Acct 242 Intel Case

$8 mill needed to be deducted from net income on the income statement. They should have followed (Following) with disclosure notes to describe why this error occurred and how it impacted the statement and accounts that it touched. For instance, the notes would describe the presence of the correction on the current period of beginning inventory, and retainED earnings.

First, on the basis of assumptions underlying the acceleration of the Company’s strategy refocus, management projects a decline in the net cash flows for the A2 Americas segment. As a result, in the third quarter of 2010, management has tested the long-lived assets of this segment for recoverability. They recorded a pretax impairment charge of $1.76 billion in cost of sales.

Too many disposals of small groups of assets that are recurring in nature qualify for discontinued operations under prior GAAP. This caused financial statements to be less decision useful for users. Additionally, the guidance on discontinued operations resulted in higher costs for preparers because it can be complex and difficult to apply. The FASB issued ASU 2014-08 to address those problems by changing the criteria for reporting discontinued operations, while simultaneously enhancing convergence with the International Accounting Standard Board’s reporting requirements for discontinued operations.

If the Lender receives money as a result of making such a claim as part of the distribution of the Borrower’s estate or any other reason, it may, subject to the requirement of any law, set that money aside. Subject to the requirement of any law, the Lender need not apply that money to pay the guaranteed debt until it has received sufficient to discharge the guaranteed debt and until that time your liability to pay the whole of the guaranteed debt will not be affected.

This report is dealing with the case of ACME Electronics vs. Otto Gunter. Gunter purchased a computer from ACME Electronics in 2002. In 2004, the hard drive crashed and he brought it in to ACME Electronics to have it replaced, as well

Excess/ obsolescence costs (including cost of inventory adjustments, end-of-life write-offs, scrap, material obsolescence and obsolete product rebate programs)

In one and half month the single word of one mathematician has turned into a worldwide campaign against us. AMD, Cyrix, and Nexgen are benefiting most from these events. They proved to have become quicker in manufacturing clones of our innovative products. Given this shorter time to market, they may jump on this opportunity to deliver Pentium clones any time. Our strategy to stop competitors copying our new products was heavy patent protection for the Pentium brand, however if our brand image is continually damaged to such extent, that protection would not give us the competitive advantage we expected. Although we have been the chips of choice for most of users, with the current negative publicity, the competitors may find their niche and expand their market share. Cost of switching from one type of processor to another (for example from Intel to AMD) is not significant for computer manufacturers due to the modular nature of this product. We know that this flaw would not affect any significant portion of the personal users (about 3.7 millions chips sold). The business users with heavy calculation needs such as engineering and specifically financial sectors would

(c) Write a report to the management of Intel. Your report should include an evaluation of short-term liquidity, operating efficiency, capital structure and long-term solvency, profitability, market measures, and a discussion of any quality of financial reporting issues. In addition, strengths and weaknesses should be identified, and your opinion of the investment potential and the creditworthiness of the firm should be conveyed to management.

According with the approved holiday leave period, the first period is 12-28 DEC 16 and the second period is 28 DEC 16 to 13 JAN 17. However, AM2 Lanza is requesting to take leave out of the approved period. Her family, mom and Dad, will be visiting her from USA from 6 DEC to 13 DEC. She is not interested in take additional leave other than the days requested.

In the summer of 1980, the SSA (Social Security Administration) requested a new computer system for its offices. They eventually signed a contract for 1800 computer systems with Paradyne Computers for $115 million (Davis). At first, the computers failed the testing algorithms put in place by the SSA, so the SSA subsequently watered down the testing requirements so that they could move along with the project. As time went on, they became problematic. They required rebooting sometimes multiple times per day (IEEE Trans. on Edu.). The SSA investigated the incident and discovered that the Paradyne P8400 system they purchased was a prototype, which was strictly against the SSA’s wishes.

Idea No.7 has the most dominant design over the other 3. It is very promising to develop into a con-cept design and that would attract the most customers. The matrix table above shows that idea No.7 is the most suitable. The main requirements in the design brief have been all achieved by this idea. Adding to this the interesting shape of this design gives it prominence over the others. It is the eco-friendliest design and also

1．A firm has net working capital of $640. Long-term debt is $4,180, total assets are e $6,230, and fixed assets are $3,910. What is the amount of the total liabilities?

The transportation battery division of A123 Systems, Inc was purchased by Wanziang America Corporation, a division of China’s Wanziang Group. The government and military portions and contracts of A123 Systems, Inc was purchased separately by Navitas Systems, LLC. The vehicle battery division now operates under the name A123 Systems, LLC and is no longer traded publicly. The government and military components of the former A123 Systems now operates as Navitas Advanced Solutions Group. It was delisted from the SEC as of December 2012. The last financial data available through SEC filings is 3rd quarter 2012 and the last fiscal year annual report available publicly is for the year ended December 31, 2011. This Strategic Audit will be using the data available as of the last year of public reporting – 2011.

In the iGaming industry, there is a great advantage available for gaming software developers that have its roots in the land-based casino industry. They have had the opportunity to learn directly what players respond to and figure out how to meet player expectations by putting amazing content on the Internet. This is a process that Batty Technologies has perfected over the past few years.

In conclusion, the pressures Intel faced during Barret’s tenure caused a significant amount of turmoil which resulted in a substantial amount of change. He was able to keep them on top in their market regardless of these