ACC 280 UOP Class Notes

Apr 18th, 2015
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Dell Inc.Executive SummaryPrinciples of AccountingACC/280December 13, 2010Michael DellFounder Michael Dellwith his Pcs Limitedprototype, which isnow housed at theSmithsonian InstituteIn 1984 Michael Dellcreated his first company,PCs Limited, out of hisdorm room while a he wasa student at the Universityof TexasA Fortune 500 CompanyDell Inc. - What does Dell do? Employees more that 94,300 people globally Computer hardware (keyboards, displayscreens, power cords, etc..) Complete Information Systems Software Solutions IT consulting Close to 300 Subsidiaries globallyDELL on the NASDAQ stockexchangeGreen Initiatives Free hardware recycling Bamboo packaging Ranked #1 in corporatesustainability for 2009 Eight campuses in the U.S.and Europe powered by 100percent renewable energyCash and Cash EquivalentsDell Inc Financial Information(in millions)FY 2011 2nd Quarter Report as of July 30th,2010:Total current assetsCash and cash equivalentTotal assets$27,209$11,694$36,640Liabilities and EquityAccounts Payable$12,465Dell Inc. Financial Information (in millions)FY 2011 - 3rd Quarter Report as of October29, 2010:Total current assetsCash and cash equivalent$37, 157$12,889Liabilities and EquityAccounts Payable$11,278Dell 3rd Quarter Financial Report Revenue in the quarter grew 19 percent and isup 21 percent year to date GAAP operating income was $1.02 billion,6.7

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