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Pages:
1 page/≈275 words
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Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 5.62
Topic:

Revenue and Net Income of Tesla

Coursework Instructions:

Overview
Always include your company's name in the subject line and the link to the SEC 10-K in your posting!
Answer all of the questions below and do NOT cut and paste from the 10-K.
Use your own words to answer.
This week's discussion assists in your preparation of the report due next week on the Income Statement for your SEC 10-K company
Discussion Requirements
Read the SEC 10-K for your company to answer the questions below.
Category: Revenue and Net Income
What were the corporation's net sales, cost of goods sold, and gross profit?
What was the corporate tax rate? This should be an item in the notes to the financial statement. Required disclosure usually explains the federal statutory rate and a reconciliation to the actual tax rate of the company each year.
Read the Statement of Comprehensive Income. Notice the first line is the net income from the Income Statement. Accumulated other comprehensive net income (or net loss) is an item in the Statement of Owners' Equity section and the Balance Sheet. Post the value from the Balance Sheet and comment on whether this item is increasing or decreasing (take care with the concept of change and net income or net loss).
What items appear under Other Comprehensive Income (Loss)?
What is the account and the amount of the bottom line item on the Statement (or Consolidated Statement) of Comprehensive Income?
Below is the link for the company that I chose. (Tesla)
https://www(dot)sec(dot)gov/ix?doc=/Archives/edgar/data/0001318605/000095017022000796/tsla-20211231.htm#consolidated_statements_of_operations

Coursework Sample Content Preview:

Revenue and Net Income
Name
Institutional Affiliation
Course Title
Professor's Name
Date
Tesla's total revenue for 2021 was USD 53,823 million (Tesla Inc., 2021), consisting of several streams. The major one is revenue from automotive, which contributes 88% of the total revenue. Revenue from automotive operations in 2021 totaled USD 47,232 million. This was made up of automotive sales (USD 44,124 million), automotive regulatory credits (USD 1,465 million), and automotive leasing (USD 1642 million). The other revenue streams are energy generation, storage, and services and others, which contribute USD 2,789 million and USD 3,802 million, respectively (Tesla Inc., 2021).
The cost of goods sold by the corporation stood at USD 40,217 million in the year 2021. This was made up of the cost of automotive sales (USD 32415 million), the cost of automotive leasing (USD 978 million), energy generation and storage cost (USD 2918 million), and services and other cost (USD ...
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