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DiKsa [7]
3 years ago
6

Formulating Financial Statements from Raw Data

Business
1 answer:
Tpy6a [65]3 years ago
4 0

Solution:

General Mills, Inc., Income statement for year ended May 25, 2003

Particulars                                               Millions $

Revenue                                                $10,506

Less Cost of goods sold                       - 6,109

                                                            ----------------

Gross profit                                            4,397

                                                            ----------------

Less operating expenses                     - 3,480

                                                            -----------------

                                                                  917

                                                             -----------------

Balance sheet May 25, 2003

Assets             Million $            Liabilities                             Million $

Cash                  703                 Total Liabilities                      13,752

Non cash           17,524            Stockholders' equity              4,475

Total assets       18,227             Total Liabilities & equity       18,227

Statement for cash flows for year ended May 25, 2003

            Particulars                                                     Million $

    Cash from operating activities                                 1,631

    Cash from financing activities                                 - 885

    Cash from investing activities                                 - 1,018

                                                                                    --------------

   Net change in cash                                                      -272

                                                                                    ----------------

   Cash, beginning year                                                   975

                                                                                     -----------------

                                                                                           703

A negative amount for cash from financing activities reflects the reduction of long term debt

                   Profit margin = ( Net income / Revenue ) * 100

                                         = ( 917 / 10,506 ) * 100

                                         = 8.72%

                   Asset turnover = Revenue / total assets

                                             = 10,506 / 18, 227

                                             = 0.57

                  Return on assets =( Net income / Total assets ) * 100

                                                = ( 917 / 18, 227 ) *100

                                                = 5.03%

                  Return of equity = ( Net income / Total shareholder equity )*100

                                               = ( 917 / 4,475 ) *100

                                               = 20.49%

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The formal or informal societal rules that specify or prohibit certain behaviors in specific situations are called ______.
babymother [125]

Answer:

social norms

Explanation:

Social norms can be seen as mutual depictions of appropriate social behavior as well as internal opinions of specific group behavior. Norms can be seen as cultural ideas (including principles, traditions, and rituals) that serve a basic understanding of what others practice and believe that they ought to be doing.

Social norms are, if seen as a societal viewpoint, informal interpretations which regulate the actions of people in a society. In response to religious or community expectations, behavioral economics acknowledges smaller group structures (such as a team or perhaps a department) can also accept norms independently.

6 0
3 years ago
Per OSHA guidelines, the five major components of an effective safety and health program are: management commitment & hazard
Rainbow [258]

Answer:

Worksite Analysis

Explanation:

Based on the information provided within the question it can be said that the final major component of the OSHA guidelines are Worksite Analysis. This component refers to the various actions that provide all the information needed to help an individual recognize and understand all the dangers and potential hazards of the workplace environment.

4 0
3 years ago
Manuel Rios wishes to determine how long it will take an initial deposit of ​$13 comma 000 to double. a. If Manuel earns 9​% ann
Lorico [155]

Answer:

See Below

Explanation:

This is a problem of compound interest. The formula is:

F=P(1+r)^t

Where

F is the future value

P is the present value

r is the rate of interest

t is the time in years

P = 13,000

To double his money, that means, F = 26,000

a)

Now, r = 9% = 0.09, so time it takes:

F=P(1+r)^t\\26,000=13,000(1+0.09)^t\\2=1.09^{t}\\t=\frac{Ln(2)}{Ln(1.09)}\\t=8.04

So, its gonna take about 8.04 years to double

b)

Similarly, here we just use r = 0.06, so the calculation is:

F=P(1+r)^t\\2=1.06^t\\t=11.9

So, its gonna take about 11.9 years to double

c)

Here, the r is 11% or 0.11

So, the time it will take:

F=P(1+r)^t\\2 = 1.11^t\\t=6.6

So, it is going to take about 6.6 years to double

d)

The amount of time it takes to double his money decreases as the interest rate increases and the time increases as interest rate decreases.

8 0
3 years ago
Financial institutions such as commercial banks, bond mutual funds, insurance companies, and pension funds maintain large portfo
inessss [21]

Answer:

The correct answer is letter "B": unfavorably; increases.

Explanation:

As a measure to control inflation in the economy, the Federal Reserve (Fed) tends to <em>increase </em>the interest rate. This to have banks request fewer loans from the central bank which will result in offering fewer credits to individuals. If people have fewer sources of debt, the possibilities that an economic bubble -<em>continuous increase in price due to continuous increase in demand</em>- appear decreases.

However, if people have fewer sources of debt, private investment decreases, causing an <em>unfavorable </em>panorama for financial institutions offering large portfolios of assets.

8 0
2 years ago
Single Corp. is a company with three divisions that produce completely different products. These three divisions must seek fundi
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Answer:

pooled interdependence.

Explanation:

The single crop is a company with three different division. Three division who work independently and do not interact with each other but work towards the betterment of the whole company can be described as pooled interdependence. Pooled interdependence is a way in which companies operated by designing different department that works independently towards a common goal.

3 0
3 years ago
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