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SOLUTION MANUAL FOR FINANCIAL ACCOUNTING FOR MANAGERS 1ST EDITION BY WAYNE THOMAS AND DAVID SPICELAND AND MARK NELSON $19.99   Add to cart

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SOLUTION MANUAL FOR FINANCIAL ACCOUNTING FOR MANAGERS 1ST EDITION BY WAYNE THOMAS AND DAVID SPICELAND AND MARK NELSON

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  • FINANCIAL ACCOUNTING 1st Ed By Wayne

SOLUTION MANUAL FOR FINANCIAL ACCOUNTING FOR MANAGERS 1ST EDITION BY WAYNE THOMAS AND DAVID SPICELAND AND MARK NELSON CHAPTER 1 A FRAMEWORK FOR FINANCIAL ACCOUNTING REAL WORLD PERSPECTIVES RWP1-1 EDGAR Nike (ticker: NKE) Requirement 1 a. $23,717 million b. $9,040 million c. Total liabilities = Tota...

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  • November 10, 2024
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  • FINANCIAL ACCOUNTING 1st ed by wayne
  • FINANCIAL ACCOUNTING 1st ed by wayne
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SOLUTION MANUAL FOR
FINANCIAL ACCOUNTING FOR MANAGERS 1ST EDITION BY WAYNE THOMAS
AND DAVID SPICELAND AND MARK NELSON


CHAPTER 1 HN




HN A FRAMEWORK FOR FINANCIAL ACCOUNTING
HN HN HN HN




HN REAL WORLD PERSPECTIVES HN HN




RWP1-1 EDGAR Nike (ticker: NKE)
HN HN HN HN




Requirement 1 HN




a. $23,717 million HN




b. $9,040 million HN




c. Total liabilities = Total assets – total shareholder’s equity
HN HN HN HN HN HN HN HN




$23,717 – $9,040 = $14,677 million
HN HN HN HN HN




Requirement 2 HN




a. $39,117 million. Revenue increased from the previous year.
HN HN HN HN HN HN HN




b. $4,029 million. Net income increased from the previous year.
HN HN HN HN HN HN HN HN




Requirement 3 HN




a. Operating cash flow = $5,903 million. Operating cash flow was more positive
HN HN HN HN HN HN HN HN HN HN HN




than the previous year.
HN HN HN




b. Investing cash flow = −$264 million. Investing cash flow went from positive tone
HN HN HN HN HN HN HN HN HN HN HN HN H
N




gative from the previous year.
HN HN HN HN




c. Financing cash flow = −$5,293 million. Financing cash flow was more negative
HN HN HN HN HN HN HN HN HN HN HN




than the previous year.
HN HN HN




RWP1-2 EDGAR Netflix Inc (ticker: NFLX)
HN HN HN HN HN




Requirement 1 HN




a. Average paying membership increased by 23% and average monthly revenue per
HN HN HN HN HN HN HN HN HN HN




paying membership increased by 5%.
HN HN HN HN




b. $2,795,434 / $20,156,447 = 13.9% HN HN HN HN




c. $2,652,462, 13% of revenues HN HN HN




Requirement 2 HN




a. $9,801,215 / $24,504,567 = 40% HN HN HN HN




b. $33,141 million HN




©McGraw Hill LLC. All rights reserved. No reproduction or further distribution permitted without the prior written consent of McGraw Hill LLC
HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN




Solutions Manual, Chapter
HN H N HN 5-1
5

,©McGraw Hill LLC. All rights reserved. No reproduction or further distribution permitted without the prior written consent of McGraw Hill L
HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN




LC
5-2 Financial Accounting for Managers
HN HN HN

,Requirement 3 HN




a. $20,723,441. Long-term debt went up from the previous year. H N HN HN HN HN HN HN HN




b. $736,969

Requirement 4 HN




9%

Requirement 5 HN




a. Ernst & Young LLP HN HN HN




b. Yes



RWP1-3 EDGAR General Mills Inc. (ticker: GIS) HN HN HN HN HN HN




Requirement 1 HN




First Quarter. HN




Requirement 2 HN




August 26, 2018. The same quarter of last year is used as the comparison quarter.
HN HN H N HN HN HN HN HN HN HN HN HN HN HN




Requirement 3 HN




The quarterly report includes 15 notes.
HN HN HN HN HN




RWP1-4 EDGAR Nordstrom Inc. (ticker: JWN) HN HN HN HN HN




Requirement 1 HN




The COVID-19 pandemic.
HN HN




Requirement 2 HN




On March 23, 2020, the Company announced that it would be taking several steps in an abundanceo
HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN N
H




f caution to proactively strengthen its financial flexibility and navigate through this unprecedentedsit
HN HN HN HN HN HN HN HN HN HN HN HN N
H




uation. Specifically, the Company suspended its quarterly dividend beginning in the second quarter
HN HN HN HN HN HN HN HN HN HN HN HN HN




of 2020, drew down $800 million on its Revolving Credit Facility, targeted further reductions of mo
HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN




re than $500 million in operating expenses, capital expenditures, and working capital, and suspende
HN HN HN HN HN HN HN HN HN HN HN HN HN




d share repurchases.
HN HN




©McGraw Hill LLC. All rights reserved. No reproduction or further distribution permitted without the prior written consent of McGraw Hill LLC
HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN




Solutions Manual, Chapter HN H N HN 5-3
5

, RWP1-5 Financial Analysis: American Eagle HN HN HN HN




($ in thousands)
HN HN




Requirement 1 HN




Total assets HN = $3,328,679
HN




Total liabilities HN




= $2,080,826
HN N
H




Stockholders’ equity HN = $1,247,853
HN




Assets = Liabilities + Stockholders’ Equity HN




$3,328,679 = $2,080,826 + $1,247,853

Requirement 2 HN




Consolidated Statements of Operations HN HN HN




Requirement 3 HN




Net sales HN = $4,308,212
HN




Net income HN = $191,257
HN




Requirement 4 HN




Inflows Outflows
Investing activities HN Sale of available-for-sale HN HN Capital expenditures for HN HN




investments property and equipment HN HN




Financing activities HN Net proceeds from stock HN HN HN N
H Repurchase of common stock HN HN HN




options exercised HN




Requirement 5 HN




The company’s auditor is Ernst & Young LLP.
HN HN HN HN HN HN HN




The auditor states, ―We have audited the accompanying consolidated balance sheets of American Ea
HN HN HN HN HN HN HN HN HN HN HN HN HN




gle Outfitters, Inc. (the Company) as of February 1, 2020 and February 2, 2019, the related consolida
HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN




ted statements of operations, comprehensive income, stockholders’ equity and cash flows for each of
HN HN HN HN HN HN HN HN HN HN HN HN HN H




the three years in the period ended February 1, 2020, and the related notes (collectively referred to as
N HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN




the ―consolidated financial statements‖). In our opinion, the consolidated financial statements presen
HN HN HN HN HN HN HN HN HN HN HN HN




t fairly, in all material respects, the financial position of the Company at February 1, 2020 and Febru
HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN




ary 2, 2019, and the results of its operations and its cash flows for each of the threeyears in the period
HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN N
H HN HN HN HN




ended February 1, 2020, in conformity with U.S. generally accepted accounting principles.‖
HN HN HN HN HN HN HN HN HN HN HN




©McGraw Hill LLC. All rights reserved. No reproduction or further distribution permitted without the prior written consent of McGraw Hill L
HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN HN




LC
5-4 Financial Accounting for Managers HN HN HN

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