Questions
Question 2: Create a common-size income statement and use the difference (2017-2016) to comment on the...

Question 2: Create a common-size income statement and use the difference (2017-2016) to comment on the following items (10 points)
Items Comments
1. Automotive revenue Write your comments here
2. Income (loss) before income taxes
3. Interest expense
4. Net Income (loss)
Exchange rate used is that of the Year End reported date
As Reported Annual Income Statement
Report Date 12/31/2017 12/31/2016 12/31/2017 12/31/2016
Currency USD USD
Audit Status Not Qualified Not Qualified
Consolidated Yes Yes
Scale Thousands Thousands % % Difference (2017-2016)
Development services revenue - -
Automotive revenue 8534752 5589007
Automotive leasing revenue 1106548 761759
Total automotive revenue 9641300 6350766
Energy generation & storage revenue 1116266 181394
Services & other revenues 1001185 467972
Total revenues 11758751 7000132
Development services revenue - -
Automotive cost of revenue 6724480 4268087
Automotive leasing cost of revenue 708224 481994
Total automotive cost of revenues 7432704 4750081
Energy generation & storage cost of revenue 874538 178332
Services & other cost of revenues 1229022 472462
Total cost of good solds 9536264 5400875
Gross profit (loss) 2222487 1599257
Research & development 1378073 834408
Selling, general & administrative 2476500 1432189
Total operating expenses 3854573 2266597
Income (loss) from operations -1632086 -667340
Interest income 19686 8530
Interest expense 471259 198810
Other income (expense), net -125373 111272
Income (loss) before income taxes - domestic -993113 -130718
Noncontrolling interest & redeemable noncontrolling interest -279178 -98132
Income (loss) before income taxes - international -936741 -517498
Income (loss) before income taxes -2209032 -746348
Current federal income taxes (benefit) -9552 -
Current state income taxes (benefit) 2029 568
Current foreign income taxes (benefit) 42715 53962
Current income taxes (benefit) 35192 54530
Deferred foreign income taxes (benefit) -3646 -27832
Deferred income taxes (benefit) -3646 -27832
Provision for income taxes (benefit) 31546 26698
Net income (loss) -2240578 -773046
Net loss attributable to noncontrolling interests & redeemable noncontrolling interests 279178 98132
Net income (loss) attributable to common stockholders -1961400 -674914
Weighted average shares outstanding-basic 165758 144212
Weighted average shares outstanding-diluted 165758 144212
Year end shares outstanding 168797 161561
Net income (loss) per share - basic -11.83 -4.68
Net income (loss) per share - diluted -11.83 -4.68
Number of full time employees 37543 30025
Number of common stockholders 1156 1109
Foreign currency translation adjustments 62658 -18500
Question 3: Compute these ratios (10 points)
(Note: Don’t do the calculation by hand or by using regular calculator. You need to use formulas in Excel. Look at my calculation for the current ratio in 2017 as an example
2017 2016 Difference (2017-2016)
Current ratio Current ratio
Total Debt ratio
Inventory turnover
Profit margin
ROA
ROE
Comments on these ratios. Do you think Tesla's stock is a good investment, why?




In: Accounting

On the “CJE” worksheet, prepare the closing entries in good form for Grizzlies, Inc. at the...

On the “CJE” worksheet, prepare the closing entries in good form for Grizzlies, Inc. at the end of December 31, 2017. Again, all numbers should be cell references or formulas, not manually entered.

Grizzlies, Inc.
Income Statement
For the Month Ended December 31, 2017
Dr. Cr.
Revenues
Sales Revenue   $1,576,150.00
Cost of Goods Sold       975,000.00
Gross Profit         601,150.00
Operating Expenses
Sales Salaries Expense    282,560.00
Office Salaries Expense    153,240.00
Miscellaneous Administrative Expense        5,650.00
Miscellaneous Selling Expense      13,900.00
Depreciation Expense - Store Equipment      15,840.00
Depreciation Expense - Office Equipment      10,200.00
Store Supplies Expense      15,400.00
Shop Supplies Expense        3,600.00
Rent Expense        1,200.00
Insurance Expense        4,200.00
Utilities Expense-Store        1,118.00
Utilities Expense-Office           182.00
Total Operating Expenses $   507,090.00
Operating Income $     94,060.00
Non Operating Expenses  
Consulting Revenue      10,500.00
Rent Revenue      15,400.00
Interest Revenue
Interest Expense           360.00
Total Non Operating Expenses   $     25,540.00
Net Income $   119,600.00
Grizzlies, Inc.
Worksheet
For the Year Ended December 31, 2017
Unadjusted Adjusted
Trial Balance Adjustments Trial Balance Income Stmt Balance Sheet
Account Title Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Cash        36,000        36,000        36,000
Accounts Receivable      277,000      277,000      277,000
Inventory      242,500      242,500      242,500
Prepaid Insurance        11,200          4,200          7,000          7,000
Prepaid Rent          3,000          1,200          1,800          1,800
Store Supplies                -            2,100          2,100          2,100
Shop Supplies          7,500          3,600          3,900          3,900
Store Equipment      120,000      120,000      120,000
Accumulated Depreciation - Store Equipment        13,200        15,840        29,040        29,040
Office Equipment        32,000        32,000        32,000
Accumulated Depreciation - Office Equipment          2,550        10,200        12,750        12,750
Accounts Payable        49,000        49,000        49,000
Salaries Payable        10,800        10,800        10,800
Interest Payable             360             360             360
Utilities Payable          1,300          1,300          1,300
Unearned Consulting Revenue        14,000        10,500          3,500          3,500
Unearned Rent Revenue        16,800        15,400          1,400          1,400
Note Payable        18,000        18,000        18,000
Common Stock      300,000      300,000      300,000
Retained Earnings      189,350      189,350      189,350
Dividends        12,800        12,800        12,800
Sales Revenue 1,576,150 1,576,150 1,576,150
Consulting Revenue        10,500        10,500       10,500
Rent Revenue        15,400        15,400       15,400
Interest Revenue
Cost of Goods Sold      975,000      975,000      975,000
Sales Salaries Expense      275,000          7,560      282,560      282,560
Office Salaries Expense      150,000          3,240      153,240      153,240
Miscellaneous Administrative Expense          5,650          5,650          5,650
Miscellaneous Selling Expense        13,900        13,900        13,900
Depreciation Expense - Store Equipment        15,840        15,840        15,840
Depreciation Expense - Office Equipment        10,200        10,200        10,200
Store Supplies Expense        17,500          2,100        15,400        15,400
Shop Supplies Expense          3,600          3,600          3,600
Rent Expense          1,200          1,200          1,200
Insurance Expense          4,200          4,200          4,200
Interest Expense             360             360             360
Utilities Expense-Store          1,118          1,118          1,118
Utilities Expense-Office             182             182             182
2,179,050 2,179,050        75,500        75,500 2,217,550 2,217,550 1,482,450 1,602,050      735,100      615,500
Net Income      119,600      119,600
1,602,050 1,602,050      735,100      735,100

In: Accounting

Prioritize the departments at a healthcare organization, such as a hospital, in order of their importance...

Prioritize the departments at a healthcare organization, such as a hospital, in order of their importance to the revenue cycle.

In: Operations Management

On November 21st, Jerry's accounting firm collected $20,000 from John for work to be performed in...

On November 21st, Jerry's accounting firm collected $20,000 from John for work to be performed in the future. On December 10th, the accounting firm completed 60% of John's work. Assuming the beginning balance in the unearned revenue account was $0. What is the balance of the unearned revenue on December 10th after the transaction on November 21st and December 10th?

A) $12,000

B) none of these answers are correct

C) $8,000

D) $20,000

E)5,000

In: Accounting

24. The corner gas station sells cigarettes, facing a linear downward sloping demand curve. To maximize...

24. The corner gas station sells cigarettes, facing a linear downward sloping demand curve. To maximize
revenue, the manager set the price equal to 20 dollars and sold a quantity of 25 packs per day on
average. But to discourage smoking, the government just set a per-pack tax of 3 dollars, to be paid by
the buyer. Now, to maximize revenue, the manager will reduce quantity by [ Answer24 ] packs per
day on average.

In: Economics

This is a partial adjusted trial balance of Carla Vista Co.. CARLA VISTA CO. Adjusted Trial...

This is a partial adjusted trial balance of Carla Vista Co.. CARLA VISTA CO. Adjusted Trial Balance January 31, 2022 Debit Credit Supplies $780 Prepaid Insurance 1,620 Salaries and Wages Payable $1,030 Unearned Service Revenue 780 Supplies Expense 960 Insurance Expense 540 Salaries and Wages Expense 1,700 Service Revenue 4,020 Prepare the closing entries at January 31, 2022.

In: Accounting

Suppose that a Örm faces a demand curve that has a constant elasticity of 2.

Suppose that a Örm faces a demand curve that has a constant elasticity of 2. This demand curve is given by q = 256=P2. Suppose also that the

Örm has a marginal cost curve of the form MC = 0:001q.
a) Graph these demand and marginal cost curves.
b) Calculate the marginal revenue curve associated with the demand
curve; graph the curve.
c) At what output level does marginal revenue equal marginal cost?

In: Economics

When the government sets a ▼(maximum/ minimum) price that exceeds the equilibrium​ price, the result is...

When the government sets a ▼(maximum/ minimum) price that exceeds the equilibrium​ price, the result is permanent excess ▼ (supply/ demand). Producers will produce ▼ (less/more) and consumers buy ▼ (less/more).

For a perfectly competitive​ firm, marginal revenue equals price ▼(average cost/ marginal cost/ price), and to maximize​ profit, the firm produces the quantity of output at which ▼(marginal cost/ marginal revenue/ marginal cost) equals ▼ (price/ average cost)

In: Economics

The revenue of a notebook salesman is R(x)=0.01x^2+15x+100. X is measured in 10 notebooks and R(x)...

The revenue of a notebook salesman is R(x)=0.01x^2+15x+100. X is measured in 10 notebooks and R(x) is measured in hundreds of dollars.

Th cost is measured   C(x)=0.02x^2+5x

Calculate the profit function

Calculate the marginal revenue function

Calculate the marginal cost function

Calculate the average cost function

Calculate the marginal average cost function

Calculate the marginal profit function

In: Math

Q2: Consider the following scenario. A company that focuses on selling perfumes in small sales kiosks...

Q2:

Consider the following scenario.

A company that focuses on selling perfumes in small sales kiosks in Malls across the UAE has experienced a significant drop in revenue. Customers are approached by promoters with a standard sales pitch, and kiosks are positioned in areas assumed to be where majority of the footfall in the mall is. Propose two (2) strategies to assess how to investigate the reasons behind this drop in revenue. Ensure to detail and motivate your recommended strategies.

Explain.

In: Economics