The following information was taken from Jordan Corporation's SEC filings. Number of employees Revenues (in millions)...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following information was taken from Jordan Corporation's SEC filings. Number of employees Revenues (in millions) Properties (in thousands) Total assets (in millions) Company-owned stores Net earnings (in millions) October 1, 2017 327,000 38,387 $ $ Fiscal Year Ended 6,622 square feet 14,706 38,275 5,885 October 2, 2016 274,000 $ 37,316 6,577 square feet. $ 14,653 12,961 5,818 $ Required a. Indicate whether each line of information in the table above would best be described as being primarily financial accounting or managerial accounting in nature. c.&d. Based on the data identified as financial or managerial in nature from requirement (a), does it appear that Jordan's 2017 fiscal year was better or worse than its 2016 fiscal year? e. Calculate the revenue and earnings per employee and per thousand feet to determine which year (2017 or 2016) Jordan appeared to be using its facilities more efficiently. The following information was taken from Jordan Corporation's SEC filings. Number of employees Revenues (in millions) Properties (in thousands) Total assets (in millions) Company-owned stores Net earnings (in millions) October 1, 2017 327,000 38,387 $ $ Fiscal Year Ended 6,622 square feet 14,706 38,275 5,885 October 2, 2016 274,000 $ 37,316 6,577 square feet. $ 14,653 12,961 5,818 $ Required a. Indicate whether each line of information in the table above would best be described as being primarily financial accounting or managerial accounting in nature. c.&d. Based on the data identified as financial or managerial in nature from requirement (a), does it appear that Jordan's 2017 fiscal year was better or worse than its 2016 fiscal year? e. Calculate the revenue and earnings per employee and per thousand feet to determine which year (2017 or 2016) Jordan appeared to be using its facilities more efficiently.
Expert Answer:
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 9781259969508
9th Edition
Authors: Thomas P Edmonds, Philip R Olds
Posted Date:
Students also viewed these accounting questions
-
Assuming that R is the collection of all real numbers, the function f: R->R is defined as f(x) = e(-x-2). Show that f is continuously distributed on R.
-
The following information was taken from Starbucks Corporations 2011 and 2012 Form 10-Ks. Required a. Explain whether each line of information in the table above would best be described as being...
-
The following information was taken from GoPro, Inc.'s SEC filings: Fiscal Year Ended December 31, 2014 December 31, 2013 Number of...
-
Requests are not usually uniformly distributed. For example, a cylinder containing the file system FAT or in odes can be expected to be accessed more frequently than a cylinder that only contains...
-
Are there some things that should be done only by face-to-face teams, not virtual ones?
-
What is the purpose and importance of a statement of cash flows to business decision making?
-
On 31 March 2004, D Biggs, who prepares his financial statements to 31 March, bought a lorry on hire purchase from Truck Fleet Ltd. The cash price of the lorry was 61,620. Under the terms of the hire...
-
Given the project information below, what is the probability of completing the National Holiday Toy project in 93 timeunits? Critical Act. ID Description Predecessor 0ptm. (a Most likely (m) Pess....
-
On 1 January 2018, Gamma, Inc. paid $225,000 for a 20 percent interest in Subsidiary Corporation's common stock. This investee had assets with a book value of $890,000 and liabilities of $650,000. A...
-
As the manager of credit card services at Bank of Hanover (BOH), you're aware that the average profitability of a credit card customer grows with the number of years they have used the credit card....
-
The following unadjusted trial balance is for Ace Construction Company at its June 3 0 current fiscal year - end. The credit balance of the V . Ace, Capital account was $ 5 3 , 0 0 0 on June 3 0 of...
-
How would I go about calculating the impact of uncertain future inflation on NPV of a proposed ambulatory surgery center based on given levels of net patient revenue inflation and levels of cost...
-
1. [10] Find p1-p2, the pressure difference between the two arms of the manometer shown below. The left-hand liquid has a density of 700 kg/m, and the right-hand liquid has a density of 1000 kg/m. Pi...
-
Williams Academic Medical Center Balance Sheet December 31, 20X0 and 20X1 (in thousands) 20X1 Current assets Cash and cash equivalents Patient accounts receivables, net Inventories Other current...
-
Discuss how you can apply that concept of Classroom management in my teaching or professional life with four references
-
Since the federal securities laws were put into place, two main criticisms have persisted. First, some scholars have argued that regulators at the SEC, like all bureaucrats, do not pursue the public...
-
Graduate homework/Undergraduate extra credit: In the lab we talked about the average number of coin tosses it takes to observe the patterns 010 and 011 for the first time. For example, if we toss the...
-
Evaluate the integral, if it exists. Jo y(y + 1) dy
-
The following information was taken from Starbucks Corporation?s SEC filings. Required a. Explain whether each line of information in the preceding table would best be described as being primarily...
-
Obtain Berkshire Hathaways (Berkshire) Form 10-K for the year ended December 31, 2017, and complete the following requirements. To obtain the Form 10-K, you can use the EDGAR system (see Appendix A...
-
Elkins Corporations desired rate of return is 10 percent. Bristol Division, one of Elkins five investment centers, earned an operating income of $1,600,000 last year. The division controlled...
-
\(\sqrt{2,940}\) Simplify the square root by expressing it in lowest terms.
-
\(\sqrt{2,400}\) Simplify the square root by expressing it in lowest terms.
-
\(\sqrt{5,472}\) Simplify the square root by expressing it in lowest terms.
Study smarter with the SolutionInn App