Johnny Cash arguably became one of the most influential people to ever step onto a stage with a guitar. He won many awards and honors for his contributions to music. Later in his career, which spanned over five decades, he was also a published author. These and many other achievements earned him places in not one, but three prestigious music halls of fame. However, not many know about where Johnny Cash came from, or the story of his life behind the curtain, when he stepped off stage.
Johnny Cash was born the fourth of seven children, in Kingsland Arkansas. His siblings ...
Cash And College Essays Samples For Students
27 samples of this type
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Payment methods and technologies have shifted a great deal over the years. Gone are the days where cash and check transactions make up the bulk of the give and take that occurs when people engage in commerce, travel and otherwise spend their money. Credit and debit cards have ruled the roost for a while but some new contenders are starting to emerge. The first major alternative to the conventional credit cards and other more traditional methods was PayPal (PayPal, 2017). However, smartphone-enabled technologies such as Apple Pay, Samsung Pay and Android Pay are starting to dominate the commerce and ...
Financial Statement Analysis
Introduction and overview:
The Apple Inc. is one of the leading companies in the production of smart phones and other latest hardware appliances. The main products of the Apple Inc. are Iphones, laptops, tablets and other small appliances. The Apple Inc. is listed on the major stock exchanges and they have a number of stores all over the world that are providing the best customer relation and increasing the sales. The Apple Inc. is performing business in the technology field and their main competitors are Samsung, HTC, Intel and Motorola. ("AAPL Income Statement | Balance Sheet | Cash Flow | Apple Inc. ...
Introduction
The direct method for forming a cash flow statement shows the main categories of total cash receipts and aggregate payments. The simplest way to present the components of received cash and cash payments is by arranging operating cash in such a way the operating cash reconciliations take a separate list. Also, the method has additional items under the operating cash flow section including. For instance, the IAS 7 displays the received dividends under the operating activities. The tables below show the direct cash flows for Aden Group Inc. and Consolidated Subsidiaries.
The significant items in the direct cash flow ...
In the current century, the accounting and finance field have witnessed increased efforts to converge accounting standards to globally accepted universal standards. The fact owes to the dire need of increasing comparability of the financial statements of different firms in the various countries. Undoubtedly, there exist key areas of departure in different accounting standards applied in different countries. Of more interest, is the difference that exists between the two dominant accounting systems used by various corporations around the globe. That is the U.S. Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS). It is, however, worth ...
Question 1
Within an organisation, accounting plays an active role to ensure that all business transactions of monetary value are classified, recorded, measured, summarised and reported in an accurate manner by adhering strictly to basic reporting rules such as International Financial Reporting Standards (IFRS) or US GAAP. Accounting rules make sure that financial statements are prepared and reported accurately by complying strictly with all reporting principles. Additionally, accounting steps confirm that all financial information is included in reporting mechanism while financial statements contain no error or any material misstatement having huge financial consequences.
When the industry follows one accounting mechanism, it ...
(a)Discuss the need for a cash flow statement such as that given for JLJPlc;
Cash flow statement analysis is helpful to management in the generation and utilization of cash in the most efficient way. Efficient utilization of cash helps management in its objective of wealth maximisation. The cash flow statement helps in identifying the strength of cash generation in the various activities such as operations, financing, and investing. It helps trace the source of cash received and how it is disbursed. For To be a healthy firm, cash should come from operations. The cash flow statement is also an indicator ...
Companies around the world understand the need for an effective business process that would establish their competitive advantage. Before discussing the process, one should first understand the definition of Supply Chain and its proponents. Supply Chain is collectively the flow of materials, cash and information within a business network starting from the supplier down to the customer. It is basically the way products move from one point to another and the pit stops that it has to take before it reaches the finish line, which are the consumers (Croker, 2003, p. 1). On the other hand, process can be defined ...
The management theories that can be used to analyze the VDOT case study include Henry Fayol’s theory on Principles of management. It contains 14 principles which explain the working of a well managed organization. The other theory used is the BCG Matrix which illustrates the product life cycle of a project and which priorities should be used in a business unit. Max Weber theory on bureaucracy can also be used to describe the state entities and the communication practices which are used.
BCG Matrix theory has two dimensions on market share and growth. For a long term project there should be high-growth ...
A statement of cash flows, also known as the cash flow statement gives an explanation as to how a company manages its funds. It was formerly known as fund flow statement. It is part of the financial statements and complements such statements as the income statement and balance sheet. It accounts for cash and cash equivalents that enter and leave an organization. The main objective of a cash flow statement is to offer information regarding a company’s cash transactions during a given financial year. It also provides information concerning an entity’s operating activities, investing activities as well as financing activities.
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Introduction: Accrual and Cash basis of accounting are the two methods of making a record of the business transactions in the organization’s records. According to Rich, Jones, Mowen & Hansen (2012) “Under Cash basis accounting, revenues and expenses are recorded when cash is received or paid regardless of when the revenues are earned or the expenses are incurred. Accrual basis accounting; links income measurement, to the selling activities of a company by recognizing revenues and expenses when they occur” (p. 135).
The accrual basis of accounting adheres to the revenue recognition and expense recognition principle as laid down by the ...
Task
Compare the corporate form of organization with the sole proprietorship and the partnership.
Describe the principles dealing with ways of creating value and economic efficiency
The major principles include comparative advantage and absolute advantage. Comparative advantage is the ability of a country to produce a particular commodity in a more efficient way than other countries. Countries that have modern machinery are likely to produce machine intensive products than other countries.
Absolute advantage is the ability of a county to be able to produce a particular commodity that other countries do not produce. For instance, a country that is endowed with a unique mineral that is not produced by other countries can be said to have absolute advantage ...
Description of the company
Woodside is an Australian gas and oil company that explores, develops, produces and supplies oil and gas. The company is composed of a portfolio of world-class producing assets, projects and develops in Australia and globally. The company has maintained a strong performance despite the challenges. In December 2015, oil prices reached an 11-year low.
The Chairman’s report shows that he is optimistic. The proposed Browse Floating LNG (FLNG) is expected to improve the company’s income. Despite the falling oil prices, the company is confident of a sustainable growth and high returns on shareholders’ investment. It has taken ...
(Financial and SWOT analysis and Recommendation to Identified Problems)
Background
The Walt Disney Company is an American diversified firm which focuses its business in mass media where it offers licensing services for the populace to consume their products among other services. Walt Disney headquarter is at Walt Disney Studios in Burbank, California. The firm was founded on October 16th, 1923 by Walt Disney and Roy O Walt Disney in Los Angeles, California. In its most recent full year financial statements, 2015 financial statement, the firm posted a net income of US$8.38 billion, operating income of US$14.68 billion and ...
Ford Motor Company is one of the leading automakers that is based in the USA. The company was founded by Henry Ford. Henry Ford made his first automobile in 1896 using four bicycle wheels and a four-horsepower. The gearbox of the car has only two gears; both forward gears and no reverse gear. He horned his skills for making vehicles over the years. In 1901, he developed a 26-horsepower racecar that become victorious. After that, he decided to develop his own automobile company in 1903. Ford Motors was incorporated in 1903 with only 12 shareholders who had 1,000 ...
[Accounting]
Publicly traded firms are the main object where financial statement fraud takes place. ACFE Fraud tree includes 51 various sorts of fraud schemes, 20 of which cover 80% of the fraud accomplished. Fraudulent financial statements are executed by an executive manager. The level of frequency is 7, 9%.
There are several signs of fraud schemes: flows of cash and A/R that have no connection to do with earnings, allowances that do not correlate with A/R, reserves that do not correlate with Balance sheet items, purchasing without an apparent corporate aim, earnings that regularly and precisely cover expectations. The ...
Several accounting transactions occurred during the month of December 20X5 and were as follows:
A withdrawal was made at a value of £15,000 from the business for the personal use of the owner.
An existing retail store was purchased by the company for £150,000 on December 1.
10 desktops were purchased at a total cost of £3,500. The purpose of which is for the administrative and retail operations of the business.
10 printers totalling to £500 and miscellaneous computer accessories worth £275 were purchased. The purpose of which is to improve the purchase ordering as well as the selling operations of the business.
5 security cameras and other shop fittings ...
Every organization is established with a certain purpose. Every organization has its own purpose and the objectives of the firm differ from one another. Regardless of this difference in the objective and purpose of the existence of the business organization, they all have a common in them. All of the organizations involve themselves in some money related transaction. They purchase some goods, sell some other things, pay salary, performs some investments and does several other financial related tasks. The business must analyze its financial position at a certain period so that it can make certain decisions. To simplify this ...
Background information
The advancement of information and technology has led to a significant revolution in the banking industry through the development of automated teller machines (ATM). These machines allows customers to carry out functions such as deposit of cash, withdrawal of money and securing statement of accounts. To access an ATM service, customers must have ATM cards. The respective financial institutions issue these payment cards to their customers to increase service efficiency and effectiveness (Narteh, 2013). Conventionally, customers could make long queues as they carry financial transactions from tellers. In today’s business world, ATM cards have made it possible to ...
a) & c)
The liquidity ratios show that the company has got the ability to pay off the short-term liabilities from its current assets. The current ratio and the quick ratios are both satisfactory and show the liquidity situation of the company. The decrease of the Current, Cash and Quick ratios is due to the heavy investments in the research and development .
The profitability ratios show that the company is earning above average returns. The brand Apple is known globally and the customers prefer the brand instead of others. The gross profit margin showed an increase in the year ...
Influence of Facebook on the Body Image of Adolescent Girls
Media and peer pressures usually influence the way many teens especially girls see or observe themselves. Additionally, the media generally distort their mental perception, which normally pushes them to engage in risky behaviors in circumstances when they feel that they may not meet the stated goals or objectives. Mass media such as Facebook have emerged to become a massive part of almost every adolescent girl. It is evident that self image issues usually lead to a lot of negative risky behaviors such as eating disorders, cutting, drug and alcohol abuse, sexual addictions, and bullying among other threats. Therefore, the Facebook platform ...
Analysis of Coca-Cola and PepsiCo
- Description of the companies
Coca-Cola is a beverage company that owns or licenses and markets non-alcoholic brands. The company started as a Coke brand in Atlanta back in the year 1886. The brand was started by Dr. John S. Pemberton, who was a pharmacist. Large scale bottling of the product commenced in 1899. Coca-Cola currently operates in more than 200 countries, with its daily sales averaging 1.9 billion beverage servings. The company distributes its products through its controlled and distribution stores. It offers a variety of non-alcoholic drinks including Coca-Cola, Diet Coke, Coco-Cola zero, Sprite, Fanta, water, juices and juice drinks, among ...
Reorganization can be defined as any restructuring that can be tax free as provided for in §368. A successful reorganization must meet some standards to qualify as a tax-free: the first requirement is that it must be having a plan for reorganization. The second is the continuity of interest and business enterprise, the third requirement demands that an organization must have a clear business purpose and finally the organization must not be a subject to step transaction doctrine. It is from this point that an IRS letter should be obtained showing the tax treatment desired by the parties intending to carry out reorganization ( ...
The Concept of cash flow estimation?
Every business survives on liquid to cater for its daily operational activities. It is therefore important to monitor the flow of cash from the source to the area where it is used. A business could be making profit but its cash account is inconsistent and could result in insolvency. If a business realizes at the end of financial year that the cash account has a deficit, then it would be imperative for the company to review all cash transactions to evaluate where the deficit came from. The international accounting standards board (IASB) requires that all businesses comprehensively consolidate their financial statements.
...
Organization Strategic Context
Question one
The study of sustainable competitive advantage in particular product industries has been encouraged by Barney who came up with VRIO characteristics for examining the internal environment of a firm (1995). The soft drink industry is experiencing rapid growth and diversification, high competition hence, offers a higher potential to achieve a sustainable competitive advantage through close look firm’s internal information. Coca-Cola and Pepsi have been on the first share of the world’s beverage market for soft drinks. The two drinks have been competing in the global market for more than a century. Using VRIO framework, the most important resources for ...
HMV group is a multinational entertainment retailing company which operates in the United Kingdom, Hong Kong, Canada and Singapore. HMV is part of the HMV group plc which also operates the Fopp music and entertainment chain. The company supports the music entertainment life of every individual who is interested in music or videos. The company achieves this by supplying plethora of products such as the Blue DVDs, blue-ray discs, books, games and many others to their beloved customers via stores or on-line services. The company is able to do all these at because of the availability of the Sybase IQ ...
Introduction
The success of a company depends on the company’s attention to the short-term decisions. Short-term decisions affect the management of current assets and current liabilities. The company’s liquidity position depends majorly on the level of current assets of the company. If a company is to survive in the business, it must have the ability of generating enough cash that meets its short-term (current) needs (Bhattacharya, 2004).
Working capital management is therefore an important factor in the success of a company, both in the short term and long term. The degree of solvency or liquidity depends on the extent to which ...