The types of products American Eagle Outfitters, Inc, sells are women, men, and children’s clothing and accessories. The target customers are people in an age range from fifteen to twenty-five. American Eagle Outfitters, Inc also has a women’s store named aerie that sells women’s appeal. Women that need that confidence boost or to make themselves feel attractive that can shop at aerie for that special offer (Bethel University, 2017). According to Bethel University (2017), the date American Eagle Outfitters Inc. most recent reporting year end is January 31, 2015. The date listed was retrieved from all four of the financial statements from American Eagle Outfitters, Inc, as well as retrieved from the Form 10-K. American Eagle also post all their …show more content…
The complete year starts on February 01, 2014 and ends on January 31, 2015. This company tries to end a year as close to January 31st as possible to end their fiscal year (Bethel University, 2017). American Eagle Outfitters income statement completes three fiscal years. The first year is February 02, 2013. The second year is February 01, 2014. The third year is January 31, 2015. During those three years that have decreased in net revenue in the thousands (Bethel University, 2017). American Eagle Outfitters cash flow statements has the same three fiscal years completed as the income statement. The year starts on February 02, 2013, the second year is February 01, 2014, and the third year is January, 31, 2015. According to Bethel University, (2017), The footnote to the financial statements from February 01, 2014, American Outfitters Inc., had treasury bills that helped their cash equivalents for that year, however they did not have any treasury bills in January 31, 2015 to help them out. The net income amount that is shown on three statements show $80,322 in the thousands. The three statements are operation statement, income statement, and the cash flow statement. Per all three statements the net income has decreased in the thousands over the last three fiscal years (Bethel University,
Depending how much running I do affects how long any given pair will last, but I budgeted for two-three pairs a year in the event that I begin training for a marathon. From shoes to clothes, my personal expenses are lightweight as well. I am not one to buy new clothes all the time and go on crazy sprees, but when I do end up buying clothes it typically is a larger purchase than I would like. As for my other personal expenses, I know that I love to spend money on gifts for my friends.
Augustana College has been around since before slavery was abolished. Naturally, this will lead to multiple changes in the campus policies, the norms of campus society, and on student’s behavior. Furthermore, how is it different from campus today? This analysis will analyze Augustana College during the 1950’s, and discuss what was common in that time, what is different, and how it changed.
When is the federal budget prepared? The federal budget is prepared each February for the coming fiscal year, which begins on Oct. 1. Who is responsible for preparing the federal budget?
Almost everyone knows that the Pennsylvania State Budget is long pasted overdue. It has been early five months of no progress whatsoever. Usually around this time college students are just worried about going home for Thanksgiving break and getting through finals week so that they can go home for winter break. However, college students are starting to feel the burdens of the state budget not being approved. Since the state budget is not approved yet college students are not getting their PHEEA state grants to help them pay for their college education.
Delta Air Lines Inc. The Rich History, Financial Statements and Position in the Market Delta Airlines Inc. founded by C.E. Woolman in 1928, began as a humble little aerial crop dusting operation out of Macon, Ga called Huff Daland Duster in 1924. Later renamed Delta Air Service in 1928 and flying its first passenger on June 17,1929 has definitely come a long way. From flying living vegetable plants to now flying over 160 million passengers to their destination of choice each year, is one of today’s global giants in the airline industry. Delta Air Lines commitment to exceptional service has given them the title of trendsetters in the industry.
Products and Services 2.1 Products Under Armour specializes in products for all age groups and has product lines for men, women, and children. Under Armour’s products can be divided into three product categories: Apparel Footwear Accessories 2.1.1 Apparel Under Armour’s apparel is offered in
Strengths GAP Inc. originated from a small company 1969. In its early stages, the company invested into making its iconic name into “jeans that fit”. Over time it utilized a multi- channel marketing system which allowed it to generate its “brand name” to provide for an effective recall. With a robust network, both domestically and internationally it was able enabled its products to be accessible and sold worldwide. Therefore, this led to the expansions on of various subsidiaries.
Introduction: Fair cost is the cost that is estimated or can be determined by the market while historical cost is related to the cost that is fixed i.e. purchasing cost. Fair cost is the cost on which the assets can be sold or exchanged among the different parties and the liabilities can also be settled with the other parties while the historical cost of an asset is that cost on which that particular asset was purchased. The fair value of an asset can be determined from the current situation of the market because it is the market value of the asset while the historical cost is always fixed; it can’t be changed with the passage of time because the cost during the purchase remains the same. The fair value is determined by using some models rather
Second, the owner is correct in assuming closing revenue accounts late would look better on year-end statements but it could cause potential problems for the next tax years. Next years revenue accounts would be short
Over the past five years, Under Armour, Inc had 29% average growth of sales a year. Astonishing growth for Under Armour in well-established sportswear industry is supported by tripled increase in assets since 2010. Interestingly, Under Armour did not increase its long term liabilities, particularly debt, over same period of time. Increase in value of assets was supported by increase in owner’s equity, which has triples since 2010.
A year-end income statement shows the income and expense performance for the company for the entire year. Monthly and quarterly income statements are often issued as well. The balance sheet, on the other hand, only shows a picture of the company on a single date in time. The balance sheet does not reflect a period of time but rather a moment in time.
According to IBIS, Marshalls specializes in the Family Clothing Store industry. This industry contains retail stores that sell non-gender specific attire for both adults and children. IBISWorld forecasts steady growth for the FCS industry. The industries revenue is expected to grow at an annual rate of 2.8% over the next five years to 2020 to reach 115.3 billion. TJX Companies Inc. controls around 14.3% of this market and is expected to grow steadily.
Preparing the financial statements is the most important steps in the accounting cycle. Balance sheet, income statement, statement of changes in equity and statement of cash flows will be prepared in order to provide useful financial information to the external users. The income statement or known as profit and loss statement is a report that display the income and expenses of the company during the accounting period. The income statement also served to calculate the net income or loss of a company by deducting the total expenses from the total income and this calculation shows investors and creditors the overall profitability of the company as well as how efficiently the company is at generating profits from total
Under time period assumption, we prepare financial statements quarterly, half-yearly or annually. Theincome statement provides us an insight into the performance of the company for a period of time. Thebalance sheet (also known as the statement of financial position) provides us a snapshot of the business ' financial position (assets, liabilities and equity) at the end of the time period. The statement of cash flows and the statement of changes in equityprovide detail of how the company 's financial position changed during the time period. One implication of the time period assumption is that we have to make estimates and judgments at the end of the time period to correctly decide which events need to be reported in the current time period and which ones in the
The changing from the normal calendar year (June - March) to the new calendar year (August - May) is still a big question of other schools. As stated on Republic Act no. 7797, school calendar must be a maximum of 220 class days, and the school year should start on the first Monday of June but not later than the last day of August. Top universities like Ateneo De Manila University, University of Santo Tomas and University of the Philippines shifted their academic year yet there are still debates concerning the shifting of the new academic year. As discussed on an infographic (Salano, 2014), there are some pros and cons that should be considered on applying the new academic calendar as listed below: Pros: