The Calendars All different types of people whom have created calendars reflect time within their cultures to show the various types of ways of encountering and organizing “time” everywhere. Their calendars show us the way of how developing their cultures influenced their beliefs and how the ways of creating things are affected. The purpose of the Mayan‚ Egyptian‚ and Gregorian calendars was to explain how the world moves since the moon’s change and days and days pass. These calendar developments
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growth posibility is limited in case the credit facility is not increased. Average collection period (net accounts receivables/average daily sales) = 1196/7197 : 365 = 60 days Days payable outstanding (AP/average cost of purchase)= 1277/6191:365= 75 days Days inventory held (inventory/average daily cost of sales) = 594/6045:365=35 days So if we calculate cash convercion cycle: Days inventory held + Average collection – Days payable = 35 + 60 – 75 = 15 days deficit (SSG pays suplliers faster
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James Cash Penney opened his first store located in Kemmerer Wyoming in 1902‚ at the age of 25. The first store was opened in partnership between Penney‚ T.M Callahan and Guy Johnson as a ‘cash only’ store‚ refusing to take mining script or extend credit. Investing his entire savings of $500‚ Penney had to borrow $1‚500 and was cautioned against his ‘cash only’ policy‚ as other stores in mining towns had been failing. The store was a success in spite of bankers warnings earning $28‚898 in sales
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Finished Goods Inventory- how much needed Credit Policy-restrictions Cash collection- how fast do you collect See exhibit 14.2 on page 86 Cash Conversion Cycle 1.) Operating cycle= days sales in inventory+ Days Sales Outstanding =(Inv/(COGS/365))+(AR/(Credit 2.) Ideally purchases would be used in place of CGS in the DPO calculation What does the operating cycle tell us? How long your cash is tied up in your goods. From inventory to sales. Cash Conversion cycles Having trade credit
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Submitted in fulfillment of assignment 1 of Financial and Management Accounting course Telecity Group plc Background Founded in 1998 with the establishing of the first data centre in Manchester‚ Telecity Group plc is operating a carrier-neutral data centre in Europe to support digital economy. It is a combination of TeleCity Limited‚ Redbus Interhouse Limited and Globix Holdings (UK) Limited. As a leading provider of data centre services‚ Telecity Group plc is listed in London Stock Exchange
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COMMUNITY BASED LIVELIHOODS RECOVERY PROGRAM (CBLRP) FOR EARTHQUAKE AFFECTED AREAS OF AZAD JAMMU AND KASHMIR AND NWFP CBLRP-UNIDO INVESTMENT OPPORTUNITY PROFILE FOR 3 STAR HOTEL IN NWFP SEPTEMBER 2007 SUBMITTED TO AYESHA KHAN CHIEF TECHNICAL ADVISOR Community Based Livelihood Recovery Program (CBLRP) United National industrial Development Organization (UNIDO) BY Sardar Shahid Farid Chartered Accountant Disclaimer All material included in this document is based on data/information
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NetFlix.com‚ Inc. Case Study Ron Golan Andy Shin Kevin You March 25‚ 2008 BMGT 440 – Professor David Kass Company Background & The Issue At Hand NetFlix.com‚ the world’s largest online DVD rental company‚ was founded by Reed Hastings and Marc Randolph in 1997‚ and is headquartered in Los Gatos‚ California. The company started its online DVD rental business by launching Netflix.com‚ offering pay-perDVD rental services by delivering DVDs via mail. As the company prospered during late
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Inventory = Average Inventory/ (Cost of Sales /365 days) 2011 1) 1 846 470 000/ [(510 068 000 + 442 409 000)/2] = 3.88 2) [(510 068 000 + 442 409 000)/2]/ ( 1 846 470 000/ 365 days) = 94.1 days 2010 1) 1 778 938 000/ [(399 866 000 +510 068 000)/2] = 3.91 2) [(399 866 000 +510 068 000)/2] / (1 778 938 000/ 365 days) = 93.4 days 2009 1) 1 634 570 000/ [(509 467 000 + 399 866 000)/2] = 3.60 2) [(509 467 000 + 399 866 000)/2]/ (1 634 570 000/ 365 days) = 101.4 days c) In terms of the
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Cost of bonds (Rd) (1-.26)(2.503%) = 1.85% cost of bonds/ debt Does the company have any preferred stock? If so‚ calculate Rps Intel does not have any preferred stock. Estimate the cost of common stock Rs using CAPM (aka‚ the required return) http://finance.yahoo.com/bonds dividend and yield=4.20%(on yahoo finance summary for intel page) CAPM Rs=Rf+Beta(E(RM)-Rf) 10 year Treasury bond rate Rf= 1.81% Beta =0.98 10 year (2003-2013) arithmetic average of S&P500 = 5.69% MRP= 6.675 –
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PROBLEM SOLVING QUESTIONS (4 points per question) 1. Below are the 2007 and 2008 year-end balance sheets for Tran Enterprises: Assets: 2008 2007 Cash $ 200‚000 $ 170‚000 Accounts receivable 864‚000 700‚000 Inventories 2‚000‚000 1‚400‚000 Total current assets $3‚064‚000 $2‚270‚000 Net fixed assets 6‚000‚000 5‚600‚000 Total assets $9‚064‚000 $7‚870‚000 Liabilities and equity: Accounts payable $1‚400‚000 $1‚090‚000 Notes payable 1‚600‚000 1‚800‚000 Total current liabilities
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