non-current assets
301 160 Total assets $19,339 $15,167 Liabilities and stockholder\'s equity: Current liabilities
Accounts payable $7,703 $6,002 Accrued and other liabilities 3,787 3,011 Total current
liabilities 11,490 9,013 Long-term debt 305 306 Other non-current liabilities 1,687 1,177 Total
liabilities 13,482 10,496 Stockholders’ equity Preferred stock and capital in excess of $0.02 par
value; shares issued and outstanding: none - - Common stock and capital in excess of $0.05 par
value; shares authorized: 6,000; shares issued: 2,112 and 1,852, respectively 7,804 7,001
Treasury stock, at cost; 184 and 124 shares, respectively (6,333) (4,401) Retained earnings 4,516
2,162 Other comprehensive loss (98) (49) Other (32) (42) Total stockholders’ equity 5,857 4,671
Total liabilities and stockholders’ equity $19,339 $15,167 PrintDone Orlando Medical
Corporation Consolidated Statements of Income Year ended December 31, (In Millions, Except
per Share Amounts) 2014 2013 2012 Net revenue $42,667 $35,613 $31,124 Cost of goods sold
35,164 29,270 25,478 Gross profit 7,503 6,343 5,646 Operating expenses: Selling, general, and
administrative 3,747 3,275 2,600 Research, development, and engineering 584 560 534 Special
charges - - 503 Total operating expenses 4,331 3,835 3,637 Operating income 3,172 2,508 2,009
Investment and other income (loss), net 195 194 (78) Income before income taxes 3,367 2,702
1,931 Income tax expense 1,100 912 475 Net income $2,267 $1,790 $1,456 Earnings per
common share: Basic $1.24 $0.94 $0.41
Solution
Answer : A. 84 times
=> Inventory t/o = COGS/average inventoryYear20142014Cost of Goods
Sold3516435164Average Inventory(435+404)/2419.5Inventory Turnover83.82.
3. (TCO C) Please review the following real-world Hewlett Packard .docx
3. (TCO C) Please review the following real-world Hewlett Packard Statement of Cash flows and address the two questions below:
Cash flow from operating activities
In millions
In millions
For the year ended 2012
For the year ended 2011
Net (loss) earnings
$(12,650)
$7,074
Depreciation and amortization
5,095
4,984
Impairment of goodwill and purchased intangible assets
18,035
885
Stock-based compensation expense
635
685
Provision for doubtful accounts
142
81
Provision for inventory
277
217
Restructuring charges
2,266
645
Deferred taxes on earnings
(711)
166
Excess tax benefit from stock-based competition
(12)
(163)
Other, net
265
(46)
Accounts and financing receivables
1,269
(227)
Inventory
890
(1,252)
Accounts payable
(1,414)
275
Taxes on earnings
(320)
610
Restructuring
(840)
(1,002)
Other assets and liabilities
(2,356)
(293)
Net cash provided by operating activities
10,571
12,639
Cash flows from investing activities:
Investment in property, plant, and equipment
(3,706)
(4,539)
Proceeds from sale of property, plant, and equipment
617
999
Purchases of available-for-sale securities and other investments
(972)
(96)
Maturities and sales of available-for-sale securities and other investment
662
68
Payments in connection with business acquisitions, net of cash acquired
(141)
(10,480)
Proceeds from business divestiture, net
87
89
Net cash used in investing activities
(3,453)
(13,959)
Cash flow from financing activities:
(Payments) issuance of commercial paper and notes payable, net
(2,775)
(1,270)
Issuance of debt
5,154
11,942
Payment of debt
(4,333)
(2,336)
Issuance of common stock under employee stock plans
716
896
Repurchase of common stock
(1,619)
(10,117)
Excess tax benefit from stock-based compensation
12
163
Cash dividends paid
(1,015)
(844)
Net cash used in financing activities
(3,860)
(1,566)
Increase (decrease) in cash and cash equivalents
3,258
(2,886)
Cash and cash equivalents at beginning of period
8,043
10,929
Cash and cash equivalents at end of period
$11,301
$8,043
Required:
1) Please calculate the percentage increase or decrease in cash for the total line of the operating, investing, and financing sections bolded above and explain the major reasons for the increase or decrease for each of these sections.
2) Please calculate the free cash flow for 2012 and explain the meaning of this ratio.
4. You are CFO of Goforit, Inc., a wholesale distribution company specializing in emerging technologies. Your CEO is a brilliant marketer, but relies on you to explain issues and choices in accounting and finance. She has heard from other members of a CEO organization to which she belongs that a company’s net income can vary widely depending on which accounting choices are made from the “GAAP menu.”
Assuming the goal is to maximize net income, choose an accounting treatment from each of the following scenarios, and explain to your CEO why the choice will produce the desired effect on reported Net Incom.
T-mobile 2020 Balance sheetin millions, except share and per shar
T-mobile 2020 Balance sheetin millions, except share and per share amounts)December 31,
2020December 31,
2019AssetsCurrent assetsCash and cash equivalents$10,385$1,528Accounts receivable, net of allowance for credit losses of $194 and $614,2541,888Equipment installment plan receivables, net of allowance for credit losses and imputed discount of $478 and $3333,5772,600Accounts receivable from affiliates2220Inventory2,527964Prepaid expenses624333Other current assets2,4961,972Total current assets23,8859,305Property and equipment, net41,17521,984Operating lease right-of-use assets28,02110,933Financing lease right-of-use assets3,0282,715Goodwill11,1171,930Spectrum licenses82,82836,465Other intangible assets, net5,298115Equipment installment plan receivables due after one year, net of allowance for credit losses and imputed discount of $127 and $662,0311,583Other assets2,7791,891Total assets$200,162$86,921Liabilities and Stockholders' EquityCurrent liabilitiesAccounts payable and accrued liabilities$10,196$6,746Payables to affiliates157187Short-term debt4,57925Deferred revenue1,030631Short-term operating lease liabilities3,8682,287Short-term financing lease liabilities1,063957Other current liabilities8101,673Total current liabilities21,70312,506Long-term debt61,83010,958Long-term debt to affiliates4,71613,986Tower obligations3,0282,236Deferred tax liabilities9,9665,607Operating lease liabilities26,71910,539Financing lease liabilities1,4441,346Other long-term liabilities5,412954Total long-term liabilities113,11545,626Commitments and contingencies (Note 18)Stockholders' equityCommon Stock, par value $0.00001 per share, 2,000,000,000 shares authorized; 1,243,345,584 and 858,418,615 shares issued, 1,241,805,706 and 856,905,400 shares outstanding——Additional paid-in capital72,77238,498Treasury stock, at cost, 1,539,878 and 1,513,215 shares issued-11-8Accumulated other comprehensive loss-1,581-868Accumulated deficit-5,836-8,833Total stockholders' equity65,34428,789Total liabilities and stockholders' equity$200,162$86,921
Sprint 2019 Balance Sheet20192018(in millions, except share and per share data)ASSETSCurrent assets:Cash and cash equivalents$6,982$6,610Short-term investments672,354Accounts and notes receivable, net3,5543,711Device and accessory inventory9991,003Prepaid expenses and other current assets1,289575Total current assets12,89114,253Property, plant and equipment, net21,20119,925Costs to acquire a customer contract1,559—Intangible assetsGoodwill4,5986,586FCC licenses and other41,46541,309Definite-lived intangible assets, net1,7692,465Other assets1,118921Total assets$84,601$85,459LIABILITIES AND EQUITYCurrent liabilities:Accounts payable$3,961$3,409Accrued expenses and other current liabilities3,5973,962Current portion of long-term debt, financing and capital lease obligations4,5573,429Total current liabilities12,11510,800Long-term debt, financing and capital lease obligations35,36637,463Deferred tax liabilities7,5567,294Other liabilities3,4373, ...
Kouris Company Consolidated Balance Sheets (in millions) Dec- 31 Year (1).pdf
Kouris Company Consolidated Balance Sheets
(in millions)
Dec. 31
Year 2 Year 1
Assets
Current assets:
Cash and cash equivalents $ 634.0 $ 575.5
Accounts receivable, net of allowance 2,101.1 1,804.1
Inventories 1,514.9 1,373.8
Other current assets 429.9 401.3
Total current assets 4,679.9 4,154.7
Property, plant, and equipment, net 1,620.8 1,614.5
Other long term assets 413.2 670.8
Total assets $6,713.9 $6,440.0
Liabilities and Stockholders' Equity
Current liabilities:
Current portion of long-term debt $ 205.7 $ 55.3
Notes payable 75.4 425.2
Accounts payable 572.7 504.4
Accrued liabilities 1,054.2 765.3
Income taxes payable 107.2 83.0
Total current liabilities 2,015.2 1,833.2
Long term liabilities 708.0 767.8
Total liabilities 2,723.2 2,601.0
Stockholders' equity:
Common stock 2.8 2.8
Contributed capital in excess of par value 589.0 538.7
Unearned stock compensation (0.6) (5.1)
Accumulated other comprehensive loss (239.7) (192.4)
Retained earnings 3,639.2 3,495.0
Total stockholders' equity 3,990.7 3,839.0
Total liabilities and stockholders' equity $6,713.9 $6,440.0
Kouris Company
Consolidated Statement of Income
December 31, Year 2
(in millions)
Revenues $10,697.0
Cost of sales 6,313.6
Gross profit 4,383.4
Operating expenses 3,137.6
Operating income 1,245.8
Interest expense 42.9
Other revenues and expenses 79.9
Income before tax 1,123.0
Income taxes 382.9
Income before effect of accounting change 740.1
Cumulative effect of accounting change, net of tax 266.1
Net income $ 474.0
Brittania, Inc.
Consolidated Balance Sheets
Dec. 31, Dec. 31,
Year 2 Year 1
Assets
Current assets:
Cash and cash equivalents $34.5 $22.2
Accounts receivable, net of allowance 15.5 14.7
Inventories 27.2 28.4
Other current assets 3.5 4.2
Total current assets 80.7 69.5
Property, plant, and equipment, net 5.7 7.0
Other long term assets 1.1 1.5
Total assets $87.5 $78.0Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 8.5 $ 6.6
Accrued liabilities 7.8 5.6
Total current liabilities 16.3 12.2
Long term liabilities 2.5 2.6
Total liabilities 18.8 14.8
Stockholders' equity:
Common stock 2.3 2.3
Contributed capital in excess of par value 17.8 17.4
Unearned stock compensation (0.1) (0.5)
Accumulated other comprehensive loss (0.9) (1.3)
Treasury stock (6.3) (5.4)
Retained earnings 55.9 50.7
Total stockholders' equity 68.7 63.2
Total liabilities and stockholders' equity $87.5 $78.0
Brittania, Inc.
Consolidated Statement of Income
December 31, Year 2
(in millions)
Revenues $133.5
Cost of sales 87.3
Gross profit 46.2
Operating expenses 37.3
Operating income 8.9
Interest expense (0.1)
Other revenues and expenses 0.3
Income before tax 9.1
Income taxes 3.9
Net income $ 5.2
34. The following summaries from the income statements and balance sheets of Kouris Company
and Brittania, Inc. are presented below. (1) For both companies for Year 2, compute the: (a)
Current ratio (b) Acid-test ratio (c) Accounts receivable turnover (d) Inventory turnover (e) Days'
sales in inv.
Broadening Your Perspective 10-1httpedugen.wiley.comed.docx
Broadening Your Perspective 10-1
http://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni[10/21/2015 2:28:27 PM]
Print by: TAMI BLACKWELL
ACC/291 - 49446137 / Assignment: Week 3 Assignment
Broadening Your Perspective 10-1
The financial statements of Tootsie Roll are presented below.
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data)
For the year ended December 31,
2011 2010 2009
Net product sales $528,369 $517,149 $495,592
Rental and royalty revenue 4,136 4,299 3,739
Total revenue 532,505 521,448 499,331
Product cost of goods sold 365,225 349,334 319,775
Rental and royalty cost 1,038 1,088 852
Total costs 366,263 350,422 320,627
Product gross margin 163,144 167,815 175,817
Rental and royalty gross margin 3,098 3,211 2,887
Total gross margin 166,242 171,026 178,704
Selling, marketing and administrative expenses 108,276 106,316 103,755
Impairment charges — — 14,000
Earnings from operations 57,966 64,710 60,949
Other income (expense), net 2,946 8,358 2,100
Earnings before income taxes 60,912 73,068 63,049
Provision for income taxes 16,974 20,005 9,892
Net earnings $43,938 $53,063 $53,157
Net earnings $43,938 $53,063 $53,157
Other comprehensive earnings (loss) (8,740) 1,183 2,845
Comprehensive earnings $35,198 $54,246 $56,002
Retained earnings at beginning of year. $135,866 $147,687 $144,949
Net earnings 43,938 53,063 53,157
Cash dividends (18,360) (18,078) (17,790)
Stock dividends (47,175) (46,806) (32,629)
Retained earnings at end of year $114,269 $135,866 $147,687
Earnings per share $0.76 $0.90 $0.89
Average Common and Class B Common shares outstanding 57,892 58,685 59,425
(The accompanying notes are an integral part of these statements.)
CONSOLIDATED STATEMENTS OF
Financial Position
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES (in thousands except per share data)
Assets December 31,
2011 2010
CURRENT ASSETS:
Cash and cash equivalents $78,612 $115,976
Investments 10,895 7,996
Accounts receivable trade, less allowances of $1,731 and $1,531 41,895 37,394
Other receivables 3,391 9,961
Inventories:
Finished goods and work-in-process 42,676 35,416
Raw materials and supplies 29,084 21,236
Prepaid expenses 5,070 6,499
Deferred income taxes 578 689
Total current assets 212,201 235,167
PROPERTY, PLANT AND EQUIPMENT, at cost:
Land 21,939 21,696
Buildings 107,567 102,934
Machinery and equipment 322,993 307,178
Broadening Your Perspective 10-1
http://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni[10/21/2015 2:28:27 PM]
Construction in progress 2,598 9,243
455,097 440,974
Less—Accumulated depreciation 242,935 225,482
Net property, plant and equipment 212,162 215,492
OTHER ASSETS:
Goodwill 73,237 73,237
Trademarks 175,024 175,024
Investments 96,161 64,461
Split dollar officer life insurance 74,209 74,441
Prepaid expenses 3,212 6,680
Equity method investment 3,935 4,254
Deferred income taxes 7,715 9,203
...
Accounting Analysis Paper
Your Task:
Please read “Problem 3: The Fiat Group in 2008” on page 211 from your textbook (Business Analysis & Valuation: IFRS 5th Edition, Text and Cases - Palepu, Krishna G., Paul M. Healy, Erik Peek).
Please answer the following questions with detailed workings:
Decompose Fiat’s return on equity – 2006 to 2008 (10 marks)
Calculate the line items of the profit and loss as percentages of sales 2006 to 2008 (5 marks)
Calculate the turnover ratios for 2006 to 2008 (5 Marks)
Using the ratios calculated in 1 to 3 above, and interpret the performance. (15 marks)
On your financial analysis provide recommendations for any improvements (5 marks)
Question 4The stockholders’ equity section of Tootsie Roll Industr.docx
Question 4
The stockholders’ equity section of Tootsie Roll Industries’ balance sheet is shown in the Consolidated Statement of Financial Position.
(Note that Tootsie Roll has two classes of common stock. To answer the following questions, add the two classes of stock together.)
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data)
For the year ended December 31,
2011
2010
2009
Net product sales
$528,369
$517,149
$495,592
Rental and royalty revenue
4,136
4,299
3,739
Total revenue
532,505
521,448
499,331
Product cost of goods sold
365,225
349,334
319,775
Rental and royalty cost
1,038
1,088
852
Total costs
366,263
350,422
320,627
Product gross margin
163,144
167,815
175,817
Rental and royalty gross margin
3,098
3,211
2,887
Total gross margin
166,242
171,026
178,704
Selling, marketing and administrative expenses
108,276
106,316
103,755
Impairment charges
—
—
14,000
Earnings from operations
57,966
64,710
60,949
Other income (expense), net
2,946
8,358
2,100
Earnings before income taxes
60,912
73,068
63,049
Provision for income taxes
16,974
20,005
9,892
Net earnings
$43,938
$53,063
$53,157
Net earnings
$43,938
$53,063
$53,157
Other comprehensive earnings (loss)
(8,740
)
1,183
2,845
Comprehensive earnings
$35,198
$54,246
$56,002
Retained earnings at beginning of year.
$135,866
$147,687
$144,949
Net earnings
43,938
53,063
53,157
Cash dividends
(18,360
)
(18,078
)
(17,790
)
Stock dividends
(47,175
)
(46,806
)
(32,629
)
Retained earnings at end of year
$114,269
$135,866
$147,687
Earnings per share
$0.76
$0.90
$0.89
Average Common and Class B Common shares outstanding
57,892
58,685
59,425
(The accompanying notes are an integral part of these statements.)
CONSOLIDATED STATEMENTS OF
Financial Position
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES (in thousands except per share data)
Assets
December 31,
2011
2010
CURRENT ASSETS:
Cash and cash equivalents
$78,612
$115,976
Investments
10,895
7,996
Accounts receivable trade, less allowances of $1,731 and $1,531
41,895
37,394
Other receivables
3,391
9,961
Inventories:
Finished goods and work-in-process
42,676
35,416
Raw materials and supplies
29,084
21,236
Prepaid expenses
5,070
6,499
Deferred income taxes
578
689
Total current assets
212,201
235,167
PROPERTY, PLANT AND EQUIPMENT, at cost:
Land
21,939
21,696
Buildings
107,567
102,934
Machinery and equipment
322,993
307,178
Construction in progress
2,598
9,243
455,097
440,974
Less—Accumulated depreciation
242,935
225,482
Net property, plant and equipment
.
Cover PageCover Page - USD ($) $ in Billions12 Months EndedDec. 31
Cover PageCover Page - USD ($) $ in Billions12 Months EndedDec. 31, 2020Jan. 29, 2021Jun. 30, 2020Cover [Abstract]Document Type10-KDocument Annual ReporttrueDocument Period End DateDec. 31,
2020Current Fiscal Year End Date--12-31Document Transition ReportfalseEntity File Number001-36859Entity Registrant NamePayPal Holdings, Inc.Entity Incorporation, State or Country CodeDEEntity Tax Identification Number47-2989869Entity Address, Address Line One2211 North First StreetEntity Address, City or TownSan Jose,Entity Address, State or ProvinceCAEntity Address, Postal Zip Code95131City Area Code408Local Phone Number967-1000Title of 12(b) SecurityCommon stock, $0.0001 par value per shareEntity Trading SymbolPYPLSecurity Exchange NameNASDAQEntity Well-known Seasoned IssuerYesEntity Voluntary FilersNoEntity Current Reporting StatusYesEntity Interactive Data CurrentYesEntity Filer CategoryLarge Accelerated FilerEntity Small BusinessfalseEntity Emerging Growth CompanyfalseICFR Auditor Attestation FlagtrueEntity Shell CompanyfalseEntity Public Float$ 204.2Entity Common Stock, Shares Outstanding (in shares)1,171,175,760Documents Incorporated by ReferencePortions of the registrant’s definitive proxy statement for its 2021 Annual Meeting of Stockholders are incorporated herein by reference in Part III of this Annual Report on Form 10-K to the extent stated herein. Such proxy statement will be filed with the Securities and Exchange Commission within 120 days of the registrant’s fiscal year ended December 31, 2020.Entity Central Index Key0001633917Document Fiscal Year Focus2020Document Fiscal Period FocusFYAmendment Flagfalse
CONSOLIDATED BALANCE SHEETSCONSOLIDATED BALANCE SHEETS - USD ($) $ in MillionsDec. 31, 2020Dec. 31, 2019Current assets:Cash and cash equivalents$ 4,794$ 7,349Short-term investments8,2893,412Accounts receivable, net577435Loans and interest receivable, net of allowances of $838 and $258 as of December 31, 2020 and 2019, respectively2,7693,972Funds receivable and customer accounts33,41822,527Prepaid expenses and other current assets1,148800Total current assets50,99538,495Long-term investments6,0892,863Property and equipment, net1,8071,693Goodwill9,1356,212Intangible assets, net1,048778Other assets1,3051,292Total assets70,37951,333Current liabilities:Accounts payable252232Funds payable and amounts due to customers35,41824,527Accrued expenses and other current liabilities2,6482,087Income taxes payable12973Total current liabilities38,44726,919Deferred tax liability and other long-term liabilities2,9302,520Long-term debt8,9394,965Total liabilities50,31634,404Commitments and contingencies (Note 13)Equity:Common stock, $0.0001 par value; 4,000 shares authorized; 1,172 and 1,173 shares outstanding as of December 31, 2020 and 2019, respectively00Preferred stock, $0.0001 par value; 100 shares authorized, unissued00Treasury stock at cost, 117 and 105 shares as of December 31, 2020 and 2019, respectively(8,507)(6,872)Additional paid-in-capital16,64415 ...
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More from lmelaine
Jan 18, 2013 at 217pmNo unread replies.No replies.Post yo.docx
Jan 18, 2013 at 2:17pm
No unread replies.
No replies.
Post your definition of the apostrophe as you derived it from the section on the apostrophe in LB pages 316 - 322. What surprised you about the apostrophe? Give at least 2 examples of correct usage of the apostrophe from your own writing. Give examples of badly used apostrophes you have seen in public writing. Indicate the rule that determines correct usage
.
Jan 10, 20141.Definition of law A set of rules and proced.docx
Jan 10, 2014
1.
Definition of law:
A set of rules and procedures usually intended to regulate some aspect of society.
(
Joanne B, H. (2010).
Introduction to law
. (4th ed., Vol. Edition). (Page 2)
2.
What are some historical origins of a civil law legal system?
3.
Identify the historical origin of a common law legal system.
4.
What is the difference between a civil law legal system and a common law legal system?
5.
What is meant by jurisprudence?
6.
Describe three major philosophical theories of law.
This is the 1st weeks assignment....will send the rest by the week until week 7 also Midterm and Final.
.
James RiverJewelryProjectQuesti.docx
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Jacob claims the employer violated his rights. In your opinion, what.docx
Jacob claims the employer violated his rights. In your opinion, what are the legal rights of the employer and the employee in this situation? Explain. Is Jacob correct in his allegations? Why or why not?
Since Jacob believes he was wrongfully terminated and various rights were violated, he plans to consult with a lawyer and sue Cranes. What are Jacob's options with regards to resolving his claims through the court or ADR?
Jacob claims the state troopers violated his rights. Do you agree?
Has Brianna committed any offenses? Why or why not?
Did Lucy violate intellectual property laws? If yes, how? If no, why not?
Has Jacob committed any violations in his Internet postings concerning his former company? Why or why not?
What are the ethical issues related to this scenario?
Support your responses with examples.
Cite any sources in APA format.
.
Ive been promised A+ papers in the past but so far I have not seen .docx
I've been promised A+ papers in the past but so far I have not seen better than a C. Is there anyone out there that can do this and seriously get an A or atleast a B. I would greatly appreciate :)
In a 1-2 page Microsoft Word document, discuss the following case study:
When Alexander and Deborah married, Alexander owned a duplex in a community property state. They lived in one side of the duplex. They saved their money and bought a lake lot as tenants by the entirety. Deborah failed to pay the loans she took out from Savings Bank prior to her marriage to pay for college. The bank claimed the duplex, the lake lot and their savings.
Discuss the likelihood of success on the bank's claims against the properties.
.
It’s easy to dismiss the works from the Dada movement as silly. Cons.docx
It’s easy to dismiss the works from the Dada movement as silly. Consider the art that was popular at the time, however. These “silly” works were a violent protest to the realism and impressionism of the day. Check out “Entr' acte", 1924, directed by Rene Clair” on YouTube, if you can, for an excellent example of Dada.
www.youtube.com/watch?v=NMaXF-4MMGA
The pointlessness of the action is the point! I still crack up at the end even seen it hundreds of times.
Think: what does Dada do that realism cannot? What’s the value of a movement that breaks all the rules? What did Dada contribute to the progress of art and film?
Remember, post before WEDNESDAY and three times during the week because you must contribute three postings over the week for full credit. Please write more than 50 words for your first response to my question.
Posted by William Ousley at 06/17/13 11:24
What Dada can do that realism cannot is make humorous, chaotic assemblage of events. The value of a movement that breaks all the rules is a non-traditional valued movement. The Dada anti-art movement had a strong negative and destructive element. Dada writers and artists were concerned with shock, protest, and nonsense. Dada contributed to assemblage, collage, photomontage and the use of ready-made objects. The inclusion of sound in art, the incorporation of found objects in a work of art, and the concept of improvising as a performance options were all substantially important to not only the development of music, but more specifically the development of electronic music.
(1)
Posted by Anya Walker at 06/20/13 03:10
William
The art of film is very dynamic. Dada was a great way to show how it was used. I know watching the film showed so many scenes and object so, it made it very helpful to understand the meaning of Dada.
Posted by Anya Walker at 06/18/13 05:59
Dada is hilarious to watch. The artist is able to show realism by having creative scenes that was part of the anti-war movement era. The objective of using a technique called collage was used by combining different type of scraps that was part of illustration to be viewed in different scenes. Dada contributes to the art of film by having music being played while watching the film. Also, surrealism was introduced to show a type of chaotic way of using humorous scenes in film.
(2)
Posted by William Ousley at 06/18/13 09:55
Anya
Very well written. For some reason I read and read the article on Dada in the book and couldn't quite get it. So I read a few articles from the Internet to fully understand what the Dada movement was. Even with breaking all the rules they were able to contribute to the art.
Posted by Byron Stival at 06/21/13 06:05
Anya-
It is fun to watch this video. Some of it was funny but I also had a hard time watching all of it. I like the first introduction to the music. I love music and love to think of what the person was thinking and feeling when they wrote the music. It baffles my mind that someone ca.
Its meaning is still debated. It could be a symbol of the city of Fl.docx
Its meaning is still debated. It could be a symbol of the city of Florence (and by association of the Medici's identification with the city of Florence) or it could be a metaphor for the nature of love. Choose one of these meanings and elaborate on that meaning. Be sure to talk about the story of David, how he is portrayed in the statue, its location, etc.
.
Jaffe and Jordan want to use financial planning models to prepar.docx
Jaffe and Jordan want to use financial planning models to prepare a projected (pro forma) financial statement to determine the profitability and financial health of the business for next year, ending Dec 31, 2021. Use the pro forma financial statement below to answer the following questions:
PRO FORMA INCOME STATEMENT
($millions)
Total operating revenues
82
Less expenses
27
Less depreciation
9
Earnings before interest and taxes
46
Less interest
4
Net income before taxes
42
Less taxes @ 23.8%
10
Net income
32
PRO FORMA BALANCE SHEET
Assets:
Cash
19
Other current assets
28
Net Fixed Assets
40
Total Assets
87
Liabilities and Equities:
Accounts payable
12
Long-term debt
28
Stockholders' Equity
47
Total Liabilities & Equities
87
a. What is the
estimated profit
of the business for 2021?
b. Compute the following
profitability ratios
and explain to Jaffe and Jordan whether the business looks profitable relative to the performance of the industry.
i. Profit margin
ii. Return on assets
iii. Return on equity
iv. calculate and explain operating cash flow
The industry ratios are as follows:
Industry ratios
Profit margin
32.80%
Return on assets
34.00%
Return on equity
42.50%
c. Assuming you project a 25% increase in
operating revenue
(sales) per year what will be the anticipated operating revenue in 2022?
d. If net income is projected to increase by 20% per year, what will be the
profit margin
in 2022?
e. What will be the estimated
earnings per share
(EPS) in 2022 if 1,000,000 shares are issued?
.
Ive got this assinment due and was wondering if anyone has done any.docx
I've got this assinment due and was wondering if anyone has done anything similar?? If so can easily change around information and will make it much easier to do it a second time round.
Please read this extremely carefully!
THIS NEEDS TO BE DONE OVER A 7-10 DAY PERIOD!!! please do not message me unless you UNDERSTAND exactly what needs to be done, and the extent of needing to bring in other scholars and research! THIS ASSIGNMENT NEEDS SOMEONE WHO'S ENGLISH IS PERFECT!! when messaging let me know what you believe needs to be done, so I can see you understand the brief. Let me know if you have any questions, I will be helping you out along the way!!
Content Analysis
Due: 11pm Friday 19 September
Weighting: 30%
This assignment assesses your ability to critique two culturally divergent global television news services by analysing their online news content.
Length: 1500 words.
Carry out a content analysis of Internet television of two reputable news organizations, one Western and one non-Western by studying elements such as language, pictures and headlines in the reporting of international events.
From the data gathered write a comparative analysis of news content focusing on the news agenda, sources and predominant news values.
Do the following:
• Over a 2-week period gather data from the website looking at the news agenda i.e. the top 5 stories covered by subject (i.e. politics, business/economics, conXict, human interest, celebrity) and geographical interest (i.e. North America, Europe, Asia, Latin America, PaciWc)
• Who are the experts quoted? (i.e. their cultural, political or social orientation) Are they from an elite or non-elite country or group?
• From what cultural/national perspectives are the stories being reported?
• Who is the target audience?
• What are the predominant news values?
Your insights and analysis should be supported by examples from the evidence gathered as well as course readings and other literature.
Attach samples of your page views as an appendix to your analysis for each website (no more than 4 pages).
Examples of global news networks your may choose:
• BBC
• Al Jazeera
• CNN
• CCTV
• France24
• Xinhua News Agency
• ABC News World
• TimesNow.tv
Submit your analysis and samples as one document to Turnitin by 11pm Friday 19 September, 2014.
Students will be assessed on their ability to:
• Clearly articulate the aim and method of their research.
• Present robust data, using evidence to build an argument.
• Draw connections from diVerent forms of evidence.
• Structure the essay in a clear, logical and engaging way.
• Provide a strong argument through interpretation of data and reference to relevant
concepts.
• EVectively integrate cited material, with complete and appropriate referencing.
• Write clearly, concisely and directly, without spelling or grammatical errors.
Unit guide ICOM201 International Television and Beyond
This Assessment Task relates to the following Learning Outcomes:
• Demonstrate unde.
It is thought that a metabolic waste product produced by a certain g.docx
It is thought that a metabolic waste product produced by a certain group of prokaryotic organisms made possible the evolution of the eukaryotic cell. Name the metabolic waste product and the group of prokaryotic organisms that produce it. Name the metabolic reaction that leads to this waste product being produced. Discuss two ways that the build-up of this waste product helped pave the way for the evolution of higher organisms (plants and animals).
.
it is not the eassay it is about anwering the question with 2,3 pa.docx
it is not the eassay it is about anwering the question with 2,3 paragraph.
there is 4 questions
1. Explain how imperialism has changed over time(each catagory need 1,2 sentence description )-
(1) From the early period of Spanish and Portuguese dominations
(2)Through the rise of the Atlantic system,
(3)to the New imperialism of the mid-to-late 19th century,
(4)up to the era of Neo-colonization of the late 20th and 21th century
2. What are the main characteristics of each period?
3. What changed over time?
4. What did not change?
5. In your opinion which system/era was easiest to resist and why?
Write it with easy word.
.
It is now time to select sources and take some notes. You will nee.docx
It is now time to select sources and take some notes. You will need to use the Cornell method of note taking to complete your notes. Remember, the more detailed your notes are, the easier it will be to write your paper.
As you take notes, keep track of the sources from where you borrow ideas. Be sure you write down all of the information you will need to cite later in the Works Cited page, in
MLA format
. If you come across a source that you are not sure how to cite, please contact your instructor. Even if you write the information in your own words, it can be considered plagiarism if not cited properly.
Cornell Notes
Topic:
Page ___ of ____.
Name:
Course:
Teacher:
Date:
Main Idea:
Notes:
Summary/Questions:
.
Its a linear equations question...Neilsen Media Research surveys .docx
It's a linear equations question...
Neilsen Media Research surveys TV-watching habits and provides a list of the 20 most-watched TV programs each week. Each rating point in the survey represents 1,102,000 households. One week "60 Minutes" had a rating of 11.0. How many households did this represent?
.
itively impact job satisfactionWeek 3 - Learning Team Paper - Due .docx
itively impact job satisfaction
Week 3 - Learning Team Paper - Due Day 7
Learning Team Assignment:
Job Satisfaction Paper
Use
the University of Phoenix Library, and/or other resources, to conduct research concerning the concept of job satisfaction.
Prepare
a 1,050 to 1,400-word paper in which you address the following items:
Introduction and Define
job satisfaction
.
·
Explain the impact that organizational socialization has on job satisfaction.
·
Provide an example of how an organization can use organizational socialization to positively impact job satisfaction. -
·
Describe the relationship between organizational commitment and job satisfaction.
·
Provide an example of how an organization can use organizational commitment to positively impact job satisfaction.
My portion
·
Conclusion -
.
IT205 Management of Information SystemsHello, I am looking for he.docx
IT/205 Management of Information Systems
Hello, I am looking for help with IT205 complete course. This is 2014 Syllabus. Thanks in advance
.
It is not an online course so i cannot share any login details. No d.docx
It is not an online course so i cannot share any login details. No detailed instructions were given to complete this assignment. The professor indicated that he wants a 3-4 page paper with a topic of my choosing. It needs to be about civilization as a whole though. The two topics i showed to the professor that he agreed were good for the paper were the following:
Discuss the death sentence and how it has been changed over the years morally.
Discuss the use of physical torture and how it has changed over the years morally.
These papers are discussing time periods ranging from the spanish inquisition, all the way up to present day. How were these used in the past and how did our civilization change to accept it the way it is today?
.
IT Strategic Plan, Part 1Using the case provided, analyze the busi.docx
IT Strategic Plan, Part 1
Using the case provided, analyze the business environment described to develop Part 1 of an IT Strategic Plan. Identify the business’ strategic objectives, develop an IT mission and vision for the organization, describe an appropriate governance process, and provide an inventory of the organization’s current IT projects. Your analysis will be presented in a short paper that follows the outline provided, using Microsoft Word, or in a format that can be read using MS Word.
Case Study: Wobbly Wheels (WW) Distribution Company
Overview
WW is a regional transportation and distribution company in operation for over 60 years. The company serves major cities in the Mid-Atlantic region. They are headquartered in Wilmington, Delaware and have a staff of 400 employees including truck drivers. There are 6 distribution terminals (Philadelphia PA, Baltimore MD, New York City, Washington DC, Newark NJ and Wilmington DE) for consolidating freight, and 100 delivery vehicles including 20 tractor/semi-trailer units, 40 box trucks and 40 panel vans.
The company operates in a highly competitive business environment. Growth has been stagnant because of a slow economy. John, the president of the company, would like to see growth at 5% per year. He would also like to see expenses cut by 5% to help fund new initiatives. Current revenue is about $39 million a year with profit running at 4%.
Current Business Operations
WW operates 24 hours a day, 7 days a week. Sales personnel (12 people, two per terminal) visit prospective customers to outline company capability, services provided and costs. When a customer decides to use WW they call the dispatch office with shipment information. Usually they FAX a copy of the bill (s) of lading to a terminal with information such as origin, destination, product description, weight and number of packages.
A dispatcher at a terminal makes a list of freight pickups and sends a truck to get the freight. To do this they use the routing system to determine the sequence of pickups by zip code. They use local maps within a zip code to map out the specific order of pickups since there may be several in a zip code area. They have a performance goal of 98% of freight picked up within 24 hours of availability.
A driver follows the dispatch order for pickups. Many of the drivers complain that the pickup order is not efficient. When they pick up an order they sign for receipt and either load the freight or guide the customer’s forklift operators to arrange it properly in the truck.
After freight is picked up it is brought to the terminal where it is unloaded and sorted by destination. A dispatcher then prepares a delivery ticket (again using the routing system) that is used to load a truck in the proper sequence for delivery. Some trucks take freight from one terminal to another while others make local deliveries. About half of a terminal’s space is used on any given night. Dispatchers have a goal to turn freight around.
It should be in API format.Research paper should be on Ethernet .docx
It should be in API format.
Research paper should be on
Ethernet Networking
related to my specific subject which is
Telecommunications and networking.
It should be 17-20 pages in length. It should be a complete, polished artifact containing all of the main elements of the final product.
It should be plagiarism free.
It should contain Contexts, abstract, introduction, main body , conclusion and references. And if needed can use graphs or diagrams.
.
IT Strategic Plan, Part 2Using the case provided, build on Part .docx
IT Strategic Plan, Part 2
Using the case provided, build on Part 1 of your IT Strategic Plan, and develop Part 2. Develop IT strategies to align to the business strategies, complete a roadmap of the current IT projects, propose a new IT project to support the IT strategies, identify risks associated with the IT projects, and explain the steps required to develop a business continuity plan for the most important IT systems. Your analysis will be presented in a short paper that follows the outline provided, using Microsoft Word, or in a format that can be read using MS Word.
Case Study: Wobbly Wheels (WW) Distribution Company
Overview
WW is a regional transportation and distribution company in operation for over 60 years. The company serves major cities in the Mid-Atlantic region. They are headquartered in Wilmington, Delaware and have a staff of 400 employees including truck drivers. There are 6 distribution terminals (Philadelphia PA, Baltimore MD, New York City, Washington DC, Newark NJ and Wilmington DE) for consolidating freight, and 100 delivery vehicles including 20 tractor/semi-trailer units, 40 box trucks and 40 panel vans.
The company operates in a highly competitive business environment. Growth has been stagnant because of a slow economy. John, the president of the company, would like to see growth at 5% per year. He would also like to see expenses cut by 5% to help fund new initiatives. Current revenue is about $39 million a year with profit running at 4%.
Current Business Operations
WW operates 24 hours a day, 7 days a week. Sales personnel (12 people, two per terminal) visit prospective customers to outline company capability, services provided and costs. When a customer decides to use WW they call the dispatch office with shipment information. Usually they FAX a copy of the bill (s) of lading to a terminal with information such as origin, destination, product description, weight and number of packages.
A dispatcher at a terminal makes a list of freight pickups and sends a truck to get the freight. To do this they use the routing system to determine the sequence of pickups by zip code. They use local maps within a zip code to map out the specific order of pickups since there may be several in a zip code area. They have a performance goal of 98% of freight picked up within 24 hours of availability.
A driver follows the dispatch order for pickups. Many of the drivers complain that the pickup order is not efficient. When they pick up an order they sign for receipt and either load the freight or guide the customer’s forklift operators to arrange it properly in the truck.
After freight is picked up it is brought to the terminal where it is unloaded and sorted by destination. A dispatcher then prepares a delivery ticket (again using the routing system) that is used to load a truck in the proper sequence for delivery. Some trucks take freight from one terminal to another while others make local deliveries. About half of a terminal’s sp.
It seems most everything we buy these days has the label made in Ch.docx
It seems most everything we buy these days has the label “made in China”. China has become the second largest world economy, and one of the fastest growing in the world. Discuss the factors that have allowed China to become such a large economy, and the challenges China is likely to face in the near future.
250 words and cited with in .
.
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