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Salesware.com, Incorporated, is a leading provider of enterprise software, delivered through the cloud, with a focus on customer relationship management, or CRM. The Company helps its customers to connect with their customers through cloud, mobile, social, blockchain, voice, advanced analytics, and artificial intelligence ("Al") technologies. Presented below are the items adapted from its recent income statement for the year ended January 31 (in millions, except per share amounts). Net earnings per share was $0.20, and the weighted-average shares used in the computation were 849 million. Cost of subscription and support revenues Cost of professional services and other revenues General and administrative expense Income tax expense Subscription and support revenues $ 3,309 Net revenues: Professional services and other revenues 1,242 Other income 1,724 Marketing and sales expense. 779 Research and development expense 16,249 Required: 1. Recognizing that Salesware has two sources of operating revenues, prepare a classified (multiple-step) income statement. 2. Which source of operating revenues produces the higher gross profit? Complete th's question by entering your answers in the tabs below. $ 1,260 447 7,950 2,786 Required 1 Required 2 Recognizing that Salesware has two sources of operating revenues, prepare a classified (multiple-step) income statement. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). SALESWARE.COM, INCORPORATED Consolidated Statement of Income (in millions, except per share amounts) i

Salesware.com, Incorporated, is a leading provider of enterprise software, delivered through the cloud, with a focus on customer relationship management, or CRM. The Company helps its customers to connect with their customers through cloud, mobile, social, blockchain, voice, advanced analytics, and artificial intelligence ("Al") technologies. Presented below are the items adapted from its recent income statement for the year ended January 31 (in millions, except per share amounts). Net earnings per share was $0.20, and the weighted-average shares used in the computation were 849 million. Cost of subscription and support revenues Cost of professional services and other revenues General and administrative expense Income tax expense Subscription and support revenues $ 3,309 Net revenues: Professional services and other revenues 1,242 Other income 1,724 Marketing and sales expense. 779 Research and development expense 16,249 Required: 1. Recognizing that Salesware has two sources of operating revenues, prepare a classified (multiple-step) income statement. 2. Which source of operating revenues produces the higher gross profit? Complete th's question by entering your answers in the tabs below. $ 1,260 447 7,950 2,786 Required 1 Required 2 Recognizing that Salesware has two sources of operating revenues, prepare a classified (multiple-step) income statement. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). SALESWARE.COM, INCORPORATED Consolidated Statement of Income (in millions, except per share amounts) i

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 3E
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ices Net revenues: Total net revenue Cost of sales: Total cost of revenues Operating expenses: Total operating expenses Earnings per share Weighted average shares outstanding Show Transcribed Text 3 une weigneu-average slides used in the computer Cost of subscription and support revenues Cost of professional services and other revenues General and administrative expense Income tax expense Subscription and support revenues c Required 1 Required 2 $ 3,309 Professional services a revenues 1,242 Other income 1,724 Marketing and sales expe 779 Research and development 16,249 Required: 1. Recognizing that Salesware has two sources of operating revenues, prepare a cla 2. Which source of operating revenues produces the higher gross profit? Complete this question by entering your answers in the tabs below. Which source of operating revenues produces the higher gross profit? Source of operating revenue < Required 1 Required
Transcribed Image Text:ices Net revenues: Total net revenue Cost of sales: Total cost of revenues Operating expenses: Total operating expenses Earnings per share Weighted average shares outstanding Show Transcribed Text 3 une weigneu-average slides used in the computer Cost of subscription and support revenues Cost of professional services and other revenues General and administrative expense Income tax expense Subscription and support revenues c Required 1 Required 2 $ 3,309 Professional services a revenues 1,242 Other income 1,724 Marketing and sales expe 779 Research and development 16,249 Required: 1. Recognizing that Salesware has two sources of operating revenues, prepare a cla 2. Which source of operating revenues produces the higher gross profit? Complete this question by entering your answers in the tabs below. Which source of operating revenues produces the higher gross profit? Source of operating revenue < Required 1 Required
Salesware.com, Incorporated, is a leading provider of enterprise software, delivered through the cloud, with a focus on customer relationship management, or CRM. The Company helps its customers to connect with their customers through cloud, mobile, social, blockchain, voice, advanced analytics, and artificial intelligence ("AI") technologies. Presented below are the items adapted from its recent income statement for the year ended January 31 (in millions, except per share amounts). Net earnings per share was $0.20, and the weighted-average shares used in the computation were 849 million. Cost of subscription and support revenues Cost of professional services and other revenues General and administrative expense Income tax expense Subscription and support revenues. $ 3,309 Professional services and other. revenues 1,242 Other income 1,724 Marketing and sales expense 779 Research and development expense 16,249 Net revenues: Required: 1. Recognizing that Salesware has two sources of operating revenues, prepare a classified (multiple-step) income statement. 2. Which source of operating revenues produces the higher gross profit? Complete this question by entering your answers in the tabs below. $ 1,260 447 7,950 2,786 Required 1 Required 2 Recognizing that Salesware has two sources of operating revenues, prepare a classified (multiple-step) income statement. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). SALESWARE.COM, INCORPORATED Consolidated Statement of Income (in millions, except per share amounts)
Transcribed Image Text:Salesware.com, Incorporated, is a leading provider of enterprise software, delivered through the cloud, with a focus on customer relationship management, or CRM. The Company helps its customers to connect with their customers through cloud, mobile, social, blockchain, voice, advanced analytics, and artificial intelligence ("AI") technologies. Presented below are the items adapted from its recent income statement for the year ended January 31 (in millions, except per share amounts). Net earnings per share was $0.20, and the weighted-average shares used in the computation were 849 million. Cost of subscription and support revenues Cost of professional services and other revenues General and administrative expense Income tax expense Subscription and support revenues. $ 3,309 Professional services and other. revenues 1,242 Other income 1,724 Marketing and sales expense 779 Research and development expense 16,249 Net revenues: Required: 1. Recognizing that Salesware has two sources of operating revenues, prepare a classified (multiple-step) income statement. 2. Which source of operating revenues produces the higher gross profit? Complete this question by entering your answers in the tabs below. $ 1,260 447 7,950 2,786 Required 1 Required 2 Recognizing that Salesware has two sources of operating revenues, prepare a classified (multiple-step) income statement. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). SALESWARE.COM, INCORPORATED Consolidated Statement of Income (in millions, except per share amounts)
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