Premium Essay

Financial Problem Part 1

In: Business and Management

Submitted By Baldwin28
Words 1403
Pages 6
Financial Reporting Problem, Part 1
April 20, 2014

Abstract In this paper we will discuss Walmart’s Balance sheet and Income Statement. We will analyze the company’s total assets at the end of the most recent annual reporting year and to why it is important. We then will talk about the company’s total assets, how much cash and cash equivalents did the company have, as well as, the amount of accounts payable at the most recent year, and from the previous year. What the company’s net revenues are from the last three annual reporting periods, the change in dollars in the company’s net income from the most recent annual reporting period to the previous annual reporting period. We will talk about the company’s total assets at the end of the most recent year and the previous year from the annual reporting period. Lastly, we will discuss as to what information that has been obtained within this paper that would be important to a potential investor, employee and so forth.

Financial Reporting Problem, Part 1

Total Assets The total assets for Wal-Mart as of January 31, 2013 were $203,105,000. The reason this is important for a company or business to know, is so the business can have a better understanding of how much the company is worth. Knowing how much a company is worth is beneficial because the assets can be used as collateral for a loan. Also knowing the assets and comparing total assets to previous years can show if a company is growing and expanding or shrinking. For Wal-Mart, the comparison from the previous year shows that the total assets increased. As of January 31, 2012 the company showed total assets of $193,406,000. With the comparison from January 31, 2012 to the current figure from January 31, 2013 Wal-Mart grew and/or expanded in total assets by 9,699,000. Cash and Cash…...

Similar Documents

Premium Essay

Part 1

...opportunity for you to apply concepts learned to a real-life simulation experience. Throughout the Course Project, you will assume that you work as a financial analyst for AirJet Best Parts, Inc. The Course Project is provided in two parts as follows: Part I – In Part I, you work with AirJet Best Parts, Inc. staff to identify the best loan options, as well as to valuate stocks and bonds. Part II – In Part II, you will provide the company with a recommendation for purchasing a new machine. You will base your recommendation on the Net Present Value (NPV) of the capital investment project using the cost of capital (WACC) as your discount rate. About AirJet Best Parts, Inc. AirJet Best Parts, Inc. is a company dedicated to the design and manufacturing of aviation and airplane technologies and parts. The company has commercial and military clients worldwide. Task 1: Assessing loan options for AirJet Best Parts, Inc. The company needs to finance $8,000,000 for a new factory in Mexico. The funds will be obtained through a commercial loan and by issuing corporate bonds. Here is some of the information regarding the APRs offered by two well-known commercial banks. Bank | APR | Number of Times Compounded | National First | Prime Rate + 6.75% | Semiannually | Regions Best | 13.17 | Monthly | 1. Assuming that AirJet Parts, Inc. is considering loans from National First and Regions Best, what are the EARs for these two banks? Hint for National Bank: Go to......

Words: 2010 - Pages: 9

Premium Essay

Financial Statement Part 1

...Financial Statements ACC497 Financial Statements Paper Consolidated Statement of Earnings The Consolidated Statement of Earnings presents the financial position of the parent company and its subsidiaries. This enables the reader to compare the overall financial position of the company as a whole versus any one of its subsidiaries. The income statement shows how much and where the company spends and receives its income from. The income statement covers a specific period of time, allowing comparability from period to period. In the case of the Home Depot Annual report, we can see from comparing the three years listed, 2007 to 2009. That Home depot is making less money each year from 2007 to 2008 to 2009. Looking at the financial report in detail we can see that the cost of sales is about the same, but the amount of gross profits are dropping. This can be from several reasons. Home Depot may have decided not to raise its prices to keep up with the yearly cost of inflation to its products to keep the cost of the product more affordable to its customers, in an effort to keep customers or perhaps even to draw in new customers. We can also see from the increase in operating expenses that this has increased yearly as well as depreciation and amortization expense. With the combination of less gross profits and the increases in operating expenses the net overall operating income has decreased by......

Words: 1111 - Pages: 5

Premium Essay

Financial Problem

...Bullying Definition Bullying is unwanted, aggressive behavior among school aged children that involves a real or perceived power imbalance. The behavior is repeated, or has the potential to be repeated, over time. Both kids who are bullied and who bully others may have serious, lasting problems.  In order to be considered bullying, the behavior must be aggressive and include: * An Imbalance of Power: Kids who bully use their power—such as physical strength, access to embarrassing information, or popularity—to control or harm others. Power imbalances can change over time and in different situations, even if they involve the same people. * Repetition: Bullying behaviors happen more than once or have the potential to happen more than once. Bullying includes actions such as making threats, spreading rumors, attacking someone physically or verbally, and excluding someone from a group on purpose. * Types of Bullying * Where and When Bullying Happens * Frequency of Bullying Types of Bullying  There are three types of bullying: * Verbal bullying is saying or writing mean things. Verbal bullying includes: * Teasing * Name-calling * Inappropriate sexual comments * Taunting * Threatening to cause harm * Social bullying, sometimes referred to as relational bullying, involves hurting someone’s reputation or relationships. Social bullying includes: * Leaving someone out on purpose * Telling other children not...

Words: 370 - Pages: 2

Premium Essay

Financial Reporting Problem Part Ii Acc290 September 16,2013

...Financial Reporting Problem Part II ACC290 September 16,2013 Financial Reporting Problem Part II Financial Reporting Problem, Part II The PepsiCo is a beverage distributor is known for their soda and other merchandise. The cola company started in the 1800s in a drugstore, and it was named “Brad’s Drink.” In 1898, cola introduced “Brad’s Drink” to the market. After a few years, the name changed to Pepsi. The currents assets are very important to companies like PepsiCo. In the balance sheet, “current assets are assets that a company expects to convert to cash or use up within one year or its operating cycle, whichever is longer. For most businesses, the cut off for classification as current assets is one year from the balance sheet date” (Kimmel, Weygandt, & Kieso, 2011, p. 49). The company can use these assets to support its routine operations. For example, the company can use the assets to pay their current expenses. The common types of current assets consist of cash, marketable securities, inventory, accounts receivable, prepaid expenses, and additional liquid assets that the company can turn in to cash. However, according to Kimmel, Weygandt, and Kieso, 2011, companies normally arrange their current assets in the order in which they anticipate to convert them into cash. Therefore, the proper order for a company to have its assets listed under the current assets is as follows cash, (2) short-term investments (such as short-term U.S. government......

Words: 982 - Pages: 4

Premium Essay

Financial Reporting Problem, Part I

...Financial Reporting Problem, Part I ACC/290 University of Phoenix Financial Reporting Problem, Part I The company’s annual report is important because it gives the shareholders a clear picture and understanding about how the company is doing financially. The annual reports provide thorough information on very significant section of the accounts, such as the balance sheet, the income statement, and the cash flow statement. The information presented in the annual report would also be essential to potential investor, employee, and any other people that may have interest in financial aspect of the business.  The company’s total assets at the end of 2009 were $39,848,000 (PepsiCo, n.d.). However, in 2010 its most recent annual report shows an increase to the previous annual reporting period of $28,305,000 that brings PepsiCo’s total assets to $68,153,000 (PepsiCo, n.d.). This information is important because it demonstrate what the company owns. It gives an understanding of the financial condition of the company, whether or not there have been improvement from the previous years. The current assets are the first thing on the balance sheet under the asset column. A company lists all of the possessions that it may convert into cash in a short period, that normally takes place with a year or less. Because these assets can easily turn into cash the company refers to them as “liquid” assets. Cash and cash equivalents are the most liquid assets found......

Words: 1782 - Pages: 8

Premium Essay

Financial Statements Paper Part 1

...Financial Statements Paper Part 1 ACC 497 July 14, 2014 Financial Statements Paper Part 1 In Financial Statements Paper Part 1 I will discuss The Home Depot’s annual report, to include the consolidated statement of earnings, the balance sheet, and the statement of cash flows. I will discuss some details of each sheet, the importance of the contents, business decisions associated with each sheet, and the benefits gained from the information contained in the sheets. The Consolidated Statement of Earnings-- income statement-- tells the reader about the sales and expenses applied by The Home Deport during the most recent fiscal year. An immediate analysis of this income statement indicates the company has net sales figures between $70 billion and $80 billion per year. This is a significant difference over a three year time period. The one very noticeable issue is the substantial decrease in sales from 2008 to 2009. The Home Depot´s net sales in 2008 dropped roughly eight percent compared to the previous year. Operating expenses increased by approximately 105%, while operating income decreased by about 40%. The increase in operating income helped bring the numbers up, but after it is all said and done, the bottom line is the fact that net earnings were down approximately 49% in 2008 compared to the previous year. The Home Depot attributed the significant decline in sales to the decline in the residential (new) construction and home improvement markets. In......

Words: 1052 - Pages: 5

Premium Essay

Financial Statement Part I

...Financial Statements Paper Part I ACC 497 Dally Sichmeller August 9, 2014 Robert Davis Financial Statements Paper Part Companies issue annual reports every year, these annual reports contain financial statements that include the income statement, balance sheet and statement of cash flow. In order to understand the annual report, one has to know what information these statements give and why they are important. The information in these statements can also be useful in making business decisions. In this paper we will discuss the contents, the importance and the usefulness of these statements found in Home Depot 2008 Annual Report. Consolidated Statements of Earnings - Income Statement The consolidated statement of earnings or the income statement reports the companies income, expenses, and profits over a period of time, usually a year. The Home Depot uses a multiple-step income statement, this type of statement separates revenue operating revenue and expenses from all other types of revenue and expenses. The income statement includes net sales, costs of goods sold, and gross profits according to the Home Depots income statement sales and profit has decreased over the last three years. Part of this could be due to the increase in operating and non-operating expenses. Cash disbursements and cash receipts are not included in the income statement. Income statements also show the earnings per share (EPS) or how much money a shareholder would receive if the Home Depot......

Words: 1117 - Pages: 5

Premium Essay

Home Depot Financial Statements Part 1

...Home Depot Financial Statements Home Depot a hardware box chain store throughout the United States has released their 2007, 2008, and 2009 annual reports. Within Home Depots, annual reports, are financial statements that will assist in analyzing the financial standings of Home Depot from 2007 to 2009. Taking a more in-depth look at the financials statements below, which includes consolidated statements of earning, balance sheet, and cash flow helps better to understand the internal and external use of each statement. As well as analyzing how a company makes decisions based on the financial information on the statements. Consolidated Statements of Earnings Home Depot's income statement is a mirror of their expenditures versus income that will tell if Home Depot is making a profit or in a financial bind. Within the consolidated statements, are net sales that are a tool to deceiver what the company’s cost of goods are and expenses that are a percentage of the net sales. After analyzing the three principal components cost of goods, expenses, and net sales a company can make financials decisions. These decision includes whether to increase or decrease costs or cost of goods based on the companies income for a said period or at the end of the fiscal year. For example, if Home Depot were to make some cuts due to down sales then analyzing cost of goods could help to make up for low sales. A company may pull merchandise from their warehouse or only order essential items to...

Words: 1039 - Pages: 5

Premium Essay

Applying Theory to Practice Problem Part 1

...Applying Theory to a Practice Problem: Part 1: Introduction and Problem of Practice Grand Canyon University Theoretical Foundations for Nursing Roles and Practice NUR-502 Jennifer Wood, BSN, MSN, PhD. January 1, 2015 Applying Theory to a Practice Problem: Part 1: Introduction and Problem of Practice Theory serves as the foundation for understanding the essence of nursing and it gives the nurse the opportunity to understand the reason for the occurrence of an event (McEwen & Willis, 2014, p. 413). In different clinical settings, nurses care for patients amidst all the interruption and distraction and therefore are prone to making medical errors despite their best intentions. Medical errors are common in most healthcare settings and more so in the critical care units. According to the 1999 Institute of Medicine (IOM) report, several thousand people die each year from avoidable medical errors. Medical errors have been defined in different ways by various authors but one that captures the essence of this problem is that contained in the IOM report of 1999 which described this issue as “the failure of a planned action to be completed as intended or the use of a wrong plan to achieve an aim” (IOM, 1999). Medical errors include but are not limited to medication errors, errors associated with medical and surgical procedures, those associated with transcription and charting activities, adverse drug events, restraint-related injuries, or mistaken identities and are more......

Words: 1875 - Pages: 8

Premium Essay

Part 1

... “Ms. Mason. Ms. Mason. Open the door please.” I knew that little voice, Christine Collins the girl next door I watch. Tears rolling down her face, “Please it’s my mommy…help her.” Christine’s mother was lying on the living room floor. “Mrs. Collins? Can you hear me? It’s Beth.” I glanced at Christine whose head was berried in her hands. How do I tell an eight-year-old girl her mother wasn’t breathing? I pulled her next to me, “Sweetie” before I could talk she spoke, “Is she asleep like my daddy, Ms. Mason?” I have forgot that her father passed away less than two months ago. I just nodded, “Can I come with you?” kissing her head, “Of course you can. I can’t leave you here alone. Go get some things together.” I had no way of calling 9-1-1 so I laid a cover over her. Christine came out of her room with a book bag and a stuffed teddy bear. We went back over to my house. “Ms. mason?” I stopped her, “Christine I am only 18 you don’t have to talk to me like you do my mother honey. You can call me Beth.” She smiled, “Okay. Um Beth where is your mommy?” We got in my small two door car that looks like it could fall apart any second. It was hard to get down our street, cars where just in the middle of the road. I threw a jacket over Christine’s face. I didn’t want to see bloody people on the ground or leaning half way out of their car doors. What in the world has happened? The police stations was the exact same. Dead people were all around. I found my mother half awake at her......

Words: 1426 - Pages: 6

Premium Essay

Part 1

...Mod 6: Discussion Questions Actions for Mod 6: Discussion Questions Part 1 Read the article People Can Equal Profits or Problems. Briefly identify the author’s position on personal relationships in the workplace. Do you agree with the author's position? Why? Why not? Have you encountered similar dilemma at your job, school, or other settings? How did you resolve it? Part 2 How do you see American society today in terms of class relations and social mobility? Do you see the American education system as reinforcing the opportunity for social mobility or perpetuating the class division in this nation? Why? Part 3 Referring to your readings in Mor Barak, what is the most prominent cultural style and relational mental model at your workplace or other organizations to which you belong (e.g. school) Part 1 In the article “People Can Equal Profits or Problems” by Joseph Schmitt, I believe that the author is against the personal relationship in the workplace, and he also points out that having a great leader is important for attracting good people. According to the article, “If companies have people problems, they probably have a problem with the leadership that is administering the people programs. If companies want to attract good people, then the first step they need to take is to be certain great people lead them. Worse than bad hiring processes, layers of nepotism and cronyism send clear messages that who you know and to whom you are related are much more important......

Words: 616 - Pages: 3

Premium Essay

Financial Reporting Part 1

...Financial Reporting Problem, Part 2 At the end of the most recent annual reporting period in 2014, the Walmart Corporation reported its total assets at $204,751 million dollars. At the end of the previous accounting period on January 31, 2013 the total current assets where listed at $203,105 million. This is important because current assets are useful for determining the liquidity of a company. If Walmart’s assets had decreased dramatically within one year, it would result in being a greater risk for creditors. Cash and Cash Equivalents are liquid assets on a balance sheet for a company. These assets can be converted into cash if needed and are treated like cash. “Cash and cash equivalents were $9.1 billion and $7.3 billion for fiscal 2015 and 2014, respectively. Our working capital deficit was $2.0 billion and $8.2 billion at January 31, 2015 and 2014, respectively. The decrease in our working capital deficit is primarily the result of using less of our net cash provided by operating activities for share repurchases and capital expenditures during fiscal 2015, which allowed us to reduce our short term borrowings.” “The decrease in cash flows provided by operating activities in fiscal 2014, when compared to the previous fiscal year, was primarily due to the timing of income tax payments, as well as lower income from continuing operations.” ( A liability that represents the amount of......

Words: 791 - Pages: 4

Premium Essay

Part 1

...within range is important because the connection between health and nutrition is essential for being healthy and for survival. Balancing macronutrient intake is vital in maintaining the bodies normal metabolic functioning, providing energy, maintaining organ and brain function, growth and repair of tissue, protection from certain diseases, digestion, and to control stress (Hark & Deen, 2005). The effects of too much macronutrients can cause weight gain, which can lead to other health problems such as type 2 diabetes, hypertension, cardiovascular disease, and problems with bones and joints. The result of too little macronutrients can cause muscle wasting, anemia, deterioration of nerves and cognitive ability, fatigue, and weakness. Consistently eating not enough protein will weaken the body, which will then cause the body to begin consuming internal sources of protein, such as muscle and organs. If protein deficiency is continued, this could lead to muscle deterioration, digestive problems and severe weight loss. Eating too few carbohydrates can cause the body to find another source for energy, such as protein which is needed for energy and muscle tissue. Additionally, carbohydrates are the primary source for glucose that is needed for the brain to function properly. Consuming to few lipids does not provide the necessary energy needed for the body, which decrease metabolism and hormone production. Fiber Intake Ranges The fiber intakes meet the recommendation......

Words: 1028 - Pages: 5

Premium Essay

Strayer Financial Accounting Mid Term Part 1

...Question 1 3 out of 3 points Correct Radio Moscow Industries purchased supplies for $1,000. They paid $400 in cash and agreed to pay the balance in 30 days. The journal entry to record this transaction would include a debit to an asset account for $1,000, a credit to a liability account for $600. Which of the following would be the correct way to complete the recording of the transaction? Answer Selected Answer: Credit an asset account for $400. Correct Answer: Credit an asset account for $400. Question 2 3 out of 3 points Correct Which of the following statements is false? Answer Selected Answer: Revenues are increased by debits. Correct Answer: Revenues are increased by debits. Question 3 3 out of 3 points Correct On July 7, 2015, Hidden Camera Enterprises performed cash services of $1,700. The entry to record this transaction would include Answer Selected Answer: a debit to Cash of $1,700. Correct Answer: a debit to Cash of $1,700. Question 4 3 out of 3 points Correct The chart of accounts is a Answer Selected Answer: listing of the accounts and the account numbers which identify their location in the ledger. Correct Answer: listing of the accounts and the account numbers which identify their location in the ledger. Question 5 3 out of 3 points Correct An account is an individual accounting record of increases and decreases in specific Answer Selected Answer: assets, liabilities, and stockholders’......

Words: 1452 - Pages: 6

Free Essay

Part 1 phones, and other wireless communication devices. Online shopping is a regular part of their lives. Their functional areas of the business that they currently use information resources would include things such as; payroll, inventory ordering for food stuffs, scheduling, ticket sales, and the intranet that they have set up for their employees. Currently the two owners of Club IT have worked through the issues that have come to them as needed but, according to Appendix D, the back office is being run in a cramped office space with dial up internet service. The owners are currently using multiple suppliers to bring in all of the goods that they need and have the ability to order a portion of the goods on line and other cannot be. The second use of management that they are using is the booking of the entertainment for the club. The owners currently use telephone and in person sales to promote concerts that they host. The owners have asked to have an evaluation done to see what types of information technology can be incorporated to help streamline the process and make the club more profitable. The first thing that was noticed was the slow speed of the internet connection that they have in place. The starting point of the revamp plan would include high speed internet, along with the need for a dedicated office space that would be big enough to work comfortably. From there the next part of the plan that I would offer is working to see if we could find vendors that could......

Words: 729 - Pages: 3

└ Musikinstrumente | Turfmaster Gartenanhänger Geräteanhänger a. galvanisiertem Stahl Nutzlast 450 kg | Pest Control