Discuss the possible explanations for the financial results

Assignment Help Financial Accounting
Reference no: EM13866195

In its 2012 annual report to shareholders. General Electric reported the following financial results

Revenues increased from 147.3 billion to 147.4 billion. Net income decreased from 14.2 billion to 13.6 billion. Total assets decreased from 718.2 billion to 685.3 billion. Shareholders' equity increased from 116.4 billion to 123.0 billion. For the year, the cash flow from operating activities was 31.3 billion, the cash flow from investing was 11.3 billion, and the cash flow from financing activities was negative 51.1 million. Discuss the possible explanations for the financial results

Reference no: EM13866195

Questions Cloud

Stuxnet and covering tracks : Stuxnet and Covering Tracks
The LIFO and FIFO methods for its inventory : Sanborn Inc. is a new manufacturing company founded on February 2, 2012. The company had to choose between the LIFO and FIFO methods for its inventory. Inventory costs were rising during 2012, so the company decided to use the LIFO method. Which of t..
What type of attack was launched on doj? : What type of attack was launched on DOJ?
What is kareems realized gain or loss : Kareem bought a rental house in March 2010 for $300,000, of which $50,000 is allocated to the land and $250,000 to the building. Early in 2012, he had a tennis court built in the backyard at a cost of $7,500. What is Kareem’s realized gain or loss?
Discuss the possible explanations for the financial results : Revenues increased from 147.3 billion to 147.4 billion. Net income decreased from 14.2 billion to 13.6 billion. Total assets decreased from 718.2 billion to 685.3 billion. Shareholders' equity increased from 116.4 billion to 123.0 billion. Discuss th..
Evaluate and describe the types of leadership : Evaluate and describe the types of leadership and decision making you have observed in the public or nonprofit organizations where you have worked and which styles were the most effective in leading your organization
The accumulated depreciation account has a balance : 1. Machine A was purchased for $50,000 on January 1, 2005. Straight-line depreciation has been recorded for five years, and the Accumulated Depreciation account has a balance of $25,000. The estimated residual value remains at $5,000, but the service..
List and discuss professional certifications related to it : List and discuss professional certifications related to IT Controls
Nature of account and different types of account : An account is an important accounting record where financial information is stored until needed. Briefly explain (1) the nature of an account, (2) the different types of accounts, and (3) the manner in which an account is increased and decreased, and..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Income statement for year 2012 using single-step form

Prepare an income statement for the year 2012 using the multiple-step form. Common shares outstanding for 2012 total 40,550 (000 omitted).

  Use dining room servers and room service attendants

Some hotels use dining room servers and room service attendants interchangeably. What kind of special training would a room service attendant need to become an efficient dining room server and vice-versa? Explain your reasoning.

  Compute the balance in the investment account

Use the following information from Blue-Cross Inc 2014 annual report to calculate the dividend yield on common stock and the payout ratios. Then comment on the results. Safeway Company acquired 75 percent of the outstanding voting common stock of Gia..

  Statement of cash flows

Statement of cash flows prepared using the direct method - Investing Activities section, or in the Financing Activities

  Uses the straight-line method to amortize the bond premium

On January 1, 2015, Carter Sales issued $15,000 in bonds for $15,800. They were 8-year bonds with a stated rate of 9%, and pay semi annual interest. Carter Sales uses the straight-line method to amortize the bond premium. On June 30, 2015, when Carte..

  Prepare a memo from ringle to the head of the information

Prepare a memo from Ringle to the head of the information systems department, Sandy Klaus. In this memo, provide some suggestions for including the accounting personnel in the systems development project. Give some very persuasive arguments why ..

  You are an accountant at a local cpa firm that is auditing

you are an accountant at a local cpa firm that is auditing the accounting records of abc company. you have been asked

  What are different issues involved with translation exposure

What are the different issues involved with translation exposure, transaction exposure and economic exposure? How can companies plan to mitigate the risk of each? What are the opportunity costs associated with measures to mitigate this risk?

  How much cash was received from the customer

Michelin Jewelers completed the following transactions. Michelin Jewelers uses the perpetual inventory system. On April 2, Michelin sold $9,000 of merchandise to a customer on account with terms of 3/15, n/30. Michelin's cost of the merchandise sold ..

  Explain the difference in operating income

Explain the difference in operating income for January and February and March under variable costing and absorption costing

  How much if any is included in matt''s gross estate

The policy has a maturity value of $2,000,000. Matt dies first and the insurance proceeds are paid to Sandra. How much, if any, is included in Matt's gross estate?

  Evaluate the amount of the controllable overhead variance

Evaluate the amount of the controllable overhead variance and the overhead applied.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd