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APA
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Accounting, Finance, SPSS
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Recent Form 10-K Filing of the New York Times Company

Essay Instructions:

According the recent Form 10-K filing of The New York Time Company, answer the following questions in written paper format NOT Q&A or bullets, written format, and do not simply copy & paste source work.
Answer the following questions:
§ Identify the company's mission.
§ What is the company’s industry?
§ What are its primary products (its primary source of revenue)? Identify subsidiaries as well.
§ What raw materials does the company use?
§ How large is the company (types of assets, where located. Share the details for sales and emloyees too, where are the most located and what makes up sales?)
§ Sales (identify the locations with highest and lowest revenues, etc.)
§ assets (where are most housed?)
§ number of employees (where are they located?)
§ Where is the company located? Main office and other locations.
§ What other people/companies are closely associated with this company? Please identify all of the subsidiaries and officers.· Examine the Form 10-K Sections Item 1 and 1A:
What specific information is included in your company’s Item 1 and Item 1A of the Form 10-K?
How might that information be useful to the audit during audit planning?
For the items 1 & 1a, what specifically was shared in your client’s 10k? Not generically what that section should cover what does your client’s item 1 share? What specific risks are discussed and what will that mean for your audit planning and audit steps?

Essay Sample Content Preview:

Recent Form 10-K Filing of the New York Times Company
Author's Name
The Institutional Affiliation
Course Number and Name
Instructor Name
Assignment Due Date
Recent Form 10-K Filing of the New York Times Company
1. New York Times Company Mission
Company mission statement: "We seek the truth and help people understand the world" (NYTCO 2021).
2. New York Times Company Industry
New York Times Company (NYTCO) operates in the industry of mass media industry. NYTCO is a global media organization that develops and distributes high-quality newspapers and information across the globe (Annual Report, 2020, p. 1). NYTCO's efforts contribute to make it a reliable and trustworthy brand for readers across different platforms. Brand success in the mass media industry is observable because it received more than 130 Pulitzer prizes in its life until now (Annual Report, 2020, p. 1).
3. Primary Company Products (Primary Source of Revenue) and Subsidiaries
The company's primary new product is known as The New York Times – available on different platforms, including the website, mobile application, newspaper, and podcasts (Annual Report, 2020, p. 1). Other interest-specific products include games, cooking and Audm, and Wirecutter – an online review and recommendation product. Additionally, other sources of revenues include licensing, brand content studio, company arranged live events, and printing operations (Annual Report, 2020, p. 1).
4. Raw Materials Used by the Company
North American and European manufacturers provide important raw materials like newsprint and coated paper (Annual Report, 2020, p.5). The most important supplier for the newspaper paper is Resolute FP US Inc. – a subsidiary organization of Resolute Forest Products Incorporation (Annual Report, 2020, p. 5).
5. Size of the New York Times Company in Terms of Assets
The total worth of the NYTCO assets is $2,307,689,000 in 2020 (Annual Report, 2020, p. 25). Among assets, the total value of the property, plant, and equipment (PPE) is $1,480,665,000, excluding the accumulated depreciation and amortization of $886,149,000 (Annual Report, 2020, p. 25). Among the PPE, most important assets are equipment with the book value of $470,505,000, building equipment and improvements of $722,122,000, software of $173,046,000 land of $105,710,000 and assets in progress of $9,282,000 (Annual Report, 2020, p. 61).
5.1. Important Products and Services as Percentage of Revenues
The two sources of revenue for the NYTCO are subscriptions and advertisements. There are about 7.5 million subscribers to the products of the NYTCO – including all the digital and print products that consist of news products, games, cooking, and Audm products (Annual Report, 2020, p. 1). The subscriptions model is a success for the NYTCO because customers are willing to pay high for high-quality journalism. There is a rise of 52% in digital paid subscriptions from 2019 to 2020, and most importantly, digital-news subscriptions of global customers have risen by 18% in 2020 (Annual Report, 2020, p. 2).
6. Locations with Highest and Lowest Revenues
Global and US customers represent unique statistics. The website NYTimes.com internal data shows unique visitors ...
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