[Recommended]Homework Help- BTE302 CMR302 Test: What are the five accounting classifications?

Homework Help- BTE302 CMR302 Test: What are the five accounting classifications? BTE302 CMR302 TestAnswer the Following What are the five accounting classifications?   What accounting…

Homework Help- BTE302 CMR302 Test: What are the five accounting classifications?
BTE302 CMR302 TestAnswer the Following

What are the five accounting classifications?

 

What accounting classifications are displayed on the Income Statement?

 

Give two examples of a Current Asset

 

What type of an asset is the account Patent?

 

What is the definition of a current asset?

 

Classify the account Mortgage Payable

 

How do you calculate Gross Profit

 

How do you calculateOperating Income?

 

List an example of a non-operating expense.

 

What classification is the account Common Stock?

 
CircletheCorrectAnswer.SHOWYOURWORKWhereRequired

Gilbert,hadthefollowingaccountbalancesatSeptember30,2010.WhatisGilbert’snetincomeforthemonthofSeptember?

Inventory                                                                10,000
Cash                                                                        14,300
Equipment                                                              15,400
FeesEarned                                                             54,400
MiscellaneousExpense                                           18,200
RentExpense                                                              2,000
RetainedEarnings      6,550
WagesExpense                                                        13,900

$32,450
$10,300 SHOW YOUR WORK
$20,300
$18,150
Sales = $12,000, Cost of Sales = $4,000, Operating Expenses = $ 1,000, Other Expenses = $ 2,000. What is the Gross Profit?

___________________________                        SHOW YOUR WORK

NBCCompanyhad$32,000innetsales,$15,000incostofmerchandisesold,$14,000inoperatingexpenses,and$2,000inotherincome.WhatisNBCCompany’soperating profit?
$17,000
$3,000 SHOW YOUR WORK
$1,000
($1, 000)
IncomethatCANNOTbetraced directlytooperationsareidentified as

 

On the Statement of Cash Flows, where is the purchase of property, plant and equipment recorded?

____________________________
 

On the Statement of Cash Flows, where are dividends recorded?

 
_____________________________
 

Assets = $ 13,000 Equity = $ 6,000 Liabilities = __________________

 

Liabilities = 4,000 Assets = $ 8,000 Equity = __________________

The Economy(Fill-In)

Whichindicatoristhebestindicatorofwholesale inflation?
Whichindicatormeasures unemployment and employee hourly wages?
Whichindicator isaleadingindicatorof economic growth
Whatcananincreaseininventoriesmean?
Whicheconomictheorybelievesthatthegovernmentshouldnot intervene duringa fiscalcrisis?

 
Domino’s Pizza (Fill-In)
Use the Domino’s Pizza Statement of Cash Flows listed below to answer the following questions.
Omit trailing zeros when entering data. Use brackets ( ) to indicate cash used in the statement.

2012 Cash Flow from Operations
2014 Cash Flow from Investing
2014 Cash Flow from Financing
What was the primary Operating activity and the amount for 2013?
What was the primary Financing activity and the amount for2012?
The company did not borrow funds in 2013 T          F
The company paid dividends in 2012 T          F
The company had a positive cash flow from Financing in 2013: T          F
What was the highest amount borrowed over the three year period?

Domino’s Pizza, Inc. (DPZ)
110.77 1.05(0.94%)

Period Ending
Dec 28, 2014
Dec 29, 2013
Dec 30, 2012

Net Income
162,587
142,985
112,392

Operating Activities,Cash Flows Provided By or Used In

Depreciation
41,534
31,677
37,767

Adjustments To Net Income
(11,805)
7,654
6,065

Changes In Accounts Receivables
(12,710)
(11,001)
(6,917)

Changes In Liabilities
24,560
22,716
27,716

Changes In Inventories
(11,627)
(242)
(703)

Changes In Other Operating Activities


Total Cash Flow From Operating Activities
192,339
193,989
176,320

Investing Activities,Cash Flows Provided By or Used In

Capital Expenditures
(70,093)
(40,387)
(29,267)

Investments


Other Cash flows from Investing Activities
12,650
(59,346)
36,615

Total Cash Flows From Investing Activities
(57,443)
(99,733)
7,348

Financing Activities,Cash Flows Provided By or Used In

Dividends Paid
(52,643)
(34,241)
(185,464)

Sale Purchase of Stock
(73,379)
(87,681)
(79,293)

Net Borrowings
(12,332)
(24,349)
109,491

Other Cash Flows from Financing Activities
19,656
11,467
10,375

Total Cash Flows From Financing Activities
(118,898)
(134,804)
(177,449)

Effect Of Exchange Rate Changes
474
118
(1,698)

Change In Cash and Cash Equivalents
16,472
(40,430)
4,521

 
 
 
 
Using the financial statements listed below, complete the following:
Omit trailing zeros when entering data.
 

Total Revenue for 2015                                 _______________________

 

Net Income (Loss) for 2016 _______________________

 

Current Assets for 2017                 _______________________

 

Total Liabilities for 2017                                                                                _______________________

 

Cash Flow from Operations 2016 _______________________

 

Stockholder’s Equity for 2015 _______________________

 

Inventory for 2016 _______________________

 

Primary Financing Activity (Stmt of Cash Flows) for 2016                 _______________________

 

Net Income from Continuing Operations for 2015 _______________________

 

Accounts Payable for 2015 _______________________

 

Total Assets for 2016 _______________________

 

Cash flow from Investing 2015 _______________________

 

Cost of Revenue 2016                                                                                 _______________________

 

Gross Profit 2015 _______________________

 

Retained Earnings 2016 _______________________

 

Primary Operating Activity (Stmt of Cash Flows) for 2016 _______________________

 

Selling, General and Administrative Expenses for 2015 _______________________

 

Income Tax Expense 2016                                                                                 _______________________

 
 
 
 
 

Income Statement

All numbers in thousands

Revenue
‎12‎/‎31‎/‎2017
‎12‎/‎31‎/‎2016
‎12‎/‎31‎/‎2015

Total Revenue
40,653,000
27,638,000
17,928,000

Cost of Revenue
5,454,000
3,789,000
2,867,000

Gross Profit
35,199,000
23,849,000
15,061,000

Operating Expenses

Research Development
7,754,000
5,919,000
4,816,000

Selling General and Administrative
7,242,000
5,503,000
4,020,000

Operating Income or Loss
20,203,000
12,427,000
6,225,000

Income from Continuing Operations

Earnings Before Interest and Taxes
20,594,000
12,518,000
6,194,000

Income Before Tax
20,594,000
12,518,000
6,194,000

Income Tax Expense
4,660,000
2,301,000
2,506,000

Net Income From Continuing Ops
15,920,000
10,188,000
3,669,000

Net Income
15,920,000
10,188,000
3,669,000

 
 

Balance Sheet

 

All numbers in thousands

 

Period Ending
‎12‎/‎31‎/‎2017
‎12‎/‎31‎/‎2016
‎12‎/‎31‎/‎2015
 

Current Assets
 

Cash And Cash Equivalents
8,079,000
8,903,000
4,907,000
 

Short Term Investments
33,632,000
20,546,000
13,527,000
 

Net Receivables
5,832,000
3,993,000
2,559,000
 

Inventory



 

Other Current Assets
1,020,000
959,000
659,000
 

Total Current Assets
48,563,000
34,401,000
21,652,000
 

Long Term Investments



 

Property Plant and Equipment
13,721,000
8,591,000
5,687,000
 

Goodwill
18,221,000
18,122,000
18,026,000
 

Intangible Assets
1,884,000
2,535,000
3,246,000
 

Accumulated Amortization


Other Assets
2,135,000
1,312,000
796,000
 

Deferred Long Term Asset Charges



 

Total Assets
84,524,000
64,961,000
49,407,000
 

Current Liabilities
 

Accounts Payable
3,272,000
2,505,000
1,645,000
 

Short/Current Long Term Debt
390,000
280,000
224,000
 

Other Current Liabilities
98,000
90,000
56,000
 

Total Current Liabilities
3,760,000
2,875,000
1,925,000

Long Term Debt


107,000
 

Other Liabilities
6,417,000
2,892,000
3,157,000
 

Deferred Long Term Liability Charges



 

Minority Interest



 

Negative Goodwill



 

Total Liabilities
10,177,000
5,767,000
5,189,000
 

Stockholders’ Equity
 

Misc. Stocks Options Warrants



 

Redeemable Preferred Stock



 

Preferred Stock



 

Common Stock



 

Retained Earnings
33,990,000
21,670,000
9,787,000
 

Treasury Stock



 

Capital Surplus
40,584,000
38,227,000
34,886,000
 

Other Stockholder Equity
-227,000
-703,000
-455,000
 

Total Stockholder Equity
74,347,000
59,194,000
44,218,000
 

 
 
 

Cash Flow

All numbers in thousands

Period Ending
‎12‎/‎31‎/‎2017
‎12‎/‎31‎/‎2016
‎12‎/‎31‎/‎2015

Net Income
15,920,000
10,188,000
3,669,000

Operating Activities, Cash Flows Provided By or Used In

Depreciation
3,025,000
2,342,000
1,945,000

Adjustments To Net Income
3,370,000
2,791,000
3,903,000

Changes In Accounts Receivables
-1,609,000
-1,489,000
-973,000

Changes In Liabilities
3,534,000
2,392,000
1,904,000

Changes In Inventories


Changes In Other Operating Activities
-38,000
-145,000
-147,000

Total Cash Flow From Operating Activities
24,216,000
16,108,000
10,320,000

Investing Activities, Cash Flows Provided By or Used In

Capital Expenditures
-6,733,000
-4,491,000
-2,523,000

Investments
-13,250,000
-7,186,000
-6,700,000

Other Cash flows from Investing Activities
-55,000
-62,000
-211,000

Total Cash Flows From Investing Activities
-20,038,000
-11,739,000
-9,434,000

Financing Activities, Cash Flows Provided By or Used In

Dividends Paid


Sale Purchase of Stock
-1,976,000
-1,976,000
-1,976,000

Net Borrowings

-312,000
-119,000

Other Cash Flows from Financing Activities
-3,259,000
2,000
-20,000

Total Cash Flows From Financing Activities
-5,235,000
-310,000
-139,000

Effect Of Exchange Rate Changes
233,000
-63,000
-155,000

Change In Cash and Cash Equivalents
-824,000
3,996,000
592,000

 
 
 

Income Statement

All numbers in thousands

Revenue
‎12‎/‎31‎/‎2017
‎12‎/‎31‎/‎2016
‎12‎/‎31‎/‎2015

Total Revenue
40,653,000
27,638,000
17,928,000

Cost of Revenue
5,454,000
3,789,000
2,867,000

Gross Profit
35,199,000
23,849,000
15,061,000

Operating Expenses

Research Development
7,754,000
5,919,000
4,816,000

Selling General and Administrative
7,242,000
5,503,000
4,020,000

Non Recurring


Others


Total Operating Expenses


Operating Income or Loss
20,203,000
12,427,000
6,225,000

Income from Continuing Operations

Total Other Income/Expenses Net


Earnings Before Interest and Taxes
20,594,000
12,518,000
6,194,000

Interest Expense


Income Before Tax
20,594,000
12,518,000
6,194,000

Income Tax Expense
4,660,000
2,301,000
2,506,000

Minority Interest


Net Income From Continuing Ops
15,920,000
10,188,000
3,669,000

Non-recurring Events

Discontinued Operations


Extraordinary Items


Effect Of Accounting Changes


Other Items


Net Income

Net Income
15,920,000
10,188,000
3,669,000

 
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