Accounting assignment Essay Example | Topics and Well Written Essays - 1000 words - 1

Accounting assignment - Essay Example ac, a portfolio of professional and consumer software applications, a variety of service, support and accessory offerings and the OS X and iOS operating systems. 2) Examine its Balance Sheet. Make a list of different accounts of Assets, distinguishing between Current and Non-Current (Tangible and Intangible), and Liabilities, distinguishing between Current and Long-Term Liabilities. Under this disclosure there are several items that are listed. These items include basis of presentation and preparation of financial statements. They prepared and presented under the U.S. GAAP. The company’s fiscal year ends on last Saturday of September and has 52 or 53 weeks period. The second item is revenue recognition, financial instruments and foreign currency translation. This shows the Company’ revenue generating activities and items. Under this note there are items such as Cash, Cash Equivalents and Marketable Securities, derivative financial instruments and accounts receivables. The other disclosures include income taxes, long term debt, shareholder’s equity, comprehensive income, benefit plans, commitments and contingencies, segment information and geographic data and selected quarterly financial information that are not audited. 4) Calculate the gross profit percentage for each of the years shown in the company’s income statements. Evaluate the company’s trend in sales and gross profit. By what percentage amounts did net sales increase or decrease in each of the years reported? The company’s sales are increasing at a stable rate however the increase in cost of sales causes the gross profit to decrease. Gross profit increases in the year 2012 but decreases in the year 2013. In the year 2012 net sales increased by (156508-108249)/108249= 44.58 percent. In the year 2013 it increased by (170910-156508)/156508= 9.20 percent. The company reports both investments in short term and long term marketable securities. These marketable securities are carried ate their

Business and Sustainable Development Essay Example | Topics and Well Written Essays - 1500 words

Business and Sustainable Development - Essay Example Thus, both government and business are faced with huge challenges of issues related to climate change and global warming across the globe. Changing climate and global warming Climate change broadly refers to drastic change in weather conditions that adversely impact the living conditions across the globe. The recent changes observed in the global climate have become a huge concern for the environmentalists. The last few years have seen long and hot summers in Australia and Europe. The rising of sea levels at alarming rate due to melting of Antarctica and arctic oceans and climate related disasters are few of the repercussions of using natural resources with little or no sense of responsibility. Pielke et al (2003) assert that climate change that causes extreme weather conditions and natural calamities is much greater in regions having poor infrastructure, huge populations etc. In the recent times, the huge damage to the coral reefs and their gradual decline has been a great concern t o the scientists. Wilkinson (2002) claims that about 30% of coral reefs are already seriously damaged and close to 60% may be lost by 2030. This is highly distressing because coral reefs are major facilitator of ecosystem services to the human societies. They contribute through industries like fisheries, coastal protection, building materials, new biochemical compounds, and tourism (Hoegh-Guldberg, et al, 2007). Thus, threat to their existence would not only have adverse impact on environment leading to climate change but would also have long term repercussions on the survival of human societies. Drivers of climate change Dyson (2005) says that economic development is correlated to the fossil energy – coal, oil and natural gas. The industrial revolution has been a catalyst to the exploitation of natural resources like coal, wood and other types of natural resources. The technological advancements and globalization has further accelerated the misuse of the same. The conservati on and preservation of natural resources become vital part of survival because they are important part of population dynamics as its sustenance depends on the available resources. Indeed, human threats to the environment incorporate significant factors that are intrinsic part of development process. Social scientists have contested that various drivers of climate change contribute towards sustenance of life forces and determine the characteristics of natural and managed system comprising of cryosphere, hydrology and water resources, marine and freshwater biological systems, terrestrial biological systems, agriculture and forestry etc. (Parmesan and Yohe, 2003; Thomas et al., 2004). Managed system broadly refers to systems that are dominated by considerable human input like agriculture, fisheries, health etc. Another important fact is that an unprecedented increase in population growth in the last quarter has introduced new challenges in its wake. While it has put great burden on the land resources, availability of the other natural resources like clean drinking water and fresh air have also been adversely impacted. Carbon emissions, green house effects etc. are also key factors that have direct impact on climate change leading to global warming and erratic weather schedule. Management