1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
erica [24]
3 years ago
6

Target Corporation prepares its financial statements according to U.S. GAAP. Target’s financial statements and disclosure notes

for the year ended January 30, 2016, are available in the Connect. This material also is available under the Investor
1. What amounts did Target report for the following items for the year ended January 30, 2016?
b) Income from current operations
c) Net income or net loss
d) Total assets
e) Total equity
2) What was Target’s basic earnings per share for the year ended January 30, 2016?
Why do you think Target has chosen to have its fiscal year end on January 30, as opposed to December 31?
3) Regarding Target’s audit report:
Who is Target’s auditor?
Did Target receive a "clean" (unmodified) audit opinion?
Business
1 answer:
Mandarinka [93]3 years ago
7 0

Answer:

1. What amounts did Target report for the following items for the year ended January 30, 2016?

b) Income from current operations

$2,669 million

c) Net income or net loss

$2,737 million

d) Total assets

$37,431 million

e) Total equity

$10,953

2) What was Target’s basic earnings per share for the year ended January 30, 2016?

$4.74 per share

Why do you think Target has chosen to have its fiscal year end on January 30, as opposed to December 31?

I guess that Christmas Holiday season is very important for them and a large percentage of their revenue is generated during November and December. It reports at the end of January to have time to consolidate its financial statements.

3) Regarding Target’s audit report:

Who is Target’s auditor?

Ernst & Young  

Did Target receive a "clean" (unmodified) audit opinion?

yes, it did

You might be interested in
1. What does it mean to set up an “automatic deposit” and why is this a good savings strategy?
Andrews [41]

Answer:

an automatic deposit will put a set amount of money away into savings without you having to do it that way you will not have to worry about it and won't be tempted to spend it instead of saving it. it's a good strategy because it eliminates that temptation and makes it so much easier to save without falling off track

3 0
3 years ago
Because costs and benefits are both subjective, a person's cost-benefit analysis will always be based on what?
Allisa [31]

Answer: his or her unique values and benefits

Explanation: I just got it right

4 0
3 years ago
Read 2 more answers
In 2019, Laureen is currently single. She paid $2,800 of qualified tuition and related expenses for each of her twin daughters S
Anastaziya [24]

Answer:

Answers below

Explanation:

a) Laureen's AGI - $45,000

For 2 daughter - AOTC is - (2000*2child)+(800*25%+2child)

=4000+400

=4400

For Ryan - 1900

AOTC - 6300

Laureen lifetime learning credit - Eligible is 2000 (The amount of the credit is 20 percent of the first $10,000 of qualified education expenses or a maximum of $2,000 per return)

so in above case it is - 1200*20% =240 (Since AGI is below clip of 56000 he can claim same)

=6300+240 = 6540 is eligible deduction

b)

Since AGI is 95000

AOTC can't be calimed if AGI is above 90000 and hence AOTC is zero and Lifetime learning credit can't be claimed if AGI is above 56000.. Hence it is zero education credit

c)

For Daughter it is same as a above i.e. 4,400

For Ryan it is = 2000+(10000*25%) or maximum 4000

=2000+2500 or 4000

so 4000 is allowed

so AOTC total of 8400 and LLC of 240 so claimed is 8640

3 0
4 years ago
Tim buys a house from Betty in 2011 for $200,000. Betty receives $185,000 and $15,000 goes to Mary, the real-estate agent. Betty
Step2247 [10]

Answer:

$15,000 

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

When calculating GDP, only items produced in the current year are added. The house had been sold in 2007. Adding the sale to the GDP in 2011 would lead to double counting.

It's only the amount paid to the agent that would be added to GDP.

I hope my answer helps you

5 0
3 years ago
(blank1) is a writer’s early attempt at writing a full message. It is rough and can’t be (blank2) until it is revised and edited
Rufina [12.5K]

Answer:

the answer is g because i jut got the answer correct and because im smart

Explanation:

6 0
2 years ago
Other questions:
  • Neuman Corporation Convertible Bonds The following data apply to Neuman Corporation's convertible bonds: Maturity: 10 Stock pric
    15·1 answer
  • The ________ allows a company to capture the highest economies of scale.
    12·1 answer
  • Which of the following describes the results of an increase in supply on price and quintity in the market?
    9·1 answer
  • Earleton Manufacturing Company has $2 billion in sales and $600,000,000 in fixed assets. Currently, the company's fixed assets a
    10·1 answer
  • In a perfectly competitive industry, the existence of positive economic profits induces firms to _______ (enter / exit) an indus
    13·1 answer
  • When projecting future cash flows of an investment​ ________. A. the initial investment is a significant cash outflow that is tr
    13·1 answer
  • Brittany has the right when her child is born to take one full year of leave with two-thirds of her pay, and there is substantia
    12·1 answer
  • It announces that it plans to pay dividends of $1 per share exactly three years from now and $2 per share exactly four years fro
    6·1 answer
  • For a​ manufacturer, the budgeted income​ statement________. A. does not include depreciation expense B. is​ accrual-based C. in
    11·1 answer
  • Karen is buying a new laptop. She is looking for a light-weight computer. The laptop she purchases is a little heavier than she
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!