Need help. What accounts on the balance sheet would each of these go under? Gros
ID: 2766003 • Letter: N
Question
Need help. What accounts on the balance sheet would each of these go under?
Gross Bookings 3.63 billion in the first half of 2015
Uber paid out $2.72 billion to driver contractors in the first half of 2015
From the first to the second quarter of 2015, gross bookings increased from $1.5 billion to $2.13 billion.
net revenue, which came in at $663.2 million in the first half of 2015
Overall Revenue $72 million in the first half of 2015.
Uber spent almost as much in operations and support ($159.1 million) in the first half of 2015
General and Administrative expenses: 178.7 million in the first half of 2015.
Sales and marketing expanded to $295 million in the first half of 2015,
$153.2 million in stock compensation just in the first quarter of 2015
GAAP losses $987.2 million in the first half of 2015.
Cash $4.15 billion in mid-2015.
Explanation / Answer
Need help. What accounts on the balance sheet would each of these go under? Classification in Balance Sheet Gross Bookings 3.63 billion in the first half of 2015 Retained Earnings/AR Uber paid out $2.72 billion to driver contractors in the first half of 2015 Accounts Payable/Cash and Cash Equivalents From the first to the second quarter of 2015, gross bookings increased from $1.5 billion to $2.13 billion. Retained Earnings/AR net revenue, which came in at $663.2 million in the first half of 2015 Retained Earnings/AR Overall Revenue $72 million in the first half of 2015. Retained Earnings/AR Uber spent almost as much in operations and support ($159.1 million) in the first half of 2015 Retained Earnings/Cash and Cash Equivalents General and Administrative expenses: 178.7 million in the first half of 2015. Retained Earnings/Cash and Cash Equivalents Sales and marketing expanded to $295 million in the first half of 2015, Retained Earnings/Cash and Cash Equivalents $153.2 million in stock compensation just in the first quarter of 2015 Common Stock/Cash and Cash Equivalents GAAP losses $987.2 million in the first half of 2015. Retained Earnings/Shareholders' Equity Cash $4.15 billion in mid-2015. Cash and Cash Equivalents
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