CMR302 Test1

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Answer 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 calculate Operating Income?
  • List an example of a non-operating income account.
  • What classification is the account Retained Earnings?

Circle the Correct Answer. SHOW YOUR WORK Where Required

  • Gilbert, Inc. had the following account balances at September 30, 2010. What is Gilbert’s net income for the month of September?
  • Sales = $12,000, Cost of Sales = $4,000, Operating Expenses = $ 1,000, Other Expenses = $ 2,000. What is the Gross Profit?
  • NBC Company had $32,000 in net sales, $15,000 in cost of merchandise sold, $14,000 in operating expenses, and $2,000 in other income. What is NBC Company’s operating profit?
  • Expenses that CANNOT be traced directly to operations are identified 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 = $ 14,000 Equity = $ 6,000 Liabilities = __________________
  • Liabilities = 4,000 Assets = $ 7,000 Equity =__________________

Inventory10,000

Cash14,300

Equipment15,400

Fees Earned54,400

Miscellaneous Expense18,200

Rent Expense2,000

Retained Earnings6,550

Wages Expense 13,900

  • $32,450
  • $10,300SHOW YOUR WORK
  • $20,300
  • $1 8, 1 50

___________________________SHOW YOUR WORK

  • $17,000
  • $3,000SHOW YOUR WORK
  • $1,000
  • ($1, 000)
  • Other income.
  • Operating expenses.
  • Cost of goods sold.
  • Other expenses.

____________________________

_____________________________

The Economy (Fill-In)

  • Which indicator is the best indicator of consumer inflation?
  • Which indicator measures unemployment and employee hourly wages?
  • Which indicator is a leading indicator of economic growth
  • What can an increase in inventories mean?
  • Which economic theory believes that the government should not intervene during a fiscal crisis?

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 for 2012?
  • The company did not borrow funds in 2013TF
  • The company paid dividends in 2012TF
  • The company had a positive cash flow from Financing in 2013:TF
  • 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 Liabilitiesfor 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

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