Chapter 1&2 discussion - Q uestion a W hat is the...

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Question a: What is the business address of Cisco Systems? Answer a: The business address for Cisco Systems is: 170 WEST TASMAN DR SAN JOSE CA 95134-1706 Question b: Locate the balance sheet in Form 10Q and determine whether the amount of the company's cash (and cash equivalents) increased or decreased in the most recent quarter. Answer b: The cash (and cash equivalents) are lower than the past quarter. Question c: Locate the income statement (called the "statement of operations"). What was the company's net income for the most recent quarter? Is that amount higher or lower than in the previous quarter? Answer c: The net income quarter ending Jan 2009 was $1504 million v/s the net income last quarter ending October 2008 was $2202 million. The net income dropped by $698 million. It sounds like the company’s sales are lower in winter months, but at the same time the operating expenses are still the same. Question
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This note was uploaded on 12/13/2009 for the course ACCOUNTING ACCTG 50 taught by Professor B during the Fall '09 term at University of Phoenix.

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Chapter 1&2 discussion - Q uestion a W hat is the...

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