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

BTE302 CMR302 TestAnswer the Following

  1. What are the five accounting classifications?

 

  1. What accounting classifications are displayed on the Income Statement?

 

  1. Give two examples of a Current Asset

 

  1. What type of an asset is the account Patent?

 

  1. What is the definition of a current asset?

 

  1. Classify the account Mortgage Payable

 

  1. How do you calculate Gross Profit

 

  1. How do you calculateOperating Income?

 

  1. List an example of a non-operating expense.

 

  1. What classification is the account Common Stock?

 

CircletheCorrectAnswer.SHOWYOURWORKWhereRequired

  1. 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

  1. $32,450
  2. $10,300 SHOW YOUR WORK
  3. $20,300
  4. $18,150
  5. Sales = $12,000, Cost of Sales = $4,000, Operating Expenses = $ 1,000, Other Expenses = $ 2,000. What is the Gross Profit?

___________________________                        SHOW YOUR WORK

  1. NBCCompanyhad$32,000innetsales,$15,000incostofmerchandisesold,$14,000inoperatingexpenses,and$2,000inotherincome.WhatisNBCCompany’soperating profit?
  2. $17,000
  3. $3,000 SHOW YOUR WORK
  4. $1,000
  5. ($1, 000)
  6. IncomethatCANNOTbetraced directlytooperationsareidentified as

 

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

____________________________

 

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

 

_____________________________

 

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

 

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

The Economy(Fill-In)

  1. Whichindicatoristhebestindicatorofwholesale inflation?
  2. Whichindicatormeasures unemployment and employee hourly wages?
  3. Whichindicator isaleadingindicatorof economic growth
  4. Whatcananincreaseininventoriesmean?
  5. 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.

  1. 2012 Cash Flow from Operations
  2. 2014 Cash Flow from Investing
  3. 2014 Cash Flow from Financing
  4. What was the primary Operating activity and the amount for 2013?
  5. What was the primary Financing activity and the amount for2012?
  6. The company did not borrow funds in 2013 T          F
  7. The company paid dividends in 2012 T          F
  8. The company had a positive cash flow from Financing in 2013: T          F
  9. 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.

 

  1. Total Revenue for 2015                                 _______________________

 

  1. Net Income (Loss) for 2016 _______________________

 

  1. Current Assets for 2017                 _______________________

 

  1. Total Liabilities for 2017                                                                                _______________________

 

  1. Cash Flow from Operations 2016 _______________________

 

  1. Stockholder’s Equity for 2015 _______________________

 

  1. Inventory for 2016 _______________________

 

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

 

  1. Net Income from Continuing Operations for 2015 _______________________

 

  1. Accounts Payable for 2015 _______________________

 

  1. Total Assets for 2016 _______________________

 

  1. Cash flow from Investing 2015 _______________________

 

  1. Cost of Revenue 2016                                                                                 _______________________

 

  1. Gross Profit 2015 _______________________

 

  1. Retained Earnings 2016 _______________________

 

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

 

  1. Selling, General and Administrative Expenses for 2015 _______________________

 

  1. 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

 

Latest completed orders:

Completed Orders
# Title Academic Level Subject Area # of Pages Paper Urgency