Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Student Portal | Main X Mail - Olawole Alabi - X 6 ACC-650 Topic 8 DQ X WP ACC-650 TOPIC 8 As X WP NWP

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Student Portal | Main X Mail - Olawole Alabi - X 6 ACC-650 Topic 8 DQ X WP ACC-650 TOPIC 8 As X WP NWP Assessment Pla X A Player Course Hero X + C education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=b5930819-36f8-44bc-abec-97c6b9fbe865#/question/1 Update : - ACC-650 TOPIC 8 Assignment Question 2 of 8 - 17 E View Policies Current Attempt in Progress Six Flags Entertainment Corp. reported the following revenue data (in $000s) in its 2017 annual report. Revenues 2017 2016 2015 2014 2013 Theme park admissions $741,275 $715,413 $687,819 $641,535 $602,204 Theme park food, merchandise, and other 524,582 521,167 500,190 460,131 448,547 sponsorship, licensing, and other fees 78,09 56,329 59,133 57,250 12,149 Accommodations 15,121 16,489 16,796 16.877 17,000 Prepare a trend analysis of Six Flags' revenue sources. (Round answers to 1 decimal place, e.g. 50.1%.) Revenues 2017 2016 2015 Theme park admissions Theme park food, merchandise and other % Sponsorship, licensing and other fees Accommodations e Textbook and Media Assistance Used Save for Later Attempts: 0 of 3 used Submit AnswerStudent Portal | Main X Mail - Olawole Alabi - X 6 ACC-650 Topic 8 DQ X WP ACC-650 TOPIC 8 As X WP NWP Assessment Pla X A Player Course Hero X + C education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=b5930819-36f8-44bc-abec-97c6b9fbe865#/question/1 Update : - ACC-650 TOPIC 8 Assignment Question 2 of 8 - 17 E View Policies Current Attempt in Progress Six Flags Entertainment Corp. reported the following revenue data (in $000s) in its 2017 annual report. Revenues 2017 2016 2015 2014 2013 Theme park admissions $741,275 $715,413 $687,819 $641,535 $602,204 Theme park food, merchandise, and other 524,582 521,167 500,190 460,131 448,547 ponsorship, licensing, and other fees 78,09 56,329 59,133 57,250 12,149 Accommodations 15,121 16,489 16,796 16.877 17,000 Prepare a trend analysis of Six Flags' revenue sources. (Round answers to 1 decimal place, e.g. 50.1%.) 2016 2015 2014 2013 % % % e Textbook and Media Assistance Used Save for Later Attempts: 0 of 3 used Submit AnswerStudent Portal | Main X Mail - Olawole Alabi - X 6 ACC-650 Topic 8 DQ X WP ACC-650 TOPIC 8 As X WP NWP Assessment Pla X A Player Course Hero X + C education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=b5930819-36f8-44bc-abec-97c6b9fbe865#/question/2 W Update : - ACC-650 TOPIC 8 Assignment Question 3 of 8 - 17 View Policies Current Attempt in Progress Chipotle Mexican Grill began with a single location in 1993 and now operates more than 2,450 restaurants. Adapted versions of the company's income statements (in $000s) are as follows: 2017 2016 Revenue $4,476,412 $3,904,384 Restaurant operating costs Food, beverage, and packaging ,535,428 1,365,580 Labor 1,205,992 1,105,001 Occupancy 327,132 293,636 Other operating costs 651,644 641,953 General and administrative expenses 296,388 276,240 Depreciation and amortization 163,348 146 , 368 Pre-opening costs 12,341 17,162 Loss on disposal of assets 13,345 23,877 Total operating expenses 4,205,618 3,869,817 Income from operations 270,794 34,56 Interest and other income (expense), net 4,949 4,172 Income before income taxes 275,743 38,739 Provision for income taxes 99,490 15,801 Net income $176,253 $22,938 Prepare a common-size income statement for each year. (Round answers to 1 decimal place, e.g. 50.1%.) 2017 2016 Revenue Restaurant operating costs Food, beverage, and packaging Labor Occupancy Other operating costs % General and administrative expenses Depreciation and amortization Pre-opening costs Loss on disposal of assets Total operating expensesStudent Portal | Main X Mail - Olawole Alabi - X 6 ACC-650 Topic 8 DQ X WP ACC-650 TOPIC 8 As X WP NWP Assessment Pla X A Player x Course Hero X + C education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=b5930819-36f8-44bc-abec-97c6b9fbe865#/question/2 W Update : - ACC-650 TOPIC 8 Assignment Question 3 of 8

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quantitative Analysis For Management

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

11th Edition

162

Students also viewed these Accounting questions