Question
I have another Sec 10k project reportthat I would like your help with. Here are the details, I will attach the income statement, balance sheet,
I have another Sec 10k project reportthat I would like your help with. Here are the details, I will attach the income statement, balance sheet, and cash flow statement.
SEC 10-K Paper
You will be assigned a company that is publicly traded. You must research and secure the SEC 10-K Annual Report for the most recent year. This is often available at the company web site. Look for "Investor Information" or "Company Information". Save the file to your computer for access.There is no need toprint as the report is usually 100 pages or more.
1. Post the name of your company in the SEC 10-K company, its ticker symbol and the price per share of one stock on January 11, 2016 in the Week 1 Discussion.
2. Each student has been assigned a different company.
3. You will use this company for discussion in the discussions during the semester.
4. You will write a 2 -3 page paper, single spaced, one inch margins,12 pt font, with double space between paragraphs. Your paper should comment on the financial statements for your company as they relate to the information presented in chapters 13-18 of your textbook, including the notes to the financial statements. ** Use headings in your paper such as Investments (topics from our textbook; other examples would be Financial Ratios or Cash Flow).Please keep your paper to no morethan 3 pagesThe report will be submitted after Chapter 18. Do not consider information from Ch 19 - 26 in your paper.
6. Please include a brief introduction of your company as well as a conclusion/summary at the end.
7. You will also be required to include the Income Statement, Balance Sheet and Cash Flow Statement as an attachment to your report (you can cut and paste directly from the 10-K report).
8. APA style is required for citations and a reference list.
9. Ask questions if any of the requirements are unclear.
10. Additional guidance for your paper and resources:
11. Page count does not include title page, tables and exhibits, table of contents, and reference list
12. Please include a title page (includeyour name on the title page)
13. Include a reference list(business classes use APA format)
14. Include in text citations (business classes use APA format)
15. Your paper should use one-inch margins on the left, right, top, and bottom of each page, and font set at 12 point.
18. Our discussion postings during the semester should assist you in completing this paper
21. Links and explanations to assist you with this paper may appear in this resource
22. Additional information will be posted in the Week 1 Discussion area of Leo Classroom. Please make sure you review carefully and ask questions if you have any.
23. SEC 10-K Power Point Presentation
24. You will also be required to prepare a brief power point file of no more than6 slides. Post the power point presentation in the discussion area for comments by other students.
25. After you read the comments you may wish to make changes to your power point file before submitting it in the assignment folder along.
26. Include a reference list in APA format.
27. Ask questions if any of the requirements are unclear.
28. You are required to post comments on the work of at least one other student who does not yet have comments so everyone has at least one set of comments. Do not wait until the last day to post your power point file so everyone has a chance to visit the files.
Balance Sheet **Dollars are in Millions** What were total current assets? $308,854. What were total current liabilities? $263,801. What were total assets and total stockholder's equity (deficit)? Total assets- $308,854 and Total Stockholder's equity (deficit)- $45,053. Calculate Working Capital (Current Assets - Current Liabilities = Working Capital) and describe how it changed by from last year. The working capital for 2014 is $45,053. This amount has increased from 2013 by $3,421. 2013working capital was sitting at $41,632, opposed to 2014's $45,053. If the company has treasury stock, is it increasing or decreasing in value? Remember that the normal balance for treasury stock is a negative value (debit balance). COF does have a treasury stock that hand an increase in debt from last year's ($4,320). This year's current treasury stock is ($6,356). This does reflect as a debt balance since it is a negative value. What is the value for Other Comprehensive Net Income (or net loss), accumulated deficit, and /or Retained Earnings. How are these values changing? Comprehensive net income for 2014 was $4,870. Accumulated deficit for 2014 was ($430). Retained earnings for 2014 were $23,973. Now, on to 2013 so we can compare; Comprehensive net income for 2013 was $2,510. Accumulated deficit for 2013 was ($872). Retained earnings for 2013 were $20,292. o All values have spiked up a bit, but for the accumulated deficit it brought them ($443) out of debt. The values are changing for the better good of the company. Changes aren't always positive, but in the case they did help. Cash Flow Statements Category: Operating Activities 1. Net income versus total for operating activities: report these values. 2. Items of significance between net income and total for operating activities? 3. Is the business providing cash flow from operations? Solution 1. Net Income of the company is $4428 whereas Cash flow from operating activities is $9304. The difference is due to the non-cash expenses and changes in working capital. 2. Significant items between Net Income and Operating Activities are a. Depreciation & Amortization b. Provision for credit losses c. Proceeds from sales and pay downs 3. Yes, the business is providing cash flow from operating activities i.e. $ 9304. Category: Investing and Financing Activities 1. Describe significant long term assets (type and amount) purchased, sold, or retired during the current period as well as last year. 2. Describe significant financing activities used by your corporation to increase cash (or other assets): these would be related to long term liabilities and stockholders equity. Solution 1. Following long term assets were purchased and sold during the year Description of Assets (PURCHASED) Amount Amount 2014 2013 Premise & Equipment 502 818 SOLD NIL NIL There were no long term assets sold during the year. 2. The following financing activities were carried out during the year to increase cash. a) Decrease restricted cash for securitization investors $640 b) Increase in deposits $1017 c) Issuance of securitized debt obligations $4291 d) Issuance of senior and subordinated notes and junior subordinated debentures $7714 e) Net proceeds from issuance of common Stock $ 100 f) Net proceeds from issuance of preferred stock $ 969 Income Statement Capital One Financial; NYSE:COF Net Sales- $4,428 (in millions) Cost of Goods- Not applicable for banks Gross Profit- Not applicable for banks 2. Corporate Tax Rate- 32.7% (effective tax rate) 3. Accumulated Other Comprehensive Net Loss- (Before Taxes) $816 (in millions) and (After Taxes) $442 (in millions) Accumulated Comprehensive Net Loss has went down since 2013, the amount that was recorded in 2013 was $2,589 (millions) and has since went down to $816 (millions) for the fiscal year of 2014. 4. Found under Other Comprehensive Income (loss) Before Taxes... Net Unrealized gains (losses) on securities available for sale. Net changes in security held to maturity. Net unrealized gains (losses) on cash flow hedges Foreign currency translation adjustments 5. Comprehensive Income- $4,870 (in millions) http://www.sec.gov/Archives/edgar/data/927628/000092762815000026/cof-12312014x10k.htmStep by Step Solution
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