cmr302 test1
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
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Order Paper Now- 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_______________________
- Stockholderâ€
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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