解决方案模块一中审查讲稿.pdfVIP

SOLUTIONS–MODULEONE

(1-19)Mid-ModuleReview

Q1-7.Retainedearnings(reportedonthebalancesheet)isincreasedeachperiodbyanynet

incomeearnedduringtheperiod(asreportedintheincomestatement)anddecreasedeach

periodbythepaymentofdividends(asreportedinthestatementofcashflowsandthe

statementofstockholders’equity).Transactionsreflectedonthestatementofcashflows

linkthepreviousperiod’sbalancesheettothecurrentperiod’sbalancesheet.ing

cashbalanceappearsonboththebalancesheetandthestatementofcashflows.

M1-20($millions)

Assets=Liabilities+Equity

$17,849$10,557$7,292

BestBuyreceivesmoreofitsfinancingfromnonowners($10,557million)thanfromowners($7,292

million).Itsownerfinancingcomprises40.9%ofitstotalfinancing($7,292million/$17,849million).

E1-28($millions)

a.Usingtheaccountingequation:

Assets($63,186)=Liabilities($13,756)+Equity(?)

Thus:$49,430=Equity

High-techcompaniesmustcontendwithasubstantialamountofriskrelatingtochangingtechnology.

Futurecashflowsare,therefore,notascertainandcannotsupporthighlevelsofdebt.Thus,the

companyusesequityfinancing;78.2%inthecaseofIntel.

b.Usingtheaccountingequationatthebeginningoftheyear:

Assets($6,549)=Liabilities(?)+Equity($1,546)

Thus:BeginningLiabilities=$5,003

Usingtheaccountingequationatoftheyear:

Assets($6,549+$44)=Liabili