Week Two A. What type of product does it sell? American Eagle Outfitters is a retail company that strives to reach out to 15 to 25-year-old men and women. They offer high quality clothing, accessories, and personal care products at very affordable prices. Pants, shorts, sweaters, fleece, outerwear, graphic tee shirts, footwear, and various styles of accessories are the types of products they offer (Bethel University, 2017). B. On what date does American eagle Outfitters’ most recent reporting year end? The most recent reporting year for American Eagle Outfitters is January 31, 2015. This information is being retrieved from the American Eagle 10-K form. This form is there to help all those involved or anyone that may be contemplating the thought of investing their money into the company (Bethel University, 2017). C. …show more content…
For many years, does it present complete balance sheets, income statements, and cash flow statements? Balance Sheets: The balance sheet for American Eagle is recorded data that completes one fiscal year. This fiscal year runs from February 1, 2014 and runs through January 31, 2015. They will close out each fiscal year on the Saturday closest to January 31 (Bethel University, 2017). Income Statements: The income statement for the American Eagle 10-K form is for three fiscal years. The fiscal year goes from February 2, 2013 to February 1, 2014, then from February 1, 2014 to January 31, 2015. This sheet will tell you the financial increase or decrease in the thousands of dollars (Bethel University, 2017). Cash flow statements: The cash flow statement has the same three recorded years seen in the income statement. The years range from February 2, 2013 to February 1, 2015, then from February 1, 2014 to January 31, 2015. All of the numbers recorded in the American Eagle cash flow statement is displayed in the thousands (Bethel University,
In this assignment, I will be evaluating how appropriate business information is for John Lewis which is used to make strategic decisions. One piece of business information used by John Lewis is its annual reports which displays their sales performance during the financial year. They also included other written information on their reports such as investments for the future, how they manage their responsibilities and methods in which they maintain customer satisfaction. (http://www.johnlewispartnership.co.uk/content/dam/cws/pdfs/financials/annual%20reports/JLP-annual-report-and-accounts-2014.pdf).
History Roommates at Lehigh University Richard Hayne and Scott Belair founded urban Outfitters in 1970. The two were just getting back from doing internships and volunteer work after completing their freshman year of college. Coming back for their sophomore year, the two discussed ideas of a store that sells inexpensive clothes and accessories for dorm rooms. The two open Free People Store in Philadelphia investing $5,000, the store sold inexpensive wore clothes, drug paraphernalia, candles, shirts, and jewelry. Successfully staying in business the two changed the name from Free People Store to Urban Outfitters.
The companies’ balance sheets, income statements and cash flow statements, audited by the Ernst and Young LLP for the fiscal year ending January 31, 2015. This audit showed the company to be in sound financial standing. This paper also included the net income and revenue for American Eagle Outfitters Incorporated during the same period. Under the American Eagle and Aerie brands the company operated 1,056 wholly owned stores as of January 31,2015 (Bethel
American Eagle Outfitters is an apparel store that also owns the sub-brand Aerie, primarily a lingerie store. The company started out with and was incorporated by Jerry and Mark Silverman, before the company was bought out by the Schottenstein family and AE began to flourish and rapidly grow into the store it is today. AE hit milestones such as trading on the NASDAQ stock exchange and opening the Aerie lingerie stores. American Eagle Outfitters made a mark on today’s world of retail, and is now known for its body positive images and making an effort to help the community. This lead to them making many good ethical decisions, one of which that being their collaboration with the Better Work program and Business for Social Responsibility to support
EXECUTIVE SUMMARY The purpose of this report is to examine the impact the Kent State sweatshirt controversy had on Urban Outfitters. Urban Outfitters is a brand that strives for customer loyalty and prides itself on understanding its core customers. This knowledge allows Urban Outfitters to produce merchandise that is distinctive. The company constantly pushes the boundaries of fashion to maintain its rebellious image.
2011 Belk gross profit was over $183.1 on sales” marking an earnings growth of 189 percent and sales expansion of 65 percent over a decade earlier” (The Business of Belk. (2013). WWD: Women's Wear Daily, 205(55), 10b-1.)
That outreach included more than 200 series of meetings with preparers and users of financial statements; 15 public roundtables, with more than 180 representatives and organizations; 15 preparer workshops attended by representatives from more than 90 organizations; and 14 meetings with preparers. The FASB and the IASB also met with more than 500 users of financial statements covering a broad range of
1. Introduction Under Armour, Inc. (Under Armour) is a leading sports apparel and equipment manufacturing company founded in 1996 by Kevin Plank, a 23-year-old former University of Maryland football player.. He revolutionized the sports apparel industry by creating a superior, moisture-wicking, performance T-shirt, made of synthetic fabrics. Under his leadership, the company grew from a 17,000-dollar business in 1996 to a 4.83-billion-dollar empire. 2.
According to Tyson Foods balance sheet they report in a quarterly method. Their balance sheet includes current assets, long-term assets, current liabilities, and stock holders’ equity for the year 2017. Tyson foods current assets include cash and cash equivalents, short-term investments, net receivables, inventory, and other. The total current assets for each quarter average out to be around $5,017,000 - $6,300,00. Their long-term assets consist of long-term investments, fixed assets, goodwill, and other.
As word spreads and our website reaches more people, Year 2 will bring in $112,500, and Year 3 will generate about $150,000 in revenue. Pro Forma Statement Years 1-3 Year 1: Revenue: $75,000
Introduction Ever business organization needs to keep detailed financial records to maximize their chances of success. If a company cannot make payroll or pay its expenses it will fail. Much has been made of nonprofits behaving more like for profit organizations in the recent past; however, in accounting, the nonprofits financial records cannot and should not be like most for profit businesses. The chart of accounts is the critical first step in a nonprofit’s accounting system (Scarano, 2016). This paper will look at the purpose of a part of the nonprofit accounting system, the chart of accounts, focusing on the purpose, importance, use, and audience.
Companies all over the globe will experience some sales and profit decrease. Home Depot in the growing housing industry benefited greatly from the houses being built. The accounting concept portrayed in this situation for home depot is called operating leverage. Operation leverage is when managers view a small change in revenue and magnify it to dramatic changes in revenue (Edmonds, Tsay, & Olds, 2011). With a decrease in the market for construction materials, Home Depot is experiencing a 3% decrease revenue and a 21% decrease in profitability.
As of January 2023, American Eagle operates 865 AE stores and 295 Aerie stores worldwide. American Eagle’s corporate strategy focuses on a “Real Power. Real Growth.” value creation as described in their most recent 10-K. As mentioned in the overview, American Eagle Outfitters uses an omnichannel approach for their company. Customers can view inventory across their different channels.