Tedra Colzie American Intercontinental University Unit 5 Individual Project Principles of Accounting I (ACCT205 -1502A -03) May 18, 2015 Abstract This paper will give an accounting analysis of Walmart. This paper will cover Discuss methods used to account for assets, liabilities, and shareholder equity. It will also explain the company’s approach to internal controls, prepare and interpret the results of horizontal and vertical analyses of the financial statements and prepare and interpret the results of at least 5 ratios. Walmart Introduction Walmart is one of the worlds largest supercenter with over 3,275 store nation wide. “Walmart helps people around the world save money and live better -- anytime and anywhere -- in retail stores, online and through their mobile devices.
Wal-Mart has faced numerous lawsuits for inequitable labor. The huge market enterprise values its employees with little respect. For example, it demands for long hours and overtime shifts to meet holiday sales. This is one of the reasons why the company has earned an outstanding profit over the decade. Yet, with all the affluence the company has, it still does not compensate for workers' healthcare benefits nor their low wages.
Ballinger discovered over 17,000 accounts of violation and vast amounts of corruption and bribery involving the Nike Inc.'s subcontracting companies and the Indonesian government. Early action taken by the Indonesian government includes a minimum wage raise from 2100 rupiah to 2500 rupiah but according to observations this wage proved to still be unsatisfactory with many factories ignoring the change in the law. Nike Inc. faced intense scrutiny and criticism but despite that, Nike Inc. kept on insisting that labor conditions in subcontracting factories are not and are neither Nike Inc's concern nor their responsibility. After
The Indonesian Nike workers have their hard times while working in the shops, such as getting paid with a low sum of money. The reasons why adults have jobs is to accumulate money to pay for monthly expenses and for their children, but a family of four is hard to come by in Indonesia. “Nike employee’s families sometimes sleep in the workshop to have a roof over their heads” (Nike faces new worker
Walmart Stores Inc. is a US-situated global discount supermarket chain that has more than 11,000 stores in 27 countries and serves nearly 260 million customers each week. Founded in 1962 by Sam Walton, today Walmart has 2.2 million employees globally and it is the world’s largest retailer. Below the operating results of the company are shown (Annual Report): Walmart business strategy is based on ‘everyday low prices’ philosophy of the company. In other words, Walmart pursues cost leadership business strategy enabled by the economies of scale derived by the company in a significant extent. The main strategic goals of the company are: 1.
Kids are the future of the world, but nowadays, powdered milk, as one of the main food for babies, are covered by problems and problems. According to "Tainted-Baby-Milk Scandal in China." Published by the Time news website, this does make the article more reliable since sometimes Chinese authors are under government control, they want to report the fact but they just can’t. These two authors talks about Chinese powdered milk from two points, the toxic and the sad effect as well as the Sanlu "melamine" incident. This article talks about China 's milk powder’s safety, which is truly worse than what you thought; you can never imagine how toxic it is.
This personal reflective are my views and attitudes towards the horrific things and great extents that people will go to towards making money. There are horrible things are shown through the documentaries, The Cove and Food Inc. which causes some harmful problems with humans. How have the documentaries Food Inc. and The Cove impacted your understanding of things humanity will do to make money? Food Inc. directed by Robert Kenner is a documentary that examines corporate farming in the United States. It discusses the use of organic products that are grown by legitimate farmers versus the genetically enhanced products grown by farmers that are paid enormous amounts of money to produce massive amounts of products quickly and to keep their mouth shut when being interviewed.
PEE 3: Money is not made to buy happiness, Money is only made for soly convenience, not for happiness. And the lengths that people go through to get money is frightening, people would work countless hours just to gain money which would stress them out a lot. These day people would work 47 hours a week in America and 20% of them would work 49 hours a week. And under 30% are not stress or are happy with their
CIMB ranked 2nd largest banking group in Malaysia with RM154billion in assets, RM94billion in customer deposits and RM98billion in loans. Besides, CIMB enlarged its branch network with approximately 383 branches nationwide after merger. After merger, CIMB will have a stronger presence in consumer banking for example strong credit card and better business banking, improves risk profile and diversifies earnings stream. In terms of market leadership, CIMB ranked number one investment banking franchise in Malaysia and number one asset manager in Malaysia with total AUM of about RM18 billion. CIMB provide significant market leadership for credit card, sub-prime lending, auto finance, etc.