MEMORANDOM TO: Shareholders From: Carpino Company Corporate Office Date: February 10‚ 2007 Subject: Annual Report CC: Board of Directors It is with great pleasure to report Carpino Company’s financial results in our first year of business. The purpose of this memo is to clarify the attached Statement of Cash Flows and provide a brief synapsis of this year’s results. Although at first glance you may notice that Carpino Company had a net loss $30‚000; this is not necessarily cause for
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Missing Appointments According to Sondra Brown‚ Tripler Army Medical Center Public Affairs‚ rate of No Shows for military treatment facility appointments are at an average of 5.78% and have reached as high as 9.01%. Those kinds of numbers are a very shocking wake up from an otherwise peaceful appointment making process. If you take into account the amount of appointments being made every day‚ the nearly 6% missed ones really start to add up. Soldiers have access to a variety of professional care
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Executive Summary GAAP‚ generally accepted accounting principles‚ are the rules for preparing the financial statements. There are specialized professionals FASB‚ SEC‚ AAA‚ FEI‚ IMA‚ AIMR and others for developing GAAP. There are 13 principles for preparing Financial Statement. Business Entity Principle requires business to be separated from owner of the business. Going Concern principles requires the business to assume that the business will for long time. Revenue Recognition Principle considers
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will be punished: the student involved will be assigned zero points on this exam. Good luck! Student Name: ……………………………………… Grade: ……… / 20 ______________________________________________________________________________ Exercise 1: Pierce Company reported net income of $200‚000 for the current year. Depreciation recorded on buildings and equipment amounted to $80‚000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:
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The Global impact of Financial Markets By Parrish Cruz The Global impact of Financial Markets By Parrish Cruz The world as a whole is affected by the actions or lack of actions by the other. What we do today has an accounting for tomorrow whether we wish to accept that as a fact or not. To say that the Global impact of financial markets is somewhat backwards in statement. The real truth of the matter is the fact that when you look at the financial markets you see right away
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Course Name: Financial Statements Analysis Semester: III Faculty Name: Room No: F-206 Wing No: F Block Consultation Hours: between Mobile No: 98494 68134 Email: lnpappu@hotmail.com Course Objective: To enable students have an in-depth understanding of analysing Financial Statements including various assets‚ liabilities‚ and equity. To enable the student to extend the understanding of analyzing and interpreting financial statements of all types
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FIN3113—Chapter 3 Working with Financial Statements 1. BC Corporation has 1‚800‚000 shares outstanding & earned $2‚700‚000 last year on assets of $20 million & equity of $15 million. What is the PE ratio for BC if the stock is currently selling at $18 per share? • 12 • EPS=$2‚700‚000/1‚800‚000=1.5 & PE is price per earnings (18/1.5)=12 2. Which of the following are traditional financial ratio categories? • Profitability ratios‚ financial leverage ratios‚ turnover ratios
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Dear Journal‚ I am stranded on a desert island with a group of rude and immature boys‚ and no responsible human being knows I am here. The atmosphere of the island is not very good for my asthma. It is hot and humid‚ so it’s hard to breathe‚ and I can’t even go swimming to cool off‚ because my Auntie says I can’t on account of my asthma. The first boy I met on this island was Ralph‚ who seems completely disinterested in everything I say. The only thing that caught his interest was when I told
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needs of their current and future customers. In order to continue to grow and meet the needs; Walgreen is focusing on Organic store growth‚ and taking in consider acquisitions; increasing market share through innovation and execution; Leveraging the companies economic size;
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The 3 Principal Financial Statements I. The balance Sheet Snapshot of the financial condition of a firm - Measured on a given date ASSETS = LIABILITIES + EQUITY • Assets : What you have - INVESTING - USES • Liabilities : What you owe - FINANCING – SOURCES a) Assets • An asset is a resource that has a potential future economic (i.e. generate future cash inflows or reduce future cash outflows). • An asset is recognized when: It is acquired in a past transaction or exchange The
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