ipl-logo

Apple Computers, Inc. Tax Profit

958 Words4 Pages

Apple Computers Inc. Apple Computer Inc, was found in 1976 by two electronic enegineers Steve Jobs and Steve Wozniak who partnered up and decided to change the technology world by inventing Apple. The main goal of Jobs and Wozniak was to make technology a user friendly for everyone. In 1977, Apple modified the computer industry by producing the first color graphics. This production increased the sales up to $117 million in 1980 ( Terrell). However after several years Wozniak left Apple in 1983 due to a temporary memory loss. After several years in the market, Apple was doing very well between 1980s to 1990. However in 1990, Apple suffered for six years due to their need to inventing a new operating system after they bought out NeXT Software. …show more content…

Apple Inc tax Profit has dropped down from $251.9 million in 2014 to $208 million 2015. According to Khadem Apple has taken advantage of accounting rules in its local business that could allow it to pay virtually no tax in Australia on its profits in 2016. Apple financial accountant explain that if the company makes profit, it can use $200 million in “deferred tax assets” as an offset to their future profit. Apple paid about $85 million in Australian income tax in 2015 in spite of making $7.9 billion in local revenue. Its business income was up 29.5 for every penny from 2014 when it made $6.1 …show more content…

According to Ximenez and luis, they stated that Apple Apple's balance sheet was quite solid, and the company did not have any financial debt. Likewise, the company had high liquidity, with more than $100 billion in cash and liquid investments. However they also stated that in mid 2012 Apple had some liquidity that were not solid, not only that but the interest rates on the markets for quality investments were very low which mean low cash surpluses. Later in 2012, Apple announced that they would pay out cash dividends then the company will pay it back quarterly ordinary dividend of $2.65 per share, or $10.60 annually per

Show More
Related
502 Words | 3 Pages

COMPANY SALES TAX (16th Amendment Multi tax) Companies pay “Company tax” to the Federal Government and the market place as a sales tax as prescribed under the 16th Amendment. Only Companies make money on products and services in the market place; therefore, all the products and services in the market will be tainted with the “Company sales tax.” Other Companies also passed “Company taxes” to the market place.

Read More
986 Words | 4 Pages

In 1976, Jobs and Wozniak started the company in a garage, and they funded their entrepreneurial adventure by selling their most precious belongings. When Apple was struggling in the late 1980s, Jobs put the company back on track. His ingenious products such as the iMac, effective branding campaigns, and stylish designs caught the attention of consumers once again. In addition, Steve Jobs invested fifty million dollars in Pixar Animation Studios, and he helped them grow to four billion dollars.

Read More
836 Words | 4 Pages

is headquartered in Cupertino, CA, and is a leader in the technology market for consumer. Apple Inc. is listed under the New York Stock Exchange as “AAPL”. Apple Inc. is known for its inventions such as the iPhone, iPod, iPad, iOS, Apple watch, Mac, along with other hardware and operating systems available. Apple has 490 retail stores within 20 countries as well as an online store available to those that can access the internet within specific regions.

Read More
293 Words | 2 Pages

Apple Stocks Apple is a multinational technology company, based in America. Currently, the company is said to be the biggest in terms of designing, developing and selling consumer electronics, and software services. The reported 2017 revenue was $ 229.234 Billion driven forward mainly by the new release of Apple X iPhone. Apple employs, 123,000 fulltime employees who work in 499 retail stores across the world and others within the headquarters designing and developing electronics and software. Currently, the value of the company is at $700 Billion owing to its revenue-generating capability, global market, assets and market potential.

Read More
1153 Words | 5 Pages

So that means basically around 40 per cent of the payments made to buy Apple products in Australia has escaped Australian tax and at the same time escaped tax anywhere in the world. Further, with the use of deferral, Apple is entitled to pay no tax on its international sales in the US until it brings back the profits to its US bank accounts. Apple Sales International has reported more than $US100 billion ($112 billion) of profits in the last five years however it has paid less than 50¢ in tax on every $1000 of income. Tax experts say there is nothing to stop Apple and other multinationals from siphoning revenue out of Australia to avoid tax, pointing to a US congressional inquiry that found Apple moved $US74 billion beyond the reach of the US tax authority between 2009 and 2012.

Read More
331 Words | 2 Pages

Low income and poor people in other nations in which Apple operates don't get any taxes from the profits made by Apple. Its Americans and international shareholders who benefit from dividends paid by Apple. When Apple starts paying its fair, legal and moral share all will benefit except for a one off to the share price. Countries are fighting to get companies and jobs. Free trade agreements prevent anyone from charging tariffs.

Read More
1069 Words | 5 Pages

current ratio with its competitors it seems like Apple Cooperation is doing pretty well. After comparing it with Microsoft current ratio of 2.52 I see that it suggests the company can comfortable manage its borrowing cost but this is more or less important depending on how consistent Microsoft earning are. The current ratio for Microsoft as well as Goggle is higher than Apple’s total current ratio. Google has a total current ratio of 4.76, it may look like google looks like they have a strong current ratio but this may also cause concern that the company is inefficient at investing the cash it has. Sony Corporation has a current ratio of 0.9 which seems pretty low and seems to suggest Sony could struggle to pay its liabilities and might go bankrupt.

Read More
150 Words | 1 Pages

According to the income statement of Intel, the net revenue is $59,387 million with $10,316 net income. The net income in 2016 contributed 17.4% of revenue. This indicates the good performance of the company. In terms of AECOM, even the net revenue is $17,411 million in 2016, AECOM can generate the net income at only 0.6% of the revenue which is $96 million. Compared the factor ratios between Intel and AECOM, the net revenue in 2016 of Intel is 3.41 times of AECOM, meanwhile the COGs is only 1.38 times.

Read More
1989 Words | 8 Pages

D Block Research Question: How does the agriculture, class structure and religion help the growth and poem of the Maya Empire? If the doomsday is coming upon us, what are we going to do? According to the Maya calendar, the end of the world would occur on December 21, 2012 — which luckily didn’t happen. The Maya, except for their advanced knowledge of mathematics and astronomy which allowed them to develop a complex calendar system, also made great achievements in agriculture, language and architecture.

Read More
694 Words | 3 Pages

Many people are familiar with serial killers like Ted Bundy and Jeffery Dahmer because of recent exposure in the media through streaming apps like Netflix. However, the one my research paper describes is one commonly unknown. He goes by the Golden State Killer. Throughout his killing spree, he lived in different locations of California, but undercover as what people trust the most. Research shows the peaceful life he had with his family during the day and the gruesome monster he evolved into at night.

Read More
413 Words | 2 Pages

Changes in the economy can affect businesses like Apple, Let’s take a look at the U.S recession that took place in 2008. During this period unemployment was rising and according to the Department of Labour, roughly 8.7 million jobs were lost and the GDP was reduced by 5.1% making it a negative environment to be in especially for Apple Inc. To add, being in a recession like this also has effect on the consumers purchasing Apple products because in result they would have less disposable income to contribute towards Apple’s sales and revenue. (Murse, n.d.) Political

Read More
1140 Words | 5 Pages

In 1984 the Mac was released with outstanding reviews, however the sales were inadequate, therefore putting them on a short leash budget wise. Sometime in the spring of 1985, a primary apple investor made it clear that if Jobs were left uncontrolled, both he and Sculley would be fired. Sculley then replaced Jobs with a French marketer named Jean-Louis Gassée, whom he loathed. Soon after, when Sculley was out of the country on business, Jobs articulated a plan to split apple into four divisions.

Read More
3700 Words | 15 Pages

Executive Summary On April 1, 1976, Apple Company was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne. Apple headquarters is located in Cupertino, California. Apple Inc. designs, produces, and sells various media devices (apple.com, 2014).

Read More
1472 Words | 6 Pages

Apple Company. Is an American multinational firm that layout and manufactures shopper electronics and PC software products. Apple was founded on the first of April, 1976, at the hands of "Steve Jobs" and "Steve Wozniak" and "Ronald Wayne" for the sale of personal computers called "Apple. The company manages more than two hundred and fifty shop of retail stores in nine countries, and shop on the Internet sold by hardware and software products. The reason why I choose this organization is because it 's very successful and famous device everywhere in world.

Read More
1305 Words | 6 Pages

The company 's main growth driver engine is Smartphone business and Tablets. Apple Company (officially Apple Inc.) is one of the most famous companies in the world, they are the producers of iPods, Mac computers and the iPhone. The California based organization designs, develops and sells consumer electronics, computer software, and personal computers. It was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne, since then Apple has risen to become one of the largest companies in the world.

Read More

More about Apple Computers, Inc. Tax Profit

Related Topics

Open Document