Question
In: Accounting
Analyzing and Interpreting Income Disclosures Sales information for Tesla Inc. follows. Year Ended December 31 ($...
Analyzing and Interpreting Income Disclosures
Sales information for Tesla Inc. follows.
| Year Ended December 31 ($ thousands) | 2018 | 2017 | 2016 |
|---|---|---|---|
| Automotive sales | $26,447,283 | $14,509,078 | $6,147,908 |
| Automotive leasing | 971,807 | 1,659,822 | 1,294,990 |
| Total automotive revenues | 27,419,090 | 16,168,900 | 7,442,898 |
| Services and other | 2,364,770 | 1,101,304 | 701,958 |
| Total automotive & services and other segment revenue | 29,783,860 | 17,270,204 | 8,144,856 |
| Energy generation and storage segment revenue | 2,332,866 | 1,897,652 | 199,533 |
| Total revenues | $32,116,726 | $19,167,856 | $8,344,389 |
Automotive sales revenue includes revenues related to sale of new Model S, Model X and Model 3 vehicles, including access to our Supercharger network, internet connectivity, Autopilot, full self-driving and over-the-air software updates.
Automotive leasing revenue includes the amortization of revenue for Model S and Model X vehicles under direct lease agreements as well as those sold with resale value guarantees accounted for as operating leases under lease accounting. We do not yet offer leasing for Model 3 vehicles.
Services and other revenue consists of non-warranty after-sales vehicle services, sales of used vehicles, sales of electric vehicle components and systems to other manufacturers, retail merchandise, and sales by our acquired subsidiaries to third party customers.
Energy generation and storage revenues consists of the sale of
solar energy systems and energy storage systems to residential,
small commercial, and large commercial and utility grade
customers.
Compute the relative size of sales revenue from the four types
of revenue Tesla discloses. (Hint: Scale each type of revenue by
total revenue.)
Round answers to the nearest whole percentage.
| As % of Total Revenue | 2018 | 2017 | 2016 |
|---|---|---|---|
| Automotive sales | Answer | Answer | Answer |
| Automotive leasing | Answer | Answer | Answer |
| Services and other | Answer | Answer | Answer |
| Energy generation & storage | Answer | Answer | Answer |
Compute the growth in sales revenue for both years from each of the four types of revenue.
- Round answers to the nearest whole percentage.
- Use a negative sign with answers, when appropriate.
| % Growth | 2018 | 2017 |
|---|---|---|
| Automotive sales | Answer | Answer |
| Automotive leasing | Answer | Answer |
| Services and other | Answer | Answer |
| Energy generation & storage | Answer | Answer |
Solutions
Expert Solution
| Year Ended December 31 ($ thousands) | 2018 | 2017 | 2016 | |
| Automotive sales | $ 26,447,283 | $ 14,509,078 | $ 6,147,908 | |
| Automotive leasing | $ 971,807 | $ 1,659,822 | $ 1,294,990 | |
| Services and other | $ 2,364,770 | $ 1,101,304 | $ 701,958 | |
| Energy generation and storage segment revenue | $ 2,332,866 | $ 1,897,652 | $ 199,533 | |
| Total revenues | $ 32,116,726 | $ 19,167,856 | $ 8,344,389 | |
| a) | Relative size of sales revenue from the four types of revenue | |||
| Calculation = Revenue for Revenue Type for particular year/Total Revenue for particular year | ||||
| As % of Total Revenue | 2018 | 2017 | 2016 | |
| Automotive sales | 82.3% | 75.7% | 73.7% | |
| Automotive leasing | 3.0% | 8.7% | 15.5% | |
| Services and other | 7.4% | 5.7% | 8.4% | |
| Energy generation & storage | 7.3% | 9.9% | 2.4% | |
| b) | Growth in sales revenue for both years from each of the four types of revenue. | |||
| Calculation = (Revenue for Revenue Type for particular year-Revenue for Revenue Type for previous year)/ Revenue for Revenue Type for previous year | ||||
| % Growth | 2018 | 2017 | ||
| Automotive sales | 82.3% | 136.0% | ||
| Automotive leasing | -41.5% | 28.2% | ||
| Services and other | 114.7% | 56.9% | ||
| Energy generation & storage | 22.9% | 851.0% |
ekkarill92 answered 2 years agoRelated Solutions
Analyzing and Interpreting Income Components and Disclosures The income statement for Xerox Corporation follows. Year ended...
Analyzing and Interpreting Income Components and
Disclosures
The income statement for Xerox Corporation follows.
Year ended December 31 (in
millions)
2010
2009
2008
Revenue
Equipment sales
$3,857
$3,550
$4,679
Supplies, paper and other
3,377
3,096
3,646
Sales
7,234
6,646
8,325
Service, outsourcing and rentals
13,739
7,820
8,485
Finance income
660
713
798
Total Revenues
21,633
15,179
17,608
Cost and expenses
Cost of sales
4,741
4,395
5,519
Cost of service, outsourcing and rentals
9,195
4,488
4,929
Equipment financing interest
246
271...
The income statement for Delta-tec Inc. for the year ended December 31, 2016, was as follows
The income statement for Delta-tec Inc. for the year ended December 31, 2016, was as follows:
Delta-tec Inc.
Income Statement (selected items)
For the Year Ended December 31, 2016
1
Income from operations
$299,700.00
2
Gain on sale of investments
17,800.00
3
Less unrealized loss on trading investments
72,500.00
4
Net income
$245,000.00
The balance sheet dated December 31, 2015, showed a Retained Earnings balance of $825,000. During 2016, the company purchased trading investments for the first time...
The information that follows is for Becky’s Baskets for the year ended December 31, 2017 and...
The information that follows is for Becky’s Baskets for the year
ended December 31, 2017 and covers questions 20-27.
Sales
2,000 baskets at $50 per basket =
$100,000
Costs: (2,000 baskets produced and sold)
Variable
Costs
Total Cost
Direct materials
16,000
Direct
labor
14,000
Manufacturing
overhead
16,000
Selling and Administrative
Costs
10,000
Fixed Costs
Manufacturing
overhead
30,000
Selling and...
Income Statement For the Year Ended December 31, 2018 Sales &nb
Income Statement
For the Year Ended December 31, 2018
Sales
$8,500,000
Manufacturing Expenses
Variable
$3,250,000
Fixed
overhead
640,000
3,890,000
Gross
Margin
$4,610,000
Selling and administrative expenses
Commissions
$580,000
Fixed marketing expenses
300,000
Fixed admin expenses
450,000
1,330,000
Net Operating
Income
$3,280,000
Fixed Interest
expenses
230,000
Income before
Taxes
$3,050,000
Income Taxes
(21%)
640,500
Net
Income
$2,409,500
Your company is considering out-sourcing the sales and marketing
to an agency specializing in these types of sales....
Income Statement For the Year Ended December 31, 2018 Sales &nb
Income Statement
For the Year Ended December 31, 2018
Sales
$8,500,000
Manufacturing Expenses
Variable
$3,250,000
Fixed
overhead
640,000
3,890,000
Gross
Margin
$4,610,000
Selling and administrative expenses
Commissions
$580,000
Fixed marketing expenses
300,000
Fixed admin expenses
450,000
1,330,000
Net Operating
Income
$3,280,000
Fixed Interest
expenses
230,000
Income before
Taxes
$3,050,000
Income Taxes
(21%)
640,500
Net
Income
$2,409,500
Your company is considering out-sourcing the sales and marketing
to an agency specializing in these types of sales....
The information that follows is for Nancy’s Name Tents for the year ended December 31, 2015...
The information that follows is for Nancy’s Name Tents for the
year ended December 31, 2015 and
covers questions 26-31. All per unit costs below are based on
the production and sale of 3,000 name tents.
The relevant range is from 0 - 3,500 units.
Sales
$50 sales price per name tent
Costs:
Variable
Costs
Per Tent (3,000 name tents produced and sold)
Direct materials
8
Direct
labor
7
Manufacturing
overhead
...
Information for Entity A for the year ended December 31, 2019 ($ in millions): Income...
Information for Entity A for the year ended December 31, 2019 ($
in millions):
Income from continuing operations before tax
$155
Temporary differences (all related to operating income):
Accrued warranty expense in excess of expense included in
operating income
16
Depreciation deducted on tax return in excess of depreciation
expense
32
Permanent differences (all related to operating income):
Entertainment expenses (none are deductible under 2017 Tax
Act)
8
Interest received on municipal bonds
3
Balance in deferred tax asset...
Information for Entity A for the year ended December 31, 2019 ($ in millions): Income...
Information for Entity A for the year ended December 31, 2019 ($
in millions):
Income from continuing operations before tax
$155
Temporary differences (all related to operating income):
Accrued warranty expense in excess of expense included in
operating income
16
Depreciation deducted on tax return in excess of depreciation
expense
32
Permanent differences (all related to operating income):
Entertainment expenses (none are deductible under 2017 Tax
Act)
8
Interest received on municipal bonds
3
Balance in deferred tax asset...
the segmented income statement for XYZ Company for the year ended December 31, 2016, follows: XYZ...
the segmented income statement for XYZ Company for the year
ended December 31, 2016, follows: XYZ COMPANY Segmented Income
Statement For the Year Ended December 31, 2016 Total Company
Product A Product B Product C Sales $ 592,000 $ 297,000 $ 118,000 $
177,000 Variable expenses 273,000 154,000 49,000 70,000
Contribution margin $ 319,000 $ 143,000 $ 69,000 $ 107,000 Fixed
expenses 283,000 165,000 47,000 71,000 Operating income $ 36,000 $
(22,000 ) $ 22,000 $ 36,000 The company is...
The segmented income statement for XYZ Company for the year ended December 31, 2016, follows: XYZ...
The segmented income statement for XYZ Company for the year
ended December 31, 2016, follows: XYZ COMPANY Segmented Income
Statement For the Year Ended December 31, 2016
Total Company Product A Product B Product C
Sales $ 610,000 $ 305,000 $ 118,000 $ 187,000
Vari. expenses 273,000 146,000 53,000 74,000
Cont. margin $ 337,000 $ 159,000 $ 65,000 $ 113,000
Fixed expenses 283,000 164,000 49,000 70,000
Oper. income $ 54,000 $ (5,000 ) $ 16,000 $ 43,000
The company is...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Write a program to print the number of class assignments you have done so far, the...
- This is in C# on visual Basic Write a base class that has two property members:...
- Greta, an elderly investor, has a degree of risk aversion of A = 3 when applied...
- Should certain categories of drugs be decriminalized? What might the impact be – in the short-...
- How does your initiative support student learning in the classroom? Cost/Factors for implementation the bottom you...
- Build your own computer from the ground up. You must define each part that you want...
- Part A. Outline and explain all the VARIABLES and FACTORS that determine valuation and valuation analysis...
ADVERTISEMENT