Nike Accounting - 3659 Words

RESEARCH PROJECT – ACCOUNTING II 1. Nike, Inc. 2. Nike world headquarters location One Bowerman Drive Beaverton, Oregon 97005-6453 3. In 1950, before there was the Swoosh, before there was Nike, there were two visionary men who pioneered a revolution in athletic footwear that redefined the industry. Bill Bowerman who was constantly seeking ways to give his athletes a competitive advantage. and Phil Knight was a talented middle-distance runner from Portland, who enrolled at Oregon in the fall of 1955 and competed for Bowerman’s track program. But Bowerman and Knight each had full-time jobs - Bowerman at Oregon and Knight at a Portland accounting firm - so they needed someone to manage the†¦show more content†¦Analyze Property Plan amp; Equipment a) Fixed Assets $ 4,009.7 b) Straight line rate c) Intangible assets $ 384.4 d) Goodwill is $130.8 e) Property, plant and equipment net $ 1,820.0 and the Total assets $ 11,788.2 8. Analyze Stockholder’s Equity a) Total Stockholder’s Equity $ 7,613.2 b) Has not retained earning c) Redeemable preferred payable $ 0.3 d) Has not paid any dividends e) Total Equity $ 7,613.2 and Total assets $ 11,788.2 9. Analyze Revenues a) Total Net Revenues? 18.63 B b) Total Cost of Goods Sold and Gross Profit? 9.94 B and 8.38 B c) Total Operating Expenses? 790.10 M d) Total Operating Income amp; Total Net Income? 2.43B amp; 1.88B e) How does Net Operating Income Compares to Net Revenues? Net Operating Income is 2.43B compares to a Net Revenues of 18.63B f) How does Net Income Compares to Net Revenues? Net Income is 1.88B compares to a Net Revenues of 18.63B g) How does Total Assets Compares to Net Revenues? Total Assets is 8,944,600 M compares to Net Revenues of 18.63 B 10. Name One Significant Competitor? Adidas Group Corporate 11. Competitor’s Headquarters Location? Headquarters are located at Adi-Dassler-Str. 1,91074 Herzogenaurach, Germany. 12. Brief Competitor’s History? adidas AG, a listed German stock corporation, and its subsidiaries design, develop, produce and market – increasingly through own-retail activities – a broad rangeShow MoreRelatedNike and Under Armour (Accounting Paper)5141 Words   |  21 PagesRUNNING HEAD: NIKE UNDER ARMOUR FINANCIALS Nike Under Armour Financial Analysis Table of Contents Background†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..3 Progress in last year†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..3-5 Profitability/Debt Ratios†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...5-7 Net Profit Margin†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.5 Gross Profit Margin†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.6 Return on Equity†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...6-7 Earnings per Share†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreIndustry And Distribution Of Nike1412 Words   |  6 PagesDistribution Analysis The sportswear industry is dominated by Nike and Adidas, which together hold around eighty three percent of the industry’s market share in revenue (Biddnessetc). Since both have such a high demand of customers they have created multiple distribution centers in the United States and in other countries. To stay ahead of the other industries both companies concentrate on promoting and creating new and innovative products. Nike Nike is based in Beaverton, Oregon but operates more thanRead MoreNike : The World s Largest Athletic Footwear1067 Words   |  5 PagesNIKE is the world’s largest athletic footwear and apparel that ranks in the top 20 of the World’s Most Valuable Brands 2015. It designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories. The company was founded in 1964 and has its headquarter in Beaverton, Oregon. Apart from Nike brand, the company also entirely owned subsidiaries, which are Converse and Hurley International brand. In FY2015 (for the period ended 31 May 2015), Nike, Inc. recorded revenues of $30Read MoreThe Way Athletic Shoes Are Produced And Sold1785 Words   |  8 Pagesproduction process all the way up until the shoe is ready to be sold. The brand of shoe that I am specifically targeting is Nike. I wanted to do a big brand name like Nike because it is one of the most dominating companies in the sports industry. Their shoes are up on the highest sellers in the U.S. and many sports teams and athletes sponsor Nike to extend the name to many people. Nike is so popular throughout the world and it will be interesting to learn more about where the product is actually comingRead MoreNike : The Growth Stage Of Its Life Cycle2292 Words   |  10 Pagesindustry is Nike. O’Reilly (2014) explains how Nike has been in existence for over 50 years and has grown to be dominant in its market. It was founded in 1964 as a company named Blue Ribbon but officially took the name Nike in 1971. Nike (2016) states that they aim to create products, services and experiences for today’s athletes. To illustrate, Nike produces: footwear, athletic wear, athletic gear and provides sponsorship services to hundreds of athletes across the world. Furthermore, Nike (2016) illuminatesRead MoreNike Inc. : A Sports Gear Company1884 Words   |  8 PagesNike Inc. is a sports gear company based out of Unites states of America. The co mpany deals with development and sales of athletic sport equipments and recreational products. Nike sponsor various athletes and teams by providing their products to promote. The brand is endorsed by various famous players such as Carl Lewis, basketball player Michael Jordan, Jackie Joyner-Kersee and Sebastian Coe. Nike products cover running, basketball, football, cricket, tennis and golf under Nike and Jordan brandRead MoreCompany Internal Environment : Strengths And Weaknesses1813 Words   |  8 PagesCompetitor Analysis The major competitors of Easy Run include Nike, Adidas and Puma. In order to explore comparative and/or absolute advantages of the competitors, the SWOT analysis is performed in appendix D and summarized as follows. 1. Nike, Inc. Nike, Inc. was founded in 1964 in the United States and now it becomes the largest sports company in the world providing athletic footwear, apparel, equipment and services for sporty activities (Nike, Inc., 2010, para. 14). It has strong brand awareness andRead MoreNike Supply Chain764 Words   |  4 PagesNike Supply Chain Management Nike is one of the world’s largest athletic shoes and Apparel Company based on USA, including footwear, apparel, equipment, accessories, and services. The company was found at January 25, 1964 and they change its name to NIKE on May 30, 1971. Nike has brand basket and market them, such as NIKE+, Air Jordan, Hurley International, Converse and etc. Nike’s supply chain is plenary because they control the add-value part by itself and outsourced those labor-intensive partRead MoreFinancing the Enterprise: Nike Essay1340 Words   |  6 PagesIntroduction: Financing and accounting is a major part of any business without proper financing it will kill your business having good accounting, is crucial to all businesses. Nike has financed their ideas from the beginning with almost nothing. Oregon natives Phil Knight and Bill Bowerman took an idea and five hundred dollars and an idea became the biggest shoemaker ever. They have athletic footwear, apparel, and accessories for a variety of sports and fitness activities. Nikes subsidiaries are ConverseRead MoreUnder Armour -- Industry Analysis Essay999 Words   |  4 Pagescost. Under Armour has developed unique products that its consumers value and are willing to pay more for. Threat of Substitutes – There is a high threat of substitutes in the athletic gear industry especially when competing with companies such as Nike and Adidas who have been around much longer, have the funds to continuously innovate their products and already hold a large market share. Under Armour has used â€Å"authenticity† as it’s guiding principle to grow the company and advertise their products

Cheating in a Bottom Line Economy Essay - 1377 Words

SUMMARY CRITIQUE OF: â€Å"Cheating in a Bottom Line Economy† (by David Callahan) In â€Å"Cheating in a Bottom Line Economy,† author David Callahan explains the fundamental reasons for the decay of simple business ethics in today’s economy in order to meet bottom line standards. Callahan draws conclusions from everyday businesses such as auto mechanic services, law offices, and even professional medical firms to prove that people will almost always choose financial stability over integrity. The economic life in America has transformed itself into a vast land of professionals focused on achieving â€Å"lean and mean† businesses in efforts to achieve the â€Å"American Dream,† but in essence lose sense of their morals. What happens when an employee is†¦show more content†¦Not to our surprise, the employee would almost always choose their economic stability over their integrity. It is still not easy to say that the employee’s conscious didn’t warn t hem of the risks, the first time. It begins with just a simple upgrade tune up and then trickles to $1,000 in new auto parts. If we look back at the Sear’s auto mechanic example, a mechanic could easily convince the customer that their car needed a whole new system because of the customer’s lack of knowledge of the subject. The customer automatically assumes there is a guaranteed trust commitment to their service, but in turn gets fooled. The evidence unearthed by investigators found nearly identical reports of cheating at one Sears auto repair shop after another. The art of deception played a key role in fooling customers. The â€Å"ordinary people† at the New York City law firms were bound by an oath to abide a rigorous code of ethics (Callahan 33). Though these lawyers dealt with legal affairs of America’s largest companies, they were faced with not meeting year end billing requirements. In the most desperate cases of being downsized, lawyers turned t o padding their hours by simply making up the numbers. They rounded up their hours and added in miscellaneous hours which was described as the â€Å"new math† (Callahan 39). â€Å"Let me tell you how you will start acting unethically†¦OneShow MoreRelatedVolkswagen s Impact On The World s Best Known Car Manufacturers1584 Words   |  7 Pagesthat the company was involved in. Volkswagen failed in establishing the triple bottom line, social responsibility, and sustainability. The long and commonly held belief was that the only responsibility of business was to maximize the wealth of its shareholders. Today, however, companies must be socially responsible and focus on what is now called the â€Å"Triple Bottom Line† that is compromised of: environment, economy and people. All of this ties into the sustainability goals that companies are nowRead MoreAmerican Culture : The People s Way Of Life Essay1747 Words   |  7 Pagesappear not to be bothered by whether they are right or wrong. It is true that unethical behaviors witnessed at workplaces are increasingly becoming part of the American culture. Business people violate simple business ethics with an aim of meeting bottom line quotas and standards. Callahan is convinced that people doing businesses, for example auto mechanics, lawyers and professional medics, are a leading indication that individuals will prefer financial stability over integrity. The workers are orderedRead MoreThe Challenge of Ethical Behavior823 Words   |  4 Pages the U.S. Corporation has been battered by foreign competition, its own out-of-date technology and out-of-touch management and, more recently a flood of mergers and acquisitions. The result has made the old way of doing business impossible. As economies shift from one system to another, positive perceptions and stakeholder support are required for success. With so many environmental variables in flux, multinational organizations must promote a sense of normalcy, regular ethical habits, and familiarityRead MorePro-Prostitution (The Advantages of Prostitution)1469 Words   |  6 Pagescontrolled sex worker industry, prostitutes who test positive for treatable STD?s will be suspended until the condition is treated (Santoro). Others who test positive for untreatable STD?s will lose their ability to work at brothels (Santoro). The bottom-line is that prostitution is going to exist illegally no matter what happens, so controlling the industry through a system of medical health exams seems to be the only solution to reducing the transmission of STD?s in the real sex industry. The mostRead MoreAnalysis Of The Book Freakonomics By Steven D. Levitt1195 Words   |  5 Pagesto lose. They need the money, and fear the pain of violent punishment much more than the elite who can pay others to defend them. 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The triple bottom line is measured by a business economic performance and the impact on society elements of value creation are shareholders value, employee value, customer value and societal value. â€Å"Leaders in both business and civil society have focused tooRead MoreThe Corporations Board Of Directors1441 Words   |  6 Pagesinvestment. For hundreds of years, this attempt to increase a corporation’s worth was done with little or no interest in social responsibility. Until very recently this topic was not very much in the public eye. However, at the moment the global economy is rapidly changing and business transparency is increasing through the accessibility of information across the world. Social and global change is moving faster than ever and progressing through this century any business will undoubtedly need to keepRead MoreRich And Poor By Peter Singer E ssay1632 Words   |  7 Pageslife and to get a well-paying job. In situations like this are we able to say that the rich shouldn’t donate because the poor haven’t worked hard enough? Some may hesitate to give to the poor because like David Callahan said in excerpt Cheating in a Bottom-line Economy, â€Å"American culture – with its classless mythology and frontier ethos – has proved uniquely hospitable to seductive market ideas about the power of individuals to shape their own economic destiny.† (135) What Callahan is saying is thatRead MoreSocial And Global Implications Of The Corporations Board Of Directors1671 Words   |  7 Pagesinvestment. For hundreds of years, this attempt to increase a corporation’s worth was done with little or no interest in social responsibility. Until very recently this topic was not very much in the public eye. However, at the moment the global economy is rapidly changing and business transparency is incre asing through the accessibility of information across the world. 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Peter Singer Essay Example For Students

Peter Singer Essay Singer, Peter (1946- ), Australian philosopher and bioethicist. Born in Melbourne, Australia, Singer studied at the University of Melbourne and at the University of Oxford, in England. He began his career lecturing ethics at Oxford from 1971 to 1973. He subsequently worked at various universities in North America and Australia. In 1977 he became a professor of philosophy at Monash University, in Melbourne. Singer also became closely associated with the universitys Centre for Human Bioethics, which is dedicated to the study of the moral implications of biomedical discoveries. He served as its director from 1987 to 1991 and as its deputy director from 1992. In 1999 he became a professor at Princeton Universitys Center for Human Values. Singer is regarded as a rationalist. He supports a philosophical system based on reason rather than on sentiment, self-interest, or social conditioning. He has taken a preference utilitarian approach to the ethical issues involved in embryo experimentation, genetic engineering, surrogate motherhood, abortion, and euthanasia. This approach regards an action as ethically correct if it satisfies the preference of those affected and has the best consequences for the greatest number of people. Singer also rejects the idea that killing is wrong regardless of the circumstances. Singer has published several books. In Animal Liberation (1975) he proposes that humanitys domination of animals is morally indefensible. His opposition to the mistreatment of animals has been influential in stopping some inhumane testing of animals by large corporations. His other books include Practical Ethics (1979) and How are we to Live? (1993). Singer has donated the royalties from his books to international aid causes and the animal liberation movement. He has given between 10 and 20 percent of his income to the poor, believing that the rich have an ethical duty to help the undeprivileged. Singer, Peter, Microsoft Encarta Encyclopedia 2000. 1993-1999 Microsoft Corporation. All rights reserved.