Homework Answers
ANS 7
| Increase in Net Income | ||||
| 3 month ended | 6 month ended | |||
| June,30,2018 | June,30,2017 | June,30,2018 | June,30,2018 | |
| Net Income | $ 79,839 | $ 50,685 | $ 104,925 | $ 74,954 |
| Increase in terms of $'s | $ 29,154 | $ 29,971 | ||
| Increase in terms of percent | 58% | 40% | ||
ANS 8
As per above workings, increase in net income was due to an increase in total revenues, other incomes, along with decrease expenses. The major impact is of Tax rate,which is decreasing as increase in income.
ANS 9
| Increase in Net Income | ||||
| 3 month ended | 6 month ended | |||
| June,30,2018 | June,30,2017 | June,30,2018 | June,30,2018 | |
| Net Income | $ 79,839 | $ 50,685 | $ 104,925 | $ 74,954 |
| Total Revenues | $ 295,441 | $ 261,016 | $ 504,835 | $ 449,884 |
| Profit Margin | 27% | 19% | 21% | 17% |
ANS 10 and ANS 11 Not provided Complete Information
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Consolidated Statements of Income- USD (S) $ in Thousands 3 Months Ended 6 Months Ended Jun....
Consolidated Statements of Income- USD (S) $ in Thousands 3 Months Ended 6 Months Ended Jun....
Consolidated Statements of Income- USD (S) $ in Thousands 3 Months Ended 6 Months Ended Jun. 30, 2018 Jun. 30, 2017 2018 2017 REVENUES 103,219 $ s $91,599 5,728 $159,893 11,534 ees 179,917 Initial franchise and relicensing fees Procurement services Marketing and reservation 6,481 12,695 17,833 14,372 157,347 140,477 27,771 21,735 239,330 264,348 10,561 20,104 17,392 Total revenues OPERATING EXPENSES Selling, general and administrative Depreciation and Marketing and reservation 295,441 261,016 46,270 44,038 1,659 504,835 87,134 6,722 449,884 $54,951 77,783...
Consolidated Statements of Income- USD (S) $ in Thousands 3 Months Ended 6 Months Ended Jun....
Consolidated Statements of Income- USD (S) $ in Thousands 3 Months Ended 6 Months Ended Jun. 30, 2018 Jun. 30, 2017 2018 2017 REVENUES 103,219 $ s $91,599 5,728 $159,893 11,534 ees 179,917 Initial franchise and relicensing fees Procurement services Marketing and reservation 6,481 12,695 17,833 14,372 157,347 140,477 27,771 21,735 239,330 264,348 10,561 20,104 17,392 Total revenues OPERATING EXPENSES Selling, general and administrative Depreciation and Marketing and reservation 295,441 261,016 46,270 44,038 1,659 504,835 87,134 6,722 449,884 $54,951 77,783...
Consolidated Statements of Cash Flows - USD ($) $ in Thousands 6 Months Ended Jun. 30,...
Consolidated Statements of Cash Flows - USD ($) $ in Thousands 6 Months Ended Jun. 30, 2018 Jun. 30, 2017 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 104,925 $ 74,954 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 6,722 3,385 Depreciation and amortization – marketing and reservation system 10,048 10,157 Franchise agreement acquisition cost amortization 4,375 3,305 Loss (gain) on disposal of assets (82) 4 Provision for bad debts, net 4,356 1,707...
12 Months Ended Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions...
12 Months Ended Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions Jan. 31, Jan. 31, You Must Use Excel Formulas in Yellow Boxes 2018 2017 Revenues: Horizontal Horizontal Dollar Value Percent $495,761 $481,317 Net sales Membership and other income 4,582 4,556 Total revenues 500,343 485,873 Costs and expenses: Cost of sales Gross Profit Operating, selling, general and 373,396 361,256 126,947 124,617 106,510 101,853 administrative expenses 20,437 22,764 Operating income Interest: Debt Capital lease and financing...
12 Months Ended Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions...
12 Months Ended Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions Jan. 31, 2018 Jan. 31, 2017 $ 495,761 4,582 500,343 0 $ 481,317 0 4,556 0 485,873 373,396 106,510 0 0 361,256 101,853 20,437 o 22,764 3Revenues: Net sales 5 Membership and other income 5 Total revenues Costs and expenses: Cost of sales Operating, selling, general and administrative expenses 10 Operating income 11 Interest: -2 Debt 3 Capital lease and financing obligations 4 Interest...
12 Months Ended Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions...
12 Months Ended Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions Jan. 31, 2018 Jan. 31, 2017 $495,761 4,582 500,343 0 0 $481,317 4 ,556 0 485,873 373,396 106,510 0 o 361,256 101,853 20,437 22,764 Revenues: Net sales Membership and other income Total revenues Costs and expenses: Cost of sales Operating, selling, general and administrative expenses 0 Operating income 1 Interest: 2 Debt 3 Capital lease and financing obligations 4 Interest income 5 Interest, net...
Where did the cash go? 6 Months Ended Consolidated Statements of Cash Flows-USD (S) $ in...
Where did the cash go?
6 Months Ended Consolidated Statements of Cash Flows-USD (S) $ in Thousands Jun. 30, 2018 Jun. 30, 2017 CASH FLOWS FROM OPERATING ACTIVITIES: Net income Adjustments to reconcile net income to net cash provided by operating actvities: Depreciation and amortization Depreciation and amortization-marketing and reservation system Franchise agreement acquisition cost amortization Loss (gain) on disposal of assets Provision for bad debts, net Non-cash stock compensa Non-cash interest and other(income) loss Deferred income taxes Equity in...
12 Months Ended Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions...
12 Months Ended Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions Jan. 31, 2018 Jan. 31, 2017 99.08% 0 $ 495,761 4,582 500,343 $ 481,317 4,556 485,873 99.06% 0.94% 0 373,396 106,510 0 o 361,256 101,853 20,437 22,764 3 Revenues: 4 Net sales 5 Membership and other income 6 Total revenues 7 Costs and expenses: 8 Cost of sales Operating, selling, general and administrative 9 expenses 10 Operating income 11 Interest: 12 Debt 13 Capital...
12 Months Ended Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions...
12 Months Ended Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions Dec. 31, 2017 Dec. 31, 2016 Use Excel Formulas in Yellow Sheets $ 118,573 $ 94,665 59,293 41,322 177,866 135,987 Income Statement(Abstract) Net product sales 5 Net service sales 5 Total net sales 7 Operating expenses: B Cost of sales 9 Gross Profit 10 Fulfillment 11 Marketing 12 Technology and content 13 General and administrative 14 Other operating expense, net 15 Total operating expenses...
INCOME STATEMENTS - USD (5) 12 Months Ended shares in Million, 5 in Millione Jun 2020...
INCOME STATEMENTS - USD (5) 12 Months Ended shares in Million, 5 in Millione Jun 2020 Jun 30, 2019 Jun 30, 2018 Raven 5140.015 $125 13 51500 Costafree 8095 42.910 38.353 Grossman 98937 82.933 72.007 Research and development 192 18818 14720 16213 17 400 General and native 5.111 4754 Operating income One income nel 77 1416 Income before income 50.00 43.688 414 Provision for income taxes 8.755 48 19.03 144281 39920 N $9.51 Earnings per shares 55.12 55.11 5215 3578...
Consolidated Statements of Income- USD (S) $ in Thousands 3 Months Ended 6 Months Ended Jun. 30, 2018 Jun. 30, 2017 2018 2017 REVENUES 103,219 $ s $91,599 5,728 $159,893 11,534 ees 179,917 Initial franchise and relicensing fees Procurement services Marketing and reservation 6,481 12,695 17,833 14,372 157,347 140,477 27,771 21,735 239,330 264,348 10,561 20,104 17,392 Total revenues OPERATING EXPENSES Selling, general and administrative Depreciation and Marketing and reservation 295,441 261,016 46,270 44,038 1,659 504,835 87,134 6,722 449,884 $54,951 77,783...
Consolidated Statements of Income- USD (S) $ in Thousands 3 Months Ended 6 Months Ended Jun. 30, 2018 Jun. 30, 2017 2018 2017 REVENUES 103,219 $ s $91,599 5,728 $159,893 11,534 ees 179,917 Initial franchise and relicensing fees Procurement services Marketing and reservation 6,481 12,695 17,833 14,372 157,347 140,477 27,771 21,735 239,330 264,348 10,561 20,104 17,392 Total revenues OPERATING EXPENSES Selling, general and administrative Depreciation and Marketing and reservation 295,441 261,016 46,270 44,038 1,659 504,835 87,134 6,722 449,884 $54,951 77,783...
12 Months Ended Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions Jan. 31, Jan. 31, You Must Use Excel Formulas in Yellow Boxes 2018 2017 Revenues: Horizontal Horizontal Dollar Value Percent $495,761 $481,317 Net sales Membership and other income 4,582 4,556 Total revenues 500,343 485,873 Costs and expenses: Cost of sales Gross Profit Operating, selling, general and 373,396 361,256 126,947 124,617 106,510 101,853 administrative expenses 20,437 22,764 Operating income Interest: Debt Capital lease and financing...
12 Months Ended Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions Jan. 31, 2018 Jan. 31, 2017 $ 495,761 4,582 500,343 0 $ 481,317 0 4,556 0 485,873 373,396 106,510 0 0 361,256 101,853 20,437 o 22,764 3Revenues: Net sales 5 Membership and other income 5 Total revenues Costs and expenses: Cost of sales Operating, selling, general and administrative expenses 10 Operating income 11 Interest: -2 Debt 3 Capital lease and financing obligations 4 Interest...
12 Months Ended Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions Jan. 31, 2018 Jan. 31, 2017 $495,761 4,582 500,343 0 0 $481,317 4 ,556 0 485,873 373,396 106,510 0 o 361,256 101,853 20,437 22,764 Revenues: Net sales Membership and other income Total revenues Costs and expenses: Cost of sales Operating, selling, general and administrative expenses 0 Operating income 1 Interest: 2 Debt 3 Capital lease and financing obligations 4 Interest income 5 Interest, net...
Where did the cash go?
6 Months Ended Consolidated Statements of Cash Flows-USD (S) $ in Thousands Jun. 30, 2018 Jun. 30, 2017 CASH FLOWS FROM OPERATING ACTIVITIES: Net income Adjustments to reconcile net income to net cash provided by operating actvities: Depreciation and amortization Depreciation and amortization-marketing and reservation system Franchise agreement acquisition cost amortization Loss (gain) on disposal of assets Provision for bad debts, net Non-cash stock compensa Non-cash interest and other(income) loss Deferred income taxes Equity in...
12 Months Ended Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions Jan. 31, 2018 Jan. 31, 2017 99.08% 0 $ 495,761 4,582 500,343 $ 481,317 4,556 485,873 99.06% 0.94% 0 373,396 106,510 0 o 361,256 101,853 20,437 22,764 3 Revenues: 4 Net sales 5 Membership and other income 6 Total revenues 7 Costs and expenses: 8 Cost of sales Operating, selling, general and administrative 9 expenses 10 Operating income 11 Interest: 12 Debt 13 Capital...
12 Months Ended Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions Dec. 31, 2017 Dec. 31, 2016 Use Excel Formulas in Yellow Sheets $ 118,573 $ 94,665 59,293 41,322 177,866 135,987 Income Statement(Abstract) Net product sales 5 Net service sales 5 Total net sales 7 Operating expenses: B Cost of sales 9 Gross Profit 10 Fulfillment 11 Marketing 12 Technology and content 13 General and administrative 14 Other operating expense, net 15 Total operating expenses...
INCOME STATEMENTS - USD (5) 12 Months Ended shares in Million, 5 in Millione Jun 2020 Jun 30, 2019 Jun 30, 2018 Raven 5140.015 $125 13 51500 Costafree 8095 42.910 38.353 Grossman 98937 82.933 72.007 Research and development 192 18818 14720 16213 17 400 General and native 5.111 4754 Operating income One income nel 77 1416 Income before income 50.00 43.688 414 Provision for income taxes 8.755 48 19.03 144281 39920 N $9.51 Earnings per shares 55.12 55.11 5215 3578...
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