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Wiki Wiki Summary
Balance sheet In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year.
Financial analysis Financial analysis (also referred to as financial statement analysis or accounting analysis or Analysis of finance) refers to an assessment of the viability, stability, and profitability of a business, sub-business or project. \nIt is performed by professionals who prepare reports using ratios and other techniques, that make use of information taken from financial statements and other reports.
Federal takeover of Fannie Mae and Freddie Mac In September 2008 the Federal Housing Finance Agency (FHFA) announced that it would take over the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Both government-sponsored enterprises, which finance home mortgages in the United States by issuing bonds, had become illiquid as the market for those bonds collapsed in the subprime mortgage crisis.
Central Bank of Armenia The Central Bank of Armenia (Armenian: Հայաստանի Կենտրոնական Բանկ, romanized: Hayastani Kentronakan Bank) is the central bank of Armenia with its headquarters in Yerevan. The CBA is an independent institution responsible for issuing all banknotes and coins in the country, overseeing and regulating the banking sector and keeping the government's currency reserves.
Human factors and ergonomics Human factors and ergonomics (commonly referred to as human factors) is the application of psychological and physiological principles to the engineering and design of products, processes, and systems. Four primary goals of human factors learning are to reduce human error, increase productivity, and enhance safety, system availability and comfort with a specific focus on the interaction between the human and the engineered system.The field is a combination of numerous disciplines, such as psychology, sociology, engineering, biomechanics, industrial design, physiology, anthropometry, interaction design, visual design, user experience, and user interface design.
Communication Communication (from the Latin communicare, meaning "to share" or "to be in relation with") is "an apparent answer to the painful divisions between self and other, private and public, and inner thought and outer world." As this definition indicates, communication is difficult to define in a consistent manner, because in common use it refers to a very wide range of different behaviours involved in the propagation of information. John Peters argues the difficulty of defining communication emerges from the fact that communication is both a universal phenomenon (because everyone communicates) and a specific discipline of institutional academic study.One definitional strategy involves limiting what can be included in the category of communication (for example, requiring a "conscious intent" to persuade).
Marine sandglass A marine sandglass is a timepiece of simple design that is a relative of the common hourglass, a marine (nautical) instrument known since the 14th century (although reasonably presumed to be of very ancient use and origin). Sandglasses were used to measure the time at sea or on a given navigational course, in repeated measures of small time increments (e.g., 30 minutes).
List of soft drinks by country This is a list of soft drinks in order of the brand's country of origin. A soft drink is a beverage that typically contains water (often, but not always, carbonated water), usually a sweetener and usually a flavoring agent.
German cuisine The cuisine of Germany (German: Deutsche Küche) is made up of many different local or regional cuisines, reflecting the country's federal history. Germany itself is part of a larger cultural region, Central Europe, sharing many traditions with neighbouring countries such as Poland and the Czech Republic.
Operation Mincemeat Operation Mincemeat was a successful British deception operation of the Second World War to disguise the 1943 Allied invasion of Sicily. Two members of British intelligence obtained the body of Glyndwr Michael, a tramp who died from eating rat poison, dressed him as an officer of the Royal Marines and placed personal items on him identifying him as the fictitious Captain (Acting Major) William Martin.
Operations management Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed and effective in meeting customer requirements.
Operation (mathematics) In mathematics, an operation is a function which takes zero or more input values (called operands) to a well-defined output value. The number of operands (also known as arguments) is the arity of the operation.
Ageusia Ageusia (from negative prefix a- and Ancient Greek γεῦσις geûsis 'taste') is the loss of taste functions of the tongue, particularly the inability to detect sweetness, sourness, bitterness, saltiness, and umami (meaning 'pleasant/savory taste'). It is sometimes confused with anosmia – a loss of the sense of smell.
Ingredient An ingredient is a substance that forms part of a mixture (in a general sense). For example, in cooking, recipes specify which ingredients are used to prepare a specific dish.
Natural Ingredients A natural product is a chemical compound or substance produced by a living organism—that is, found in nature. In the broadest sense, natural products include any substance produced by life.
Ingredients of cosmetics Cosmetics ingredients come from a variety of sources but, unlike the ingredients of food, are often not considered by most consumers. Cosmetics often use vibrant colors that are derived from a wide variety of sources, ranging from crushed insects to rust.Cosmetics in a variety of forms date back to early civilizations, with the need to improve ones personal appearance being an important factor in attracting a mate.
East-Central Europe East-Central Europe is the region between German-, Hungarian-, and West Slavic-speaking Europe and the East Slavic countries of Belarus, Russia, and Ukraine. Those lands are described as situated "between two": "between two worlds, between two stages, between two futures".
Availability heuristic The availability heuristic, also known as availability bias, is a mental shortcut that relies on immediate examples that come to a given person's mind when evaluating a specific topic, concept, method or decision. The availability heuristic operates on the notion that if something can be recalled, it must be important, or at least more important than alternative solutions which are not as readily recalled.
Available-to-promise Available-to-promise (ATP) is a business function that provides a response to customer order inquiries, based on resource availability.\n It generates available quantities of the requested product, and delivery due dates.
Impacts of tourism Tourism brings both positive and negative impacts on tourist destinations. The traditionally-described domains of tourism impacts are economic, socio-cultural, and environmental dimensions.
Secured loan A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan.
Debtors Anonymous Debtors Anonymous (DA) is a twelve-step program for people who want to stop incurring unsecured debt. Collectively they attend more than 500 weekly meetings in fifteen countries, according to data released in 2011.
Black Thought Tariq Luqmaan Trotter (born October 3, 1973), better known as Black Thought, is an American rapper, actor and the lead MC of the Philadelphia-based hip hop group the Roots, which he co-founded with drummer Questlove (Ahmir Thompson). Regarded as "one of the most skilled, incisive, and prolific rappers of his time", he is widely lauded for his live performance skills, continuous multisyllabic rhyme schemes, complex lyricism, double entendres, and politically aware lyrics.
North Dakota Fighting Hawks The North Dakota Fighting Hawks (formerly known as the Fighting Sioux) are the athletic teams that represent the University of North Dakota (UND), located in the city of Grand Forks, North Dakota.\nOriginally in the Division II North Central Conference, UND began transitioning to NCAA's Division I in 2008 with the football program participating in the Division I Football Championship Subdivision (FCS).
Less-than sign The less-than sign is a mathematical symbol that denotes an inequality between two values. The widely adopted form of two equal-length strokes connecting in an acute angle at the left, <, has been found in documents dated as far back as the 1560s.
Microporous material A microporous material is a material containing pores with diameters less than 2 nm. Examples of microporous materials include zeolites and metal-organic frameworks.
Material inference In logic, inference is the process of deriving logical conclusions from premises known or assumed to be true. In checking a logical inference for formal and material validity, the meaning of only its logical vocabulary and of both its logical and extra-logical vocabulary\nis considered, respectively.
List of presidents of the Philippines by previous executive experience This is a list of the current and former Philippine presidents by previous executive experience before they became president of the Philippines. Executive experience is defined as having been something where one is the top decision-maker in a company, a regional constituency, a military unit, or something like that.
Previously Unreleased Previously Unreleased is a 1984 EP by the English guitarist Larry Wallis, released under the name Pink Fairies.\nThe EP contains "As Long as the Price is Right" which had previously been issued as a single by Dr.
Exponential distribution In probability theory and statistics, the exponential distribution is the probability distribution of the time between events in a Poisson point process, i.e., a process in which events occur continuously and independently at a constant average rate. It is a particular case of the gamma distribution.
Binomial distribution In probability theory and statistics, the binomial distribution with parameters n and p is the discrete probability distribution of the number of successes in a sequence of n independent experiments, each asking a yes–no question, and each with its own Boolean-valued outcome: success (with probability p) or failure (with probability q = 1 − p). A single success/failure experiment is also called a Bernoulli trial or Bernoulli experiment, and a sequence of outcomes is called a Bernoulli process; for a single trial, i.e., n = 1, the binomial distribution is a Bernoulli distribution.
Formula One regulations The numerous Formula One regulations, made and enforced by the FIA and later the FISA, have changed dramatically since the first Formula One World Championship in 1950. This article covers the current state of F1 technical and sporting regulations, as well as the history of the technical regulations since 1950.
San Francisco International Airport San Francisco International Airport (IATA: SFO, ICAO: KSFO, FAA LID: SFO) is an international airport in San Mateo County, 13 miles (21 km) south of Downtown San Francisco, California. It has flights to points throughout North America and is a major gateway to Europe, the Middle East, and Asia.
Raising Cane's Chicken Fingers Raising Cane's Chicken Fingers (also called Raising Cane's or Cane's) is an American fast-food restaurant chain specializing in chicken fingers founded in Baton Rouge, Louisiana by Todd Graves and Craig Silvey in 1996.\n\n\n== History ==\n\n\n=== Early years ===\nFounders Todd Graves and Craig Silvey were both enrolled in a business plan writing course while studying at different universities.
Colossal Cave Adventure Colossal Cave Adventure (also known as Adventure or ADVENT) is a text-based adventure game, released in 1976 by developer Will Crowther for the PDP-10 mainframe computer. It was expanded upon in 1977 by Don Woods.
Risk Factors
PEPSIAMERICAS INC/IL/ Item 1A Risk Factors 13 Item 1A Risk Factors
The following are certain risk factors that could affect our business, financial condition, operating results and cash flows
These risk factors should be considered in connection with evaluating the forward-looking statements contained in this Annual Report on Form 10-K because these risk factors could cause our actual results to differ materially from those expressed in any forward-looking statement
The risks we have highlighted below are not the only ones we face
If any of these events actually occur, our business, financial condition, operating results or cash flows could be negatively affected
We caution you to keep in mind these risk factors and to refrain from attributing undue certainty to any forward-looking statements, which speak only as of the date of this report
Our operating results may fluctuate based on changes in marketplace conditions, especially customer and competitor consolidation, changes in customer preferences, including our customers &apos shift from carbonated soft drinks to non-carbonated beverages, and unfavorable weather conditions in the territories in which we operate
We face intense competition and are impacted by both customer and competitor consolidation
Our response to marketplace competition and retailer consolidations may result in lower than expected net pricing of our products
Our efforts to improve pricing may result in lower than expected volumes
Changes in net pricing and volume could have an adverse effect on our business, results of operations and financial condition
13 _________________________________________________________________ Health and wellness trends have decreased demand for sugared carbonated soft drinks
In response to changes in consumers &apos preferences, we have increased our emphasis on volume in non-carbonated beverages, including Aquafina, Tropicana juice drinks, Lipton Iced Tea, energy drinks, and diet carbonated beverages
Our business could be adversely impacted by our inability to offset the decline in sales of sugared carbonated soft drinks with sales of diet soft drinks and non-carbonated beverages
In addition, our business could be adversely affected by customer trends, such as consumer health concerns about obesity, product attributes and ingredients
Additionally, our business is highly seasonal and unfavorable weather conditions in our markets may impact sales volume
Sales volumes in our Central Europe operations tend to be more sensitive to weather conditions than our US and Caribbean operations
An increase in the price of raw materials or a decrease in the availability of raw materials, including aluminum, resin, sweeteners and fuel, could adversely affect our financial condition
Unanticipated increases in ingredients, packaging materials and other raw material costs could adversely impact our earnings and financial condition if we are unable to pass along these higher costs to our customers
The inability of suppliers to deliver concentrate, raw materials, other ingredients and products to us could also adversely affect operating results
Energy prices, including the price of natural gas, gasoline and diesel fuel, are cost drivers for our business
Sustained high energy or commodity prices could negatively impact our operating results and demand for our products
The successful operation of our business depends upon our relationship with PepsiCo
We operate under various bottling agreements with PepsiCo that allow us to manufacture, package, distribute and sell carbonated and non-carbonated beverages
Our inability to comply with the terms and conditions established in these agreements could result in termination of bottling agreements which would have a material adverse impact on our short-term and long-term business
Bottler incentives cover a variety of initiatives to support volume and market share growth
The level of support is negotiated regularly and can be increased or decreased at the discretion of PepsiCo
PepsiCo is under no obligation to continue past levels of support in the future
Material changes in expected levels of bottler incentive payments and other support arrangements could adversely affect future results of operations
PepsiCo provides procurement services for certain raw materials which result in rebates from vendors as a result of procurement volume
Cost of goods sold may be negatively impacted if we are unable to maintain targeted volume levels to secure such anticipated rebates or if PepsiCo no longer provides this service on our behalf
A negative change in our credit rating or the availability of capital could impact borrowing costs and financial results
We depend, in part, upon the issuance of unsecured debt to fund our operations and contractual commitments
A number of factors could cause us to incur increased borrowing costs and to have greater difficulty accessing public and private markets for unsecured debt
These factors include the global capital market environment and outlook, our financial performance and outlook, and our credit ratings as determined primarily by rating agencies
It is possible that our other sources of funds, including available cash, bank facilities and cash flow from operations, may not provide adequate liquidity to fund our operations and contractual commitments
The cost to remediate environmental concerns associated with previously owned subsidiaries could be materially different than our estimates
We are subject to federal and state requirements for protection of the environment, including those for the remediation of contaminated sites related to previously owned subsidiaries
We routinely assess our environmental exposure, including obligations and commitments for remediation of contaminated sites and assessments of ranges and probabilities of recoveries from other responsible parties, including insurance providers
Due to the regulatory complexities and risk of unidentified contaminants on our former properties, the potential exists for remediation costs to be materially different from the costs we have estimated
We cannot predict the outcome of legal proceedings and an adverse determination could negatively impact our financial results
The nature of operations of previously owned subsidiaries exposes us to the potential for various claims and litigation related to, among other things, personal injury and asbestos product liability claims
The nature of assets we currently 14 _________________________________________________________________ own and operate exposes us to the potential for various claims and litigation related to, among other things, personal injury and property damage
The resolution of outstanding claims and assessments may be materially different than what we have estimated
Increases in the cost of compliance with applicable regulations, including those governing the production, packaging, quality, labeling and distribution of beverage products, could negatively impact our financial results
Our operations and properties are subject to various federal, state and local laws and regulations, including those governing the production, packaging, quality, labeling and distribution of beverage products
We are also subject to the jurisdiction of regulatory agencies of foreign countries
New laws or regulations or changes in existing laws or regulations could negatively impact our financial results through higher operating costs to achieve compliance
A strike or work stoppage by our union employees, which represent approximately one-third of our workforce, could disrupt our business
Approximately 35 percent of our employees are covered by collective bargaining agreements
These agreements expire at various dates, including some in fiscal year 2006
Our inability to successfully renegotiate these agreements could cause work stoppages and interruptions, which may adversely impact our operating results
Because our international operations are conducted under multiple local currencies, our operating results experience foreign currency fluctuations
Our non-US operations are exposed to foreign exchange rate fluctuations as the financial results of certain locations are translated from the local currency into US dollars upon consolidation
As exchange rates vary, revenue and other operating results, when translated, may differ materially from expectations
Changes in tax laws or in the tax status of our international operations could increase our tax liability and negatively impact our financial results
We are subject to taxes in the US and various foreign jurisdictions
As a result, our effective tax rate could be adversely affected by changes in the mix of earnings in the US and foreign countries with differing statutory tax rates, legislative changes impacting statutory tax rates, including the impact on recorded deferred tax assets and liabilities, changes in tax laws or material audit assessments
In addition, deferred tax balances reflect the benefit of net operating loss carryforwards, the realization of which will depend upon generating future taxable income
A change in the financial stability of our third-party distributors in Central Europe could disrupt our international business
In addition to our direct-to-store delivery system, we also utilize an alternative sales and distribution strategy in which we use third-party distributors in certain locations to reduce delivery costs and expand our points of distribution
Adverse changes to the financial condition of third-party distributors may inhibit our ability to distribute products and negatively impact volume and operating results