Questions
Costco Wholesale Corporation operates more than 600 warehouse stores in the United States and abroad. The...

Costco Wholesale Corporation operates more than 600 warehouse stores in the United States and abroad. The following items were in a slightly simplified version of the company’s statement of cash flows for the fiscal year ending August 28,2011 (in millions):

Increase in merchandise inventories

$ 642

Net income

1,542

Depreciation and amortization

855

Other noncash expenses

269

Increase in payables

804

Increase in other operating liabilities, net   

451

Increase in receivables

81

The company’s income statement showed (in millions):

Total revenues

$88,915

Cost of merchandise

77,739

Operating expenses

8,737

Operating income

2,439

Other expenses, net

56

Income before income taxes

2,383

Income tax

841

Net income

$ 1,542

b) Prepare a statement of cash flows from operating activities using the direct method. Assume that all other expenses and income taxes were paid in cash, all operating liabilities relate to operating expenses, and that all depreciation and other noncash expenses are included in operating expenses.

I need help with this question.

In: Accounting

A. In your own words, please identify two different stock exchanges in the United States. Describe...

A. In your own words, please identify two different stock exchanges in the United States. Describe the similarities and differences between the two stock exchanges. Identify one stock from each of the two stock exchanges. B. Using the two stocks you identified, determine the free cash flow from 2013 & 2014. What inference can you draw from the companies’ free cash flow? C. Using the most recent financial statements for both stocks, prepare two financial ratios for each of the following categories: liquidity ratios, asset management ratios, and profitability ratios. You should have a total of six ratios for each stock, per year. What challenges, strengths, or weaknesses do you see? Please be articulate.

In: Accounting

Bighorn sheep are beautiful wild animals found throughout the western United States. Let x be the...

Bighorn sheep are beautiful wild animals found throughout the western United States. Let x be the age of a bighorn sheep (in years), and let y be the mortality rate (percent that die) for this age group. For example, x = 1, y = 14 means that 14% of the bighorn sheep between 1 and 2 years old died. A random sample of Arizona bighorn sheep gave the following information: x 1 2 3 4 5 y 15.4 20.3 14.4 19.6 20.0 Σx = 15; Σy = 89.7; Σx2 = 55; Σy2 = 1,640.77; Σxy = 277.6 (a) Find x, y, b, and the equation of the least-squares line. (Round your answers for x and y to two decimal places. Round your least-squares estimates to three decimal places.) x = y = b = ŷ = + x (b) Draw a scatter diagram for the data. Plot the least-squares line on your scatter diagram. WebAssign Plot WebAssign Plot WebAssign Plot WebAssign Plot (c) Find the sample correlation coefficient r and the coefficient of determination r2. (Round your answers to three decimal places.) r = r2 = What percentage of variation in y is explained by the least-squares model? (Round your answer to one decimal place.) %

In: Statistics and Probability

The United States and the European Union have been pressing China's government to alter its exchange...

The United States and the European Union have been pressing China's government to alter its exchange rate policy to allow more flexibility, presumably so that the yuan will appreciate by a substantial amount. What has been and are China's policies toward the foreign exchange market? From the point of view of China's government and the well-being of the Chinese economy and people, what are the main reasons for the Chinese government to allow more flexibility and (probably) substantial yuan appreciation? What are the main reasons for China's government to maintain its current exchange rate policy?

In: Economics

Congratulations! You have just been elected to the United States House of Representatives to represent your...

Congratulations! You have just been elected to the United States House of Representatives to represent your district in our nation's capitol. As your first order of business, you have been selected to address your colleagues in the house on the subject of Community Development Block Grants (CDBG) and other taxpayer funded community development initiatives. You have 2 minutes to argue for one of the following points:

  • continuing the CDBG program and increasing the amount of money in the federal budget allocated to them
  • continuing the CDBG program at the current funding level
  • continuing the CDBG program, but drastically decrease funding
  • doing away with the CDBG program

In: Economics

Japanese automobiles comprise approximately 20% of all new car sales in the United States. Suppose a...

Japanese automobiles comprise approximately 20% of all new car sales in the United States. Suppose a state licensing office received 100 requests for license plates for new cars during a given week.

      a) What is the probability that 25 or more of the license requests are for Japanese cars?

      b) What is the probability that no more than 10 of the requests are for Japanese cars?

      c) What is the probability that at least 10, but no more than 20, Japanese cars are represented within the group?

In: Statistics and Probability

Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at...

Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and are interested in estimating costs in potential new locations. They believe that costs are driven in large part by store volume measured by revenue. During a discussion, one of the managers suggests that number of employees might be better at explaining cost than store revenues. As a result of that suggestion, managers collected the following information from last year’s operations (revenues and costs in thousands of dollars):

Store Costs Employees Revenues
101 $5,727 52 $4,866
102 2,252 29 6,436
103 2,628 45 2,448
104 1,815 26 4,870
105 3,413 36 6,087
106 3,695 53 5,331
107 5,591 57 3,218
108 3,376 51 3,544
109 4,856 45 3,675
110 5,273 52 3,464
111 2,653 43 3,098
112 2,976 38 2,562
113 5,446 53 3,507
114 4,772 31 4,588
115 1,715 25 3,768

e-1. Enter the regression coefficients.

e-2. Estimate the cost of a store with revenues of $3.40 million and 51 employees using the results of a multiple regression of store costs on store revenues and employees.

In: Statistics and Probability

The United States and the European Union have been pressing China's government to alter its exchange...

The United States and the European Union have been pressing China's government to alter its exchange rate policy to allow more flexibility, presumably so that the yuan will appreciate by a substantial amount. What has been and are China's policies toward the foreign exchange market? From the point of view of China's government and the well-being of the Chinese economy and people, what are the main reasons for the Chinese government to allow more flexibility and (probably) substantial yuan appreciation? What are the main reasons for China's government to maintain its current exchange rate policy? Please try to meet 250 words for the response. Thank you so much.

In: Economics

Background: Accounting scandals and fraud, both in the United States and internationally, have re-ignited the debate...

Background: Accounting scandals and fraud, both in the United States and internationally, have re-ignited the debate over the current laws, regulation and accounting principles. The relative merits of GAAP, which takes a “rules-based” approach to accounting, versus IFRS, which takes a “principles-based” approach have been under scrutiny. In the last couple of years, the FASB announced that it intends to introduce more principles-based standards to improve general accounting principles and practices.

Organizations have internal control measures to detect fraud. In additions, organizations are subjected to required reporting of financial information to external entities. With that in mind, answer the following items in your initial discussion response:

  1. Define fraud and discuss the three factors identified in our textbook that contribute to fraudulent activity.
  2. What are some strategies in health care to prevent financial fraud? Provide some details.
  3. Identify an example of an organization that has committed fraud. What happened and what were the legal ramifications?

Make sure your initial response contains 175- to 265-words.

APA Formatting: Use citations where appropriate and list references.

In: Accounting

What is your favorite color? A large survey of countries, including the United States, China, Russia,...

What is your favorite color? A large survey of countries, including the United States, China, Russia, France, Turkey, Kenya, and others, indicated that most people prefer the color blue. In fact, about 24% of the population claim blue as their favorite color.† Suppose a random sample of n = 57 college students were surveyed and r = 11 of them said that blue is their favorite color. Does this information imply that the color preference of all college students is different (either way) from that of the general population? Use α = 0.05. (a) What is the level of significance? State the null and alternate hypotheses. H0: p = 0.24; H1: p ≠ 0.24 H0: p = 0.24; H1: p < 0.24 H0: p ≠ 0.24; H1: p = 0.24 H0: p = 0.24; H1: p > 0.24 (b) What sampling distribution will you use? The standard normal, since np < 5 and nq < 5. The standard normal, since np > 5 and nq > 5. The Student's t, since np < 5 and nq < 5. The Student's t, since np > 5 and nq > 5. What is the value of the sample test statistic? (Round your answer to two decimal places.) (c) Find the P-value of the test statistic. (Round your answer to four decimal places.) Sketch the sampling distribution and show the area corresponding to the P-value. WebAssign Plot WebAssign Plot WebAssign Plot WebAssign Plot (d) Based on your answers in parts (a) to (c), will you reject or fail to reject the null hypothesis? Are the data statistically significant at level α? At the α = 0.05 level, we reject the null hypothesis and conclude the data are statistically significant. At the α = 0.05 level, we reject the null hypothesis and conclude the data are not statistically significant. At the α = 0.05 level, we fail to reject the null hypothesis and conclude the data are statistically significant. At the α = 0.05 level, we fail to reject the null hypothesis and conclude the data are not statistically significant. (e) Interpret your conclusion in the context of the application. There is sufficient evidence at the 0.05 level to conclude that the true proportion of college students favoring the color blue differs from 0.24. There is insufficient evidence at the 0.05 level to conclude that the true proportion of college students favoring the color blue differs from 0.24.

In: Statistics and Probability