I need help answering all the requirement questions 8 31%. 2:06 PM X Question...
50.1K
Verified Solution
Link Copied!
Question
Accounting
I need help answering all the requirement questions
8 31%. 2:06 PM X Question is mini-case is the first part of The Cheesake Factory serial case contained in every chapter in this renbok The Cheesecake Factory Incorporated (NASDAO CAKE) was started by Evelyn Overon when she sold cheesecakes from her basement in Detroit is the 1940s Its first restau opened in Beverly Hills in 1978. Cheesecake Factory han beidn a pubilicly held corporation since 1993 and currently has 185 nestaurants and two hakery facilities Its fiscal year end is the Tuesday closest to December 31 cach year. To follow are Cheesecake Factory's four basic financial statenments for its most recent year, the year ending January 3, 2017. The Cheesecake Fectory Incer parated Consalidated Statement of Iscome Adapted for Educational Use) For year Ended janeary 3, 2017 5 2275,319 526,623 18.010 Costs and expenses Cost of sales Labor expenses Depreciation and amonizetion expense Other expese Total costs and expenses 200 993 Income feem operations Interest and ether expense, net ncome before income toes ncome tax eiperse Net income Noter information presented here should not be used for investment dedisions The Cheesecake Factory Incerporated Statement of Retained Earnings (Adapted for Educational Use) For Year Ended january 3, 2017 inthousanes s 1,140,788 Retained eanings balance, 12/29/2015 Add: Net incame Less Dividends declared Retained eamings balance, 1/3/2017 39,494 270 5 1.238.012 Note informatloe presested bene should not be used for investment decisions d condensed for educational use and sh * 31%. 2:06 PM X Question The Cheesetake Factory Incor permted Consolidated Balance Sheet (Rdapted for Edurational Use As of January 3, 201 utreet assets 53.839 5,632 Cash and cash equiealents Accounts eceisable Income tax recevable Other recehables Inventeries Prepaid expenses 4,192 34926 Total current assets 10334 Property and eqsipment. net Other asets 23,054 2162 ntangible assets net Prepaid rent Other assers Total other assets Total assets Liabilities and Stockhalders'Equity Current Sablities 41,564 34962 5 Accounts payable Other accrued expenseS d espenses atel cutrent liabilses 313.586 Nancurrent Sablaties Stockholder's equity Preferred stock Common ssock Additional paid in capta Retained earnings Treasury stock 947 774,137 1,238,012 1, 409 Total stockholder's equity 5 1,293 319 Total liabilities and stockholdess equity Nate Information presented here should not be used for investment decisions from the US Sis al Eschane Cosin EDGAR Campun Filings www.se go The Cheesecake Factory Incorporated Statement of Cash Flows (Adapted for Educational Use) For Year Ended January 3, 2017 in thousands) $ 302.520 (159,461) (133.0741 Cash flows grovided by operating activities Cash flows used in investing activities Cash flows used by financing activities Net charge in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of peried 9,985 43,854 53.839 * 28%2 2:11 PM Question APPLY YOUR KNOWLEDGE Serial Case C5-74. bjentve 4 Aulyce accounrs recerwabie fur o compuny in the resuurant ndustny ete: Iws case is a o e Oscrcatr Farkary senal cave reniuind in every chogter in mis The Cheesecake Pactory Incoeporated NASTINO CAKEerales two basenes in the Cited States wharc it maks we no desseris for ils 11rans In addo, the Cheesecake Fuctory hisell selected devarrts In a variety o fobervice operutors and retanlers, including Sams CZub, Walmarl, Tarpet, HJs Wholesale Club, and Barnes & Noble Calls arts amami, ns.eur'le s its sales le h'kory cusion,c., Requirements . Identiry the financial ststemt whee The (eesecake Factory accounts receivable would ,,;L" 3, 30177 Did its a-courts reaivable ularce increasC Ut deras, sirna: its 2015 fiscal e? 2. Assume thas BJ's Welesa Club paes ada wilh Tie eake Fatary ukery for 1,01 Cheesecake Pactory Orginal Cheesecakes on account FOB shipping peiex for " Intal cost of $7,500 No:liuxnmi was "ITensl ''w zaly ply"km write ile curnal entry. if any,whieh woold he made oe ench of the fellowing dates hy The Choesecake Factory tignere the cost or sales joamal entry bercl: a. Order date h. Shipmex dae c. Payment date 3. Hora will The Cheesocake Fixtocy s sssets, liabilitics, d cuity be impacted on cach of the peevicus dites relaled te BJ's Wholesale lub orer? l need help answering all of these questions 8 31%. 2:06 PM X Question is mini-case is the first part of The Cheesake Factory serial case contained in every chapter in this renbok The Cheesecake Factory Incorporated (NASDAO CAKE) was started by Evelyn Overon when she sold cheesecakes from her basement in Detroit is the 1940s Its first restau opened in Beverly Hills in 1978. Cheesecake Factory han beidn a pubilicly held corporation since 1993 and currently has 185 nestaurants and two hakery facilities Its fiscal year end is the Tuesday closest to December 31 cach year. To follow are Cheesecake Factory's four basic financial statenments for its most recent year, the year ending January 3, 2017. The Cheesecake Fectory Incer parated Consalidated Statement of Iscome Adapted for Educational Use) For year Ended janeary 3, 2017 5 2275,319 526,623 18.010 Costs and expenses Cost of sales Labor expenses Depreciation and amonizetion expense Other expese Total costs and expenses 200 993 Income feem operations Interest and ether expense, net ncome before income toes ncome tax eiperse Net income Noter information presented here should not be used for investment dedisions The Cheesecake Factory Incerporated Statement of Retained Earnings (Adapted for Educational Use) For Year Ended january 3, 2017 inthousanes s 1,140,788 Retained eanings balance, 12/29/2015 Add: Net incame Less Dividends declared Retained eamings balance, 1/3/2017 39,494 270 5 1.238.012 Note informatloe presested bene should not be used for investment decisions d condensed for educational use and sh * 31%. 2:06 PM X Question The Cheesetake Factory Incor permted Consolidated Balance Sheet (Rdapted for Edurational Use As of January 3, 201 utreet assets 53.839 5,632 Cash and cash equiealents Accounts eceisable Income tax recevable Other recehables Inventeries Prepaid expenses 4,192 34926 Total current assets 10334 Property and eqsipment. net Other asets 23,054 2162 ntangible assets net Prepaid rent Other assers Total other assets Total assets Liabilities and Stockhalders'Equity Current Sablities 41,564 34962 5 Accounts payable Other accrued expenseS d espenses atel cutrent liabilses 313.586 Nancurrent Sablaties Stockholder's equity Preferred stock Common ssock Additional paid in capta Retained earnings Treasury stock 947 774,137 1,238,012 1, 409 Total stockholder's equity 5 1,293 319 Total liabilities and stockholdess equity Nate Information presented here should not be used for investment decisions from the US Sis al Eschane Cosin EDGAR Campun Filings www.se go The Cheesecake Factory Incorporated Statement of Cash Flows (Adapted for Educational Use) For Year Ended January 3, 2017 in thousands) $ 302.520 (159,461) (133.0741 Cash flows grovided by operating activities Cash flows used in investing activities Cash flows used by financing activities Net charge in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of peried 9,985 43,854 53.839 * 28%2 2:11 PM Question APPLY YOUR KNOWLEDGE Serial Case C5-74. bjentve 4 Aulyce accounrs recerwabie fur o compuny in the resuurant ndustny ete: Iws case is a o e Oscrcatr Farkary senal cave reniuind in every chogter in mis The Cheesecake Pactory Incoeporated NASTINO CAKEerales two basenes in the Cited States wharc it maks we no desseris for ils 11rans In addo, the Cheesecake Fuctory hisell selected devarrts In a variety o fobervice operutors and retanlers, including Sams CZub, Walmarl, Tarpet, HJs Wholesale Club, and Barnes & Noble Calls arts amami, ns.eur'le s its sales le h'kory cusion,c., Requirements . Identiry the financial ststemt whee The (eesecake Factory accounts receivable would ,,;L" 3, 30177 Did its a-courts reaivable ularce increasC Ut deras, sirna: its 2015 fiscal e? 2. Assume thas BJ's Welesa Club paes ada wilh Tie eake Fatary ukery for 1,01 Cheesecake Pactory Orginal Cheesecakes on account FOB shipping peiex for " Intal cost of $7,500 No:liuxnmi was "ITensl ''w zaly ply"km write ile curnal entry. if any,whieh woold he made oe ench of the fellowing dates hy The Choesecake Factory tignere the cost or sales joamal entry bercl: a. Order date h. Shipmex dae c. Payment date 3. Hora will The Cheesocake Fixtocy s sssets, liabilitics, d cuity be impacted on cach of the peevicus dites relaled te BJ's Wholesale lub orer? l need help answering all of these questions
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!