look up chipotles financial info and find the revenue growth rates and trends, profitability levels (i.e. gross and operating margin percentages) and trends, and an assessment of the firm’s overall financial position based upon their 2015-2017 financial

4.

Profits and losses are determined by___________

adding total cost to total revenue

subtracting implicit costs from total revenue

subtracting total costs from total revenue

subtracting explicit costs from total revenue

5.

As a waiter you earn $60,000 per year, including tips. Someone offers you a new job as an economic consultant, which pays $100,000 per year. In order to be a consultant, you’ll need to rent an office and purchase supplies and new computer equipment. We can conclude which of the following?

If the explicit cost for the consulting job is $20,000 per year, your accounting profit is equal to $20,000.

If the explicit cost for the consulting job is $20,000 per year, your economic profit is equal to $80,000.

If the explicit cost for the consulting job is $30,000 per year, your accounting profit is equal to $10,000.

If the explicit cost for the consulting job is $25,000 per year, your economic profit is equal to $15,000.

6.

The cookie company in the mall hires workers to produce cookies. The workers are paid $75 per day, and the cost of renting the space in the mall is $250 per day.

If two workers are hired, the total variable costs are_____

$400

$200

$75

$150

7.

Billy Bob runs a seafood restaurant. Last year he earned $50,000 in revenue. He had explicit costs of $20,000. Billy Bob could have made $30,000 working for the county and could have received an additional $20,000 if he rented out his building and equipment. Calculate Billy Bob’s economic profit.

$20,000

-$20,000

$0

$30,000

8.

A pizza business has the cost structure described below. The firm’s fixed costs are $20 per day.

What are the firm’s marginal costs (MC) at an output of 35 pizzas?

$4.00

$0.57

$230.00

$9.20

9.

Billy Bob runs a seafood restaurant. Last year he earned $50,000 in revenue. He had explicit costs of $20,000. Billy Bob could have made $30,000 working for the county and could have received an additional $20,000 if he rented out his building and equipment. Calculate Billy Bob’s accounting profit and implicit costs are __________

$20,000 and $30,000, respectively.

$0, and $70,000, respectively.

$50,000 and $20,000, respectively.

$30,000, and $50,000, respectively.

10.

A pizza business has the cost structure described below. The firm’s fixed costs are $20 per day.

What are the firm’s average variable costs (AVC) at an output of 25 pizzas?

$0.80

$195

$7.80

$7.00

Using an excel spreadsheet to present your work, calculate the projected revenue collected from federal income taxes, state income taxes, and the local payroll tax for FY 2014 and prepare a revenue estimate for the City of Newark’s Public School System for FY 2015 based on the following information. Assume that no other deductions came from the employee’s salary other than what is listed here. Hint: New employees are not eligible for raises, which are based on performance from the previous fiscal year. (See Table below for format. You are to prepare two spreadsheets (projected revenue and revenue estimate))...Show formulas for calcualtions

FY 2014 Facts:

1 The school system currently has 34 full-time employees. There is one superintendent, two principals, three janitors, ten kitchen staff, and eighteen teachers (including coaches).

The superintendent has a salary of $95,000

Each principal has a salary of $70,000

Four of the teachers (Teacher A) had salaries of $55,000; six teachers (Teacher B) had salaries of $45,000 and six teachers (Teacher C) had salaries of $40,000

The remaining two teachers (A Level) are also coaches. The football coach receives and additional $5,000 in salary and the basketball coach receives and additional $7,000 in salary each year.

Mrs. Jones manages the kitchen. Her FY 2014 salary was $45,000

The remaining kitchen staff made $28,000 each in FY 2014

The three janitors made $25,000 each in FY 2014

Use these federal income tax rates: $0 - $8,700.99 = 10%; $8,701 - $35350.99 = 15%; $35,351 - $85,650.99 = 25%; $85,651 - $178,650.99 = 28%; $178,651 - $388,350.99 = 33%; >$388,351 = 35%. The tax rates were the same in FY 2014 and FY 2015.

The state income tax rate is 4% for the first $3,000 of employee salary and 5.5% on everything above that amount. The rate is the same in both years.

The local payroll tax is 1.75% in FY 2014 and 1.85% in FY 2015.

FY 2015 Facts:

In FY 2015, the school system hired two more teachers at the Teacher D level. They will begin work in FY 2015 at a salary of $35,000.

In FY 2015, each school employee received a 5% raise except the principals and superintendents. They received a 2% raise. Note, new employees, do not receive a raise.

Position Description # in Grade FY 2014 Salary Fed Inc. Tax State Inc. Tax Payroll Tax Total Taxes

Superintendent 1

Principal 2

Teacher (A) 4

Teacher (B) 6

Teacher (C) 6

Janitor 3

Kitchen Manager 1

Kitchen Staff 9

Football Coach 1

Basket Ball Coach 1

Total 34

Payroll. Canada.

The organizations’ Controller has received a notice from the Canada Revenue Agency (CRA) advising that the organization will be changing from an Accelerated threshold 1 remitter to an Accelerated threshold 2 remitter effective with the first pay of the new year. The Controller has asked you to provide an explanation of why this change has occurred.

In addition, she wants to understand how this will impact the statutory remittance schedule. Using the Current Year calendar in the course material, provide specifics of when the remittances are due for the January and February bi-weekly payrolls starting with the first pay date of the new year which is Friday January 5th.

Common-Sized Income Statement

Revenue and expense data for the current calendar year for Sorenson Electronics Company and for the electronics industry are as follows. Sorenson Electronics Company data are expressed in dollars. The electronics industry averages are expressed in percentages.

a. Prepare a common-sized income statement comparing the results of operations for Sorenson Electronics Company with the industry average. If required, round percentages to one decimal place.

These are the cash flows.

Use this detail to determine answers to the questions below.

Ray’s Racks is a publicly traded company.  The current stock price is $3.00 per share, and there are 20 million shares outstanding.  The present value of the company’s debt is $40,000,000.  The company has a bond issue outstanding with 6 years to maturity.  The face value is $1,000, the coupon rate is 8% (paid quarterly), and the bond is currently selling for $1,020.  The company’s corporate tax rate is 35% and their beta is 1.41.  The current risk free rate is 5%, and the historic market return is 12%.

NOTE: It is critical that you do not round intermediate calculations. For example, while you may provide the after-tax cost of debt rounded to two decimal places, DO NOT calculate the WACC using rounded numbers. DO NOT calculate the NPV using a WACC that was rounded to two decimal places. These will give you incorrect answers. Provide each answer as requested, but DO NOT round intermediate calculations.

Question 1. What is the weighting to be used for equity in the WACC calculation?

Question 2. What is the weighting to be used for debt in the WACC calculation?

Question 3. What is the project's NPV?

The owner of Showtime Movie Theaters, Inc., used multiple regression analysis to predict gross revenue (y) as a function of television advertising (x ₁) and newspaper advertising (x₂). The estimated regression equation was

ŷ = 76.3 + 3.41 x ₁ + 1.33 x ₂

The computer solution provided SST = 33.5 and SSR = 31.358.

1. Compute R ² and R _a² (to 3 decimals).
   

   R 2	?
   R a2	?

2. When television advertising was the only independent variable, R ² = 0.563 and R _a² = 0.490. Are the multiple regression analysis results preferable?
   SelectYes, because greater variability is explained when both independent variables are usedNo, because less variability is explained when both independent variables are usedItem 3

Reference Needed. 200 word if possible.

Discuss sources of healthcare revenue, assets, liabilities, and net worth.

Reference Needed. 200 word if possible.

Within ASC 606-10 (the revised revenue model), where can a researcher find:

a. The core principle?

b. The five steps for applying the core principle?

c. The objective of the guidance in this topic?

d. Guidance on the incremental costs of obtaining a contract with a customer?