What is a pro forma income statement?

Which officials are appointed by the President? What role does the Senate play in the appointment process?

What is a pro forma profit and loss statement?

Amazon.com, Inc.’s financial statements are presented on its website. Financial statements of Wal-Mart Stores, Inc. are presented on its website too. Instructions for accessing and using the complete annual reports of Amazon and Wal-Mart, including the notes to the financial statements, are also provided.

Instruction

Based on the information in these financial statements, compute the following ratios for each company (for the most recent year shown). (Assume all sales are credit sales.)

(1) Accounts receivable turnover.

(2) Average collection period for receivables.

The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes):

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $8,424. What is the external financing needed?

Identify Social Security Act, Department of Veterans Affairs.

What is the financial manager’s objective in evaluating pro forma statements?

How did the election of $1824$ change the way presidents were selected?

a. Following this election, presidents were directly elected.

b. Jackson's supporters decided to create a device for challenging the Electoral College.

c. The election convinced many that the parties must adopt the king caucus as the primary method for selecting presidents.

d. The selection of the candidate with fewer electoral votes triggered the rise of party control over nominations.

a. What are the roles of the vice president as defined by the Constitution? b. Why do you think presidents, in recent years, have given vice presidents more responsibilities?

In the development of the pro forma financial statements, the last step in the process is the development of the:

A) cash budget
B) pro forma balance sheet
C) pro forma income statement
D) capital budget

Choose the answer that best describes the action or situation.

Another word for a covenant

a. agreement

b. diplomat

c. negotiation

d. restriction

If XYZ's receivables turnover is 4x, what does that mean?

(A) XYZ's total sales are rotated four times a year.
(B) XYZ has a really good receivables turnover rate.
(C) XYZ is able to collect its receivables every 90 days, or 4 times a year.
(D) XYZ generates four times as much sales through receivables than sales through cash.

Calculate the present value of the following amounts:

1. $12,000 at the end of five years at 10%

2.$12,000 a year at the end of the next five years at 10%

List principles for setting goals that motivate employees.