I don’t know how to handle this Accounting question and need guidance.
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
|
