Solution Manual For Financial Accounting for Managers 1st Edition By Wayne Thomas

SOLUTION MANUAL FOR n n



FINANCIAL ACCOUNTING FOR MANAGERS n n n



1ST EDITION BY WAYNE THOMASAND
n n n n n n



DAVID SPICELAND AND MARK NELSON
n n n n n




CHAPTER 1 n




n A FRAMEWORK FOR FINANCIAL ACCOUNTING
n n n n




n REAL WORLD PERSPECTIVES
n n




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




Requirement n1
a. $23,717 nmillion
b. $9,040 nmillion
c. Total nliabilities n= nTotal nassets n– ntotal nshareholder’s
n equity

$23,717 n– n$9,040 n= n$14,677 nmillion

Requirement n2
a. $39,117 nmillion. nRevenue nincreased nfrom nthe nprevious
nyear.

b. $4,029 nmillion. nNet nincome nincreased nfrom nthe
nprevious nyear.




Requirement n3
a. Operating ncash nflow n= n$5,903 nmillion. nOperating ncash nflow nwas nmore
npositive

than nthe nprevious nyear.
b. Investing ncash nflow n= n−$264 nmillion. nInvesting ncash nflow nwent nfrom
npositive nton
negative nfrom nthe nprevious nyear.
c. Financing ncash nflow n= n−$5,293 nmillion. nFinancing ncash nflow nwas nmore
nnegative

than nthe nprevious nyear.



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




Requirement n1
a. Average npaying nmembership nincreased nby n23% nand naverage nmonthly
nrevenue nper
©McGraw nHill nLLC. n All nrights nreserved. nNo nreproduction nor nfurther ndistribution npermitted nwithout nthe nprior nwritten nconsent nof
nMcGraw nHill
Solutions nLLC
nManual, 5-1
n Chapter n 5

, paying nmembership nincreased nby n5%.

b. $2,795,434 n/ n$20,156,447 n= n13.9%
c. $2,652,462, n13% nof nrevenues

Requirement n2
a. $9,801,215 n/ n$24,504,567 n=
n40%

b. $33,141 nmillion




©McGraw nHill nLLC. nAll nrights nreserved. nNo nreproduction nor nfurther ndistribution npermitted nwithout nthe nprior nwritten nconsent nof
nMcGraw nHill nLLC
5-2 Financial nAccounting nfor
nManagers

,©McGraw nHill nLLC. n All nrights nreserved. nNo nreproduction nor nfurther ndistribution npermitted nwithout nthe nprior nwritten nconsent nof
nMcGraw nHill
Solutions nLLC
nManual, 5-3
n Chapter n 5

, Requirement n3
a. $20,723,441. n Long-term ndebt nwent nup nfrom nthe
nprevious nyear.

b. $736,969

Requirement n4
9%

Requirement n5
a. Ernst n& nYoung
nLLP

b. Yes




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


Requirement n1
First nQuarter.

Requirement n2
August n26, n2018. n The nsame nquarter nof nlast nyear nis nused nas nthe ncomparison nquarter.

Requirement n3
The nquarterly nreport nincludes n15 nnotes.




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




Requirement n1
The nCOVID-19 npandemic.

Requirement n2
On nMarch n23, n2020, nthe nCompany nannounced nthat nit nwould nbe ntaking nseveral nsteps nin
nan nabundancen of ncaution nto nproactively nstrengthen nits nfinancial nflexibility nand nnavigate
nthrough nthis nunprecedented n situation. nSpecifically, nthe nCompany nsuspended nits
nquarterly ndividend nbeginning nin nthe nsecond nquarter nof n2020, ndrew ndown n$800 nmillion


non nits nRevolving nCredit nFacility, ntargeted nfurther nreductions nof nmore nthan n$500

nmillion nin noperating nexpenses, ncapital nexpenditures, nand nworking ncapital, n and

nsuspended nshare nrepurchases.




©McGraw nHill nLLC. nAll nrights nreserved. nNo nreproduction nor nfurther ndistribution npermitted nwithout nthe nprior nwritten nconsent nof
nMcGraw nHill nLLC
5-4 Financial nAccounting nfor
Managers
n