Team 3 Risa Miyake Ryley Bishop Amier Juneyd. What were the company’s total assets at the end of its most recent reporting period? As of October 4, 2015.

Slides:



Advertisements
Similar presentations
7Apx--1 College Accounting Heintz & Parry 20 th Edition.
Advertisements

Rate Earned on Average Total Assets n (January 1 Total assets + December 31 Total Assets) / 2 = Average Total Assets n Net Income after Federal Income.
Accrual Accounting and the Financial Statements Chapter 3.
The Financial Statements
P1–1. Req. 1 NUCLEAR COMPANY Income Statement For the Year Ended December 31, 20A Total sales revenue (given)$ Total expenses (given) Pretax income.
Chapter 4: Adjustments, Trial Balance, and Financial Statements Acct 2301 Fall 2009 Cox School of Business, SMU Professor Zining Li.
Chapter 4: Adjustments, Trial Balance, and Financial Statements Acct 2301 Fall 2009 Cox School of Business, SMU Professor Zining Li.
Adjusting Entries. TWO METHODS  Some companies will employ different methods of accounting based on the nature of their operations.  These methods change.
©2012 McGraw-Hill Ryerson Limited Learning Objectives 1.Prepare and analyze the four basic financial statements. (LO1) 2.Examine the limitations of the.
© McGraw-Hill Ryerson Limited, 2003 McGraw-Hill Ryerson Chapter 3 Operating Decisions and the Income Statement.
Preparing a Worksheet for a Merchandise Company
Th 9 ©The McGraw-Hill Companies, Inc Foundations of Financial Management E D I T I O N N I N T H Irwin/McGraw-Hill Block Hirt 2 C H A P T E R T W.
COMPANY LOGO An Overview of Financial Performance.
Introduction to Hotel Accounting by Esther Lau, Controller
Annual Report Annual Report El mostafa Achar El mostafa Achar ACG2021,section002 ACG2021,section002.
Basic Rules of an Accounting System The Matching Principle: Accruals and Deferrals.
FINAL ACCOUNTS  All companies or corporations ( businesses owned by shareholders) must provide a set of final accounts consisting on three statements:
Principles of Accounting I ACCT-1104 Adjusting Entries Review Click Here to Proceed.
Operating Decisions and the Income Statement Chapter 3 McGraw-Hill/Irwin © 2009 The McGraw-Hill Companies, Inc.
4-1 Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved. PowerPoint Authors: Susan Coomer Galbreath, Ph.D., CPA Charles W. Caldwell,
Chapter 3! The Adjusting Entry Unit 1 Test (cover chapter 1 to 4) will occur on Friday September 26!
Microcomputer Accounting Applications – QuickBooks Adjusting Entries Review.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 18-2 Preparing the Operating Activities Section of a Statement of Cash Flows.
McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Chapter 1 Accounting and the Business Environment
Jones Soda Company Financial Presentation Group 1: Rodline Beausilien, Jamie Gleghorn, Sarah Hernandez, Jenny Oom, Amy Woods.
The Jigsaw Company An SLH Presentation. Agenda The Jigsaw Company supplies products and services to people world-wide. This presentation provides an overview.
Company Name Stock Trading Symbol. Company History Founder: Incorporation Date: IPO Date: Initial Sales Price: Current Sales Price:
Rivanna Investments: Intro to Equity Research. Rivanna Investments First step is to gather information Financial statement and reports (EDGAR)
© 2015 Cengage Learning. All Rights Reserved. Learning Objectives © 2015 Cengage Learning. All Rights Reserved. LO1 Describe and illustrate the adjusting.
Chapter 16 The Statement of Cash Flows What Is the Statement of Cash Flows? The statement of cash flows reports on a business’s cash receipts and.
GLENCOE / McGraw-Hill. Accruals, Deferrals, and the Worksheet.
ACCT 212 Week 1 to 7 All Discussion Questions Check this A+ tutorial guideline at
STATEMENT OF CASH FLOWS Prepared by James R. Reap
Managing Business Finances
Principles of Management
Accounting and Financial Decisions
Session 3 March 3rd, 2014.
Practice and Revision.
Income Statements Mr. Singh.
How to do Cash Flow Statements
Adjusting the Accounts
Financial Statement Analysis
Building Financial Statements
Accounting Equation Mr. Chan starts a business The owner.
Financial Accounting Chapter Liabilities
Chapter 10: accruals and prepayment
FINANCIAL PERFORMANCE
JEOPARDY JEOPARDY JEOPARDY JEOPARDY JEOPARDY JEOPARDY JEOPARDY JEOPARDY JEOPARDY JEOPARDY JEOPARDY JEOPARDY.
Electronic Presentation by Douglas Cloud Pepperdine University
Accounts in English Adjusting Entries.
Accrual Accounting and Financial Statements
ACC 545 STUDY Perfect Education/ acc545study.com.
Building Financial Statements
STATEMENT OF CASH FLOWS
FINANCIAL PERFORMANCE
Accruals, Deferrals, and the Worksheet
Balance Sheet Income Statement(Profit and Loss Statement) Cash Flow
FINANCIAL PERFORMANCE
LESSON 9-3 Accrued Expenses
ANALYSIS OF FINANCIAL STATEMENTS
ACCRUALS AND DEFERRALS
Preparing a Worksheet for a Merchandise Company
Uber's Struggle with Profitability
Manage Your Cash Flow.
The Adjusting Process LO 1 – Understanding the Nature of the Adjusting Process.
LO 1 – Understanding the Nature of the Adjusting Process
FINANCIAL PERFORMANCE
Financial Statements: Basic Concepts and Comprehensive Analysis
Building Financial Statements
Presentation transcript:

Team 3 Risa Miyake Ryley Bishop Amier Juneyd

What were the company’s total assets at the end of its most recent reporting period? As of October 4, 2015 the total unaudited assets were $802,329. As of January, the audited total assets were $735,889.

What were the total assets at the end of the pervious reporting year? T otal assets of 2014 were $735, 889 Why do you think a change occurred? Red Robin opened 514 restaurants in 2014 and therefore increasing the following. 1.Cash flow – The net cash increased from 17 million to 22 million. 2.Inventory – it consist of food, beverages and supplies. With more restaurants it is reasonable to have more materials. 3.Net Receivables – consist of primarily of trade receivable due from franchises for royalties as well a third party gift card receivables. 3

How much cash and cash equivalents did the company have at the end of its most recent reporting period? The company had $21,823 for then unaudited and $22,408 for the audited. What amount of accounts payable did the company have at the end of its most recent reporting period? As of December , they had $376,118 in total liabilities.

What amount of accounts payable did the company have at the end of the previous reporting period? Red Robin is so huge, it divides its accounts payable into 5 categories of current liabilities.  Trade accounts payable $28, $19,117 – 2013  Construction related payables 15, ,682 – 2013  Accrued payroll and payroll-related liabilities 47, ,919 – 2013  Unearned revenue 45, ,740 – 2013  Accrued liabilities and other current liabilities 27, ,454 – 2013 The total accounts payable if you add up ALL the categories is as follows: for 2014 and for 2013

What do you think caused the change? Liabilities increased by 24,000 in Almost 50% of that comes from unearned revenue. This is actually great for Red Robin because the firm received more prepayment for services to be fulfilled.

What were the company’s net revenues (sales) for the last three reporting periods? Net revenue ( ) – – – 2012

What do you think cause the change from period to period? People eat out at restaurants more when the economy is stronger. Therefore, Red Robin’s sales were also growing up Intense guest focus: Red Robin engaged guests through Red Robin Royalty. Brand Transformation: Red Robin invested to enhance service, menu, food presentation and other guest experiences.

What was the change in dollars in the company’s net income from its most recent reporting period to the previous reporting period? Why? Net income for the 52 weeks ended Dec The net income was 32.6 million compared to 32.2 million for the year ended Dec This is because 2014 revenues were 1.1 billion, an increase of 13% over the same period a year ago. Providing guests with great dining experiences combined with effective dinning strategies enabled Red Robin to increase revenue and therefore increasing the net income.

What was the company’s stock trading for on the day prior to your presentation? Would you recommend a buy or pass on the company stock? Red Robin stock price: $64.31 as of March I would recommend people to buy Red Robin’s stock in the future. They grow up less than 1 % in a year in net income because they were opening and remodeling the restaurants and they will plan to expire more.