Question 1
670 S10 A See attachment for information and questions. No word limit. Problem 1 ? Looking for XBRL info in Two Ways Go to Footlocker. com. Under the Second Quarter 2011 Form 10-Q - filed 09/07/11, select the SEC XBRL Viewer. Under the financial statements, select the Consolidated Balance Sheets. Locate the following information for elements on the statement. a) For the deferred taxes account. Provide the following information from the XBRL tags. You may copy and paste your responses. Element Name Taxonomy Namespace Data Type Balance Period Would the element name or the account label be used to tag the amount of $298 on the financial statement? Show the proper format. b) Looking at the Summary of Significant Accounting Policies (left-hand menu), identify the tags for the following Element Name Taxonomy Namespace Data Type Balance Period c. Here is an excerpt from an XBRL instance document. 152000000 In your own words, explain what this tag is telling us. Problem 2 ? Go to https://xbrlviewer.bowne.com/. ? Select 3M from the left hand menu ? Select Annual Report (2009-12-31) To respond to the following questions, select the appropriate 3M consolidated financial statement and then select Charting. Under Step 1 of charting select all the years available for comparison. In Step 2, select the accounts necessary to respond to the questions. Provide a narrative response, and supply screenshots of the charts you create in the viewer program (see note below) to support your answer. ANSWER THE FOLLOWING QUESTIONS 1. What is the ratio of net income to net sales for the years available for comparison? Has the relationship remained consistent? What might explain any changes in this ratio? 2. Plot interest income and expense for the years available for comparison. Describe if they have fluctuated. Provide several reasons that might explain any changes. 3. For the years available, what are the trends in total assets and total liabilities? Provide several reasons that might explain any changes. 4. For the years available, provide analysis for net cash related to operating activities, investing and financing. How might changes in these accounts relate to the accounts you analyzed above? Note: To create a screenshot, go to the screen that you want to capture, press Ctrl PrtScn. Go to the Word document where you want to insert your screen shot. Hit Ctrl V. Resize the image for the page. Or try JING, which is free capture software located at http://www.techsmith.com/download/jing/ Problem 3 Visit XBRL Vendors and Service Providers or perform a general internet search from XBRL software. Based on your XBRL software review, focus on two packages. Explain their functionality and identify their market users. Share comments and comparisons from your research and explain what might make you test one package over another. Problem 4 You are at a local conference on XBRL and at break another attendee, the CFO of a local mid-size public firm, asks you ?so what will this XBRL actually do for me?? Craft a response that explains the benefits and drawbacks to XBRL, the filing requirements for his firm based on today?s date, and the pros and cons of using a service versus handling XBRL in house.
Question 2
Final Paper Students may choose a final paper topic of their choice, or one from any one of the topics/questions listed below: 1. Discuss how employee training needs to evolve due to immigration and related cultural changes. 2. In what ways has technology impacted the way(s) we train employees? 3. How might employee training differ from one country to another on a global basis? 4. How can managers assist employees with their career development? 5. Discuss the future issues that will impact employee training both negatively and positively. . Each paper will contain the following elements: 1. A discussion of the issue(s) at hand. 2. An explanation of specific rules and regulations relating to the concept (i.e. laws and/or policies). 3. Provide an analysis of the situation (the analysis can include historical information leading to the current situation as the student sees it). What is your response to the content, either positive or negative? Defend your position. If multiple options/alternatives/positions are present and are being rejected you must also defend the reasons for rejecting an option. 4. Draft a conclusion (give your thoughts and opinions about what changes may/should occur on the basis of current conditions and the research you have found). Writing the Final Paper The Final Paper: * Must be eight double-spaced pages in length and formatted according to APA style as outlined in the approved APA style guide. * Must include a cover page that includes: * Student?s name * Course name and number * Title of paper * Instructor?s name * Date submitted * Must include an introductory paragraph with a succinct thesis statement. * Must address the topic of the paper with critical thought. * Must conclude with a restatement of the thesis and a conclusion paragraph. * Must use APA style as outlined in the approved APA style guide to document all sources. * Must include, on the final page, a Reference Page that is completed according to APA style as outlined in the approved APA style guide. From the instructor not following this rule cost me a failing grade. Please be aware of another point; even if you properly credit everything with proper in-text citations and a good reference list, you can still run into problems. When I ask for support in a paper, I am not asking you to give me a ton of quotes or truckloads of paraphrased materials. What I want to see is your work -- your critical thinking and analysis -- supported by research. As a rule, there should never be more than 10-15% of source material in any paper. Using more than that falls into a practice that we in the academic world refer to as "quote dumping".",Rachel, please chose one of the suggested topics for the paper. Thank you
Question 3
Financial Research Report: You are a senior financial analyst employed by the fictitious firm, Unlimited Capital Resources (UCR). UCR is a very large and well-established investment company with unlimited financial resources that is very much looking to make new stock investments. UCR?s management team has identified the following stocks as potential investments: (1) General Mills (Ticker Symbol GIS) (2) Kellogg Co. (Ticker Symbol K) (3) Coca-Cola (Ticker Symbol KO) (4) PepsiCo (Ticker Symbol (PEP) (5) Procter & Gamble (Ticker Symbol (PG) (6) Colgate-Palmolive (Ticker Symbol (CL) The chief financial officer (CFO) of UCR has asked you to conduct a comprehensive financial analysis of one of the companies (your choice) with the objective of providing a specific recommendation about whether UCR should, or should not, make an investment in the stock. Company Overview. Conduct research and describe the company, its operations, locations, markets, and lines of business. Collect financial statements for the past 3 years, fiscal or calendar. Ratio Analysis. Perform trend and ratio analysis on current and fixed assets, current and long term liabilities, owner's equity, sales revenues, EBIT, net income, and earnings per share. Project these trends 3 years in the future. Stock Price Analysis. Research the company's common stock price for the past 5 years. Research the Standard & Poor's Stock Market Index (S&P 500) for the past 5 years. Chart the price movement in the company's common stock against the S&P price movement. State and support your opinion on the company's common stock as an investment today. References. Use at least 5 references and apply APA format to the report.,can you consider this format for my assignment III. YOUR SPECIFIC ASSIGNMENT Your specific assignment is to prepare a report for the CFO of UCR about the financial performance of the company that you select (from the 6 listed above). The report is to cover at least the last three years and is to project performance trends for the next three years. In addition to reviewing the traditional financial and operational performance indicators, you are also to review the company?s stock price performance for the past five years. The report that you are to prepare is to consist of five major parts including a specific and supported recommendation about making an investment in the company: 1. Introduction ? A review of the assignment, research methods and sources, and other information related to the completion of the analysis. The introduction should also include an overview of the sections of the paper that follow. 2. Operations Overview ? Conduct research and describe, briefly, the company, its operations, locations, markets, and lines of business. This section provides an introduction to the operation of the company, its principal activities, and prospects for the future. The principal parts of this analysis must address: a. How does the company make money? (Carefully review the Form 10K report and study the trends in net income and cash flows.) b. How will the company grow in the future? (Study the firm?s plans for the future. Is it likely that the company?s strategic plans will result in increasing sales revenue?) c. What risks or events in the future could hurt the firm?s performance? (What are the worst case scenarios? Each company?s Form 10K report will include a section that examines perceived risks.) d. Who runs the company and how much does the CEO get paid? How is the CEO paid (cash, stock, options, etc.)? Is the pay level appropriate? (This information is contained in the company?s Form 10K report, and the Proxy Statement.) 3. Financial Performance Evaluation ? A critical evaluation of the company?s financial performance for the last three full fiscal years. This analysis must include trend and cross-sectional financial ratio analysis for current and fixed assets, current and long-term liabilities, owners? equity, sales revenues, EBIT, net income, and earnings per share. The analysis also needs to include a projection of the trends for these items for three years. The principal parts of this analysis must include: a. Analysis of financial ratios for past three years and projections for three years. b. Comparison of current financial ratios to industry average ratios. 4. Stock Performance - An evaluation of the company?s comparative stock performance for the past five years (percentage returns to shareholders over the past five years). This should include an examination of stock repurchases and dividends. The analysis should also include a figure (graph or chart) that compares the company?s stock price to the Standard & Poor?s 500 Stock Index (S&P 500) for the past five years. 5. Recommendation - A financial-based recommendation, with supporting data and rationale (reasons), about whether UCR should make an investment in the company with an emphasis on financial considerations (remember, this is a financial report, not a business report). The best way to arrive at a recommendation, and to present the findings, is to critically analyze, compare, and contrast the most compelling reasons to purchase the stock, and the most compelling reasons to avoid the purchase. 5. Summary / Conclusion ? The summary or conclusion should review the major observations, conclusions and recommendations developed in the analysis. No new material should be introduced in this section.,I got d from this assignment!!!! First of all,Costco is not a company that is approved for this assignment.(I assumed that you didnt read the question and fomat that I sent The instructor realized that most of this report is identical to a report submitted by another student. The data in the report are too old to be useful - the financial and stock price data are a couple of years old. I am really not pleased with this kind of submission!!!!!!!!!! I am expecting you to send me another report with respect to data given by me! I also want to remind you that you are supposed to pick a comany among the companies below (1) General Mills (Ticker Symbol GIS) (2) Kellogg Co. (Ticker Symbol K) (3) Coca-Cola (Ticker Symbol KO) (4) PepsiCo (Ticker Symbol (PEP) (5) Procter & Gamble (Ticker Symbol (PG) (6) Colgate-Palmolive (Ticker Symbol (CL)
Question 4
I need just ONE essays from below answered. Please select just one. It is very Introduction to Accounting and not hard at all for someone with your education. Needs to be in an essay form no word limits just correct. 1) Determine the amount to be paid within the discount period for purchase with an invoice price of $7,745, subject to credit terms of 2/10, n/30. Explain how you reached your answer. $ ________ 2) Nicki?s Pet Supply needs to estimate its ending inventory. Using the data below, compute Nicki?s estimated cost of ending inventory for the month of April. Explain how you reached your answer. Beginning inventory April 1 $2,000 Purchases for April $12,000 Retail sales during April $13,000 Normal gross profit average 40% 3) Given the following accounts: [1] Cash [2] Accounts receivable [3] Merchandise inventory [4] Supplies [5] Accounts payable [6] Sales [7] Sales returns and allowances [8] Sales discounts [9] Cost of goods sold [10] Purchases [11] Purchase returns and allowances [12] Purchase discounts [13] Purchase discounts [14] Freight in [15] Freight expense Indicate the account(s) to be debited and credited to record the following transactions. Explain how you reached your answer. Sold merchandise for cash. ? Periodic Debit ______ & ______ Credit ______ & ______
Question 5
You may either enter your answers directly on this exam or if you choose to work some or all of the problems using Excel, you may send an excel attachment with your answers as some of you have been doing with your homework. 1. (20 points) Management of the Krausse Savings and Loan Association is in the process of evaluating the purchase of a new check sorting machine. The model under review will cost $70,000 and will require installation costs of $10,000. Similar machines have a ten-year life, and management has estimated that this sorter will have a residual value of $10,000 at the end of its life. Annual cost savings to be generated by the sorter will average $14,000 over the ten-year period. Management's minimum desired rate of return is 12 percent. Present value multipliers: 8 Percent 12 Percent 14 Percent Present value of $1 at end of ten years .463 .322 .270 Present value of $1 received in each of the next ten years 6.710 5.650 5.216 a. Using before-tax information and the net present value method to evaluate this capital investment, determine whether the company should purchase the check sorting machine. Support your answer. b. If management had decided on a minimum desired before-tax rate of return of 14 percent, should the check sorting machine be purchased? Show all computations to support your answer. 2. (30 points) Lispell Co. manufactures in-line skates that sell for $128 a pair. The company is currently operating at capacity, 2,000 pairs. A special order from a foreign distributor for 400 pairs of skates at $120 a pair has just been received. In order to accept this order, Lispell Co. would have to give up 400 pairs of its regular sales. However, there would be no sales commission incurred on the order. Shown below are the current costs of operation: Direct materials $48 Direct labor 12 Variable overhead 4 Fixed overhead 5 ($10,000 2,000 pairs) Variable selling and administrative 8 (sales commissions) Fixed selling and administrative 4 ($8,000 2,000 pairs) a. What costs are relevant to this decision? b. Provide an incremental analysis to be used in determining whether or not the order should be accepted. c. Are there any qualitative considerations that need to be addressed? Explain. 3. (30 points)Projected cost information for a new product to be produced by Kolier Manufacturing is as follows: Expected variable unit costs: Direct materials $10.90 Direct labor 7.18 Overhead 1.92 Selling costs 4.00 Annual fixed costs: Taxes on property used $ 8,870 Depreciation on building and equipment 18,920 Advertising 38,840 Other 2,070 The product is to be sold for $49. a. Compute the number of units that must be sold to earn a profit of $80,000. b. Compute the number of units that must be sold if advertising costs rise by $12,000 and a targeted profit of $120,000 is to be obtained. c. Use the original information and sales of 10,000 units to compute the new selling price that the company must use to obtain a profit of $200,000. d. The most in annual sales that could be projected is 20,000 units. Determine the added amount that e. could be spent on fixed advertising costs if the highest possible selling price that management believes can be charged is $50 and if there is a targeted profit of $225,000. 5. ( 20 points)James International is in the construction business. In 2010, it is expected that 30 percent of a month's sales will be received in cash, with the balance being received the following month. Of the purchases, 50 percent are paid the following month, 40 percent are paid in two months, and the remaining 10 percent are paid during the month of purchase. The sales force receives $1,500 a month base pay plus a 4 percent commission. Labor expenses are expected to be $4,000 a month. Other operating expenses are expected to run about $4,500 a month, including $500 for depreciation. The ending cash balance for 2009 was $18,000. Sales Purchases 2009?Actual November $100,000 $60,000 December 150,000 70,000 2010?Budgeted January 50,000 80,000 February 80,000 60,000 March 60,000 70,000 a. Prepare a cash budget and determine the projected ending cash balances for the first three months of 2010. b. Determine the months that the company would either borrow or invest cash.,As always Thank you Michael
