Section 1: IBM is a public company which operates in the industries of computer hardware‚ software and IT services. It is a large American multination corporation with headquarters in Armonk‚ NY. The IBM Corporation grew out of a merger between three companies and created a long history of innovation. On June 16‚ 1911 Charles Ranlett Flint forms the Computing-TabulatingRecording Company as a merger between the Tabulating Machine Company‚ the International Time Recording Company and the Computing
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Our office had received a request from Andre‚ owner of Andre ’s Styling Saloon to perform an evaluation on his business. Andre has five barbers that work in the establishment and each employee received a salary of $9.90 per hour and works a 40-hour week and a 50-week year‚ regardless of the number of haircuts. As rent and other fixed expenses he expends $1‚750 every month‚ plus $ 0.40 as the cost of hair shampoo used on all his clients. This saloon is performing haircuts exclusively and each client
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Total Revenues 35‚200 27‚500 21‚200 Total Assets 23‚000 19‚500 15‚700 Accounts Receivable‚ Net 5‚900 4‚300 3‚900 Bad Debt Expense 175 135 105 Accounts Receivable Written Off 165 125 100 Required 1. Calculate the following ratios for 20x9‚ 20x8 and 20x7: a. Sales to total assets b. Sales to production c. Revenue per unit sold d. Accounts receivable growth to sales growth e. Uncollectable accounts expense to net credit sales f. Uncollectable accounts expense to accounts receivable written off
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Relative Size in the Industry IBM is part of the technology sectors in the diversified computer systems industry (IBM: Summary for International Business Machines- Yahoo! Finance). The market cap is 254 billion with IBM making up 218.6 billion. IBM is the largest company relative to the diversified computer systems industry. In a less specific industry of computers IBM only trails Microsoft Corporation by 12 billion dollars ("International Business Machines Corp."). Because of IBM’s large size
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Practical Accounting 1 Cash and Receivables -1. Assume the following facts for Kurt Company: the month-end bank statement shows a balance of P40‚000: outstanding checks totaled P2‚000; a deposit of P8‚000 is in transit at month-end; and a check for Pf400 was erroneously charged against the account by the bank. What is the correct cash balance at the end of the month? a. P33‚600 c. P45‚600 b. P34‚400 d. P46‚400 2. The August 31 bank statement of K‚ Inc. showed a balance of P113‚000. Deduction in
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One of the largest factors contributing to this growth was the vast spike in Gross Domestic Product‚ or GDP‚ which is the total value of goods produced and services provided in a country during one year. In 1945‚ the United States’ Gross Domestic Product was $228 billion. Less than thirty years later‚ in 1974‚ the Gross Domestic Product had increased to $1.5 trillion in the United States‚ an increase of almost $1.3 trillion. After this immense growth‚ the United States economy represented around 35%
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Marketing strategies of IBM Marketing Strategies of IBM Introduction This study aims at examining the use of theoretical marketing approaches in the practical business scenario. In this domain the marketing strategy of IBM has been considered on empirical grounds. It is by the use of marketing theory and concepts that the study evaluates the marketing strategies of IBM and its role in fulfilling the firm ’ overall goals and objectives. Four specific aspects of marketing strategy evaluation are assessed
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Competitive Position of IT Company: International Business Machines (IBM) Case Study I. Introduction: The Company that has been chosen for this case study is International Business Machines abbreviated IBM. This company was founded by Herman Hollerith in 1896 as the Tabulating Machine Company. It was later incorporated as the Computing Tabulating and Recording Corporation on June 16 1911. The Company was listed in the New York Stock Exchange in 1916 and one year later the Canadian and South
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TEST OF CONTROLS – REVENUE TRANSACTIONS |Audit Objective |Audit procedure |Findings | |General | | | |Validity |Observe
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As we have already hit the mental and physical aspects of the people. Now we walked into how they messed up the economy by their plan called “Buying on Margin.” Buying on margin was the engine for the stock market in the 1920’s. It helped fuel people to start investing and purchasing stocks. People felt this was some sort of cheat code to help solve their financial problems. To them it was like‚ figuring out how to time travel and erase World War I. It was known as a “Buy now‚ Pay later” concept
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