Posts by: WST Expert 1
Re: Beverage total debt
Most definitely, Other Liabilities or Other Long Term Liabilities are NOT considered part of Debt for capital structure and TEV purposes (covered more in Corporate Valuation course). On the quiz, this was indeed a mistake (another great observation!) and therefore for the exam version, do not includ... Read More
Most definitely, Other Liabilities or Other Long Term Liabilities are NOT considered part of Debt for capital structure and TEV purposes (covered more in Corporate Valuation course). On the quiz, this was indeed a mistake (another great observation!) and therefore for the exam version, do not includ... Read More
Re: Beverage cash
Yes and no - and here is the difference between accounting vs. finance. Accountants do not consider marketable securities or short term investments as cash; however, for finance we do because they are all liquid (in theory) and therefore, cash equivalents. It goes back to "use-case" or purpose of an... Read More
Yes and no - and here is the difference between accounting vs. finance. Accountants do not consider marketable securities or short term investments as cash; however, for finance we do because they are all liquid (in theory) and therefore, cash equivalents. It goes back to "use-case" or purpose of an... Read More
Re: Sale Impact on Equity
When the item is sold, sales (or revenue) would technically increase first, thereby affecting equity (up in this case). Then when the COGS for the item is recorded, equity gets affected again (down). Ditto for SG&A and any other related items. Cash and A/R would be affected based on the terms (payme... Read More
When the item is sold, sales (or revenue) would technically increase first, thereby affecting equity (up in this case). Then when the COGS for the item is recorded, equity gets affected again (down). Ditto for SG&A and any other related items. Cash and A/R would be affected based on the terms (payme... Read More
Re: Video Glitch
Hi Mark, we're not able to reproduce that video error on our end. Could you please email us at support@wallst.training with the operating system and browser version you're using? Thanks!
Hi Mark, we're not able to reproduce that video error on our end. Could you please email us at support@wallst.training with the operating system and browser version you're using? Thanks!
Re: PDF with Instructions
Under My Courses, look for the WST Macros item. Under the "Assets" heading, download WSTMacrosAdd-In.zip to your computer. Extract the zip file into a folder of your choice. Then, open the “WST Macros Add-In Instructions PC Activate.pdf” file for instructions on how to install WST Macros properl... Read More
Under My Courses, look for the WST Macros item. Under the "Assets" heading, download WSTMacrosAdd-In.zip to your computer. Extract the zip file into a folder of your choice. Then, open the “WST Macros Add-In Instructions PC Activate.pdf” file for instructions on how to install WST Macros properl... Read More
Re: Costco Interest Expense
As a general statement, subtracting interest income from interest expense is typically referred to as "net interest expense." That said, for the purposes of these coverage ratios, it's better to use gross interest expense (i.e., disregard interest income). In practice, this often requires diggin... Read More
As a general statement, subtracting interest income from interest expense is typically referred to as "net interest expense." That said, for the purposes of these coverage ratios, it's better to use gross interest expense (i.e., disregard interest income). In practice, this often requires diggin... Read More
Re: Control D
That's correct, and you bring up a great point. Ctrl+D will copy down formatting as well , which is not suitable when you only want to Paste Special (Formulas). Note that this is a basic course, and in our more intermediate courses, we end up utilizing Ctrl+Enter more heavily for similar situations.... Read More
That's correct, and you bring up a great point. Ctrl+D will copy down formatting as well , which is not suitable when you only want to Paste Special (Formulas). Note that this is a basic course, and in our more intermediate courses, we end up utilizing Ctrl+Enter more heavily for similar situations.... Read More
Re: Control R vs Paste Special
Ctrl+R will indeed copy both the formula/value and formatting. In our courses, the templates are all pre-formatted, so Ctrl+R is vastly superior because the formatting is ready to be propagated to future columns. In general, Ctrl+R is simply faster and thus more efficient (fewer steps/keystrokes), a... Read More
Ctrl+R will indeed copy both the formula/value and formatting. In our courses, the templates are all pre-formatted, so Ctrl+R is vastly superior because the formatting is ready to be propagated to future columns. In general, Ctrl+R is simply faster and thus more efficient (fewer steps/keystrokes), a... Read More
Re: 2008 Diluted EPS
You've got a keen eye - that's correct. This error has been pointed out in past comments as well.
You've got a keen eye - that's correct. This error has been pointed out in past comments as well.
Yes, in general, you want to include preferred debt as a part of Debt for capital structure and TEV purposes (covered more in Corporate Valuation course). However, PEP is the rare exception in that their preferred is ESOP related and happens to be negative and therefore for this purpose we exclude a... Yes, in general, you want to include preferred debt as a part of Debt for capital structure and TEV purposes (covered more in Corporate Valuation course). However, PEP is the rare exception in that their preferred is ESOP related and happens to be negative and therefore for this purpose we exclude and ignore it. As such, for these exercises and all other Debt/TEV related calculations, you do want to include preferred securities. Read More