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please help asap Question 15 Numerical question, show your work: Following are selected financial information of Mick Jagger Enterprise at the end of fiscal 2015.
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Question 15 Numerical question, show your work: Following are selected financial information of Mick Jagger Enterprise at the end of fiscal 2015. The company posted a tek income of $150 million in 2015 and its cash flow statement revealed a net cash inflow of $167 million for the yem 2015. The company 2015 revenue was $195 million. The company's Property, Plant and Equipment balance at the end of fiscal 2015 amounted to $110 million. The parameters of the Jones Model for Mick Jagger Enterprise are as follows: the value of the intercept (a) is +0.1 million; the coefficient on change in revenue (B) is +0.3 million; the coefficient on Property, Plant and Equipment balance B's - 0.05 million. The magnitude of Discretionary Accrual of the company was negative $7.1 million in fiscal 2015 (a) What was the company's Total Accruals in fiscal 2015? [2] (b) What was the company's Non-Discretionary Accruals in fiscal 2015? [2] (c) How much revenue did the company earn in fiscal 2014? [5] B y A - A - I E III IX X = 15 T 1 12pt - Paragraph . - V Question 15 Numerical question, show your work: Following are selected financial information of Mick Jagger Enterprise at the end of fiscal 2015. The company posted a tek income of $150 million in 2015 and its cash flow statement revealed a net cash inflow of $167 million for the yem 2015. The company 2015 revenue was $195 million. The company's Property, Plant and Equipment balance at the end of fiscal 2015 amounted to $110 million. The parameters of the Jones Model for Mick Jagger Enterprise are as follows: the value of the intercept (a) is +0.1 million; the coefficient on change in revenue (B) is +0.3 million; the coefficient on Property, Plant and Equipment balance B's - 0.05 million. The magnitude of Discretionary Accrual of the company was negative $7.1 million in fiscal 2015 (a) What was the company's Total Accruals in fiscal 2015? [2] (b) What was the company's Non-Discretionary Accruals in fiscal 2015? [2] (c) How much revenue did the company earn in fiscal 2014? [5] B y A - A - I E III IX X = 15 T 1 12pt - Paragraph . - VStep by Step Solution
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