Homework Answers
In the waterfall chart, the first and the last columns depict the absolute values of the given data. In the given case, the first and last columns of red chart and green chart represent the net income and cash position, respectively.
The columns in between represent the various factors which contribute to the changes in values between the first and last column.
Considering the above points, the questions are answered as follow:
1. Netflix's net income last year = 200mn
2. Netflix's net income this year = 600mn
3. Factor which contributed most in net income increase = more member
4. Netflix's beginning cash position = 1500mn
5. Netflix's ending cash position = 2900(approx)
6. Factor which contributed most in cash position = cash from issuing ne...(full name is not visible in the picture)
Note: The chart is made with an interval of 1000$, hence the chart needs to be scaled according to observation)
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Waterfall charts draw attention to factors that cause differences between amounts, such as the increase in...
Waterfall charts draw attention to factors that cause differences between amounts, such as the increase in...
Waterfall charts draw attention to factors that cause differences between amounts, such as the increase in a company's net income from last year to this year or the change in cash position between the beginning and end of this year. Shown below are waterfall charts for a hypothetical company named Newflix, which is similar to Netflix, Inc. Newflix's Net Income Changes $3,000 $2,500 $2,000 (in millions) 1 $ $1,500 $1,000 $500 $0 More More Last year's net income More m...
Please help me with this problem! Waterfall charts draw attention to factors that cause differences between...
Please help me with this problem!
Waterfall charts draw attention to factors that cause differences between amounts, such as the increase in a company's net income from last year to this year or the change in cash position between the beginning and end of this year. Shown below are waterfall charts for a hypothetical company named Newflix, which is similar to Netflix, Inc. Newflix's Net Income Changes $3,000 $2,500 $2,000 inmond $1.500 $1,000 $500 Last year's Morem net incomember income...
As consultants in advisory services at an accounting firm, weare hired by management of Gadberry...
As consultants in advisory services at an accounting firm, we
are hired by management of Gadberry to advise on cash flow
reporting. Management is concerned about the relatively small net
increase in cash, and how the company is doing compared to
competitors Nessly and Tootsey. The following Tableau Dashboard
will assist in our analysis.Gadberry (green) Operating Activities:
$40,000Nessly (Red) Investing Activites: $15,000Nessly (Orange) Financing: $25,000Tootsey (Green) Operating Activities:
$10,000Gadberry (Red) Investing Activities:
$(4,000)Gadberry (Orange) Financing Activities:
$(34,000)Nessly (Green) Operating Activites:...
First year net income under the accrual basis of acounting
In its first year of operations, Mary Corp. earned $48,000 in service revenue. Of that amount, $7,200 was on account and the remainder, $40,800, was collected in cash from customers.The company incurred various expenses totalling $30,300, of which $26,800 was paid in cash. At year end, $3,500 was still owing on account. In addition, Mary prepaid $2,000 for insurance coverage that covered the last half of the first year and the first half of the second year. Mary expects to owe $3,000 of income tax when it files its corporate income tax...
part b: Calculate the first year’s net income under the cash basis of accounting. Exercise 4-2...
part b: Calculate the first
year’s net income under the cash basis of accounting.
Exercise 4-2 (Part Level Submission) In its first year of operations, Athabasca Corp. earned $53,000 in service revenue. Of that amount, $8,400 was on account and the remainder, $44,600, was collected in cash from customers. The company incurred various expenses totalling $32,200, of which $28,700 was paid in cash. At year end, $3,500 was still owing on account. In addition, Athabasca prepaid $2,000 for insurance coverage...
Val’s Hair Emporium operates a hair salon. Its unadjusted trial balance as of December 31, 2018,...
Val’s Hair Emporium operates a hair salon. Its unadjusted trial
balance as of December 31, 2018, follows, along with information
about selected accounts.
Required Information [The following information applies to the questions displayed below.) Val's Hair Emporium operates a hair salon. Its unadjusted trial balance as of December 31, 2018, follows, along with information about selected accounts. Credit Account Names Cash Supplies Prepaid Rent Debit $ 4,800 5,300 9,000 Accounts Payable $ 2,000 Further Information As reported on December 31...
Exercise 4-2 (Part Level Submission) In its first year of operations, Athabasca Corp. earned $53,000 in...
Exercise 4-2 (Part Level Submission) In its first year of operations, Athabasca Corp. earned $53,000 in service revenue. Of that amount, $8,400 was on account and the remainder, $44,600, was collected in cash from customers. The company incurred various expenses totalling $32,200, of which $28,700 was paid in cash. At year end, $3,500 was still owing on account. In addition, Athabasca prepaid $2,000 for insurance coverage that covered the last half of the first year and the first half of...
Toxemia Salsa Corporation manufactures five flavors of salsa. Last year, Toxemia generated net operating income of...
Toxemia Salsa Corporation manufactures five flavors of salsa. Last year, Toxemia generated net operating income of $40,000. The following information was taken from last year's income statement segmented by flavor (brackets indicate a negative amount): Contribution margin Segment margin Allocated common fixed expenses Segment margin less allocated common fixed expenses Wimpy $ (2,000) $(16,000) $ 10,000 Mild $ 45,000 $ (5,000) $10,000 Medium $35,000 $7,000 $10,000 Hot $50,000 $10,000 $10,000 Atomie $162,000 $ 94,000 $10,000 $(26,000) $(15,000) $ (3,000) $...
Val’s Hair Emporium operates a hair salon. Its unadjusted trial balance as of December 31, 2018,...
Val’s Hair Emporium operates a hair salon. Its unadjusted trial
balance as of December 31, 2018, follows, along with information
about selected accounts.
Required Information [The following information applies to the questions displayed below.) Val's Hair Emporium operates a hair salon. Its unadjusted trial balance as of December 31, 2018, follows, along with information about selected accounts. Credit Account Names Cash Supplies Prepaid Rent Debit $ 4,800 5,300 9,000 Accounts Payable $ 2,000 Further Information As reported on December 31...
Help A statement of cash flows explains the differences between the beginning and ending balances of 0 Net Inc...
Help A statement of cash flows explains the differences between the beginning and ending balances of 0 Net Income 0 0 Cash Cash equivalents, and short term mements 0 Cash and cash equivalents 0 Working on The statement of cash flows is Multiple Choice Ο Another name for the statement of financial position Ο A financial statement that is the types and amounts of assets, labies and equity of a business on a specific date Ο O A financial statement...
Waterfall charts draw attention to factors that cause differences between amounts, such as the increase in a company's net income from last year to this year or the change in cash position between the beginning and end of this year. Shown below are waterfall charts for a hypothetical company named Newflix, which is similar to Netflix, Inc. Newflix's Net Income Changes $3,000 $2,500 $2,000 (in millions) 1 $ $1,500 $1,000 $500 $0 More More Last year's net income More m...
Please help me with this problem!
Waterfall charts draw attention to factors that cause differences between amounts, such as the increase in a company's net income from last year to this year or the change in cash position between the beginning and end of this year. Shown below are waterfall charts for a hypothetical company named Newflix, which is similar to Netflix, Inc. Newflix's Net Income Changes $3,000 $2,500 $2,000 inmond $1.500 $1,000 $500 Last year's Morem net incomember income...
As consultants in advisory services at an accounting firm, we
are hired by management of Gadberry to advise on cash flow
reporting. Management is concerned about the relatively small net
increase in cash, and how the company is doing compared to
competitors Nessly and Tootsey. The following Tableau Dashboard
will assist in our analysis.Gadberry (green) Operating Activities:
$40,000Nessly (Red) Investing Activites: $15,000Nessly (Orange) Financing: $25,000Tootsey (Green) Operating Activities:
$10,000Gadberry (Red) Investing Activities:
$(4,000)Gadberry (Orange) Financing Activities:
$(34,000)Nessly (Green) Operating Activites:...
part b: Calculate the first
year’s net income under the cash basis of accounting.
Exercise 4-2 (Part Level Submission) In its first year of operations, Athabasca Corp. earned $53,000 in service revenue. Of that amount, $8,400 was on account and the remainder, $44,600, was collected in cash from customers. The company incurred various expenses totalling $32,200, of which $28,700 was paid in cash. At year end, $3,500 was still owing on account. In addition, Athabasca prepaid $2,000 for insurance coverage...
Val’s Hair Emporium operates a hair salon. Its unadjusted trial
balance as of December 31, 2018, follows, along with information
about selected accounts.
Required Information [The following information applies to the questions displayed below.) Val's Hair Emporium operates a hair salon. Its unadjusted trial balance as of December 31, 2018, follows, along with information about selected accounts. Credit Account Names Cash Supplies Prepaid Rent Debit $ 4,800 5,300 9,000 Accounts Payable $ 2,000 Further Information As reported on December 31...
Exercise 4-2 (Part Level Submission) In its first year of operations, Athabasca Corp. earned $53,000 in service revenue. Of that amount, $8,400 was on account and the remainder, $44,600, was collected in cash from customers. The company incurred various expenses totalling $32,200, of which $28,700 was paid in cash. At year end, $3,500 was still owing on account. In addition, Athabasca prepaid $2,000 for insurance coverage that covered the last half of the first year and the first half of...
Toxemia Salsa Corporation manufactures five flavors of salsa. Last year, Toxemia generated net operating income of $40,000. The following information was taken from last year's income statement segmented by flavor (brackets indicate a negative amount): Contribution margin Segment margin Allocated common fixed expenses Segment margin less allocated common fixed expenses Wimpy $ (2,000) $(16,000) $ 10,000 Mild $ 45,000 $ (5,000) $10,000 Medium $35,000 $7,000 $10,000 Hot $50,000 $10,000 $10,000 Atomie $162,000 $ 94,000 $10,000 $(26,000) $(15,000) $ (3,000) $...
Val’s Hair Emporium operates a hair salon. Its unadjusted trial
balance as of December 31, 2018, follows, along with information
about selected accounts.
Required Information [The following information applies to the questions displayed below.) Val's Hair Emporium operates a hair salon. Its unadjusted trial balance as of December 31, 2018, follows, along with information about selected accounts. Credit Account Names Cash Supplies Prepaid Rent Debit $ 4,800 5,300 9,000 Accounts Payable $ 2,000 Further Information As reported on December 31...
Help A statement of cash flows explains the differences between the beginning and ending balances of 0 Net Income 0 0 Cash Cash equivalents, and short term mements 0 Cash and cash equivalents 0 Working on The statement of cash flows is Multiple Choice Ο Another name for the statement of financial position Ο A financial statement that is the types and amounts of assets, labies and equity of a business on a specific date Ο O A financial statement...
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