Accounting Discussion Questions: 1 paragraph each question
1. Is the swoosh design included in Nike’s financial statements? If so, what section of what statement? At what value? Feel free to refer to outside articles or news stories, but remember that these discussions are informal chats, not major research projects.
2. Journal Entry of your dreams: Imagine you run an incredibly successful company. What journal entry would you most like to make? Is it a $10 million investment from an angel? A purchase of a company car? The expense of an all-employee retreat? Revenue? Anything goes. Record it in a reply here in proper journal entry form.
3.Read the Wall Street Journal article, Apple&x27;s Supply Chain Is Its Strongest Link.
The article states: "The company conceded that it did experience supply constraints during the quarter—more so than in the previous period. But no other company in the technology hardware business has Apple’s combination of financial and operational might." What does the author mean by financial might? By operation might? Comment on Apple&x27;s ability to maintain adequate inventory levels when so many other companies could not. How does this advantage affect Apple&x27;s Income Statement and Balance Sheet? Do you expect Apple to be able to maintain this advantage? Please comment on classmates&x27; posts.