DRAFT of August 1991. For the final version see Decision Support Systems‚ December 1992‚ pp 365-386. RECENT APPLICATIONS OF ECONOMIC THEORY IN INFORMATION TECHNOLOGY RESEARCH J. Yannis Bakos University of California‚ Irvine Chris F. Kemerer Massachusetts Institute of Technology August 1991 This is a draft version of the article that appeared in Decision Support Systems‚ December 1992‚ pp 365-386. Helpful comments on earlier drafts of this article were received from C. Beath‚ E.
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Review of Financial Statements and Ratios I. Basic Financial Statements A. Income Statement - summary of firm’s accounting revenues‚ expenses‚ and profits over some time period Ex. => see Consolidated Statements of Income for Dell Inc. from the 10-k filed with SEC for fiscal 2005 B. Balance Sheet - summary of accounting values of a firm’s assets and claims against those assets Ex. => see Consolidated Statements of Financial Position for Dell Inc. from the 10-k for fiscal 2005
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A. What is an account receivable? What other names does it go by? Accounts receivable are amounts owed by customers on account. They result from the sale of goods and services on credit. These receivables are generally expected to be collected within 30 to 60 days. They are typically the most significant type of claim held by a company. Accounts receivable and notes receivable resulting from sales are also known as trade receivables. Accounts receivable resulting from sales are referred to
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“Blowback” By: Chalmers Johnson “[The Unites States] Our government has never been honest” (Johnson 365). What a strong statement Chalmers Johnson stated in his article‚ “Blowback”. “Blowback” in his words is defined as a CIA term meaning the over throw of Mohammad Mossedegh of Iran (366). The author uses this metaphor to help explain how the unintended consequences of the United States government has not only been kept secret from the people but is continuality being taken out on average every
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Analysis for Lone Pine Café The Lone Pine Café case involves a partnership of three people who initially invested $16‚000 cash each in the venture. The first transaction resulted in a one year lease being signed for $1‚500 per month or $18‚000 per annum. The owners occupied quarters above the Café. No rental amount was assigned to this apace. The owners then borrowed $21‚000 from a local bank and then utilized $35‚000 of the initial capital invested in the firm to purchase $53‚200 of
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Table of Contents Informative Analysis 3 Front Matter 3 General Market Characteristics 3 Site Evaluations 3 Supply and Demand Information 3 Supply and Demand Analysis Step 1: Calculate the Most Recent 12-Month Average Daily Seat Turnover‚ Average Daily Check and Average Daily Seats Demand of the Most Competitive Restaurants 4 Step 2: Composite Growth Rate of Demand from the Various Markets 4 Step 3: Future Seats Demand Year by Year
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generate revenues. Inventory Turnover= COGS/ Average inventory 1‚428‚730/ 18‚660= 76.57 Indicate a shortage or inadequate inventory levels‚ which may lead to a loss in business. Average days to sell the inventory= 365 days/ inventory turnover ratio 365/ 76.57= 4.8 Measure of the number of times inventory is sold or used in a time period (a year). A low turnover rate might point to overstocking‚ obsolescence‚ or deficiencies in the product line or marketing effort. On the other
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APPLE’S FINANCIAL ANALYSIS FOR THE YEAR ENDED September 27‚ 2008 Income Statement: a) Apple Inc uses multi-step income statement format. It organizes its operating section by using functional expense classification. b)There are no unusual items presented in Apple’s income statement. Also the company did not discontinue any of its operations‚ neither had any changes in accounting principles. The net income for 2008‚ 2007‚ and 200 is $4‚834‚ $3‚496‚ and $1‚989 respectively. The net income
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Working with Working Capital Management Multi-Line Industry Conglomerates Family Firms In GCC Countries Abstract: An efficient Working Capital Management (WCM) has a significant effect toward the creation of a firm’s value. It is a fact that financial managers in the firms used to give concentration on managing long-term financial decisions‚ specially capital structure‚ investment decisions‚ company valuation & dividends decisions. Only little attention was given to managing the short-term
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Financial Management and Control Kingspan Assignment 6th December 2012 Contents Introduction 4 1. Profitability Ratios 4 1.1 Gross Profit Ratio 4 1.2 Net Profit Ratio 4 1.3 Return on Capital Employed (ROCE) 4 2. Liquidity Ratios 5 2.1 Current Ratio 5 2.2 Quick Ratio/Acid Test Ratio 5 3. Efficiency Ratios 6 3.1 Debtors Days 6 3.2 Creditors Days 6 3.3 Inventory Turnover Days 6 4. Gearing Ratios 7 4.1 Gearing Ratio 7 4.2 Debt to Equity Ratio 7 4.3 Interest Cover
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