JCPenny is a retail store that sells clothing, shoes, jewelry, houseware, and much more. JCPenny is a publicly traded stock, meaning anyone can purchase their stock. When JCPenny was first founded in 1902, it was very popular among Americans and was succeeding. They had opened more than 2,000 stores by 1973, 19 of them being outlet stores. Their business continued to grow until 2010, they then began to fall into a depression.…
The food inventory would also be a capital expenditure. Their food inventory would be one of the biggest capital expenditures because Papa Geo’s will continue to go through food on a daily basis. * * * 4.0 Investment Analysis 4.0 Investment Analysis * * 4.1 Cashflows Year | Net Annual Cash Flow | | | | | Cost | (250,000) | | | |…
ACC 201 Final Project Part II Bank Memo Stephanie Annis Southern New Hampshire University To: The Bank Manager From: Stephanie Annis/CFO of Peyton Approved Date: 09/30/2014 Subject: Business Expansion Loan Peyton Approved is a company that manufactures home-made all-natural and hypoallergenic dog treats.…
Kohl’s Corporation has a market cap of $ 12,150,841,350 billion, and it is one of the successful store chains in the United States. It offers a variety and exclusive merchandise to customers in an exciting and friendly environment (www.kohlscorporation.com). Also, Kohl’s keeps low retail prices through a low-cost, limited staffing, structure and continuing management information systems, as well as advertising. I use the DuPont analysis for Kohl’s Corporation in order to determine where the company is strong or weak such as the inventory, margins or debt structure. As the results of the DuPont analysis, Kohl’s has a higher ROE for 2010 and 2011 compare to JC Penney; for this reason, Kohl’s earns on shareholder equity for both years.…
AggiePride Nationwide, assistant chief accountant at Martin Company, is trying to prepare a trial balance so that the quarterly financial statements can be prepared and released to management and regulatory agencies. Agg-ie noticed that the total credits on the trial balance exceeded the debits by $1,000. She added the amount of the difference in the Equipment account, the largest account percentage-wise, in order to force the debits and credits to balance. She assumes that her actions of plugging in the difference into the account will not affect anyone’s decision. a) The stakeholders in this situation are AggiePride Nationwide, Martin Company, management, and regulatory agencies.…
Heather Hastings 761 Golden Oak Circle, Crystal Lake, IL 60014 Student#: 53587431 Project #: 50089600 Senior Capstone, BUS 450 Case 2: Motomart Heatherhastings0328@gmail.com Step 1 When looking at tables 3-5, yes, some of the amounts do appear to be odd. Over the five-year period, the company’s operating profits had consistently declined. However, in 1987, the loss slightly decreased compared to the previous year’s decline.…
Can Montgomery Enterprises be liable under the doctrine of respondeat superior if employee Sean Fleming got hungry at work, proceeded to get into a car accident on the way to a cookie store, during an on-the-clock fifteen minute break from his duties as a cashier, that do not require him to drive, and Montgomery Enterprises had an on-site break room with a fridge but without food? BRIEF ANSWER FACTUAL BACKGROUND Sean Fleming (“Fleming”) is an employee of Montgomery Enterprises (“Montgomery”). Fleming works as a cashier and his duties include ringing up merchandise, selling small appliance and renting videos. During Fleming’s work day he receives a forty-five minute unpaid lunch break.…
In recent years, Mrs. Acres Homemade Pies has expanded operations to meet growing consumer demand. The company has increased both production and sales, however, demand has continued to grow, and has reached a point beyond the production possibility of Mrs. Acres Homemade Pies' facilities. At this juncture, the business plan for Mrs. Acres Homemade Pie's must be re-evaluated to meet customer demand. Supply and Demand for Mrs. Acres Homemade Pies Currently, demand for Mrs. Acres Homemade Pie's is exceeding the amount that can be supplied. The excess demand connotes that the pies are currently underpriced.…
Dynashears manufacturers a complete line of household scissors and industrial shears, and distributes their goods through jobbers to specialty, hardware and department stores. A cyclical business, Dynashears deals with a period of high sales during the months of July to December. By nature, cyclical businesses like Dynashears engage in short-term borring from banks to finance the additional working capital needed to support high sales periods. Dynashears is usually able to pay back its short-term loans by the end of the year. However, due to the economic recession, Dynashears sales began to not reach the projected level in July 1990.…
When looking at the banks borrowed funds, in the first quarter the bank has no borrowed funds, but by the end of the second quarter there were borrowed funds of 7.494. This is unfavorable because borrowed funds tend to be very costly. Other liabilities grew throughout the year; on 3/31/19, other liabilities was at 24.426, but at the end on 12/31/19 it was at 28.973. This increase means…
Capital Structure Debt and equity are the principal components of a company’s long term capital and capital structure describes this composition (combination of debt and equity) of the company’s permanent/long term capital. Capital structure is an indicator of how a firm finances its overall operations and growth using the different sources of funds available. It is a mix of long-term debt, short-term debt, common equity and preferred equity. Debt is in the form of bond issues or long-term notes payable while equity can be common stock, preferred stock or retained earnings. The proportion of short and long term debt is considered while analyzing the capital structure.…
Oct. 1 Pete Hanshew begins business as a real estate agent with a cash investment of $15,000. 2 Hires an administrative assistant. 3 Purchases office furniture for $1,900, on account. 6 Sells a house and lot for B. Kidman; bills B. Kidman $3,200 for realty services provided. 27 Pays $700 on the balance related to the transaction of October 3.…
Isaac Neal Be Our Guest, Inc. Party Rental Equipment Service Marketing Analysis: Be Our Guest, Inc. is a company that rents out party equipment, such as tables, silverware, and chairs, for events around the Boston area. In 1983, Steve Lizio founded the company and it began as a service that provided wait staff to catering companies, but over time, this idea transformed into a rental company. Be Our Guest is an extremely seasonal company and most of their business comes from the last quarter of the year and their lowest in the first quarter. Be Our Guest , Inc. prices are higher than their competitors, but they believe they provide the best quality of customer service and their inventory.…
Phionia’s Finicky Feline Gourmet Cat Dinners After developing a gourmet cat food, eaten by the most finicky felines, Phionia Phelps has an opportunity of a life time. Her wealthy acquaintance wishes to invest $50,000 into her business in exchange for selling her products on her website. In addition to already selling to her close acquaintances, Phelps has an opportunity to grow her thriving business, but is it worth it? Careful analysis of her current sales and expenses is necessary to see if the investment is worth making, and although she currently has sales and makes a profit of $70.00 per case, it is not certain if it is enough to continue and make a profit.…
Upon the completion of this course I have come across topics that have interested me and increased my knowledge especially in the financial and accounting aspect. This course has introduced me to understanding the relationship between financial and accounting in making an effective strategic decision. In as much they sound alike they are different and used in different purposes, both accounts are important to the business but are used for different purposes. Financial statements are requirement for any organisation and are published at the end of a financial period for its stakeholder, shareholder and customers to see, they show reports of performance on a historic basis and what has been achieved over the years. At the time the statement is…