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1、2TransactionAnalysisSPOTLIGHT:Apple,Inc.Howdoyoumanageinformationinyourbusylife?Youmayuseanyofthou-sandsofapplications(“Apps”)onApple’siPhonefortexting,listeningtomusic,orcheckingtheweatherorsportsscores.YoumayuseaniPadforread-ingyourfavoritebooksorplayingyourfavoritegame.TheiPhone,iPod,andiPad,in
2、additiontothecompany’spopularMacbookandiMacnotebookcomputers,havegeneratedbillionsofdollarsinprofitsforthecompany.Apple,Inc.,isaU.S.-basedmultinationalcorporationthatdesignsandmanufacturescon-sumerelectronics.Thecompanylaunchedover30yearsagowiththenameAppleComputer,Inc.,butbecauseithasexpandeditsp
3、rod-uctlinesomuchinthelastfewyears,itdroppedthe“computer”fromitsnamein2007.Thecompany’sbest-knownhard-wareproductsincludeMaccomputers,aswellastheiPod,iPhone,andIPad.ApplesoftwareincludestheMacOSXoperatingsystem,theiTunesmediabrowser,theiLifesuiteofmultimediaandcreativitysoftware,theiWorksuiteofpro
4、ductivitysoftware,andFinalCutStudio,asuiteofprofessionalaudioandfilm-industrysoftwareproducts.Thecompanyoperatesmorethan300retailstoresworldwideandanonlinestorewherehardwareandsoftwareproductsaresold.HowdoesAppledetermineitsrevenues,expenses,andnetincome?Likeallothercompanies,Applehasacom-prehensi
5、veaccountingsystem.Apple’sincomestatement(state-©Mmentofoperations)isgivenatthestartofthischapter.Theincomeira/Alamystatementshowsthatduringfiscalyear2010,Applemadeover$65billionofsalesandearnednetincomeof$14billion.Wheredidthosefigurescomefrom?Inthischapter,we’llshowyou.●5960Chapter2Apple,Inc.Sta
6、tementofOperations(Adapted)FiscalYearEndedSeptember25,2010(Inbillions)2010Netsales$65.2Costofgoodssold39.5Grossprofit25.7Operatingexpenses:Researchanddevelopmentexpense1.8Selling,general,andadministrativeexpense5.5Totaloperatingexpenses7.3Operatingincome(loss)18.4Otherincome.1Incomebeforeincometax
7、es18.5Incometaxexpense4.5Netincome$14.0Chapter1introducedthefinancialstatements.Chapter2willshowyouhowcompaniesactuallyrecordthetransactionsthateven-tuallybecomepartofthefinancialstatements.1.Explainwhatatransact
