User Account

All Pages

What percentage of target total revenues end up

Assignment Help Accounting Basics
Reference no: EM132039364

Question: Use the Target Corporation Form 10-K to answer the following questions related to Target's 2017 Fiscal Year. Note that Target's Fiscal Year ends in late January or early February, so the 2017 Fiscal Year ends February 3, 2018. You will need to use the financial statements as well as notes to the financial statements to answer the questions. Show your calculations.

a) What percentage of Target's total revenues end up as net earnings? (Hint: use the Statement of Operations)

b) What percentage of Target's sales go to pay for the costs of the goods being sold? (Hint: use the Statement of Operations)

c) Calculate the Cost of Sales and the Gross Margin as a percentage of Target's Sales for the 2017, 2016 and 2015 Fiscal Years. Comment on the changes and the significance of changes in these ratios. (Hint: use the Statement of Operations)

d) What costs does Target include in its Cost of Sales account? (Hint: use the Notes to the Financial Statements starting on page 46 of the 10-K)

e) When does Target recognize revenue from the sale of gift cards? (Hint: use the Notes to the Financial Statements starting on page 46 of the 10-K)

Information related to above question is enclosed below:

Attachment:- Target10KFY2017FSOnly.rar

Reference no: EM132039364

Questions Cloud

Determine a relationship that exists among the characters : Select a favorite television series, movie, or novel with an extensive cast of characters that you consider interesting. Determine a relationship that exists.
Centroid versus center of gravity main two areas : Centroid versus center of gravity main two areas in which centroids are used and moment of inertia of an area how moment of inertia of composite areas
Investment plan includes purchasing at beginning of year : An investment plan includes purchasing at the beginning of the year a piece of machinery costing $117, which will be fully depreciated in the next year,
Total asset turnover-financial leverage-profit margin : compare these two companies using the following financial ratios: debt ratio, current ratio, total asset turnover, financial leverage, profit margin,
What percentage of target total revenues end up : What percentage of Target's total revenues end up as net earnings? (Hint: use the Statement of Operations) What percentage of Target's sales go to pay?
Determine a rate of return on a project : The time value of money concept is one of the 3 major principles of the study and practice of financial management.
Practices necessary for peak performance and longevity : Explain PC and mobile device preventative maintenance practices necessary for peak performance and longevity.
Describe how salespeople could be give remote access : Describe how salespeople could be give remote access to this system by using RemoteApp. Are there any concerns about using RemoteApp?
The companys purpose of existence : Customer loyalty is derived from the customers clear understanding of the company's purpose of existence.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd