ACCT 212 Individual Learning Project Questions

ACCT 212
INDIVIDUAL LEARNING PROJECTQUESTIONS
Name_______________________________
General Information:
1. What is the name of your corporation?Denny’s Corporation
2. Where are the corporate headquarters?Spartanburg, SC
3. What is the corporation’s fiscal year end?12/26/2018
4. What are the primary products or services of the corporation?Dennys sells items for
breakfast lunch and dinner. Waffles, pancakes, burgers, steak and coffee are all big
selling items.
5. Graph the high and low price of the company’s stock for each quarter of the last
two years. What was the high and what was the low?
6. Who is the company’s transfer agent and where are they located?Continental Stock
Transfer and trust. Located at 1 state Street, New York NY, 10004
7. Who are your company’s competitors?There are multiple competitors however
IHOP, Cracker Barrel and Waffle house give Dennys big competition.
Market Information:
8. On which stock exchange is your corporation’s stock traded?NASDAQ
9. What is the current market price of their stock?$19.00
10. What is the ticker symbol used to identify your corporation on the stock exchange?
DENN
Internet Information:
11. What is the Internet address of your corporation? Be sure it appears as a
hyperlink.https://www.dennys.com/??
utm_source=bing&utm_medium=cpc&utm_term={keyword}&utm_campaign=Bra
nded%7CDenny%27s+Only+E-&utm_content=qR1AsYPa|pcrid|{AdId}|pkw|
{keyword}|pmt|{MatchType}/
home&utm_source=bing&utm_medium=cpc&utm_term=denny
%27s&utm_campaign=27515545&utm_content=
%20string&kwid=25012563062&device=c&pcrid=80951566676006&pkw=denny
%27s&pmt=e&msclkid=1c1cae357aef1ec29756f2f649b82dd7&gclid=CN6GnLKY
7uECFYeSgQodEUMDfA&gclsrc=ds
12. Is the corporation’s Annual Report online?Yes
13. Are its financial statements on-line?Yes
14. Is your company listed on Annualreports.com?Yes
15. How long is your company’s 10-K report at the Securities and Exchange
Commission website (Edgar Database)? 84 pages.
Cash Flow and Retained Earnings:
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ACCT 212
16. List the amount of cash flows from each of the 3activities: Operating, Investing, and
Financing for the 2most recent years. What was the increase or decrease in cash for
each of these years?Operating 73,690. Investing 0 Financing 0. There was an
increase for operating but not investing or financing it stayed the same.
17. Were there any Non-Cash Investing/Financing Transactions? Describe the type and
amount. There are some non-cash expense/Finance Transactions. Administrative
expenses of $ 63,828000 expense incurred for the fiscal year 2018. Total
Depreciation and amortization is $27,039000 expense incurred for the fiscal year
2018.
18. What is the dollar difference between accrual net income and Cash provided by
Operations?
The difference between Accural Net Income and Cash Provided by Opeartions is
$29,921 (Accural Net Income = 43,693000 and Operating Income= $73,614000 of
the fiscal period 2018)
19. What investing activity provided the largest inflow of cash in the current year?
The company has Costs of franchise and license revenue of $ 218,247 which has provided
190.9% increase in sales in the fiscal year 2018. (Pg 25 under Franchise Operations)
20. What investing activity used the largest amount of cash in the current year?
The largest amount of cash included in investing activity in the fiscal year 2018 is capital
expenditures amounted to $ 22,025 thousands (Pg. F-7 under consolidated statement of
Cash flows)
21. What financing activity provided the largest inflow of cash in the current year?
Revolver borrowing sprovided largest casg inflow under finnaciang activity amounted to
$ 136,000 thousands (Pg. F-7 under consolidated statement of Cash flows)
22. What financing activity used the largest amount of cash in the current year?
The revolver payments of the company in fiscal year 2018 of financing activity is the
largest amount of cash is $108,500 thousands (Pg. F-7 under consolidated statement of
Cash flows)
23. Does the company have sufficient cash inflows from the appropriate category?
Describe any problems the company many experience with cash flow from your
analysis of the cash flow statement.
No, the company did not have sufficient cash inflows fro appropriate category except the
operating actovities. After analyzing the company’s cash flow it is observed that
company may experiencing some big issues with their cash flow particularly the
company may experience some issues in accordance with Capital expenditure part which
we can see the company has $22025 in red. The company should concentrate their
investing activity, which may support later. Further, revolver payment was significant at
$ 108,500 thousands. (Pg. F-7 under consolidated statement of Cash flows)
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ACCT 212
24. Show the change in Retained Earnings for the 2most recent years. What was net
income for each year? How much was paid out in dividends each year?
Changes in retailend earnings over 2016 to 2017 amounted to $(39594 – 19402) = $
20192 thousands and changes in retailend earnings over 2016 to 2017 amounted to
$(43693 – 39594) = $ 4099 thousands (Pg.23 under statement of Income)
25. Were the dividends on common stock and/or preferred stock? What was the amount
of each?
No cash dividends were paid by the company to its shareholders for the year ended 2018.
26. Did Retained Earnings change for any reasons other than net income or dividends?
Explain.
No, apart from net income, no other reasons were there for changes in the amount of
retained earnings (Pg.23 under statement of Income)
27. What classes of stock does your company have?
The company have common stock and treasury stock (Pg F-3, under Denny’s
Corporation and Subsidiaries Consolidated Balance Sheets)
28. How many shares of each class of stock are authorized, how many are issued, and
how many are outstanding?
The company have 135,000 shares of common stock authorized, 108,585 shares issued
and 61,533 shares iutstanding. Treasury stocks were 47,042 and 43,151 in numbers (Pg
F-3, under Denny’s Corporation and Subsidiaries Consolidated Balance Sheets)
29. Does your company have any treasury stock? How many shares and what dollar
amount?
Yes, the compny have treasury stock at cost, 47,042 and 43,151 respectively, amount for
which was - $ 416,815 thousands (Pg F-3, under Denny’s Corporation and Subsidiaries
Consolidated Balance Sheets)
30. What is the par or stated value of each of your company’s stocks?
Par value of common stock is $ 0.01 per share (Pg F-3, under Denny’s Corporation and
Subsidiaries Consolidated Balance Sheets)
Footnote Disclosures:
31. How many footnote disclosures does your company have?
There are 12 footnotes are present in annual report of fiscal Year 2018.
32. How many significant accounting policies are listed under its Summary of
Significant Accounting Policies?
There are 25 significant accounting policies present under the Company’s Summary of
Significant Accounting Policies.
33. What does it include as Cash and Cash Equivalents?
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