Monday, December 9, 2019
Question: Discuss about theCurrent Issues in Accounting and Corporate Governance for Financial Reporting. Answer: The Main Theme of the Reading The theme of the reading is to explore on the fair value as the measurement and the impact it has on the accounting policy choices (p.1). Additionally how these concepts are comparable to the financial statements in the adoption of the international Financial Reporting Standards (Cairns, Massoudi, Taplin Tarca, 2011). The concept of the fair value tends to capture on the inherent value of the conceptual framework. What was the Problems? The real collapse of ABC was not merely on business failure but a government policy failure. Another aspect issue was due to the ignorance of the fundamental sounds of accounting principles. At the end of 2006, the ABC Company was trading on the market share at around $8.60 and less than 2 years the shares were worth around 54 cents (p.2) and the company was placed in the hands of the administrators, there was issue of debt and a crisis of liquidity and inflated assets value (Cairns, Massoudi, Taplin Tarca, 2011). Moreover, the company relied on the increase stock price to help fund ceaseless expansion in USA and British market. They were vulnerable to share price collapse. What Have Learnt and Solutions to Issue of ABC Case The best solution on the issue is to have appropriate structure set by the government towards the management of the childcare policies; they should start playing the role of governance which can commensurate with financial significance(p.3). Moreover, organization need to maintain sound accounting practices and uphold on ethical responsibilities (Shortridge, Schroeder Wagoner, 2006). The advantage of guidance of accounting practice help organization to prepare and present financial statement while disadvantage is ignorance of management to follow the cumbersome process required on guideline. References Cairns, D., Massoudi, D., Taplin, R., Tarca, A. (2011). IFRS fair value measurement andaccounting policy choice in the United Kingdom and Australia. The British Accounting Review, 43(1), 1-21. Shortridge, R. T., Schroeder, A., Wagoner, E. (2006). Fair-Value Accounting. The CPA Journal, 76(4), 37.
Monday, December 2, 2019
The Involvement of Computers in Future Jobs Computer consulting is one of the important if not the most important job of our time. Computers are the future whether we like it or not. Some people dislike computers, because of the complications it takes to understand the basics. Computers are not exactly the easiest tools to work with, but they are the most rewarding, and they are the future. Future cars will all be run by computer. You will be able to talk to a car and it will take you to your destination. Telephones are technically computerized. You will soon be able to talk to a person on the telephone as well as look at the person you are talking to on a television set. Also television is computerized. Soon we will have true three dimensional television. We will be able to watch television like we never have watched it before. We will be able to touch the characters, and feel the characters like they were in the room with you. For people who don't know much about computers, you will be lost in the future. You should learn what you can while you still have the chance, because things will develop to quickly for you and you will not be able to cope with new technological events. Computer consulting is a job, I have chosen long before the advances of technology. And now it has paid off. I now have a business of my own, working as a computer consultant. I assist others in learning about computers to be able to operate more efficently in their everyday jobs. Computers will fall into careers and our everyday life more rapidly then you think. Perhaps you would like to be a teacher. You will store all class data, students work, names, grades, records all accessible by computer. Or, how about a doctor. You will use computers to examine and evaluate a patients problem quicker and more efficiently. These are only a few examples. The bottom line is, computers provide worthwhile careers. Having a job that involves computers, in terms of the conditions, is very much similar to any office job. In most of the common jobs, the worker will get to an office in the morning, sit at a desk, in front of a computer, and will do very little manual labor except a lot of typing. For example, the computer consultant we have already mentioned, might do several jobs, a few being: Traveling to clients computers, writing customized programs, repairing computer parts, and teaching/ guiding students in learning. Only the repair aspect of this job, would require actual manual labor. However, computers and computer parts are so well built and shall continue to be even more well built, that repair is only a small fraction of a consultant's daily routines. Overall, conditions for the majority of jobs dealing mainly with computers, shall include very little manual labor, unfavorable conditions, and much knowledge, typing skills, and good communication skills in dealing with people. With computers and the computer industry being the most rapidly changing industry and product in the world, the job outlook for any job dealing with computers or the industry is almost completly unpredictable. However, with the computer industry only being around for a short period of time compared to the other industries of the world, we can still get a somewhat accurate idea of where the industry is heading based on the amount of change already inccured by the technology. Firstly, computers have, over the years, been taking control of more and more of the dealings of human everyday life, and because of efficiency they have proven, it would be likely to assume that one major change of the computer industry from today until tomorrow will be control of more and more of our everyday life. For example, not only will our coffee be made by automatic machines, like Mr. Coffee, but also, we will no longer have to input the grounds, and the water to make the coffee. Computers shall be controlling the temperature of the coffee, to know when to stop it, thus eliminating our having to turn off the machine. Therefore, the outlook on the jobs relating to computers in the future, shall be not only enlarged in field, but also will encompass more aspects of everyday life than anything before in history, except for maybe sleeping. By this, it is meant that computers will not just be something that you choose to know or learn in the future, but
Tuesday, November 26, 2019
High Commitment Organizations Enterprise Rent a Car and The Cheesecake Factory both rely on customer service to build and maintain their reputation. Their employees must know the product, have customer focus, and be a willing player in the company vision. Although these companies are from different industries, they have common human resource philosophies. The human resource department is much more than a function based entity, it is a strategic partner.Enterprise Rent-A- Car uses its recruiting department as its strategic partner in obtaining and retaining talented people to work as managers. The recruiters report directly to the Vice President of their region so that they can work together to overcome the obstacles to fueling the companies growth. They realized that to fuel their planned growth, they needed to find and train qualified workers and their target audience was the recent college graduates. Enterprise is the largest employers of recent college graduates, many with little or no work experience.English: The Cheesecake Factory seen at the Palisa...The jobs are not high paying jobs, starting pay of $20,000 to $30,000 but the experience that the new graduate obtains by working in this capacity is immeasurable. During a recent MTV interview, Debbie Brill, a recruiter for Enterprise dubbed the job as "an MBA without the IOU". 1 Graduates will become managers of their own small business. They will be responsible for budgeting, customer service, product, and innovative ideas to help sell the product. The idea of picking up the customer rather than the customer coming to Enterprise was an idea of local manager in Florida. It worked out and was used across the company.Enterprise used the human resource department, particularly the recruiting department to develop "My Personal Enterprise", an employment brand. "In our employment brand, we needed to counter the perception of what our competitors generally are: rental-car companies, where you stand...
Saturday, November 23, 2019
9 Ways of Translating Ã¢â¬ËVeryÃ¢â¬â¢ to Spanish Very is one of most overused words in English. In fact, there are editors and teachers who routinely eliminate each very they come across because the word that has become so routine that it can often be left out without much change in meaning. Similarly, the Spanish equivalent, muy, is easy to overuse, especially for beginning Spanish students who dont know many alternatives. Next time youre thinking of using muy in something youre writing, consider the following alternatives. Note that with most, if not all, examples, the Spanish word could be translated Ã¢â¬â¹to English in multiple ways. Using the Suffix -Ã simo for Ã¢â¬ËVeryÃ¢â¬â¢ The suffix -Ã simo is probably the most common alternative to muy. Sometimes a type of superlative, -Ã simo and its plural or feminine forms are added to the end of an adjective that ends in a consonant. So the modified form of azul (blue) is azulÃ simo (very blue). If the adjective ends in a vowel, which accounts for most adjectives, the vowel is dropped first. So the modified form of feo (ugly) is feÃ simo (very ugly), and caro (expensive) becomes carÃ simo (very expensive). In a few cases, a spelling change is needed for pronunciation reasons. For example, if the final consonant is a z, the z changes to c. So the modified form of feliz (happy) is felicÃ simo (very happy). Some examples: Est alegrÃ sima en saber que sus padres tienen salud. (She is very happy to know that her parents are healthy.)Pocas horas antes tenÃ amosÃ un debilÃ simo frente frÃ o. (A few hours earlier we had a very weak cold front.)Mi madre tiene tristÃ simos recuerdos de la ciudad. (My mother had very sad memories of the city.)Me parece patetiquÃ simo que me mientas todo el tiempo. (It seems very pathetic to me that you are lying to me all the time. Note the spelling change from the unmodified adjective patÃ ©tetico.)Era una casa de cinco dormitorios, con piscina azulÃ sima en medio de un cÃ ©sped verdÃ simo. (It was a home with five bedrooms and a very blue swimming pool in the middle of a very green lawn.) The suffix -Ã simo can also be used with some adverbs: Ã ¡Esperemos llegar prontÃ simo! (I hope we arrive very soon!)Tengo que comer rapidÃ simo porque para ir a mi clase. (I have to eat very quickly in order to go to my class.)He formateado el ordenador y funciona lentÃ simo. (I formatted my computer and it is running very slowly.) Prefixes Meaning Ã¢â¬ËVeryÃ¢â¬â¢ The prefixes archi-, super-, and requete- are used sometimes, most often in informal speech. El senador es archiconservativo. (The senator is very conservative. Note that this prefix doesnt necessarily have the negative connotation that arch- does in English. One common archi- word is archipopular for someone or something extremely popular.)Mi novio es superguapo. (My boyfriend is very good-looking. Super is also often used by itself, rather than as a prefix, in much the same way as super can be.)Este pastel es requetebueno. (This cake is very good.) Using Bien to Mean Ã¢â¬ËVeryÃ¢â¬â¢ Usually translated as the adverb well, bien is sometimes used as a mild form of very, usually with a positive connotation. Sometimes the closest English equivalent is pretty as in hes pretty happy, est bien feliz. Other examples: La mejor hora es bien temprano en la maÃ ±ana. (The best time is fairly early in the morning.)Eso es bien tonto. (Thats quite silly.)Quisiera un tÃ © bien caliente. (Id like a nice warm tea.) Using the Adverbs Sumamente and Extremadamente Sumamente is stronger than very and can be translated as extremely or highly. Fue sumamente exitosa la campaÃ ±a de desobediencia civil. (The civil-disobedience campaign was extremely successful.)Sus niÃ ±as son sumamente inteligentes. (Her daughters are highly intelligent.) A synonym for sumamente is extremadamente: El hotel tiene un baÃ ±o extremadamente pequeÃ ±o. (The hotel has an extremely small bathroom.)Me siento extremadamente feliz que encontrÃ © la parada de bus. (Im extremely happy that I found the bus stop.) Tan Tan is an adverb most often used in phrases such as tan rica como yo (as rich as I am), but it can also stand alone without the como, when it usually is translated as so. Tus abuelos son tan cariÃ ±osos. (Your grandparents are so caring.)El carro es tan hermoso. (The car is so beautiful.) Tan is used this way most often in exclamatory sentences: Ã ¡QuÃ © dÃ a tan terrible! (What an awful, terrible day!)Ã ¡QuÃ © estudiante tan inteligente! (That student is so intelligent!) Key Takeaways The Spanish adverb muy is the most common way of saying very.The suffix -Ã simo can often be used to increase the intensity of adverbs and adjectives.Prefixes used to mean very include archi-, super-, and requete-.
Thursday, November 21, 2019
Are we too dependent on technology - Essay Example viduals who believe that it has taken over our daily routines, those who think that it only stands to benefit the world lives and some who have mixed views about technologyÃ¢â¬â¢s effects. These arguments beget the seeds of controversy on this compelling argument. According to the Google search, Voltaire said it initially: Ã¢â¬Å"With great power comes more responsibilityÃ¢â¬ . Normally one hears this quote from a title fighter, a Jedi, or a team that has successively won the Stanley Cup. I this papers the same quote may be aimed right at those who have themselves more dependent on technology. Many have been lost to technology and have lost the urge of an even developing societal skill as before. Most teenagers these days even lack the know how to use a dictionary since "Google fixes it all" so many of these teenagers dont see it as a required skill. Traditionally, children were supposed to take care of their parents at old age and through the advices they obtain better their lives. These are contrary to the modern teenage life. The modern teenager is those who sometimes 7 to 10 hours a day on the internet and other technological gadgets. They rarely find time even build their social life. This can be arguably be attributed to the dependenc y on technology. To further see how technology has to reap the world its treasures ,look around at the number of individuals who are engrossed in their personal computers, those with phones walking down the street, or while driving. No one can deny the fact that most accidents today are caused by individuals using or over-relying on various forms of technological devices such as their phones while driving, whether it is for GPS, to get on Tweeter, Facebook or anything else. Its insane and erroneous for individuals to fathom how anyone ever stays without texting, Google and GPS. In reality, Technology is a big assistance and a big problem. So how does one know when too much is too much? It can be clearly be traced to our daily routine
Tuesday, November 19, 2019
Becoming a Successful Leader in the Hospitality Industry with Ban-Ki-Moon's Leadership - Research Paper Example This paper analyses or compares the leadership styles in hospitality industry with that of Ban Ki-Moon. According to Tracy and Hinkin (1994), Ã¢â¬Å"Hospitality managers should develop a strong sense of vision to clarify and communicate organizational objectives and create a working environment that fosters motivation, commitment and continuous improvementÃ¢â¬ (Tracy and Hinkin, p.18). Since hospitality industry is a service oriented industry, the behaviors of the employees play a vital role in bringing success. Demotivated employees may not behave properly with the customers and therefore it is essential for the leaders to ensure that the customer servicing staffs are adequately motivated to their profession all the time. Relationship building with the customers is vital for the hospitality industry to keep a good image in the market all the time. Even a single bad incident can damage the reputation of the organization immensely. Ã¢â¬Å"Both "people skills" and "business skills" are needed and a good manager will exhibit both. People skills include fair play among employees, respect, problem solving abilities and customer relationsÃ¢â¬ (Leadership in Hospitality Industry). Ban Ki-Moon's leadership and the leadership in hospitality industry have lot of similarities. ... In other words, Ban is successful in treating all the countries fairly and he has shown no reservations towards any of the countries. He reacted based on situations or facts rather than the reputations. Leaders in hospitality industry should learn a lot from BanÃ¢â¬â¢s leadership style. Hospitality industry leaders should make sure that all the customers are getting adequate treatment in their organization irrespective of the differences in the origins of the customers. In other words, an American and Indian customer who booked deluxe rooms should get equal treatments irrespective of the country of origin of the customer. Ban is not only keen in solving international political problems, but also in solving environmental problems. Leaders in hospitality industry should also show better commitments towards the community in which their organization operates. It should be noted that majority of service industries generate huge amount of wastes and some hotel groups have the habit of di sposing these waste injudiciously. Taking inspirations from BanÃ¢â¬â¢s leadership, leaders in hospitality industry should make sure that none of their organizationÃ¢â¬â¢s activities would cause any harm to the environment. Waste handling and recycling should be done in an environment friendly manner so that the people staying around the hotel may not be affected in any ways. Ban is not at all interested in doing something to boost his images. He is interested in doing meaningful things rather than face saving things. Some hotel groups have the habit of doing something to polish their personal face and that of the organization. Current customers are intelligent enough to identify the motives of organizations.
Sunday, November 17, 2019
Coach Incorporated Security Analysis Paper Essay Abstract Coach Incorporated is a company established in 1941in Manhattan. Coach is in the fashion industry and this accessories manufacturer is one of the best known brands in North America. Coach was bought out by the Sara Lee Corporation in 1985 and started being publicly traded in 2000 on the New York Stock Exchange. Coach Incorporated prides it selves off of being one of the most dependable, unique, desirable, and fashionable brands in their industry. Coach has a disadvantage with its competition, being the only one publicly traded. It does not have access to the others financial records. Coach Incorporated likes to stick to tradition, whether it is in their designs or their Executive officers. Coach has a very diverse and experienced Executive team. Coach also just started a litigation campaign in 2009 called Ã¢â¬Å"Operation turnlockÃ¢â¬ to try and help with the counterfeit problem. They were recently award a large sum of money from one of the lawsuits the campaign filled for online counterfeit merchandise. Coach recently just gave $2 million to the Hurricane Sandy Relief Fund to help rebuild the community where Coach got its own start. CoachÃ¢â¬â¢s financial records are in order and are continuing to grow steadily even through the rough economy. Coach Incorporated (Coach) is a company that designs and manufactures leather goods as well as other accessories. It was founded in a Manhattan loft in 1941 as a family-run workshop. This family used skill passed down from each generation to create a unique style that became quite desirable to consumers. (Coach est. 1941, 2010) In 1985 Coach was purchased by Sara Lee Corporation. Also, in 2000, Coach as Incorporated in the state of Maryland and listed on the New York Stock Exchange for approximately 68 million shares. Their mission statement is Ã¢â¬Å"Coach seeks to be the leading brand of quality lifestyle accessories offering classic, modern American styling.Ã¢â¬ In todayÃ¢â¬â¢s world, Coach is large company that still retains high standards and craftsmanship for their leather goods. They manufacture items such as purses, suit cases, wallets, watches, accessories, shoes, jewelry, sunglasses and etc. Some of these items are manufactured through their licensing partners. Such as Estee Lauder Companies Incorporated is CoachÃ¢â¬â¢s fragrance licensing partner. (Reuters: Profile, coach, 2012) The Coach brand has Ã¢â¬Ëestablished a signature style and distinctive identityÃ¢â¬â¢ (Coach Est. 1941, 2010) that almost everyone can recognize, which is why their prices reflect more of the name than the quality of the items. Coach is in the fashion industry and enough people are willing to pay for the name brand of Coach to keep them in business and to keep the prices high. The market the Coach is in is the fashion market, and their customers are middle to upper class men and women. Because their prices are high the market for their items has to be to a household that has extra money to spend and even though they sell mostly women related items they do sell menÃ¢â¬â¢sÃ¢â¬â¢ as well. Their competition includes Louis Vuitton, Fendi, Gucci Incorperated, Dooney and Bourke Incorporated, Katie Spade LLC, and Michael Kors Incorporated which are all privately owned companies. (Yahoo finance, 2012) Coach operates in two different ways, direct to customers and indirect. Indirect is where Coach sells their products to other retail stores and direct to customers is selling out of their own stores. Coach has over 500 stores in the United States and Canada as of June 30, 2012. They also have over 300 locations in Japan, China, Singapore and Taiwan. They have recently acquired new locations in Malaysia and South Korea in July and August. (Coach est. 1941, 2010) Coach not only has their own retail stores, but also sells their merchandise through department stores and specialty retailer locations. With these locations, Coach is also present in Europe, Asia, and Latin America. As of 1999 Coach launched their first on-line store available to customers in the United States, Canada, and Japan. They also have informational websites in twenty other countries. In the future, Coach plans to increase international distribution and target international consumers, especially in Asia. They also plan on staying one of the most popular name brand accessory companies in North America. (Coach est. 1941, 2010) Coach also has very high standards for their brand. Coach states that Ã¢â¬Å"The Coach brand represents a unique synthesis of magic and logic that stands for quality, authenticity, value and a truly aspirational, distinctive American style.Ã¢â¬ (Coach est. 1941, 2010) They hold accountability to their customers. They also guarantee great service and that their customersÃ¢â¬â¢ needs are always met. Coach seeks long term relationships with all their costumers by treating them this way. This is one reason Coach is still around and doing well as a company even with their high prices. They are dedicated to their honesty, trust, satisfaction, and fairness to their consumers, business, and community. They strive to increase consumer and shareholder value. (Coach est. 1941, 2010) They have a small number of executive officers with only seven. First on the list is Lew Frankfort the Chairman and Chief Executive Officer. Mr. Frankfort joined the Coach company is 1979 as Vice President of New Business Development. Mr. Frankfort has appointed President of Coach in 1985 and named Chairman and CEO in 1995. When Mr. Frankfort started at Coach, CoachÃ¢â¬â¢s sales were about $6 million. Today CoachÃ¢â¬â¢s sales are $4.8 billion. He has seen many changes with this company, such as seeing it go to a publicly traded company on the New York Stock Exchange in 2000. Before joining Coach, Mr. Frankfort held positions in the public sector in New York City. He holds a Bachelor of Arts degree from Hunter College, and a MBA in Marketing from Columbia University. He also holds a spot on the Board of Overseers of ColumbiaÃ¢â¬â¢s Business School. Mr. Frankfort was recognized by BarronÃ¢â¬â¢s from 2005-2008 as one of 30 Ã¢â¬Å"Most Respected CEOÃ¢â¬â¢sÃ¢â¬ globally. (Coach est. 1941, 2010) Having someone that has been in the same company for 33 years now running it, says wonders about Coach. Coach is a brand that sticks to what it knows and does not change something that is working for them. Just like their products, CoachÃ¢â¬â¢s president is what they seek in their mission of keeping everything classic. Next, is Reed Krakoff, the President, Executive Creative Director of Coach and has been employed at Coach since December 1996. He was initially hired as the Vice President and Executive Creative Director, but advanced to his current position just two and a half years later. Mr. Krakoff has a degree in Fashion Design from Parsons School of Design. Prior to Coach, Mr. Krakoff held various positions at Anne Klein, Ralph Lauren and other design houses. In 2007 Mr. Krakoff was elected vice president of the Council of Fashion Designers of America, and in 2001and 2004 he was awarded the honor of Accessories Designer of the Year. To this day Mr. Krakoff styles and photographs the campaigns for Coach. (Coach est. 1941, 2010) Having a man like Reed Krakoff on the Coach team ensures that they will have some of the most elegant designs in the industry today. His ability to create pieces that Coach would gladly put their name on ensures him a long career at Coach. Following is Jerry Stritzke, the President and Chief Operating Officer as of March 2008. Prior to Coach he joined Best, Sharp, Sheridan, Shritzke in 1985 as a partner. In 1992 he practiced law at Stritzke Law Office. From 1993 to 1999 Mr. Stritzke was a consultant for Webb and Shirley. Lastly, Mr. Stritzke held several senior executive positions within limited Brand Incorporation, from 1999 to 2007. Jerry Stritzke has a Bachelors of Science from Oklahoma State University and a Juris Doctor from the University of Oklahoma. (Coach est. 1941, 2010) Next is Michael Tucci the President, Retail Division in North America. Mr. Tucci joined Coach in 2003 with over twenty years of experience. Before Coach, he was the Executive Vice President of Gap Incorporated and held various senior leadership positions from 1994-2002. Michael Tucci also held executive positions at R.H. Mary Corporations from 1982-1992. Mr. Tucci has a Bachelors of Arts in English from Trinity College. (Coach est. 1941, 2010) Next, is Todd Kahn the Executive Vice President, General Counsel and Secretary since he joined Coach in 2008. Prior to joining Coach Todd Kahn held multiple positions for Calypso Christian Celle, Sean John, Accessory Network, InternetCash Corporation, Salant Corporation, Fried, Frank, Harris, Shriver, and Jacobson. Mr. Todd has a Bachelors of Science from Touro College and a Juris Doctor from Boston University Law School. He also serves on the board of Directors of the Fashion Institute of Technology Educational Foundation the Fashion Delivers \Charitable Foundation Incorporated, and the National FatherÃ¢â¬â¢s Day Committee. (Coach est. 1941, 2010) Next is Sarah Dunn the Executive Vice President, Human Recourses since 2008. Previously Ms. Dunn held several executive positions with Thomson Financial, including Executive Vice President, Human Resources and Organizational Development. Ms. Dunn is also a consulting Advisory Board member of Youth, I.N.C. She also has a Bachelors of Science Degree in Human Sciences from University College, London, U.K. and a Masters Degree in Information Science from City University, London. (Coach est. 1941, 2010) Lastly, we have Jane Nielsen the executive Vice President and Chief Financial Officer since 2011. Jane Nielsen joined Coach after working at PepsiCo, Incorporated and the Global Nutrition Group as their Senior Vice President and Chief Financial Officer since 2009. Prior to this Ms. Nielsen held senior positions in a financial role with PepsiCo, Incorporated, and Pepsi Bottling Group from 1996-2009. From 1990-1996 Ms. Nielsen worked for Marakon Associates and from 1986-1990 she worked at Credit Suisse First Boston. Ms. Nielsen has a BA in Economics from Smith College and an M.B.A. from Harvard Business School. (Coach est. 1941, 2010) Coach has recently been awarded $257 million in a lawsuit against counterfeit Coach merchandise. Coach obtained a default judgment in Illinois Federal Court against individuals and businesses that operate websites selling counterfeit Coach merchandise. The judgment granted Coach 573 internet domain names from which the counterfeit merchandise was sold from. Coach started a litigation campaign called Ã¢â¬Å"Operation TurnlockÃ¢â¬ in May 2009. Since then, Coach has filed lawsuits to stop counterfeit items from being sold. From these lawsuits, Coach has gain a significant amount of monetary value from them. (Chaudhuri , 2012) Coach also just donated $2 million to the Hurricane Sandy relief efforts. The gift was made to the Red Cross Disaster Relief Fund for rebuilding efforts in the Tri-State area. Coach as also made its employee matching program available, so however much its employees contribute to the American Red Cross Disaster Relief Fund or to other qualified funds, Coach will match the donation Lew Frankfort made a public address saying Ã¢â¬Å"Our hearts go out to the countless number of people affected by the storm.Ã¢â¬ Since Coach was established in Manhattan, they feel they need to help rebuild their community where they started. (Coach est. 1941, 2010) In 2011 CoachÃ¢â¬â¢s Inventory broke down to 63% handbags, 27% accessories, and 10% all other products. This is just a little change from the previous year, where the only difference is 1% moved from accessories to all other products. Currently Coach pays quarterly cash dividends of $0.225 per share. CoachÃ¢â¬â¢s cash flow statement shows Net Income for 2011 to be $880,800,000 and the net cash flows provided by operating activities in 2011to be $1,033,271,000. Also, the cash flow statement shows the net cash used in investing activities to be -$59,631,000 and the net cash used in financing activities to be -$875,126,000 in 2011. For the Cash and cash equivalents at end of year 2011 were $699,782,000 with the cash paid for income taxes for 2011 to be $364,493,000 and cash paid for interest for 2011 to be $1,233,000. Lastly, the cash flow statement has for 2011 is the noncash investing activity-property and equipment obligations to be $23,173,000 and $0 for the noncash financing ac tivity-mortgage debt assumed.(http://www.annualreports.com/company/2246 , 2011) Coach just reported its first quarter earnings per share in 2012 to be $0.77. Compared to the previous year, same quarter, the earnings per shares was $0.73. Their sales reported for 2012 first quarter, which ended September 29, 2012, was $1.16 billion. Compared to the previous year where CoachÃ¢â¬â¢s sales for the same quarter was only $1.05 billion. This is an 11% increase in sales in just one year. Coach also announced that its Board of Directors has just authorized the repurchase of up to $1.5 billion of its outstanding common stock by June 30,2015. This will make CoachÃ¢â¬â¢s earnings per share increase since there will be less outstanding stock. Since we now know the earning per share for Coach we can calculate the price earnings ratio. CoachÃ¢â¬â¢s current stock price $57.87. So, CoachÃ¢â¬â¢s price earnings ratio is 75.156. (Coach est. 1941, 2010) StockholderÃ¢â¬â¢s equity is total assets minus total liabilities. For Coach, in 2011 the total assets are $2,635,116,000 and the total liabilities are $1,022,547,000. So, the total stockholderÃ¢â¬â¢s equity for the year ended July 2, 2011 is $1,612,569,000. For the total liabilities of Coach being $1,022,547,000 only $593,017,000 are current liabilities. Of the current liabilities $118,612,000 is accounts payable, $473,610,000 is accrued liabilities, and $795,000 is current portion of the long term debt. As for the rest of the liabilities $23,360,000 is long term debt and $406,170,000 is other liabilities. (Coach est. 1941, 2010) These numbers first mean that Coach is a continuously growing company that would be labeled at a value company. Which means it doesnÃ¢â¬â¢t grow fast, but instead it grows consistently. Also, since its assets and equities make up the majority of CoachÃ¢â¬â¢s finances the company appears to be in good standings. Coach is a company that has been around for over 70 years and has been traded publicly for 12 years now, and it seems to have all its finances in order and look like what you would expect for a high-end retail company. There is a bright future for Coach with its experienced executives leading the company to expand its market and try to bet out the competition. The volatility of Coach stock price is reasonable. Obviously people are willing to pay for Coach products even through hard times. CoachÃ¢â¬â¢s stock price continues to go up and from past records it has always steadily increased. Coach has a rich history and has been around for a long time so I do not see it crashing anytime in the near future, so I would say the stock price is valid and a good steady long term investment. References Coach est. 1941. (2010, February 3). Retrieved from http://www.coach.com/online/handbags/Home-10551-10051-en?isCollapse=true Reuters: Profile, coach inc.. (2012). Retrieved from http://www.reuters.com/finance/stocks/companyProfile?symbol=COH Yahoo finance. (2012). Retrieved from http://finance.yahoo.com/q/co?s=COH Competitors Chaudhuri , S. (2012, November 02). Coach gets $257 million, 573 domain names in counterfeiting lawsuits. Dow Jones Newswires. Retrieved from http://www.foxbusiness.com/news/2012/11/02/coach-gets-257-million-573-domain-names-in-counterfeiting-lawsuit/ http://www.annualreports.com/company/2246. (2011).