Corporation and the use of “Off-Balance Sheet” Financing Starbucks Corporation‚ founded in 1985 in Seattle‚ Washington‚ purchases‚ roasts and sells whole bean coffees at retail locations worldwide. Starbuck’s in-store products include brewed coffees‚ espresso beverages‚ blended beverages‚ complimentary food items‚ teas and brewing equipment. At the end of 2009‚ Starbucks operated through 7‚ 803 retail locations in 49 countries (Annual Report 4). In recent years‚ Starbucks’s stock has risen to
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ZARA Income Statement Period Ending: 2012 31/12 2011 31/12 2010 31/12 2009 31/12 Total Revenue 82.98 78.19 89.69 76.7 Revenue 82.98 78.19 89.69 76.7 Other Revenue‚ Total - - - - Cost of Revenue‚ Total 60.29 56.72 59.02 52 Gross Profit 22.69 21.47 30.67 24.7 Total Operating Expenses 77.61 73.35 74.12 63.51 Selling/General/Admin. Expenses‚ Total 3.69 3.24 3.96 3.56 Research & Development - - - - Depreciation / Amortization 13.63 13.38 11.14 7
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questions. 1. On november 1‚ 2009 Broom company received a bank statement that showed a $2‚950 balance. Broom showed a $4‚010 checking account balance. The bank did not return the check No. 124 for $1‚080 and check No 138 for $720. A $3‚200 deposit made on October 30 was in transit. The bank charged Broom $12 for check printing and $18 for an NSF check. Broom forgot to record a $30 withdrawal at the ATM. The bank also collected a $400 note for Broom. Prepare a bank reconciliation. 2. Erasers costs
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Journal entry 1-Culture: The Cultural aspect of One Hundred Years of Solitude by Gabriel Garcia Marquez that I found that the Gypsy culture had a great affect on the plot of the story. When the gypsies came into Macondo and brought and shared their findings it changed the perspectives of the people in Macondo. The person who got most influenced by the gypsies was Jose Arcadio Buendia‚ he was mostly influenced by Melquiades‚ Jose Arcadio Buendia was so amazed of what Melquiades would bring everytime
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Instructions: Go to the CanGo intranet found in the Report Guide tab under Course Home Use the financial statements from the most recent year to fill in the table below. You may find some formulae calling for an average‚ e.g.‚ average inventory‚ average receivables. Because we only have the Balance sheet for one year‚ you can only use the one year number not an average. Assume interest expense is $0.00 Be sure to cite your references Green boxes
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Profit and loss accounts and balance sheet By law companies are expected to produce financial statements each year. These statements appear in Company Reports. There are two main financial statements: 1. The profit and loss account‚ and 2. The balance sheet. 1.The profit and loss (P&L) account. This account can be updated regularly and shows how much profit or loss a business is making. A profit can be made in several ways‚ for example: * from trading‚ in the case of a High Street shop
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When should the milestone payments received to date by SolvGen be recognized as revenue? A: FASB codification (605-28) milestone method SolvGen Inc. is gonging to use the milestone method to recognize the revenue. The milestone method is a recently issued method of recognizing revenue for research and development arrangements under which consideration to be received by the vendor is contingent upon the achievement of certain milestones(FASB codification (605-28) milestone method). Under
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contains letters of the CEO and chairman generally talking about the present performance and future of the company while on the other hand Publicly traded companies have a large roster of reporting and regulatory obligations to fulfill. Corporations must report to their shareholders‚ and also to financial regulatory authorities that collect data for the public record. Each publicly traded company must file an annual report‚ and also a report known as a 10-K. Although these have similarities‚ they also
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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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EXERCISE 1: RATIO ANALYSIS The balance sheet of Blugreens‚ a leading drugstore chain‚ as of August 31‚ 2009‚ appears as follows (dollars in millions): ASSETS LIABILITIES and STOCHOLDERS’ EQUITY Cash $ 450 Accounts payable $ 1‚836 Accounts Receivable 955
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