McDonald’s basic financial statements? August 22, 2017 by Dr. Wendy Tietz, CPA, CMA, CGMA 0 Comments McDonald’s Corporation (NYSE: MCD) is a publicly held corporation with more than $31 billion in assets. It started in 1940 as a BBQ restaurant in San Bernardino, California. In 1948, McDonald’s switched to burgers, shakes, potato chips, and pie. Its Golden Arches are generally believed to be the most recognized symbol in the world. To follow are McDonald’s four basic financial statements for its most recent year, the year ending December 31, 2016. Please note that all statements have been adapted and condensed for educational use and should not be used for investment decisions. McDonald’s complete, unabridged financial statements can be found on its investor relations website. Note: The financial statements above can also be downloaded in Excel format for enhanced readability. Questions What form of business organization is McDonald’s? How do you know? Identify the line item that flows from the income statement to the statement of retained earnings. Identify the line item that flows from the statement of retained earnings to the balance sheet. Identify the line item that flows from the balance sheet to the statement of cash flows. Did McDonald’s have net income or net loss for 2016? Over what period of time was this amount earned? Write the accounting equation for McDonald’s as of December 31, 2016.
"The World is Flat," by Thomas Friedman Disclaimer: This work has been put together by an understudy. This isn't a case of the work composed by our expert scholastic journalists. You can see tests of our expert work here. Any sentiments, discoveries, ends or suggestions communicated in this material are those of the writers and don't really mirror the perspectives of UK Essays. Distributed: Tue, 02 Jan 2018 "The World is Flat," by Thomas Friedman, narratives the deluge of a substantial number of new players on the worldwide financial stage that has made a solid power that is as of now influencing Americans. Friedman trusts that these approaching changes can possibly deliver both positive and negative outcomes. A model that delineates the scope of Friedman's investigation is his contention about the effect of the website air pocket and its inevitable bust. He proposes that in spite of the fact that the bust was terrible for a few financial specialists, it ended up being great in opening up worldwide markets. The overcapacity which created the bust likewise delivered low costs for broadcast communications, in this manner empowering players from littler financial districts to take an interest in an amusement typically held for greater players. Friedman portrays a few models of various firms in these districts that have developed to give innovation administrations to American business. One model, including an Indian firm that does fundamental government form work for an American bookkeeping organization, mirrors his view that in spite of the fact that cost favorable circumstances are imperative, the genuine essentialness are the aggressive extents and developments made conceivable by this new innovation. A standout amongst the most essential acumens of his book is that Americans ought to become accustomed to the way that the United States won't long remain the most grounded player on the field. From my perspective, the United States have severely required a decent portion of modesty, and these worldwide movements Friedman distinguishes guarantee to move us that way. While numerous sections point toward the approach of an arrangement of worldwide collaboration where nobody player claims strength, numerous others accept a win-lose situation, in which Americans will be ruled by the Indians and Chinese on the off chance that they don't start thinking responsibly. Friedman begins one of his sections with a concise relating of the end result for America's past world predominance in ball, portraying it as an incredible similitude for what is occurring in the worldwide economy. Rather than getting a handle on the new evenness of the worldwide financial framework, he wishes for the grandness days when the United States was still big cheese. He composes over and over again as though the main decision Americans have is to play and win, or to be washouts. This penchant is especially plainly obvious in his continuous references to the assurance of high-stakes rivalry. "There is no opportunity to rest; we need to work harder; the Europeans are reprobate since they esteem having more occasions." Friedman composes just as this isn't an alternative, yet there are decisions, or there should be. On the off chance that the present framework lessens a significant number of those decisions, maybe we should change the framework. Globalization is about productivity. In any case, as Friedman concedes, there's a whole other world to it than that. He considers the anxieties and drawbacks in globalization in the part titled "The Great Sorting Out," however despite everything he appears to be hesitant to truly investigate the results. Friedman appears to be reluctant to recognize that the framework is fundamentally influenced by worldwide political structures or the nonappearance thereof. For instance, he specifies the requirement for the United States to build up a vitality freedom arrangement, particularly to adapt to the normal immense increments in the interest for vitality by China and India. Yet, the greater part of this discourse happens in a section on the best way to kick off American science and innovation training so we can remain aggressive. Friedman completes a quite great job of recognizing globalization's effect on specialists. He perceives that the world isn't yet extremely level yet on the grounds that there are as yet a large number of individuals who are not ready to contend in the worldwide market. Be that as it may, he is as yet hesitant to point at basic issues. Friedman offers an assessment of how the non-just political structures of the Middle East do exclude a significant part of the populace who live there from the advantages of development and enhancement. I should believe that we require more than expectation; The United States needs to create open approaches that have worldwide achieve, that verify that in any event the key players are at the worldwide eating table can helpfully address a portion of the notable issues. In the event that the cost of these strategies creates lost effectiveness, we ought to have a legit banter about this exchange off, instead of expecting that proficiency dependably wins.>GET ANSWER