Galaxy Interiors 2016 Income Statement
($ in millions)
Net sales $26,415
Cost of goods sold 19,908
Depreciation 2,611
Earnings before interest and taxes 3,896
Interest paid 1,982
Taxable Income $ 1,914
Less: Taxes 540
Net income $ 1,374
Galaxy Interiors
2015 and 2016 Balance Sheets
($ in millions)
2015 2016 2015 2016
Cash 718 397 Accounts payable 1,894 1,932
Accounts receivable 1,611 1,527 Notes payable 2,000 1300
Inventory 3,848 3,947 Total 3,894 3,232
Total 6,177 5,871 Long-term debt 10,000 10,650
Net fixed assets 17,489 18,107 Common stock 7,300 7,000
Retained earnings 2,472 3,096
Total assets 23,666 23,978 Total liab. & equity 23,666 23,978
Considering this information, what is the cash flow from assets for 2016?

Can you name the traditional features of the mapuche economy? what are they?

1. the political environment in india has proven to be critical to company performance for both pepsico and coca-cola india. what specific aspects of the political environment have played key roles? could these effects have been anticipated prior to market entry? if not, could developments in the political arena have been handled better by each company? 2. timing of entry into the indian market brought different results for pepsico and coca-cola india. what benefits or disadvantages accrued as a result of earlier or later market entry? 3. the indian market is enormous in terms of population and geography. how have the two companies responded to the sheer scale of operations in india in terms of product policies, promotional activities, pricing policies, and distribution arrangements? 4. “global localization” (glocalization) is a policy that both companies have implemented successfully. give examples for each company from the case.

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)