What did you find interesting as you reviewed Apple's financial results for most recent year?
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BTN 1-1 Managerial accounting is more than recording, maintaining, and reporting financial results. Managerial accountants must provide managers with both financial and nonfinancial information includ- ing estimates, projections, and forecasts. An important estimate for Apple is its reserve for warranty claims, and the company must provide shareholders information on these estimates. REPORTING IN ACTION C1 Required 1. Access Apple's 2015 10-K report, filed with the SEC on October 28, 2015, and find Note 10- APPLE Commitments and Contingencies. What amount...
Key financial figures for Apple's two most recent fiscal years follow. $ millions Liabilities + Equity Net income Revenues Current Year $375, 319 48,351 229,234 Prior Year $321,686 45,687 215,639 Required: 1. What is the total amount of assets invested in Apple in the current year? 2. What is Apple's return on assets for the current year? 3. How much are total expenses for Apple for the current year? 4. ls Apple's current-year return on assets better or worse than...
Go to the Financial Accounting Standards Board (FASB) website and locate the Accounting Standards Update (ASU) 2018-20 and ASU 2016-2. These two ASUs are about leases. Share what you initially find most interesting about these two ASUs in two separate postings.
What managerial accounting concept or procedure did you find most interesting? Most challenging? How do you see yourself using managerial accounting in the future?
Financial Reporting Problem: Apple Inc.CT10.1The financial statements of Apple Inc. are presented in Appendix A. The complete annual report, including the notes to the financial statements, is available at the company's website.InstructionsRefer to Apple's financial statements and answer the following questions about current and contingent liabilities and payroll costs.a. What were Apple's total current liabilities at September 26, 2015? What was the increase/decrease in Apple's total current liabilities from the prior year?b. What were the components of total current liabilities on September 26,...
Financial Reporting Problem: Apple Inc. CT11.1 The stockholders' equity section for Apple Inc. is shown in Appendix A. The complete annual report, including the notes to the financial statements, is available at the company's website. Instructions a. What is the par or stated value per share of Apple's common stock? b. What percentage of Apple's authorized common stock was issued at September 26, 2015? c. What amount, if any, did Apple declare in dividends on common stock in the year...
Did You Know videos Watch each Did You Know video. Note the year differences 2006, 2008, 2009. What did you find interesting about each? What changed throughout the years? Does this help explain the importance of technology, particularly in a business? How so? Additional thoughts? We will watch more recent Did You Know videos as the course continues.
Refer to Apple's financial statements in Appendix A to answer the following.Required:1. What percent of the original cost of Apple's Property, Plant and Equipment account remains to be depreciated as of (a) September 30, 2017, and (b) September 24, 2016? Assume these assets have no salvage value and the entire account is depreciable. Hint: Accumulated Depreciation is listed under "Property, Plant and Equipment" in the notes to Apple's financial statements in Appendix A. 2. Much research and development is needed...
As we approach the mid-way point of this course, review and reflect on what we have learned thus far. What is something that you have learned that you did not know before? Which topic, or topics, did you find the most interesting and/or beneficial? why? How might this new information be relevent to you in your current or future career? personal financial management course
ACCT. 510 – Accounting for Business Decisions The basic financial statements of a company include the balance sheet, income statement and cash flow statement. Each statement contains specific information about the company. When viewed together, much can be learned about how the company operates and the impact of decisions made during the period. Obtain the 2017 and 2018 annual reports for Starbucks. Use the information in the financial statements to respond to the following questions: 1. Write out the basic...