An Analysis of the Financial Statements of Apple Intermediate Accounting III INTRODUCTION I chose Apple for my course project mainly based on the fact that they release all their records to the public and they have excellent accounting practices. Their paper work is easy to read and follow and based on their records they have an endless amount of revenue in the billions. As we have discussed about Apple in class I was very intrigued how they looked in the books on a specific level of detail
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Executive Overview Apple has been established for over 30 years since Steve Jobs and Steve Wozniak founded Apple Computer in 1976. During Steven Jobs’s tenure as CEO‚ Apple’s mission was to bring an easy-to-use computer to market. However‚ Apple was not performing as good as Jobs projected‚ so he resigned in 1985. In the following 12 years‚ Apple experienced three different CEO’s and still could not be brought back to life. Under John Sculley‚ Apple worked to drive down costs by switching much
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Apple Board of Directors decided to hand over the reins of Apple Inc. to Timothy Donald Cook better known as Tim Cook‚ then Chief Operating Officer(COO)‚ and make him the new Chief Executive Officer of the company. Jobs resigned from the post of CEO and was chosen to be the Chairman of the Board of Directors. Tim cook was also inducted in to the Board. The decision taken by Jobs was not because of any pressure or due to declining sales or problem with the company but because he was suffering from
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Abstract Would Apple Corporation be a good investment? Apple is a well known company‚ but the decision to invest cannot be made on the popularity of the name. To make a well informed decision one must investigate how the company is run. Questions to answer range from looking at the numbers to where the CEO’s are wanting the company go in the future. Assets Comparing the final asset numbers from September 27‚ 2008 and March 28‚ 2009 it is obvious that the company has more assets. The total
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independent entity. Indeed‚ Apple has outsourced various functions in terms of manufacturing‚ assembly and logistics as its contract manufacturers and outsourcing companies can perform several value-creation functions at a lower cost due to low-cost location and other competitive advantages. We are living in a globalized economy in which overhead and production costs are the single most important financial factor that can determine a product’s success or failure. Apple produces most of its products
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Case 9 Apple: People and Design create the future 1. What examples can you find that illustrate Apple’s core culture and observable culture elements: stories‚ heroes‚ symbols‚ rites and rituals? In the actuality some of the illustrations of Apple’s core culture are A better digital future‚ and Apple computers everywhere‚ the Apple Logo it is all nation recognized‚ apple is controlling people minds‚ and other illustration that I found in my research are motivation(inspiration)‚ innovation‚
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Apple has set the standard and has built a reputation around the world for creative‚ consumer-friendly‚ simple devices that are used around the world. They are marketed in such ways that demand for these gadgets are always in high demand. Apple’s innovations and marketing techniques have changed not only the phones and computers we use but their innovation has challenged people to do business outside of the box. For Apple not only have they gone outside the box‚ but literally outside of the country
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P29 Q1 1. The marketing channel for Mary Kay cosmetics is called a direct selling channel. The company user a sales force of over 1000000 Independent Beauty Consultants around the world. These consultants are not employees of Mary Kay Corporation; they buy cosmetics from the company at a wholesale price and sell to end-users at a retail price. They maintain personal relationships with their end-user consumers and deliver product to them after it is ordered; it is a high-service purchasing relationship
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Q1 Answer: The numbers in the Financial Statement were different under the two methods because under the non-GAAP accounting method apple gave the revenue numbers without the use of subscription accounting‚ which recognized the revenue at the point of sale. Moreover the non-GAAP numbers did not adjust the estimated costs associated with its plan to provide new features and software upgrades to iPhone buyers free of charge and these figures were not prepared under a comprehensive set of rules or principles
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Executive Summary Apple Incorporated is a successful enterprise that develops‚ markets‚ and manufactures many electronic devices. Personal computers‚ media‚ mobile devices and portable music players are all products known across the world within the apple culture as the Mac‚ iPad‚ iPhone‚ and iPod. These names are part of many households‚ businesses and educational divisions in various countries. The decision to invest in such a company goes far beyond the popularity of a product. One must assess
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