Company Case #2: Valero ***Note that all of the amounts stated are in millions of dollars‚ unless specified) 1. For noncurrent (long-term) liabilities‚ what categories of long-term liabilities does the company disclose on the balance sheet and what are their amounts for the most recent year? The company discloses long-term liabilities on the balance sheet as: 2011 Debt and capital lease obligations (less current portion) $6‚732 Deferred income taxes: $5‚017 Other long-term liabilities
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Chapter 1 Case: Converse Converse‚ a brand of basketball shoes that became familiar with success from the start but dropped into bankruptcy in the early 2000’s‚ is now slowly climbing its way back to the top. Since 1908 when Converse was founded it was very popular among many athletes‚ artist‚ musicians‚ and designers. Converse was well known for its original canvas high top All Star or Chuck Taylor. In the 1970’s several companies started producing this “high-top” shoe‚ which caused Converse’s
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DECISION ANALYSIS IN THE WINE INDUSTRY Priscilla S. Wisner Department of Accounting and Information Management College of Business University of Tennessee 638 Stokely Management Center Knoxville‚ TN 37996 Phone: 865.974.1714 Email: pwisner@utk.edu Case: A Votre Santé Page 1 of 17 Electronic copy available at: http://ssrn.com/abstract=1659912 BACKGROUND A Votre Santé (AVS) is a small‚ independent winery owned by Kay Aproveche. Kay has a relationship with a grower who grows two types of wine
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A Case Analysis Abstract The Hershey Company‚ known until April 2005 as the Hershey Foods Corporation and commonly called Hershey ’s‚ is the largest chocolate manufacturer in North America. Its headquarters are in Hershey‚ Pennsylvania‚ which is also home to Hershey ’s Chocolate World. It was founded by Milton S. Hershey in 1894 as the Hershey Chocolate Company‚ a subsidiary of his Lancaster Caramel Company. Hershey ’s products are sold in about sixty countries worldwide
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Chances are you’ve complained that there are "only" 24 hours in a day. Between work‚ your spouse‚ the kids‚ and all of your responsibilities around the house‚ making the most out of those 24 hours is crucial. If you’re like most people‚ your productivity could use a boost. So‚ how do you do it? Follow these 5 tips. They can help you get more done without feeling like you’re running around like a chicken with your head cut off! 1. Get up earlier. This is probably the last thing you want to hear
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Summary Tennant Company was founded in 1870 by George H. Tennant and initially produced wood products and flooring solutions. Tennant now produces floor-cleaning equipment and technologies‚ and prides itself on “creating a cleaner‚ safer‚ healthier world.” Tennant differentiates themselves from competitors by offering cleaner‚ safer and healthier products to their customers as well as through direct customer interaction. The Company drew popularity in the 1940s as a cleaning company that offered its
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Executive Summary Blozis Company is a manufacturer of highly technical equipment for use in industrial applications. Part of their business is selling pre-fabricated items off the shelf. However‚ the majority of their business is related to building specialty technical equipment to the customer’s specifications. Blozis has run into some issues with being long overdue with payments to vendors. In nearly all instances it was delayed because there had been no record of receiving the items. This
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Massachusetts Bay‚ and the Chesapeake region were both part of the New World where England was starting to colonize. Even though the people from these two locations originated from the same land (England)‚ these colonies turned out to be extremely different from one another. They differed in the reason they settled the land‚ the economic activity of the region‚ and the demographics of the colonies. II. Motives for Settlement 1. Captain John Smith settled Chesapeake Region. Massachusetts Bay settled
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Functional areas Function Areas What are main activities for each Functional area Finance Producing invoices‚ checking payments are received and chasing up overdue payments Recording money received Checking and paying invoices received Preparing the payroll and paying staff salaries Monitoring departmental budgets to check managers are not overspending Issuing regular budget reports to all departmental managers Producing cash flow forecasts and regular financial reports for senior managers Advising
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24. We can use the debt-equity ratio to calculate the weights of equity and debt. The debt of the company has a weight for long-term debt and a weight for accounts payable. We can use the weight given for accounts payable to calculate the weight of accounts payable and the weight of long-term debt. The weight of each will be: Accounts payable weight = .15/1.15 = .13 Long-term debt weight = 1/1.15 = .87 Since the accounts payable has the same cost as the overall WACC‚ we can write the equation for
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