Exhibit A: CONSOLIDATED STATEMENTS OF INCOME (in millions, except per share data) 2015 2014 Revenues: 2013 Services 43,894 40 246 Products 37.280…

Based on your reading, describe and discuss the Software Development Life Cycle as it relates to creating software that will calculate the totals and…
June 6, 2020
Petersen Co. has a capital budget of $1,200,000. The company wants to maintain a target capital structure which is 60 percent debt and 40 percent…
June 6, 2020

Using the fiscal 2015 financial data provided in the below, please explain a budget for fiscal 2016 using as assumed growth rate of 5%. Please state all assumptions.Exhibit A:CONSOLIDATED STATEMENTS OF INCOME(in millions, except per share data)20152014Revenues:2013Services43,89440 246Products37.2808.5718.5677,761Total revenues52,46518 81315.041Costs and expenses:Cost of services (exclusive of depreciation and amortization)(23,191)(21,356)(20,090)Cost of products (exclusive of depreciation and amortization)(5,173)(5,064)(4,944)Selling, general, administrative and other(8,523)(8,565)(8,365)Depreciation and amortization(2,354)(2,288)(2,192)Total costs and expenses(39,241)(37,273)(35,591)Restructuring and impairment charges($3)140)(214)Other expense, net(31)(69)Interest income/(expense), net(117)23(235)Equity in the income of investees814854688Income before income taxes13,86812.2469.620Income taxes(5,016)(4,242)(2,984)Net income8,8528,0046.636Less: Net income attributable to noncontrolling interests(470)(503)(500)Net income attributable to The Walt Disney Company (Disney)8,3827,5016,136