Question

Apple Inc.

Introduction. Start with an introductory paragraph or two explaining the purpose of the report.

Brief History of the Company. In no more than one (1) page address the following:
•   What is the company’s principal line of business and major competitors?
•   What are their key products/services?
•   On what day does the company’s fiscal year end?
•   Provide a brief history of the company: When did the company first go public? Have they had any stock splits since then? Any other relevant data about their stock.
•   Who is their current CEO, CFO?
•   What else would a potential investor want to know?

Body: address the following questions related to your selected company in paragraph (not list) form.
1.   Who is the company’s current auditor? What does the auditor do?
2.   What method of depreciation is used by the company to depreciate its operational assets?
3.   What inventory method is used to state the value of the company’s inventory?
4.   Does the company have treasury stock (or a repurchase program)? Explain.
5.   Does the company have any investments? If so, what categories?
6.   What is the largest source of cash from financing activities?
7.   What is the largest use of cash from investing activities?
8.   Describe one footnote that presents additional detail about a reported financial statement number (provide the footnote number or letter).
9.   Describe one footnote that reports financial statement information not listed as a number in the financial statements (provide the footnote number or letter).
10.   What was the overall trend of the stock price for the most recent year?

Answer 1

Brief About Company:-

Q1:What is the company’s principal line of business and major competitors?

The Principal line of business of apple inc are Electronics products, Designs, Manufactures, Marketing of mobile communications, and media devices,,personal computers and portable digital musical players.

The Major competitors of Apple inc are Microsoft, Dell inc,Samsung, Lenovo,HP,Sony inc,Asus, Google inc,Philips, Panasonic, Huwai etc.

Q2: What are their key products/services?

The key products available are iphones,ipad,Mac,ipod,Apple watch,Apple Tv, iphone OS,icloud,Software applications,etc.

Q3: On what day does the company’s fiscal year end?

Apple inc fiscal year ends on saturday at the end of september.

Brief History of company:

-The company first went on public on December12,1980 as it launched IPO of its stock.

- The company then stock spilt on june 16,1987 and then on a 2 for 1 basis on february 28,2005, on june 21,2000 and on june 9,2014.

Q 4; Who is their current CEO, CFO?

-Current CEO of Apple inc is Tim Cook and Current CFO is Luca Maestri,

Q 5; What else would a potential investor want to know?

-The potential investor want to know overall performance of apple inc,its cuurent stock price in NYSE ,Any future investment by apple inc that can affect the stock price of inc, etc.

Body Part:

Q1 ; Who is the company’s current auditor? What does the auditor do?

Current Auditor of the apple inc is Ernst & Young Audit firm ,which ahve replaced KPMG Firm. These auditor give Audit report after auditing the firm for accounting year end.They check all accounting fundamentals of firm by checking financial staement and income staement of firm.

Q2; What method of depreciation is used by the company to depreciate its operational assets?

-Method of depreciation adopted by apple inc is SLM Method i.e straight line method where fixed depreciation rate is applied to asset of company.

Q3: What inventory method is used to state the value of the company’s inventory?

The company used FIFO (First in first out) method of inventory to mentain its stock. which ensure that old model of products are sold first before release of new one.

Q4; Does the company have treasury stock (or a repurchase program)? Explain

-Till december 2019 the company have $ 0 million treasory stock or repurchase plan program.Apple inc treasury stock as on sept 2015 was -$ 779.8 million.it is of buy back of its own share from investors.

Q5; Does the company have any investments? If so, what categories?

-Apple inc total cash and short term investments for fiscal year ending september 2015 to 2019 averaged $ 70.038 billion.The company invests so much short term investment in its manufacturing activities.

Q6: What is the largest source of cash from financing activities?

The largest source of cash from financing activities is obtaining resources from owners and providing them with return and return of their investment. As of september 2019 the largest source of cash from financing activities was proceeds from issuance of term debts = $6963 million.

Q7:What is the largest use of cash from investing activities?

As of september 2019 the largest source of cash from investing activities was proceeds from sales of marketable securities =$56,988 millions then proceeds from maturities of marketable securities = $ 40,102.

And use of cash from investing activities was purchase of marketable securities=$ 39,630 million.

Q8: Describe one footnote that presents additional detail about a reported financial statement number (provide the footnote number or letter).

875,540,274 shares of common stock issued and outstanding as of nov 2,2007.

What was the overall trend of the stock price for the most recent year?

The stock price of apple inc is 283.17(0.07%) latest.