• What amount of accounts payable did the company have at the end of its 2 most recent annual reporting periods? Accounts payable are the obligation the organization has to its creditors. Any money that is owed, invoices, bills, and statements that are owed to by outside contractors are accounts payable. In June 11, 2011, the accounts payable amounts for PepsiCo were 3,865.00. In March 19, 2011 the accounts payable were 2,881.00.
Husky used annual observations from 20 prior years to estimate each of the four equations. Following are a definition of the variables used in the four equations and a statistical summary of these equations: St = Forecasted sales in dollars for Lockit in period t St–1 = Actual sales in dollars for Lockit in period t – 1 Gt = Forecasted U.S. gross domestic product in period t Gt–1 = Actual U.S. gross domestic product in period t – 1 Nt–1 = Lockit’s net income in period t – 1 Required: 1. Write Equations 2 and 4 in the form Y = a + bx. 2. If actual sales are $1,500,000 in 2009, what would be the forecasted sales for Lockit in 2010?
Dividends, Financial Reporting and Auditors - Rules about payment of Dividends, financial reporting obligations of Companies, Duties of Auditors to the Company and Third Parties. 10. External Administration - The process of external administration via receivers, voluntary administrators, liquidations and voluntary winding up. 11. Revision Class Program Week/Session Dates Description 1 30 Jul Seminar Topic Company Law in Context Prescribed Reading Lipton & Herzberg Ch 1, pages 1-23; Ch 21, pages 735-745 Recommended Reading Harris, Hargovan and Adams 3rd Edn.
Week 5 Problem 3 Carri Gradisca FIN/370 – Finance for Business August 6, 2012 Professor Shadi Sifain Week 5 Problem 3 A firm’s current balance sheet is as follows: Assets: $100 Debt: $10 Equity: 90 a. What is the firm’s weighted-average cost of capital at various combinations of debt and equity, given the following information? Debt/Assets | After-Tax Cost of Debt | Cost of Equity | Cost of Capital | 0% | 8% | 12% | 12.00% | 10 | 8 | 12 | 11.60% | 20 | 8 | 12 | 11.20% | 30 | 8 | 13 | 11.50% | 40 | 9 | 14 | 12.00% | 50 | 10 | 15 | 12.50% | 60 | 12 | 16 | 13.60% | b. Construct a pro forma balance sheet that indicates the firm’s optimal capital structure. Compare this balance sheet with the firm’s current balance sheet. What course of action should the firm take?
Assume that the subsequent audit and / or additional tax and penalties result from the taxpayer’s use of an inventory reserve account, applying a 10 percent reduction to inventory over three (3) years. Discuss the applicable federal tax laws, regulations, rulings, and court cases related to the inventory write-downs, and explain the specific relevance of each to the
28, 2013 | Sep. 29, 2012 | Sep. 24, 2011 | Net sales | $ 170,910 | $ 156,508 | $ 108,249 | Cost of sales | 106,606 | 87,846 | 64,431 | Gross margin | 64,304 | 68,662 | 43,818 | Operating expenses: | | | | Research and development | 4,475 | 3,381 | 2,429 | Selling, general and administrative | 10,830 | 10,040 | 7,599 | Total operating expenses | 15,305 | 13,421 | 10,028 | Operating income | 48,999 | 55,241 | 33,790 | Other income/(expense), net | 1,156 | 522 | 415 | Income before provision for income taxes | 50,155 | 55,763 | 34,205 | Provision for income taxes | 13,118 | 14,030 | 8,283 | Net income | $ 37,037 | $ 41,733 | $ 25,922 | Earnings per share: | | | | Basic | $ 40.03 | $ 44.64 | $ 28.05 | Diluted | $ 39.75 | $ 44.15 | $ 27.68 | Shares used in computing earnings per share: | | | | Basic | 925,331 | 934,818 | 924,258 | Diluted | 931,662 | 945,355 | 936,645
Did the Labor Contracts Between the UAW and The Big Three Automakers Work? American Journal of Business Education Cascio, W. (2010). Managing human resources: Productivity, Quality of Work Life, Profits (8th ed.). New York: McGraw-Hill. Ch3.
FM421 – Applied Corporate Finance Case Study: Tottenham Hotspur plc 25th January 2013 201128545 201125438 201121479 201119785 201130179 201129057 1) Valuation based on Discounted Cash Flow In order to perform a DCF approach we first calculated the WACC and then the FCF. WACC WACC= rd(1-t)*[D/(D+E)] + re*[E/(D+E)] t = 35% (from the case, exhibit 1) rd= rf= 4.57% (exhibit 1, assuming β of debt = 0) Net Debt/EV=0.11 (EV = Market Value of Equity + Net Debt) re= rf+βe*(rm-rf)= 4.57%+ 1.29*5%=11.02 (under CAPM assumptions) [E/(D+E)]= 1-0.12=0.88 WACC= (0.0457)*(1-0.35)*0.11 + (0.1102)*0.89= 10.12% Free Cash Flow FCF= EBIT(1-t) – CAPEX – ΔNWC + Depreciation As EBIT and tax rate are given we have to calculate the ΔNWC. ΔNWC=Inventory + A/R – A/P As accounts receivable and payable are sensitive to sales changes, we assume that A/P and A/R change but their ratio to sales remains constant over time. We assume the same for the ratio of inventory/merchandise sales. (A/P)/Sales= 19.99/74.1 = 0.26977058 (A/R)/Sales= 64.4/74.1 = 0.869095816 Inventory/Merchandise sales= 1.17/5.2=0.225 We then multiplied the ratios for the equivalent factors (sales and merchandise sales) on the pro-forma balance sheet for the years between 2008 and 2020 and found the ΔNWC for every year.
Enterprise System Research assignment Enterprise System Research assignment Integration Integration Profits Profits CRM CRM HR HR Finance Finance Marketing & Sales Marketing & Sales Table of Content ERP System 3 Key Components of Enterprise System 3 Actual Components 3 Functional Areas 4 Benefits and costs of ERP system Implementation 5 Comparison between SAP, Oracle and Microsoft Dynamics 6 ERP Implementation cases 8 Executive Summery 9 Background 9 Hewlett-Packard 10 Motivation for Implementation 10 Launch Strategy 10 Implementation Issues 10 Results of Implementation 11 Chatzigeorgiou GP 12 Motivation for Implementation 12 Launch Strategy 12 Implementation 13 Results of Implementation 13 Comparison of the two companies 14 Conclusion 14 Resources 15 ERP system Enterprise Resource Planning (ERP) software applications act as the central company-wide information system. ERP systems integrate all of an organization’s departments, divisions, lines of business and geographical locations into a single, shared, unified and enterprise-wide information system. Key Components of Enterprise System Actual Components * Transactional database * Management portal/dashboard * Business intelligence system * Customizable reporting * Analyzing * External access via technology such as web services * Search * Document management * Workflow management Functional Areas ERP software typically has Accounting, Business Intelligence, Financial Management, Procurement, Inventory & Stores Management, Sales & Distribution Management, Manufacturing, Human Resources Management, Project Management and Customer Relation Management Modules. Functional Areas | Contents | Finance/Accounting | It is the production of information about
Appendix……………………………………………………………….. 8 IV. References and Endnotes……….………………………………. ……... 10 I. Summary Key Performance Indicators: • • • Revenue (2013): $146.0bn Revenue Growth (12-13): -0.4% EBITDA-Margin (2013): 19.2% • • • EBITDA-Growth (12-13): -2.5% LT-Debt/Equity (2013): 1.7 Employees (2013): 307,000 The company in focus is the General Electric Corporation (“GE”). Headquartered in Fairfield, Connecticut.