The Home Depot, Inc. reported the following data in its 2012 Annual Report (for the fiscal year

Question:

The Home Depot, Inc. reported the following data in its 2012 Annual Report (for the fiscal year ended February 3, 2013):

Analyze:
1. What percentage of total current liabilities is made up of accrued salaries and related expenses at February 3, 2013?
2. By what amount did accrued salaries and related expenses change from fiscal 2012 to fiscal 2013?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

College Accounting A Contemporary Approach

ISBN: 978-0077639730

3rd edition

Authors: David Haddock, John Price, Michael Farina

See More Books

Question Posted: May 25, 2016 04:29 AM

See More Questions

The Home Depot, Inc. reported the following data in its 2009 Annual Report (for the fiscal year ended January 31, 2010): Analyze: 1. What percentage of total current liabilities is made up of accrued...
The Home Depot, Inc., reported the following data in its FY 2015 10-K (for the fiscal year ended January 31, 2016): Analyze: 1. What percentage of total current liabilities is made up of accrued...
In its 2012 Annual Report, Singapore Airlines, which primarily complies with IFRS, reported the following expected future minimum lease payments (in $ million). 35 Capital and Other Commitments (in $...
Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) O Changes in current...
Assume that Suppan Company in Problem 7-5B uses the periodic inventory system. Required 1. Open the following general ledger accounts: Cash; Accounts Receivable; Inventory (November 1 beg. bal. is...
The management is happy with your solution so far, but there is a problem. The current capacity is only 2,000 units. Will this affect your results from problem 2? If so, how?
Suppose x is a random variable best described by a uniform probability distribution with c = 4 and d = 6. LO8 a. Find f(x). b. Find the mean and standard deviation of x. c. Find P1m - s x m + s2....
Flexon, Inc., needs new manufacturing equipment. Two companies can provide similar equipment but under different payment plans: Plan A: SVL offers to let Flexon pay $55,000 each year for six years....
On January 1, 2019, ACAF Co. (a Canadian company) purchased 80% of CPA Co. (a U.S. company) at a cost of US$50,000. The book values of CPA Co.'s net assets were equal to fair market values on this...
The nineteenth century witnessed the evolution of joint ventures into business corporations. Required: Discuss how the emergence and growth of the corporate form of business affected perceptions...
Susie's Sweater Factory employs two managers for the factory. These managers work 12 hours per day at $16 per hour. After eight hours, they receive overtime pay. Management is trying to cut costs....
Which of the following are withheld from employees' earnings? a. FUTA b. Income tax c. Medicare d. Social security e. SUTA f. Workers' compensation
Take a look at Figure 33-5. Suppose that in response to a significant rise in interest in Jane Austen's works and life, millions of U.S. residents suddenly purchase British-published books by and...
Answer the following problems with solution: Use the following information for the next two questions: The statement of financial position of the partnership of A and B as of December 31, 20x1 is...
Complete the following budgets 1 Production Budget Planned Sales Desired Ending Inventory of Finished Goods (roundup to the next unit) Total Needed Less: Beginning Inventory Total Production {7.01}
Solution needs urgently. Question 1 (5 points) In times of prosperity (with high incomes and employment), governments at all levels have resources for high cost infrastructure such as roads,...
Write a program (called assignment-1.cxx)-- (40 points) Write down the C++ program based on the following tasks. Creates an Array (1D array) and randomly assign values. Show the array with assigned...
on 17:03 Sat 11 May < 00 194843... 19871 II B itsSUNPI is live! + Hi mates im Alive chating and all the fun stuf that we do O COME & GET ME! -- Sunpi FE now Untitled... HYPE RESULTS T Potential...
Explain what a statistically significant outcome of an inferential statistics test tells you about the effect of the independent variable in an experiment.
Stephen Schor, an accountant in New York City, advised his client, Andre Romanelli, Inc., to open an account at J. P. Morgan Chase Bank, N.A., to obtain a favorable interest rate on a line of credit....
Rivera Company made sales using the following list prices and trade discounts. What amount should be recorded for each sale? 1. List price of $900 and trade discount of 25 percent. 2. List price of...
1. Open the general ledger accounts and accounts receivable ledger accounts indicated below. Enter the balances as of May 1, 20X1. 2. Post the entries from the general journal in Problem 7.4B to the...
1. Open the general ledger accounts and accounts receivable ledger accounts shown below. Enter the balances as of April 1, 20X1. 2. Post the entries from the general journal in Problem 7.4A to the...
Required information Skip to question [ The following information applies to the questions displayed below. ] Golden Corporation's current year income statement, comparative balance sheets, and...
Glencove Company makes one model of radar gun used by law enforcement officers. All direct materials are added at the beginning of the manufacturing process. Information for the month of September...
Larren Buffett is concerned after receiving her weekly paycheck. She believes that her deductions for Social Security, Medicare, and Federal Income Tax withholding (FIT) may be incorrect. Larren is...

The Home Depot, Inc. reported the following data in its 2012 Annual Report (for the fiscal year

Question:

The Home Depot, Inc. and Subsidlarles Consolldated Balance Sheets (in millions except per share amoumts) Feb. 3, 2013 Jan. 29, 2012 Lurrent wobItieS Accrued salaries and related expenses 1,414 1,372 Total current liabilities 11,462 9,376

Step by Step Answer:

1 Accrued salaries and related expenses a...View the full answer

College Accounting A Contemporary Approach

Students also viewed these Accounting questions