Tutorial Applicable to Week 2 CH2 Q2) What are the critical drivers of industry profitability? 1. Rivalry among existing firms The greater the degree of competition of firms in an industry‚ the lower their average. Existing firm rivalry is influenced by: industry growth rate‚ concentration and balance of competitors‚ degree of differentiation and switching costs‚ scale/learning economies (if your working at maximum productivity you can bring costs down) and the ratio of fixed to variable
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completing a financial statement analysis of a publicly traded company and I have chosen to use Wal-Mart. I chose Wal-Mart because it is the only major company that is in my home town. There are a few small hardware stores but nothing as big as Wal-Mart. I also happen to enjoy going to Wal-Mart to do my food shopping and to get everyday household supplies. There is so much to learn about the financial aspects of a business through accounting. It is important to understand financial reports and how
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Towards the end of World War II in the European theater the Allies were pushing into Germany. The Third Army under the guidance of General Patton had made significant advances. General Patton was being glorified by the press for his successes commanding the US Third Army. His favorite armor division‚ the 4th Armored Division‚ had blazed at amazing speed into Germany and was known as “The Point.” Their advance had earned them a Presidential Distinguished Unit Citation1. General Patton’s confidence
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THE HART-FULLER DEBATE It is important to consider‚ howbeit briefly‚ the academic exchanges between the proponents of legal positivism as represented by H.L.A. Hart and those of the natural law school represented by Lon Fuller. The gravamen of such academic discourse‚ usually tagged Hart-Fuller debate is to be found in the Harvard Law Review 1958. Curzon identifies the background of the debate as the atrocities committed by Germany during the 2nd World War. Under the National-Socialist regime
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General George S. Patton referred to by many historians as the “Forgotten General” didn’t see much action in almost the entirety of his military career. In fact he did not have the opportunity to show his genius in military warfare until World War II. It wasn’t until the end of 1942 thru 1945 that General Patton had finally proved to the world the genius he was in tactical warfare‚ and many compared him to Hitler because of his talk of never giving up an inch of land‚ his contempt for civilian authority
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Chapter 1 An Overview of Financial Management and The Financial Environment ANSWERS TO END-OF-CHAPTER QUESTIONS 1-1 a. A proprietorship‚ or sole proprietorship‚ is a business owned by one individual. A partnership exists when two or more persons associate to conduct a business. In contrast‚ a corporation is a legal entity created by a state. The corporation is separate and distinct from its owners and managers. b. In a limited partnership‚ limited partners’ liabilities‚ investment returns and control
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1885 in San Gabriel‚ California‚ George Smith Patton‚ Jr. was born. His parents were George S. Patton‚ Sr. and Ruth Patton. Since Patton was born‚ he always wanted to be in the army and became a war hero because he was a descendent of Brigadier General Hugh Mercer‚ and he had several other relatives who fought in the American Revolution‚ Civil War‚ and Mexican War. Also‚ Patton had met former Confederate raider John S. Mosby. To became a war hero‚ Patton decided to attend Virginia Military Institute
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Financial Statement Relationship Accounting and financial statements are the language of business. Financial statements provide information to help users such as managers and investors analyze accounting data to help make decisions‚ manage risk‚ and predict future outcomes. This week’s paper Team B will discuss how the statement interact with one another‚ how changing one affects other statements‚ and the importance to understand the relationship between the statements. Financial statements
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Financial Statements Paper Your Name Principles of Accounting – ACC/280 Date Instructor Name Financial Statements Paper The purpose of accounting is to provide a means of reporting‚ recording‚ summarizing‚ and interpreting economic data within an organization. Accounting is used by everyone in one form or another. Everyone should have a basic understanding of accounting as it could be extremely beneficial to everyone. Within every company there should be an accounting department
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COMMON-SIZE FINANCIAL STATEMENT ANALYSIS When all the items of a financial statement are expressed on a common basis‚ it is known as a common-size financial statement. Common-sizing of balance sheet is done generally by expressing its all items as a percentage of its total assets or total equities. Similarly‚ income statement is common-sized when its all items are expressed as percentage of total sales. PROCEDURE OF COMMON SIZING In preparing common-size income statement‚ the following procedure
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