Purchase Solution

Macy's 2010 disclosures cash, accounts receivable, inventory

Not what you're looking for?

Ask Custom Question

Company selected: Macy's

Research your selected company and acquire the company's most recent financial statements using the Internet.

Analyze the disclosures contained within the notes to the financial statements related to cash and cash equivalents, receivables, and inventories. Include a list identifying the components of the organization's cash and cash equivalents.

Purchase this Solution
Solution Summary

Your response is 1002 words and discusses the three areas in the annual report where you can understand the disclosures for cash, cash equivalents, accounts receivable and inventory. These disclosures are then analyzed in detail for Macy's from their 2010 Annual Report to shareholders.

Solution Preview

The company selected is Macy's and I used their 2010 Annual Report (attached) which I obtained under Investors on www.macys.com website:

http://www.macysinc.com/Investors/AnnualReport/

The best way to use this tutorial is to read it, get the idea of what the assignment was intended to teach you, and then write it yourself, adding your own ideas and tone. OTAs are not allowed to complete essays for students and this should not be submitted "as is." Plagiarism is a serious problem - let's not add to it! The purpose of this work is to help you *LEARN* so you can do YOUR best work. Go for it!

----------------

This discussion will review the disclosures for cash, accounts receivable and inventory for Macy's in the 2010 Annual Report to Shareholders. The disclosures are found in three places. First, the amounts for these are reported on the face of the Consolidated Balance Sheets showing the current year, 2010, and a comparison year, 2009. The second place we can learn about these assets is in the first footnote, the summary of significant accounting policies. This is a standard footnote for all public companies where they explain their accounting policies for assets, liabilities, revenue and expenses so the reader can understand the methods used in the computations, the types of transactions they typically engage in and unique activity of the firm (if any). Finally, additional information can be found in individual footnotes about these assets, if they are material or if there is unusual activity that would warrant a footnote specifically for that asset. Let's review these three areas in order.

CASH

Cash is reported on the Consolidated Balance Sheets page as the first line item in current assets. We can see that ...

Solution provided by:
Carol Sargent, PhD
Education
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
Recent Feedback
  • "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
  • "Thank, this is more clear to me now."
  • "Awesome job! "
  • "ty"
  • "Great Analysis, thank you so much"
Purchase this Solution
Free BrainMass Quizzes
Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

View More Free Quizzes
Related BrainMass Solutions

  • Stiggins net cash provided by operations;Bell Industries

    A comparative balance sheet for Bell Industries is given below: Bell Industries Comparative Balance Sheet December 31, 2011 and 2010 Assets 2011 2010 Cash ........................................ $ 40,000 $ 10,000 Accounts receivable .....

  • Analyzing disclosures in financial statement note Home Depot

    For the year ended January 31, 2010, Home Depot decided to make all their remarks about cash, cash equivalents, receivables and inventory in the first footnotes, making this a many page footnote!

  • the disclosures in the notes to the financial statements

    What needs to be examined in detail is the increase in net accounts receivable in the US, Asia Pacific and the Americas. It needs to be determined if a part of the accounts receivable are bad or doubtful debts.

  • Inventory & AC Turnover

    576107 Inventory & AC Turnover Islander Company Data: As of December 31, Balance Sheet Data 2011 2010 Accounts receivable $500,000 $470,000 Allowance for doubtful accounts (25,000) (20,000) Net accounts receivable

  • Sno-Top Adjusting Entries; ABC comparative income statement;

    (Ignore EPS disclosures) Problem III The adjusted trial balance for Chai Tea Company at December 31, 2010 is presented below: Debit Credit Cash 10,500 Accounts receivable 130,000 Allowance for uncollectible

  • Bloom Corporation had the following 2010 income statement.

    Sales $200,000 Cost of goods sold 120,000 Gross profit 80,000 Operating expense (including depreciation of $21,000) 50,000 Net income $30,000 The following accounts increased during 2011: accounts receivable $12,000; inventory

  • Accounting and International Convergence Process

    Slaughter Company collected $850,000 from its customers during 2010. Customers owed Slaughter $50,000 of accounts receivable at the beginning of 2010, and $90,000 of accounts receivable at the end of 2010.

  • Apollo Group: analyzing the disclosures

    Include a list identifying the components of the organization's cash and cash equivalents. The disclosures for cash, cash equivalents, receivables, and inventory will be primarily in three places.

  • Top Ten Clothiers Inc.

    Comparative Balance Sheets December, 31, 2011 and 2010 2011 2010 Assets Cash 43,000 240,000 Accounts receivable 390,000 210,000 Inventory 360,000 450,000 Long-term investments 0 120,000 Total assets 793,000 1,020,000

View More Related Solutions