### Six Flags Entertainment Corp. Revenue Data Analysis**Six Flags Entertainment Corp.** reported the following revenue data (in $000s) in its 2017 annual report:| Revenues | 2017 | 2016 | 2015 | 2014 | 2013 ||------------------------------------------------|-----------|-----------|-----------|-----------|-----------|| Theme park admissions | $741,275 | $715,413 | $687,819 | $641,535 | $602,204 || Theme park food, merchandise, and other | 524,582 | 521,167 | 500,190 | 460,131 | 448,547 || Sponsorship, licensing, and other fees | 78,096 | 66,329 | 59,133 | 57,250 | 42,149 || Accommodations | 15,121 | 16,489 | 16,796 | 16,877 | 17,000 |**Analysis Task:**Prepare a trend analysis of Six Flags' revenue sources. *(Round answers to 1 decimal place, e.g. 50.1%.)*#### Trend Analysis (Percentage Change Calculation Template)| Revenues | 2017 | 2016 | 2015 ||------------------------------------------------|-----------|-----------|-----------|| Theme park admissions | _____ % | _____ % | ______ % || Theme park food, merchandise and other | _____ % | _____ % | ______ % || Sponsorship, licensing, and other fees | _____ % | _____ % | ______ % || Accommodations | _____ % | _____ % | ______ % |**Explanation of Trend Analysis Calculation:**1. **Percentage Change Formula:** \[ \text{Percentage Change} = \left( \frac{\text{Value in Current Year} - \text{Value in Previous Year}}{\text{Value in Previous Year}} \right) \times 100 \]2. **Example Calculation for Theme Park Admissions (2016 to 2017):** \[ \text{Percentage Change} = \left( \frac{741,275 - 715,413}{715 ### Six Flags Entertainment Corp. Revenue Analysis (2013-2017)**Six Flags Entertainment Corp.** reported the following revenue data (in $000s) in its 2017 annual report. The table below displays the revenue from various sources over five years, from 2013 to 2017. #### Revenues Breakdown (in $000s):| | 2017 | 2016 | 2015 | 2014 | 2013 ||-----------------------|-----------|-----------|-----------|-----------|-----------|| Theme park admissions | $741,275 | $715,413 | $687,819 | $641,535 | $602,204 || Theme park food, merchandise, and other | $524,582 | $521,167 | $500,190 | $460,131 | $448,547 || Sponsorship, licensing, and other fees | $78,096 | $66,329 | $59,133 | $57,250 | $42,149 || Accommodations | $15,121 | $16,489 | $16,796 | $16,877 | $17,000 |### InstructionsPrepare a trend analysis of Six Flags’ revenue sources. Round answers to one decimal place, e.g. 50.1%.#### Percentage Change TableThe table below is for calculating the percentage change for each category between consecutive years. | | 2016 | 2015 | 2014 | 2013 ||-----------------------|----------|----------|----------|----------|| Theme park admissions | _______ | _______ | _______ | _______ || Theme park food, merchandise, and other | _______ | _______ | _______ | _______ || Sponsorship, licensing, and other fees | _______ | _______ | _______ | _______ || Accommodations | _______ | _______ | _______ | _______ |### Example for Calculating Percentage ChangeTo compute the percentage change from 2016 to 2017 for theme park admissions:\[ \text{Percentage Change} = \left( \frac{\text{Revenue in 2017} - \

Trend Analysis -Trend Analysis helps organization to understand the growth of the organization. In…

Six Flags Entertainment Corp. reported the following revenue data (in $000s) in its 2017 annual report. Revenues Theme park admissions Theme park food, merchandise, and other Sponsorship, licensing, and other fees Accommodations Revenues Theme park admissions Prepare a trend analysis of Six Flags' revenue sources. (Round answers to 1 decimal place, e.g. 50.1%.) Theme park food, merchandise and other Sponsorship, licensing and other fees 2017 $741,275 Accommodations 524,582 78,096 15,121 2016 2015 2014 $715,413 $687,819 $641,535 521,167 500,190 460,131 66,329 59,133 57,250 16,489 16,796 16,877 2017 % % % % 2016 2013 $602,204 448,547 42,149 17,000 de xe Se % 2015

Six Flags Entertainment Corp. reported the following revenue data (in $000s) in its 2017 annual report. Revenues Theme park admissions Theme park food, merchandise, and other Sponsorship, licensing, and other fees Accommodations Revenues Theme park admissions Prepare a trend analysis of Six Flags' revenue sources. (Round answers to 1 decimal place, e.g. 50.1%.) Theme park food, merchandise and other Sponsorship, licensing and other fees 2017 $741,275 Accommodations 524,582 78,096 15,121 2016 2015 2014 $715,413 $687,819 $641,535 521,167 500,190 460,131 66,329 59,133 57,250 16,489 16,796 16,877 2017 % % % % 2016 2013 $602,204 448,547 42,149 17,000 de xe Se % 2015

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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