How nike accounts for accrued liabilities

Assignment Help Finance Basics
Reference no: EM131415712

The SEC Form 10-K of NIKE is reproduced in Appendix C.

REQUIRED:

Review the NIKE Form 10-K, and answer the following questions.

a. In terms of the basic accounting equation, explain how NIKE accounts for prepaid expenses. What is the dollar value of prepaid expenses on the 2009 and 2008 balance sheets?

b. In terms of the basic accounting equation, explain how NIKE accounts for accrued liabilities.

c. How much cash did NIKE spend for capital expenditures and dividends during the year ended May 31, 2009? How did these transactions affect the basic accounting equation? How much cash was collected from share issuances through stock options, and how did these transactions affect the basic accounting equation?

d. What is the balance of accounts payable on NIKE's May 31, 2009, balance sheet, and how did it get there?

e. What does NIKE's management say in its management letter about its system of internal controls?

f. (Appendix 4A) Why is depreciation added to net income in the operating section of the statement of cash flows, and why is the increase in accounts receivable subtracted from net income?

Reference no: EM131415712

Questions Cloud

Analyze the personal consequences of the crime : Describe how a professional comes into contact and interacts with a specific type of victim(s). Apply theories to explain the role of the victim(s) in the crime. Analyze the personal consequences of the crime on the victim(s) and family
Demonstrate an understanding of existing technologies : Demonstrate an understanding of existing and emerging information technologies and strategic impact on organizational operations.Evaluate the issues and challenges associated with information technology integration.Evaluate the ethical concerns tha..
Governmental role in health care in the us resources : When economic difficulties occur, the government sometimes intervenes Consider, for example, governmental intervention related to airline strikes and pricing. In your opinion, at what point should the government intervene in the delivery of health..
Interpret the coefficients in the main effects model : Write the main effects model for E(y) as a function of the two qualitative variables.- Interpret the β coefficients in the main effects model.
How nike accounts for accrued liabilities : In terms of the basic accounting equation, explain how NIKE accounts for prepaid expenses. What is the dollar value of prepaid expenses on the 2009 and 2008 balance sheets?
What is the current earned value for construction : JLB Construction has been contracted to provide a security enclosure for a Water Distribution facility for a major metropolitan area. The structure is in the shape of a pentagon and is a wall. What is the current earned value (EV) for JLB Constructio..
Type of health care provided for all citizens : Besides Sweden, there are other countries throughout the world that have this type of health care provided for all citizens. Please share your thoughts with us on this subject
Format the chart using an appropriate chart layout : Open the data file Portlandia located in the Chapter 16\On Your Own folder. Save the workbook as Portlandia Skies. In the Documentation worksheet, enter your name in cell B3 and the date in cell B4. Format the chart using an appropriate chart layout ..
How many models are fit at step 1 of the stepwise regression : How many models are fit at Step 1 of the stepwise regression?- How many models are fit at Step 2 of the stepwise regression?

Reviews

Write a Review

Finance Basics Questions & Answers

  Compile a ratio analysis of the top competitors in industry

Compile a ratio analysis of the top competitors in the industry using the company's financial statements. You should limit the number of companies you are researching to between 3-5

  Company q has just paid a dividend of 140 per share its

company q has just paid a dividend of 1.40 per share. its dividend is expected to grow at 5 per year perpetually. if

  Determine two goals one short term and one long term that

determine two goals one short term and one long term that you wish to achieveyou can make up fictional ones if you

  Open the financial statements for the clorox company

Problem 1k http://annualreport.thecloroxcompany.com/ and open the financial statements for The Clorox Company. Provide the following information. Calculate the following ratios for 2013 & 2014:

  Calculate the inflation expectation for each maturity

Use the information in the preceding table to calculate the inflation expectation for each maturity.

  Which one of these would be the optimal capital structure

Which one of these would be the optimal capital structure and can you tell me why?

  Identify the key stakeholders in the budgeting process

Identify the key stakeholders in the budgeting process at the organization and explain how they are involved in the processes. Explain how knowledge of forecasting, strategic planning, and budgeting processes might impact your decisions in the orga..

  Portfolio return according to the capm what is the rate of

portfolio return according to the capm what is the rate of return of a portfolio with a beta of 1?a. between rm and

  How have control systems been changed

What are the key internal and external factors that must considered when designing a control system for organizations? How have control systems been changed by Sarbanes-Oxley requirements?

  Derive the equation of motion for a one-dimensional

Derive the equation of motion for a one-dimensional, inviscid, unsteady compressible flow in a pipe of constant cross sectional area neglect gravity.

  Purpose of a cash budget

What is the purpose of a cash budget? What is being forecasted and how does the cash budget differ from the forecast of the income statement?

  Shoplift security company is interested in bidding on a

the no- shoplift security company is interested in bidding on a contract to provide a new security system for a large

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd