Question 1,2,3 plz UBER TECHNOLOGIES, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In millions, except share amounts which are reflected in thousands, and per share amounts)(Unaudited)Three Months Ended December 31, Year Ended December 31,20212020202120203,165 $5,778 $11,139 $17,455RevenueCosts and expensesCost of revenue, exclusive ofdepreciation and amortizationshown separately belowOperations and supportSales and marketingResearch and developmentGeneral and administrativeDepreciation and amortizationTotal costs and expensesLoss from operationsInterest expenseOther income (expense), netIncome (loss) before incometaxes and loss from equitymethod inyestmentsProvision for (benefit from)1,4413,1045,1549,3513695471,8191,8771,0381,2623,5834,7894835582,2052,0545316112,6662,3161802465759024,0426,32816,00221,289(877)"(118)63(550)(4,863)(3,834)(130)(458)(483)1,471(1,625)3,292(932)791(6,946)(1,025)income taxes23(97)(192)Loss from equity methodinvestments(492)Net income (loss) including(7)(9)(34)(37)non-controlling interests(962)879(6 788)Less: net income (loss)%24 Recently, Uber released its financial statements for the year ended Dec 31 2021 (AppendixA). Uber showed a loss of $570 million on sales of 17.455 billion. Some analysts are quickto blame Covid-19 for this loss, but others pointed to bigger long-term issues and remindedinvestors that Uber has consistently lost money over the past few years, and generated aloss of $8.5 billion on sales of 13.0 billion in 2019 (a year before Covid, also known as the-before-times).For simplicity purposed, assume the following cost structure:Cost of Revenues and Operations & Support expenses are all variableSales and Marketing , R+D, General + Administrative, and Depreciation +Amortization expenses are all fixed.Interest Expense, Other income (expense), and tax and loss from equity method canbe ignored for this analysis1. Based on the financial information in Appendix A, how much would revenues haveto have been in 2021 in order for Uber to break even?2. What level of Revenue would Uber need to have reached in 2021 to make a profit of$2 billion.3. What percentage increase would Contribution Margin need to increase in order forUber to break-even on Revenues of $19 billion (assuming that fixed costs do notchange)?

Answered: Image /qna-images/answer/68ff11ee-f041-447e-ae07-00480cf7f941.jpg

1. Based on the financial information in Appendix A, how much would revenues have to have been in 2021 in order for Uber to break even? 2. What level of Revenue would Uber need to have reached in 2021 to make a profit of $2 billion. 3. What percentage increase would Contribution Margin need to increase in order for Uber to break-even on Revenues of $19 billion (assuming that fixed costs do not change)?

1. Based on the financial information in Appendix A, how much would revenues have to have been in 2021 in order for Uber to break even? 2. What level of Revenue would Uber need to have reached in 2021 to make a profit of $2 billion. 3. What percentage increase would Contribution Margin need to increase in order for Uber to break-even on Revenues of $19 billion (assuming that fixed costs do not change)?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 2C: It is the end of 2019 and you are an accountant for Stone Company. During 2019, sales of the...

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