The two retail companies picked are Walmart and Costco whose 2017 Financial statement links are provided below: WALMART https://www.nasdaq.com/symbol/ wmt/financials?query=income- statement COSTCO https://www.nasdaq.com/symbol/ cost/financials?query=income- statement Both organizations are well known brands and position themselves well with their customer base. Walmart’s value proposition is “We save people money so they can live better”. On the other hand, Costco’s value proposition is “All-in-one convenience and everyday affordability”. Both retailers focus on cost saving for their customers. Looking at their financial statements and by analyzing them a few key areas are evident when comparing the two organization. Looking at the current ratio and quick ratio we can determine the short-term solvency of each organization. The current ratio can be determined by dividing the assets by the liabilities. Walmart’s current ratio sits at 0.86 while Costco’s sits at 0.99. The quick ratio is c
This is an imaginary disastrous situation with credit card. But there are things to be learnt::
SCENE 1.
People sure stay busy trying to cheat us, don't they?
A friend went to the local gym and placed his belongings in
the locker. After the workout and a shower, he came out, saw the locker open, and thought to himself, 'Funny, I thought I locked the locker.
Hmm, 'He dressed and just flipped the wallet to make sure all was in order.
Everything looked okay - all cards were in place..
A few weeks later his credit card bill came - a whooping
bill of Rs.7,00,000!
He called the credit card company and started yelling at
them, saying that he did not make the transactions.
Customer care personnel verified that there was no Mistake in the system and asked if his card had been stolen. ?
'No,' he said, but then took out his wallet, pulled
out the credit card, and yep - you guessed it - a switch had been made. ?
An expired similar credit card from the same bank was in
the wallet.
The thief broke into his locker at the gym and switched
cards.
Verdict: The credit card issuer said since he did not
report the card missing earlier, he would have to pay the
amount owed to them.
How much did he have to pay for items he did not buy?
7,00,000! Why were there no calls made to verify the amount swiped? Small amounts rarely trigger a 'warning bell' with some credit card companies. It just so happens that all the small amounts added up to big one!
SCENE 2.
A man at a local restaurant paid for his meal with his
credit card. The bill for the meal came, he signed it,and the waitress folded the receipt and passed the credit card along. Usually, he would just take it and place it in his wallet or pocket. Funny enough, though, he actually took a look at the card and, lo and behold, it was the expired card of another person.
He called the waitress and she looked perplexed.
She took it back, apologized, and hurried back to the
counter under the watchful eye of the man.
All the waitress did while walking to the counter was wave
the wrong expired card to the counter cashier, and the
counter cashier immediately looked down and took out the
real card.
No exchange of words --- nothing! She took it and came back to the man with an apology.
Verdict: Make sure the credit cards in your wallet are
yours. Check the name on the card every time you sign for
something and/or the card is taken away for even a short
period of time.
Many people just take back the credit card without even
looking at it, 'assuming' that it has to be theirs..
FOR YOUR OWN SAKE, DEVELOP THE HABIT OF CHECKING YOUR CREDIT CARD EACH TIME IT IS RETURNED TO YOU AFTER A TRANSACTION!
SCENE 3:
Yesterday I went into a pizza restaurant to pick up an
order that I had called in. I paid by using my Visa Check Card which, of course, is linked directly to my check ing account. The young man behind the counter took my card, swiped it, then laid it on the counter as he waited for the approval, which is pretty standard procedure.
While he waited, he picked up his cell phone and started
dialing.
I noticed the phone because it is the same model I have,
but nothing seemed out of the ordinary. Then I heard a click that sounded like my phone sounds when I take a picture.
He then gave me back my card but kept the phone in his hand as if he was still pressing buttons.
Meanwhile, I'm thinking: I wonder what he is taking a
picture of, oblivious to what was really going on.
It then dawned on me: the only thing there was my credit
card, so now I'm paying close attention to what he is
doing.
He set his phone on the counter, leaving it open.
About five seconds later, I heard the chime that tells you
that the picture has been saved.
Now I'm standing there struggling with the fact that
this boy just took a picture of my credit card.
Yes, he played it off well, because had we not had the same kind of phone, I probably would never have known what happened.
Needless to say, I immediately canceled that card as I was
walking out of the pizza parlor.
All I am saying is, be aware of your surroundings at all
times.
Whenever you are using your credit card take caution and
don't be careless.
Notice who is standing near you and what they are doing
when you use your card.
Be aware of phones, because many have a camera these days.
FORWARD THIS TO AS MANY PEOPLE AS YOU CAN THINK OF. LET'S GET THE WORD OUT! JUST BE AWARE !
Never let your card out of your sight.....check and check
again!
SCENE 1.
People sure stay busy trying to cheat us, don't they?
A friend went to the local gym and placed his belongings in
the locker. After the workout and a shower, he came out, saw the locker open, and thought to himself, 'Funny, I thought I locked the locker.
Hmm, 'He dressed and just flipped the wallet to make sure all was in order.
Everything looked okay - all cards were in place..
A few weeks later his credit card bill came - a whooping
bill of Rs.7,00,000!
He called the credit card company and started yelling at
them, saying that he did not make the transactions.
Customer care personnel verified that there was no Mistake in the system and asked if his card had been stolen. ?
'No,' he said, but then took out his wallet, pulled
out the credit card, and yep - you guessed it - a switch had been made. ?
An expired similar credit card from the same bank was in
the wallet.
The thief broke into his locker at the gym and switched
cards.
Verdict: The credit card issuer said since he did not
report the card missing earlier, he would have to pay the
amount owed to them.
How much did he have to pay for items he did not buy?
7,00,000! Why were there no calls made to verify the amount swiped? Small amounts rarely trigger a 'warning bell' with some credit card companies. It just so happens that all the small amounts added up to big one!
SCENE 2.
A man at a local restaurant paid for his meal with his
credit card. The bill for the meal came, he signed it,and the waitress folded the receipt and passed the credit card along. Usually, he would just take it and place it in his wallet or pocket. Funny enough, though, he actually took a look at the card and, lo and behold, it was the expired card of another person.
He called the waitress and she looked perplexed.
She took it back, apologized, and hurried back to the
counter under the watchful eye of the man.
All the waitress did while walking to the counter was wave
the wrong expired card to the counter cashier, and the
counter cashier immediately looked down and took out the
real card.
No exchange of words --- nothing! She took it and came back to the man with an apology.
Verdict: Make sure the credit cards in your wallet are
yours. Check the name on the card every time you sign for
something and/or the card is taken away for even a short
period of time.
Many people just take back the credit card without even
looking at it, 'assuming' that it has to be theirs..
FOR YOUR OWN SAKE, DEVELOP THE HABIT OF CHECKING YOUR CREDIT CARD EACH TIME IT IS RETURNED TO YOU AFTER A TRANSACTION!
SCENE 3:
Yesterday I went into a pizza restaurant to pick up an
order that I had called in. I paid by using my Visa Check Card which, of course, is linked directly to my check ing account. The young man behind the counter took my card, swiped it, then laid it on the counter as he waited for the approval, which is pretty standard procedure.
While he waited, he picked up his cell phone and started
dialing.
I noticed the phone because it is the same model I have,
but nothing seemed out of the ordinary. Then I heard a click that sounded like my phone sounds when I take a picture.
He then gave me back my card but kept the phone in his hand as if he was still pressing buttons.
Meanwhile, I'm thinking: I wonder what he is taking a
picture of, oblivious to what was really going on.
It then dawned on me: the only thing there was my credit
card, so now I'm paying close attention to what he is
doing.
He set his phone on the counter, leaving it open.
About five seconds later, I heard the chime that tells you
that the picture has been saved.
Now I'm standing there struggling with the fact that
this boy just took a picture of my credit card.
Yes, he played it off well, because had we not had the same kind of phone, I probably would never have known what happened.
Needless to say, I immediately canceled that card as I was
walking out of the pizza parlor.
All I am saying is, be aware of your surroundings at all
times.
Whenever you are using your credit card take caution and
don't be careless.
Notice who is standing near you and what they are doing
when you use your card.
Be aware of phones, because many have a camera these days.
FORWARD THIS TO AS MANY PEOPLE AS YOU CAN THINK OF. LET'S GET THE WORD OUT! JUST BE AWARE !
Never let your card out of your sight.....check and check
again!
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