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Yuri [45]
3 years ago
12

Access the EDGAR database (SEC.gov) and obtain the July 2018 form 10K filing (for the year ended May 31, 2018) for NIKE, Inc.

Business
1 answer:
stich3 [128]3 years ago
5 0

<u>Solution and Explanation:</u>

Particulars                        2018  2017  2016

Revenues (a)                        36,397  34,350  32,376

Cost of sales (b)                20,441  19,038  17,045

Gross profit (c) = (a) - (b)  15,956  15,312  14,971

Gross margin ration

\text { (c) } /(a) * 100                           43.8%  44.6%  46.2%

Monetary 2018 Compared to Fiscal 2017  

For monetary 2018, our merged gross edge was 80 premise focuses lower than financial 2017, essentially mirroring the accompanying components:  

• Unfavorable changes in net outside cash trade rates, including supports (diminishing gross edge roughly 90 premise focuses);  

• Lower NIKE Direct edge (diminishing gross edge roughly 10 premise focuses) reflecting higher blend of off-value deals in the principal half of financial 2018, which was in part balanced by edge extension in the second 50% of monetary 2018;  

• NIKE Brand the maximum ASP, net of limits, on a discount proportionate premise, which was level for financial 2018 as higher limits in the principal half of monetary 2018 were counterbalanced by higher the maximum ASP in the second 50% of the year; and  

• NIKE Brand item costs, on a discount equal premise, which were level.  

<u>Financial 2017 Compared to Fiscal 2016  </u>

For financial 2017, our merged gross edge was 160 premise focuses lower than monetary 2016, basically determined by the accompanying elements:  

• Higher NIKE Brand the maximum ASP, net of limits, on a discount comparable premise (expanding gross edge around 70 premise focuses) lined up with our methodology to convey creative, premium items to the purchaser;  

• Higher NIKE Brand item costs (diminishing gross edge roughly 100 premise focuses) as an expansion in the blend of greater expense items and work input cost swelling more than balance lower material information costs;  

• Unfavorable changes in net remote money trade rates, including fences (diminishing gross edge around 90 premise focuses); and  

• Lower NIKE Direct edges (diminishing gross edge roughly 20 premise focuses) mirroring the effect of higher off-value deals.

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On January 1, Year 1, Young Company issued bonds with a face value of $108,000, a stated rate of interest of 10 percent, and a 1
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Answer:

Premium on the issue is $6,931

Bond interest expense is $10,343.79

Bond carrying value is $114,474.79

Explanation:

The premium on the day of issue is the bonds' cash proceeds less the face value.

Cash proceeds is $114,931

Face value is $108,000

Premium =$114,931-$108,000=$6,931

Interest expense at December year one is the cash proceeds from the bondholders multiplied by the bond yield to maturity of 9% as shown below

interest expense=$114,931*9%=$10,343.79  

The bond carrying value at the end of the year is the cash proceeds plus the interest expense less coupon payment as below:

Carrying value=$114,931+$10,343.79-($108,000*10%)=$114,474.79  

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A sporting equipment store expects to purchase $8,700 of ski boots in October. The store had $2,300 of ski boots in merchandise
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Answer:

The expected cost of goods sold for the month of October would be $9700

Explanation:

Formula for taking out cost of goods sold  (October) -

              BEGINNING INVENTORY

                               +

              PURCHASING  MADE

                               +

              ENDING INVENTORY

Available information -  beginning inventory = $2300

                                       purchase = $8700

                                       ending inventory =  $1300

Putting the values in the formula -

= $2300 + $8700 - $1300

= $9700

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3 years ago
Which of the following is mostly associated with the federal reserves role as the governments bank
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Indian currency value . and law and order RBI role
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3 years ago
The income statement for Splish Traveler Company shows cost of goods sold $307,000 and operating expenses (exclusive of deprecia
enyata [817]

Answer:

a. $349,700

b. $209,900

Explanation:

The computation is shown below:

Before computing the cash payment made to supplier first we have to find out the purchase amount which is shown below:

(a) Change in Finished goods + purchase = Cost of goods sold

-$25,800 + purchases = $307,000

So, the purchase is $332,800

Now

Cash paid to supplier is

= $332,800 + $16,900

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And,

(b) Cash paid for operating expenses is

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= $209,900

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3 years ago
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