III. Chain of Command
IV. Audit Procedures
V. Stock Exchange Information
VII. Accounts Payable
IX. Net Revenues
X. Net Income
XIII. Finance Statements
A. Illustration (1) - Balance Sheet
B. Illustration (2) - Income Statement
C. Illustration (3) - Cash Flow Statement
Executive Summary: Wal-Mart, Inc.
Team “B” has chosen to write our Executive Summary on the Wal-Mart, Inc. because they
is an irresistible retail force that has yet to meet any immovable objects. Wal-Mart Stores, Inc.
is not only the largest retailer in the world; it now also ranks as the largest corporation in the
world. According to Investor Words (2010), “the retail giant dwarfs its nearest competition,
generating three times the revenues of the world's number two retailer, France's Carrefour SA
and has more than 1.2 million workers, making it the nation's largest nongovernmental
employer”. This paper will cover Wal-Mart’s history, management, and financial data. The first
topic to be discussed will be Wal-Mart’s history.
Wal-Mart was founded by Sam Walton in Rogers, Arkansas in 1962 and was founded on three basic principles that they still adhere to today. Respect for the individual, service to the customers, and striving for excellence are the three principles we are talking about. One of the first differences to take note of here is the difference in the initial industry starting point. Wal-Mart broke into the discount retail market and started its foray into the retail industry via department stores. Sam Walton created his vision from the ground up with 95% of the original store in Rogers, AK coming directly from Walton and his wife. Wal-Mart’s focus has always been on being the everyday low price leader in discount retail and providing higher quality products at lower prices. You can see Wal-Mart’s...