Cooperative principle

Financial Statements “The essence of the entity theory is that creditors, as well as stockholders, contribute resources to the firm, and the firm exists as a separate and distinct entity apart from these groups,” (Schroeder, Clark, & Cathey, 2014, p. 517). Entity Theory Income Statement: Revenues: $450,000 Cost of Goods Sold: $220,000 Gross Profit: $230,000 Operating Expenses: $64,000 Net Income: $166,000 Entity Theory Balance Sheet: Assets Equities Current Assets:…

The MD&A section of the financial statement were consistent with my research results. Netflix is an emergent company that is attempting to expand their services worldwide. With this expansion comes an internal growth within the company, but it also come with a rise of costs within the operation that is becoming dangerous for Netflix. This is illustrated in Netflix’s financial reports. You can clearly see the growth of Netflix in their balance sheet. Every year their total assets grow at least…

The aspects this report will analyze from the income statement of Estee Lauder are; earnings per share, gross profit rate and the profit margin. Earnings per share is calculated by dividing net income minus preferred dividends by the average number of common shares outstanding during the year. EPS for Estee Lauder are $2.87 in 2015, $3.12 in 2014, and $2.64 in 2013. From 2014 to 2015, Estee Lauder’s earnings per share decreased, which seems bad, but through further research, the reason for this…

Business owners need to have a strong relationship with their employees. There are many steps on how to have strong relationships with their employees. Step one can say to have an open door policy for their employees. They need to make sure their employees feel comfortable around him or her to come to them with new ideas, concerns, or even complaints if needed. The second step is to let them know that you are there. Communicate with their employees and make sure they feel like they can come to…

BALANCE SHEET ANALYSIS SECURITIES, INVESTMENTS, AND OTHER Securities, Investments, and Other 2016 2015 2014 2013 Change Balance Sheet 9,069,209 8,360,290 7,737,748 7,118,504 1,950,705 Vertical Analysis 54.69% 52.80% 50.46% 50.09% 4.30% Horizontal Analysis 127.40% 117.44% 108.70% 100.00% 27.40% When looking at the vertical analysis of Sony’s balance sheets, the biggest change is in securities, investments, and other, which encompasses the company’s investments, as well as their sales and…

Balance Sheet By definition, a balance sheet is a statement of an organization showing its financial position during a specific date or often at the end of every year. As such, it analyzes the assets, credits, and equity of the business to give the manager an overview aspect of the business. The major essence of a balance sheet is that it gives the manager or investors an idea of the company’s strengths and weak points and the amount invested by shareholders. Also, the main ideology driving the…

Financial reporting communicates what a company’s financial and operational condition is at any specific time. To make the reporting clear and concise, the Financial Accounting Standards Board (FASB) created the Generally Accepted Accounting Principles (GAAP) which is a set of standards that includes a set of codes that provide structure and organization. (Spiceland, Sepe, & Nelson, 2013, pg. 10) Similarly, international countries have created their own set of accounting standards. However, in…

Introduction The purpose of this report is to analyse and report on the financial performance of Sioux Appliances. It was requested by Baz, the sole owner of Sioux Appliances, and is to be submitted by Friday 5th of June, before 5:00 p.m. The scope of this report includes discussing the factors of: Profitability, Liquidity, Stability, and Asset Utilisation. The report is only restricted to the aforementioned points as there was a constraint on time frame so other topics could not be covered. A…

Netflix Financial Statement Analysis The online video streaming media has been in demand. But the most popular and shown to be on top of its competitors is Netflix. The company’s financial statement will be explained on how much of their success has increased in the past few years. Every company would like to expand their business and aim to be the best and the most successful they can be. But, being successful also includes taking risks. For example, taking a loan from a creditor. If a…

The City of Milwaukee Department of City Development (DCD) is a governmental agency in charge of promoting conditions within the City of Milwaukee to increase development, resulting in the creation of jobs and wealth. It helps promote development by encompassing current and future economic conditions to foster residential, commercial, and industrial development. It is also in charge of implementing strict environmental and ecological regulations during any planning and development scenarios.…