EBITDA in 2021 according to Capital IQ

    In your resources you were provided some of the top sources of credible accounting information. Using those websites and other sites where you can find credible information, answer the following questions and complete the following activities. Make sure that you use the dates specified in each section. 1. Peruse all the websites to determine what types of information you can find in each of them and write a two or three sentence statement about each one. 2. Assume you are the Chief Executive Officer of a public company listed on the New York Stock Exchange. Do you and the Chief Financial Officer personally have to attest that adequate internal control procedures have been set up in your company, and that those controls are operating effectively? Or is this something that only the auditors must attest to in the audited financial statements? 3. I understand I can deduct my automobile cost by just taking a fixed amount per mile. How much of my automobile cost can I deduct for business use? Can I deduct automobile cost on my personal income tax an amount for doing charity work? Can I deduct an amount for automobile cost for going to the doctor or other medical needs? How about for moving to a new job? If so, how much can I deduct for each of these in 2021? 4. If you have not done so already, register an account with Capital IQ (listed as required resources for this course). You would have gotten an email from Capital IQ with the registration instructions. If you haven't, email me immediately. This is free with your MTSU email. Read this brief introduction to Capital IQ. Answer the following questions about Nathan's Famous Hot Dogs. Pay careful attention to what year(s) is being asked about in each question. o How much was EBITDA in 2021 according to Capital IQ? How much was EBITDA in 2021 according to the 10-K? Why are they different? They are different because Capital IQ standardizes financial data. What does this mean? Why would they do this? What are the advantages and disadvantages of standardized financial data? o How much was adjusted EBITDA in 2021 according to the 10-K? o What does EBITDA mean, and how is it different from adjusted EBITDA? Is standardized data that Capital IQ and other financial databases use have a similar purpose as adjusted EBITDA? Explain. o Is EBITDA the same as net income? If not how do the two terms differ? o Does U.S. GAAP recognize EBITDA? o How much was EBITDA in 2019 according to Capital IQ? How much was EBITDA in 2019 according to the 10-K? How much was adjusted EBITDA in 2019 according to the 10-K? Do you see the difference between 2019 and 2021 as a problem? Why? 5. The stockholders of Nathans have authorized the company to issue 30,000,000 shares of company stock but only a little over 9,000,000 have actually been issued. Yet, there are only a little more than 4,000,000 shares outstanding in the hands of stockholders. Nathans has not canceled any shares of stock. o Where are those other approximately 5,000,000 shares? o Tell me the exact number of shares issued and outstanding as of March 28, 2021. 6. Nathans has a significant amount of debt. What assurances does Nathan's make regarding their ability to pay these various debts? What actions does Nathans say they might take if they cannot pay their debt as it comes due? 7. Nathans issued several form 8-Ks in 2020. What is an 8-K? Nathans issued an 8-K on September 17, 2020, June 5, 2020, and another on April 27, 2020. What was the purpose of those three 8-Ks?