Financial InformationIn this worksheet, you will recreate both theChereCheek752
Financial InformationIn this worksheet, you will recreate both the company's balance sheet and income statement for the past 3 yearsDon't forget to note your references for your data in the last TABMicrosoftMicrosoftIncome StatementBalance SheetFor the Years ended 2018 through 2020For the Years ended 2018 through 2020(Amounts in millions)(Amounts in millions)Fiscal Year:202020192018Fiscal Year:202020192018Total Revenue143,015125,843110,360 Cash, Cash Equivalents and Short Term Investments136,527133,819133,768Cost of Revenue46,07842,91038,353 Inventories1,8952,0632,662Gross Profit96,93782,93372,007 Trade and Other Receivables, Current32,01129,52426,481 Selling, General and Administrative Expenses24,70923,09822,223 Other Current Assets11,48210,1466,751 Research and Development Expenses19,26916,87614,726 Total Current Assets181,915175,552169,662Operating Income/Expenses43,97839,97436,949 Deferred Costs/Assets, CurrentTotal Operating Profit/Loss52,95942,95935,058 Total Non-Current Assets119,396111,00489,186Non-Operating Income/Expenses, Total777291,416 Net Property, Plant and Equipment52,90443,85636,146Pretax Income53,03643,68836,474 Net Intangible Assets50,38949,77643,736Provision for Income Tax8,7554,44819,903 Total Long Term Investments2,9652,6491,862Net Income from Continuing Operations44,28139,24016,571 Other Non-Current Assets13,13814,7237,442Total Assets301,311286,556258,848 Financial Liabilities, Current3,7495,5163,998 Provisions, Current7,8746,8306,103 Deferred Liabilities, Current36,00032,67628,905 Other Current Liabilities10,0279,3518,744 Total Current Liabilities72,31069,42058,488 Long Term Debt59,57866,66272,242 Capital Lease Obligations, Non-Current7,6716,1885,568 Tax Liabilities, Non-Current204233541 Deferred Income/Customer Advances/Billings in Excess of Cost, Non-Current3,1804,5303,815 Payables and Accrued Expenses, Non-Current29,43229,61230,265 Other Non-Current Liabilities10,6327,5815,211 Total Non-Current Liabilities110,697114,806117,642Total Liabilities183,007184,226176,130 Equity Attributable to Parent Stockholders118,304102,33082,718 Paid in Capital80,55278,52071,223 Retained Earnings/Accumulated Deficit34,56624,15013,682 Reserves/Accumulated Comprehensive Income/Losses3,186(340)(2,187)Total Equity118,304102,33082,718Total Equity and Liabiltiies301,311286,556258,848
3-Horizontal Analysis ISMicrosoftIncome StatementFor the Years ended 2018 through 2020(Amounts in millions)2019201820202019$ Change% Change20192018$ Change% Change2082018$ Change% ChangeTotal Revenue143,015125,84317,17213.6%125,843110,36015,48314.0%110,360110,360- 00.0%Cost of Revenue46,07842,9103,1687.4%42,91038,3534,55711.9%38,35338,353- 00.0%Gross Profit96,93782,93314,00416.9%82,93372,00710,92615.2%72,00772,007- 00.0% Selling, General and Administrative Expenses24, ...
The document summarizes the financial statements including income statement, balance sheet, and cash flow statement for the years 2004-2008. The income statement shows net sales increasing each year except 2007, while income before taxes fluctuated between positive and negative values. The balance sheet indicates total assets declined from 2008 to 2004 while total liabilities exceeded total shareholders' equity. The cash flow statement shows positive net cash flow from operating activities each year except 2005, with varying net cash flows from investing and financing activities.
The document summarizes the financial statements including income statement, balance sheet, and cash flow statement for the years 2004-2008. The income statement shows net sales increasing each year except 2007, while income before taxes fluctuated between positive and negative values. The balance sheet indicates total assets declined from 2008 to 2004 while total liabilities exceeded total shareholders' equity. The cash flow statement shows positive net cash flow from operating activities each year except 2005, with varying net cash flows from investing and financing activities.
Larsen & Toubro Limited (L&T) is an Indian engineering conglomerate engaged in engineering, construction, and manufacturing. The document provides an overview of L&T and the engineering industry in India. It summarizes L&T's financial performance and position, highlighting strong revenue and order inflow growth. Calculations include projected financial statements, weighted average cost of capital, discounted cash flow valuation, and target price of Rs. 2,413.60 per share for L&T.
The document provides a 5-year financial projection for a business including assumptions about revenue growth, costs, expenses, assets, liabilities, and cash flows. Key assumptions include annual revenue growth decreasing from 5% to 3% over 5 years, cost of goods sold decreasing from 38.3% to 35% of revenue, and fixed expenses such as rent, salaries, and depreciation. Projected financial statements include the income statement, balance sheet, and cash flow statement.
This document contains notes and assumptions for a business plan prepared by Investaura Management Consultants for an unnamed company. It identifies two key value creation levers as expanding into new international markets and increasing sales of new product lines. While two other levers are noted as substantial, they were not quantified. The document includes historical financials and key performance metrics for the company from 2005-2013 and disclaims that the forecasts are preliminary and subject to due diligence.
DT BSExhibit 5b Dollar Tree, Balance Sheet Data, Fiscal 2009–2014AlyciaGold776
DT BSExhibit 5b Dollar Tree, Balance Sheet Data, Fiscal 2009–2014 (in $ millions)Balance Sheet as of:Jan-31-2015Feb-01-2014Feb-02-2013Jan-28-2012Jan-29-2011Jan-30-2010ASSETSCash And Equivalents864.1267.7399.9288.3311.2571.6Short Term Investments0000174.827.8 Total Cash & ST Investments864.1267.7399.9288.3486.0599.4Accounts Receivable------ Total Receivables------Inventory1,035.71,035.3971.7867.4803.1679.8Prepaid Exp.66.556.679.427.527.920.2Deferred Tax Assets, Curr.28.318.922.526.216.36.2Other Current Assets------ Total Current Assets1,994.61,378.51,473.51,209.41,333.31,305.6Gross Property, Plant & Equipment2,970.22,710.12,433.92,155.81,945.41,794.8Accumulated Depreciation(1,759.7)(1,616.1)(1,473.2)(1,330.5)(1,204.3)(1,080.5) Net Property, Plant & Equipment1,210.51,094.0960.7825.3741.1714.3Goodwill164.6169.3173.3173.1173.1133.3Other Intangibles1.52.50000Deferred Tax Assets, LT30.624.128.316.838.035.0Deferred Charges, LT74.34.30000Other Long-Term Assets90.999.2116.2104.095.0101.5Total Assets3,567.02,771.92,752.02,328.62,380.52,289.7Assets excluding GW and intangibles3,400.92,600.12,578.72,155.52,207.42,156.4LIABILITIESAccounts Payable433.6393.9346.5286.7261.4219.9Accrued Exp.230.2157.8163.9146.0127.4125.4Curr. Port. of LT Debt012.814.315.516.517.5Curr. Income Taxes Payable42.747.379.663.364.448.6Other Current Liabilities155.174.571.969.563.164.5 Total Current Liabilities861.6686.3676.2581.0532.8475.9Long-Term Debt757.0757.0257.0250.0250.0250.0Other Non-Current Liabilities163.4157.9151.5153.0138.7134.6Total Liabilities1,782.01,601.21,084.7984.0921.5860.5Common Stock2.12.12.21.11.20.9Additional Paid In Capital43.010.70.3---Retained Earnings1,774.01,174.81,666.31,344.11,458.21,430.7Treasury Stock------Comprehensive Inc. and Other(34.1)(16.9)(1.5)(0.6)(0.4)(2.4) Total Common Equity1,785.01,170.71,667.31,344.61,459.01,429.2Total Equity1,785.01,170.71,667.31,344.61,459.01,429.2Total Liabilities And Equity3,567.02,771.92,752.02,328.62,380.52,289.7GW and Intangibles166.10171.80173.30173.10173.10133.30Equity - Unadjusted1,785.01,170.71,667.31,344.61,459.01,429.2Equity + Liabilities3,567.02,771.92,752.02,328.62,380.52,289.7 % Equity50.0%42.2%60.6%57.7%61.3%62.4%GW adj to equity 83.172.6105.0100.0106.183.2Equity excluding GW and intangibles 1,701.91,098.11,562.31,244.61,352.91,346.0Capital Structure:Liabilities1,782.01,601.21,084.7984.0921.5860.5Equity1,785.01,170.71,667.31,344.61,459.01,429.2Total3,567.002,771.902,752.002,328.602,380.502,289.70Capital Structure:Liabilities50.0%57.8%39.4%42.3%38.7%37.6%Equity50.0%42.2%60.6%57.7%61.3%62.4%Total100.0%100.0%100.0%100.0%100.0%100.0%Goodwill & Intangibles Funding:Liabilities83.099.268.373.167.050.1Equity83.172.6105.0100.0106.183.2Total Goodwill & Intangibles166.1171.8173.3173.1173.1133.3
DT ISExhibit 5a Dollar Tree, Income Statement Data, Fiscal 2009-2014 (in $ millions)Fiscal Period EndingJan-31-2015Feb-01-2014Feb-02-2013
Jan-28-2012
Jan-29-2011
Jan-30-2010Revenue8,602.27,840.37,394.56,630.55,882.4 ...
Financial InformationIn this worksheet, you will recreate both theChereCheek752
Financial InformationIn this worksheet, you will recreate both the company's balance sheet and income statement for the past 3 yearsDon't forget to note your references for your data in the last TABMicrosoftMicrosoftIncome StatementBalance SheetFor the Years ended 2018 through 2020For the Years ended 2018 through 2020(Amounts in millions)(Amounts in millions)Fiscal Year:202020192018Fiscal Year:202020192018Total Revenue143,015125,843110,360 Cash, Cash Equivalents and Short Term Investments136,527133,819133,768Cost of Revenue46,07842,91038,353 Inventories1,8952,0632,662Gross Profit96,93782,93372,007 Trade and Other Receivables, Current32,01129,52426,481 Selling, General and Administrative Expenses24,70923,09822,223 Other Current Assets11,48210,1466,751 Research and Development Expenses19,26916,87614,726 Total Current Assets181,915175,552169,662Operating Income/Expenses43,97839,97436,949 Deferred Costs/Assets, CurrentTotal Operating Profit/Loss52,95942,95935,058 Total Non-Current Assets119,396111,00489,186Non-Operating Income/Expenses, Total777291,416 Net Property, Plant and Equipment52,90443,85636,146Pretax Income53,03643,68836,474 Net Intangible Assets50,38949,77643,736Provision for Income Tax8,7554,44819,903 Total Long Term Investments2,9652,6491,862Net Income from Continuing Operations44,28139,24016,571 Other Non-Current Assets13,13814,7237,442Total Assets301,311286,556258,848 Financial Liabilities, Current3,7495,5163,998 Provisions, Current7,8746,8306,103 Deferred Liabilities, Current36,00032,67628,905 Other Current Liabilities10,0279,3518,744 Total Current Liabilities72,31069,42058,488 Long Term Debt59,57866,66272,242 Capital Lease Obligations, Non-Current7,6716,1885,568 Tax Liabilities, Non-Current204233541 Deferred Income/Customer Advances/Billings in Excess of Cost, Non-Current3,1804,5303,815 Payables and Accrued Expenses, Non-Current29,43229,61230,265 Other Non-Current Liabilities10,6327,5815,211 Total Non-Current Liabilities110,697114,806117,642Total Liabilities183,007184,226176,130 Equity Attributable to Parent Stockholders118,304102,33082,718 Paid in Capital80,55278,52071,223 Retained Earnings/Accumulated Deficit34,56624,15013,682 Reserves/Accumulated Comprehensive Income/Losses3,186(340)(2,187)Total Equity118,304102,33082,718Total Equity and Liabiltiies301,311286,556258,848
3-Horizontal Analysis ISMicrosoftIncome StatementFor the Years ended 2018 through 2020(Amounts in millions)2019201820202019$ Change% Change20192018$ Change% Change2082018$ Change% ChangeTotal Revenue143,015125,84317,17213.6%125,843110,36015,48314.0%110,360110,360- 00.0%Cost of Revenue46,07842,9103,1687.4%42,91038,3534,55711.9%38,35338,353- 00.0%Gross Profit96,93782,93314,00416.9%82,93372,00710,92615.2%72,00772,007- 00.0% Selling, General and Administrative Expenses24, ...
The document summarizes the financial statements including income statement, balance sheet, and cash flow statement for the years 2004-2008. The income statement shows net sales increasing each year except 2007, while income before taxes fluctuated between positive and negative values. The balance sheet indicates total assets declined from 2008 to 2004 while total liabilities exceeded total shareholders' equity. The cash flow statement shows positive net cash flow from operating activities each year except 2005, with varying net cash flows from investing and financing activities.
The document summarizes the financial statements including income statement, balance sheet, and cash flow statement for the years 2004-2008. The income statement shows net sales increasing each year except 2007, while income before taxes fluctuated between positive and negative values. The balance sheet indicates total assets declined from 2008 to 2004 while total liabilities exceeded total shareholders' equity. The cash flow statement shows positive net cash flow from operating activities each year except 2005, with varying net cash flows from investing and financing activities.
Larsen & Toubro Limited (L&T) is an Indian engineering conglomerate engaged in engineering, construction, and manufacturing. The document provides an overview of L&T and the engineering industry in India. It summarizes L&T's financial performance and position, highlighting strong revenue and order inflow growth. Calculations include projected financial statements, weighted average cost of capital, discounted cash flow valuation, and target price of Rs. 2,413.60 per share for L&T.
The document provides a 5-year financial projection for a business including assumptions about revenue growth, costs, expenses, assets, liabilities, and cash flows. Key assumptions include annual revenue growth decreasing from 5% to 3% over 5 years, cost of goods sold decreasing from 38.3% to 35% of revenue, and fixed expenses such as rent, salaries, and depreciation. Projected financial statements include the income statement, balance sheet, and cash flow statement.
This document contains notes and assumptions for a business plan prepared by Investaura Management Consultants for an unnamed company. It identifies two key value creation levers as expanding into new international markets and increasing sales of new product lines. While two other levers are noted as substantial, they were not quantified. The document includes historical financials and key performance metrics for the company from 2005-2013 and disclaims that the forecasts are preliminary and subject to due diligence.
DT BSExhibit 5b Dollar Tree, Balance Sheet Data, Fiscal 2009–2014AlyciaGold776
DT BSExhibit 5b Dollar Tree, Balance Sheet Data, Fiscal 2009–2014 (in $ millions)Balance Sheet as of:Jan-31-2015Feb-01-2014Feb-02-2013Jan-28-2012Jan-29-2011Jan-30-2010ASSETSCash And Equivalents864.1267.7399.9288.3311.2571.6Short Term Investments0000174.827.8 Total Cash & ST Investments864.1267.7399.9288.3486.0599.4Accounts Receivable------ Total Receivables------Inventory1,035.71,035.3971.7867.4803.1679.8Prepaid Exp.66.556.679.427.527.920.2Deferred Tax Assets, Curr.28.318.922.526.216.36.2Other Current Assets------ Total Current Assets1,994.61,378.51,473.51,209.41,333.31,305.6Gross Property, Plant & Equipment2,970.22,710.12,433.92,155.81,945.41,794.8Accumulated Depreciation(1,759.7)(1,616.1)(1,473.2)(1,330.5)(1,204.3)(1,080.5) Net Property, Plant & Equipment1,210.51,094.0960.7825.3741.1714.3Goodwill164.6169.3173.3173.1173.1133.3Other Intangibles1.52.50000Deferred Tax Assets, LT30.624.128.316.838.035.0Deferred Charges, LT74.34.30000Other Long-Term Assets90.999.2116.2104.095.0101.5Total Assets3,567.02,771.92,752.02,328.62,380.52,289.7Assets excluding GW and intangibles3,400.92,600.12,578.72,155.52,207.42,156.4LIABILITIESAccounts Payable433.6393.9346.5286.7261.4219.9Accrued Exp.230.2157.8163.9146.0127.4125.4Curr. Port. of LT Debt012.814.315.516.517.5Curr. Income Taxes Payable42.747.379.663.364.448.6Other Current Liabilities155.174.571.969.563.164.5 Total Current Liabilities861.6686.3676.2581.0532.8475.9Long-Term Debt757.0757.0257.0250.0250.0250.0Other Non-Current Liabilities163.4157.9151.5153.0138.7134.6Total Liabilities1,782.01,601.21,084.7984.0921.5860.5Common Stock2.12.12.21.11.20.9Additional Paid In Capital43.010.70.3---Retained Earnings1,774.01,174.81,666.31,344.11,458.21,430.7Treasury Stock------Comprehensive Inc. and Other(34.1)(16.9)(1.5)(0.6)(0.4)(2.4) Total Common Equity1,785.01,170.71,667.31,344.61,459.01,429.2Total Equity1,785.01,170.71,667.31,344.61,459.01,429.2Total Liabilities And Equity3,567.02,771.92,752.02,328.62,380.52,289.7GW and Intangibles166.10171.80173.30173.10173.10133.30Equity - Unadjusted1,785.01,170.71,667.31,344.61,459.01,429.2Equity + Liabilities3,567.02,771.92,752.02,328.62,380.52,289.7 % Equity50.0%42.2%60.6%57.7%61.3%62.4%GW adj to equity 83.172.6105.0100.0106.183.2Equity excluding GW and intangibles 1,701.91,098.11,562.31,244.61,352.91,346.0Capital Structure:Liabilities1,782.01,601.21,084.7984.0921.5860.5Equity1,785.01,170.71,667.31,344.61,459.01,429.2Total3,567.002,771.902,752.002,328.602,380.502,289.70Capital Structure:Liabilities50.0%57.8%39.4%42.3%38.7%37.6%Equity50.0%42.2%60.6%57.7%61.3%62.4%Total100.0%100.0%100.0%100.0%100.0%100.0%Goodwill & Intangibles Funding:Liabilities83.099.268.373.167.050.1Equity83.172.6105.0100.0106.183.2Total Goodwill & Intangibles166.1171.8173.3173.1173.1133.3
DT ISExhibit 5a Dollar Tree, Income Statement Data, Fiscal 2009-2014 (in $ millions)Fiscal Period EndingJan-31-2015Feb-01-2014Feb-02-2013
Jan-28-2012
Jan-29-2011
Jan-30-2010Revenue8,602.27,840.37,394.56,630.55,882.4 ...
Muthengi mike bamburi financial model - enhancementMike Muthengi
The document contains a financial model for Bamburi Cement Limited including an income statement, balance sheet, cash flow statement, assumptions, and notes. It shows projected growth in revenue, earnings, and cash flows over the period 2017-2021. Key assumptions include revenue growth of 5% annually, declining cost of goods sold as a percentage of revenue, and increasing SG&A expenses. The model indicates increasing profitability, cash flows, and dividends over the projection period.
According to the financial overview document:
- For the fourth quarter of 2015, Nordnet saw a 14% increase in revenue to SEK 325.7 million and an 18% rise in operating profit to SEK 113.2 million. Full year 2015 revenue increased 15% to SEK 1,249.4 million while profit after tax rose 29% to SEK 357.1 million.
- Highlights for Q4 included the launch of commission-free trading of over 6,000 products, a quarterly record of 5.7 million customer transactions, lending exceeding SEK 7 billion, and a proposed dividend increase.
- For 2015, customer and account growth was 13% and 15% respectively, net savings
This document contains financial information for Handelsgeest BV from 2006-2017. It includes income statements showing increasing revenue, gross margins around 37%, and growing net income each year. Balance sheets show increasing total assets from €735k to over €1m from 2006-2017, with equity growing from €350k to over €1.7m over the same period. Key metrics like EBITDA, EBIT, and net income have increased each year, demonstrating the company's consistent financial growth.
The document provides an overview of financial planning, including why it is needed, what it entails, and how to build financial models and projections. Financial planning involves setting goals and strategies, developing assumptions and projections for revenue, expenses, cash flow, and financial statements. It requires building a financial model typically using Excel to integrate projections and assess feasibility and timing of plans. The presentation recommends starting with a 2-year monthly financial plan plus 3 years of annual projections and considering engaging a part-time CFO initially to help with the process.
The Chairman notes that ABC Holdings performed well in 2010, reflecting the improved economic environment across its markets following the global financial crisis recovery. All of the Group's banking operations reported profits for the first time. Retail banking is now offered and expected to contribute positively to income going forward. Overall, economic growth in Sub-Saharan Africa was revised upwards to 5% in 2010 and is projected to accelerate to 5.5% in 2011, though risks remain from commodity prices and political instability. The performance reflects the Group's decision to curtail lending during the recession, which reduced credit impairments.
This document provides budget execution information for revenues for the municipality of Titirivi for the period of January 1st to December 31st 2013. It includes:
- Identification of budget items including initial appropriations, additions, and definitive appropriations.
- Details of revenues collected for the period by revenue type including taxes, fees, fines, and transfers from national government programs.
- Comparison of definitive appropriations to revenues collected and balances remaining to be collected.
- Revenues collected represent 33% of definitive appropriations on average, ranging from 7% to 130% depending on the specific revenue item.
This document is a trial balance from January 1, 2020 to June 30, 2020 for a company with capital, liabilities, assets, revenue, and operating expenses. It shows account codes, titles, opening balances, debits, credits, closing balances for each period. The largest assets are inventories of beauty products and fixed assets like equipment. Major liabilities include long-term loans for properties. Main revenues come from beauty services and product sales. Biggest expenses are staff salaries, utilities, and purchases of beauty products.
This document provides the consolidated financial statements of Hyundai Commercial, Inc. and its subsidiaries for the years ended December 31, 2012 and 2011. It includes the consolidated statements of financial position, comprehensive income, changes in equity, and cash flows for 2012 and 2011, as well as notes to the financial statements. The report of the independent auditors expresses an unqualified opinion that the consolidated financial statements present fairly the financial position, results of operations and cash flows of Hyundai Commercial, Inc. and its subsidiaries in accordance with Korean IFRS.
This document provides the key impacts of adopting IFRS accounting standards and CTEEP's 3Q11 financial results. It discusses how the transition to IFRS affected CTEEP's balance sheet, income statement, and cash flow statement. Specifically, it shows the effects of IFRS adoption on assets, liabilities, revenues, expenses, and cash flows. It also announces that CTEEP's allowed annual revenue for the 2011/2012 cycle will increase 14.1% to R$2,008.3 million according to a resolution by ANEEL, Brazil's electric energy regulator.
- The document is the profit and loss account and balance sheet of Dwarikesh Sugar India Ltd for the year ended September 30, 2010.
- In 2010, the company reported a net loss of Rs. 90.55 crore compared to a net profit of Rs. 250.77 crore in 2009.
- As of September 30, 2010 the company had total assets of Rs. 6,155.27 crore, total liabilities of Rs. 4,534.81 crore, and shareholder funds of Rs. 1,494.37 crore.
- Hyundai Commercial, Inc. and Subsidiaries released interim consolidated financial statements for the periods ended June 30, 2012 and 2011.
- For the six month period ended June 30, 2012, the company reported total operating revenue of ₩168.1 billion and net income of ₩24.7 billion.
- The statement of financial position as of June 30, 2012 showed total assets of ₩3,824.3 billion and total liabilities of ₩3,482 billion.
Revenue and profits increased substantially in the first half of 2015 compared to the same period last year. Revenue rose 17% to SEK 630 million and profit after tax increased 42% to SEK 193.9 million. The number of customer accounts also grew significantly, rising 14% over the past 12 months to 588,500. Nordnet saw strong growth across its markets in Sweden, Norway, Denmark, and Finland and will continue focusing on product development and an enhanced user experience to further its strategic growth.
The 2013 results presentation summarizes the company's financial performance in 2013. Key highlights include:
- Net operating revenue of R$981.2 million, down 51.3% from 2012.
- Net income of R$31.9 million, down 96.2% from 2012 due to a R$516.3 million provision for losses on receivables.
- Investments totaled R$815.4 million in 2013 and are forecast to be R$614.2 million in 2014, focusing on complementary projects, improvements, and subsidiaries.
Balance SheetThe Procter & Gamble CompanyAnnual Balance Sheet (year end 6/30/XX)Period Ended in millions201020112012201320142015Cash and Cash Equivalents2,8792,7684,4365,9478,5586,845ST marketable securities2,1284,767Accounts Receivable - Trade, Net5,3356,2756,0686,5086,3864,861Inventory6,3847,3796,7216,9096,7595,454Deferred Income Taxes9481,0921,356Prepaid Expenses and other current assets4,1845,5484,6853,6783,8452,853Assets held for sale2,8493,510Total Current Assets18,78221,97021,91023,99031,61729,646Buildings - Gross6,8687,7537,3247,829Land / Improvements - Gross850934880878Machinery / Equipment - Gross29,29432,82032,02934,305Property / Plant / Equipment, Total - Gross37,01241,50740,23343,012Accumulated Depreciation, Total-17,768-20,214-19,856-21,346Property / Plant / Equipment, Total - Net19,24421,29320,37721,66622,30420,268Goodwill, Net54,01257,56253,77355,18853,70447,316Intangibles, Net31,63632,62030,98831,57230,84326,829Other Long Term Assets4,4984,9095,1966,8475,7985,436Total Assets128,172138,354132,244139,263144,266129,495Accounts Payable7,2518,0227,9208,7778,4618,257ST Debt& Current portion of Lt Debt8,4729,9818,69812,43215,60612,021Liabilities held for sale6601,187Accrued and Other Current liabilities8,5599,2908,2898,8288,9998,325Total Current Liabilities24,28227,29324,90730,03733,72629,790Long Term Debt21,36022,03321,08019,11119,81118,329Deferred Income Tax10,90211,07010,13210,82710,2189,531Pension Benefits & Other Liabilities10,1899,95712,09010,57910,5358,795Total Liabilities66,73370,35368,20970,55474,29066,445Noncontrolling Interest324361596645762631Redeemable Convertible Preferred Stock1,2771,2341,1951,1371,1111,077Common Stock4,0084,0084,0084,0094,0094,009Additional Paid-In Capital61,69762,40563,18163,53863,91163,852Retained Earnings (Accumulated Deficit)64,61470,68275,34980,19784,99084,807Treasury Stock - Common-61,309-67,278-69,604-71,966-75,805-77,226Accumulated & Other Comprehensive Income-10,773-5,006-10,690-8,851-9,002-14,100Total Equity59,83866,40664,03568,70969,97663,050Total Liabilities & Shareholders' Equity128,172138,354132,244139,263144,266129,495Check Workbalancedbalancedbalancedbalancedbalancedbalanced
Cash FlowThe Procter & Gamble CompanyCash Flow Statement in millions (yr end 6/30/xx)201020112012201320142015Net Income 12,84611,92710,90411,40211,7857,144Depreciation & Amortization3,1082,8383,2042,9823,1413,134Deferred Taxes36128-65-307-44-803Venezuela deconsolidation charge2,028Goodwill impariment charges1,5763082,174Share Based compensation expense453414377346360337Other Non-Cash Items-2,670-203-2,106-916-154-766Total Non- Cash expenses9273,1772,9862,4133,3036,104Accounts Receivable-14-426-427-41587349Inventories86-50177-2258313Payable / Accrued2,446358-221,2531928Other Assets & Liabilities, Net-160-1,205-234445-1,226-230Changes in Working Capital2,358-1,774-6061,058-1,1301,360Cash from Operating Activities16,13113,33013,28414,87313,95814,608Capital Expenditures-3,067-3,306-3,964-4,008-3,848-3,736Acquisition o ...
The letter introduces the Walt Disney Company's annual report for 2013-2014. It thanks the reader for considering Disney as an investment and highlights Disney's dual priorities of creating magic and sharing it. The letter notes the report provides all necessary information about Disney's performance that year. It explains the author chose to invest in Disney for capital appreciation, as Disney's stock has a history of steady growth and the company recently acquired Lucas Arts and Marvel, bolstering future success based on the annual report analysis. The letter closes by thanking the reader again and inviting any questions.
This document provides financial information for Williams-Sonoma Inc. including income statements, balance sheets, and statements of cash flows for fiscal years 2011-2021. Key figures include total revenues of $5.2 billion in 2016, net income of $310 million in 2016, total current assets of $1.9 billion in 2017, total current liabilities of $1.2 billion in 2017, and property and equipment, net of $885 million in 2016. The company had $367 million in cash and cash equivalents as of the 2016 balance sheet date.
This document provides budget execution information for the municipality of Titiriri. It includes the initial appropriation, budget commitments, final appropriation, available appropriation, and amount available to commit for various line items related to the council, ombudsman's office, and mayor's office for the current year. Specific expenditures are broken down for personnel services, general expenses, and mandatory contributions for each department. The final sections provide totals for expenditures and available balances by category.
This document provides a financial report for January to December 2015. It summarizes key consolidated data such as total assets increasing 5.8% to €1,340 billion compared to 2014. Net customer loans increased 7.6% and customer deposits increased 5.5%. Underlying attributable profit to the group increased 12.9% to €6.566 billion compared to 2014. Capital and solvency ratios remained strong with a CET1 ratio of 12.55% and NPL ratio improving to 4.36%.
Exam #3 ReviewChapter 10· Balance of payment statements · .docxturveycharlyn
Exam #3 Review:
Chapter 10:
· Balance of payment statements
· Know all the components of the balance of payment statements
· Balance of international indebtedness
· Know the debit and credit transactions of the balance of payments.
· Which is debit and which one is credit
· What determine the US balance of trade
· Essay: How do we measure international investment position of the US?
· Essay: How did the US become the net debtor so quickly?
Chapter 11:
· What happened to the international merchandise transactions (trade) if the US dollar is appreciated or depreciated against other currencies?
· What depreciation is and what appreciation is?
· Know the differences between the spot market and the forward market?
· What is spot market
· What is forward market
· How do you prevent the loss and remove the risks of a foreign currency transaction?
· Essay: How do you trade on the future market?
· Essay: Differences of trading between in the future market and the forward market?
Chapter 15:
· Study Manage floating exchange rate system.
· What happens to the US dollar if the inflation of the US and inflation in a foreign country are different?
· Which exchange rate system does not require monetary reserves?
· Under the floating exchange rate system, if import and exports increase or falls, what happens to the dollar value?
· What happens to the balance of trade when the currency is appreciated or depreciated?
· Essay: difference between current pect and adjustable pect exchange rate.
Bonus question about the video that wi will finished on monday.
ECO-358: Assignment 4, Article Analysis
1. Please read the attached article several times and highlight its main points and/or arguments. If you need additional research to write your analysis of this article, please do so and cite your sources appropriately and make up a reference page at the end of your assignment to list sources (APA format is required).
2. Choose 7 concepts and/or theories from our textbook to use as guidance and foundation to analyze the article. These concepts and theories can be from any chapter of the textbook. You should choose concepts and theories that are broad/big/important enough so you can write a lot about them with information from the article. Simple definitions don’t have much to write, don’t choose them.
3. Your paper must include an article summary (very short one, just 1 paragraph), a body, and a brief conclusion. Please show me how the article contents relate to the concepts/theories you choose or vice versa. Each concept/theory has to be underlined and also has textbook page number reference on your paper. The minimum length is 5 double space pages, excluding title and reference pages.
4. Your paper has to be in APA format and style. Visit Doane College writing center, or read APA guide posted on BB for guidance on APA writing. There are many requirements on APA format. Here are some most basic and essential ones you must have on your paper: cover page,.
Evolving Role of the Nursing Informatics Specialist Ly.docxturveycharlyn
The document discusses the evolving role of nursing informatics specialists. It describes how the role has expanded over the last 50 years from basic IT support to more specialized roles requiring graduate degrees. Emerging areas for nursing informatics include supporting virtual care delivery, remote patient monitoring, and integrating new sources of patient data from sensors. The role will continue evolving rapidly to help healthcare organizations effectively manage and apply new knowledge and technologies.
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According to the financial overview document:
- For the fourth quarter of 2015, Nordnet saw a 14% increase in revenue to SEK 325.7 million and an 18% rise in operating profit to SEK 113.2 million. Full year 2015 revenue increased 15% to SEK 1,249.4 million while profit after tax rose 29% to SEK 357.1 million.
- Highlights for Q4 included the launch of commission-free trading of over 6,000 products, a quarterly record of 5.7 million customer transactions, lending exceeding SEK 7 billion, and a proposed dividend increase.
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This document contains financial information for Handelsgeest BV from 2006-2017. It includes income statements showing increasing revenue, gross margins around 37%, and growing net income each year. Balance sheets show increasing total assets from €735k to over €1m from 2006-2017, with equity growing from €350k to over €1.7m over the same period. Key metrics like EBITDA, EBIT, and net income have increased each year, demonstrating the company's consistent financial growth.
The document provides an overview of financial planning, including why it is needed, what it entails, and how to build financial models and projections. Financial planning involves setting goals and strategies, developing assumptions and projections for revenue, expenses, cash flow, and financial statements. It requires building a financial model typically using Excel to integrate projections and assess feasibility and timing of plans. The presentation recommends starting with a 2-year monthly financial plan plus 3 years of annual projections and considering engaging a part-time CFO initially to help with the process.
The Chairman notes that ABC Holdings performed well in 2010, reflecting the improved economic environment across its markets following the global financial crisis recovery. All of the Group's banking operations reported profits for the first time. Retail banking is now offered and expected to contribute positively to income going forward. Overall, economic growth in Sub-Saharan Africa was revised upwards to 5% in 2010 and is projected to accelerate to 5.5% in 2011, though risks remain from commodity prices and political instability. The performance reflects the Group's decision to curtail lending during the recession, which reduced credit impairments.
This document provides budget execution information for revenues for the municipality of Titirivi for the period of January 1st to December 31st 2013. It includes:
- Identification of budget items including initial appropriations, additions, and definitive appropriations.
- Details of revenues collected for the period by revenue type including taxes, fees, fines, and transfers from national government programs.
- Comparison of definitive appropriations to revenues collected and balances remaining to be collected.
- Revenues collected represent 33% of definitive appropriations on average, ranging from 7% to 130% depending on the specific revenue item.
This document is a trial balance from January 1, 2020 to June 30, 2020 for a company with capital, liabilities, assets, revenue, and operating expenses. It shows account codes, titles, opening balances, debits, credits, closing balances for each period. The largest assets are inventories of beauty products and fixed assets like equipment. Major liabilities include long-term loans for properties. Main revenues come from beauty services and product sales. Biggest expenses are staff salaries, utilities, and purchases of beauty products.
This document provides the consolidated financial statements of Hyundai Commercial, Inc. and its subsidiaries for the years ended December 31, 2012 and 2011. It includes the consolidated statements of financial position, comprehensive income, changes in equity, and cash flows for 2012 and 2011, as well as notes to the financial statements. The report of the independent auditors expresses an unqualified opinion that the consolidated financial statements present fairly the financial position, results of operations and cash flows of Hyundai Commercial, Inc. and its subsidiaries in accordance with Korean IFRS.
This document provides the key impacts of adopting IFRS accounting standards and CTEEP's 3Q11 financial results. It discusses how the transition to IFRS affected CTEEP's balance sheet, income statement, and cash flow statement. Specifically, it shows the effects of IFRS adoption on assets, liabilities, revenues, expenses, and cash flows. It also announces that CTEEP's allowed annual revenue for the 2011/2012 cycle will increase 14.1% to R$2,008.3 million according to a resolution by ANEEL, Brazil's electric energy regulator.
- The document is the profit and loss account and balance sheet of Dwarikesh Sugar India Ltd for the year ended September 30, 2010.
- In 2010, the company reported a net loss of Rs. 90.55 crore compared to a net profit of Rs. 250.77 crore in 2009.
- As of September 30, 2010 the company had total assets of Rs. 6,155.27 crore, total liabilities of Rs. 4,534.81 crore, and shareholder funds of Rs. 1,494.37 crore.
- Hyundai Commercial, Inc. and Subsidiaries released interim consolidated financial statements for the periods ended June 30, 2012 and 2011.
- For the six month period ended June 30, 2012, the company reported total operating revenue of ₩168.1 billion and net income of ₩24.7 billion.
- The statement of financial position as of June 30, 2012 showed total assets of ₩3,824.3 billion and total liabilities of ₩3,482 billion.
Revenue and profits increased substantially in the first half of 2015 compared to the same period last year. Revenue rose 17% to SEK 630 million and profit after tax increased 42% to SEK 193.9 million. The number of customer accounts also grew significantly, rising 14% over the past 12 months to 588,500. Nordnet saw strong growth across its markets in Sweden, Norway, Denmark, and Finland and will continue focusing on product development and an enhanced user experience to further its strategic growth.
The 2013 results presentation summarizes the company's financial performance in 2013. Key highlights include:
- Net operating revenue of R$981.2 million, down 51.3% from 2012.
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- Investments totaled R$815.4 million in 2013 and are forecast to be R$614.2 million in 2014, focusing on complementary projects, improvements, and subsidiaries.
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This document provides financial information for Williams-Sonoma Inc. including income statements, balance sheets, and statements of cash flows for fiscal years 2011-2021. Key figures include total revenues of $5.2 billion in 2016, net income of $310 million in 2016, total current assets of $1.9 billion in 2017, total current liabilities of $1.2 billion in 2017, and property and equipment, net of $885 million in 2016. The company had $367 million in cash and cash equivalents as of the 2016 balance sheet date.
This document provides budget execution information for the municipality of Titiriri. It includes the initial appropriation, budget commitments, final appropriation, available appropriation, and amount available to commit for various line items related to the council, ombudsman's office, and mayor's office for the current year. Specific expenditures are broken down for personnel services, general expenses, and mandatory contributions for each department. The final sections provide totals for expenditures and available balances by category.
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Similar to Trial BalanceChester, Inc.Trial Balances for years ending December.docx (20)
Exam #3 ReviewChapter 10· Balance of payment statements · .docxturveycharlyn
Exam #3 Review:
Chapter 10:
· Balance of payment statements
· Know all the components of the balance of payment statements
· Balance of international indebtedness
· Know the debit and credit transactions of the balance of payments.
· Which is debit and which one is credit
· What determine the US balance of trade
· Essay: How do we measure international investment position of the US?
· Essay: How did the US become the net debtor so quickly?
Chapter 11:
· What happened to the international merchandise transactions (trade) if the US dollar is appreciated or depreciated against other currencies?
· What depreciation is and what appreciation is?
· Know the differences between the spot market and the forward market?
· What is spot market
· What is forward market
· How do you prevent the loss and remove the risks of a foreign currency transaction?
· Essay: How do you trade on the future market?
· Essay: Differences of trading between in the future market and the forward market?
Chapter 15:
· Study Manage floating exchange rate system.
· What happens to the US dollar if the inflation of the US and inflation in a foreign country are different?
· Which exchange rate system does not require monetary reserves?
· Under the floating exchange rate system, if import and exports increase or falls, what happens to the dollar value?
· What happens to the balance of trade when the currency is appreciated or depreciated?
· Essay: difference between current pect and adjustable pect exchange rate.
Bonus question about the video that wi will finished on monday.
ECO-358: Assignment 4, Article Analysis
1. Please read the attached article several times and highlight its main points and/or arguments. If you need additional research to write your analysis of this article, please do so and cite your sources appropriately and make up a reference page at the end of your assignment to list sources (APA format is required).
2. Choose 7 concepts and/or theories from our textbook to use as guidance and foundation to analyze the article. These concepts and theories can be from any chapter of the textbook. You should choose concepts and theories that are broad/big/important enough so you can write a lot about them with information from the article. Simple definitions don’t have much to write, don’t choose them.
3. Your paper must include an article summary (very short one, just 1 paragraph), a body, and a brief conclusion. Please show me how the article contents relate to the concepts/theories you choose or vice versa. Each concept/theory has to be underlined and also has textbook page number reference on your paper. The minimum length is 5 double space pages, excluding title and reference pages.
4. Your paper has to be in APA format and style. Visit Doane College writing center, or read APA guide posted on BB for guidance on APA writing. There are many requirements on APA format. Here are some most basic and essential ones you must have on your paper: cover page,.
Evolving Role of the Nursing Informatics Specialist Ly.docxturveycharlyn
The document discusses the evolving role of nursing informatics specialists. It describes how the role has expanded over the last 50 years from basic IT support to more specialized roles requiring graduate degrees. Emerging areas for nursing informatics include supporting virtual care delivery, remote patient monitoring, and integrating new sources of patient data from sensors. The role will continue evolving rapidly to help healthcare organizations effectively manage and apply new knowledge and technologies.
eworkMarket45135.0 (441)adminNew bid from Madam Cathy.docxturveycharlyn
ework
Market
45
13
5.0
(441)
admin
New bid from Madam Cathy
here is my bid
admin
TJ2021 accepted the bid and paid the down payment
Im about to post the second one
okay dear
Do you know how to do power point videos
the powerpoint document or videos?
Let me see. One min
okaydear
Prior to beginning work on this video presentation, read Fourth Amendment: Search and Seizure (Links to an external site.), The Difference Between the 5th and 6th Amendment Right to Counsel (Links to an external site.), Probable Cause and Reasonable Suspicion (Links to an external site.), Saul Ornelas and Ismael Ornelas Ledesma, Petitioners v. United States (Links to an external site.), and Pre-Trial Motions (Links to an external site.). The fourth, fifth and sixth amendments are the most important of the Bill of Rights which affect criminal law, prosecutions, and defenses in the United States. Consider the protections against unreasonable searches and seizures, the right to remain silent, the right to due process, the right to counsel, and the right to a speedy trial as the “Holy Grail” of constitutional protections for those accused of a crime. Part 1: Your PowerPoint (or equivalent) presentation: If your last name begins with the letters A through G (fourth amendment). Create a five- to eight-slide PowerPoint explaining the fourth amendment. Additionally, provide 50 to 75 words of explanations for each of your PowerPoint slides in the discussion area, just as you would present an oral presentation explaining the slides on the topics listed. In your PowerPoint slides and discussions, List the requirements of the fourth amendment. Define the key term warrant, and provide exceptions to the warrant requirement. Examine what the remedy is for a defendant when a motion granted to suppress is granted for a fourth amendment violation. In all presentations, support your observations using a minimum of two scholarly and/or credible sources either from the required readings this week or from independent research that you conduct in the University of Arizona Global Campus Library or online, and properly cite any references. Making your PowerPoint (or equivalent) Presentation You may wish to include visual enhancements in your presentation. These may include appropriate images, a consistent font, appropriate animations, and transitions from content piece-to-content piece and slide-to-slide. (Images should be cited in APA format as outlined by the University of Arizona Global Campus Writing Center’s Tables, Images, & Appendices (Links to an external site.) resource.) The Where to Get Free (and Legal) Images (Links to an external site.) guide provides assistance with accessing freely available public domain and/or Creative Commons licensed images. It is recommended that you access the University of Arizona Global Campus Writing Center’s How to Make a PowerPoint Presentation (Links to an external site.) and Simple Rules for Better PowerPoint Presentations (Links to an external site.
Evolving Technology Please respond to the following Analyze t.docxturveycharlyn
"Evolving Technology"
Please respond to the following:
Analyze the various technological improvements over the last 100 years and determine which has been the most significant for both guests and hotel owners. Explain your rationale.
Determine how evolving communications technology (i.e., cell phones and Wi-Fi) has changed guest expectations regarding communications, as well as how the lodging industry should respond.
WRITE MINUMUM 4 SENTENCES FOR EACH PARAPGRAPH. PROVIDE ORGINAL WORK. WRITE THEM ON YOUR OWN WORDS. GONNA USE TURNITIN TO CHECK PLAGARISIM. TYPE EACH QUESTION BEFORE ANSWER THEM.
.
Evolving Health Care Environment and Political ActivismRead and .docxturveycharlyn
Evolving Health Care Environment and Political Activism
Read and watch the lecture resources & materials below early in the week to help you respond to the discussion questions and to complete your assignment(s).
(Note: The citations below are provided for your research convenience. Students should always cross reference the current APA guide for correct styling of citations and references in their academic work.)
Read
Black, B. P. (2017). Chapter 14 and 15
Online Materials & Resources
Lucas, A. & Ward, C. W. (2016). Using social media to increase engagement in nursing organizations. Nursing, 46(6), 47-49.
Johnson, J. E. & Billingsley, M. (2014). Convergence: How nursing unions and Magnet are advancing nursing. Nursing Forum, 49(4), 225-232
Berg, J. G. & Dickow, M. (2014). Nurse role exploration project: The Affordable Care Act and new nursing roles. Nurse Leader, 12(5), 40-44
Vincent, D. & Reed, P. G. (2014). Affordable Care Act: Overview and implications for advancing nursing. Nursing Science Quarterly, 27(4), 254-259.
QUESTION
What are your thoughts about the debate regarding whether health care is a right or a privilege? How has the changing health care environment impacted your practice?
Submission Instructions:
Your initial post should be at least 500 words, formatted and cited in current APA style with support from at least 2 academic sources.
Your assignment will be graded according to the grading rubric.
.
Evolving Families PresentationPrepare a PowerPoint presentatio.docxturveycharlyn
Evolving Families Presentation
Prepare a PowerPoint presentation to explore how families have changed over time. Be sure to include the contributors to the various changes. The presentation should consist of at least eight (not to exceed 10) slides as described below:
Slide 1: Introduction
Slide 2: A
narrative
discussing
how the family has changed
over time? Explicitly note what changes have occurred.
Slide 3:
Visual depictions
of what the
"typical" family used to look like
. You are welcomed to use a range of media resources.
Slide 4:
Visual depictions
of what the
"typical" family looks like now
. (i.e., how do you perceive or define the typical family, how does society perceive or define the typical family, etc.) You are welcomed to use a range of media resources.
Slide 5: A
narrative
discussing and analyzing the
individual factors
that have contributed to the changing family. (See your textbook. You may use external resources as well.)
Slide 6: A
narrative
discussing and analyzing the
systemic or structural factors
that have contributed to the changing family over time. (See your textbook. You may use external resources as well.)
Slide 7:
Conclusions
Slide 8:
Citations/Resources
.
EvolutionLets keep this discussion scientific! I do not want .docxturveycharlyn
This document outlines discussion topics on evolution and asks students to respond to one of the topics in a primary post of at least 125 words, and also make a substantive reply to a fellow student. The first topic asks students to read an article on how some species are adapting to climate change, and then explain the difference between phenotypic plasticity and genetic evolution based on the article. It also asks how we can tell the difference between these two mechanisms when species change over time.
Evolutionary Theory ApproachDiscuss your understanding of .docxturveycharlyn
Evolutionary Theory Approach
Discuss your understanding of the theory of evolution. Explain how the concept of natural selection might be applied to the development of personality
Genetic/biological Approach
Develop two goals for a client with ADHD using the genetic and biological theories of personality development. Explain how these goals utilize the genetic and/or biological theories.
Explain how Eysenck’s approach compares with the other theories related to genetic and biological aspects of personality development. What are the benefits of each of these theories?
.
Evolution or change over time occurs through the processes of natura.docxturveycharlyn
Evolution or change over time occurs through the processes of natural and sexual selection. In response to problems in our environment, we adapt both physically and psychologically to ensure our survival and reproduction. Sexual selection theory describes how evolution has shaped us to provide a mating advantage rather than just a survival advantage and occurs through two distinct pathways: intrasexual competition and intersexual selection. Gene selection theory, the modern explanation behind evolutionary biology, occurs through the desire for gene replication. Evolutionary psychology connects evolutionary principles with modern psychology and focuses primarily on psychological adaptations: changes in the way we think in order to improve our survival. Two major evolutionary psychological theories are described: Sexual strategies theory describes the psychology of human mating strategies and the ways in which women and men differ in those strategies. Error management theory describes the evolution of biases in the way we think about everything. Learning Objectives • Learn what “evolution” means. • Define the primary mechanisms by which evolution takes place. • Identify the two major classes of adaptations. • Define sexual selection and its two primary processes. • Define gene selection theory. • Understand psychological adaptations. • Identify the core premises of sexual strategies theory. • Identify the core premises of error management theory, and provide two empirical examples of adaptive cognitive biases. Introduction If you have ever been on a first date, you’re probably familiar with the anxiety of trying to figure out what clothes to wear or what perfume or cologne to put on. In fact, you may even consider flossing your teeth for the first time all year. When considering why you put in all this work, you probably recognize that you’re doing it to impress the other person. But how did you learn these particular behaviors? Where did you get the idea that a first date should be at a nice restaurant or someplace unique? It is possible that we have been taught these behaviors by observing others. It is also possible, however, that these behaviors— the fancy clothes, the expensive restaurant —are biologically programmed into us. That is, just as peacocks display their feathers to show how attractive they are, or some lizards do push-ups to show how strong they are, when we style our hair or bring a gift to a date, we’re trying to communicate to the other person: “Hey, I’m a good mate! Choose me! Choose me!" However, we all know that our ancestors hundreds of thousands of years ago weren’t driving sports cars or wearing designer clothes to attract mates. So how could someone ever say that such behaviors are “biologically programmed” into us? Well, even though our ancestors might not have been doing these specific actions, these behaviors are the result of the same driving force: the powerful influence of evolution. Yes, evolution—certain trait.
Evolution, Religion, and Intelligent DesignMany people mistakenl.docxturveycharlyn
Evolution, Religion, and Intelligent Design
Many people mistakenly believe that a belief in evolution precludes a belief in God or intelligent design; in other words, some people falsely think that one must be an atheist or agnostic to believe in evolution and the Big Bang. The Catholic Church is one example of a religious institution that has long held the view that evolution and the Big Bang explain ‘how we got here.’ Read the below article from the
Catholic Herald
, and then answer the following questions: Why do you think so many people are mistaken about the ability to believe in God as well as evolution and the Big Bang? Do you find anything problematic about combining religious and scientific explanations of the universe? Explain.
NB: In this discussion, students often misuse the word ‘theory’, saying things such as “the Big Bang/evolution are ‘just’ theories.” But to say this is a misuse of the word 'theory' as it applies to scientific theory. Many people misunderstand the word as it is used in the realm of science, thinking it to mean a guess, a hypothetical, untested idea. However, in science, 'theory' means something different. Please read the article below:
"Just a Theory": 7 Misused Science Words - Scientific American
Article from the
Catholic Herald
By Patrick Cusworth October 31, 2014
Pope Francis's comments on the Big Bang are not revolutionary. Catholic teaching has long professed the likelihood of human evolution
Perhaps it was inevitable that Pope Francis’ comments on the Church’s position on scientific theories such as the Big Bang and evolution would cause a stir. In his address to the Pontifical Academy of Sciences, the Pope cautioned against the image of God the creator as “a magician, with a magic wand”, arguing that belief in both theories around the beginnings of the universe and the birth of humankind are consistent with the Catholic faith.
“The Big Bang, which is today posited as the origin of the world, does not contradict the divine act of creation; rather, it requires it”, he stated. Similarly, he argued, “evolution of nature is not inconsistent with the notion of creation because evolution pre-supposes the creation of beings which evolve.”
Yet despite further murmurings that Pope Francis was beginning (yet another) revolution in Catholic doctrine, it must be pointed out – the Pope’s declaration on either theory has not broken with established Catholic belief in the slightest.
The Big Bang theory, originally hypothesised in 1927 by Jesuit priest and physicist Georges Lemaître, is based on the central proposition that the universe is continually expanding. As a preposition, the universe was originally contained within a single point, in a highly intense state of heat and density. As the universe began to expand it cooled, allowing the formation of subatomic particles, which began a series of physical cosmological processes, which led eventually to the known universe. While this has become the most co.
Evolution and Its ProcessesFigure 1 Diversity of Life on Eart.docxturveycharlyn
Evolution and Its Processes
Figure 1: Diversity of Life on Earth
The diversity of life on Earth is the result of evolution, a continuous process that is still occurring.
“wolf”: modification of work by Gary Kramer, USFWS; “coral”: modification of work by William Harrigan, NOAA; “river”: modification of work by Vojtěch Dostál; “protozoa”: modification of work by Sharon Franklin, Stephen Ausmus, USDA ARS; “fish” modification of work by Christian Mehlführer; “mushroom”, “bee”: modification of work by Cory Zanker; “tree”: modification of work by Joseph Kranak
Chapter Outline
1. Discovering How Populations Change
2. Mechanisms of Evolution
3. Evidence of Evolution
4. Speciation
5. Common Misconceptions about Evolution
Introduction
All species of living organisms—from the bacteria on our skin, to the trees in our yards, to the birds outside—evolved at some point from a different species. Although it may seem that living things today stay much the same from generation to generation, that is not the case: evolution is ongoing. Evolution is the process through which the characteristics of species change and through which new species arise.
The theory of evolution is the unifying theory of biology, meaning it is the framework within which biologists ask questions about the living world. Its power is that it provides direction for predictions about living things that are borne out in experiment after experiment. The Ukrainian-born American geneticist Theodosius Dobzhansky famously wrote that "nothing makes sense in biology except in the light of evolution" (Dobzhansky 1964, 449). He meant that the principle that all life has evolved and diversified from a common ancestor is the foundation from which we understand all other questions in biology. This chapter will explain some of the mechanisms for evolutionary change and the kinds of questions that biologists can and have answered using evolutionary theory.
Discovering How Populations Change
By the end of this section, you will bbe able to:
· Explain how Darwin’s theory of evolution differed from the current view at the time.
· Describe how the present-day theory of evolution was developed.
· Describe how population genetics is used to study the evolution of populations
The theory of evolution by natural selection describes a mechanism for species change over time. That species change had been suggested and debated well before Darwin. The view that species were static and unchanging was grounded in the writings of Plato, yet there were also ancient Greeks that expressed evolutionary ideas.
In the eighteenth century, ideas about the evolution of animals were reintroduced by the naturalist Georges-Louis Leclerc, Comte de Buffon and even by Charles Darwin’s grandfather, Erasmus Darwin. During this time, it was also accepted that there were extinct species. At the same time, James Hutton, the Scottish naturalist, proposed that geological change occurred gradually by the accumulation of small changes from pr.
Evolution in Animals and Population of HumansHumans belong t.docxturveycharlyn
"Evolution in Animals and Population of Humans"
Humans belong to the genus Homo and chimpanzees to the genus Pan, yet studies of primate genes show that chimpanzees and humans are more closely related to one another than each is to any other animals. In light of this result, some researchers suggest that chimpanzees should be renamed as members of the genus Homo. Discuss at least three (3) practical, scientific, and / or ethical issues that might be raised by such a change in naming.
.
Evolution of Seoul City in South KoreaHow the City changed s.docxturveycharlyn
Evolution of Seoul City in South Korea
How the City changed since it was first created. Describe the changes over time up to the present day.
Note
: Insert Citations at the final slide
include pictures of city (not the people in the city)
and you should have enough information ( only takes about the city, Don't talk about the people)!!!!
6 slides
.
evise your own definition of homegrown terrorism. Then using t.docxturveycharlyn
evise your own definition of homegrown terrorism. Then using the e-Activity, provide one example of what you believe to be a specific homegrown terrorist attack that occurred in the United States. Provide a rationale for your response.
There are many agencies, including private security, directly involved in defending against homegrown terrorism that are not part of the Department of Homeland Security (DHS). Examine at least three agencies that are not part of the DHS but play a direct role in homeland security. Hypothesize the key reasons why you believe these three agencies are not part of the DHS. Justify your response.
.
eview the Paraphrasing tutorial here (Links to an external sit.docxturveycharlyn
eview the Paraphrasing tutorial
here (Links to an external site.)
. There's also a helpful video
here (Links to an external site.)
.
Directions
: Paraphrase the quote below by putting into your own words
"I am most willing to answer all questions about myself. I have nothing to hide from your committee and there is nothing in my life of which I am ashamed. I have been advised by counsel that under the fifth amendment I have a constitutional privilege to decline to answer any questions about my political opinions, activities, and associations, on the grounds of self-incrimination. I do not wish to claim this privilege. I am ready and willing to testify before the representatives of our Government as to my own opinions and my own actions, regardless of any risks or consequences to myself."
Excerpt from Lillian Hellman,
Letter to HUAC (Links to an external site.)
, May 19, 1952.
you need to put this in your own words. So, take it out of the quote. Don't forget to cite!
Type your answer into the text box below.
.
Evidenced-Based Practice- Sample Selection and Application .docxturveycharlyn
Evidenced-Based Practice- Sample Selection and Application
Description: Professional nursing practice is grounded in the translation of current evidence
into practice.
Course Competencies: 1) Examine the relationships among theory, practice, and research. 2)
Interpret research findings using the elements of the research process. 5) Evaluate data from
relevant sources, including technology, to inform the delivery of care to culturally and
ethnically diverse populations. 6) Collaborate with health team members to collect, interpret,
synthesize and disseminate evidence to improve patient outcomes in complex health care
environments.
QSEN Competency: 3) Evidence-Based Practice
BSN Essential III
Area Gold
Mastery
Silver
Proficient
Bronze
Acceptable
Acceptable
Mastery not
Demonstrated
Fully detail how
the research
process is
sampling
dependent.
Describes
neighborhoods
that reflect the
best fit for 1-
Geriatrics 2-
South East Asians
3- Poverty 4-
Pediatrics
Fully details how
the research
process is
sampling
dependent.
Describes
neighborhoods
that reflect the
best fit for 1-
Geriatrics 2-
South East Asians
3- Poverty 4-
Pediatrics
Describes how
research and
sampling affect
generalizability of
findings but does
not identify
specific
populations in
Sentinel City®
Superficially
describes
sampling but does
not connect to
generalizability of
research findings
to practice
Identifies
populations of
interest but does
not relate to
research
applicability
Fully detail, with
specific
example(s), inter-
professional
evidence-based
practice guidelines
and states
outcomes specific
to one area of
choosing 1-
Geriatrics 2-
South East Asians
3- Poverty 4-
Pediatrics
Fully details, with
specific
example(s), inter-
professional
evidence-based
practice guidelines
and states
outcomes specific
to one area of
choosing 1-
Geriatrics 2-
South East Asians
3- Poverty 4-
Pediatrics
Describes, with
specific
example(s) inter
professional
evidence-based
practice guidelines
but does not
develop outcomes
specific to a
population
Superficially
describes with
what evidence-
based practice
guidelines are
available but does
not address
interprofessional
nature or
outcomes
Provides
suggestions to
improve care for
population but
provides no
research/evidence
to support
APA, Grammar,
Spelling, and
Punctuation
No errors in APA,
Spelling, and
Punctuation.
One to three errors
in APA, Spelling,
and Punctuation.
Four to six errors
in APA, Spelling,
and Punctuation.
Seven or more
errors in APA,
Spelling, and
Punctuation.
References Provides two or
more references.
Provides two
references.
Provides one
references.
Provides no
references.
Include a PICO
model that clearly
labels specific
.
Evidenced-Based Practice- Evaluating a Quantitative Research S.docxturveycharlyn
This document outlines the competencies and evaluation criteria for a course on evidenced-based practice and evaluating quantitative research studies. The course aims to help baccalaureate graduate nurses develop skills in several areas related to research and evidence-based practice, including examining relationships between theory, practice and research; interpreting research findings; differentiating ethical and legal guidelines for research; integrating evidence from various sources to inform clinical practice; and collaborating with health teams on research and improving patient outcomes. Students will be evaluated on their ability to critically evaluate the research design, methods/procedures, results and implications of studies using established checklists to determine mastery of these competencies.
eview the Captain Edith Strong case study in Ch. 6 of Organi.docxturveycharlyn
eview
the Captain Edith Strong case study in Ch. 6 of
Organizational Behavior and Management in Law Enforcement
.
Answer
the questions in column one.
This is not an opinion paper, SO DO NOT USE FIRST OR SECOND PERSON;
your answers should be supported with the textbook readings and outside research; you need a minimum of two references and citations.
Format
your references consistent with APA guidelines.
.
Evidenced based practice In this writing, locate an article pert.docxturveycharlyn
Evidenced based practice
In this writing, locate an article pertaining to the topic below. Choose your article wisely, because you will be incorporating the article into all three of your writing assignments this session. In this writing, please discuss how this (one) article will be beneficial to your assigned topic. (The article should be a research conducted in United states.) Also state what you will be focusing on.
Topic: Preventing Healthcare Associated Infections.
This should be a page. Do not use direct quotes, but paraphrase. Also, cite the article you chose in APA 6th edition format.
Research Design: Observational
and Correlational Studies
Video Title: Research Design: Observational and Correlational Studies
Originally Published: 2011
Publishing Company: SAGE Publications, Inc
City: Thousand Oaks, USA
ISBN: 9781483397108
DOI: https://dx.doi.org/10.4135/9781483397108
(c) SAGE Publications, Inc., 2011
This PDF has been generated from SAGE Research Methods.
https://dx.doi.org/10.4135/9781483397108
NARRATOR: Research Design-- Observational and Correlational Studies. Since the moment you
were born, you've been exploring the world around you. In a sense, you've been conducting research.
You've noticed the ways people interact with each other, the relative sizes of objects,
NARRATOR [continued]: and how the colors of nature change with the seasons. Each of us is an
amateur researcher, observing, analyzing, and drawing conclusions about everything we see. In order
to conduct a more formal study whose conclusions you can share with others, you need to apply
scientific methods to your research.
NARRATOR [continued]: Knowing about scientific research methods will also help you understand,
interpret, and be more analytical in your thinking about studies you read about in textbooks, journals,
newspapers, or online. To make sure your research is as strong as possible, let's talk about designing
your study and interpreting your results.
NARRATOR [continued]: Specifically, we'll focus on some overarching types of research studies,
when to use an observational design, along with some advantages and disadvantages, two different
types of observational design, those that you conduct in the field and those that you conduct in a
laboratory,
NARRATOR [continued]: analyzing data from an observational study, including some statistical
methods, when to use a correlational design, along with some advantages and disadvantages, how
to design and implement one, and analyzing data from a correlational study.
NARRATOR [continued]: Before we begin to explore research designs, it is important to understand
the terms "variable" and "construct." These terms are used interchangeably and are found throughout
scientific literature.
NICOLE CAIN: A "construct," which can also be called a "variable," is a topic of interest that varies
from person to person. Some examples of constructs that researchers .
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
-------------------------------------------------------------------------------
Find out more about ISO training and certification services
Training: ISO/IEC 27001 Information Security Management System - EN | PECB
ISO/IEC 42001 Artificial Intelligence Management System - EN | PECB
General Data Protection Regulation (GDPR) - Training Courses - EN | PECB
Webinars: https://pecb.com/webinars
Article: https://pecb.com/article
-------------------------------------------------------------------------------
For more information about PECB:
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Slideshare: http://www.slideshare.net/PECBCERTIFICATION
Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
Chapter wise All Notes of First year Basic Civil Engineering.pptxDenish Jangid
Chapter wise All Notes of First year Basic Civil Engineering
Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
Levelling: Instrument used Object of levelling, Methods of levelling in brief, and Contour maps.
Chapter 4
Buildings: Selection of site for Buildings, Layout of Building Plan, Types of buildings, Plinth area, carpet area, floor space index, Introduction to building byelaws, concept of sun light & ventilation. Components of Buildings & their functions, Basic concept of R.C.C., Introduction to types of foundation
Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
4. BCP, Surveying volume 1
Walmart Business+ and Spark Good for Nonprofits.pdfTechSoup
"Learn about all the ways Walmart supports nonprofit organizations.
You will hear from Liz Willett, the Head of Nonprofits, and hear about what Walmart is doing to help nonprofits, including Walmart Business and Spark Good. Walmart Business+ is a new offer for nonprofits that offers discounts and also streamlines nonprofits order and expense tracking, saving time and money.
The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
The event will cover the following::
Walmart Business + (https://business.walmart.com/plus) is a new shopping experience for nonprofits, schools, and local business customers that connects an exclusive online shopping experience to stores. Benefits include free delivery and shipping, a 'Spend Analytics” feature, special discounts, deals and tax-exempt shopping.
Special TechSoup offer for a free 180 days membership, and up to $150 in discounts on eligible orders.
Spark Good (walmart.com/sparkgood) is a charitable platform that enables nonprofits to receive donations directly from customers and associates.
Answers about how you can do more with Walmart!"
Leveraging Generative AI to Drive Nonprofit InnovationTechSoup
In this webinar, participants learned how to utilize Generative AI to streamline operations and elevate member engagement. Amazon Web Service experts provided a customer specific use cases and dived into low/no-code tools that are quick and easy to deploy through Amazon Web Service (AWS.)
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptxEduSkills OECD
Iván Bornacelly, Policy Analyst at the OECD Centre for Skills, OECD, presents at the webinar 'Tackling job market gaps with a skills-first approach' on 12 June 2024
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
Trial BalanceChester, Inc.Trial Balances for years ending December.docx
1. Trial BalanceChester, Inc.Trial Balances for years ending
December 31, 2013, 2014 and 2015Account
Description201320142015Cash on
Hand$2,483$2,459$2,511Checking Account -
Operating247,646252,858243,892MMKT
Accounts806,288983,1611,205,563Investments -
Trading6,935,7126,850,1986,978,923Accounts
Receivable20,513,62856,472,09149,042,528Allowance for
Doubtful Accounts(1,578,525)(2,387,691)(2,942,552)Other
Receivables01,400,0001,200,000Inventory23,531,50775,351,47
165,990,780Reserve for Inventory
Obsolescence(3,765,000)(12,136,103)(10,558,525)Prepaid
Insurance1,829,1432,830,4742,667,722Prepaid Rent250,000- 0-
0Office
Supplies9,2599,5659,182Land146,250131,040131,040Buildings
and Land Improvements779,882698,775833,775Machinery,
Equipment, Office Furniture541,5223,280,5893,280,589Accum.
Depreciation(205,000)(786,102)(1,403,257)Other Noncurrent
Assets67,301- 0- 0Accounts
Payable(8,934,591)(19,488,866)(12,850,648)Wages
Payable(36,838)(264,513)(198,384)FICA Employee
Withholding(1,648)(9,452)(7,089)Medicare
Withholding(730)(12,785)(9,589)Federal Payroll Taxes
Payable(7,541)(132,256)(99,192)State Payroll Taxes
Payable(3,519)(61,630)(46,200)FICA Employer
Withholding(1,648)(9,452)(7,089)Medicare Employer
Withholding(730)(12,785)(9,589)Income Taxes
Receivable/Payable0(3,205,440)(6,011,540)Line of
Credit(12,500,000)(52,231,360)(47,481,737)Current Portion LT
Note Payable0(677,640)(721,480)Interest
payable0(470,311)(568,429)Bonuses
payable0(504,000)(459,000)Dividend
payable(6,000,000)(15,250,000)(15,000,000)Long-Term Note
Payable(12,762,360)(12,040,880)Common
2. Stock(10,131,250)(10,131,250)(10,131,250)Paid-in
Capital(9,278,750)(9,278,750)(9,278,750)Retained Earnings
(Beginning Balance)(2,773,900)Dividends
6,000,00015,250,00015,000,000Sales
(307,716,148)(271,839,067)(288,876,206)Sales
Returns5,621,97912,432,24723,110,096Income from
Investments(665,079)(658,672)(549,387)Unrealized (Gains) and
Losses - Investments64,28885,514(128,725)Interest
Income(255,379)(147,707)(142,168)Cost of Goods Sold
176,961,437161,029,981179,103,248Administrative Wages
Expense21,094,13218,344,39919,706,506Advertising
Expense1,121,4251,161,2761,058,391Auto
Expenses261,218235,763214,001Bad Debt
Expense2,028,0325,875,40313,900,800Bonus
Expense0504,000459,000Depreciation
Expense166,250581,102617,155Freight5,378,6894,749,0954,32
5,068Insurance Expense1,067,4281,045,085951,774Legal and
Professional
Expense4,506,41711,037,0398,987,069Maintenance
Expense76,42096,02087,641Miscellaneous Office
Expense21,27927,80325,390Payroll Tax
Expense1,938,7361,767,1491,609,342Pension/Profit-Sharing
Plan
Ex3,750,0003,696,0003,366,000Phone95,46757,91153,651Posta
l160,04287,14079,360Property Tax
Expense100,619110,252101,319Rent or Lease
Expense3,254,3571,370,2732,230,615Research and
Development38,639,554532,4253,080,313Utilities169,554170,7
65155,600Warehouse
Salaries5,791,7305,848,1205,270,689Warranty
Expense1,375,3521,297,1041,422,381Interest
Expense1,093,7503,373,0562,942,147Income Tax Expense -
Federal2,956,25014,142,2407,269,540Income Tax Expense -
State536,2502,503,2001,258,000Loss on Legal
Settlement23,965,000- 0- 0
Income StatementUse this worksheet to prepare a Multi-step
3. Income Statement to include EPSChester,
Inc.201320142015Sales
307,716,148271,839,067288,876,206Sales
Returns5,621,97912,432,24723,110,096Net
Sales302,094,169259,406,820265,766,110Cost of Goods Sold
176,961,437161,029,981179,103,248Gross
Profit125,132,73298,376,83986,662,862Operating
ExpenseAdministrative Wages
Expense21,094,13218,344,39919,706,506Advertising
Expense1,121,4251,161,2761,058,391Auto
Expenses261,218235,763214,001Bad Debt
Expense2,028,0325,875,40313,900,800Bonus
Expense0504,000459,000Depreciation
Expense166,250581,102617,155Freight5,378,6894,749,0954,32
5,068Insurance Expense1,067,4281,045,085951,774Legal and
Professional
Expense4,506,41711,037,0398,987,069Maintenance
Expense76,42096,02087,641Miscellaneous Office
Expense21,27927,80325,390Payroll Tax
Expense1,938,7361,767,1491,609,342Pension/Profit-Sharing
Plan
Ex3,750,0003,696,0003,366,000Phone95,46757,91153,651Posta
l160,04287,14079,360Property Tax
Expense100,619110,252101,319Rent or Lease
Expense3,254,3571,370,2732,230,615Research and
Development38,639,554532,4253,080,313Utilities169,554170,7
65155,600Warehouse
Salaries5,791,7305,848,1205,270,689Warranty
Expense1,375,3521,297,1041,422,381 Total Operating
Expenses90,996,70158,594,12467,702,065Income Before Other
Gains and Losses34,136,03139,782,71518,960,797 Other Gains
and LossesInterest Expense1,093,7503,373,0562,942,147Income
from Investments(665,079)(658,672)(549,387)Unrealized
(Gains) and Losses - Investments64,28885,514(128,725)Interest
Income(255,379)(147,707)(142,168) Total Other Gains and
Losses237,5802,652,1912,121,867 Income before Income
4. tax33,898,45137,130,52416,838,930Income tax expensesIncome
Tax Expense - Federal2,956,25014,142,2407,269,540Income
Tax Expense - State536,2502,503,2001,258,000 Net
Income30,405,95120,485,0848,311,390Loss on Legal
Settlement23,965,00000 Income transferred to Retained
earnings6,440,95120,485,0848,311,390Number of Shares in
common stock875,000875,000875,000Earnings per
share$34.75$23.41$9.50Check Figures:2015 Net Income$
8,311,390$ -2014 Gross Profit$ 98,376,839$ -2013 Total
Expenses$ 90,996,701$ -Chester, Inc.Income StatementYear
Ended December 31, Account Descripation201320142015Sales
RevenueSales 307,716,148271,839,067288,876,206Less: Sales
Return5,621,97912,432,24723,110,096Net
Sales302,094,169259,406,820265,766,110Cost of Goods Sold
176,961,437161,029,981179,103,248Gross
Profit125,132,73298,376,83986,662,862Selling & Admin
Expenses90,996,70158,594,12467,702,065Income from
Operations34,136,03139,782,71518,960,797Other Income and
expenseIncome from
Investments(600,791)(573,158)(678,112)Interest
Income(255,379)(147,707)(142,168)Interest
Expense1,093,7503,373,0562,942,147Loss on Legal
Settlement23,965,000 Income before Income
tax9,933,45137,130,52416,838,930Income Tax Expense -
Federal2,956,25014,142,2407,269,540Income Tax Expense -
State536,2502,503,2001,258,000 Net
Income6,440,95120,485,0848,311,390Number of
shares875,000875,000875,000Earnings per
share$7.36$23.41$9.50Check Figures:2015 Net Income$
8,311,3902014 Gross Profit$ 98,376,8392013 Total Expenses$
90,996,701
Statement of Retained EarningsUse this worksheet to complete a
Statement of Retained EarningsChester,
Inc.201320142015Common
Stock101312501013125010131250Paid-in
Capital927875092787509278750Retained Earnings (Beginning
5. Balance)277390032148518449935Add: Net
Income6,440,95120,485,0848,311,39028,624,85143,109,93536,
171,325Less: Dividend
paid6,000,00015,250,00015,000,000Balance -
Ending22,624,85127,859,93521,171,325Check Figures:2015
Shareholders' Equity$ 21,171,3252014 Shareholders' Equity$
27,859,9352013 Shareholders' Equity$ 22,624,851Chester,
Inc.Staement of Retained EarningsBalance - January 1,
2013$2,773,900Add: Net Income$6,440,951$9,214,851Less:
Cash Dividends$6,000,000Balance - December 31,
2013$3,214,851Add: Net Income$20,485,084$23,699,935Less:
Cash Dividends$15,250,000Balance - December 31,
2014$8,449,935Add: Net Income$8,311,390$16,761,325Less:
Cash Dividends$15,000,000Balance - December 31,
2015$1,761,325Check Figures:2015 Shareholders' Equity$
21,171,3252014 Shareholders' Equity$ 27,859,9352013
Shareholders' Equity$ 22,624,851
Balance SheetUse this worksheet to complete a Classified
Balance SheetChester, Inc.201320142015AssetsCurrent
AssetsCash on Hand248324592511Checking Account -
Operating247646252858243892MMKT
Accounts8062889831611205563Investments -
Trading693571268501986978923Accounts
Receivable205136285647209149042528Allowance for Doubtful
Accounts-1578525-2387691-2942552Other
Receivables014000001200000Inventory23531507753514716599
0780Reserve for Inventory Obsolescence-3765000-12136103-
10558525Prepaid Insurance182914328304742667722Prepaid
Rent25000000Office Supplies925995659182 Total Current
Assets48782141129628483113840024Property, Plant &
EquipmentLand146250131040131040Buildings and Land
Improvements779882698775833775Machinery, Equipment,
Office Furniture54152232805893280589Accum. Depreciation-
205000-786102-1403257Other Noncurrent Assets6730100 Total
Property, Plant & Equipment132995533243022842147Total
Assets50112096132952785116682171Liabilities and
6. Stockholder's Equity201320142015Accounts
Payable8,934,59119,488,86612,850,648Wages
Payable36,838264,513198,384FICA Employee
Withholding1,6489,4527,089Medicare
Withholding73012,7859,589Federal Payroll Taxes
Payable7,541132,25699,192State Payroll Taxes
Payable3,51961,63046,200FICA Employer
Withholding1,6489,4527,089Medicare Employer
Withholding73012,7859,589Income Taxes
Receivable/Payable03,205,4406,011,540Line of
Credit12,500,00052,231,36047,481,737Current Portion LT Note
Payable0677,640721,480Interest
payable0470,311568,429Bonuses
payable0504,000459,000Dividend
payable6,000,00015,250,00015,000,000 Total Current
Liabilities274872459233049083469966Long term
LiabilitiesLong-Term Note Payable012,762,36012,040,880
Total Liabilities27,487,245105,092,85095,510,846Stockholder's
EquityCommon Stock10,131,25010,131,25010,131,250Paid-in
Capital9,278,7509,278,7509,278,750Retained Earnings
(Beginning Balance)3,214,8518,449,9351,761,325 Total
Stockholder's Equity22,624,85127,859,93521,171,325Total
Liabilities and Stockholder's
Equity50,112,096132,952,785116,682,171000Check
Figures:2015 Total Current Assets$ 113,840,024$ -2014
Current Liabilities$ 92,330,490$ -2013 Total Assets$
50,112,096$ -
Statement of Cash FlowsUse this Worksheet to complete a
Statement of Cash FlowsChester, Inc.201320142015Cash Flow
from Operating Activities Net
Income30,405,95120,485,0848,311,390Adjustments to reconcile
net income to net cash flow from operating
activities:Depreciation
Expense166,250581,102617,155Decrease (Increase) in current
AssetsMMKT
Accounts(806,288)(176,873)(222,402)Investments -
7. Trading(6,935,712)85,514(128,725)Accounts
Receivable(20,513,628)(35,958,463)7,429,563Allowance for
Doubtful Accounts1,578,525809,166554,861Other
Receivables0(1,400,000)200,000Inventory(23,531,507)(51,819,
964)9,360,691Reserve for Inventory
Obsolescence3,765,0008,371,103(1,577,578)Prepaid
Insurance(1,829,143)(1,001,331)162,752Prepaid
Rent(250,000)250,0000Office
Supplies(9,259)(306)383Accounts
Payable8,934,59110,554,275(6,638,218)Wages
Payable36,838227,675(66,129)FICA Employee
Withholding1,6487,804(2,363)Medicare
Withholding73012,055(3,196)Federal Payroll Taxes
Payable7,541124,715(33,064)State Payroll Taxes
Payable3,51958,111(15,430)FICA Employer
Withholding1,6487,804(2,363)Medicare Employer
Withholding73012,055(3,196)Income Taxes
Receivable/Payable03,205,4402,806,100Current Portion LT
Note Payable0677,64043,840Interest payable0470,31198,118$
71,438Bonuses payable0504,000(45,000)Accum.
Depreciation38,750Net Cash Flow from Operating
Activities(8,933,816)(43,913,083)20,847,189Cash flow from
Investing ActivitiesLand(146,250)15,2100Buildings and Land
Improvements(779,882)81,107(135,000)Machinery, Equipment,
Office Furniture(541,522)(2,739,067)0Other Noncurrent
Assets(67,301)67,3010Net Cash Flow from Investing
Activities(1,534,955)(2,575,449)(135,000)Cash flow from
Financing ActivitiesLong-Term Note
Payable012,762,360(721,480)Common Stock10,131,25000Paid-
in Capital9,278,75000Dividends
Paid3,214,851(6,000,000)(15,250,000)Line of
Credit12,500,00039,731,360(4,749,623)Net Cash Flow from
Financing
Activities35,124,85146,493,720(20,721,103)(293,840)Net
increase / Decrease in cash24,656,0805,188(8,914)Cash Balance
- Beginning0250,129255,317Cash Balance -
8. Ending24,656,080255,317246,40324,405,95100Check
Figures:2015 Net Cash from Operating Activities$
20,775,751$ 71,4382014 Net Cash from Investing Activities$
(2,575,449)$ -2015 Net Increase (Decrease) in Cash$
213,488$ 24,442,592Chester, Inc.Cash Flow StatementYear
ended December 31, 20142015Cash Flow from Operating
Activities Net Income20,485,0848,311,390Adjustments to
reconcile net income to net cash flow from operating
activities:Depreciation Expense581,102617,155Changes in
current Assets(80,841,154)15,779,545Changes in current
Liabilities15,861,885(3,860,901) Net cash used / Provided by
operating
activities(43,913,083)20,847,18971,438(8,749,233)Cash flow
from Investing ActivitiesSale of land163,618Purchase of
equipment(2,739,067)Purchase of Building(135,000) Net cash
used by Investing activities(2,575,449)(135,000)Cash flow from
Financing ActivitiesPayment of
dividends(6,000,000)(15,250,000)Long-Term Note
Payable12,762,360(721,480)Line of
Credit39,731,360(4,749,623) Net cash used / Provided by
Financing
activities46,493,720(20,721,103)(293,840)8,572,360Net
Increase / Decrease in cash5,188(8,914)Cash Balance -
Beginning250,129255,317Cash Balance -
Ending255,317246,403
BS AnalysisComplete a Horizontal and Vertical Analysis of the
Balance Sheet in this worksheet.Chester, Inc.Vertical
Analysis201320142015AssetsAmountPercentageAmountPercent
ageAmountPercentageCurrent AssetsCash on
Hand24830.00%24590.00%25110.00%Checking Account -
Operating2476460.49%2528580.19%2438920.21%MMKT
Accounts8062881.61%9831610.74%12055631.03%Investments
- Trading693571213.84%68501985.15%69789235.98%Accounts
Receivable2051362840.94%5647209142.48%4904252842.03%A
llowance for Doubtful Accounts-1578525-3.15%-2387691-
1.80%-2942552-2.52%Other
9. Receivables00.00%14000001.05%12000001.03%Inventory2353
150746.96%7535147156.68%6599078056.56%Reserve for
Inventory Obsolescence-3765000-7.51%-12136103-9.13%-
10558525-9.05%Prepaid
Insurance18291433.65%28304742.13%26677222.29%Prepaid
Rent2500000.50%00.00%00.00%Office
Supplies92590.02%95650.01%91820.01% Total Current
Assets4878214197.35%12962848397.50%11384002497.56%Pro
perty, Plant &
EquipmentLand1462500.29%1310400.10%1310400.11%Buildin
gs and Land
Improvements7798821.56%6987750.53%8337750.71%Machiner
y, Equipment, Office
Furniture5415221.08%32805892.47%32805892.81%Accum.
Depreciation-205000-0.41%-786102-0.59%-1403257-
1.20%Other Noncurrent Assets673010.13%00.00%00.00%
Total Property, Plant &
Equipment13299552.65%33243022.50%28421472.44%Total
Assets50112096100.00%132952785100.00%116682171100.00%
Liabilities and Stockholder's EquityCurrent LiabilitiesAccounts
Payable893459117.83%1948886614.66%1285064811.01%Wage
s Payable368380.07%2645130.20%1983840.17%FICA
Employee
Withholding16480.00%94520.01%70890.01%Medicare
Withholding7300.00%127850.01%95890.01%Federal Payroll
Taxes Payable75410.02%1322560.10%991920.09%State Payroll
Taxes Payable35190.01%616300.05%462000.04%FICA
Employer
Withholding16480.00%94520.01%70890.01%Medicare
Employer Withholding7300.00%127850.01%95890.01%Income
Taxes
Receivable/Payable00.00%32054402.41%60115405.15%Line of
Credit1250000024.94%5223136039.29%4748173740.69%Curre
nt Portion LT Note
Payable00.00%6776400.51%7214800.62%Interest
payable00.00%4703110.35%5684290.49%Bonuses
10. payable00.00%5040000.38%4590000.39%Dividend
payable600000011.97%1525000011.47%1500000012.86%
Total Current
Liabilities2748724554.85%9233049069.45%8346996671.54%Lo
ng term LiabilitiesLong-Term Note
Payable00.00%127623609.60%1204088010.32% Total
Liabilities2748724554.85%10509285079.05%9551084681.86%S
tockholder's EquityCommon
Stock1013125020.22%101312507.62%101312508.68%Paid-in
Capital927875018.52%92787506.98%92787507.95%Retained
Earnings (Beginning
Balance)32148516.42%84499356.36%17613251.51% Total
Stockholder's
Equity2262485145.15%2785993520.95%2117132518.14%Total
Liabilities and Stockholder's
Equity50112096100.00%132952785100.00%116682171100.00%
Chester, Inc.Horizontal Analysis20132014Increase /
Decrease20142015Increase / DecreaseAssetsAmountAmount in
AmountPercentageAmountAmount in AmountPercentageCurrent
AssetsCash on Hand24832459-24-
0.97%24592511522.11%Checking Account -
Operating24764625285852122.10%252858243892-8966-
3.55%MMKT
Accounts80628898316117687321.94%983161120556322240222
.62%Investments - Trading69357126850198-85514-
1.23%685019869789231287251.88%Accounts
Receivable205136285647209135958463175.29%564720914904
2528-7429563-13.16%Allowance for Doubtful Accounts-
1578525-2387691-80916651.26%-2387691-2942552-
55486123.24%Other
Receivables01400000140000014000001200000-200000-
14.29%Inventory235315077535147151819964220.22%7535147
165990780-9360691-12.42%Reserve for Inventory
Obsolescence-3765000-12136103-8371103222.34%-12136103-
105585251577578-13.00%Prepaid
Insurance18291432830474100133154.74%28304742667722-
11. 162752-5.75%Prepaid Rent2500000-250000-100.00%000Office
Supplies925995653063.30%95659182-383-4.00% Total
Current
Assets4878214112962848380846342165.73%129628483113840
024-15788459-12.18%Property, Plant &
EquipmentLand146250131040-15210-
10.40%13104013104000.00%Buildings and Land
Improvements779882698775-81107-
10.40%69877583377513500019.32%Machinery, Equipment,
Office
Furniture54152232805892739067505.81%3280589328058900.0
0%Accum. Depreciation-205000-786102-581102283.46%-
786102-1403257-61715578.51%Other Noncurrent
Assets673010-67301-100.00%000 Total Property, Plant &
Equipment132995533243021994347149.96%33243022842147-
482155-14.50%Total
Assets5011209613295278582840689165.31%132952785116682
171-16270614-12.24%Liabilities and Stockholder's
EquityAccounts
Payable89345911948886610554275118.13%1948886612850648
-6638218-34.06%Wages
Payable36838264513227675618.04%264513198384-66129-
25.00%FICA Employee
Withholding164894527804473.54%94527089-2363-
25.00%Medicare
Withholding73012785120551651.37%127859589-3196-
25.00%Federal Payroll Taxes
Payable75411322561247151653.83%13225699192-33064-
25.00%State Payroll Taxes
Payable351961630581111651.35%6163046200-15430-
25.04%FICA Employer
Withholding164894527804473.54%94527089-2363-
25.00%Medicare Employer
Withholding73012785120551651.37%127859589-3196-
25.00%Income Taxes
Receivable/Payable0320544032054403205440601154028061008
12. 7.54%Line of
Credit125000005223136039731360317.85%5223136047481737-
4749623-9.09%Current Portion LT Note
Payable0677640677640677640721480438406.47%Interest
payable04703114703114703115684299811820.86%Bonuses
payable0504000504000504000459000-45000-8.93%Dividend
payable6000000152500009250000154.17%1525000015000000-
250000-1.64% Total Current
Liabilities274872459233049064843245235.90%9233049083469
966-8860524-9.60%Long term LiabilitiesLong-Term Note
Payable012762360127623601276236012040880-721480-5.65%
Total
Liabilities2748724510509285077605605282.33%105092850955
10846-9582004-9.12%Stockholder's EquityCommon
Stock101312501013125000.00%101312501013125000.00%Paid
-in
Capital9278750927875000.00%9278750927875000.00%Retaine
d Earnings (Beginning
Balance)321485184499355235084162.84%84499351761325-
6688610-79.16% Total Stockholder's
Equity2262485127859935523508423.14%2785993521171325-
6688610-24.01%Total Liabilities and Stockholder's
Equity5011209613295278582840689165.31%132952785116682
171-16270614-12.24%
IS Analysis Complete a Horizontal and Vertical Analysis of the
Income Statement in this worksheet.Chester, Inc.Vertical
Analysis201320142015AmountPercentageAmountPercentageAm
ountPercentageSales
307,716,148101.86%271,839,067104.79%288,876,206108.70%S
ales
Returns5,621,9791.86%12,432,2474.79%23,110,0968.70%Net
Sales302,094,169100.00%259,406,820100.00%265,766,110100.
00%Cost of Goods Sold
176,961,43758.58%161,029,98162.08%179,103,24867.39%Gros
s
Profit125,132,73241.42%98,376,83937.92%86,662,86232.61%O
13. perating ExpenseAdministrative Wages
Expense21,094,1326.98%18,344,3997.07%19,706,5067.41%Adv
ertising
Expense1,121,4250.37%1,161,2760.45%1,058,3910.40%Auto
Expenses261,2180.09%235,7630.09%214,0010.08%Bad Debt
Expense2,028,0320.67%5,875,4032.26%13,900,8005.23%Bonus
Expense00.00%504,0000.19%459,0000.17%Depreciation
Expense166,2500.06%581,1020.22%617,1550.23%Freight5,378,
6891.78%4,749,0951.83%4,325,0681.63%Insurance
Expense1,067,4280.35%1,045,0850.40%951,7740.36%Legal
and Professional
Expense4,506,4171.49%11,037,0394.25%8,987,0693.38%Maint
enance
Expense76,4200.03%96,0200.04%87,6410.03%Miscellaneous
Office Expense21,2790.01%27,8030.01%25,3900.01%Payroll
Tax
Expense1,938,7360.64%1,767,1490.68%1,609,3420.61%Pension
/Profit-Sharing Plan
Ex3,750,0001.24%3,696,0001.42%3,366,0001.27%Phone95,467
0.03%57,9110.02%53,6510.02%Postal160,0420.05%87,1400.03
%79,3600.03%Property Tax
Expense100,6190.03%110,2520.04%101,3190.04%Rent or
Lease
Expense3,254,3571.08%1,370,2730.53%2,230,6150.84%Researc
h and
Development38,639,55412.79%532,4250.21%3,080,3131.16%Ut
ilities169,5540.06%170,7650.07%155,6000.06%Warehouse
Salaries5,791,7301.92%5,848,1202.25%5,270,6891.98%Warrant
y Expense1,375,3520.46%1,297,1040.50%1,422,3810.54%
Total Operating
Expenses90,996,70130.12%58,594,12422.59%67,702,06525.47
%Income Before Other Gains and
Losses34,136,03111.30%39,782,71515.34%18,960,7977.13%
Other Gains and LossesInterest
Expense1,093,7500.36%3,373,0561.30%2,942,1471.11%Income
from Investments(665,079)-0.22%(658,672)-0.25%(549,387)-
14. 0.21%Unrealized (Gains) and Losses -
Investments64,2880.02%85,5140.03%(128,725)-0.05%Interest
Income(255,379)-0.08%(147,707)-0.06%(142,168)-0.05%
Total Other Gains and
Losses237,5800.08%2,652,1911.02%2,121,8670.80% Income
before Income
tax33,898,45111.22%37,130,52414.31%16,838,9306.34%Incom
e tax expensesIncome Tax Expense -
Federal2,956,2500.98%14,142,2405.45%7,269,5402.74%Income
Tax Expense -
State536,2500.18%2,503,2000.96%1,258,0000.47% Net
Income30,405,95110.07%20,485,0847.90%8,311,3903.13%Loss
on Legal Settlement23,965,0007.93%00.00%00.00% Income
transferred to Retained
earnings6,440,9512.13%20,485,0847.90%8,311,3903.13%Chest
er, Inc.Horizontal Analysis20132014Increase /
Decrease20142015Increase / DecreaseAmountAmount in
AmountPercentageAmountAmount in AmountPercentageSales
307,716,148271,839,067(35,877,081)-
11.66%271,839,067288,876,20617,037,1396.27%Sales
Returns5,621,97912,432,2476,810,268121.14%12,432,24723,11
0,09610,677,84985.89%Net
Sales302,094,169259,406,820(42,687,349)-
14.13%259,406,820265,766,1106,359,2902.45%Cost of Goods
Sold 176,961,437161,029,981(15,931,456)-
9.00%161,029,981179,103,24818,073,26711.22%Gross
Profit125,132,73298,376,839(26,755,893)-
21.38%98,376,83986,662,862(11,713,977)-11.91%Operating
ExpenseAdministrative Wages
Expense21,094,13218,344,399(2,749,733)-
13.04%18,344,39919,706,5061,362,1077.43%Advertising
Expense1,121,4251,161,27639,8513.55%1,161,2761,058,391(10
2,885)-8.86%Auto Expenses261,218235,763(25,455)-
9.74%235,763214,001(21,762)-9.23%Bad Debt
Expense2,028,0325,875,4033,847,371189.71%5,875,40313,900,
8008,025,397136.59%Bonus
16. 0.96%(658,672)(549,387)109,285-16.59%Unrealized (Gains)
and Losses -
Investments64,28885,51421,22633.02%85,514(128,725)(214,23
9)-250.53%Interest Income(255,379)(147,707)107,672-
42.16%(147,707)(142,168)5,539-3.75% Total Other Gains and
Losses237,5802,652,1912,414,6111016.34%2,652,1912,121,867
(530,324)-20.00% Income before Income
tax33,898,45137,130,5243,232,0739.53%37,130,52416,838,930(
20,291,594)-54.65%Income tax expensesIncome Tax Expense -
Federal2,956,25014,142,24011,185,990378.38%14,142,2407,26
9,540(6,872,700)-48.60%Income Tax Expense -
State536,2502,503,2001,966,950366.80%2,503,2001,258,000(1,
245,200)-49.74% Net
Income30,405,95120,485,084(9,920,867)-
32.63%20,485,0848,311,390(12,173,694)-59.43%Loss on Legal
Settlement23,965,0000(23,965,000)-100.00%000 Income
transferred to Retained
earnings6,440,95120,485,08414,044,133218.04%20,485,0848,3
11,390(12,173,694)-59.43%
RatiosCalculate and Present at least three Liquidity, Solvency
and Profitability Ratios in this
Worksheet201320142015Liquidity RatiosCurrent Ratio =
Current Assets / Current Liabilities1.771.401.36Quick Ratio =
(Current Assets – Inventories) / Current
Liabilities0.980.690.67Times Interest Earned Ratio = Income
before Interest and Income tax / Interest
expense31.9912.016.72Solvency RatiosDebt to total assets
Ratio Total Liabilities / Total Assets0.550.790.82Debt to total
Equity Ratio Total Liabilities / Stockholder's
equity1.213.774.51Long Term Debt/Equity Ratio = Long Term
Debt / Shareholders Equity0.000.460.57Profitabilty
ratiosEarnings per share = (Net income - Preferred stock
dividend) / Average common shares
outstanding$34.75$23.41$9.50Profit Margin = Net Income /
Net sales10.07%7.90%3.13%Return on Assets = Net Income /
Total Assets60.68%15.41%7.12%
17. ACC 700 Milestone One Guidelines and Rubric
The first milestone is a rough draft of the first artifact for your
professional portfolio, financial statements and analysis. You
will complete a set of financials as described in the appendix
section of the prompt below for a fictitious company called
Chester Inc. You will then submit a report of your findings and
recommendations. This will be graded using the rubric at the
end of this document and is an opportunity for you to organize
your thoughts and receive feedback from your instructor for the
final submission. You should note that the submission
guidelines for this milestone are less demanding than those for
the final submission. Once you have submitted this milestone
and received feedback from your instructor, it is up to you to
incorporate this feedback and complete the artifact by meeting
the submission guidelines found in the Final Project Guidelines
and Rubric document.
Client One – Chester, Inc. (Financial Statements and Analysis)
Chester, Inc. is a large, publicly traded client at S.N.H.U., LLC.
Your task is to develop a comprehensive, professional report for
the board of directors. To do this, you will use Chester, Inc.’s
trial balance to compose comparative financial statements,
analyze data, and interpret results. These financial statements
must be in good form in accordance with Generally Accepted
Accounting Principles (GAAP). Next, you will assess the
performance of Chester, Inc. using the financial statements that
you created, along with industry performance data and the
financial statements of a competitor. In addition, Chester, Inc.
is considering expanding into the global market. They would
like you to highlight key areas of the financial statements you
have prepared and identify how they would be reported
differently if composed under International Financial Reporting
Standards (IFRS) rather than GAAP.
18. Background and Financial Information
Chester, Inc. is a large, publicly traded client operating in
athletic wear including clothing, shoes, and accessories. Direct
competitors include Columbia Sportswear Company (COLM –
NYSE) and Under Armour, Inc. (UA – NYSE). All of these
companies operate in the textile-apparel clothing industry.
Chester Inc. operates on a calendar year.
Reference the Milestone One Chester Inc. Trial Balance
spreadsheetfor the past three years’ financials (2013, 2014, and
2015).
Additional information:
· Land with the land improvements were sold at book value (no
gain or loss) in 2014. (Note: To evaluate the sale, use the
following accounts: land, building and land improvements, and
Other Noncurrent Assets)
· New equipment purchased with cash for $2,739,067 in 2014
· New storage building purchased with cash for $135,000 in
2015
· No investments have been sold or purchased in 2014 or 2015
There are currently 8,275,000 shares of common stock
outstanding. No additional common stock has been sold or
repurchased in any of the aforementioned years.
Artifact One: Financial Statements and Analysis
The first artifact that you will include in your portfolio is the
comprehensive, professional report that you create for the board
of directors of Chester, Inc.—a large publicly traded client at
S.N.H.U., LLC. The report should contain your findings with
the financial statements package as an appendix (Excel
19. attachment).
Incorporate the feedback that you receive from your instructor
during the development of this artifact.
Appendix: These sections should be completed first, before you
write your report. Use the proper format for each section in
accordance with Generally Accepted Accounting Principles
(GAAP) and note and explain differences under International
Financial Reporting Standards (IFRS) where appropriate:
· Income statement
· Balance sheet
· Statement of retained earnings
· Statement of cash flows (indirect method)
· Ratio analysis
· Liquidity – minimum of three key ratios with supporting
calculations with a minimum of three years of data
· Profitability – minimum of three key ratios with supporting
calculations with a minimum of three years of data
· Solvency – minimum of three key ratios with supporting
calculations with a minimum of three years of data
· Vertical and horizontal analysis
· Both vertical and horizontal for the income statement with a
minimum of three years of data
· Both vertical and horizontal for the balance sheet with a
minimum of three years of data
Report of Findings and Recommendations: The report is the key
section of this artifact and will be written after you complete
the analysis in the sections in the appendix above. The report
will demonstrate your understanding of financial statements,
what they contain, what they mean, and how they are used in
strategic decision making.
As you know, numbers are useless if we do not know what they
mean and how to use them. The financial statements, ratios, and
20. vertical/horizontal analysis should be analyzed and interpreted
in order to assess and explain the performance of the
organization. In your report, you must:
· Address all three key ratios in each ratio category. Include
what each ratio indicates and how the organization performed
against its key competitor and industry averages.
· Address all key findings in the vertical and horizontal analysis
of the income statement and balance sheet. As a general rule,
anything over 10% warrants addressing.
Guidelines for Submission: All financial calculations should be
complete. Your paper must be submitted as a four- to five-page
Microsoft Word document with double spacing, 12-point Times
New Roman font, one-inch margins, and two to three sources
cited in APA format. Round all answers up to the nearest dollar
value in any calculations.
Note that this milestone is a rough draft and the submission
guidelines are different for the final project. The final paper
will be 8–10 pages in length with at least five sources. Refer to
the guidelines for submission in the Final Project Guidelines
and Rubric document.
Critical Elements
Proficient (100%)
Not Proficient (0%)
Value
Income Statement
Completes the income statement using the proper format for
each section in accordance with Generally Accepted Accounting
Principles (GAAP) and notes and explains differences under
International Financial Reporting Standards (IFRS) where
appropriate
Does not complete the income statement using the proper format
21. for each section in accordance with Generally Accepted
Accounting Principles (GAAP); differences under International
Financial Reporting Standards (IFRS) are not noted or explained
5
Balance Sheet
Completes the balance sheet using the proper format for each
section in accordance with Generally Accepted Accounting
Principles (GAAP) and notes and explains differences under
International Financial Reporting Standards (IFRS) where
appropriate
Does not complete the balance sheet using the proper format for
each section in accordance with Generally Accepted Accounting
Principles (GAAP); differences under International Financial
Reporting Standards (IFRS) are not noted or explained
10
Statement of Retained Earnings
Completes the statement of retained earnings using the proper
format for each section in accordance with Generally Accepted
Accounting Principles (GAAP) and notes and explains
differences under International Financial Reporting Standards
(IFRS) where
appropriate
Does not complete the statement of retained earnings using the
proper format for each section in accordance with Generally
Accepted Accounting Principles (GAAP); differences under
International Financial Reporting Standards (IFRS) are not
noted or
explained
10
Statement of Cash Flows
Completes the statement of cash flows using the proper format
for each section in accordance with Generally Accepted
Accounting Principles (GAAP) and notes and explains
differences under International Financial Reporting Standards
(IFRS) where
appropriate
22. Does not complete the statement of cash flows using the proper
format for each section in accordance with Generally Accepted
Accounting Principles (GAAP); differences under International
Financial Reporting Standards (IFRS) are not noted or explained
10
Ratio Analysis
Performs a ratio analysis for liquidity, profitability, and
solvency with a minimum of three years of data using the proper
format for each section in accordance with Generally Accepted
Accounting Principles (GAAP) and notes and explains
differences under International Financial Reporting Standards
(IFRS) where
appropriate
Does not perform a ratio analysis for liquidity, profitability, and
solvency with a minimum of three years of data using the proper
format for each section in accordance with Generally Accepted
Accounting Principles (GAAP); differences under International
Financial Reporting Standards (IFRS) are not noted or explained
10
Vertical and Horizontal Analysis
Performs a vertical and horizontal analysis of the income
statement and balance sheet using the proper format for each
section in accordance with Generally Accepted Accounting
Principles (GAAP) and notes and explains differences under
International Financial Reporting Standards (IFRS) where
appropriate
Does not perform a vertical and horizontal analysis of the
income statement and balance sheet using the proper format for
each section in accordance with Generally Accepted Accounting
Principles (GAAP); differences under International Financial
Reporting Standards (IFRS) are not noted or explained
10
Key Ratios
Addresses all three key ratios in each ratio category; includes
what
each ratio indicates and how the organization performed against
23. its key competitor and industry averages
Does not address all three key ratios in each ratio category or
include what each ratio indicates and how the organization
performed against its key competitor and industry averages
20
Vertical and
Horizontal Analysis
Addresses all key findings in the vertical and horizontal
analysis of
the income statement and balance sheet
Does not address all key findings in the vertical and horizontal
analysis of the income statement and balance sheet
20
Articulation of Response
Submission has no major errors related to citations, grammar,
spelling, syntax, or organization
Submission has critical errors related to citations, grammar,
spelling, syntax, or organization that prevent understanding of
ideas
5
Earned Total
100%
Trial BalanceChester, Inc.Trial Balances for years ending
December 31, 2013, 2014 and 2015Account
Description2,01320142015Cash on
Hand$2,483$2,459$2,511Checking Account -
Operating247,646252,858243,892MMKT
Accounts806,288983,1611,205,563Investments -
Trading6,935,7126,850,1986,978,923Accounts
Receivable20,513,62856,472,09149,042,528Allowance for
Doubtful Accounts(1,578,525)(2,387,691)(2,942,552)Other
Receivables01,400,0001,200,000Inventory23,531,50775,351,47
24. 165,990,780Reserve for Inventory
Obsolescence(3,765,000)(12,136,103)(10,558,525)Prepaid
Insurance1,829,1432,830,4742,667,722Prepaid Rent250,000- 0-
0Office
Supplies9,2599,5659,182Land146,250131,040131,040Buildings
and Land Improvements779,882698,775833,775Machinery,
Equipment, Office Furniture541,5223,280,5893,280,589Accum.
Depreciation(205,000)(786,102)(1,403,257)Other Noncurrent
Assets67,301- 0- 0Accounts
Payable(8,934,591)(19,488,866)(12,850,648)Wages
Payable(36,838)(264,513)(198,384)FICA Employee
Withholding(1,648)(9,452)(7,089)Medicare
Withholding(730)(12,785)(9,589)Federal Payroll Taxes
Payable(7,541)(132,256)(99,192)State Payroll Taxes
Payable(3,519)(61,630)(46,200)FICA Employer
Withholding(1,648)(9,452)(7,089)Medicare Employer
Withholding(730)(12,785)(9,589)Income Taxes
Receivable/Payable0(3,205,440)(6,011,540)Line of
Credit(12,500,000)(52,231,360)(47,481,737)Current Portion LT
Note Payable0(677,640)(721,480)Interest
payable0(470,311)(568,429)Bonuses
payable0(504,000)(459,000)Dividend
payable(6,000,000)(15,250,000)(15,000,000)Long-Term Note
Payable(12,762,360)(12,040,880)Common
Stock(10,131,250)(10,131,250)(10,131,250)Paid-in
Capital(9,278,750)(9,278,750)(9,278,750)Retained Earnings
(Beginning Balance)(2,773,900)????????Dividends
6,000,00015,250,00015,000,000Sales
(307,716,148)(271,839,067)(288,876,206)Sales
Returns5,621,97912,432,24723,110,096Income from
Investments(665,079)(658,672)(549,387)Unrealized (Gains) and
Losses - Investments64,28885,514(128,725)Interest
Income(255,379)(147,707)(142,168)Cost of Goods Sold
176,961,437161,029,981179,103,248Administrative Wages
Expense21,094,13218,344,39919,706,506Advertising
Expense1,121,4251,161,2761,058,391Auto
25. Expenses261,218235,763214,001Bad Debt
Expense2,028,0325,875,40313,900,800Bonus
Expense0504,000459,000Depreciation
Expense166,250581,102617,155Freight5,378,6894,749,0954,32
5,068Insurance Expense1,067,4281,045,085951,774Legal and
Professional
Expense4,506,41711,037,0398,987,069Maintenance
Expense76,42096,02087,641Miscellaneous Office
Expense21,27927,80325,390Payroll Tax
Expense1,938,7361,767,1491,609,342Pension/Profit-Sharing
Plan
Ex3,750,0003,696,0003,366,000Phone95,46757,91153,651Posta
l160,04287,14079,360Property Tax
Expense100,619110,252101,319Rent or Lease
Expense3,254,3571,370,2732,230,615Research and
Development38,639,554532,4253,080,313Utilities169,554170,7
65155,600Warehouse
Salaries5,791,7305,848,1205,270,689Warranty
Expense1,375,3521,297,1041,422,381Interest
Expense1,093,7503,373,0562,942,147Income Tax Expense -
Federal2,956,25014,142,2407,269,540Income Tax Expense -
State536,2502,503,2001,258,000Loss on Legal
Settlement23,965,000- 0- 0
Income StatementUse this worksheet to prepare a Multi-step
Income Statement to include EPSCheck Figures:2015 Net
Income$ 8,311,3902014 Gross Profit$ 98,376,8392013 Total
Expenses$ 90,996,701
Statement of Retained EarningsUse this worksheet to complete a
Statement of Retained EarningsCheck Figures:2015
Shareholders' Equity$ 21,171,3252014 Shareholders' Equity$
27,859,9352013 Shareholders' Equity$ 22,624,851
Balance SheetUse this worksheet to complete a Classified
Balance SheetCheck Figures:2015 Total Current Assets$
113,840,0242014 Current Liabilities$ 92,330,4902103 Total
Assets$ 50,112,096
Statement of Cash FlowsUse this Worksheet to complete a
26. Statement of Cash FlowsCheck Figures:2015 Net Cash from
Operating Activities$ 20,775,7512014 Net Cash from
Investing Activities$ (2,575,449)2015 Net Increase (Decrease)
in Cash$ 213,488
BS AnalysisComplete a Horizontal and Vertical Analysis of the
Balance Sheet in this worksheet.
IS Analysis Complete a Horizontal and Vertical Analysis of the
Income Statement in this worksheet.
RatiosCalculate and Present at least three Liquidity, Solvency
and Profitability Ratios in this Worksheet