Coca Cola - Team Orange
.docx
keyboard_arrow_up
School
Franklin University *
*We aren’t endorsed by this school
Course
330
Subject
Accounting
Date
May 22, 2024
Type
docx
Pages
5
Uploaded by YoYoCHBA
Coca-Cola Company Analysis
Franklin University
ACCT320-U1WW Financial Accounting Theory
Team Orange – Krystal Rogols, John Motil, Yohanath Chavarria Barahona, Amanda Rupert
10/31/23
History
“
On May 8, 1886, Dr. John Pemberton brought his perfected syrup to Jacobs’ Pharmacy in downtown Atlanta where the first glass of Coca-Cola was poured” (
History
). As a result of that fateful day, Coca-Cola has become a thriving company, with a purpose of “refreshing the world and making a difference” and a vision to “craft the brands and choice of drinks that people
love, to refresh them in body and spirit” (
Purpose-and-Vision).
They have over 200 brands that vary widely in types such as soda, sports drinks, coffee and tea, juice, alcohol, and much more that are served worldwide (
About Us)
. One of Coca-Cola’s claims as a business is that they prioritize sustainability. “We do business the right way, not just the easy way” is the claim on their website (
About Us
). Doing business “the right way” is a subjective statement that can vary widely depending on the audience viewing the business, but there are several areas of business that most outside individuals review when considering if a business is solid. These areas are Profitability and Revenues, Liquidity and Flexibility, Debts and Investments, and Pension/Compensation Plans and Growth Plans. In the following paragraphs we will create a high-level review of each of these topics to determine help support the decision on whether Coca-Cola is truly doing business “the right way”.
Revenues, Accounts Receivable trends, and Profitability
Coca-Cola posts all financial statements publicly on their website, under the investors tab (
Financial information
). All revenue comparisons, accounts receivable trends, and profitability discussion in the following section are based on information published in this section.
Revenues, at their core, are sales and monies that come into a company based on their typical course of operation. Because Coca-Cola is a production based organization, operating revenue for them
would relate to the sales and distribution of their beverages that they produce. The Income Statement published on their website gives a side by side comparison of their six months ending 6/30/23 and 7/1/22 with all numbers listed in millions. For net operating revenue, the company has $22,952 for 2023 versus $21,816 for 2022, giving a increase of $1,136 million in revenue increase. Because these revenues are based on operations, it’s not sufficient to only look at increased revenues and not look to see if there is an offsetting increase in cost of goods sold. In Coca-Cola’s case there is an increase in this line as well. Cost of Goods Sold for 2023 are $9,229 vs $8,921 for 2022. When those are considered, it leaves a gross profit of $13,723 for 2023 versus $12,895. This $828 million in increase is a more accurate
view of how Coca-Cola’s revenues are trending. As a historical view, Gross Profits for 7/2/21 were $11,857 and for 6/26/20 were $9,367. When analyzing revenue, Coca-Cola has had a sound and steady increase even when considered against Cost of Goods Sold.
Account receivables are revenues that have been added to the operating revenue but have not yet been collected. This is an important number to review because a company can look very profitable but have no money if none of the sales have been paid. Account receivables can be found on the balance sheet and there are two things to consider when looking at them. The first is the Total outstanding receivables and the second is the allowance of doubtful accounts. Allowance for doubtful accounts is an offsetting contra account that reflects the portion of the accounts receivable that are deemed potentially uncollectable. In Coca-Cola’s case, accounts receivable net of allowance for doubtful accounts (gross receivables less doubtful) are as follows (in millions, all Q2 related): 2023-
$3970, 2022-$3487, 2021-$4036, 2022-$3144. The 2021 spike in accounts receivable is potentially due to COVID and the resulting turmoil on markets. There has been an increase from 2022 to 2023 of approximately 500 million, but that is less than the growth in revenue, so while it is a trend to monitor, it’s not necessarily something to be alarmed by.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
Reports
e-Services -
E4914788cmid3D543
Academic Departments -
ETC - CIMS -
Abdu
on 13
Ameen trading company is a popular distributor in the Nizwa region having years of experience in the field of
logistics and marketing. Over these years, the company has gained a very good public opinion and quiet a big
number of loyal customers. During the last year, the company has faced some financial struggles due to the
pandemic – crisis. The company has decided to plan well for the current year based on the past performance
so that the company will be able to regain its status.
et
red
dout of
question
The management of the company has given with you the Income statement for the last year and asked you to
calculate the gross profit and net profit margin.
Particular
OMR
Particular
OMR
Opening Stock
Purchases
То
76,250 By Sales
3,15,250
5,00,000
"Closing stock
98,500
Carriage and Freight
Wages
Gross Profit b/d
2,000
5,000
2,00,000
5,98, 500
5,98,500
2,00,000
To
Administration expenses
1,01,000 By…
arrow_forward
Analyze, Think, Communicate
ATC 7-1 Business Applications Case Preparing and using pro forma statements
Mary Helu and Jason Haynes rccently graduated from the same university Aftcr graduation thcy decidcd not to scck jobs at cstablishcd
organizations but, rather, to start thcir own small busincss hoping they could have morc flexibility in their personal lives for a few ycars.
Mary's family has operated Mexican restaurants and taco trucks for the past two gcncrations, and Mary noticcd thcre were no taco truck
Scrviccs in the town where their university was locatcd. To reduce the amount they would nced for an initial investment, they dccided to start
a business opcrating a taco cart rather than a taco truck, from which they would cook and scrve traditional Mexican-style strect food.
They bought a used taco cart for $18,000. This cost, along with the cost for supplics to get startcd, a busincss liccnse, and street vendor
licensc brought their initial cxpenditures to S22,000. They took…
arrow_forward
Bb https://learn-us-east-1-prod-fleet02...
Bb https://learn-us-east-1-prod-fleet02...
C
ormat Tools Add-ons Help
Normal text
Arial
Last edit was seconds ago
18 +
BI
UA
▼
1
1
2
1
3
4
51
6
BUS 208 - Principles of Accounting II
Chapter 12
Karen Smith and Abby Jones formed a partnership, investing $250,000 and $125,000,
respectively. Determine their participation in the year's net income of $420,000 under each of
the following independent assumptions. Please show your calculations.
M
THERN FIL
I
d. Salary allowances of $50,000 and $60,000, respectively, and the remainder divided
equally.
e. Allowance of interest at the rate of 5% on original investments, salary allowances
of $40,000 and $80,000 respectively and the remainder divided equally.
MAY
1
25
SC
7198
280
Bb https://learn-us-east-
E
11
I
átv
arrow_forward
PROGRAMS v SELF DEVELOPMENT E-LIBRARY ZAIN HANDBOOKS
8.
6.
10
11
12
13
14
15
16
A country has a total population of 17,000.000 inhabitants. and internet users penetration rate of 50%.
Calculate the following:
TIME LEFT 0:37:08
8:06
2/11
arrow_forward
Integrative Case 4 Enviro Plastics Company
Since its inception, Enviro Plastics Company has been revolutionizing plastic and trying to do its part to save the environment. Enviro’s founder, Marion Cosby, developed a biodegradable plastic that her company is marketing to manufacturing companies throughout the southeastern United States. After operating as a private company for six years, Enviro went public in 2015 and is listed on the Nasdaq stock exchange.
As the chief financial officer of a young company with lots of investment opportunities, Enviro’s CFO closely monitors the firm’s cost of capital. The CFO keeps tabs on each of the individual costs of Enviro’s three main financing sources: long-term debt, preferred stock, and common stock. The target capital structure for Enviro is given by the weights in the following table:
At the present time, Enviro can raise debt by selling 20-year bonds with a $1,000 par value and a 10.5% annual coupon interest rate. Enviro’s corporate tax rate…
arrow_forward
все
Google Chrome - D...
My Learning Progre... N Northwestern Univ...
Solution Manual Fo... Business Law
Question 28 of 40
View Policies
Show Attempt History
<
Current Attempt in Progress
X Your answer is incorrect.
0/0.3
Your grandfather has agreed to deposit a certain amount of money each year into an account paying 7.90 percent annually to help you
go to graduate school. Starting next year, and for the following four years, he plans to deposit $2,350, $8,600, $7,200, $6,600, and
$12,150 into the account. How much will you have at the end of the five years? (Round answer to 2 decimal places, e.g. 15.25.)
Future value at end of five years
eTextbook and Media
Save for Later
Using multiple attempts will impact your score.
20% score reduction after attempt 2
Q Search
41719.11
GUND
Attempts: 1 of 3 used Submit Answer
arrow_forward
Apps f . i - Iginuo
O YouTube Google daz 6 OpenEMIS Core
OS gw - Egiall gguill http://emis.moe.go..
9 https://www.joljo.c.
G Google iy - 249
Question : 6 a
Which of the following statements is correct?
Total elimination is consistent with the parent company concept.
Partial elimination is consistent with the economic unit concept.
Past accounting standards required the total elimination of unrealized intercompany profit in assets acquired from affiliated companies.
none of these.
2021- Shakir A Mrayyen
O WhatsApp image..jpeg
WhatsApp Image.jpeg
WhatsApp Image.jpeg
Type here to search
arrow_forward
al
ing
the
cerns
ssage
CASES FOR ANALYSIS
wor
Case 7-1
incisione dovolment
ant esinspo by blow wat
(1910
The Oracle of Omaha Speaks About
Board Members
YOY 100W 200odonW
Warren Buffett, the chairman and CEO of
Berkshire Hathaway, published his annual letter
to shareholders on February 22, 2020. The letter
discussed how Berkshire Hathaway's business
fared throughout 2019 and addressed a number of
topics, including corporate governance. In the fol-
lowing excerpt, Buffett described the qualities of a
meddai yosh
good director: pisan
I'd like you to know that almost all of the
directors I have met over the years have
been decent, likable and intelligent. They
dressed well, made good neighbors and
Bur
76
airil to anot udi sahesh oy oy
ndow april baloobs fiet
were fine citizens.... Nevertheless, many
of these good souls are people whom I
would never have chosen to handle money
or business matters. It simply was not
their game. They, in turn, would never
have asked me for help in removing a…
arrow_forward
100 points
Add class comment
Assume that you are a personnel officer in a
manufacturing company and that one of
your employees is a young engineering manager
called Joseph Sykes. Joseph has been
chosen to attend the local university' s Business
School to study for a diploma in management. Joseph
is reluctant to attend the course because he will have
to study accounting; as
an engineer, he thinks that it will be a waste of time for
him to study such a subject.
Required:
Draft an internal memorandum addressed to Joseph
explaining why it would be of benefit to him to study
accounting.
arrow_forward
formation - FIINA222
Class Kapoor, Personal Finance
M MHE Reader
A https://player-ui.mheducation.com/#/epub/sn_7cac#epubcfi(%2F6%2F116%5Bdata-uuid-84008053bad84db28aaafelaf7ae
->
Restaurant spending, $130
Page 110
4. Computing Balance Sheet Amounts. For each of the following situations, compute the missing amount.
a. Assets $48,000; liabilities $12,800; net worth $
b. Assets $78,780; liabilities $
; net worth $13,700.
C. Assets $44,280; liabilities $12,265; net worth $
d. Assets $
: liabilities $38,374; net worth $53,795.
arrow_forward
newconnect.mheducation.com
y!
Module 5
My Solutions | bartleby
Course Modules: Accounting in a Corporate Environment (2020 Spring)
Module 5 i
Saved
Help
Save & Exit
Submit
All
Unread
Check my work
3.
Search Reading List
Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock
items carried by its dot.com clients. When a client receives an order from a customer, the order is forwarded to Logistics
Solutions, which pulls the item from storage, packs it, and ships it to the customer. The company uses a predetermined
variable overhead rate based on direct labor-hours.
10
points
In the most recent month, 195,000 items were shipped to customers using 8,600 direct labor-hours. The company incurred a
total of $30,530 in variable overhead costs.
According to the company's standards, 0.04 direct labor-hours are required to fulfill an order for one item and the variable
overhead rate is $3.60 per direct labor-hour.
еВook
Required:…
arrow_forward
KINGDOM OF SAUDI ARABLA
MINISTRY OF HIGHER EDUCATION
4 Imam Muhammad thn Sand hlamie Universio
College of Ecenomies and Adminirative Selenees
Department of inance and Investment
Acedemic year1442-144
Level i four
Caurne Princiuler af finance
and investment-FINI02
Home exercises 1
All results must be numerie and rounded to the nearest hundredth
When you round off to the hundredih digit, you look at only the thousandth digit Le you focus only
on the next digit.
Say x- 8678.4546 When you round it to the nearest hundredth digit, you get - 8678.45
Say z= 8678.4556 When you round it to the nearest hundredth digit. you get z 8678.46
Question1:
You are given the following information about a corporation.
Statement income
2019
2020
Sales
250
300
Operating costs
Depreciations
Net Working Capital
Capital Spending
If we assume the firm faces a 20% tax rate, calculate the free cash flow (FCF) for the year 2020.
180
200
45
20
50
25
45
50
Question2:
You are considering an investment in a new project.…
arrow_forward
earning Hub
its itslearning
G Select all that apply to x
O Business Chapter 8 Fla x
G Rent-to-own
A wayne.itslearning.com/ContentArea/ContentArea.aspx?LocationID=D47229&LocationType=1&ElementID=1468926
okmarks ts e pa M 9 SC
4 R Home
田
Select all that apply to a saving account
Your answer:
emergency fund
community stock owned by family members
Lower amount of risk
lower rate of return
arrow_forward
erd-2020 Fall T x
spurs meaning Google
Upitan
Oregon Trail Map
magnetic packag..
Señor Wooly
How to Ens Your
Board
CP1-4 Communication
There are two common causes of business and accounting fraud:
• A failure of individual character
• A culture of greed or ethical indifference within an organization
Required:
Write a brief memo describing how these two factors could lead to accounting
fraud.
Thread:
Wnte Your response as reguested above, It should be in memo format as
cholarly sources to
arrow_forward
multiplymovement.com/english_multiply.pdf
WileyPLUS
WileyPLUS: MyWileyPLUS | Help I Contact Us | Log C
Weygandt, Accounting Principles, 13e
FINANCIAL/MANAGERIAL ACCOUNTING (ACC 124/125/201/20
CALCULATOR
STANDARD VIEW
PRINTER VERSION
1 BACK
NEXT
Exercise 10-13 a1-a2 (Part Level Submission) (Video)
Gill Company, organized in 2020, has the following transactions related to intangible assets.
1/2/20
Purchased patent (7-year life)
$595,000
4/1/20
Goodwill purchased (indefinite life)
360,000
7/1/20
10-year franchise
480,000
9/1/20
Research and development costs
185,000
- (a1)
Prepare the necessary entries to record these intangibles. All costs incurred were for cash. Make the adjusting entries as of December 31, 2020, recording any necessary amortization. (Credit
account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required,
select "No Entry" for the account titles and enter 0…
arrow_forward
Homework: Corporate Reporting X M Question 10 Homework.
o.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Flms.mheducation.com%252Fmghmiddlewar
Dorate Reporting and Analysis Problems...
X
Saved
Required information
[The following information applies to the questions displayed below.]
Raphael Corporation's balance sheet shows the following stockholders' equity section.
Preferred stock-5% cumulative, $ par value, 1,000 shares authorized, issued, and outstanding
Common stock-$ par value, 4,000 shares authorized, issued, and outstanding
Retained earnings
Total stockholders' equity
Total amount paid to the preferred shareholders
Total amount paid to the common shareholders
$ 75,000
100,000
400,000
$575,000
2. If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $23,750,
compute the total amount paid to (a) preferred shareholders and (b) common shareholders.
arrow_forward
ENTREPRENEURSHIP_LAS_2nd-C x
+
O File | C:/Users/user/Downloads/ENTREPRENEURSHIP_LAS_2nd-QUARTER-for-printing.pdf
...
(D Page view A Read aloud
O Add text | V Draw
9 Highlight
O Erase
18
of 29
Directions: Solve the given problem. Show complete solution.
7. 1. Carl Joshua went to Baguio and bought 20 jars of strawberry jam for P5, 000.00 with 10% discount.
When he got back to Peñablanca, he sold 10 of the jars for a total of P3,000.00 and the rest at P320.00
each. How much profit did Carl gain?
8. 2. A watch owner sold a total of 1,000 watches for P1, 000 each for the month of January. He bought
those watches from a supplier at P400 each. The business paid utilities amounting to P40, 000,
miscellaneous P30, 000, internet connection P10, 000 and interest expense of P50, 000 for January.
How much is the profit/ loss for the period?
Exercise #2: PROFITABILITY RATIO
Directions: Compute for the profitability ratios. Show complete solution.
HAKDOG CORPORATION
INCOME STATEMENT
For the period…
arrow_forward
Oaline Test Window-Soogle Chrome
A tests.mettl.com/test-window/f55ac827#/testWindow/0/19/1
EY
Accounting Assessment e
Total 00:54:29
Finish Test
Section 1 of 1 Section #1v
10 11/
12
13
14
15
16
17
18
19
20
20 of 45
All
2
43
Question # 20
G Revisit
Choose the best option
A company purchased 50,000 worth of office supplies on January 1st and had 15.000 of office
supplies still on hand at year-end. If the initial purchase of supplies entry on January 1st was to debit
office supplies expense and to credit cash for 50,000. The adjusting entry on December 31 will be
O A
O B
A Office supplies 15,000
B Office supplies expense 15,000
C Office supplies 35,000 Office supplies expense 35,000
Office supplies expense 15,000
Office supplies 15,000
O D
D Office supplies expense 95,000
Office supplies 35,000
PrecQueston
Next Question
+91-82878-03040
Zaineh | Support +1-650-924-9221
metti
4:14 PM
>口 d
1/16/2021
Type here to search
arrow_forward
uestion : 1 a
A distinguishing feature of managerial accounting is
external users.
general-purpose reports
very detailed reports.
quarterly and annual reports.
© 2021 - Shakir A. Mrayyen
AR ▲ * 原壁l心
DELL
Insert
Prnt
F12
F10
F5
F6
F7
F8
144
F1
F3
F4
F2
Esc
IESTION
SNBMSNY
arrow_forward
Brown): Week 3
CU122-0 2201 (Brown): Week 4 x
Week 6: Culmination Knowledge x
+
empt.php?attempt=2921412&cmid%=866335
A fr. Enduring Word Bibl.
b My Questions | bart.
Financial Aid Student Accounts Resources Campus Store
c. $8,550
d. $9,280
Chef Fabio does beginning inventory on Thursday night and finds that he has $1456 in food products in the restaurant. Throughout the week he
purchases:
• $457 produce,
• $632 protein,
• $356 dry goods, and
• $147 dairy.
The following Thursday he does ending inventory and finds that he has $1643 in food. He looks at his sales and finds that he made $5546 over
the same 7 day period. What is his food cost as a percentage of sales (food cost percentage)?
Select one:
a. 54.96%
b. 28.70%
c. 55.88%
d. 25.33%
The ingredients for your braised greens cost $1.32. You sell it for $4. What is your contribution margin?
nswered
Select one:
ut of 1.00
a. $3.18
question
F2
arrow_forward
Chapter 1Managerial Accounting: An OverviewEthics and the ManagerRichmond, Inc., operates a chain of 44 department stores. Two years ago, the board of directors of Richmond approved a large-scale remodelling of its stores to attract a more upscale clientele.Before finalizing these plans, two stores were remodelled as a test. Linda Perlman, assistant controller, was asked to oversee the financial reporting for these test stores, and she and other management personnel were offered bonuses based on the sales growth and profitability of these stores. While completing the financial reports, Perlman discovered a sizable inventory of outdated goods that should have been discounted for sale or returned to the manufacturer. She discussed the situation with her management colleagues; the consensus was to ignore reporting this inventory as obsolete because reporting it would diminish the financial results and their bonuses.Required:1. According to the IMA’s Statement of Ethical Professional…
arrow_forward
Multiple Choices
A company's sales in 2010 were P300,000
and in 2011 were P351,000. Using 2010 as
the base year, the sales trend percent for
2011 is: *
Choose
17%
85%
orted net sales of
d P360,000 in the
100%
12,respectively. If
iat is the trend
117%
48%
arrow_forward
Wisconsin Bank lends Local Furniture Company question 40
attached in sss below
thanks for help
prwhpwohkwtphowkp
wtw
arrow_forward
Required information
Chapter 03 Discussion Case 3-35 LO 3-7, 3-9
[The following information applies to the questions displayed below.]
Forestcrest Woolen Mills is a closely held North Carolina company that has existed since 1920. The company
manufactures high-quality woolen cloth for men's and women's outerwear. Your firm has audited Forestcrest for 15 years.
Five years ago, Forestcrest signed a consent decree with the North Carolina Environmental Protection Agency. The
company had been convicted of dumping pollutants (such as bleaching and dyeing chemicals) into the local river. The
consent decree provided that Forestcrest construct a water treatment facility within eight years.
You are conducting the current-year audit, and you notice that there has been virtually no activity in the water treatment
facility construction account. Your discussion with the controller produces the following comment: "Because of increased
competition and lower sales volume, our cash flow has decreased…
arrow_forward
Computer Accounting with Quicl X
G Google
+ x
A platform.virdocs.com/r/s/0/doc/1530270/sp/174566355/mi/561968185?dfi=%2F4%2F4
EQ 514
+-
514 Chapter 9
Complete the following adjusting entry for Mookie The Beagle Concierge.
In anticipation of stocking Mookie The Beagle Concierge branded inventory, Cy charged
$864 for 6 months storage locker rental from Lynne's Space to Mookie The Beagle
Concierge's VISA credit card on January 1, 2022. So at the end of the accounting period on
January 31, Mookie The Beagle Concierge has used 1 month of rent @ $144 ($864/6 months
$144 per month). The unused rent ($720) is Prepaid Expense: Prepaid Rent, an asset account
with future benefit. Since Cy had not recorded anything related to the storage locker rental,
an adjusting entry is needed to bring accounts up to date at January 31.
1. Complete the following table.
Account
Account Type Increase or Decrease? Debit or Credit? Amount
Rent & Lease
Expense
Asset
Prepaid Expenses: Rent
VISA Credit Card
$.…
arrow_forward
my.sharepoint.com/w:/t/personal/hayess_students_an_edu/_layouts/15/Docaspx?sourcedoc=(c6
anvas
erences
Review
View
Help
Editing
i Share
A^
A
U Ov Av Ao
E E E E E
ACC200 PRINCIPLES OF ACCOUNTING III
ASSIGNMENT 4
EA1.
LO 6.1Steeler Towel Company estimates its overhead to be $250,000. It expects to
have 100,000 direct labor hours costing $2,500,000 in labor and utilizing 12,500
machine hours. Calculate the predetermined overhead rate using:
A. Direct labor hours
B. Direct labor dollars
C. Machine hours
FA2
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Fundamentals Of Financial Management, Concise Edi...
Finance
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning
Financial Reporting, Financial Statement Analysis...
Finance
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:Cengage Learning
Related Questions
- Reports e-Services - E4914788cmid3D543 Academic Departments - ETC - CIMS - Abdu on 13 Ameen trading company is a popular distributor in the Nizwa region having years of experience in the field of logistics and marketing. Over these years, the company has gained a very good public opinion and quiet a big number of loyal customers. During the last year, the company has faced some financial struggles due to the pandemic – crisis. The company has decided to plan well for the current year based on the past performance so that the company will be able to regain its status. et red dout of question The management of the company has given with you the Income statement for the last year and asked you to calculate the gross profit and net profit margin. Particular OMR Particular OMR Opening Stock Purchases То 76,250 By Sales 3,15,250 5,00,000 "Closing stock 98,500 Carriage and Freight Wages Gross Profit b/d 2,000 5,000 2,00,000 5,98, 500 5,98,500 2,00,000 To Administration expenses 1,01,000 By…arrow_forwardAnalyze, Think, Communicate ATC 7-1 Business Applications Case Preparing and using pro forma statements Mary Helu and Jason Haynes rccently graduated from the same university Aftcr graduation thcy decidcd not to scck jobs at cstablishcd organizations but, rather, to start thcir own small busincss hoping they could have morc flexibility in their personal lives for a few ycars. Mary's family has operated Mexican restaurants and taco trucks for the past two gcncrations, and Mary noticcd thcre were no taco truck Scrviccs in the town where their university was locatcd. To reduce the amount they would nced for an initial investment, they dccided to start a business opcrating a taco cart rather than a taco truck, from which they would cook and scrve traditional Mexican-style strect food. They bought a used taco cart for $18,000. This cost, along with the cost for supplics to get startcd, a busincss liccnse, and street vendor licensc brought their initial cxpenditures to S22,000. They took…arrow_forwardBb https://learn-us-east-1-prod-fleet02... Bb https://learn-us-east-1-prod-fleet02... C ormat Tools Add-ons Help Normal text Arial Last edit was seconds ago 18 + BI UA ▼ 1 1 2 1 3 4 51 6 BUS 208 - Principles of Accounting II Chapter 12 Karen Smith and Abby Jones formed a partnership, investing $250,000 and $125,000, respectively. Determine their participation in the year's net income of $420,000 under each of the following independent assumptions. Please show your calculations. M THERN FIL I d. Salary allowances of $50,000 and $60,000, respectively, and the remainder divided equally. e. Allowance of interest at the rate of 5% on original investments, salary allowances of $40,000 and $80,000 respectively and the remainder divided equally. MAY 1 25 SC 7198 280 Bb https://learn-us-east- E 11 I átvarrow_forward
- PROGRAMS v SELF DEVELOPMENT E-LIBRARY ZAIN HANDBOOKS 8. 6. 10 11 12 13 14 15 16 A country has a total population of 17,000.000 inhabitants. and internet users penetration rate of 50%. Calculate the following: TIME LEFT 0:37:08 8:06 2/11arrow_forwardIntegrative Case 4 Enviro Plastics Company Since its inception, Enviro Plastics Company has been revolutionizing plastic and trying to do its part to save the environment. Enviro’s founder, Marion Cosby, developed a biodegradable plastic that her company is marketing to manufacturing companies throughout the southeastern United States. After operating as a private company for six years, Enviro went public in 2015 and is listed on the Nasdaq stock exchange. As the chief financial officer of a young company with lots of investment opportunities, Enviro’s CFO closely monitors the firm’s cost of capital. The CFO keeps tabs on each of the individual costs of Enviro’s three main financing sources: long-term debt, preferred stock, and common stock. The target capital structure for Enviro is given by the weights in the following table: At the present time, Enviro can raise debt by selling 20-year bonds with a $1,000 par value and a 10.5% annual coupon interest rate. Enviro’s corporate tax rate…arrow_forwardвсе Google Chrome - D... My Learning Progre... N Northwestern Univ... Solution Manual Fo... Business Law Question 28 of 40 View Policies Show Attempt History < Current Attempt in Progress X Your answer is incorrect. 0/0.3 Your grandfather has agreed to deposit a certain amount of money each year into an account paying 7.90 percent annually to help you go to graduate school. Starting next year, and for the following four years, he plans to deposit $2,350, $8,600, $7,200, $6,600, and $12,150 into the account. How much will you have at the end of the five years? (Round answer to 2 decimal places, e.g. 15.25.) Future value at end of five years eTextbook and Media Save for Later Using multiple attempts will impact your score. 20% score reduction after attempt 2 Q Search 41719.11 GUND Attempts: 1 of 3 used Submit Answerarrow_forward
- Apps f . i - Iginuo O YouTube Google daz 6 OpenEMIS Core OS gw - Egiall gguill http://emis.moe.go.. 9 https://www.joljo.c. G Google iy - 249 Question : 6 a Which of the following statements is correct? Total elimination is consistent with the parent company concept. Partial elimination is consistent with the economic unit concept. Past accounting standards required the total elimination of unrealized intercompany profit in assets acquired from affiliated companies. none of these. 2021- Shakir A Mrayyen O WhatsApp image..jpeg WhatsApp Image.jpeg WhatsApp Image.jpeg Type here to searcharrow_forwardal ing the cerns ssage CASES FOR ANALYSIS wor Case 7-1 incisione dovolment ant esinspo by blow wat (1910 The Oracle of Omaha Speaks About Board Members YOY 100W 200odonW Warren Buffett, the chairman and CEO of Berkshire Hathaway, published his annual letter to shareholders on February 22, 2020. The letter discussed how Berkshire Hathaway's business fared throughout 2019 and addressed a number of topics, including corporate governance. In the fol- lowing excerpt, Buffett described the qualities of a meddai yosh good director: pisan I'd like you to know that almost all of the directors I have met over the years have been decent, likable and intelligent. They dressed well, made good neighbors and Bur 76 airil to anot udi sahesh oy oy ndow april baloobs fiet were fine citizens.... Nevertheless, many of these good souls are people whom I would never have chosen to handle money or business matters. It simply was not their game. They, in turn, would never have asked me for help in removing a…arrow_forward100 points Add class comment Assume that you are a personnel officer in a manufacturing company and that one of your employees is a young engineering manager called Joseph Sykes. Joseph has been chosen to attend the local university' s Business School to study for a diploma in management. Joseph is reluctant to attend the course because he will have to study accounting; as an engineer, he thinks that it will be a waste of time for him to study such a subject. Required: Draft an internal memorandum addressed to Joseph explaining why it would be of benefit to him to study accounting.arrow_forward
- formation - FIINA222 Class Kapoor, Personal Finance M MHE Reader A https://player-ui.mheducation.com/#/epub/sn_7cac#epubcfi(%2F6%2F116%5Bdata-uuid-84008053bad84db28aaafelaf7ae -> Restaurant spending, $130 Page 110 4. Computing Balance Sheet Amounts. For each of the following situations, compute the missing amount. a. Assets $48,000; liabilities $12,800; net worth $ b. Assets $78,780; liabilities $ ; net worth $13,700. C. Assets $44,280; liabilities $12,265; net worth $ d. Assets $ : liabilities $38,374; net worth $53,795.arrow_forwardnewconnect.mheducation.com y! Module 5 My Solutions | bartleby Course Modules: Accounting in a Corporate Environment (2020 Spring) Module 5 i Saved Help Save & Exit Submit All Unread Check my work 3. Search Reading List Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a customer, the order is forwarded to Logistics Solutions, which pulls the item from storage, packs it, and ships it to the customer. The company uses a predetermined variable overhead rate based on direct labor-hours. 10 points In the most recent month, 195,000 items were shipped to customers using 8,600 direct labor-hours. The company incurred a total of $30,530 in variable overhead costs. According to the company's standards, 0.04 direct labor-hours are required to fulfill an order for one item and the variable overhead rate is $3.60 per direct labor-hour. еВook Required:…arrow_forwardKINGDOM OF SAUDI ARABLA MINISTRY OF HIGHER EDUCATION 4 Imam Muhammad thn Sand hlamie Universio College of Ecenomies and Adminirative Selenees Department of inance and Investment Acedemic year1442-144 Level i four Caurne Princiuler af finance and investment-FINI02 Home exercises 1 All results must be numerie and rounded to the nearest hundredth When you round off to the hundredih digit, you look at only the thousandth digit Le you focus only on the next digit. Say x- 8678.4546 When you round it to the nearest hundredth digit, you get - 8678.45 Say z= 8678.4556 When you round it to the nearest hundredth digit. you get z 8678.46 Question1: You are given the following information about a corporation. Statement income 2019 2020 Sales 250 300 Operating costs Depreciations Net Working Capital Capital Spending If we assume the firm faces a 20% tax rate, calculate the free cash flow (FCF) for the year 2020. 180 200 45 20 50 25 45 50 Question2: You are considering an investment in a new project.…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Fundamentals Of Financial Management, Concise Edi...FinanceISBN:9781337902571Author:Eugene F. Brigham, Joel F. HoustonPublisher:Cengage LearningFinancial Reporting, Financial Statement Analysis...FinanceISBN:9781285190907Author:James M. Wahlen, Stephen P. Baginski, Mark BradshawPublisher:Cengage Learning
Fundamentals Of Financial Management, Concise Edi...
Finance
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning
Financial Reporting, Financial Statement Analysis...
Finance
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:Cengage Learning