SKM_658e XXXXXXXXXX Overview In Project Two, you will analyze and evaluate a business’s financial health and recommend the best financing options for the business to choose in order to improve its...

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See the guidelines attached, the company I have chosen is Tesla


SKM_658e21051113520 Overview In Project Two, you will analyze and evaluate a business’s financial health and recommend the best financing options for the business to choose in order to improve its current financial health. Use the Project Two Business Options List to choose the business that you will examine in Project Two. Then, use Mergent Online to locate the most recent quarterly financial statements for the business: the balance sheet, the income statement, and the cash flow statement. In order to succeed in your Project Two assignment, you will need to understand the role of financial statements and how they help businesses determine their current financial health. You will also need to describe why cash flow management is important to a business and that business’s financial health. Prompt Write a brief journal introducing the business you chose for your Project Two assignment. Specifically, you must address the following rubric criteria: Business Selection: Provide a description of the business you chose, including the business name and what it offers consumers. Financial Statements: Using Mergent Online, provide a copy of the balance sheet, the income statement, and the cash flow statement for your chosen business from the most recent fiscal quarter. Financial Statement Role: Explain why financial statements are important to a business and how they help businesses determine their current financial health. Cash Flow Management: Describe why cash flow management is important to a business and its financial health. Use a recent financial news story as an example to support your claims. Guidelines for Submission Your journal submission should be a 3- to 4-paragraph Word document with 12-point Times New Roman font, double spacing, and one-inch margins. Any sources should be cited according to APA style. You will also need to submit the Excel files for your chosen business’s balance sheet, income statement, and cash flow statement from Mergent Online. Module Two Journal Rubric CriteriaProficient (100%)Needs Improvement (70%)Not Complete (0%)Value Business SelectionProvides a description of the business chosen, including the business name and what the business offers consumersShows progress toward proficiency, but with errors or omissions; areas for improvement may include providing a more complete description of the business chosen, such as the business name or what it offers consumersDoes not attempt criterion15 Financial StatementsProvides a copy of the balance sheet, the income statement, and the cash flow statement for the chosen business from the most recent fiscal quarterShows progress toward proficiency, but with errors or omissions; areas for improvement may include providing a copy of all three required financial statements for the chosen business from the most recent fiscal quarterDoes not attempt criterion15 Financial Statement RoleExplains why financial statements are important to a business and how they help businesses determine their current financial healthShows progress toward proficiency, but with errors or omissions; areas for improvement may include explaining in further detail why financial statements are important to a business and how they help businesses determine their current financial healthDoes not attempt criterion25 Cash Flow ManagementDescribes why cash flow management is important to a business and its financial health, using a recent financial news story to support the claimsShows progress toward proficiency, but with errors or omissions; areas for improvement may include a more complete description of why cash flow management is important to a business and its financial health or using a recent financial news story to better support the claimsDoes not attempt criterion25 Articulation of ResponseClearly conveys meaning with correct grammar, sentence structure, and spelling, demonstrating an understanding of audience and purposeShows progress toward proficiency, but with errors in grammar, sentence structure, and spelling, negatively impacting readabilitySubmission has critical errors in grammar, sentence structure, and spelling, preventing understanding of ideas20 Total: 100%
Answered 1 days AfterMay 11, 2021

Answer To: SKM_658e XXXXXXXXXX Overview In Project Two, you will analyze and evaluate a business’s financial...

Tanmoy answered on May 13 2021
138 Votes
Tesla
Business Selection:
Tesla Inc. is an American multinational electric vehicle company which is located in Palo Alto, California. The company manufactures various products which include electric cars, solar panels, battery energy storage and other related services to the customers globally. Tesla is the world best selling battery electric and plug-in passenger car which market share of 16% in
plug-in segment and 23% of battery electric car as on 2020. The revenue of the company as on 2020 is $31.536 billion while the net income was $721 million.
Financial Statements:
    Powered by Clear bit
     
    Tesla Inc (NMS: TSLA)
     
     
     
    Exchange rate used is that of the Year End reported date
     
     
     
     
     
    As Reported Quarterly Income Statement
     
    Report Date
    03/31/2021
     
    1st Quarter
    Currency
    USD
    Audit Status
    Unaudited
    Consolidated
    Yes
    Scale
    Thousands
    Revenue - automotive sales
    87,05,000.00
    Revenue - automotive leasing
    2,97,000.00
    Total automotive revenues
    90,02,000.00
    Energy generation & storage
    4,94,000.00
    Services & other revenues
    8,93,000.00
    Total revenues
    1,03,89,000.00
    Cost of revenues - automotive sales
    64,57,000.00
    Cost of revenues - automotive leasing
    1,60,000.00
    Total automotive cost of revenues
    66,17,000.00
    Cost of energy generation & storage
    5,95,000.00
    Cost of services & other cost of revenues
    9,62,000.00
    Total cost of revenues
    81,74,000.00
    Gross profit (loss)
    22,15,000.00
    Research & development expenses
    6,66,000.00
    Selling, general & administrative expenses
    10,56,000.00
    Restructuring & other expenses
    (1,01,000.00)
    Total operating expenses
    16,21,000.00
    Income (loss) from operations
    5,94,000.00
    Interest income
    10,000.00
    Interest expense
    99,000.00
    Other income (expense), net
    28,000.00
    Income (loss) before income taxes
    5,33,000.00
    Provision (benefit) for income taxes
    69,000.00
    Net income (loss)
    4,64,000.00
    Net income (loss) attributable to noncontrolling interests & redeemable noncontrolling interests in subsidiaries
    (26,000.00)
    Net income (loss) attributable to common stockholders
    4,38,000.00
    Weighted average shares outstanding - basic
    9,61,000.00
    Weighted average shares outstanding - diluted
    11,33,000.00
    Year end shares outstanding
    9,63,000.00
    Net income (loss) per share - basic
    0.46
    Net income (loss) per share - diluted
    0.39
    Powered by Clear bit
     
    Tesla Inc (NMS: TSLA)
     
     
     
    Exchange rate used is that of the Year End reported date
     
     
     
     
     
    As Reported Quarterly Balance Sheet
     
    Report Date
    03/31/2021
     
    1st Quarter
    Currency
    USD
    Audit Status
    Unaudited
    Consolidated
    Yes
    Scale
    Thousands
    Cash & cash equivalents
    1,71,41,000.00
    Restricted cash
    -
    Accounts receivable, net
    18,90,000.00
    Raw materials
    18,36,000.00
    Work in process
    4,54,000.00
    Finished goods
    13,41,000.00
    Service parts
    5,01,000.00
    Inventory
    41,32,000.00
    Prepaid expenses & other current assets
    15,42,000.00
    Total current assets
    2,47,05,000.00
    Operating lease vehicles, net
    33,96,000.00
    Solar energy systems in service
    -
    Initial direct costs related to customer solar energy system lease acquisition costs
    -
    Solar energy systems, gross
    -
    Less: accumulated depreciation & amortization
    -
    Solar energy systems in service after depreciation & amortization
    -
    Solar energy systems under construction
    -
    Solar energy systems pending interconnection
    -
    Solar energy systems, net
    59,33,000.00
    Machinery, equipment, vehicles & office furniture
    87,11,000.00
    Tooling
    19,16,000.00
    Leasehold improvements
    14,94,000.00
    Building & building improvements
    -
    Land & buildings
    36,81,000.00
    Computer equipment, hardware & software
    10,20,000.00
    Construction in progress
    24,35,000.00
    Property, plant & equipment, gross
    1,92,57,000.00
    Less: accumulated depreciation & amortization
    53,89,000.00
    Property, plant...
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