Review Warren Buffett’s 2022 letter to shareholders and write a few sentences on anything that interests or inspires you. The letter may be found here: https://berkshirehathaway.com/letters
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6. Review Warren Buffett’s 2022 letter to shareholders and write a few sentences on anything that
interests or inspires you. The letter may be found here:
https://berkshirehathaway.com/letters/2022ltr.pdf
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- you need to use the 10-k form of Apple inc. for the year 2020 in order to answer the question. link to 10-k form: https://www.sec.gov/ix?doc=/Archives/edgar/data/320193/000032019320000096/aapl-20200926.htm#ief781ab58e4f4fcaa872ddbd30da40e1_163 Question: A. Did the company issue any new shares of stock during the most recent year? B. How many shares? C. How much did it receive for the stock issuance? A. Did the company declare any dividends in the most recent year? B. What type of dividends? C. What was the dollar value of the dividends declared?Iou see a TV interviewer praising a CEO for several new product her company has developed. Should you buy the stock based on the segment WhyH7. Lois Kenseth, president of Sycamore Corporation, is concerned about several large stockholders who have been very vocal lately in their criticisms of her leadership. She thinks they might mount a campaign to have her removed as the corporation's CEO. She decides that buying them out by purchasing their shares could eliminate them as opponents, and she is confident they would accept a “good” offer. Kenseth knows the corporation's cash position is decent, so it has the cash to complete the transaction. She also knows the purchase of these shares will increase earnings per share, which should make other investors quite happy. (Earnings per share is calculated by dividing net income available for the common shareholders by the weighted-average number of shares outstanding. Therefore, if the number of shares outstanding is decreased by purchasing treasury shares, earnings per share increases.) (a) Who are the stakeholders in this situation? (b) What are the ethical issues involved?…
- Use the internet to find a publicly-held companys annual report. Locate the section that comments on the Stockholders Equity section of the financial reports. What additional insights are you able to learn by looking further into the commentary? Is there anything that surprised you or that you think is missing and could help you if you were deciding whether to invest $100,000 of your savings in this companys stock?Discuss the pros and cons of having the directors formally announce a firm’s future dividend policy. Around 150 words pleaseH5. The shareholders of the Pineapple Company need to elect seven new directors. There are 810,000 shares outstanding currently trading at $41 per share. You would like to serve on the board of directors; unfortunately, no one else will be voting for you. a. How much will it cost you to be certain that you can be elected if the company uses straight voting? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) b. How much will it cost you if the company uses cumulative voting? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) Show proper step by step calculation
- What lesson does the future value formula provide for young workers who are looking ahead to retiring some day? What is the Effective Annual Rate (EAR) and what is its purpose? The value of a share of common stock in a corporation is directly related to the general rights of shareholders, particularly as it applies to the right to vote for directors. Discuss at least four (4) additional rights that common shareholders have.You will enter the Topic, Subtopic, Section, Paragraph in a fill in the blank question and your overall conclusion to this case. Example: ASC 100-10-45-4 (you do not need to enter what the guidance content) Research Case #2: Ricci Corporation is preparing their financial statements for the year ending September 30, 2021. Ricci Corporation has two categories of stock; Preferred and Common. On September 25, 2021 Ricci Corporation declared dividends on the preferred stock which will be paid on October 18, 2021. In order to calculate EPS the staff accountant had the following information: 2021 Net Income: $4,000,000 Preferred Dividends Declared in September 25, 2021 $ 500,000 but not paid until October 18, 2021 Weighted Average Number of Common Shares Outstanding 125,000 shares The staff accountant has determined…You have added to your stockholdings in ABC, as follows: 11/2016 – 100 shares at $18 per share (initial purchase) 04/2017 – 100 shares at $22 per share 12/2017 – 100 shares at $24 per share 06/2018 – 100 shares at $25 per share 09/2019 – 100 shares at $29 per share Needing cash for a down payment on a new house, today you sold 250 shares at $36 per share. But, distracted by the wonderful new home that you are about to own, you forgot to instruct your online broker exactly which shares you were sell-ing. What is the amount and character of your gain on today’s sale?
- Begin with the partial model in the file Ch02 P21 Build a Model.xlsx on the textbooks Web site. a. Using the financial statements shown here for Lan Chen Technologies, calculate net operating working capital, total net operating capital, net operating profit after taxes, free cash flow, and return on invested capital for 2020. The federal-plus-state tax rate is 25%. b. Assume there were 15 million shares outstanding at the end of 2019, the year-end closing stock price was 65 per share, and the after-tax cost of capital was 10%. Calculate EVA and MVA for 2020. Lan Chen Technologies: Income Statements for Year Ending December 31 (Millions of Dollars) Lan Chen Technologies: December 31 Balance Sheets (Thousands of Dollars)119-Mr. Abdullah is an auditor in XYZ LLC. His job is to see the correctness of financial statements and to give suggestions. He came to know that his company is entering into a new product line, so he started discussing about it on various places and about its projection in the future. In this situation there is a chance of a. Advocacy threat b. Familiarity threat c. Self review threat d. None of the options24. Based on Item 21, what is the amount of contributed capital that ABC Corporation should report in its May 1, 2020 statement of shareholder’s equity? a. 640,000 b. 600,000 c. 260,000 d. 900,000 25. Based on Item 21, what is the amount of legal capital that ABC Corporation should report in its May 1, 2020 statement of shareholder’s equity?
