Sunday Educational_IS_WC
xlsx
keyboard_arrow_up
School
York University *
*We aren’t endorsed by this school
Course
3500
Subject
Finance
Date
Apr 3, 2024
Type
xlsx
Pages
8
Uploaded by LieutenantWaterKookabura41
Sonos
Operating Model
All $ in '000s and USD, unless otherwise stated
Fiscal Period
2019
2020
2021
2022
2023
2024
2025
ending
9/28/19
10/3/20
10/2/21
10/1/22
9/30/23
9/29/24
9/28/25
weeks
53.0 52.0 52.0 52.0 52.1 52.0 x
Control
Case Toggle:
Bull
3
Circuit Breaker
No
Company Name:
Sonos
Ticker:
NASDAQ:SONO
Last Price:
32.26
Investment Horiz
2 yrs
Balance Sheet
No
x
Assumptions
x
Income Statement
Revenue Growth
5.2% 29.4% 15.0% 15.0% 15.0% 15.0% Base
11.0% 11.0% 11.0% 11.0% 11% CAGR
Bear
8.0% 8.0% 8.0% 8.0% 8% CAGR
Bull
15.0% 15.0% 15.0% 15.0% 15% CAGR
Gross Margin
41.8% 43.1% 47.2% 47.0% 47.0% 47.0% 47.0% Base
46.0% 46.0% 46.0% 46.0% 46.0%
Bear
44.0% 44.0% 44.0% 44.0% 44.0%
Bull
47.0% 47.0% 47.0% 47.0% 47.0%
R&D
13.6% 16.2% 13.4% 13.5% 13.5% 13.5% 13.5% 13.5%
S&M
19.6% 19.9% 15.9% 18.0% 18.0% 18.0% 18.0% 18.0%
G&A
8.2% 9.1% 8.9% 9.0% 9.0% 9.0% 9.0% 9.0%
SBC
3.7% 4.3% 3.6% 4.0% 4.0% 4.0% 4.0% 4.0%
Tax rate
- - - - x
Working Capital
A/R Days
###
###
###
###
###
###
###
flat line
Inventory Days
###
###
###
###
###
###
###
flat line
Prepaid assets as % of OpEx
3.4%
2.9%
4.8%
4.8%
4.8%
4.8%
4.8%
flat line
A/P Days
###
###
###
###
###
###
###
flat line
Accrued expenses as % of OpEx
13.4%
7.5%
16.5%
16.5%
16.5%
16.5%
16.5%
flat line
Accrued compensation as % of S&M
16.6%
16.9%
28.6%
28.6%
28.6%
28.6%
28.6%
flat line
x
Depreciation Schedule
Beginning PP&E
71,341 86,148 96,365 100,281 ( + ) CapEx / Acquisitions
59,228 68,112 78,329 90,078 ( - ) Depreciation
(44,421)
(57,895)
(74,412)
(90,078)
Ending PP&E
71,341 86,148 96,365 100,281 100,281 CapEx as % of Revenue
1.8% 2.5% 2.7% 3.0% 3.0% 3.0% 3.0% 3.0% Dep. as % of CapEx
156.8% 110.3% 74.4% 75.0% 85.0% 95.0% 100.0% 5.0%, +10%
x
Income Statement
Revenue
###
###
###
###
###
###
###
Cost of revenue
(733,480) (754,372)
(906,750)
###
###
###
###
Gross Profit
527,343 571,956 809,994 927,900 ###
###
###
R&D
(171,174) (214,672)
(230,078) (266,525) (306,503) (352,479) (405,350)
S&M
(247,599) (263,539)
(272,124) (355,366) (408,671) (469,972) (540,467)
G&A
(102,871) (120,978)
(152,828) (177,683) (204,335) (234,986) (270,234)
EBIT
5,699 (27,233) 154,964 128,327 147,576 169,712 195,169 Interest income
4,349 1,998 146 – #DIV/0!
#DIV/0!
#DIV/0!
cuit breaker
Interest expense
(2,499)
(1,487)
(592)
– – – – Other income, net
(8,625)
6,639 2,407 – – – – EBT
(1,076) (20,083) 156,925 128,327 #DIV/0!
#DIV/0!
#DIV/0!
Income Tax Expense/(Benefit)
(3,690)
(32)
1,670 – #DIV/0!
#DIV/0!
#DIV/0!
Net Income
(4,766) (20,115) 158,595 128,327 #DIV/0!
#DIV/0!
#DIV/0!
Per Share Items
Basic EPS
($0.05) ($0.18) $1.30 $1.05 #DIV/0!
#DIV/0!
#DIV/0!
Weighted Avg. Basic Shares Out.
103,783 109,807 122,245 122,245 122,245 122,245 122,245 flat line
Diluted EPS
($0.05) ($0.18) $1.13 $0.91 #DIV/0!
#DIV/0!
#DIV/0!
Weighted Avg. Diluted Shares Out.
103,783 109,807 140,309 140,309 140,309 140,309 140,309 Supplemental Items
EBITDA
42,114 9,193 188,846 ###
###
###
###
Margin
3.3% 0.7% 11.0% 6.5% 6.5% 6.5% 6.5%
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
x
Cash Flow Statement
Net Income
D&A
36,415 36,426 33,882 SBC
46,575 57,610 62,127 Change in:
AR
Inventory
Prepaid assets
AP
Accrued expenses
Accrued compensation
Deferred revenue
Total Cash from Ops.
- - - - CapEx
(23,222)
(33,035)
(45,531)
Total Cash from Investing
- - - - Cash from Financing
- - - Net Change in Cash
- - - - Change in WC
- - - -
x
Balance Sheet
ASSETS
Cash & equiv.
338,641 407,100 640,101 Restricted cash
179 191 - AR
102,743 54,935 100,779 115,896 133,280 153,272 176,263 Inventory
219,784 180,830 185,130 213,633 245,678 282,530 324,909 Prepaid assets and other
17,762 17,321 31,504 38,456 44,224 50,858 58,487 Total CA
679,109 660,377 957,514 367,985 423,183 486,660 559,659 PPE, net
78,139 60,784 71,341 86,148 96,365 100,281 100,281 Operating lease ROU
-
42,342 33,841 Goodwill
-
15,545 15,545 Intangible assets, net
1,018 26,394 24,450 DTA
1,154 1,800 10,028 Other
2,185 8,809 26,085 Total Assets
761,605 816,051 ### 454,133 519,547 586,941 659,940 LIABILITIES
AP
251,941 250,328 214,996 248,097 285,312 328,109 377,325 Accrued expenses
69,856 45,049 108,029 131,867 151,648 174,395 200,554 Accrued compensation
41,142 44,517 77,695 101,462 116,681 134,183 154,311 STD
8,333 6,667 - Deferred revenue, current
13,654 15,304 35,866 41,246 47,433 54,548 62,730 w/ revenue
Other
17,548 31,150 39,544 Total CL
402,474 393,015 476,130 522,672 601,073 691,234 794,919 Operating lease liabilities
-
50,360 33,960 LTD
24,840 18,251 - Deferred revenue
42,795 47,085 53,632 61,677 61,677 61,677 61,677 w/ revenue
DTL
-
2,434 2,394 Other
10,568 7,067 3,646 Total Liabilities
480,677 518,212 569,762 584,349 662,750 752,911 856,596 Common stock
110 114 129 Treasury stock
(13,498)
(20,886)
(50,276)
APIC
502,757 548,993 690,462
Accumulated deficit
(208,377) (228,492)
(69,897)
Accumulated OCL
(64)
(1,890)
(1,376)
Total Equity
280,928 297,839 569,042 - - - - Total Liabilities And Equity
761,605 816,051 ### 584,349 662,750 752,911 856,596 Check
- - - (130,216) (143,203) (165,970) (196,656)
x
x
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Sonos
DCF
All $ in '000s and USD, unless otherwise stated
Fiscal Period
2019
2020
2021
2022
2023
ending
9/28/19
10/3/20
10/2/21
10/1/22
9/30/23
weeks
53.0 52.0 52.0 52.0 x
UFCF Build
Discount period
1.0 2.0 Mid-year Convention
0.50 1.50 EBIT
### 147,576 NOPAT
###
###
Add: D&A
– – Less: Capital Expenditures
– – Less: Change in NWC
– – Unlevered Free Cash Flow
### 147,576 PV Unlevered Free Cash Flow
###
###
x
WACC
Risk-free rate
2.0% Market cap
100.0% MRP
4.9% Debt
- Beta
1.9 D+E
###
Cost of Equity
11.4% Cost of Debt
- Tax rate
- After-tax Cost of Debt
- WACC
11.4%
x
Enterprise Value ($ in millions)
2025 EBITDA
$195,169 NTM EBITDA Multiple
13.0x Terminal Value
###
Implied Perpetuity Growth Rate
3.5% PV Terminal Value
###
% of Enterprise Value
100.0% Enterprise Value
###
Less: Debt
– Less: Minority Interest
– Add: Cash
$640,101 Equity Value
###
Fully Diluted Shares Outstanding
###
Implied Share Price
$22.65 x
2024
2025
9/29/24
52.1 3.0 4.0 2.50 3.50 ###
###
###
###
– – – – – – ###
###
###
###
Related Documents
Related Questions
* Cengage x
Cengage x Cengage X Cengage X MindTap x MindTap x
G module x
S ACC202 x
agenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false
eBook
Nature of Depreciation
Tri-City Ironworks Co. reported $65,500,000 for equipment and $33,415,000 for accumulated depreciation-equipment on its balance sheet.
a. Does this mean that the replacement cost of the equipment is $65,500,000?
b. Does this mean that $33,415,000 is set aside in a special fund for the replacement of the equipment?
Check My Work
Previous
55°F
arrow_forward
Project: Company Accour X
D2L 7-1 Problem Set: Module Sev X
CengageNOWv2| Online tea X
Cengage Learning
J.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3false
eBook
Show Me How
A company reports the following:
Sales
$1,406,700
Average total assets (excluding long-term investments)
781,500
Determine the asset turnover ratio. If required, round your answer to one decimal place.
Check My Work
Divide sales by average total assets (excluding long-term investments).
Check My. Work
( Previous
NE
dy
arrow_forward
Provide any additional journal entries or adjusting journal entries needed to properly record accounts receivable
and allowance for doubtful accounts.
→ BrandMakers maintains a subsidiary ledger for accounts receivable.
→ Note that BrandMakers does not offer sales discounts. Also, BrandMakers does not have one
uniform set of payment terms.
→ Payment terms are specified in the contract.
→ In prior years, BrandMakers utilized the following percentages as estimates of uncollectible
accounts. BrandMakers will use the same percentages in the current year.
Aging Category
Current
1-30 days past due
31-60 days past due
Greater than 60 days past due
Percent Estimated
to be Uncollectible
1%
5%
10%
25%
→ The ledger for the beginning of the year and the end of the year can be found in the attached
picture. Also, this worksheet includes an analysis of what occurred during the current year in the
accounts that were open as of the beginning of the year.
arrow_forward
Courses
Mastering Chernie X
2MateryCheme X
loud/modules/unproctoredTest.QuestionSheet
McCraith-Sectic x
Updte
Help Caroline Achienge S01243611acadceduLogout
all 2021 I Chapter 1 Consumer Finance / Section 1.5 Digital Exercises
Gradebook.
Extemat
kercises
Remaining Time Unimted
Suppose you are paid $3,000 per month and your employer's 401(k) matches your contributions by 10% up to a
maximum of 15% of your pay. Assuming you max-out your retirement savings and you work for 25 years, how
much will the 401(k) be worth when you retire (if you can get an APR of 8% during your work years)? If you are
taxed at a rate of 27%, then how much will you have when you retire?
Round all answers to 2 decimal places.
Before taxes retirement amount $
Number
After taxes retirement amount $
Number
Submit Assignment
Quit & Save
Васк
Question Menu 4
Next
38°F Partly sunny A 0)
411 PM
11/19/202
end
home
delete
prt sc
144
4+
4-
40
num
lock
backspace
&
8.
6.
7.
home
|近
arrow_forward
Neep help with this . Thank you
arrow_forward
2 Project: Company Accour X
DEL 7-1 Problem Set: Module Sev X
CengageNOWv2 | Online tea X
* Cengage Learning
+ x
ow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator3&inprogress=false
|电
eBook
MShow Me How
Vertical Analysis
Income statement information for Einsworth Corporation follows:
000'
101,400
Sales
Cost of goods sold
Gross profit
009 9
Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number.
Einsworth Corporation
Vertical Analysis of the Income Statement,
Amount Percentage
Sales
$338,000
Cost of goods sold
101,400
0.3
Gross profit
Feedback
Check My Work
Divide each element by sales to determine the vertical analysis percentage.
Check My Work
( Previous
3:10 PM
4/11/2022
AD
dy
arrow_forward
pject: Company Accour X
DEL. Project Guidelines and Rubric x
DEL 7-1 Problem Set: Module Sev X
CengageNOWv2 |Online tea x
com/ilm/takeAssignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator3D&inprogress=false
eBook
4Show Me How
Return on Total Assets
A company reports the following income statement and balance sheet information for the current year:
Net income
$224,540
Interest expense
39,620
000'080
Determine the return on total assets. If required, round the answer to one decimal place.
Average total assets
Feedback
Check My Work
Divide the sum of net income and interest expense by average total assets.
Check My Work
( Previous
*AD
dy
arrow_forward
gageNOWv2 | Online teachin x
zakeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator%3&inprogress3false
Equipment with an estimated market value of $29,889 is offered for sale at $48,377. The equipment is acquired for $14,472 in cash and a note payable
of $21,295 due in 30 days. The amount used in the buyer's accounting records to record this acquisition is
Oa. $35,767
Ob. $44,361
Oc. $29,889
Od. $14,472
Next
Previous
3:37 AM
5/9/2022
arrow_forward
Class Specificatio
WileyPLUS
X
myStanState Port
Bb Ch 16 WP - 2019
+
L-
https://edugen.wileyplus.com/edugen/student/mainfr.uni
Kieso, intermeaiate ACCounting, 16e
INTERMED. ACCOUNTING (ACC 31I0/-
Assignment
Gradebook
ORION
Downloadable eTextbook
nt
CALCULATOR
FULL SCREEN
PRINTER VERSION
BACK
NEX
Exercise 16-23
Your answer is partially correct. Try again.
On June 1, 2015, Sage Company and Pronghorn Company merged to form Stellar Inc. A total of 876,000 shares were issued
to complete the merger. The new corporation reports on a calendar-year basis.
On April 1, 2017, the company issued an additional 637,000 shares of stock for cash. All 1,513,000 shares were outstanding
on December 31, 2017.
Stellar Inc. also issued $600,000 of 20-year, 8% convertible bonds at par on July 1, 2017. Each $1,000 bond converts
to 44 shares of common at any interest date. None of the bonds have been converted to date.
Stellar Inc. is preparing its annual report for the fiscal year ending December 31, 2017. The…
arrow_forward
Unauthorized
My Home
CengageNOWv2| Online teachin x
+
->
https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogres.
Chapter 20
еВook
Operating Leverage
Beck Inc. and Bryant Inc. have the following operating data:
Beck Inc.
Bryant Inc.
Sales
$1,250,000
$2,000,000
Variable costs
(750,000)
(1,250,000)
Contribution margin
$500,000
$750,000
Fixed costs
(400,000)
(450,000)
Operating income
$100,000
$300,000
a. Compute the operating leverage for Beck Inc. and Bryant Inc. If required, round to one decimal place.
Beck Inc.
Bryant Inc.
b. How much would operating income increase for each company if the sales of each increased by 20%?
Dollars
Percentage
Beck Inc.
%
Bryant Inc.
%
c. The difference in the increases
of operating income is due to the difference in the operating leverages. Beck Inc.'s higher
operating leverage means that its
fixed costs are a larger
percentage of contribution margin than are Bryant Inc.'s.
Feedback
6:43 PM…
arrow_forward
What is this cost allocation?
arrow_forward
CengageNOWV21 Assignme
e CengageNOW2| Onlin X+
v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator%-D&inprogress%3false
Calculator
Equipment with a cost of $154,708 has an estimated residual value of $9,391 and an estimated life of 4 years or 14,267 hours. It is to be depreciated by
the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used for 3,671 hours?
Oa. $36,329.25
Ob. $37,391.09
Oc. $38,677.00
Od. $37,430.68
Previous
Next
8:22 AM
IN
APA
arrow_forward
File
Tools
View
UTS MK I GSL 20-21 (19.10.20 -13.30) - Word (Product Activation Failed)
W
UTS MK I GSL 20-21 (19.10.20 -13.30) * x
Document2
Problem 1
Balance Shet
Income Statement
PT. MaTaHtari
PT. MATAH+ari
For the year Ended December 31
For the year Ended December 31
2019
2018
ASSET
Sales Revenue
10.000.000.000
Cash
550.000.000
700.000.000
Cost of Good Sold
6.400.000.000
Marketable Securities
500.000.000
300.000.000
Gross Profit
Account Receivable
700.000.000
550.000.000
Inventory
750.000.000
650.000.00D
3.600000.000
Total Currevt Assit
2.500.000.000
2.200.000.000
Operating Expenses
Selling Expenses
200.000.000
Gross Fixed Asset
3.000.000.000
General & Administrative Expenses
150.000.000
4.000.000.000
Less : Accumulated Depreciation
Depreciation Expenses
250.000.000
500.000.000
200.000.000
Nett Fred Assit
Total Operating Expenses
3.500.000.000
2.800.000.000
600.000.000 Operating Profit
TOTAL ASSET
6.000.000.000
5.000.000.000
3.000.000.000 Interest Expenses
JABILITIBS E STOCKHOLDER'S…
arrow_forward
Identity
D Assignments: [Spring 2022] ACC X
O Question 13 - Chapter 2 Homew X
Eto.mheducation.com/ext/map/index.html?_con%3con&external_browser%3D0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fr
2 Homework a
Saved
Exercise 2-29 (Algo) Calculating and Interpreting the debt ratio LO A2
Company
DreamWorks
Pixar
Universal
Expenses
$ 30,000
79, 000
16, 00
Total Assets
$ 60,000
154, 000
76, 000
Net Income
$ 27, 000
39,000
5, 800
Total Liabilities
$ 45, 600
147, 800
21, 000
a. Compute the debt ratio for each of the three companies. (Round your answers to 2 decimal places.)
Company
Debt Ratio
DreamWorks
Pixar
Universal
b. Which company has the most financial leverage?
Largest financial leverage
13 of 15
Next >
< Prev
arrow_forward
Home
Insert
Page Layout
Formulas
Data
Review
View
Help
- 10 - A A
Insert v
Σ
Arial
ab
General
EXDelete v
BIU
$- % 9 0 0
Conditional Format as
Cell
Sort &
Formatting
Table -
Styles v
Format v
Filter
oard
Font
Alignment
Number
Styles
Cells
Editing
fr
C D
H.
The following amounts summarize the financial position of Little Black Dog Inc. on May 31, 2021:
В
F
G
IJK L
M
N
O P
Q
R
S
V
W
Assets
Liabilities
Shareholders' Equity
%D
Cash +
Accounts
Computers
+
+ Supplies + Land
Accounts
+
Note
Salaries
+
Interest
Common
+
Retained
Receivable
(net)
Payable
Payable
Payable
Payable
Shares
Earnings
Balance 1820
700
70
8400
5600
2800
2590
During June 2021, the business completed these transactions:
June 1: Received cash of $6300 and issued common shares.
June 1: Bought two computers for a total of $5600 by paying $1400 down and signing a note payable for the rest. Interest of 5% to be paid with the
note payable on June 1, 2022. The computers are expected to last 5 years.
June 5: Performed services for…
arrow_forward
7-2 Project: Company Accour x
121. Project Guidelines and Rubric x
121. 7-1 Problem Set: Module Sev X
CengageNOWv2 | Online tea
now.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator3D&inprogress3false
eBook
Show Me How
Return on Total Assets
A company reports the following income statement and balance sheet information for the current year:
Net income
$224,540
Interest expense
39,620
Average total assets
Determine the return on total assets. If required, round the answer to one decimal place.
1.8
Check My Work
Divide the sum of net income and interest expense by average total assets.
Previa
Check My Work
ADE
dy
arrow_forward
age X
* Cengage X Cengage X
Cengage x MindTar x MindTap X
G module x
S ACC202
com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false
eBook
Show Me How
Journalizing Installment Notes
On the first day of the fiscal year, a company issues $52,000, 11%, five-year installment notes that have annual payments of $14,070. The first note
payment consists of $5,720 of interest and $8,350 of principal repayment.
a. Journalize the entry to record the issuance of the installment notes. If an amount box does not require an entry, leave it blank.
38
b. Journalize the first annual note payment. If an amount box does not require an entry, leave it blank.
Previous
Next
Check My Work
6:34 PM
55°F
11/27/2021
arrow_forward
What is the amount of the total paid-in capital? What makes up this amount?
arrow_forward
uni
403 a
Cha
Pra
(Ch
Preview File Edit View
Go Tools Window Help
mgt120h-j17.pdf
Page 7 of 10
0
CC
Search
b. Company B has current assets of $234,000, total assets of $459,000, and equity of
$100,000. The company wants to reorganize its liabilities so that is current ratio is
2: 1. If it does, what will its noncurrent liabilities be?
S
QSun Apr 16 1:23 PM
arrow_forward
con=con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapp
Given the following:
29 day billing cycle
4/17 Billing date previous balance $1,100
4/27 Payment
4/29 Charge
5/7 Payment
2$
700
2$
300
24
50
The average daily balance is:
Multiple Choice
$910.34
$810.43
None of these
arrow_forward
AutoSave
We FIN333 Final Exam 10.2020
OFF
Design
References
Mailings
Review
View
O Tell me
2 Share
O Comments
Home
Insert
Draw
Layout
v A A°
= E v E E E
Aa v
AaBbCcDdE AaBb AaBbCcDdEe
AaBbCcDdEe
AaBbCcDdEe
AaBbCcDc
AaBbCcDdEe
AaBbCcDdEe
U v ab
A v I v A
= == =
Paste
х, х
Normal
No Spacing
Subtle Emph.
Styles
Pane
В
I
Heading 1
Heading 2
Title
Subtitle
Emphasis
Cash Flows
-69
Risk Free Rate
4.0%
Beta of company's stock
Risk Premium on average
11
2.3
14
stock
5.5%
10
13
16
15
15
11
16
15
10
35
Using the IRR approach to capital budgeting, should
the firm adopt this project?
Hint: you will need to apply the CAPM to estimate the
firm's cost of equity capital.
Please compare the IRR to the cost of capital:
IRR
Cost of Capital (Required Return)
Difference (IRR - Cost of Capital)
#1 What is that difference?
A Between -10.0% and -4.0%
B Between -4.0% and 0.0%
C Between 0.0% and 4.0%
D Between 4.0% and 10.0%
Page 1 of 10
133 of 734 words
DE
English (United States)
O Focus
120%
arrow_forward
A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps%252Fportal%252Fframeset.jsp%253Ftab tab gr
Jill bought a $730 rocking chair. The terms of her revolving charge are 2% on the unpaid balance from the previous month. If she pays
$100 per month, complete a schedule for the first 3 months like Table 14.3. Be sure to use the U.S. Rule. (Round your final answers to
the nearest cent.)
Monthly
Outstanding
Amount of
Outstanding
balance due
2.0% interest
Reduction in
рayment
number
monthly payment
balance due
payment
balance due
acer
3.
arrow_forward
T1o
T12
T18
28
30
T36
TAO
18
16
20
22
24
126
32
34
38
To
2
91
Baab Corporation is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year:
Beginning Balance
Ending Balance
14,000 $
27,000 $
62,000 $
22,000
9,000
77,000
Raw materials
Work in process
24
$
Finished Goods
The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 33,000 machine-hours and incur $231,000 in manufacturing
overhead cost. The following transactions were recorded for the year:
kh
Raw materials were purchased, $315,000.
Raw materials were requisitioned for use in production, $307,000 ($281,000 direct and $26,000 indirect).
The following employee costs were incurred: direct labor, $377,000; indirect labor, $96,000; and administrative salaries, $172,000.
Selling costs, $147,000.
Factory utility costs, $10,000.
Depreciation for…
arrow_forward
ngage X
* Cengag X Cengage X Cengage x MindTap x MindTar x
G module x
S ACC202 x
v.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false
eBook
Show Me How
Capital and Revenue Expenditures
On August 5, GTS Co. paid $3,280 to repair the transmission on one of its delivery vans. In addition, GTS paid $57 to install a GPS system in its van.
Journalize the entries for the transmission. If an amount box does not require an entry, leave it blank.
August 5
Journalize the entry for GPS system expenditures. If an amount box does not require an entry, leave it blank.
88
August 5
Check My Work
Previous
6:34 PM
11/27/2021
55°F
arrow_forward
AutoSave OFF
Home Insert
X
Paste
E36
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
A
Ready
D 2 - C
Draw Page Layout
Calibri (Body)
V
11
B
I
U
A.
V
V
B
UDENCRUIVIIVIIL & FRITCITOU.
CONSOLIDATED BALANCE SHEETS
Formulas
V
fx
(In millions, except par value amounts)
ASSETS
CURRENT ASSETS:
Cash and Equivalents
Marketable Securities
Receivables
Inventories
Other Current Assets
TOTAL CURRENT ASSETS
PROPERTY AND EQUIPMENT, NET
OTHER ASSETS
TOTAL ASSETS
CURRENT LIABILITIES:
Accounts Payable
Other Liabilities and Accrued Expenses
Income Taxes Payable
TOTAL CURRENT LIABILITIES
NONCURRENT LIABILITIES:
Long-Term Debt
Other Liabilities
TOTAL NONCURRENT LIABILITIES
STOCKHOLDERS' EQUITY:
Class A Common Stock, $0.01 par value: 150,000
shares authorized and 103,300 shares issued
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock, at Average Cost - 17,662 and
16,054 at December…
arrow_forward
29,30 answer
arrow_forward
3 Question
W Marshal
E OM83600 X
(3) Slow
Awaken P
instructi
ezto mheducation.com/ext/map/index.html?_con%3con&external_browser%3D0&launchUrl=https%253A%252F%252Flms.mhedu
nwk i
Saved
Condensed Balance Sheets
December 31, 2020, 2019, 2018
(in millions)
2020
2019
2818
Current assets
$ 764
$ 981
1, 931
$4
24
$ 843
Other assets
2,424
1,730
$2,573
Total assets
$3,188
$2,912
Current liabilities
$ 588
$ 841
1,034
2$
$ 734
Long-term liabilities
Stockholders' equity
1, 582
1, 018
910
1,037
929
Total liabilities and stockholders' equity
$3,188
$2,912
$2,573
ces
WIPER INC.
Selected Income Statement and Other Data
For the year Ended December 31, 2020 and 2019
(in millions)
2020
2019
Income statement data;
Sales
$3,061
$2,924
Operating income
Interest expense
Net income
Other data:
307
321
95
76
224
219
Average number of common shares outstanding
Total dividends paid
42.4
47.8
$ 61.0
$ 53.4
Prev
1 of 2
Next >
acer
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Related Questions
- * Cengage x Cengage x Cengage X Cengage X MindTap x MindTap x G module x S ACC202 x agenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Nature of Depreciation Tri-City Ironworks Co. reported $65,500,000 for equipment and $33,415,000 for accumulated depreciation-equipment on its balance sheet. a. Does this mean that the replacement cost of the equipment is $65,500,000? b. Does this mean that $33,415,000 is set aside in a special fund for the replacement of the equipment? Check My Work Previous 55°Farrow_forwardProject: Company Accour X D2L 7-1 Problem Set: Module Sev X CengageNOWv2| Online tea X Cengage Learning J.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3false eBook Show Me How A company reports the following: Sales $1,406,700 Average total assets (excluding long-term investments) 781,500 Determine the asset turnover ratio. If required, round your answer to one decimal place. Check My Work Divide sales by average total assets (excluding long-term investments). Check My. Work ( Previous NE dyarrow_forwardProvide any additional journal entries or adjusting journal entries needed to properly record accounts receivable and allowance for doubtful accounts. → BrandMakers maintains a subsidiary ledger for accounts receivable. → Note that BrandMakers does not offer sales discounts. Also, BrandMakers does not have one uniform set of payment terms. → Payment terms are specified in the contract. → In prior years, BrandMakers utilized the following percentages as estimates of uncollectible accounts. BrandMakers will use the same percentages in the current year. Aging Category Current 1-30 days past due 31-60 days past due Greater than 60 days past due Percent Estimated to be Uncollectible 1% 5% 10% 25% → The ledger for the beginning of the year and the end of the year can be found in the attached picture. Also, this worksheet includes an analysis of what occurred during the current year in the accounts that were open as of the beginning of the year.arrow_forward
- Courses Mastering Chernie X 2MateryCheme X loud/modules/unproctoredTest.QuestionSheet McCraith-Sectic x Updte Help Caroline Achienge S01243611acadceduLogout all 2021 I Chapter 1 Consumer Finance / Section 1.5 Digital Exercises Gradebook. Extemat kercises Remaining Time Unimted Suppose you are paid $3,000 per month and your employer's 401(k) matches your contributions by 10% up to a maximum of 15% of your pay. Assuming you max-out your retirement savings and you work for 25 years, how much will the 401(k) be worth when you retire (if you can get an APR of 8% during your work years)? If you are taxed at a rate of 27%, then how much will you have when you retire? Round all answers to 2 decimal places. Before taxes retirement amount $ Number After taxes retirement amount $ Number Submit Assignment Quit & Save Васк Question Menu 4 Next 38°F Partly sunny A 0) 411 PM 11/19/202 end home delete prt sc 144 4+ 4- 40 num lock backspace & 8. 6. 7. home |近arrow_forwardNeep help with this . Thank youarrow_forward2 Project: Company Accour X DEL 7-1 Problem Set: Module Sev X CengageNOWv2 | Online tea X * Cengage Learning + x ow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator3&inprogress=false |电 eBook MShow Me How Vertical Analysis Income statement information for Einsworth Corporation follows: 000' 101,400 Sales Cost of goods sold Gross profit 009 9 Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number. Einsworth Corporation Vertical Analysis of the Income Statement, Amount Percentage Sales $338,000 Cost of goods sold 101,400 0.3 Gross profit Feedback Check My Work Divide each element by sales to determine the vertical analysis percentage. Check My Work ( Previous 3:10 PM 4/11/2022 AD dyarrow_forward
- pject: Company Accour X DEL. Project Guidelines and Rubric x DEL 7-1 Problem Set: Module Sev X CengageNOWv2 |Online tea x com/ilm/takeAssignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator3D&inprogress=false eBook 4Show Me How Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $224,540 Interest expense 39,620 000'080 Determine the return on total assets. If required, round the answer to one decimal place. Average total assets Feedback Check My Work Divide the sum of net income and interest expense by average total assets. Check My Work ( Previous *AD dyarrow_forwardgageNOWv2 | Online teachin x zakeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator%3&inprogress3false Equipment with an estimated market value of $29,889 is offered for sale at $48,377. The equipment is acquired for $14,472 in cash and a note payable of $21,295 due in 30 days. The amount used in the buyer's accounting records to record this acquisition is Oa. $35,767 Ob. $44,361 Oc. $29,889 Od. $14,472 Next Previous 3:37 AM 5/9/2022arrow_forwardClass Specificatio WileyPLUS X myStanState Port Bb Ch 16 WP - 2019 + L- https://edugen.wileyplus.com/edugen/student/mainfr.uni Kieso, intermeaiate ACCounting, 16e INTERMED. ACCOUNTING (ACC 31I0/- Assignment Gradebook ORION Downloadable eTextbook nt CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Exercise 16-23 Your answer is partially correct. Try again. On June 1, 2015, Sage Company and Pronghorn Company merged to form Stellar Inc. A total of 876,000 shares were issued to complete the merger. The new corporation reports on a calendar-year basis. On April 1, 2017, the company issued an additional 637,000 shares of stock for cash. All 1,513,000 shares were outstanding on December 31, 2017. Stellar Inc. also issued $600,000 of 20-year, 8% convertible bonds at par on July 1, 2017. Each $1,000 bond converts to 44 shares of common at any interest date. None of the bonds have been converted to date. Stellar Inc. is preparing its annual report for the fiscal year ending December 31, 2017. The…arrow_forward
- Unauthorized My Home CengageNOWv2| Online teachin x + -> https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogres. Chapter 20 еВook Operating Leverage Beck Inc. and Bryant Inc. have the following operating data: Beck Inc. Bryant Inc. Sales $1,250,000 $2,000,000 Variable costs (750,000) (1,250,000) Contribution margin $500,000 $750,000 Fixed costs (400,000) (450,000) Operating income $100,000 $300,000 a. Compute the operating leverage for Beck Inc. and Bryant Inc. If required, round to one decimal place. Beck Inc. Bryant Inc. b. How much would operating income increase for each company if the sales of each increased by 20%? Dollars Percentage Beck Inc. % Bryant Inc. % c. The difference in the increases of operating income is due to the difference in the operating leverages. Beck Inc.'s higher operating leverage means that its fixed costs are a larger percentage of contribution margin than are Bryant Inc.'s. Feedback 6:43 PM…arrow_forwardWhat is this cost allocation?arrow_forwardCengageNOWV21 Assignme e CengageNOW2| Onlin X+ v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator%-D&inprogress%3false Calculator Equipment with a cost of $154,708 has an estimated residual value of $9,391 and an estimated life of 4 years or 14,267 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used for 3,671 hours? Oa. $36,329.25 Ob. $37,391.09 Oc. $38,677.00 Od. $37,430.68 Previous Next 8:22 AM IN APAarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you