Posted: February 26th, 2023

Week 3 Discussion 1!

 (Discussion Question One)

·Discuss how can management control cash. Your discussion should include what tools management may use to control cash.

· Using the same company and annual financial statements that you chose for your Week 1 Discussion Forum Reading and Using the Annual Report Case Study, disclose the company’s cash balance, and discuss if you believe the company has too much or too little cash. Be sure to support your opinions with supporting facts.

· Discuss management’s responsibility to establish overall basic internal controls. Provide a real-life example from a work situation where you saw basic internal controls in place.

Your initial response should be a minimum of 200 words. Graduate school students learn to assess the perspectives of several scholars. Support your response with at least one scholarly and/or credible resource, in addition to the text.

(Discussion Question Two)

You may consider using the same company and annual report that you chose for your Week 1 Discussion Forum, Reading and Using the Annual Report Case Study. This choice will work only if the company is using the straight-line depreciation method. The company’s choice of depreciation method can be located in the notes to the financial statement in the annual report. If the company does not use this method or does not have long-term assets, you will need to choose another company. Select a company that a fellow student has not already posted.

Using your selected company’s financial statement,

· Calculate the average life, average age, and asset turnover ratios. Discuss what each ratio tells you in the context of your chosen company.

· Calculate the accounts receivable turnover ratio and convert that ratio into days. Discuss what each ratio tells you in the context of your chosen company.

Your initial response should be a minimum of 200 words. Graduate school students learn to assess the perspectives of several scholars. Support your response with at least one scholarly and/or credible resource, in addition to the text.

For our first discussion, I have chosen the company Apple Inc. Apple is a company that everyone

knows about in the US and other countries. There is most likely some apple device in almost all

households today. Apple Inc. It manufactures computers, tablets, smartphones, smartwatches,

and computer software.

Current assets divided by current liabilities calculate the current ratio. For the years 2021 and

2020, they are as follows.

2021 1.0

2020 1.4

If you notice, there is a decrease between the two years. However, it is not enough to be worried.

The profit margin ratio is when the sales percentage becomes a profit for the company. If the

yield is high, it shows that your business is doing well and can pay for itself and then some. To

calculate the profit margin ratio, you must divide net income by net sales.

2021 26.6%

2020 20.9%

From the two numbers, you notice that from 2020 to 2021, the margin has risen by over five

percent. This could be due to many reasons, but it was primarily due to sales.

Management Discussion

In the discussion for this company, the pandemic was the topic of conversation and how it

affected the company. However, what was done to help with it? Stores were closed temporarily,

and individuals were forced to work remotely. The company continued to move forward.

Auditor & Assessment

Since 2015, Ernst & Young LLP has conducted Apple’s audit. According to accounting, the

company is positive and will remain firm. They were causing Apple to be a good company in all

standings. If I were asked to rate this company and give my thoughts, I would say that the

company is in an excellent situation. Furthermore, we will continue to move forward positively

with the new products and their software continuing to get better. I say this is a positive

investment.

Reference:
Porter, G., & Norton, C. (2018). Using financial accounting information: The alternative to

debits and credits (10th ed.). Retrieved from https://www.cengage.comLinks to an external site.

Apple Inc Retrieved from:
https://www.sec.gov/Archives/edgar/data/320193/000032019319000119/a10-

k20199282019.htm Links to an external site.

Report of Ernst & Young Retrieved from:
https://yahoo.brand.edgar-

online.com/efxapi/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?Links to an external

site.SectionID=10973752-377625-381389&SessionID=K2J4eHhot2Fcjg7

https://ashford.instructure.com/courses/101509/pages/important-read-first

https://ashford.instructure.com/courses/101509/pages/important-read-first

https://www.cengage.com/

https://www.sec.gov/Archives/edgar/data/320193/000032019319000119/a10-k20199282019.htm

https://www.sec.gov/Archives/edgar/data/320193/000032019319000119/a10-k20199282019.htm

https://yahoo.brand.edgar-online.com/efxapi/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?

https://yahoo.brand.edgar-online.com/efxapi/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?

https://yahoo.brand.edgar-online.com/efxapi/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?