SEGMENT REPORTING Many U.S. companies operate in several different industries or in different geographic area. When this occurs‚ the difficulties related to financial statement analysis are compounded. Investors who must evaluate the relative strengths and weaknesses of stock of a diversified company have a difficult task when analyzing such companies which report only the aggregate of their operations. Industry segments and geographic areas of operations can have different levels of
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Valuing Walmart Author: Austin Bogus Jarrod Fenstermacher Remi Omisore For Review: Professor Gurdip S. Bakshi “We‚ the aforementioned team‚ pledge on our honor that we have not given or received any unauthorized assistance on this assignment.” - University of Maryland Honor Pledge September 24‚ 2012 Case Three 3.1 Question One As of February 2010‚ what is your assessment of the worth of Walmarts stock? Utilize all of the methods discussed in the case to value the shares‚ including
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imports from Europe that impacted the America’s were livestock‚ pigs‚ horses and many plants. Horses enabled Europeans to explore larger areas of land in a shorter time than it would have taken them on foot. Natives didn’t have this type of transportation‚ so they were limited in their ability to conquer vast amounts of land of quickly as the Spanish explorers. The introduction of cattle created a cheap and growing food supply of meat to new settlers from Europe. Cattle thrived in the new world‚ satisfying
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History Sam Walton founded Walmart in 1962. He was a businessman who started working in retail in 1940 at a J.C. Penney store in Des Moines‚ Iowa. In 1945‚ he ran a retail store in Newport‚ Arkansas‚ part of a chain of variety stores named Ben Franklin. Instead of renewing his lease‚ however‚ he decided to open a new Ben Franklin franchise in Bentonville‚ Arkansas and called it “Walton’s Five and Dime.” He succeeded by selling at a discount. Walmart’s purpose best exemplifies what the company still stands
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Assignment # 1 1. What is chart of accounts? Chart of accounts (COA) is a list of the accounts used by an organization. The list can be numerical‚ alphabetic‚ or alpha-numeric. The structure and headings of accounts should assist in consistent posting of transactions. Each nominal ledger account is unique to allow its ledger to be located. The list is typically arranged in the order of the customary appearance of accounts in the financial statements‚ profit and loss accounts followed by balance
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In the past 10 years‚ Wal-Mart has grown tremendously to become the largest retailer in the world. Being America’s largest employer and the most successful company‚ Wal-Mart’s influence is unparalleled. Wal-Mart isn’t just the largest retailer in the world‚ over the past several years it has popped in and out of the top spot on the Fortune 500 list—meaning that the firm has had revenues greater than any firm in the United States. Wal-Mart is so big that in three months it sells more than a whole
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Discuss the effect of the Statement of Principles for Financial Reporting on current UK financial reporting practice. The ASC was set up in the 1970’s‚ where at the time there was no clear statement of accounting principles‚ accept that the accounts should be prudent; consistent; follow the accrual accounting procedures and be based on the assumption that the entity would remain a going concern. Up until 1990 standards were set by the ASC; a body made up of six professional accounting bodies
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the influence missionaries had on culture‚ Missionaries had a positive impact on culture. They were able to teach the children because they had higher education. They also traveled to many different places to teach their religion. They were able to have a higher education from the church. The missionaries we’re able to influence peasants because they were educated. The state would give money for the religious activities. Many missionaries would dedicate their lives to the church‚ they would study
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estimated 10 to 15 million Africans were transported to the European colonies in the Americas. Of these‚ over 3.5 million were taken to Brazil. Brazil was the biggest importer of slaves and took in an even greater amount than the United States. What influence did these 3.5 million Africans have on Brazil? The international slave trade that took place from 1538-1888 changed Brazil’s culture profoundly. Many Of Brazil’s cultural identities derive from African descent such as some cuisines and musical rhythms
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as head of Australia’s leading supermarket chain‚ Woolworth’s Supermarket Division‚ he was set to work as a senior vice president at Wal-Mart International‚ the fastest growing division of the world’s largest retailer‚ Wal-Mart Corporation. However‚ what exactly he would be doing was still open to discussion. It was not until the sudden and somewhat mysterious departure of Mr Ed Chan‚ the president of Wal-Mart China‚ that Foran’s new role suddenly emerged. That Australian summer‚ far from the approaching
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