Panther Company continues to use the sophisticated equity method.
1. Prepare all the eliminations and adjustments that would be made on the 2012 consolidated worksheet.
2. If you did not solve Exercise 4, prepare the 2012 consolidated income statement and its related income distribution schedules.
First page is the cover sheet
Second page is the Abstract – Briefly introduce what paper is about
Third page is the Introduction – Brief introduction of each company as if you did not have an abstract. Then begin to each of the four items. Read the rubic for Assignment 2 and information below to be nothing is missed.
Item 1) Again, begin with a brief introduction of the companies and then talk their 10ks. Take a look it from the perspective of an investor. It is very formal and stuffy or very casual and use lots of graphs? Did they go out of their way to help those w/o an MBA degree understand it? Is it from a positive tone or did the company recently go through an issue and is trying to put a spin on it?
1) Compare and contrast style of 10K. What is senior mgmt trying to convey to investors? Would you, as in investor, be happy with this sort of reporting if you were investing 10k to 1M in this company?
2) For example, give the background of the industry and presentation of the company’s annual report. How is mgmt choosing to use/present this information?
a. All companies must file a 10K but there is latitude with the amount of detail – For instance, is the company using as a marketing tool or strategy showing lots of great results and highlighting new initiatives, making it simple for ppl to learn and think positive about their company from an investment or general standpoint?
b. Or do they see it as a necessary evil – not really interested in ppl knowing about their company to gain new investors. Don’t want competitors to undercover something that they can use against them. Don’t want the info shared with the public sector. It’s restrictive!
Item 2) The end product is mostly a paper but it has to be data driven by financials. Use the Excel template and show all work. Enter data and show calculations for all 3-4 years. Look for measures that are relevant – use 6-8 ratios. Compare and contrast for the two companies. Incorporate a simple table into the paper that shows the 6-8 ratios you are discussing. Answer these questions and add more:
1) What is data telling you?
2) Is one company doing better than the other?
3) Has one chosen to use debt and the other funding primarily through equity?
4) Do they have similar trends where they both are improving inventory and getting better at using their inventory more efficiently.
Must have a 5-6 sentence paragraph on each of the 6 to 8 ratios. For example: For Company A, ratio _____ has increased, decreased, or remains the same, whereas Company B has……
This means for every dollar in current assets, Company A….
Then talk about the implication– Does this mean Company A is healthier than Company B or are both in the same boat? Wrap up with comments or references about that particular ratio. You can use references from Investopedia, Wiki, or other resources.
It may helpful to print off the Data tab of the spreadsheet. It will show the dollar amount and percentage of change increase or decrease over the past year. The Results tab gives the list of ratios – What 6-8 ratios are you talking about? The Sample tab gives an example of how to interpret the ratio/a brief intro of how to interpret the results. Do your research to find out what is an acceptable minimum ratio in that industry. For example, if the company has a loan due in 12 months, 1.0 ratio for current assets might be the bare minimum to pay bills. Yet, 3X as much current assets is definitely enough to pay bill and banks will not worry about giving the company a loan. What does the inventory ratio mean? Look at the ratio and ask is the number good or bad – getting better or getting worse? What does that mean?
Item 3) Look at the cash flow over the last 3 years — Where it is coming from?
1) Base operation
2) Taking out debt
3) Selling off buildings
4) Investing heavily
5) Etc.
Bottom-line—Analyze (calculate and discuss similarities and differences in trends) the cash flow statements. What is happening on the cash flow statement for each company? Share the story and provide your perspective– Do you see it as healthy? For example, if the business is selling assets and taking out huge loans, it might mean issues down the road with trying to generate sufficient cash flow to pay the bills. Discuss how these patterns reflect on the stated strategies of the organizations.
Look at the company notes to gain knowledge. For example, is the company planning to retire bonds and trying to maintain a healthy cash flow for that?
Item 4) Discuss the most significant accounting policies adopted by the two organizations (revenue recognition; inventory valuation). Select the same two for each company. Explain the choices made by both companies and comment on any differences that you see.
Talk about the choices the two companies have made in this area. Use the notes of the financial statement to help answer this question. For example:
1) What inventory valuation are they using — FIFO, LIFO, weighted average?
2) What kind of depreciation are they using – straight line or accelerated?
3) How are they accounting for bad debt?
Tip: Use SEC Edgar to find more information on the companies. Always include something about the competitors.
Thank you!
Requirements
1. Prepare Tilton Department Stores multi-step income statement for the year ended December 31, 2016. Assume ending Merchandise Inventory is $36,700.
2. Journalize Tilton Department Stores closing entries.
Requirements
1. Calculate the present value of each scenario using a 6% discount rate. Which scenario yields the highest present value?
2. Would your preference change if you used a 12% discount rate?
Assignment 2: Time Value of Money
When the Genesis and Sensible Essential teams held their weekly meeting, the time value of money and its applicability yielded an extremely stimulating discussion. However, most of the team members from Genesis were very perplexed. Sensible Essentials decided the most expedient way to demonstrate how interest rates as well as time impact the value of money was to use examples. You have been asked to prepare a report analyzing your findings of the three example calculations listed below.
In this assignment, you will do the following:
Perform your calculations in an Excel spreadsheet. Copy the calculations in a Word document. In addition, write a 2- to 3-page executive summary in Word format. Your summary should reflect a proper analysis of your findings, including a comparison and contrast of data. Apply APA standards to citation of sources. Use the following file naming convention: LastnameFirstInitial_M2_A2.doc.
Throughout this course, you will review scenarios involving Company A, which has been acquired by Company B. Company A was founded in 1956 in Mobile, Alabama. The average age of its workforce is 57 and it is comprised of 40% Caucasian and 85% male. Company B was founded in 1997 in San Francisco, California. The average age of its workforce is 35 and it is comprised of 45% Caucasian and 50% male.
These two companies have been staunch competitors in the marketplace for several years and the employees of Company A are resentful of integrating with their former rival. There are many strategic and ethical challenges involved in this acquisition. A few of the goals of the acquisition project are listed below:
Let us look at the role and responsibilities of HR managers regarding managing the company’s goals related to the recent acquisition.
Instructions:
You have a wide variety of employees encompassing different ages, genders, and ethnic backgrounds represented in these two companies. As a Strategic HR Director, your goal is to create a workforce that will effectively move the newly formed company forward.
Now, address the following issues:
Write a five-to-seven-page report in Word format. Apply APA standards to citation of sources.
In this activity, you will present 10 activities that can be used to teach 1 lab exercise online. To complete this activity, select 1 exercise we completed this semester (1 exercise not 1 week). Then, develop 10 activities to teach this exercise. These must be original; you may not use any of the activities we completed during this lab or the ones accompanying the lab manual or myaandp website. You may find activities online or develop them yourself. If you find these online, they must be from an educational website (another school, educational organization, etc.). Remember, these activities must be for an online class. They cannot include activities where students must meet together or come to campus. You can design activities to be completed at home as long as the materials needed are household supplies and do not require students to purchase expensive items. You may use other resources you have, but you must make sure that these are resources available to all other students. (You may not reference other textbooks because other students may not have that particular book. For example, your lecture textbook, not all students taking online lab are taking the lecture also. Some are taking it from different instructors who use a different textbook. They may not have access to the particular book you are using.)
In presenting this assignment, you will need to develop a name for the activity, write a short paragraph describing the activity, provide instructions for completing the activity (if needed), and identify the source for your activity. This information must be provided for each of the 10 activities you present. Follow this format on the for submitting. Please submit as a Microsoft word file.
This activity will be worth 25 points. You will receive 2.5 points for each activity you present. You will be graded on quality of activity (1pt), desciption of activity (1pt), and source (0.5pts). You will receive partial credit for activities submitted.
Instructions
Indicate the effect(s) of each of the foregoing items on the subdivisions of stockholders’ equity. Present your answer in tabular form with the following columns. Use (I) for increase, (D) for decrease, and (NE) for no effect. Item no. 1 is given as anexample.
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