Customer center

We are a boutique essay service, not a mass production custom writing factory. Let us create a perfect paper for you today!

Example research essay topic: Wal Mart Stores Cash Equivalents - 1,457 words

NOTE: Free essay sample provided on this page should be used for references or sample purposes only. The sample essay is available to anyone, so any direct quoting without mentioning the source will be considered plagiarism by schools, colleges and universities that use plagiarism detection software. To get a completely brand-new, plagiarism-free essay, please use our essay writing service.
One click instant price quote

... e pure-play e-tailing sector, Wal-Mart's best bet for return on Wal-Mart. com is to leverage efficiencies between the two organizations. With the establishment of a well-functioning Internet operation, Wal-Mart can also begin to examine its customer base more intimately.

Based on new abilities to tailor offerings under Customer Relationship Management (CRM) theory, Wal-Mart can start differentiating its customers and customizing its offerings to them. For example, there may be some customers who want to shop exclusively through the web and others who will use a combination of web and store shopping. For each of these customers there is unique value that Wal-Mart brings. Wal-Mart must gather its information about its customers and then interact with them further to deliver an end product that provides the most value. In conclusion, Wal-Mart appears to be in the position to finally manage the technical transitions related to the Internet. Through its partnership with Accel and its creation of a separate entity it is on track to begin to exploit the Internet to its benefit.

Wal-Mart must learn from its mistakes during this period and create systems to manage future technical transitions. Fortunately, the size of Wal-Mart's pockets allow for these mistakes. In fact, the capital support could even facilitate more flexibility with experimentation, which could greatly increase its competitive position. Wal-Mart. com can still enjoy the benefits of purchasing leverage available to the parent company, as well as the brand recognition and advertising opportunities. Wal-Mart must find the right set of incentives and dialogue between the two companies to provide the customers with an integrated full-service offering.

Once this equilibrium is reached, hopefully Wal-Mart will begin to fully appreciate the synergies of the Internet. Exhibit 1 WAL-MART STORES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in millions) ASSETS October 31, January 31, 2000 2000 (Unaudited) ( Note) Cash and cash equivalents $ 1, 311 $ 1, 856 Receivables 1, 468 1, 341 Inventories 24, 975 19, 793 Prepaid expenses and other 1, 675 1, 366 Total current assets 29, 429 24, 356 Property, plant and equipment, at cost 45, 833 41, 063 Less accumulated depreciation 9, 619 8, 224 Net property, plant and equipment 36, 214 32, 839 Property under capital leases 4, 385 4, 285 Less accumulated amortization 1, 273 1, 155 Net property under capital leases 3, 112 3, 130 Net goodwill and other acquired 8, 994 9, 392 intangible assets Other assets and deferred charges 1, 302 632 Total assets $ 79, 051 $ 70, 349 LIABILITIES AND SHAREHOLDERS' EQUITY Commercial paper $ 5, 751 $ 3, 323 Accounts payable 15, 872 13, 105 Accrued liabilities 6, 373 6, 161 Other current liabilities 3, 470 3, 214 Total current liabilities 31, 466 25, 803 Long-term debt 13, 412 13, 672 Long-term obligations under capital 2, 973 3, 002 Leases Deferred income taxes and other 884 759 Minority interest 1, 082 1, 279 Common stock and capital in excess of par 1, 736 1, 160 Value Retained earnings 28, 433 25, 129 Other accumulated comprehensive income (935) (455) Total shareholders' equity 29, 234 25, 834 Total liabilities and shareholders' $ 79, 051 $ 70, 349 Equity Exhibit 2 WAL-MART STORES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (Amounts in millions except per share data) Three Months Ended Nine Months Ended October 31, October 31, 2000 1999 2000 1999 Revenues: Net sales $ 45, 676 $ 40, 432 $ 134, 773 $ 113, 619 Other income - net 505 466 1, 443 1, 322 46, 181 40, 898 136, 216 114, 941 Costs and expenses: Cost of s 35, 694 31, 606 105, 403 88, 970 Operating, selling and general administrative expenses 7, 918 6, 907 22, 862 19, 368 Interest costs: Debt 307 251 842 502 Capital leases 68 66 206 197 43, 987 38, 830 129, 313 109, 037 Income before income taxes, minority 2, 194 2, 068 6, 903 5, 904 interest, equity in unconsolidated subsidiaries and cumulative effect of accounting change Provision for income taxes 807 757 2, 540 2, 161 Income before minority internet 1, 387 1, 311 4, 363 3, 743 equity in unconsolidated subsidiaries and cumulative effect of accounting change Minority interest and equity (18) (17) (72) (84) unconsolidated subsidiaries Income before cumulative effect of 1, 369 1, 294 4, 291 3, 659 accounting change Cumulative effect of accounting - - - (198) change, net of tax benefit of $ 119 Net income $ 1, 369 $ 1, 294 $ 4, 291 $ 3, 461 Net income per common share: Basic net income per common share Income before cumulative effect $ 0. 31 $ 0. 29 $ 0. 96 $ 0. 82 of accounting change Cumulative effect of accounting - - - (0. 04) change, net of tax Net income per common share $ 0. 31 $ 0. 29 $ 0. 96 $ 0. 78 Average number of common shares 4, 468 4, 454 4, 463 4, 451 Dilutive net income per common share Income before cumulative effect $ 0. 31 $ 0. 29 $ 0. 96 $ 0. 82 of accounting change Cumulative effect of account - - - (0. 04) change, net of tax Net income per common share $ 0. 31 $ 0. 29 $ 0. 96 $ 0. 77 Average number of common shares 4, 487 4, 475 4, 484 4, 473 Dividends per share $ 0. 0600 $ 0. 0500 $ 0. 1800 $ 0. 1500 Exhibit 3 WAL-MART STORES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Amounts in millions) Nine Months Ended October 31, 2000 1999 Cash flows from operating activities: Net income $ 4, 291 $ 3, 461 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 2, 014 1, 612 Cumulative effect of accounting change (net of tax) - 198 Increase in inventories (5, 315) (4, 621) Increase in accounts payable 3, 007 2, 699 Other (184) 412 Net cash provided by operating activities 3, 813 3, 761 Cash flows from investing activities: Payments for property, plant & equipment (5, 846) (4, 013) Investment in international operations (net of cash (617) (10, 653) acquired, $ 195 million in 1999) Other investing activities 53 (179) Net cash used in investing activities (6, 410) (14, 845) Cash flows from financing activities: Increase in commercial paper 2, 441 6, 709 Proceeds from issuance of long-term debt 1, 523 5, 755 Dividends paid (802) (668) Payment of long-term debt (1, 292) (838) Purchase of Company stock (193) (101) Proceeds from issuance of common stock 582 - Other financing activities (207) (217) Net cash provided by financing activities 2, 052 10, 640 Net decrease in cash and cash equivalents (545) (444) Cash and cash equivalents at beginning of year 1, 856 1, 879 Cash and cash equivalents at end of period $ 1, 311 $ 1, 435 Supplemental disclosure of cash flow information: Income taxes paid $ 2, 588 $ 1, 895 Interest paid 1, 123 614 ASDA acquisition cost satisfied with Wal-Mart stock - 175 Capital lease obligations incurred 254 266 Property, plant and equipment acquired with debt - 65 Resources: Associated Press Newswires. "Revamped Wal-Mart Site Runs Into Glitches, " December 5, 2000. Business Week. "Why Banana Republic's Star Jumped to Wal-Mart" November 6, 2000.

BusinessWeek Online. "Will Wal-Mart. com Get It Right This Time?" November 6, 2000. BusinessWeek Online. "Wal-Mart. com vs.

Amazon. com: This Race Isn't Even Close?" December 18, 2000. Red Herring. "Shop Talk: Wal-Mart. com's no Amazon.

com." November 7, 2000. Treacy, M. , and F. Wiersema, "Customer Intimacy and Other Value Disciplines, " Harvard Business Review, 1992. The Wall Street Journal. "Wal-Mart Launches Web Site a 3 rd Time, This Time Emphasizing speed and Ease, " October 31, 2000. "Wal Mart Stores, Inc. , " Harvard Business School Case 9 - 794 - 024, Rev. August 6, 1996. Walmart.

com, "Wal-Mart Stores and America Online Announce Wide-Ranging Strategic Alliance." December 16, 1999. Walmart. com, "Wal-Mart, Accel Partners to Launch Walmart. com, a New Independent Company Based on Silicon Valley, " January 6, 2000 Walmart. com, "Walmart. com Fills Top Customer Care Post, " August 15, 2000.

Walmart. com, "Walmart. com Announces New VP of Marketing, " September 29, 2000. Walmart. com, "Walmart.

com Announces New Chief Merchant, " December 1, 2000. Walmart. com, "Walmart. com Purchases Content Assets from Garden. com, " January 17, 2001. Walmartstores.

com, "Wal-Mart Online to Offer Customers the Ultimate in Payment Card Security." June 2, 1997. Walmartstores. com, "Wal-Mart Selected by CIO Magazine as a Top 100 Company to Excel in the 21 st Century." August 16, 1999. Walmartstores.

com, "New Wal-Mart Fulfillment Distribution Center to Provide Service to Wal-Mart. com." August 2, 2000.


Free research essays on topics related to: cash equivalents, wal mart stores, net income, shareholders' equity, cash flows

Research essay sample on Wal Mart Stores Cash Equivalents

Writing service prices per page

  • $18.85 - in 14 days
  • $19.95 - in 3 days
  • $23.95 - within 48 hours
  • $26.95 - within 24 hours
  • $29.95 - within 12 hours
  • $34.95 - within 6 hours
  • $39.95 - within 3 hours
  • Calculate total price

Our guarantee

  • 100% money back guarantee
  • plagiarism-free authentic works
  • completely confidential service
  • timely revisions until completely satisfied
  • 24/7 customer support
  • payments protected by PayPal

Secure payment

With EssayChief you get

  • Strict plagiarism detection regulations
  • 300+ words per page
  • Times New Roman font 12 pts, double-spaced
  • FREE abstract, outline, bibliography
  • Money back guarantee for missed deadline
  • Round-the-clock customer support
  • Complete anonymity of all our clients
  • Custom essays
  • Writing service

EssayChief can handle your

  • essays, term papers
  • book and movie reports
  • Power Point presentations
  • annotated bibliographies
  • theses, dissertations
  • exam preparations
  • editing and proofreading of your texts
  • academic ghostwriting of any kind

Free essay samples

Browse essays by topic:

Stay with EssayChief! We offer 10% discount to all our return customers. Once you place your order you will receive an email with the password. You can use this password for unlimited period and you can share it with your friends!

Academic ghostwriting

About us

© 2002-2024 EssayChief.com