Income statement

Consolidated Electric Case Study: Report Discussion Question 1: Design an inventory control system for this business Consolidated Electric is a whole sale distributor of electrical equipment’s and supplies to electronic contractor owned by Joe Henry with an average sale of 20,000 line items. The current inventory method supported is a manual Cardex System which is outdated and not a cost effective way to manage the company inventory system. It is an Independent demand system which is directly…

Ratio analysis When evaluating the performance of ORL, financial ratio from different aspects will be considered together. 1. Profitability 1.1 ROE ROTON’s ROE has experienced fluctuation through the three financial years. The highest value represented the amount of 84.9% in 2011; on the other hand, the lowest value pointed 66.5% in the last financial year. The ROE of OROTON is sliding from 2011 to 2013. The downward trend indicates the management of ORL might not well manage the profits based…

Clever Answers To Very Tough Interview Questions Here are a number of examples of tough interview questions and their associated answers. Sometimes, it is not a matter of saying what “sounds” right. For example, if you are asked how many hours you usually work per week, you may think it sounds good if you say you work a lot of overtime. Instead, you could say, “However many are needed to get the job done.” It sounds like an evasive answer, but it also has power behind it. Are you looking to…

be further examined due to unfairness on the behalf of the company’s decision. Your letter was approximately four pages long with an attachment of supporting documents to corroborate your claims. One claim made in the letter is that one’s salary or income should not commensurate whether an individual should be a recipient of the products offered by our company. Rather, one’s actual…

ConocoPhillips Is Making the Wrong Move ConocoPhillips’ (COP) financials clearly indicate the weakness that the company is seeing in its business. For instance, in the second quarter of 2015, ConocoPhillips had reported a net loss of $179 million i.e. minus $0.15 per share as compared to positive earnings of $2.1 billion, or $1.67 per share in last year’s second quarter. Post adjustment for some items like deferred tax due to amendments in Canadian tax laws and non-cash impairments, the…

Roasters. Starbucks collects its average accounts receivable more frequently than Green Mountain. Starbucks will collect their average accounts receivable in fewer days. Chapter 9: Financial Statement Case 9-1 on p. 601 1. The Starbucks Corporation is using straight-line depreciation for their financial statements and for their tax purposes I believe they use double declining depreciation. 2. 523.3 million is the amount of depreciation and amortization expense for the year ending October 2, 2011…

Looking at Ocado’s annual reports, it is possible to derive information on its internal finance which consists of items such as inventories, trade receivables, trade payables and other items. In order to further analyse these sources of finance, calculations have been composed. Under inventories, consumables have not been taken into account due to the fact that they are defined as being goods which must be replaced regularly, whereas, regarding trade receivables, a deduction of £1.7m has been…

“Where Education Comes To Life” 2 Write a policy for use of petty cash in this office. Include items you think might be paid from a petty cash fund. Petty Cash Policy PURPOSE This policy defines the policies and procedures to be followed when starting, administering and ending the use of petty cash funds for small incidental cash purchases by employees for an amount up to $100.00. The company’s policy is to create a petty cash fund for a department when appropriate to improve operations based on…

As the Army reduces its personnel strength numbers to prewar levels, leaders at all echelons must understand that every Soldier assigned to their unit counts. The loss of Soldier’s is and will be the largest resourcing shortfall in the Army moving forward. The Army’s current personnel reduction from wartime highs to smaller prewar levels is a massive culture shock for many brigade and company commanders. Soldiers have undergone separation boards forcing them to be involuntarily separated. These…

Luigi Vittatoe Dr. Donald Majors EAC2212 Accounting 2 February 23, 2016 Week 7 Discussion What dollar amount did Neosho receive upon the sale of the JMB stock? Explain why both stockholder Linton and President Cedeno are correct? Neosho received $1,468,000 upon the sale of the JMB stock. With 30% ownership the investment and earnings of JMB Company are recorded using the equity method. With an original investment of $1,300,000 plus the earnings since acquisition, 1,240,000 + 520,000 = 1,760,000…