Analyzing Pro Forma Statements Bridget Harvey and Keva Paul FIN/571 February 09‚ 2015 Ms. Wendy Thomas Introduction The Home Depot is the world’s largest home improvement retailer. The tagline for The Home Depot is “More savings more doing that’s the power of The Home Depot.” The catchy and recognizable tagline can be heard on nearly every TV and radio station in the United States. The Home Depot realizes that in order to maintain its title as the world’s largest home improvement retailer the
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TRUE-FALSE STATEMENTS 8. Closing entries are not needed if the business plans to continue operating in the future and issue financial statements each year. 9. The dividends account is closed to the Income Summary account in order to properly determine net income (or loss) for the period. 10. After closing entries have been journalized and posted‚ all temporary accounts in the ledger should have zero balances. 11. Closing revenue and expense accounts to the
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Income statement The income statement or the profit and loss account as it is also called measures reports how much profit (wealth) has the business generated over a period of time. To measure profit the total generated revenue over a period must be identified. Revenue is a measure of inflow of economic benefits arising from the operations of the business. These benefits will either result in an increase of assets such as cash or amounts owed to the business by the customers or a decrease
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travel and low fare prices affect revenue if quantity is not met. 2) Does Megabus have any overwhelming resources and capabilities? Yes‚ Megabus is backed by the full strengths of the second largest transport firm in the UK‚ Stagecoach Group‚ which employees 18‚000 people there‚ they are one of the top 250 firms in the UK on the FTSE250. The bus lines also eliminate almost 24‚000 car emissions making the company spend less on fuel cost and decrease in the release of carbon dioxide.
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(1) There were many compounding factors that caused SureCut Shears to be unable to pay its bank loan by March 31‚ 1996. When looking at the pro forma income statement as compared to the actual income statement we see the following inconsistencies‚ which are contributing to SureCut’s financial problems: Anticipated Actual Dollar Loss Contributed Sales 25‚800 22‚987 2‚813 COGS (% to Sls) 70.5% 73.8% 768 Gross Profit (% to Sls) 29.5% 26.2% SG&A Expenses (% to Sls) 9.4% 10.6% 269 Total
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Class Assignment- Dr. Pepper/7 up Inc. Squirt brand Case Introduction and Marketing Issues- Dr Pepper/7Up Inc.‚ is one of the largest soft drinks company in the world. This company has its production in 200 countries. Most popular soft drinks are: Dr Pepper‚ 7 UP‚ RC cola‚ A&W Root Beer‚ Canada dry‚ Hawaiian Punch‚ and Squirt. Squirt‚ is a drink that was invented in the course of an experiment by Herb Bishop in 1938. It was a new carbonated soft drink that required less fruit and
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launched recently in California including allegations against Dr. Pepper/Seven Up‚ Inc. (the popular soft drink company) and The American Bottling Company. Plaintiffs claim that the company misclassified Quality Supervisors as exempt from overtime pay requirements. Allegations also include supposed violations of mandated meal and rest periods as afforded by California labor law. The lead plaintiff in the case against Dr. Pepper/Seven Up‚ Inc. and The American Bottling Company is Ronald Robinson. Allegations
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Pro-Forma and Business Cycle Research Paper FIN/375 ‚ 2014 Pro-Forma and Business Cycle Research Paper This report will compare the pro-forma financial statement of two companies: Bank of America and General Electric also-known as GE. It will describe and summarize the comparison of both organizations and their fiscal stability. It will also detail the typical business cycle of these two companies. Pro-Forma Financial of General Electric and Bank of America General Electric and Bank of America
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For the student’s convenience‚ the following material has been adapted‚ with permission‚ from Walt Disney Company’s Sleeping Beauty Bonds – Duration Analysis‚ Harvard Business School Case 9-294-083‚ Rev. July 13‚ 2000. Copyright © 1994 by the President and Fellows of Harvard College. 1. What are the cash payments associated with the Sleeping Beauties? Who gets how much and when‚ per $100 of bonds issued? 2. What interest rate was used to calculate the price? 3. Next day‚ market yield
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Note: Income Statement Format Hanna 2004-08-03 Income Statement Presentation The objective of studying the format and presentation of the income statement is to gain an understanding of the different ways that certain economic events can be presented. Sometimes‚ the type of presentation depends upon management’s intent regarding the future. Needless to say‚ there is a lot of room for the application of judgment when choosing amongst various acceptable income statement formats. Interpreting
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