ACCT 370 Discussion Board Forum 2 Instructions Thread: During Module/Week 6 of the course, each student will be required to prepare projected financial statements for his/her company in Excel Project...

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This is a Discussion Board Forum research Assignment see attached for requirements. The company used for this Discussion Board is Advance Auto Parts (AAP is the Ticker Symbol).


ACCT 370 Discussion Board Forum 2 Instructions Thread: During Module/Week 6 of the course, each student will be required to prepare projected financial statements for his/her company in Excel Project 3. As part of the process of preparing projected financial statements, students must consider certain factors that will influence the company’s future success. Such factors include the company’s past history, the company’s plans for future growth, customer demand, governmental regulation, taxation, economic factors, and more. Prepare a 350 word Discussion Board post that summarizes the factors that are expected to impact the company’s financial position in the next three years. The factors identified should be supported by citations from reputable sources. Avoid making opinionated statements. Instead, utilize research to make informed conclusions regarding the company’s future. Your post should be posted directly into the Discussion Board, and should be in APA format related to headings, citations, and reference list. Your post should be supported by at least four references, taken from reputable sources such as professional, scholarly, or trade publications, or the textbook. This assignment is due by 11:59 p.m. (ET) on Monday of Module/Week 5. Replies: Prepare replies of at least 150 words in response to two of your group members’ original threads. The replies should be in APA format related to headings, citations, and reference list. Your replies should be supported by references to at least 2 sources, which may include professional, scholarly, or trade publications, or the course textbook or Bible. This assignment is due by 11:59pm (ET) on Monday of Module/Week 6.
Answered Same DayFeb 18, 2021

Answer To: ACCT 370 Discussion Board Forum 2 Instructions Thread: During Module/Week 6 of the course, each...

Himanshu answered on Feb 19 2021
130 Votes
Running Head: ANALYSIS OF ADVANCE AUTO PARTS 2
ANALYSIS OF ADVANCE AUTO PARTS 2
Table of Con
tents
Level 1 Future projection of Advance Auto parts (AAP)    3
Level 2 Industry Outlook    3
Level 3 Futuristic Opportunity    4
References    6
Analysis of Advance Auto Parts
    
Analysis of Advance Auto Parts
Level 1 Future projection of Advance Auto parts (AAP)
Advance Auto Parts Inc. (AAP) is an American automobile aftermarket component dealer. Headquartered in Raleigh, North Carolina, it represents both experienced installers and do it yourself clients. Over 2020, the company's net revenue grew by 4.1 per cent to $10.1 billion, while retail sales increased by 2.4 per cent, primarily due to operating profits, which increased by 10.7 per cent to $749.9 million, despite the marginal effect of Covid-19. The organisation has seen the fastest market growth in the Midwest, Central and West areas. Given the expectation that the economy is starting to witness evidence of stability and progress is ongoing with COVID-19 vaccines, the organisation is hopeful that the trend will proceed in 2021 (Jeff Shepherd, 2021)
Company believes that they will continue to make improvements on the different aspects of the tactical company plan which seeks to improve client experience and ensure coherent execution for both professional and self-employed customers. To accomplish these enhancements, the corporation has initiated planned structural measures to further create a base for long-term future growth across the enterprise, which mainly include development of a demand-based assortment, leveraging purchase and search history from common catalog. These business interventions would have a preventive effect on the expected performance of the company (Advance Auto Parts, 2021)
Level 2 Industry Outlook
The U.S. aftermarket auto parts market amounted to $290 billion in 2021. Expected acceleration in sales in the...
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