Executive Summary of Microsoft Corporation ACC/280 Executive Summary The purpose of this executive summary is to analyze the most recent financial statements for Microsoft Corporation. First some of the major events in the history of the company will be identified. The company’s financials, including the income statement, balance sheet, and statement of cash flows will be analyzed. This includes the company’s assets, liabilities, revenue, and net income. Last a comparison provides how net income for the organization changed over the last three fiscal periods.
Company History: When was the Company Founded? By Whom? List Other Historical Facts. Microsoft Corporation, founded by Chair Bill Gates and Paul Allen, Senior Strategy Advisor, in 1975, has been responsible for many technological breakthroughs. The duo’s first major breakthrough into the industry was the development of BASIC, the first personal computer language designed for the Altair computer (Microsoft News Center, 2011). In 1980, former classmate of Bill Gates at Harvard University Steve Ballmer (currently chief executive officer) was hired to aid in running the company (Microsoft, 2011).
In 1981, Microsoft released the operating system MS-DOS for the IBM PC. From there, a constant stream of innovation took place with the release of Windows 1. 0 in 1985, which eliminated the confusing MS-DOS command prompt (Microsoft, 2011). The ease of use, speed, security services, Internet, and much more has continued to improve with the times and will continue to evolve. The Microsoft Office suite, introduced in 1989 (Microsoft News Center, 2011), is another huge breakthrough constantly improved and widely used for both personal and business purposes. Who is the Audit Firm for the Company?
The audit firm for Microsoft Corporation, Deloitte & Touche LLP, conducts their audits under the standards of the Public Company Accounting Oversight Board (Microsoft, 2010). Deloitte & Touche reported that the financial position of Microsoft Corporation is presented fairly and under the accounting principles set forth by GAAP. Under the Internal Control – Integrated Framework set by the Committee of Sponsoring Organizations of the Treadway Commission (Microsoft, 2010), internal control of financial reporting is also acceptable. What Stock Exchange is the Company Listed on?
What is Their Ticker Symbol? The ticker symbol for Microsoft Corporation is MSFT and is traded under NASDAQ. The value of high common stock for the fiscal year of 2010 was $31. 58 per share and $22 per share for low common stock (Microsoft, 2010). * How Much Cash and Cash Equivalents did the Company Have at the end of its 2 Most Recent Annual Reporting Periods? At the end of 2009, the companies cash and cash equivalents totaled $6. 076 billion, decreasing to $5,505 billion in 2010. However, this section still experienced an increase because short-term investments had risen significantly.
The net increase for total cash, cash equivalents, and short-term investments increased from 31. 447 billion in 2009 to 36. 788 billion in 2010, ushering a 5. 341 billion increase. * * What Were the Company’s Total Current Assets at the end of its 2 Most Recent Annual Reporting Periods? In What Order Should Current Assets be Presented? In 2009, current assets totaled 49. 280 billion. This value increased by 6. 396 billion from 2010 to 55. 676 billion. This change is noticeably attributed to by the increase in short-term investments noted above and a 1. 822 million increase in receivables.
Discussion about The Safe Drinking Water Act two parts
(Plagiarism Free) Part A The Safe Drinking Water Act of 1974 authorizes the U.S. Environmental Protection Agency (EPA) to establish national regulations to ensure the drinking water quality of public water systems. State governments also can be approved to implement these rules for EPA. In California, regulations are from Title 17 and Title 22 of the California Code of Regulations (CCR). Search for the appropriate section in either Title 17 or Title 22 of CCR and do some research about the regulation of water systems in the State of California. Specifically, answer the questions listed below, and for each question, write the section(s) where the information was found, using the following format: 5 CCR §54042 (where 5 is for Title 5, CCR is for California Code of Regulations, and §54042 is the section number under Title 5 where the information is found).
Answer these questions:
What is the main difference between a point-of-use (POU) and point-of-entry (POE) treatment system?
How often should POU and POE systems be inspected and by whom?
According to California’s regulations on the reuse of wastewater, described in Title 22 of CCR, what is the required removal of viruses for the following situations?Under Title 22 of CCR, disinfected tertiary recycled water that has not received conventional treatment may be used for nonrestricted recreational impoundments, provided the recycled water is monitored for the presence of pathogenic organisms. What is the required virus reduction (percent reduction %) for disinfected tertiary recycled water if chlorine is not used?
Under Title 22 of CCR, a groundwater replenishment reuse project (GRRP) is a project involving the planned use of recycled municipal wastewater that is operated for the purpose of replenishing a groundwater basin designated in the Water Quality Control Plan for use as a source of municipal and domestic water supply. What total overall virus reduction is required for a GRRP (express your answer in log10 units)?
The Pure Water Project in San Diego is the first indirect potable reuse via surface water augmentation project in the state of California. The regulations for this type of indirect potable reuse were approved on October 1, 2018. Under these regulations, recycled water is discharged to a reservoir, where it is mixed with other water sources, then later withdrawn to be treated again at a potable water treatment plant. What is the additional reduction of viruses required if the volume of recycled water withdrawn from the augmented reservoir is between 1 – 10%, compared to a situation where the volume of recycled water withdrawn from the augmented reservoir is less than 1%?