FINANCIAL ACCOUNTING:TOOLS FOR BUSINESS
19th Edition
ISBN: 9781119493624
Author: Kimmel
Publisher: WILEY
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Types of Businesses
a. Indicate whether each of the following companies are primarily a service, merchandise, or manufacturing
business. If you are unfamiliar with the company, use the Internet to locate the company's home page or use
the finance Web site of Yahoo.
1. Alcoa Inc.
2. Boeing
3. Caterpillar
4. Citigroup Inc.
5. CVS
6. Delta Air Lines
7. eBay Inc.
8. Fed
9. Ford Motor Company
10. Gap Inc.
11. H&R Block J
12. Hilton Hospitality, Inc.
13. Procter & Gamble
14. SunTrust
15. Wal-Mart Stores. Inc.
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Assignment 1: Financial Statement Analysis and Interpretation of the Results
• Select two different corporations (from the same industry) publicly traded in the US Stock
Exchange Markets. (NYSE, NASDAQ)
o Make sure the companies you select are traded in same currency (USD, Euro, GBP)
o Please get the approval for the names of the firm before you start your work.
• The analysis of same company by different students will not be graded
• Download the necessary financial statements for the companies for 2021 and 2020
o For data collection you can use: finance.yahoo.com or finance.google.com
Part 1: Apply the financial analysis for the last two years using ratios covered in Chapter 3.
Use excel formulas for calculation of the ratios on a separate sheet (manual calculations will not be graded!)
You are not responsible for Part 5 (V. Market Value) ratios
Some companies may not have all the data due to their variations in industries.
If you face missing data just skip that ratio (mention as…
Charles Schwab Corporation (SCHW) is one of the more innovative brokerage and financial service companies in the United States. The company recently provided information about its major business segments as follows (in millions):
InvestorServices
AdvisorServices
Revenues
$5,411
$2,067
Operating income
2,031
962
Depreciation
180
54
a. The
segment serves the retail customer, you and me. These are the brokerage, Internet, and mutual fund services used by individual Investors. The
segment includes the same services provided for financial institutions, such as banks, mutual fund managers, insurance companies, and pension plan administrators.
b. Indicate whether the following costs are a “Variable Cost” or a “Fixed Cost” in the “Investor Services” segment.
1. Commissions to brokers
2. Fees paid to exchanges for executing trades
3. Depreciation on brokerage offices
4. Transaction fees incurred by Schwab mutual funds to purchase and sell shares…
Knowledge Booster
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- Choose the letter of the correct answer 39. It is the preparation of general-purpose financial statements. a. Accounting research b. Cost accounting c. Financial accounting d. Auditing 40. This type of business offers professional skills, advice and consultations. a. Buy and sale b. Service business c. Manufacturing business d. Merchandising business 41. It is a duly registered association of persons with a common bond of interest, voluntarily joining together to achieve their social, economic and cultural needs. a. Corporation b. Parnership c. Sole proprietorship d. Cooperatives 42. It is also the body authorized by law to promulgate the rules and regulations affecting the practice of the accountancy profession in the Philippines. a. Professional Regulatory Commission c. Board of Accountancy b. Philippine Institute of Certified Public Accountant d. Commmisson on Audit 43. It regulates the operations of all banks and business import and export activities. a.…arrow_forwardCharles Schwab Corporation is one of the more innovative brokerage and financial service companies in the United States. The company recently provided information about its major business segments as follows (in millions): InvestorServices AdvisorServices Revenues $7,321 $2,811 Income from operations 3,176 1,386 Depreciation 186 120 a. The segment serves the retail customer, you and me. These include brokerage, Internet, and mutual fund services. The segment includes the same services provided for financial institutions, such as banks, mutual fund managers, insurance companies, and pension plan administrators. b. Indicate whether the following costs are a “Variable Cost” or a “Fixed Cost” in the “Investor Services“. 1. Commissions to brokers 2. Fees paid to exchanges for executing trades 3. Depreciation on brokerage offices 4. Transaction fees incurred by Schwab mutual funds to purchase and sell shares 5. Property taxes on brokerage offices 6.…arrow_forwardComparison of three essential types of businesses in Australia: use the following criteria andorganize your comparison in a relevant table:1) Owner/s of businesses2) Level of difficulty in setting up the business3) Life the business (limited or unlimited)arrow_forward
- 18-Sohar LLC collecting information from the environment in which a company operates and can include competitor's websites, social media, credit rating agencies, and internet news, for strategic planning, when a company needs to consider market share, industry trends, and customer behaviors. The information collected by the company is known as a. Financial Qualitative information b. External information c. Internal information d. Accounting informationarrow_forwardIdentify any Two (2) Public Listed Company listed under the Main Market of Bursa Malaysia originating from the same industry. Download the most recent annual report of the companies you have chosen. Analyze and compare the annual reports and critically assess the difficulties in preparing a set of useful financial statements, which exhibits all the primary qualitative characteristics necessary for all users of financial statements( E.g. Comparability ). How well do you feel that your chosen companies have achieved this purpose ? ( Minimum 1200 words )arrow_forwardaims to identify, record, and communicate information about business activities. It helps assess opportunities, products, investments, and social and community responsibilities. Users of accounting are both internal and external. Some users and uses of accounting include (a) managers in controlling, monitoring, and planning; (b) lenders for measuring the risk and return of loans; (c) shareholders for assessing the return and risk of stock; and (d) employees for judging employment opportunities. Opportunities in accounting include financial, managerial, and tax accounting. Csuterstack/Fory burrow OGlow Asia/Saperstock 130s :00/ 0:58 1x CC Knowledge Check 01 Match the term and the definition. Definition The recording of transactions and events only, either manually or electronically. An information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization's business activities.arrow_forward
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