Balance Sheet Analysis Applebees International 2004 Essay -- Finance F

Balance Sheet Analysis Applebee’s International 2004   Ã‚  Ã‚  Ã‚  Ã‚  In analyzing the common-size balance sheet for Applebee’s, it is noted that the total current assets has jumped from 11% to 14% of the total assets. The total assets for Applebee’s has jumped 6% from 2000 to 2001 driven by increased in the total current assets of 28%. Of those 28% increase, they consisted of 88% increase in the Cash & Equivalents (increased of $10.6 millions) caused by the decreased in the Capital Stock repurchasing in 2001 by Applebee’s. The repurchase of capital stock has decreased by 31% as noted from the year-to-year percentage changes of the Statement of Cash Flow which equivalent to about $11 million dollars. The other current assets increased was from the other Current Assets category; there was an increase of 92% from 2000 to 2001. Due to the higher earnings for Applebee’s, there was an increase in income tax due. A significant component of the increase of other Current Assets was from increased in prepaid incom e taxes with net deferred income tax asset of $6.7 millions dollars.   Ã‚  Ã‚  Ã‚  Ã‚  The intangibiles has also decreased from 18% to 16% in common-size balance sheet for Applebee’s from 2000 to 2001. This is equivalent to a decrease of 7% from year to year percentage change. This change was driven by amortization of intangible assets related to previous acquisitions of other franchisee restaurants by Applebee’s.   Ã‚  Ã‚  Ã‚  Ã‚  There was a trend in rise of the net property & equipment related assets since 2002 to 2004. This boost in net property and equipment assets was related to the acquisition strategy conducted by Applebee’s. For the $34 millions acquisitions of 21 restaurants in Washington D.C. area on November 7, 2002; $24 millions has been allocated to the fair value of property and equipment plus $10 millions in goodwill. This has caused a jump in net property & equipment assets for 2002 to jumped 16% and Intangibles assets to jumped 12% when compared to 2001. Since most of the purchased are by cash, this has caused a 31% decreased in the Cash & Equivalents for Applebee’s balance sheet. For the 11 Applebee’s restaurants acquisitions in Illinois, Indianan, Kentucky, and Missouri for $21.8 million on March 24, 2003, $7.9 millions were allocated to the fair value of property and equipment, the other $16.6 millions went to goodwill, plus a net liabilities in addi tions of $1.3... ...ense has decreased 82.8% from 2000 to 2004. All the above are contributing factors in Applebee’s achieving higher earnings, a 75% increase in net earnings from 2000 to 2004. Average shares has fall due to consistent share repurchasing programs by Applebee’s. Overall, the common-size analysis of the income statement are relatively consistent over the five years of study. Cost of goods has stayed consistent between 74%-75%, the Depreciation and amortization is between 9%-11%, income from Continue operations and Net Income are also both between 9%-10% in common-size analysis for income Statement. No unusual flutuations has been discovered. As of December 26, 2004, our liquid assets totaled $10,924,000. These assets consisted of cash and cash equivalents in the amount of $10,642,000 and short-term investments in the amount of $282,000. The working capital deficit increased slightly from $50,359,000 as of December 28, 2003 to $51,041,000 as of December 26, 2004. This increase was due primarily to increases in the loss reserve and unearned premiums related to the captive insurance subsidiary and accounts payable and was partially offset by increases in inventories and receivables.

Shortage of Water in Pakistan

Shortage of water in Pakistan As we all know, Pakistan is facing severe shortage of water. There are two main reasons, one due to persistent droughts—which is beyond the control of a man, and the other due to miss-management of water resources. Impact on economy / society * Less water means less agricultural yields, meaning they cannot fulfill the food requirements of the nation, so they need to be dependent on other countries. Due to less production of main crops, which are wheat, cotton, sugar cane and rice, the Industries related to them will suffer adversely * Less agricultural outputs will compel people to head towards urban areas for jobs, which will increase the unemployment further. Water Issue between Pakistan & India * Concern is growing in Pakistan that India is controlling the water flow of rivers that flow from India into Pakistan.Pakistan has raised objections to Indian water projects, but a World Bank-appointed neutral expert rejected most of the Pakistani o bjections. * Pakistani commentators, think that India is controlling the river waters to strangulate Pakistani agriculture, which could affect Pakistani exports and increase its dependency on food imports. WHO IS RESPONSIBLE FOR THE CRISIS ? * A result of natural factors * Poor water resources management * Increased pollution of surface & ground water * Population explosion * Over exploitation of ground waterHow can they solve this problem? Creating awareness on†¦ * water resources and its conservation & management * A forestation activities * Rain water harvesting * Environmental information & education * Prevention & control of water pollution * Recycle of waste water * Use of modern irrigation techniques * Authorities should take appropriate steps to curb the illegal extraction of water and ensure its equitable distribution. * government should make laws on water conservation, like many western countries.IMPORTANCE OF DAMS FOR PAKISTAN * Irrigation. * Electri cal Energy. * Water Supply for everyone. * Flood Control. Conclusion The problems faced by the water sector in Pakistan are many, acute and serious. Therefore, building more reservoirs/dams and having an effective management strategy are the needs of time. Also implementation of the solutions I gave you will enable the country to meet the challenges ahead, and achieve the objectives to become a nation with no water shortage.

Essay about Hipaa Impact the Delivery of Human Services

HIPAA: Impact the Delivery of Human Services July 12, 2008 Health Insurance Portability and Accountability Act (HIPAA) was signed on 21st August 1996 by the U.S President Bill Clinton. Most healthcare insurance companies and providers are to remain to the HIPAA regulation guidelines by October 2002 and October 2003 for smaller health plans. If you are in the healthcare industry, you have probably heard some rumblings about the Health Insurance Portability and Accountability Act of 1996, calmly referred to as HIPAA. The word is your medical practice will have to be HIPAA compliant by April 2003, but you are not exactly sure what this act mandates or how to accomplish it. In very basic terms, HIPAA has two primary components†¦show more content†¦The purpose or rationale of HIPAA law is to improve the efficiency and effectiveness of the health insurance system and to protect privacy of the patients. Continuity of healthcare coverage is ensured by this law, which allows individuals to qualify immediately for comparable hea lth insurance coverage at the time of changing the employment relationships. By replacing several non-standard formats that are currently used in the country (U.S) by means of a single set of electronic standards (used throughout the healthcare industry), HIPAA reduces the cost and administrative burdens of health care. The law improves the profitability and continuity of health insurance coverage. HIPAA prohibits discrimination against employees on the basis of their health status (What is HIPAA? 2008). Key privacy provisions establish that patients must be able to access their records and correct errors, in addition to being informed of how their personal information will be used. Patient information can only be shared to treat the patient and cannot be used for marketing purposes without their explicit consent. 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