Please read the article attached.Under Armour Is Subject of Federal Accounting Probes - WSJ.pdf Under Armour,...
Please read the article attached.Under Armour Is Subject of Federal Accounting Probes - WSJ.pdf Under Armour, Inc., has said it is cooperating with Justice Department and SEC investigations into its revenue recognition which began in 2017. The company made this disclosure after the Wall Street Journal published this article based on reports from unnamed sources “familiar with the matter” and the recent questioning of people located in Baltimore, MD, where the company is located. UnderArmour was founded by Chairman and CEO Kevin Plank, “…a former University of Maryland football player…in his grandmother’s basement with sweat-wicking compression apparel.” He built the company into a global brand with $5 billion in revenues. However, sales growth has fallen since “Under Armour missed its sales targets in the final quarter of 2016.” Questions:
What revenue trends did UnderArmour show until 2016?
What happened in the quarter ended January 31, 2017?
How did the UnderArmour stock price react to the results for the quarter ended January 31, 2017?
Homework Answers
1. What revenue trends did UnderArmour show until 2016?
Ans- Until 2016 The Revenue trend is completed the targets which company had. They Get there sales force work Properly & complete the sales target on time, which help to earn the revenue on regular basis.
2. What happened in the quarter ended January 31, 2017?
Ans- In the Quater ended January 31,2017, The sales target was not completed & That affect there revenue also. As sales target decline there revenue also decline.
3. How did the UnderArmour stock price react to the results for the quarter ended January 31, 2017?
Ans- As there Revenue declines is gone affect there stock price for sure. The Stock price of underarmour gona be decine because at end of January 31, 2017 reporting investor may find decline in profit of company & this will impact there thinking. The investors may think Underarmour is in trouble & they will start selling the stock & this will ultimately result in decline in stock Price.
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Please read the article attached.Under Armour Is Subject of
Federal Accounting Probes - WSJ.pdf Under Armour,...
Under Armour Inc. shares fell nearly 19 after the company confirmed it was the subject of a federal Inve...
Under Armour Inc. shares fell nearly 19 after the company confirmed it was the subject of a federal Investigation into its accounting practices. Executives declined on an earnings call Monday to provide details about the probe or explain why Under Armour hadn't previously disclosed its existence, even though they had been responding to document requests for more than two years "We have been fully operating with these inquiries for nearly 2 Under Armour CFO David Bergman said. "We firmly believe...
Under Armour Ine, shares fell nearly 19% after the company confirmed it was the subject of...
Under Armour Ine, shares fell nearly 19% after the company confirmed it was the subject of a federal investigation into its accounting practices. Executives declined on an earnings call Monday to provide details about the probe or explain why Under Armour hadn't previously disclosed its existence, even though they had been responding to document requests for more than two years. "We have been fully cooperating with these inquiries for nearly 25 years, Under Armour CFO David Bergman said. "We firmly...
Under Armour Ine, shares fell nearly 199 after the company confirmed it was the subject of...
Under Armour Ine, shares fell nearly 199 after the company confirmed it was the subject of a federal investigation into its accounting practices. Executives declined on an earnings call Monday to provide details about the probe or explain why Under Armour hadn't previously disclosed its existence, even though they had been responding to document requests for more than two years. "We have been fully cooperating with these inquiries for nearly 2 years," Under Armour CFO David Bergman said. "We firmly...
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Under Armour Inc. shares fell nearly 19 after the company confirmed it was the subject of a federal Investigation into its accounting practices. Executives declined on an earnings call Monday to provide details about the probe or explain why Under Armour hadn't previously disclosed its existence, even though they had been responding to document requests for more than two years "We have been fully operating with these inquiries for nearly 2 Under Armour CFO David Bergman said. "We firmly believe...
Under Armour Ine, shares fell nearly 19% after the company confirmed it was the subject of a federal investigation into its accounting practices. Executives declined on an earnings call Monday to provide details about the probe or explain why Under Armour hadn't previously disclosed its existence, even though they had been responding to document requests for more than two years. "We have been fully cooperating with these inquiries for nearly 25 years, Under Armour CFO David Bergman said. "We firmly...
Under Armour Ine, shares fell nearly 199 after the company confirmed it was the subject of a federal investigation into its accounting practices. Executives declined on an earnings call Monday to provide details about the probe or explain why Under Armour hadn't previously disclosed its existence, even though they had been responding to document requests for more than two years. "We have been fully cooperating with these inquiries for nearly 2 years," Under Armour CFO David Bergman said. "We firmly...
Please read the article bellow and discuss the shift in the
company's approach to genetic analysis. Please also discuss what
you think about personal genomic companies' approaches to research.
Feel free to compare 23andMe's polices on research with another
company's. Did you think the FDA was right in prohibiting 23andMe
from providing health information?
These are some sample talking points to get you thinking about
the ethics of genetic research in the context of Big Data. You
don't have to...
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