GM 591: Leadership and Organizational Behavior Project Proposal The organization that will be the topic of discussion in my final project paper is Jackson Hewitt Tax Service. Jackson Hewitt Tax Service is an industry leader providing full-service individual federal and state income tax return preparation through approximately six thousand- six hounded franchised and company-owned offices throughout the United States. At Jackson Hewitt Tax Service, preparing tax returns is what we do. We’ll take the time to ask the right questions and find all the deductions and credits you deserve, no matter what your occupation. Which leads to more money in our clients pockets.
This expense increased over 4 times the amount recorded in 2003. Also interest expenses doubled from 2002 to 2003. If outstanding debt increased on the Balance Sheet, this will substantiate this increase in interest expense. The income statement is important because it gives your data for management to make business decisions based on income of operations. The Net Income that is reported on the income statement is also
Distribution expenses rose significantly in 2010 by 10.12% from 1.18% in 2009.This was as a result of Hurricane Tomas in 2010 as the distribution network was significantly impacted when several power lies were damaged. Appendix 4 showed the comparative balance sheet statements. Cash rose significantly from 22% in 2008 to 105% in 2009 and fell off again in 2010 at 50%. During that period, it was noted that the collection of accounts receivable contributed
Memorandum From: 601745 To: Raquel Wilhelm Date: February 5, 2013 Re: Jones Blair Company Recommendation: Jones Blair Company (JBC) should add another sales representative to focus on new accounts, while pushing their current sales representatives into being more aggressive to gain new accounts. Problem Statement: Should Jones Blair Company, a manufacturer of architectural paints, advertise more to Do-it-yourself consumers in the DFW area or non-DFW area? Facts: JBC Positives: In 2004, sales volume for JBC reached $12 million. JBC’s dollar sales also increased at an average annual rate of 4% each year over the past decade. JBC has been very successful in maintaining their price margins, even with increased research and development as well as material and labor costs.
ACC 420 International Case Juliana Goes Eboli Technology has made it possible for corporations to create a global market rather than a local/regional market. This economic globalization brought many challenges to the accounting profession; since each country used to have their own accounting rules, it became a challenge for companies to report their financial position in a way that could be understood and compared by investors. It was based on this notion that the International Financial Reporting Standard was created. Around 120 nations, including the European Union, Brazil, Canada and Russia (Benjami, 2012), have already adopted the IFRS. China and Japan are expected to adopt IFRS by the end of next year.
Assignment #3: Foreign Market Entry and Diversification NAME Professor BUS 499, (5/13/2012) 1. Identify and discuss the trends in the global beer markets. In markets where beer consumption is often tied to disposable income, there has been significant growth in the global beer market that is comparable to the overall economic recovery in that region. “The international beer market staged something of a recovery in 2010 with global beer consumption increasing by 2.4%. This marks a dramatic improvement on the 0.5% growth seen in 2009, but is still well below the 5%+ growth rates seen earlier in the decade” ("Global Beer Trends Report 2011", 2011).
Krispy Kreme has tampered with its financial statements ranging from 2000 to 2004 when they could not make its revenue targets to satisfy Wall Street. We found many discrepancies from the years after analyzing the income and the balance sheet statements in Exhibit 1. The balance sheet and the income statement had undergone major changes, particularly in years 2003 and 2004. While examining the balance sheet, we noticed the cash account nearly tripled from 2001 to 2004, total equity exceeded debt hence the reason for the low debt to equity ratio. The income statement’s total revenues doubled in two years due to their unusual growth.
BP's total debt has increased over the past five years. The company reported a five-year low of $31.045 billion in 2007, and a five-year high in 2010 at $45.336 billion. In 2011, the company reported a total debt of $44.213 billion, which was an increase of 42.42% over 2007. (2012.02)”Financial Performance”. While BP is based in London, and Exxon in the US.
Ratio Analysis From 2006 to 2007 Britvic’s net profit rose by 0.3% while gross profit fell by 1.05%, therefore production cost was reduced, which can be due to the deal with C&C (Magners cider maker) and the acquisition of Ballygowan water which brought a cost saving of €14m. Over the past 5 years, 2010 achieved one of its highest gross profit 55.3% and net profit was never so high at 7%. The deal with C&C also made Britvic’s share prices raise and it reached its highest price (399p) over 2 years period. As many companies, Britvic in 2008 was also affected by the global economic crisis and in that year gross profit fell by nearly 8% but net profit was not affected as much. Britvic’s pubs trade was also affected by the recession, company shares fell to its low in 5 years, reaching 222.25 p, a difference of 165p comparing with previous year.
Old press – Originally purchased 3 years ago at an installed cost of $400,000, it is being depreciated under MACRS using a 5-year recovery period. The old press has a remaining economic life of 5 years. It can be sold today to net $420,000 before taxes; if it is retained, it can be sold to net $150,000 before taxes at the end of 5 years. Press A – This highly automated press can be purchased for $830,000 and will require $40,000 in installation costs. It will be depreciated under MACRS using a 5-year recovery period.