15. Question: : (TCO D) On January 1, Martinez Inc. issued $3,000,000, 11% bonds for $3,195,000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Martinez uses the effective-interest method of amortizing bond premium.
4. Norton Co., a U.S. corporation, sold inventory on December 1, 2011, with payment of 10,000 British pounds to be received in sixty days. The pertinent exchange rates were as follows: What amount of foreign exchange gain or loss should be recorded on January 30? A. $1,516 gain.
Berry’s Bug Blasters Ratio Analysis Memo ACC/291 Principals of Accounting II MEMO To: Berry’s Bug Blasters CEO From: Accounting Dept (Team B) Date: September 16, 2013 Re: Ratio Analysis Accounting Team B conducted a ratio analysis of Berry’s Bug Blasters to express the relationships among selected items of financial statement data. Ratios express mathematical relationships between one and another is expressed in terms of percentage, rate, or simple proportion. We used ratios to evaluate liquidity, profitability, and solvency. Listed below are the findings from the ratio calculations. The analyses reveal many things about the company’s financial position and performance, and also which users are interested in each type of ratios.
[Type the company name] | Research Project | Wal-Mart and Target | | | 4/14/2011 | The document presents an overall research of two major retail stores in the Unites States: Wal-Mart and Target. It presents information regarding their business strategies concerning manufacturing and distributions channels, identify their comparative advantages, recognize new goals, compare their strategy marketing strategies and ethical values, and a final comparison and identifying who is the benchmark. | Wal-Mart Wal-Mart Stores, Inc is a multinational corporation that consists of 8,500 retail stores across the United Sates and 15 other countries. The company was founded by Sam Walton in 1962 with the philosophy of high volume low cost items in small towns. It later expanded to cities to gain more market share.
The present value of a four-year annuity due of $10,000 at a 6 percent annual rate is $36,700. The present value of a four-year annuity due of $10,000 at an 8 percent annual rate is $35,770. What liability should Ace report on its December 31, Year One, balance sheet? 1. $0 2.
Annual Sales Data | | 2011 | 2010 | 2009 | 2008 | 2007 | Net Sales (1,000′s) | $ 418,952,000 | $ 405,132,000 | $ 401,087,000 | $ 373,321,000 | $ 344,759,000 | YoY % Chg | 3.4% | 1.0% | 7.4% | 8.3% | 11.6% | Same-Store Sales Chg | -0.6% | -0.8% | 3.5% | 1.6% | 2.0% | | Walmart reported net income of $3.80 billion ($1.09 Diluted EPS) for the second quarter ended Jul 31, a 6% increase from a year ago. Net sales increased 5.5% to $108.64 billion, while U.S. same-store rose 0.8%, the 2nd consecutive gain after 7 straight declines, while excluding fuel comparable sales were flat as U.S. comps at Walmart were down 0.9%, offset by an 9.1% increase (4.6% ex fuel) at Sam’s Club. Supply The supply for the merchandise products is increasing. Wal-Mart Stores Inc. is the world's largest company, and it is expanding in the market over the years. Walmart has succeeded to reduce the cost for its products that made a shift in the supply to shift to the right.
One of Sam Walton's techniques for change is technological changes. By the 1990's the organization had been so successful and had more increasing growth than any other department store in the United States. Wal-Mart's product categories include: soft goods (apparel, linen and fabrics) accounts for 29% of sales, hard goods (hardware, house-wares automobile supplies, and small appliances) constitutes 28% of sales, candy (11% of sales) sporting goods and toys (10%), health and beauty aids (9%), gifts, records, and electronics (5%), shoes (3%), pharmaceuticals (3%), and jewelry (2%)." Wal-Mart provides consumers with "Everyday Low Prices" (Walmart.com). The price sensitive merchandise allows customers to get more for their dollar.
Eric Allen 6/16/2015 FIN 3400 Professor Rusell MACY’s, Inc. vs Express, Inc. The two stores I decided to compare for my financial ratio analysis was Macys, Inc. and Express, Inc. These are both indeed clothing stores however they entail very different aspects about one another. Express consists of over 600 stores in the United States and renders around $1.8 billion in sales on an annual basis. Macys on the other hand is known on a more international level with 789 department stores and also named the 16th largest retail store in 2012.
Round your answer to 2 decimal places. (e.g., 32.16)) | Ngata Corp. issued 12-year bonds 2 years ago at a coupon rate of 9.6 percent. The bonds make semiannual payments. If these bonds currently sell for 99 percent of par value, what is the YTM? | | 8.78% | | 10.73% | | 11.71% | | 9.76% | | 4.88% | Redesigned Computers has 10 percent coupon bonds outstanding with a current market price of $910.00.
These displays and advertisements really makes people want to come in and check out the deals that they have seen on those advertisements, so Target really drags people into their stores. Dissimilar form Wal-Mart, Target has no cheaper label to sell costumers the same individual features like the “Great Value” label, so that make Target more expensive than Wal-Mart. In Target if you find something cheaper than in their stores they will not make override it to make it the same price. The similarities between Wal-Mart and Target is that they both huge and powerful corporation stores. There are about 1,591 Target stores in the country, and about 9,600 Wal-Mart stores In the United States.