Client Understanding Destiny Perrin ACC/542 August 13‚ 2012 Mark Taylor It is our understanding that there are a few questions why further information is needed after the review of the data submitted. As part of our mission statement we ensure that all our clients’ financial data follows appropriate guidelines to ensure wellness of your company as well as investors. The first issue to be addressed is the decision to switch to lower of cost or market value method (LCM). It is understood
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Statement Review What is the net income for the current fiscal year? Is it up or down from the prior year? Why would this information be important to investors? The total consolidated net income for Fiscal Year 2015 is $17‚099 million dollars. This is amount is up from the previous Fiscal Year (2014) which had a consolidated net income of $16‚695 million dollars. This information can be found on page 38 of the Walmart 2015 Annual Report. This information would be of importance to investors because
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acquisition price of $186‚216 (in thousands)‚therefore Active Gear Inc. should proceed with the acquisition of Mercury’s operation. Free Cash Flow The free cash flow from Mercury’s business operations was determined using the base case for the consolidated operating income‚ expenses‚ tax rate and depreciation to determine the net operating profits after tax (NOPAT) for the years 2007-2011. Free cash flow was then calculated using the formula (FCF= NOPAT + Depreciation-∆ Net Working Capital -∆Fixed
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CONSOLIDATION Lets Recap: To prepare consolidated accounts‚ we have to make sure that: 1. Balance date of Parent and Subsidiary are the same – if not‚ we adjust the subsidiary. 2. Accounting policies of Parent and Subsidiary are the same – if not‚ we adjust the subsidiary. So we will prepare journals for our consolidation worksheet. We are not changing the accounts in the books of the Parent‚ or the books of the Subsidiary. We are coming up with a completely separate set of accounts that is put together
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2005 annual report table of contents Letter From the Chairman Letter to Shareholders Gap Banana Republic Old Navy Forth & Towne Gap Inc. Direct Social Responsibility Financial Highlights Key Financial Statistics Gap Inc. Financials 1 2 6 7 8 9 10 11 12 13 14 letter from the chairman Fiscal 2005 was a year of progress as well as challenges. During a year where we had disappointing top line results‚ we still delivered solid earnings and focused on creating value for our shareholders by repurchasing
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All of the items included under Pet Smart’s current assets are indeed listed in the proper order. The order of current assets is as follows; Cash‚ Trading Assets‚ Cash Equivalents. Short-Term Investments‚ Accounts Receivable‚ Loan Receivable‚ Inventory‚ Deferred Taxes‚ Pre-Paid Taxes‚ and other current assets according to Www.fool.com‚ (2000)‚ Phil Weiss. It is very important to know and realize what your current assets look like. What happens if you do not make enough for that month‚ how would you
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Report of Coca-Cola Amatil Ltd (CCA) described the company as an ‘international beverage company and the most geographically diverse bottler of Coca-Cola trademarked products in the world’. Included in the total of non-current liabilities in the consolidated balance sheet as at 31 December 1993 were ‘unsecured notes - commercial paper’ of $325 million. Note 21 to the accounts described the treatment of these notes as follows: The unsecured notes are short-term by their nature‚ however they are matched
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BOSTON CHICKEN‚ INC* At the end of 1996‚ Boston Chicken was one of the hottest names on Wall Street. Operating in the highly competitive restaurant industry‚ the chain had grown from 18 stores in 1991 to over 1‚000 stores in 1996 and in its short history had raised over $1 billion in public offerings. EPS had grown from just $0.06 in 1993 to $1.01 in 1996‚ representing an annual growth rate of well over 100%. At the end of 1996‚ Boston Chicken traded around $40‚ representing a price-earnings multiple
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Press Release - 2010/10 - "With its users making 6.4 billion minutes of calls to landlines and mobiles in the first half of 2010‚ Skype is a leading global Internet communications company. And of course‚ Skype-to-Skype voice and video calls are completely free. In the first half of 2010‚ Skype users made 88.4 billion minutes of Skype-to-Skype calls‚ and approximately 40% of these were video calls." "We had 124 million average monthly connected users for the three months ended June 30‚ 2010 and our
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2.4 Main Controlled Entities (as at June 2012) The consolidated financial statements incorporate the assets‚ liabilities and results of the following subsidiaries in accordance with the accounting policy described in note 1(c): Name of entity Country of incorporation Class of shares Equity holding 2012 2011 % % Parent entity JB Hi-Fi Limited (i) Subsidiaries JB Hi-Fi Group Pty Ltd (ii) Australia Ordinary 100 100 JB Hi-Fi (A) Pty Ltd (ii) Australia Ordinary 100 100
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