Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

Accounting


Home >> Accounting Basics

Background: As one of the world's largest retail giants, Wal-Mart provides a perfect illustration of inventory disclosure.

Required: Locate the Investor Relations section of Wal-Mart's corporate website, and access the 2013 annual report. The 2013 financial statements are for the period February 1, 2012 - January 31, 2013. Refer to http://stock.walmart.com, the 2013 10-K http://www.sec.gov/Archives/edgar/data/104169/000010416913000011/wmt10-k.htm to answer the following questions.

1. Discuss two types of information, other than financial statements, that can be found on Walmart's Investor website.

2. Briefly discuss why you think Walmart has chosen a fiscal year end of January 31.

3. What is Walmart's ending inventory as of January 31, 2013? What percentage of Walmart's total assets is the Inventories asset?

4. What is Walmart's Cost of Sales expense for 2013? Walmart does not highlight Gross Profit on its Income Statement. What is Walmart's 2013 Gross Profit? What percentage of Walmart's Net Sales is Cost of Sales expense?

5. Briefly discuss Walmart's key accounting policies related to inventory. Which of these methods did we cover in class?

6. Locate Walmart's discussion of purchase obligations in Management's Discussion and Analysis. What is the total of payments due 2014 related to purchase commitments? What does Walmart include in this amount? Are purchase orders included?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9278398
  • Price:- $40

Guranteed 36 Hours Delivery, In Price:- $40

Have any Question?


Related Questions in Accounting Basics

Question this project paper is an individual assignmentthe

Question: This Project Paper is an individual assignment. The company you select for this Project Paper is up to you; however, it must be a publicly traded company whose financials are available on the internet. You will ...

Question a firm has consistently adjusted its allowance

Question: A firm has consistently adjusted its allowance account at the end of the fiscal year by adding a fixed percent of the period's sales on account. After seven years, the balance in Allowance for Doubtful Accounts ...

Question - at the beginning of the year management had

Question - At the beginning of the year, management had estimated that total manufacturing overhead would be $591,360 and had planned to apply overhead to jobs based on an estimated use 42,240 of machine hours. The actua ...

Question - jennifer is a cpa and a single taxpayer using

Question - Jennifer is a CPA and a single taxpayer using the standard deduction. In 2018, her CPA practice generates net income of $162,000 and she has no other income or losses. Jennifer's taxable income before the QBI ...

Question - flounder corporation sold 3490000 7 5-year bonds

Question - Flounder Corporation sold $3,490,000, 7%, 5-year bonds on January 1, 2017. The bonds were dated January 1, 2017, and pay interest on January 1. Flounder Corporation uses the straight-line method to amortize bo ...

Question - total fixed costs for randolph manufacturing are

Question - Total fixed costs for Randolph Manufacturing are $754,000. Total costs, including both fixed and variable, are $5,000,000 if 160,000 units are produced. The variable cost per unit is A. $26.54/unit. B. $31.25/ ...

Question - jimeniz enterprises issued 9 5-year 2600000 par

Question - Jimeniz Enterprises issued 9%, 5-year, $2,600,000 par value bonds that pay interest semiannually on September 1 and March 1. The bonds are dated September 1, 2014, and are issued on that date. The market rate ...

Question - lionel is an unmarried law student at state

Question - Lionel is an unmarried law student at State University Law School, a qualified educational institution. This year Lionel borrowed $24,000 from County Bank and paid interest of $1,440. Lionel used the loan proc ...

Question - bonita corporation had january 1 and december 31

Question - Bonita Corporation had January 1 and December 31 balances as follows. 1/1/17 12/31/17 Inventory $90,000 $109,000 Accounts payable 53,000 62,000 For 2017, cost of goods sold was $441,000. Compute Bonita's 2017 ...

Question purpose of assignmentthis assignment asks you to

Question: Purpose of Assignment This assignment asks you to describe a new business you'd like to start, as well as the advantages and disadvantages of starting a business from scratch versus buying an existing business. ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved