Reference no: EM131376620
Purpose of Assignment
The purpose of this assignment is to help you understand the basics of financial statement analysis related to the assets section of the balance sheet, data interpretation, and how financial information is obtained to understand how a company accounts for its long-lived assets.
Assignment Steps
Resources: Financial Accounting: Tools for Business Decision Making
Note: The financial statements of Apple, Inc. are presented in Appendix A of Financial Accounting. Instructions for accessing and using the company's complete annual report, including the notes to the financial statements, are also provided in Appendix A.
Complete a 1,050-word summary of findings and recommendations from the following questions:
• What were the total cost and book value of property, plant, and equipment at September 27, 2014?
• Using the notes to find financial statements, what method or methods of depreciation are used by Apple for financial reporting purposes?
• What was the amount of depreciation and amortization expense for each of the three years 2012-2014? (Hint: Use the statement of cash flows).
• Using the statement of cash flows, what are the amounts of property, plant, and equipment purchased in 2014 and 2013?
• Using the notes to the financial statements, explain in the summary how Apple accounted for its intangible assets in 2014.
Use the Week 2 Excel spreadsheet to show your work and submit with your summary.
|
What is the decision to be made
: What is the decision to be made, what is the chance event, and what is the consequence? Identify the alternatives for the decisions and the possible outcomes for the chance events?
|
|
Overcome the free-rider problem
: When a good generates external benefits, collective decision making generates more efficient choices. The free-rider problem arises because. Which of the following is likely to overcome the free-rider problem?
|
|
Discussion about increasing the federal minimum wage
: In recent months, there has been lots of discussion about increasing the federal minimum wage?
|
|
How does the format affect voter perception
: Consider the following guiding questions as you develop the guidelines. How does the format affect voter perception? How can a moderator influence voter perception
|
|
What were total cost and book value of property and plant
: What were the total cost and book value of property, plant, and equipment at September 27, 2014? Using the notes to find financial statements, what method or methods of depreciation are used by Apple for financial reporting purposes?
|
|
How is dod using ai to improve its operations and save lives
: How is the DoD using AI to improve its operations and save lives?- Why would the DoD use an event like the DARPA Grand Challenge to further technological innovation?
|
|
Treasury department respond to the financial crisis
: How did the Federal Reserve and the U.S. Treasury Department respond to the financial crisis in 2008?
|
|
How do indivisible inputs affect production costs
: How can we use the price elasticity of demand to predict the effect of taxes? How does a minimum price (floor price) affect the market? Explain the equimarginal principle. How do indivisible inputs affect production costs?
|
|
Aggregate unemployment levels
: In the Ricardian model, trade with a low wage country will increase aggregate unemployment levels. Wages in the US are $15/hour while wages inChina are $3/hour. Goods manufactured using only labor will be 5 times cheaper in China.
|