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SOLUTION MANUAL FOR FINANCIAL ACCOUNTING FOR MANAGERS 1ST EDITION BY WAYNE THOMAS AND DAVID SPICELAND AND MARK NELSON $11.49   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 FOR MANAGERS
  • Institution
  • FINANCIAL ACCOUNTING FOR MANAGERS

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

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  • November 7, 2024
  • 836
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • FINANCIAL ACCOUNTING FOR MANAGERS
  • FINANCIAL ACCOUNTING FOR MANAGERS
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STUVATE
SOLUTION MANUAL FOR x x ! ! x x ! !




FINANCIAL ACCOUNTING FOR MANAGERS 1ST EDITION BY WAYNE xx!! xx!! xx!! xx!! xx!! xx!! xx!!



THOMASAND DAVID SPICELAND AND MARK NELSON
xx!! x! xx!! xx!! xx!! xx!! xx!!




CHAPTER 1 xx!!




xx!! A FRAMEWORK FOR FINANCIAL ACCOUNTING
xx!! xx!! xx!! xx!!




xx!! REAL WORLD PERSPECTIVES xx!! xx!!




RWP1-1 EDGAR Nike (ticker: NKE) xx!! xx!! xx!! xx!!




Requirement 1 xx!!



a. $23,717 million xx!!



b. $9,040 million xx!!



c. Total liabilities = Total assets – total shareholder’s
xx!! xx!! xx!! xx!! xx!! xx!! xx!!



equity xx!!



$23,717 – $9,040 = $14,677 million xx!! xx!! xx!! xx!! xx!!




Requirement 2 xx!!



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



b. $4,029 million. Net income increased from the previous
xx!! xx!! xx!! xx!! xx!! xx!! xx!!



year. xx!!




Requirement 3 xx!!



a. Operating cash flow = $5,903 million. Operating cash flow was more
xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!!



positive
xx!!



than the previous year. xx!! xx!! xx!!



b. Investing cash flow = −$264 million. Investing cash flow went from positive
xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!!



tonegative from the previous year.
xx!! x! xx!! xx!! xx!! xx!!



c. Financing cash flow = −$5,293 million. Financing cash flow was more
xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!!



negative
xx!!



than the previous year. xx!! xx!! xx!!




RWP1-2 EDGAR Netflix Inc (ticker: NFLX) xx!! xx!! xx!! xx!! xx!!




Requirement 1 xx!!



a. Average paying membership increased by 23% and average monthly revenue
xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!!



per xx!!



paying membership increased by 5%. xx!! xx!! xx!! xx!!



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



c. $2,652,462, 13% of revenues xx!! xx!! xx!!




Requirement 2 xx!!


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


McGraw Hill
Solutions
xx!! LLC
Manual, xx!!
xx!! xx!! 5-1
x x ! ! Chapter 5 xx !!

, a. $9,801,215 / $24,504,567 = xx!! xx!! xx!!



40%
xx!!



b. $33,141 million xx!!




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


McGraw Hill LLC
5-2
xx!! xx!! xx!! Financial Accounting for xx!! xx!!


Managers
xx!!

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


McGraw Hill
Solutions
xx!! LLC
Manual,
xx!!
xx!! xx!! 5-3
x x ! ! Chapter 5 xx !!

, Requirement 3 xx!!



a. $20,723,441. x x ! ! Long-term debt went up from the previous xx!! xx!! xx!! xx!! xx!! xx!!



year. xx!!



b. $736,969

Requirement 4 xx!!



9%

Requirement 5 xx!!



a. Ernst & Young LLP xx!! xx!! xx!!



b. Yes



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



Requirement 1 xx!!



First Quarter.xx!!




Requirement 2 xx!!



August 26, 2018. xx!! xx!! x x ! ! The same quarter of last year is used as the comparison quarter.
xx!! xx!! xx!! xx!! xx!! x x !! xx!! xx!! xx!! xx!! xx!!




Requirement 3 xx!!



The quarterly report includes 15 notes.
xx!! xx!! xx!! xx!! xx!!




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




Requirement 1 xx!!



The COVID-19 pandemic.
xx!! xx!!




Requirement 2 xx!!



On March 23, 2020, the Company announced that it would be taking several steps in an
xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!!



abundanceof caution to proactively strengthen its financial flexibility and navigate through this
xx!! x! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!!



unprecedentedsituation. Specifically, the Company suspended its quarterly dividend beginning
xx!! x! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!!



in the second quarter of 2020, drew down $800 million on its Revolving Credit Facility,
xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!!



targeted further reductions of more than $500 million in operating expenses, capital
xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!!



expenditures, and working capital, and suspended share repurchases.
xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!!




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


McGraw Hill LLC
5-4
xx!! xx!! xx!! Financial Accounting for xx!! xx!!


Managers
xx!!

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