Income Statements

In this paper I will identify the four basic financial statements, discuss how they are interrelated with each other, and why they are useful to managers, investors, creditors, and employees.

1. This action would affect the year-end income statement by showing an extra $10,000 increase in revenue. It would affect the year-end balance sheet by altering the numbers shown. The amount that is actually owed to the creditors would reflect lower that it really is while the business’ equity and revenue would reflect higher than it truly is.

During my most recent OSAP-funded study period, I was enrolled in my first year of Chemical Engineering at Ryerson University, adapting to a new environment and trying to transition from high school to post-secondary.

The Board of Directors declared a quarterly cash dividend of $0.20 per share on the company’s common stock. This increase in dividend was payable to shareholders of record on closed of business on May 11, 2016. In the first quarter of this year, the company brought back 1.0 million shares of its common stock at a cost of $50.0 million, with the expectation that it will return its free cash flow to shareholders in this year in the form of dividends and share of repurchases. The Cheesecake Factory knows the importance of success, therefore they schedule conference calls and webcast live on the company’s website throughout May 26, 2016. This ensure stakeholders that the company was not in the red, and continue to profit.

This is a serious question. When was the last time you looked at your Income Statement? When did you look at your Balance Sheet? If you could look me in the eye and tell me that it has been in the last four weeks, I will be happy.

Direct costs for the Ruger Clinic of Toledo, Ohio totaled $100,000 in 2007 and represents the total cost pool. The Ruger's uses direct cost allocation of expenses in the cost pool to three revenue-producing patient services. Drivers under consideration for the allocation of costs are patient service revenue (a direct dollar for dollar allocation) and hours of housekeeping services used (a volume-based activity for allocation). Drivers amounted to the following activity in dollars and volume, respectively:

The following four companies are related to the companies that have been in review over the last four weeks. These four following companies show how well the company has been doing over the last two years or not so well. The company has pulled their balance sheets and income statement to see if all the company’s financial needs are being met. If the company’s needs are not being met, the company will show where the company needs to cut back and where the company needs to improve.

Financial Information Pro-forma income statements Period Ending 31-Dec-2015 31-Dec-2016 31-Dec-2017 Total Revenue 11,39 8,52 9,16 Cost of Revenue 1,68 1,29 91 Gross Profit 9,71 7,23 8,25 Operating Expenses Research Development - - - Selling General and Administrative 8,598 7,122 6,167 Non Recurring - - - Others 264 392 155 Total Operating Expenses - - - Operating Earning or Loss 848 (284) 1,933

Accounting is the heart and soul of executing a successful business. Accounting is used to provide record for all items that are paid and received for a business over any period of time. Within the purpose of accounting lies the need to provide continuity and sustainability within a business, without it a business will not thrive. The information obtained is kept on record, in order to give insight to upper management on data concerning the daily revenue and expenses of that business. This data is needed to not only inform the employees of the business, but also the investing parties of that business as well. Success in business is equated to being accountable of all aspects of revenue and expenses. To

Google Inc. provides the biggest threat to Apple Inc. due to the hugely growing line of the Android market and their overwhelming ability to provide advertising to vendors. This seemingly puts heavy pressure on Apple to keep up with new products and to continue to create the next best thing. Google provides a much different way of recording their revenue. This is due to the fact that they receive revenue in a much different way. Google, unlike Apple who mostly sells products over services, sells services over products. The main source of income they receive is from providing there vendors with advertising space. As much as 96% of the company’s revenue comes from this source (Google Inc., 2012). Within this variation, they recognize revenue a little differently. Since most of the revenue comes from advertising, Google collects most revenue on a

Financial Information Pro-forma income statements Period Ending 31-Dec-2015 31-Dec-2016 31-Dec-2017 Total Revenue 11,39 8,52 9,16 Cost of Revenue 1,68 1,29 91 Gross Profit 9,71 7,23 8,25 Operating Expenses Research Development - - - Selling General and Administrative 8,598 7,122 6,167 Non Recurring - - - Others 264 392 155 Total Operating Expenses - - - Operating Earning or Loss 848 (284) 1,933

The financial condition of a company as reported in the company’s financial statements for a period gives company management the information needed to make vital business decisions including the decision to expand in nature or how to determine industry trends in nature by using a trend analysis. In this paper, I will discuss Landry’s Restaurants management assessments of the financial condition and explain whether or not those assessments agree with my previous assessments supported by a trend analysis. I will also discuss management’s concerns and identify and recommend a course of action for weaknesses not discussed by management.

The directors have pleasure in submitting their report together with the audited financial statements of the Company for the year ended 31 December 2010.

The forecasted profit and loss statement will allow Columbia Memorial Hospital to predict their upcoming financial performance over an accounting period. One of the best predictors of the future can come from healthcare managers analyzing data, which in turn gives them the information needed to identify whether the organization can make a profit for the given period (57).

Financial statements have several key components and specific criteria into them to relay the detailed information for auditors and management. A deeper look into financial statements and the many concepts surrounding them are needed to explain in more detail. It’s also important to recognize the Auditor’s opinion letter, balance sheet, operating statement, statement of changes in net assets, and statement of cash flows and footnotes of their involvement in the process. Relevant accounting articles are a useful supplement to financial statements and how they enhance concepts in the financial statement. The meaningful uses of financial statements for health care organizations are the epitome of current and future success of financial health.