Company Case #2: Valero ***Note that all of the amounts stated are in millions of dollars‚ unless specified) 1. For noncurrent (long-term) liabilities‚ what categories of long-term liabilities does the company disclose on the balance sheet and what are their amounts for the most recent year? The company discloses long-term liabilities on the balance sheet as: 2011 Debt and capital lease obligations (less current portion) $6‚732 Deferred income taxes: $5‚017 Other long-term liabilities
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Problem Case 3-1 Maynard Company (B) Diane Maynard was grateful for the balance sheets that her friend prepared. In going over the numbers‚ she remarked‚ “It’s sort of surprising that cash increased by $31‚667‚ but net income was only $19‚635. Why was that?” Her friend replied‚ “A partial answer to that questionis to look at an income statement for June. I think I can find the data I need to prepare on for you.” In addition to the data given in the (A) case‚ her friend
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Kyle Maynard is a former high school wrestler from Georgia. Kyle struggled early in his career‚ his first season failing to even win a single match. By the time that Kyle graduated from high school he was a dominant force in the 103 pound weight division. The reason that Kyle’s story is so interesting is that he was born with deformed arms and legs. His arms ending in nubs just above the elbow‚ and his legs ending with deformed feet above a non-existent knee. Kyle has had to overcome adversity
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Chapter 1 Case: Converse Converse‚ a brand of basketball shoes that became familiar with success from the start but dropped into bankruptcy in the early 2000’s‚ is now slowly climbing its way back to the top. Since 1908 when Converse was founded it was very popular among many athletes‚ artist‚ musicians‚ and designers. Converse was well known for its original canvas high top All Star or Chuck Taylor. In the 1970’s several companies started producing this “high-top” shoe‚ which caused Converse’s
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Group 3 Case 2 Piedmont Trailer Manufacturing Company Plan Tasks In charge 1. Prepare team plan A. Read case B. Write plan C. Find and post YouTube videos associated with the Excel case Dewey 2. Answer questions within the text of the case A. Create a workbook with at least 5 different worksheets: Documentation‚ One-Time Cost‚ Recurring Cost‚ Tangible Benefit‚ and Economic Feasibility Summary. B. After creating the five different worksheets‚ re-name them to match the chart name that is on
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Case 1-2 Ackoff’s Management Misinformation Systems This case is adapted from a classic article entitled “Management Misinformation Systems.” It was written by Russell L. Ackoff and appeared in Management Sciences. In the article‚ Ackoff identified five common assumptions about information systems and then explained why he disagreed with them. REQUIRED: Read the five assumptions‚ contentions‚ and Ackoff’s explanation. For each of the five‚ decide if you agree or disagree with Ackoff’s
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Case 2 Chem-Med Company 1. Net Sales Growth (all credit)=[(Current Year Net Sales-Last Year Net Sales)/Last Year Net Sales]X100 a. Sales Growth 2007=[(3814-3051)/3051]X100= 25% b. Using the same formula for the remaining years and the data in figure 1 of the pro forma section: 2008=40% c. 2009=40% d. 2010=40% 2. Net Income Growth=[(Current Year Net Income-Last Year Net Income)/Last Year Net Income]X100 e. Net income Growth 2007=[(1150-766)/766]X100=50%
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Explain the difference between a cash basis and accrual basis measure of performance. Why‚ in most cases‚ does accrual basis net income provide a better measure of performance than net operating cash flow? Explain the purpose of adjusting entries as they relate to the difference between cash and accrual accounting. Requirement 1 From the Liberty University on-line library I was able to obtain an article called “Cash vs. Accrual Accounting” (Cantu‚ October 2012). This articles gives examples
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Tiffany and Co Case study Case Agenda Is blue box packing a great strategy? Given that spending in the luxury retail market has demonstrated resilience during and post recessionary times‚ how can Tiffany continue to grow? Will it be able to maintain a prominent brand in future? Company History Timeline 1837: Founded in New York by Charles Lewis Tiffany and John F. Young: The Blue Box introduced 1910-1940’s: 57th street and Fifth Avenue Flagship store 2000: Tiffany and Co. foundation established
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LJB COMPANY | Internal Control | REQUIREMENTS AND REVISIONS | Prepared To: LJB Company’s President Prepared By: Yenny Gutierrez6/03/2013 | TABLE OF CONTENTS Introduction New Internal Control Requirement 4 Establishment of responsibility 4 Segregation of duties 4 Documentation procedures 4 Physical controls 4 Independent internal verification 5 Human Resources controls 5 Reviewing LJB Internal Controls 5 Pre numbered invoices 5 Ink machine
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