Reference no: EM131914813
Problem
Mohamed Repair Specialists (MRS) is a leading retailer of home improvement products. It operates large warehouse-style stores. Despite declining sales and difficult economic conditions in 2013 and 2014, MRS continued to invest in new stores. The following table provides summary data for MRS.
Mohamed Repair Specialists
(amounts in millions except number of stores) 2013 2014
Number of stores 8,235 8,273
Sales revenues $88,349 $82,288
Inventory $21,131 $20,173
Capital expenditures, net $4,458 $747
Required
1. Use the preceding data for MRS to compute average revenues per store, capital spending per new store, and ending inventory per store in 2014.
2. Assume that MRS will add 100 new stores by the end of Year 1. Use the data from 2014 to project Year 1 sales revenues, capital spending, and ending inventory. Assume that each new store will be open for business for an average of one-half year in Year 1. For simplicity, assume that in Year 1, MRS's sales revenues will grow, but only because it will open new stores.
|
Was alitalia or marriott obligated to honor the low prices
: The Italian national airline, Alitalia, was charging more than $5,000 for trans-Atlantic, round-trip, business class airfares in 2006, but by mistake.
|
|
How would the accounting for the awards change
: How would the accounting for the awards change if the modification to the terms of the award was made on January 1, 2014, after awards have become fully vested?
|
|
Discuss the role of the agency
: Identify a specific governmental agency referenced in the textbook. Then do the following:
|
|
Sole proprietorship versus a partnership
: What are the pros and cons of a sole proprietorship versus a partnership? What are the pros and cons of the corporation?
|
|
Compute average revenues per store
: Use the preceding data for MRS to compute average revenues per store, capital spending per new store, and ending inventory per store in 2014.
|
|
Discuss eastern religion and contemporary ethics
: How is this religion responding to challenges (e.g., the rise of critical and scientific methodologies) in the modern world?
|
|
Discuss about the protective provisions
: Were BP's protective provisions "wrong" as a matter of ethical business practice? Explain. If you were a boss or lawyer at BP, would you have included.
|
|
Explain the concept behind the answer
: How do you find the dollar amount and percentage for quarters 1 and 2? Explain the concept behind the answer.
|
|
How much money does bill have in his account at given age
: How much money does Mitch have in his account at age 75? How much money does Bill have in his account at age 75?
|