Bob Evans Farms Inc. has posted overall positive quarterly results during its prior fiscal year. It has continued to report positive net income and repurchased 1.3 million shares of its company to better control and manage it's next business ventures. Thus, the board authorized pursuit of a $200 million sale-leaseback transaction to select portions of its properties. Additionally, the company has reported a 21 percent increase in the first quarter's 2016 non-GAAP operating income that reflects…
Dr. Paz, Home Depot was enjoying the early years of the 21st century when the United States housing market was booming. However, due to the slow down in the real estate market in 2006, they announced that revenues for the first half of 2007 were 3 percent lower than revenues for the first six months of 2006. In addition, their earnings for the first half of 2007 were 21 percent lower than for the same period in the prior year. I will explain how a 3 percent decline in sales could cause a 21…
Narrative- On 1Nov16 at 1140 hrs. I, Deputy Halbasch, was asked to speak with Laura Pike in the LEC lobby as she was reporting a scam. Laura informed me she is the owner of Origami Owl Custom Jewelry & she had been in contact with a customer, Terri Colquitt, who was looking to make a purchase. During their email & text conversations, Terri was looking to make a $96.00 purchase & she was going to be sending a check to Laura. When the check was received, it was in the amount of $1850.45. Laura…
Cassidy Donelan Professor Henry BACC 3110 15 October 2015 Case #1 – Aetna, Inc.’s Critical Accounting Policies Critical accounting policies for firms or industries are policies having a high level of subjectivity, bearing a material impact on financial statements. These estimates, required by the Securities and Exchange Commission (SEC) are outlined in the Management’s Discussion and Analysis (MD&A) section of each company’s 10-K filing as of 2002. The SEC, in requiring these estimates to be…
Rio Tinto is a leading global mining and metals group that focuses on finding, mining, processing and marketing the Earth’s mineral resources. (Anon., 2016) Rio Tinto plc/ Rio Tinto limited are listed in London and New York Exchange list as well as in Australian Security Exchange. Rio Tinto operates in more than 40 countries and employs more than 55000 employees across all operations -open pits, underground mines, mills, refineries, smelters, power stations, and various research and service…
There are many misconceptions about the music industry, that the artist receives all royalties and they make millions off these royalties. Many individuals believe that it is companies such as Spotify and Pandora are the reason that no body pays for music anymore or that more friends on social media they have will allow them to be discovered quicker and earn them more money. I have always wondered about how artist and record companies get paid and now I have all the answers, and you do too.…
Chase banks offers three different types of bank accounts including Chase Savings, Chase Plus Savings, and Certificates of Deposit. Chase Saving has many benefits such as FDIC insurance protection, there are more than 16,000 Chase ATMs and 5,200 branches nationwide, and it earns interest. The interest rate for a Chasing Saving account that applies to all balances is 0.01%. The Chase Saving account is the regular, day to day account in which you may deposit your money, and withdraw it whenever…
he Income Summary account is used to Close the revenue and expense accounts. The income summary account is a transitional account into which all income statement revenue and expense accounts are transferred at the end of an accounting period. The net amount transferred into the income summary account equals the net profit or loss that the business incurred during the period. Thus, shifting revenue out of the income statement means debiting the revenue account for the total amount of revenue…
Please see a number of points I would like you to take into consideration when reviewing my unclaimed shift allowance, as detailed above. I accept full responsibility for not processing this allowance at the time however, I would like to provide you with some background information prior to when I returned to collections as a CAD in January 2013. · I had not previously claimed shift allowance since 2010, as a call taking associate working part time I did not fit the criteria to claim.…
There is a common myth that consumers tend to believe. They believe that credit cards could help them build up their credit. Is this really true? According to Steve Repak, it is not true. Having a credit card does not actually boost someone’s credit. In his article, “The A to Z of Credit and Credit Cards”, Mr. Repak brings up some solid facts that support the claim that having a credit card does not necessarily mean that a consumer will have good credit. In the article, he describes the literal…