Running head: FINANCIAL STATEMENT ANALYSIS PAPER Financial Statement Analysis Paper Principles of Accounting ACC/300 Mr. John Opincar June 24‚ 2009 Abstract Landry’s has become a successful company over the years because the customers enjoy the specialty items that they serve on their menu. It has become a company that we enjoy taking our families out to dinner‚ celebrating birthday parties and certain special events. However‚ this paper will complete the financial analysis for the reported
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Heineken In 1864 Gerard Adriaan Heineken (he was 22 years old) bought a brewery in the centre of Amsterdam‚ and this is the starting point of the History of Heineken‚ that is now one of the most famous beer in the world. Since the first years we can see in Heineken’s history the wish to increase its market and to spread its activity in foreign countries (right now it sells beer in over 170 countries). The company’s philosophy was to get a high quality product with low price‚ and with this key
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Bullying: What Can You Do? Bullying in America used to be a rite of passage for kids of all ages‚ something that everyone went through‚ and survived‚ coming out none the worse in the end. I remember going through it. It wasn’t easy‚ and I had to endure quite a bit of it because of what I looked like‚ even as a seemingly regular kid. But I survived‚ nonetheless‚ and came out better for it‚ more empathetic‚ and more sensitive to the needs of those around me who may not have been able to find
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expertise of members from various functions in the organization. A. working B. cross-functional C. self-managed D. problem-solving 7. All of the following are assets except A. inventory. B. cash. C. patents. D. bank loans. 8. If you ’re developing a human resource inventory‚ you should exclude which of the following? A. Names B. Education C. Capabilities D. Perpetual inventory 9. The rate the Fed charges member banks for short-term loans is called the A. margin rate. B. federal funds rate. C. discount
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Executive Summary GAAP‚ generally accepted accounting principles‚ are the rules for preparing the financial statements. There are specialized professionals FASB‚ SEC‚ AAA‚ FEI‚ IMA‚ AIMR and others for developing GAAP. There are 13 principles for preparing Financial Statement. Business Entity Principle requires business to be separated from owner of the business. Going Concern principles requires the business to assume that the business will for long time. Revenue Recognition Principle considers
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Class Discussion 1. Dartmouth Inc’s latest net income was $1‚250‚000‚ and it had 225‚000 shares outstanding. The company wants to pay out 45% of its income. What dividend per share should it declare? 2. Garcia Industries has sales of $200‚000 and accounts receivable of $18‚500‚ and it gives its customers 25 days to pay. The industry average DSO is 27 days‚ based on a 365-day year. If the company changes its credit and collection policy sufficiently to cause its DSO to fall to the
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Krispy Natural Problem Identification 1. Marne’s high expectations are not realistic- wants to double projections a. Test market results for the southeast regions do not indicate an impressive gain in the market (i.e. market share increased from 9% to 10% when it was expected to reach 15%‚ display activity was below what the team expected) b. The good results in Columbia were due to sampling‚ significant price discounts and couponing- can’t keep this 2. Test market results for the southeast regions
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necessary? Surely they cause too much delay in preparing financial statements‚ and the financial effect of any entries made is immaterial in the long run.’ Respond to this criticism. ii. The owner of a business reviews the income statement prepared by you and asks‚ “Why do you report a profit of only $30 000 when cash collections of $100 000 were received and cash payments for the period totalled only $50 000 for expenses?” How would you respond to the owner’s question? iii. On 31 March‚ Padbury
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not a reason for economic income and accounting income to differ? A. Transaction basis B. The monetary assumption C. Conservatism D. Earnings management 2. As a general rule‚ revenue is normally recognized when it is: A. measurable and earned. B. measurable and received. C. realizable and earned. D. realizable. 3. Which of the following measures of accounting income is typically reported in an income statement? A. Net income B. Comprehensive income C. Continuing income D. All of the above 4
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Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a company’s financial statements to make better economic decisions. These statements include the income statement‚ balance sheet‚ statement of cash flows‚ and a statement of retained earnings. Horizontal analysis (also known as trend analysis) is a financial statement analysis technique that shows changes in the amounts of corresponding financial statement items over a period of time. It is a useful tool
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