Refer to the financial statements of CVS and Southwest Airlines Co. in the Supplement to Chapter 5.
Question:
Refer to the financial statements of CVS and Southwest Airlines Co. in the Supplement to Chapter 5. What is the total revenue for CVS and Southwest on the respective income statements? How do you think the nature of each business will affect revenue recognition for prescriptions filled for CVS versus airline tickets for Southwest? When do you think cash is received and revenues are earned for each company?
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (9 reviews)
CVSs Revenues are 874719 million Southwests revenu...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Refer to the financial statements of Canadian Tire Corporation (Appendix A) and RONA Inc. (on Connect) and the Industry Ratio Report (Appendix B on Connect). Required: 1. Canadian Tire Corporation...
-
Refer to the financial statements of American Eagle Outfitters given in Appendix B at the end of this book. Compute the following ratios for the most recent reporting year for which you have...
-
Refer to the financial statements of American Eagle Outfitters (Appendix B) and Urban Outfitters (Appendix C) and the Industry Ratio Report (Appendix D) at the end of this book. Required: 1. Compute...
-
A cost function is a mathematical expression of how cost drivers affect a particular cost. However, an intuitive understanding of cost functions is just as important as being able to write the...
-
What are the implications of treating losses as passive?
-
The tree-level invariant amplitude for the equivalent of Compton scattering in scalar QED was calculated in Eq. (7.6.54). Use this to calculate the unpolarized differential cross-section \(d \sigma /...
-
Explain how the physicianpatient relationship can be improved.
-
The stockholders equity accounts of Joey Corporation on January 1, 2012, were as follows. Preferred Stock (10%, $100 par, noncumulative, 5,000 shares authorized).. $ 300,000 Common Stock ($5 stated...
-
Suppose you take a 30-year fixed-rate mortgage for $250,000 at 5.25%, monthly payments with a two discount point rebate (negative discount points) to the borrower. Assume that you have no other...
-
Calculate the liquidation of the Corporate Tax in a word document, using the following scheme.: Accounting result +/- Permanent differences +/- Temporal differences - Set-off for tax bases from...
-
Refer to the Summary of Significant Accounting Policies in the notes to the financial statements in the CVS Corporation annual report at the end of Chapter 5 to answer these questions: 1. How does...
-
Match the concepts of accrual accounting on the right with the assumptions or actions on the left: _______ 1. Assumes expenses should be assigned to the accounting period in which they are used to...
-
Kenosha Winter Services is a small family-owned snow-removal business. For its services, the company has always charged a flat fee per hundred square metres of snow removal. The current fee is $12.75...
-
Boran Stockbrokers, Inc., selects four stocks for the purpose of developing its own index of stock market behavior. Prices per share for a 2009 base period, January 2011, and March 2011 follow....
-
Design a modular program that calculates and displays a persons body mass index (BMI). The BMI is often used to determine whether a person with a sedentary lifestyle is overweight or underweight for...
-
A trucking firm handles four commodities for a particular distributor. Total shipments for the commodities in 1996 and 2011, as well as the 1996 prices, are reported in the following table. Develop a...
-
An automobile dealer reports the 1994 and 2011 sales for three models in the following table. Compute quantity relatives and use them to develop a weighted aggregate quantity index for 2011 using the...
-
Data on quantities of three items sold in 1997 and 2011 are given here along with the sales prices of the items in 1997. Compute a weighted aggregate quantity index for 2011. Quantity Sold Item 1997...
-
Scan a typical stipulated sum contract and identify those clauses that prescribe, modify, or are related to time considerations. Then develop a chronological timeline (similar to Figure 3.1) for the...
-
Chapter 9 Stock Valuation at Ragan Engines Input area: Shares owned by each sibling Ragan EPS Dividend to each sibling Ragan ROE Ragan required return Blue Ribband Motors Corp. Bon Voyage Marine,...
-
Write short notes on the following: (a) Minority shareholders interest (b) Joint venture
-
Using the data in SE2, calculate the cost of ending inventory and cost of goods sold according to the average-cost method under the periodic inventory system. (Round final answer to the nearest...
-
Using the data in SE2, calculate the cost of ending inventory and cost of goods sold according to the FIFO method under the periodic inventory system. In SE2, Assume the following data with regard to...
-
Using the data in SE2, calculate the cost of ending inventory and cost of goods sold according to the LIFO method under the periodic inventory system. In SE2, Assume the following data with regard to...
-
Find the first derivative of the following equation: a. b. y=e3x y=e(x+1) d. y=125x+16-2x y=ln x y=ln (3x+x1) y=In (x+1)
-
The Cutting Department of Lasso Company has the following production and cost data for August. Production Costs 1. Started and completed 9,600 units. Beginning work in process $0 2. Started 2,300...
-
There is sufficient evidence to support the conclusion that a robust relationship exists between drugs and crime. Explain and discuss the studies that support this conclusion. Further explain and...
Study smarter with the SolutionInn App