Question: What would be the difference between the payments due by Year 1 between Interest obligations and operating lease obligations if interest obligations were $10,000 thousand instead? (in thousand)

def solution():
    # Define variables name and value
    interest_obligations = 10000
    operating_lease_obligations = 10898

    # Do math calculation to get the answer
    answer = operating_lease_obligations - interest_obligations

    return answer

||||Payment Due by Period|||
|Contractual obligations|Total|Year 1|Years 2 - 3|Years 4 - 5|More than 5 years|
|Debt obligations (1)|$305,927|$28,430|$59,509|$55,708|$162,280|
|Interest obligations (1)|28,200|6,326|11,039|8,928|1,907|
|Operating lease obligations|48,311|10,898|14,302|9,402|13,709|
|Pension and other post-retirement benefits (2)|94,178|6,758|15,184|18,024|54,212|
|Employee separation liability|7,640|594|674|674|5,698|
|Restructuring liability|2,181|1,869|312|—|—|
|Purchase commitments|31,468|31,468|—|—|—|
|Capital lease obligations|2,049|993|888|168|—|
|Anti-trust fines and settlements (3)|34,880|21,712|10,203|2,965|—|
|Total|$554,834|$109,048|$112,111|$95,869|$237,806|
 Commitments At March 31, 2019, we had contractual obligations in the form of non-cancellable operating leases and debt, including interest payments (see Note 3, “Debt” and Note 15, “Commitments and Contingencies” to our consolidated financial statements), European social security, pension benefits, other post-retirement benefits, inventory purchase obligations, fixed asset purchase obligations, acquisition related obligations, and construction obligations as follows (amounts in thousands): (1) Refer to Note 3, “Debt” for additional information. Repayment of the Customer Capacity Agreements assumes the customers purchase products in a quantity sufficient to require the maximum permitted debt repayment amount per quarter. (2) Reflects expected benefit payments through fiscal year 2029. (3) In addition to amounts reflected in the table, an additional $2.9 million has been recorded in the line item "Accrued expenses," for which the timing of payment has not been determined.


Question: What would the change in furniture and fixtures between 2018 and 2019 be if furniture and fixtures were $5,000 thousand in 2018 instead? (in thousand)

def solution():
    # Define variables name and value
    furniture_fixtures_2019 = 6096
    furniture_fixtures_2018_modified = 5000

    # Do math calculation to get the answer
    answer = furniture_fixtures_2019 - furniture_fixtures_2018_modified

    return answer

|||December 31,||
||Useful Life|2019|2018|
|Computer equipment and software|3 – 5 years|$57,474|$52,055|
|Furniture and fixtures|7 years|6,096|4,367|
|Leasehold improvements|2 – 6 years|22,800|9,987|
|Renovation in progress|n/a|8|1,984|
|Build-to-suit property|25 years|—|51,058|
|Total property and equipment, gross||86,378|119,451|
|Less: accumulated depreciation and amortization||(49,852)|(42,197)|
|Total property and equipment, net||$36,526|$77,254|
 7. OTHER BALANCE SHEET AMOUNTS The components of property and equipment, net is as follows (in thousands): Depreciation expense for the years ended December 31, 2019, 2018, and 2017 was $11.8 million, $10.2 million, and $10.3 million, respectively.


Question: What is Accenture's average share price paid per share for June and July of 2019 if the number of shares bought in July is 400,000 instead?

def solution():
    # Define variables name and value
    shares_june = 801659
    price_june = 183.18
    shares_july = 400000
    price_july = 194.65

    # Do math calculation to get the answer
    answer = (shares_june * price_june + shares_july * price_july) / (shares_june + shares_july)

    return answer

|Period|Total Number of Shares Purchased|Average Price Paid per Share (1)|Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)|Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (3)|
|||||(in millions of U.S. dollars)|
|June 1, 2019 — June 30, 2019|801,659|$183.18|785,600|$3,924|
|July 1, 2019 — July 31, 2019|462,629|$194.65|442,846|$3,832|
|August 1, 2019 — August 31, 2019|850,036|$193.23|819,861|$3,674|
|Total (4)|2,114,324|$189.73|2,048,307||
 Purchases of Accenture plc Class A Ordinary Shares The following table provides information relating to our purchases of Accenture plc Class A ordinary shares during the fourth quarter of fiscal 2019. For year-to-date information on all of our share purchases, redemptions and exchanges and further discussion of our share purchase activity, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources—Share Purchases and Redemptions.” (1) Average price paid per share reflects the total cash outlay for the period, divided by the number of shares acquired, including those acquired by purchase or redemption for cash and any acquired by means of employee forfeiture. (2) Since August 2001, the Board of Directors of Accenture plc has authorized and periodically confirmed a publicly
announced open-market share purchase program for acquiring Accenture plc Class A ordinary shares. During
the fourth quarter of fiscal 2019, we purchased 2,048,307 Accenture plc Class A ordinary shares under this
program for an aggregate price of $389 million. The open-market purchase program does not have an expiration
date (3) As of August 31, 2019, our aggregate available authorization for share purchases and redemptions was $3,674 million, which management has the discretion to use for either our publicly announced open-market share purchase program or our other share purchase programs. Since August 2001 and as of August 31, 2019, the Board of Directors of Accenture plc has authorized an aggregate of $35.1 billion for share purchases and redemptions by Accenture plc and Accenture Canada Holdings Inc (4) During the fourth quarter of fiscal 2019, Accenture purchased 66,017 Accenture plc Class A ordinary shares in transactions unrelated to publicly announced share plans or programs. These transactions consisted of acquisitions of Accenture plc Class A ordinary shares primarily via share withholding for payroll tax obligations due from employees and former employees in connection with the delivery of Accenture plc Class A ordinary shares under our various employee equity share plans. These purchases of shares in connection with employee share plans do not affect our aggregate available authorization for our publicly announced open-market share purchase and our other share purchase programs.


Question: What would be the change in net property and equipment from International regions between 2017 and 2018 if net property and equipment from international regions in 2018 was $700 million instead? (in million)

def solution():
    # Define variables name and value
    international_property_and_equipment_2018 = 700
    international_property_and_equipment_2017 = 611

    # Do math calculation to get the answer
    answer = international_property_and_equipment_2018 - international_property_and_equipment_2017

    return answer

||July 27, 2019|July 28, 2018|July 29, 2017|
|Property and equipment, net:||||
|United States|$2,266|$2,487|$2,711|
|International|523|519|611|
|Total|$2,789|$3,006|$3,322|
 (c) Additional Segment Information The majority of our assets as of July 27, 2019 and July 28, 2018 were attributable to our U.S. operations. In fiscal 2019, 2018, and 2017, no single customer accounted for 10% or more of revenue. Property and equipment information is based on the physical location of the assets. The following table presents property and equipment information for geographic areas (in millions):


Question: What's the total revenue in 2019 if the percentage of total cost of revenue is 50% ? (in thousand)

def solution():
    # Define variables name and value
    total_cost_of_revenues = 712530
    percentage_of_cost_of_revenues = 50

    # Do math calculation to get the answer
    answer = (total_cost_of_revenues * 100) / percentage_of_cost_of_revenues

    return answer

||Years ended December 31|||2019 vs 2018|2018 vs 2017|
||2019|2018|2017|%|%|
||(in thousands, except percentages)|||||
|Cost of revenues:||||||
|Cost of subscription solutions|$ 128,155|$ 100,990|$ 61,267|26.9 %|64.8 %|
|Cost of merchant solutions|584,375|375,972|231,784|55.4 %|62.2 %|
|Total cost of revenues|$ 712,530|$ 476,962|$ 293,051|49.4 %|62.8 %|
|Percentage of revenues:||||||
|Cost of subscription solutions|8.1 %|9.4 %|9.1 %|||
|Cost of merchant solutions|37.0 %|35.0 %|34.4 %|||
||45.1 %|44.4 %|43.5 %|||
 Cost of Revenues Cost of Subscription Solutions Cost of subscription solutions increased $27.2 million, or 26.9%, for the year ended December 31, 2019 compared to the same period in 2018. The increase was primarily due to higher third-party infrastructure and hosting costs. The increase was also due to an increase in costs necessary to support a greater number of merchants using our platform, resulting in an increase in: credit card fees for processing merchant billings, employee-related costs, amortization of technology related to enhancing our platform, payments to third-party partners for the registration of domain names, and payments to third-party theme developers. As a percentage of revenues, costs of subscription solutions decreased from 9.4% in 2018 to 8.1% in 2019 due to a decrease in third-party infrastructure and hosting costs and employee-related costs as a percentage of revenue in 2019. Cost of subscription solutions increased $39.7 million, or 64.8%, for the year ended December 31, 2018 compared to the same period in 2017. The increase was primarily due to higher third-party infrastructure and hosting costs as well as higher employee-related costs. Cost of Merchant Solutions Cost of merchant solutions increased $208.4 million, or 55.4%, for the year ended December 31, 2019 compared to the same period in 2018. The increase was primarily due to the increase in GMV facilitated through Shopify Payments, which resulted in higher payment processing and interchange fees. The increase was also due to higher amortization, largely related to the technology resulting from the 6RS acquisition, higher product costs associated with expanding our product offerings and higher credit card fees for processing merchant billings. Cost of merchant solutions as a percentage of revenues increased from 35.0% in 2018 to 37.0% in 2019, mainly as a result of Shopify Payments representing a larger percentage of total revenue. Cost of merchant solutions increased $144.2 million, or 62.2%, for the year ended December 31, 2018 compared to the same period in 2017. The increase was primarily due to the increase in GMV facilitated through Shopify Payments, which resulted in payment processing fees, including interchange fees, increasing for the year ended December 31, 2018 as compared to the same period in 2017.


Question: What would be the change in the balance of software solutions between 2017 and 2018 if the balance in 2017 was $2,000 million instead? (in million)

def solution():
    # Define variables name and value
    balance_2017 = 2000
    balance_2018 = 2157.6

    # Do math calculation to get the answer
    answer = balance_2018 - balance_2017

    return answer

||Software Solutions|Data and Analytics|Corporate and Other|Total|
|Balance, December 31, 2017|$2,134.7|$172.1|$—|$2,306.8|
|HeavyWater and Ernst acquisitions (Note 3)|22.9|—|—|22.9|
|Balance, December 31, 2018|2,157.6|172.1|—|2,329.7|
|Compass Analytics acquisition (Note 3)|31.7|—|—|31.7|
|Balance, December 31, 2019|$2,189.3|$172.1|$—|$2,361.4|
 (10) Goodwill Goodwill consists of the following (in millions): The increase in Goodwill related to our Compass Analytics acquisition is deductible for tax purposes. For the 2018 increase in Goodwill, $19.7 million is deductible for tax purposes and $3.2 million is not deductible for tax purposes.


Question: If the Gas and Power increased by 10% in 2019, what is the revised increase / (decrease)? (in million)

def solution():
    # Define variables name and value
    gas_and_power_2019 = 679
    gas_and_power_2018 = 722
    increase_percentage = 0.1

    # Do math calculation to get the answer
    revised_gas_and_power_2019 = gas_and_power_2019 * (1 + increase_percentage)
    answer = revised_gas_and_power_2019 - gas_and_power_2018

    return answer

|||Fiscal year||
|(in millions of €, earnings per share in €)|2019|2018|% Change|
|Digital Industries|2,880|2,898|(1) %|
|Smart Infrastructure|1,500|1,574|(5) %|
|Gas and Power|679|722|(6) %|
|Mobility|983|958|3 %|
|Siemens Healthineers|2,461|2,221|11 %|
|Siemens Gamesa Renewable Energy|482|483|0 %|
|Industrial Businesses|8,986|8,857|1 %|
|Adjusted EBITA margin Industrial Businesses|10.9 %|11.1 %||
|Financial Services|632|633|0 %|
|Portfolio Companies|(71)|(305)|77 %|
|Reconciliation to Consolidated Financial Statements|(2,028)|(1,135)|(79) %|
|Income from continuing operations before income taxes|7,518|8,050|(7) %|
|Income tax expenses|(1,872)|(2,054)|9 %|
|Income from continuing operations|5,646|5,996|(6) %|
|Income from discontinued operations, net of income taxes|3|124|(98) %|
|Net income|5,648|6,120|(8) %|
|Basic earnings per share|6.41|7.12|(10) %|
|ROCE|11.1 %|12.6 %||
 A.4.2 Income As a result of the development described for the segments, Income from continuing operations before income taxes declined 7 %. Severance charges for continuing operations were € 619 million, of which € 492 million were in Industrial Businesses. Accordingly, Adjusted EBITA margin Industrial Businesses excluding severance charges was 11.5 % in fiscal 2019. In fiscal 2018, severance charges for continuing operations were € 923 million, of which € 669 million were in Industrial Businesses. The tax rate of 25% for fiscal 2019 was below the tax rate of 26% for the prior year, benefiting mainly from the reversal of income tax provisions outside Germany. As a result, Income from continuing operations declined 6%. Income from discontinued operations, net of income taxes in the prior year included positive effects from the release of a provision related to former Communications activities. The decline in basic earnings per share reflects the decrease of Net income attributable to Shareholders of Siemens AG, which was € 5,174 million in fiscal 2019 compared to € 5,807 million in fiscal 2018, partially offset by a lower number of weighted average shares outstanding. Basic earnings per share excluding severance charges was € 6.93. As expected, ROCE at 11.1 % was below the target range set in our Siemens Financial Framework, reflecting in particular the effects from portfolio transactions in recent years, including the acquisitions of Mentor and Mendix at Digital Industries and the merger of Siemens’ wind power business with Gamesa Corporación Tecnológica, S. A. that created SGRE. The decline year-over-year was due both to lower income before interest after tax and to higher average capital employed.


Question: What would be the average non-GAAP gross profit for the 3 year period from 2017 to 2019, if the non-GAAP gross profit in 2019 was 165,000 thousand instead? (in thousand)

def solution():
    # Define variables name and value
    gross_profit_2019 = 165000
    gross_profit_2018 = 163376
    gross_profit_2017 = 153849

    # Do math calculation to get the answer
    answer = (gross_profit_2019 + gross_profit_2018 + gross_profit_2017) / 3

    return answer

||For the year ended December 31,|||
|(in thousands, except percentages and per share data)|2019|2018|2017|
|Non-GAAP gross profit|$168,242|$163,376|$153,849|
|Non-GAAP gross margin|82.0%|84.6%|85.6%|
|Non-GAAP operating loss|$(8,689)|$(4,325)|$(16,440)|
|Non-GAAP operating margin|(4.2)%|(2.2)%|(9.1)%|
|Non-GAAP net loss|$(9,460)|$(4,548)|$(16,594)|
|Non-GAAP net loss per share|$(0.09)|$(0.04)|$(0.18)|
|Free cash flow|$(3,924)|$12,201|$(3,418)|
 Free cash flow Our non-GAAP financial measures also include free cash flow, which we define as cash provided by (used in) operating activities less the amount of property and equipment purchased. Management believes that information regarding free cash flow provides investors with an important perspective on the cash available to invest in our business and fund ongoing operations.

However, our calculation of free cash flow may not be comparable to similar measures used by other companies. We believe these non-GAAP financial measures are helpful in understanding our past financial performance and our future results. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP.

Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business, and make operating decisions. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Compensation of our executives is based in part on the performance of our business based on certain of these non-GAAP measures. We monitor the following non-GAAP financial measures:


Question: What would be the percentage change in total vessel operating and supervision costs from 2018 to 2019 if the total cost in 2019 was 135,273 thousand? (in percent)

def solution():
    # Define variables name and value
    total_cost_2018 = 128084
    total_cost_2019 = 135273

    # Do math calculation to get the answer
    percentage_change = (total_cost_2019 - total_cost_2018) / total_cost_2018 * 100

    return percentage_change

|||For the year ended December 31,||
||2017|2018|2019|
|Crew wages and vessel management employee costs|72,652|79,624|80,713|
|Technical maintenance expenses|28,736|28,694|37,653|
|Other vessel operating expenses|21,098|19,766|21,296|
|Total|122,486|128,084|139,662|
 GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data) 15. Vessel Operating and Supervision Costs An analysis of vessel operating and supervision costs is as follows:


Question: What were the balance of total assets at February 28, 2018 if other assets were now $20,000 thousand instead? (in thousand)

def solution():
    # Define variables name and value
    prepaid_expenses_and_other_current_assets = 12000
    deferred_income_tax_assets = 31581
    other_assets = 20000

    # Do math calculation to get the answer
    answer = prepaid_expenses_and_other_current_assets + deferred_income_tax_assets + other_assets

    return answer

||Balance at|ASC 606|Balance at|
||February 28, 2018|Adjustments|March 1, 2018|
||Assets|||
|Prepaid expenses and other current assets (1)|$12,000|1,891|$13,891|
|Deferred income tax assets|31,581|532|32,113|
|Other assets (1)|18,829|3,145|21,974|
|||||
||Liabilities and Stockholders' Equity|||
|Deferred revenue|$17,757|2,156|19,913|
|Other non-current liabilities|24,249|5,007|29,256|
|||||
||Stockholders' equity|||
 As a result of the adoption of ASC 606, our deferred product revenues and deferred product costs for the fleet management and auto vehicle finance verticals increased as balances are now amortized over the estimated average in-service lives of these devices. Deferred income tax assets and accumulated deficit increased as a result of the changes made to our deferred product revenues and deferred product costs. The cumulative effect of the changes made to our consolidated balance sheet for the adoption of ASC 606 were as follows (in thousands): (1) Deferred product costs included in Prepaid expenses and other current assets and Other assets amounted to $5.4 million and $6.0 million, respectively, as of March 1, 2018.


Question: What would be the percentage change in the balance of capped call between fiscal year ended June 30, 2018 and 2019 if the value in fiscal year 2018 was $150,000 thousand instead? (in percent)

def solution():
    # Define variables name and value
    balance_2018 = 150000
    balance_2019 = 214597

    # Do math calculation to get the answer
    answer = (balance_2019 - balance_2018) / balance_2018 * 100

    return answer

||Capped Call|Embedded exchange feature of Notes|Non-marketable investments|
|||(U.S. $ in thousands)||
|Balance as of June 30, 2017|$—|$—|$—|
|Purchases|87,700|(177,907)|—|
|Gains (losses)||||
|Recognized in other non-operating (expense) income, net|12,232|(24,646)||
|Balance as of June 30, 2018|99,932|(202,553)|—|
|Change in unrealized gains (losses) relating to assets and liabilities held as of June 30, 2018||||
|Recognized in other non-operating income (expense), net|12,232|(24,646)|—|
|Balance as of June 30, 2018|$99,932|$(202,553)|$—|
|Purchases|—|—|23,000|
|Transfer out|—|—|(20,942)|
|Gains (losses)||||
|Recognized in finance income|—|—|270|
|Recognized in other non-operating (expense) income, net|114,665|(648,573)|—|
|Recognized in other comprehensive income|—|—|672|
|Balance as of June 30, 2019|$214,597|$(851,126)|$3,000|
|Change in unrealized gains (losses) relating to assets and liabilities held as of June 30, 2019||||
|Recognized in other non-operating income (expense), net|114,665|(648,573)|—|
 Non-marketable investments Non-marketable equity securities are measured at fair value using market data, such as publicly available financing round valuations. Financial information of private companies may not be available and consequently we will estimate the fair value based on the best available information at the measurement date. The following table presents the reconciliations of Level 3 financial instrument fair values: There were transfers out from Level 3 due to initial public offerings of the respective investees during fiscal year 2019. There were no transfers between levels during fiscal year 2018.


Question: What would the change in total goodwill in 2019 from 2018 be if the amount in 2019 was 420.0 million instead? (in million)

def solution():
    # Define variables name and value
    goodwill_2019 = 420.0
    goodwill_2018 = 368.0

    # Do math calculation to get the answer
    answer = goodwill_2019 - goodwill_2018

    return answer

||2019 Goodwill|2018 Goodwill|
||£m|£m|
|Steam Specialties|113.0|119.3|
|Electric Thermal Solutions|244.7|183.0|
|Watson-Marlow|60.0|65.7|
|Total goodwill|417.7|368.0|
 15 Goodwill and other intangible assets continued Impairment In accordance with the requirements of IAS 36 (Impairment of Assets), goodwill is allocated to the Group’s cash-generating units, or groups of cash-generating units, that are expected to benefit from the synergies of the business combination that gave rise to the goodwill. During 2019, we performed a review on the basis of identification of our individual CGUs. As a result of this review, we have consolidated a number of our current individual CGUs into groups of CGUs that represent the lowest level to which goodwill is monitored for internal management purposes, being each operating segment as disclosed in Note 3. As a result, we performed an impairment review at an operating segment CGU level, the breakdown of the goodwill value at 31st December across these is shown below: In order to complete the transition to performing goodwill impairment reviews at an operating segment level, we also performed a goodwill impairment review as at 31st December 2019 under the historical CGU basis. The result of this impairment review led to an impairment of £4.2m being recognised in respect of Watson-Marlow FlowSmart. No other impairment was recognised. The goodwill balance has been tested for annual impairment on the following basis: • the carrying values of goodwill have been assessed by reference to value in use. These have been estimated using cash flows based on forecast information for the next financial year which have been approved by the Board and then extended up to a further 9 years based on the most recent forecasts prepared by management; • pre-tax discount rates range from 11-12% (2018: 10-15%); • short to medium-term growth rates vary between 3-8% depending on detailed forecasts (2018: 2-8%). The range in rates excludes the annualised impact of owning Thermocoax for a first full year in 2020. The short to medium-term is defined as not more than 10 years; and • long-term growth rates are set using IMF forecasts and vary between 1.8-2.5% (2018: 0.8-3.0%).


Question: What would be the change in Other stock-based compensation expenses between 2017 and 2018 if Other stock-based compensation expenses in 2017 was $7,000 thousand instead? (in thousand)

def solution():
    # Define variables name and value
    other_2018 = 7538
    other_2017 = 7000

    # Do math calculation to get the answer
    answer = other_2018 - other_2017

    return answer

|||Fiscal Year Ended August 31,||
||2019|2018|2017|
|Restricted stock units|$53,766|$84,082|$42,122|
|Employee stock purchase plan (1)|7,580|6,891|6,334|
|Other|—|7,538|88|
|Total|$61,346|$98,511|$48,544|
 11. Stockholders’ Equity The Company recognized stock-based compensation expense within selling, general and administrative expense as follows (in thousands): (1) For the fiscal year ended August 31, 2018, represents a one-time cash-settled stock award that vested on November 30, 2017.


Question: If the Contract liabilities and other liabilities assumed in 2019 is (2,051) thousand what is the revised increase / (decrease)? (in thousand)

def solution():
    # Define variables name and value
    contract_liabilities_assumed_2019 = -2051
    contract_liabilities_assumed_2018 = -3322

    # Do math calculation to get the answer
    answer = contract_liabilities_assumed_2019 - contract_liabilities_assumed_2018

    return answer

||Final|Preliminary|
||August 31, 2019|November 30, 2018|
|(In thousands of Canadian dollars)|$|$|
|Purchase price|||
|Consideration paid at closing|38,876|38,876|
|Balance due on business combinations|5,005|5,005|
||43,881|43,881|
|Net assets acquired|||
|Trade and other receivables|1,308|1,743|
|Prepaid expenses and other|335|335|
|Property, plant and equipment|28,785|45,769|
|Intangible assets|3,978|—|
|Goodwill|11,093|—|
|Trade and other payables assumed|(644)|(644)|
|Contract liabilities and other liabilities assumed|(974)|(3,322)|
||43,881|43,881|
 BUSINESS COMBINATION IN FISCAL 2019 Purchase of a fibre network and corresponding assets On October 3, 2018, the Corporation's subsidiary, Atlantic Broadband, completed the acquisition of the south Florida fibre network previously owned by FiberLight, LLC. The transaction, combined with the dark fibers acquired from FiberLight in the second quarter of fiscal 2018, added 350 route miles to Atlantic Broadband’s existing south Florida footprint. The acquisition was accounted for using the purchase method and was subject to post closing adjustments. The final allocation of the purchase price of this acquisition is as follows:


Question: If accounts receivable, net in 2019 was 140,000 thousands, what would be the accounts receivable, net increase / (decrease) from 2018 to 2019? (in thousand)

def solution():
    # Define variables name and value
    accounts_receivable_2019 = 140000
    accounts_receivable_2018 = 133136

    # Do math calculation to get the answer
    answer = accounts_receivable_2019 - accounts_receivable_2018

    return answer

||Year Ended December 31,||
|(In thousands)|2019|2018|
|Accounts receivable, net|$120,016|$133,136|
|Contract assets|18,804|12,128|
|Contract liabilities|50,974|52,966|
 Contract Assets and Liabilities The following table provides information about receivables, contract assets and contract liabilities from our revenue contracts with customers: Contract assets include costs that are incremental to the acquisition of a contract. Incremental costs are those that result directly from obtaining a contract or costs that would not have been incurred if the contract had not been obtained, which primarily relate to sales commissions. These costs are deferred and amortized over the expected customer life. We determined that the expected customer life is the expected period of benefit as the commission on the renewal contract is not commensurate with the commission on the initial contract. During the years ended December 31, 2019 and 2018, the Company recognized expense of $6.3 million and $2.9 million, respectively, related to deferred contract acquisition costs. Contract liabilities include deferred revenues related to advanced payments for services and nonrefundable, upfront service activation and set-up fees, which under the new standard are generally deferred and amortized over the expected customer life as the option to renew without paying an upfront fee provides the customer with a material right. During the years ended December 31, 2019 and 2018, the Company deferred and recognized revenues of $397.5 million and $354.2 million, respectively. A receivable is recognized in the period the Company provides goods or services when the Company’s right to consideration is unconditional. Payment terms on invoiced amounts are generally 30 to 60 days.


Question: What was the average risk-free interest rate for the 3 year period from 2017 to 2019, if the risk-free interest rate for 2017 was 1.5% instead? (in percent)

def solution():
    # Define variables name and value
    rf_rate_2019 = 2.3
    rf_rate_2018 = 1.9
    rf_rate_2017 = 1.5
    start_year = 2017
    end_year = 2019

    # Do math calculation to get the answer
    answer = (rf_rate_2019 + rf_rate_2018 + rf_rate_2017) / (end_year - start_year + 1)

    return answer

||Year Ended|||
||December 27, 2019|December 28, 2018|December 29, 2017|
|Weighted average expected term|0.5 years|0.5 years|0.4 years|
|Risk-free interest rate|2.3%|1.9%|1.1%|
|Dividend yield|0.0%|0.0%|0.0%|
|Volatility|56.0%|52.7%|47.8%|
 2017 ESPP In May 2017, we adopted the 2017 Employee Stock Purchase Plan (the “2017 ESPP”). The 2017 ESPP grants employees the ability to designate a portion of their base-pay to purchase ordinary shares at a price equal to 85% of the fair market value of our ordinary shares on the first or last day of each 6 month purchase period. Purchase periods begin on January 1 or July 1 and end on June 30 or December 31, or the next business day if such date is not a business day. Shares are purchased on the last day of the purchase period. The table below sets forth the weighted average assumptions used to measure the fair value of 2017 ESPP rights: We recognize share-based compensation expense associated with the 2017 ESPP over the duration of the purchase period. We recognized$0.3 million, $0.3 million, and $0.1 million of share-based compensation expense associated with the 2017 ESPP during 2019, 2018, and 2017, respectively. At December 27, 2019, there was no unrecognized share-based compensation expense.


Question: What would be the percentage change in the stock options and warrants between 2018 and 2019 if the amount in 2019 is increased by 10%? (in percent)

def solution():
    # Define variables name and value
    stock_options_warrants_2019 = 420
    stock_options_warrants_2018 = 214
    increase_percentage = 0.1

    # Do math calculation to get the answer
    stock_options_warrants_2019_new = stock_options_warrants_2019 * (1 + increase_percentage)
    change = stock_options_warrants_2019_new - stock_options_warrants_2018
    percentage_change = (change / stock_options_warrants_2018) * 100

    return percentage_change

|December 31|||
||2019|2018|
|Net operating loss carryforwards|$7,672|$4,541|
|Stock options and warrants|420|214|
|Property|138|299|
|Intangible assets|66|94|
|Capitalized expenses|54|86|
|Other|210|164|
|Operating right-of-use lease assets|(667)||
|Operating right-of-use lease liabilities|794||
|Net deferred tax assets|8,687|5,398|
|Less: Valuation allowance|(8,687)|(5,398)|
|Deferred tax asset (liability)|$             -|$             -|
 NOTE 13. INCOME TAXES We calculate our provision for federal and state income taxes based on current tax law. U.S. federal tax reform (Tax Act) was enacted on December 22, 2017, and has several key provisions impacting the accounting for and reporting of income taxes. The most significant provision reduced the U.S. corporate statutory tax rate from 35% to 21% beginning on January 1, 2018. We remeasured the applicable deferred tax assets and liabilities based on the rates at which they are expected to reverse. As a result, the gross deferred tax assets and liabilities were adjusted which resulted in an expense for income taxes of $7.1 million which was fully offset by a corresponding change to our valuation allowance in 2017. The Tax Act contains several base broadening provisions that became effective on January 1, 2018, that did not have a material impact on 2018 and 2019 earnings. Deferred tax asset (liability) is comprised of the following (in thousands): We have determined it is more likely than not that our deferred tax assets will not be realized. Accordingly, we have provided a valuation allowance for deferred tax assets.


Question: What is the difference in the total remuneration for Key Management Personnel of the Group between 2018 and 2019 if the total remuneration in 2019 is 22,000,000?

def solution():
    # Define variables name and value
    remuneration_2019 = 22000000
    remuneration_2018 = 21249326

    # Do math calculation to get the answer
    answer = remuneration_2019 - remuneration_2018

    return answer

||2019|2018|
||$|$|
|Short-term employee benefits|12,175,184|14,217,931|
|Post employment benefits|322,733|297,319|
|Other long-term benefits|161,569|139,776|
|Share-based payments|9,177,425|6,594,300|
||21,836,911|21,249,326|
 This section highlights the Group’s transactions with its related parties, such as its subsidiaries and Key Management Personnel. During the reporting period and previous reporting periods, Woolworths Group Limited advanced loans to, received and repaid loans from, and provided treasury, accounting, legal, taxation, and administrative services to other entities within the Group. Entities within the Group also exchanged goods and services in sale and purchase transactions. All transactions occurred on the basis of normal commercial terms and conditions. Balances and transactions between the Company and its subsidiaries, which are related parties of the Company, have been eliminated on consolidation and are not disclosed in this note. All transactions with directors and Key Management Personnel (including their related parties) were conducted on an arm’s length basis in the ordinary course of business and under normal terms and conditions for customers and employees. Related parties of Key Management Personnel who are employees received normal employee benefits on standard terms and conditions. The total remuneration for Key Management Personnel of the Group is as follows: Details of equity instruments provided as compensation to Key Management Personnel and shares issued on exercise of these instruments, together with the terms and conditions of the instruments, are disclosed in the Remuneration Report.


Question: What would be the change in accounts payable from 2018 to 2019 if accounts payable in 2019 was 130,000?

def solution():
    # Define variables name and value
    accounts_payable_2018 = 80640
    accounts_payable_2019 = 130000

    # Do math calculation to get the answer
    answer = accounts_payable_2019 - accounts_payable_2018

    return answer

||December 31,||
||2018|2019|
|Financial assets:|||
|Cash and cash equivalents|285,907|497,874|
|Accounts receivable|173,450|199,535|
|Financial liabilities:|||
|Accounts payable|80,640|119,712|
 NOTE 17. FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT FINANCIAL INSTRUMENTS Financial instruments include: The carrying amounts of cash and cash equivalents, accounts receivable and accounts payable equal their fair values because of the short-term nature of these instruments.


Question: If the Sales Mix of Software in 2019 increased to 157,699 thousand, what would be the revised change between 2018 and 2019? (in thousand)

def solution():
    # Define variables name and value
    software_sales_2019 = 157699
    software_sales_2018 = 107363

    # Do math calculation to get the answer
    answer = software_sales_2019 - software_sales_2018

    return answer

||APAC|||
|Sales Mix|2019|2018|%Change|
|Hardware|$34,965|$29,496|19%|
|Software|92,988|107,363|(13%)|
|Services|52,288|50,055|4%|
||$180,241|$186,914|(4%)|
 Our net sales by offering category for APAC for 2019 and 2018, were as follows (dollars in thousands): Net sales in APAC decreased 4% (increased 2% excluding the effects of fluctuating foreign currency rates), or $6.7 million, in 2019 compared to 2018. In APAC, increases in hardware and services net sales year over year were offset by a decrease in software net sales during 2019 compared to 2018. The changes were the result of the following: • Continued expansion of hardware offerings in the APAC market resulted in higher net sales in this category. • Continued trend toward higher sales of cloud solution offerings that are recorded on a net sales recognition basis in the services net sales category resulted in declines in the software net sales category. • Higher volume of net sales of cloud solution offerings and software referral fees that are recorded on a net sales recognition basis positively impacted services net sales. Additionally, there were contributions from Insight delivered services from increased net sales of our digital innovation solutions offering.


Question: If the Accrued expenses and deferred revenue in 2019 reduced to 7,478 thousand what would be the increase/ (decrease) in Accrued expenses and deferred revenue from 2018 to 2019? (in thousand)

def solution():
    # Define variables name and value
    accrued_expenses_deferred_revenue_2019 = 7478
    accrued_expenses_deferred_revenue_2018 = 12848

    # Do math calculation to get the answer
    answer = accrued_expenses_deferred_revenue_2019 - accrued_expenses_deferred_revenue_2018

    return answer

||Year Ended December 31,||
|(In thousands)|2019|2018|
|Non-current deferred tax assets:|||
|Reserve for uncollectible accounts|$1,194|$1,164|
|Accrued vacation pay deducted when paid|4,152|4,371|
|Accrued expenses and deferred revenue|9,839|12,848|
|Net operating loss carryforwards|86,535|76,659|
|Pension and postretirement obligations|80,245|84,786|
|Share-based compensation|693|9|
|Derivative instruments|5,868|(825)|
|Financing costs|176|189|
|Tax credit carryforwards|6,077|6,411|
||194,779|185,612|
|Valuation allowance|(6,680)|(9,158)|
|Net non-current deferred tax assets|188,099|176,454|
|Non-current deferred tax liabilities:|||
|Goodwill and other intangibles|(66,271)|(82,992)|
|Basis in investment|(5)|(12)|
|Partnership investments|(16,138)|(14,425)|
|Property, plant and equipment|(278,712)|(267,154)|
||(361,126)|(364,583)|
|Net non-current deferred taxes|$(173,027)|$(188,129)|
 Deferred Taxes The components of the net deferred tax liability are as follows: Deferred income taxes are provided for the temporary differences between assets and liabilities recognized for financial reporting purposes and assets and liabilities recognized for tax purposes. The ultimate realization of deferred tax assets depends upon taxable income during the future periods in which those temporary differences become deductible. To determine whether deferred tax assets can be realized, management assesses whether it is more likely than not that some portion or all of the deferred tax assets will not be realized, taking into consideration the scheduled reversal of deferred tax liabilities, projected future taxable income and tax-planning strategies. Consolidated and its wholly owned subsidiaries, which file a consolidated federal income tax return, estimates it has available federal NOL carryforwards as of December 31, 2019 of $349.5 million and related deferred tax assets of $73.4 million. The federal NOL carryforwards for tax years beginning after December 31, 2017 of $60.7 million and related deferred tax assets of $12.8 million can be carried forward indefinitely. The federal NOL carryforwards for the tax years prior to December 31, 2017 of $288.8 million and related deferred tax assets of $60.6 million expire in 2026 to 2035. ETFL, a nonconsolidated subsidiary for federal income tax return purposes, estimates it has available NOL carryforwards as of December 31, 2019 of $1.0 million and related deferred tax assets of $0.2 million. ETFL’s federal NOL carryforwards are for the tax years prior to December 31, 2017 and expire in 2021 to 2024. We estimate that we have available state NOL carryforwards as of December 31, 2019 of $758.5 million and related deferred tax assets of $16.7 million. The state NOL carryforwards expire from 2020 to 2039. Management believes that it is more likely than not that we will not be able to realize state NOL carryforwards of $80.3 million and related deferred tax asset of $5.2 million and has placed a valuation allowance on this amount. The related NOL carryforwards expire from 2020 to 2037. If or when recognized, the tax benefits related to any reversal of the valuation allowance will be accounted for as a reduction of income tax expense. The enacted Tax Act repeals the federal alternative minimum tax (“AMT”) regime for tax years beginning after December 31, 2017. We have available AMT credit carryforwards as of December 31, 2019 of $1.5 million, which will be fully refundable with the filing of the 2019 federal income tax return in 2020. We estimate that we have available state tax credit carryforwards as of December 31, 2019 of $7.7 million and related deferred tax assets of $6.1 million. The state tax credit carryforwards are limited annually and expire from 2020 to 2029. Management believes that it is more likely than not that we will not be able to realize state tax carryforwards of $1.8 million and related deferred tax asset of $1.5 million and has placed a valuation allowance on this amount. The related state tax credit carryforwards expire from 2020 to 2024. If or when recognized, the tax benefits related to any reversal of the valuation allowance will be accounted for as a reduction of income tax expense.


Question: What would be the change in basic EPS from 2018 to 2019 if the amount was 0.59 in 2019?

def solution():
    # Define variables name and value
    basic_EPS_2018 = 0.47
    basic_EPS_2019 = 0.59

    # Do math calculation to get the answer
    answer = basic_EPS_2019 - basic_EPS_2018

    return answer

|||For the year ended December 31,||
||2017|2018|2019|
|Basic earnings/(loss) per share||||
|Profit/(loss) for the year attributable to owners of the Group|15,506|47,683|(100,661)|
|Less: Dividends on Preference Shares|(10,064)|(10,063)|(10,063)|
|Profit/(loss) for the year available to owners of the Group|5,442|37,620|(110,724)|
|Weighted average number of shares outstanding, basic|80,622,788|80,792,837|80,849,818|
|Basic earnings/(loss) per share|0.07|0.47|(1.37)|
|Diluted earnings/(loss) per share||||
|Profit/(loss) for the year available to owners of the Group used in the calculation of diluted EPS|5,442|37,620|(110,724)|
|Weighted average number of shares outstanding, basic|80,622,788|80,792,837|80,849,818|
|Dilutive potential ordinary shares|643,342|844,185|—|
|Weighted average number of shares used in the calculation of diluted EPS|81,266,130|81,637,022|80,849,818|
|Diluted earnings/(loss) per share|0.07|0.46|(1.37)|
 GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data) 29. Earnings/(losses) per share (‘‘EPS’’) Basic earnings/(losses) per share was calculated by dividing the profit/(loss) for the year attributable to the owners of the common shares after deducting the dividend on Preference Shares by the weighted average number of common shares issued and outstanding during the year. Diluted EPS is calculated by dividing the profit/(loss) for the year attributable to the owners of the Group adjusted for the effects of all dilutive potential ordinary shares by the weighted average number of all potential ordinary shares assumed to have been converted into common shares, unless such potential ordinary shares have an antidilutive effect. The following reflects the earnings/(losses) and share data used in the basic and diluted earnings/ (losses) per share computations: The Group excluded the effect of 2,630,173 SARs and 367,162 RSUs in calculating diluted EPS for the year ended December 31, 2019, as they were anti-dilutive (December 31, 2018: 555,453 SARs and 0 RSUs, December 31, 2017: 998,502 SARs and 0 RSUs).


Question: If 2019 second quarter high was 15.22, what would be the increase / (decrease) in the 2019 second quarter between low and high?

def solution():
    # Define variables name and value
    second_quarter_high = 15.22
    second_quarter_low = 14.72

    # Do math calculation to get the answer
    answer = second_quarter_high - second_quarter_low

    return answer

|2019|High|Low|
|Fourth quarter|$21.17|$13.92|
|Third quarter|$17.02|$13.88|
|Second quarter|$16.72|$14.72|
|First quarter|$15.55|$11.78|
|2018|High|Low|
|Fourth quarter|$13.00|$10.77|
|Third quarter|$12.98|$11.30|
|Second quarter|$12.14|$9.80|
|First quarter|$10.30|$9.08|
 Item 5. Market for Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities. Our common shares, without par value, are traded on the NASDAQ Stock Market LLC under the symbol “AGYS”. The high and low sales prices for the common shares for each quarter during the past two fiscal years are presented in the table below. The closing price of the common shares on May 21, 2019, was $22.51 per share. There were 1,561 active shareholders of record. We did not pay dividends in fiscal 2019 or 2018 and are unlikely to do so in the foreseeable future. The current policy of the Board of Directors is to retain any available earnings for use in the operations of our business.


Question: What is the total Adjusted EBITDA for Telematics Systems and Software & Subscription Services in 2019 if adjusted EBITDA for Telematics Systems was $30,000 thousand? (in thousand)

def solution():
    # Define variables name and value
    telematics_systems_adjusted_EBITDA = 30000
    software_subscription_services_adjusted_EBITDA = 13093

    # Do math calculation to get the answer
    answer = telematics_systems_adjusted_EBITDA + software_subscription_services_adjusted_EBITDA

    return answer

||Fiscal years ended||||
||February 28,||||
|(In thousands)|2019|2018|$ Change|% Change|
||Segment||||
|Telematics Systems|$40,821|$48,943|$(8,122)|(17.0%)|
|Software & Subscription Services|13,093|8,233|4,860|59.0%|
|Corporate Expense|(5,699)|(4,794)|(905)|19.0%|
|Total Adjusted EBITDA|$48,215|$52,382|$(4,167)|(8.0%)|
 Profitability Measures Net Income: Our net income in the fiscal year ended February 28, 2019 was $18.4 million as compared to net income of $16.6 million in the same period last year. The increase is due to a $11.7 million increase in operating income, $3.0 million increase in investment income and $12.0 million decrease in income tax provision. The increase in operating income was primarily attributable to $21.0 million decrease in general and administrative expense due to reduced legal provision and related costs as further discussed in Note 19 and partially offset by $8.0 million of restructuring expense. Adjusted EBITDA for Telematics Systems in the fiscal year ended February 28, 2019 decreased $8.1 million compared to the same period last year due to lower revenues as described above and the impact of high margin revenue earned on a strategic technology partnership arrangement in fiscal 2018. These factors were coupled with higher operating expenses in Telematics Systems as a result of increased headcount and outsourced professional service fees. Adjusted EBITDA for Software and Subscription Services increased $4.9 million compared to the same period last year due primarily to continued growth in revenues and gross profit from our Italia market and higher gross profit from our fleet management services. See Note 20 for reconciliation of Adjusted EBITDA by reportable segments and a reconciliation to GAAP-basis net income (loss).


Question: What would the percentage change in the Balance as of 31 December from 2018 to 2019 be if the amount in 2019 was $6.0 million instead? (in percent)

def solution():
    # Define variables name and value
    balance_2018 = 7.5
    new_balance_2019 = 6.0

    # Do math calculation to get the answer
    answer = ((new_balance_2019 - balance_2018) / balance_2018) * 100

    return answer

|USDm|2019|2018|
|Partners and commercial managements|1.9|-|
|Derivative financial instruments|0.5|3.7|
|Tax receivables|1.5|1.2|
|Other|2.3|2.6|
|Balance as of 31 December|6.2|7.5|
 NOTE 11 – OTHER RECEIVABLES No significant other receivables are past due or credit impaired. The carrying amount is a reasonable approximation of fair value due to the short-term nature of the receivables. Please refer to note 21 for further information on fair value hierarchies.


Question: What would be the total share of annual sales for the second half of the year if the fourth quarter goes up by 2%? (in percent)

def solution():
    # Define variables name and value
    third_quarter_share = 25
    fourth_quarter_share = 29
    increase_in_fourth_quarter = 2

    # Do math calculation to get the answer
    answer = third_quarter_share + fourth_quarter_share + increase_in_fourth_quarter

    return answer

|Most recent three-year average seasonality|||||
||First quarter|Second quarter|Third quarter|Fourth quarter|
|Sequential change, sales|-25%|11%|4%|17%|
|Share of annual sales|22%|24%|25%|29%|
 Seasonality The Company’s sales, income and cash flow from operations vary between quarters, and are generally lowest in the first quarter of the from operations vary between quarters, and are generally lowest in the first quarter of the year and highest in the fourth quarter. This is mainly a result of the seasonal purchase patterns of network operators.


Question: What would be the value of the 2018 accrued bonus as a percentage of the 2018 total accrued expenses if the total was increased by 10,000 thousand? (in percent)

def solution():
    # Define variables name and value
    accrued_bonus_2018 = 10766
    total_accrued_expenses_2018 = 42101
    additional_expenses = 10000

    # Do math calculation to get the answer
    answer = (accrued_bonus_2018 / (total_accrued_expenses_2018 + additional_expenses)) * 100

    return answer

||December 31,|December 31,|
||2019|2018|
|Accrued payroll and related taxes|$3,985|$3,800|
|Accrued federal, state, and local taxes|2,635|1,827|
|Accrued bonus|20,206|10,766|
|Self-insurance reserves|2,238|—|
|Employee stock purchase plan contributions|4,716|6,473|
|Accrued sales commissions|5,397|6,889|
|Accrued partner commissions|7,043|5,535|
|Contract liabilities|5,197|—|
|Accrued purchase price related to acquisitions|2,763|—|
|Other|7,924|6,811|
|Total|$62,104|$42,101|
 Accrued expenses consisted of the following (in thousands): Contract liabilities represent amounts that are collected in advance of the satisfaction of performance obligations under the new revenue recognition standard. See Recently Adopted Accounting Standards in Note 2 and Contract Liabilities in Note 6.


Question: What would be the average number of restricted stock units in 2018 and 2019 if the number of restricted stock units is decreased by 1,000,000 in 2019?

def solution():
    # Define variables name and value
    restricted_stock_units_2018 = 623603
    restricted_stock_units_2019 = 1235287
    decrease_in_2019 = 1000000

    # Do math calculation to get the answer
    average_restricted_stock_units = (restricted_stock_units_2018 + restricted_stock_units_2019 - decrease_in_2019) / 2

    return average_restricted_stock_units

|Year Ended December 31|||
||2019|2018|
|NUMERATOR: Basic and diluted - loss from continuing operations (in thousands)|$ (13,735)|$ (8,101)|
|DENOMINATOR: Basic and diluted - weighted average number of common shares outstanding (in thousands)|32,359,316|22,099,149|
|Number of shares of common stock which could be purchased with weighted average outstanding securities not included in diluted EPS because effect would be antidilutive:|||
|Stock options|1,024,811|911,264|
|Warrants|8,443,547|16,383,944|
|Convertible preferred stock|224,848|581,680|
|Restricted stock units|1,235,287|623,603|
|Weighted average number of nonvested shares of common stock not included in diluted EPS because effect would be antidilutive|659,581|1,169,986|
 NOTE 14. INCOME (LOSS) PER SHARE (EPS) Basic EPS is calculated under the two-class method under which all earnings (distributed and undistributed) are allocated to each class of common stock and participating securities based on their respective rights to receive dividends. Our outstanding convertible preferred stocks are considered participating securities as the holders may participate in undistributed earnings with holders of common shares and are not obligated to share in our net losses. Diluted EPS is computed by dividing the net income attributable to RiceBran Technologies common shareholders by the weighted average number of common shares outstanding during the period increased by the number of additional common shares that would have been outstanding if the impact of assumed exercises and conversions is dilutive. The dilutive effects of outstanding options, warrants, nonvested shares and restricted stock units that vest solely on the basis of a service condition are calculated using the treasury stock method. The dilutive effects of the outstanding preferred stock are calculated using the if-converted method. Below are reconciliations of the numerators and denominators in the EPS computations, and information on potentially dilutive securities. The impacts of potentially dilutive securities outstanding at December 31, 2019 and 2018, were not included in the calculation of diluted EPS in 2019 and 2018 because to do so would be anti-dilutive. Those securities listed in the table above which were anti-dilutive in 2019 and 2018, which remain outstanding, could potentially dilute EPS in the future.


Question: What would be the change in the fair value of sold forward contracts between 2018 and 2019 if the fair value of sold forward contracts in 2019 was $20 million instead? (in million)

def solution():
    # Define variables name and value
    fair_value_2019 = 20
    fair_value_2018 = 2

    # Do math calculation to get the answer
    answer = fair_value_2019 - fair_value_2018

    return answer

||July 27, 2019||July 28, 2018||
||Notional Amount|Fair Value|Notional Amount|Fair Value|
|Forward contracts:|||||
|Purchased|$2,239|$14|$1,850|$(2)|
|Sold|$1,441|$(14)|$845|$2|
 Foreign Currency Exchange Risk Our foreign exchange forward contracts outstanding at fiscal year-end are summarized in U.S. dollar equivalents as follows (in millions): At July 27, 2019 and July 28, 2018, we had no option contracts outstanding. We conduct business globally in numerous currencies. The direct effect of foreign currency fluctuations on revenue has not been material because our revenue is primarily denominated in U.S. dollars. However, if the U.S. dollar strengthens relative to other currencies, such strengthening could have an indirect effect on our revenue to the extent it raises the cost of our products to non-U.S. customers and thereby reduces demand. A weaker U.S. dollar could have the opposite effect. However, the precise indirect effect of currency fluctuations is difficult to measure or predict because our revenue is influenced by many factors in addition to the impact of such currency fluctuations Approximately 70% of our operating expenses are U.S.-dollar denominated. In fiscal 2019, foreign currency fluctuations, net of hedging, decreased our combined R&D, sales and marketing, and G&A expenses by approximately $233 million, or 1.3%, as compared with fiscal 2018. In fiscal 2018, foreign currency fluctuations, net of hedging, increased our combined R&D, sales and marketing, and G&A expenses by approximately $93 million, or 0.5%, as compared with fiscal 2017. To reduce variability in operating expenses and service cost of sales caused by non-U.S.-dollar denominated operating expenses and costs, we may hedge certain forecasted foreign currency transactions with currency options and forward contracts. These hedging programs are not designed to provide foreign currency protection over long time horizons. In designing a specific hedging approach, we consider several factors, including offsetting exposures, significance of exposures, costs associated with entering into a particular hedge instrument, and potential effectiveness of the hedge. The gains and losses on foreign exchange contracts mitigate the effect of currency movements on our operating expenses and service cost of sales. We also enter into foreign exchange forward and option contracts to reduce the short-term effects of foreign currency fluctuations on receivables and payables that are denominated in currencies other than the functional currencies of the entities. The market risks associated with these foreign currency receivables, investments, and payables relate primarily to variances from our forecasted foreign currency transactions and balances. We do not enter into foreign exchange forward or option contracts for speculative purposes


Question: What would be the change in total Research and development expenses if total research and development expense for 2019 was 100,000 instead?

def solution():
    # Define variables name and value
    rd_expense_2018 = 88_588
    rd_expense_2019 = 100_000

    # Do math calculation to get the answer
    answer = rd_expense_2019 - rd_expense_2018

    return answer

||Year ended December 31,||
||2018|2019|
|Research and development expenses|125,280|150,745|
|Capitalization of development expenses|(49,688)|(60,202)|
|Amortization of capitalized development expenses|12,039|15,597|
|Research and development grants and credits|(321)|(49)|
|Total research and development expenses|87,310|106,091|
|Impairment of research and development related assets|1,278|4,755|
|Total|88,588|110,846|
 NOTE 23. EXPENSES BY NATURE Research and development consists of the following: The impairment expenses in 2018 and 2019 are related to customer specific projects. The Company’s operations in the Netherlands, Belgium and the United States receive research and development grants and credits from various sources.


Question: How much was the Average Price Paid per Share from February 2019 to April 2019 if the total number of shares purchased in February 2019 was the same as that for April 2019 and the Average Price Paid per Share was 88.91?

def solution():
    # Define variables name and value
    feb_april_shares = 29.1
    feb_price = 88.91
    march_shares = 58.0
    march_price = 52.93
    april_shares = 29.1
    april_price = 54.41

    # Do math calculation to get the answer
    answer = (march_price * march_shares + april_price * april_shares + feb_price * feb_april_shares) / (march_shares + april_shares + feb_april_shares)

    return answer

||||Total Number of|Approximate Dollar|
||||Shares Purchased as|Value of Shares that|
||Total Number of|Average Price|Part of Publicly|May Yet Be|
||Shares|Paid per|Announced|Purchased|
|(in millions, except per share amounts)|Purchased|Share|Program|Under the Program|
|March 1, 2019—March 31, 2019|58.0|$52.93|58.0|$8,780.5|
|April 1, 2019—April 30, 2019|29.1|$54.41|29.1|$7,198.4|
|May 1, 2019—May 31, 2019|24.9|$54.11|24.9|$5,848.4|
|Total|112.0|$53.57|112.0||
 Stock Repurchase Program Our Board of Directors has approved a program for us to repurchase shares of our common stock. On September 17, 2018 and February 15, 2019, we announced that our Board of Directors approved expansions of our stock repurchase program totaling $24.0 billion. As of May 31, 2019, approximately $5.8 billion remained available for stock repurchases pursuant to our stock repurchase program. Our stock repurchase authorization does not have an expiration date and the pace of our repurchase activity will depend on factors such as our working capital needs, our cash requirements for acquisitions and dividend payments, our debt repayment obligations or repurchases of our debt, our stock price, and economic and market conditions. Our stock repurchases may be effected from time to time through open market purchases or pursuant to a rule 10b5-1 plan. Our stock repurchase program may be accelerated, suspended, delayed or discontinued at any time. The following table summarizes the stock repurchase activity for the three months ended May 31, 2019 and the approximate dollar value of shares that may yet be purchased pursuant to our stock repurchase program:


Question: What is the difference in short-term employee benefits between 2018 and 2019 if the short-term employee benefits in 2019 is 12,000,000?

def solution():
    # Define variables name and value
    short_term_employee_benefits_2019 = 12000000
    short_term_employee_benefits_2018 = 14217931

    # Do math calculation to get the answer
    answer = short_term_employee_benefits_2018 - short_term_employee_benefits_2019

    return answer

||2019|2018|
||$|$|
|Short-term employee benefits|12,175,184|14,217,931|
|Post employment benefits|322,733|297,319|
|Other long-term benefits|161,569|139,776|
|Share-based payments|9,177,425|6,594,300|
||21,836,911|21,249,326|
 This section highlights the Group’s transactions with its related parties, such as its subsidiaries and Key Management Personnel. During the reporting period and previous reporting periods, Woolworths Group Limited advanced loans to, received and repaid loans from, and provided treasury, accounting, legal, taxation, and administrative services to other entities within the Group. Entities within the Group also exchanged goods and services in sale and purchase transactions. All transactions occurred on the basis of normal commercial terms and conditions. Balances and transactions between the Company and its subsidiaries, which are related parties of the Company, have been eliminated on consolidation and are not disclosed in this note. All transactions with directors and Key Management Personnel (including their related parties) were conducted on an arm’s length basis in the ordinary course of business and under normal terms and conditions for customers and employees. Related parties of Key Management Personnel who are employees received normal employee benefits on standard terms and conditions. The total remuneration for Key Management Personnel of the Group is as follows: Details of equity instruments provided as compensation to Key Management Personnel and shares issued on exercise of these instruments, together with the terms and conditions of the instruments, are disclosed in the Remuneration Report.


Question: What would the percentage change in the total fees from 2018 to 2019 be if the amount in 2019 was 5,000,000 instead? (in percent)

def solution():
    # Define variables name and value
    total_fees_2018 = 4730883
    total_fees_2019_modified = 5000000

    # Do math calculation to get the answer
    answer = (total_fees_2019_modified - total_fees_2018) / total_fees_2018 * 100

    return answer

||Fiscal Year 2019 ($)|Fiscal Year 2018 ($)|
|AuditFees(1)|4,703,830|4,605,495|
|Audit-RelatedFees(2)|27,000|90,500|
|TaxFees(3)|194,170|34,888|
|AllOtherFees|—|—|
|TOTAL|4,925,000|4,730,883|
 Fees Billed by Ernst & Young LLP The table below shows the fees billed by EY for audit and other services provided to the Company in fiscal years 2019 and 2018. Figure 48. FY2019/2018 Fees Billed by Ernst & Young LLP (1) Audit Fees represent fees for professional services provided in connection with the audits of annual financial statements. Audit Fees also include reviews of quarterly financial statements, audit services related to other statutory or regulatory filings or engagements, and fees related to EY’s audit of the effectiveness of the Company’s internal control over financial reporting pursuant to section 404 of the Sarbanes-Oxley Act. (2) Audit-Related Fees represent fees for assurance and related services that are reasonably related to the audit or review of the Company’s financial statements and are not reported above under “Audit Fees”. These fees principally include due diligence and accounting consultation fees in connection with our acquisition of Coventor, Inc. in 2018 and an information systems audit in 2019. (3) Tax Fees represent fees for professional services for tax planning, tax compliance and review services related to foreign tax compliance and assistance with tax audits and appeals. The audit committee reviewed summaries of the services provided by EY and the related fees during fiscal year 2019 and has determined that the provision of non-audit services was compatible with maintaining the independence of EY as the Company’s independent registered public accounting firm. The audit committee or its delegate approved 100% of the services and related fee amounts for services provided by EY during fiscal year 2019.


Question: What would the percentage change in Restructuring charges, net in 2019 from 2018 be if the amount in 2019 was $240 million instead? (in percent)

def solution():
    # Define variables name and value
    restructuring_2019 = 240
    restructuring_2018 = 140

    # Do math calculation to get the answer
    answer = (restructuring_2019 - restructuring_2018) / restructuring_2018 * 100

    return answer

||||Fiscal|
||2019|2018|2017|
|||(in millions)||
|Restructuring charges, net|$ 255|$ 140|$ 146|
|Gain on divestiture|—|(2)|—|
|Other charges (credits), net|—|(12)|1|
|Restructuring and other charges, net|$ 255|$ 126|$ 147|
 3. Restructuring and Other Charges, Net Net restructuring and other charges consisted of the following:


Question: What would the change in cost of revenue between 2017 and 2018 be if cost of revenue was $150,000 thousand in 2018 instead? (in thousand)

def solution():
    # Define variables name and value
    cost_of_revenue_2018 = 150000
    cost_of_revenue_2017 = 142867

    # Do math calculation to get the answer
    answer = cost_of_revenue_2018 - cost_of_revenue_2017

    return answer

|||Year Ended December 31,||
||2019|2018|2017|
|||(dollars in thousands)||
|Cost of revenue|$149,215|$144,349|$142,867|
|Gross profit|$427,308|$393,542|$339,118|
|Gross margin|74.1%|73.2%|70.4%|
 Cost of Revenue, Gross Profit, and Gross Margin Cost of revenue increased $4.9 million, or 3%, in 2019 as compared to 2018. The increase in cost of revenue was primarily due to $12.1 million in increased personnel expenses, stock-based compensation, and overhead costs, $3.9 million in increased content costs, $3.6 million in increased amortization of acquired intangible assets, and $1.6 million in increased capitalized software amortization. These increased costs were partially offset by $16.4 million in decreased external implementation professional service costs. These costs were incurred to service our existing customers and support our continued growth. The improvement in gross margin was primarily due to a higher mix of subscription revenue, which carries a higher gross margin. Cost of revenue increased $1.5 million, or 1%, in 2018 as compared to 2017. The increase in cost of revenue was primarily due to $6.0 million in increased capitalized software amortization and $4.5 million in increased content costs. These increased costs were partially offset by $6.6 million in decreased amortization of acquired intangible assets and $2.9 million in external implementation service costs. These costs were incurred to service our existing customers and support our continued growth. The improvement in gross margin was primarily due to a higher mix of subscription revenue, which carries a higher gross margin.


Question: If the value of Net deferred tax assets were $208.6(in millions) instead, all else constant, What is the value of Sub-total deferred tax assets as a percentage of Net deferred tax assets for 2019? (in percent)

def solution():
    # Define variables name and value
    sub_total_deferred_tax_assets = 452.9
    net_deferred_tax_assets = 208.6

    # Do math calculation to get the answer
    answer = (sub_total_deferred_tax_assets / net_deferred_tax_assets) * 100

    return answer

||December 31,||
|(In millions)|2019|2018|
|Accruals not yet deductible for tax purposes|$ 17.4|$ 17.5|
|Net operating loss carryforwards|245.9|265.5|
|Foreign, federal and state credits|8.4|10.4|
|Employee benefit items|79.5|77.0|
|Capitalized expenses|32.2|8.9|
|Intangibles|21.8|—|
|Derivatives and other|47.7|38.0|
|Sub-total deferred tax assets|452.9|417.3|
|Valuation allowance|(197.6)|(218.4)|
|Total deferred tax assets|$ 255.3|$ 198.9|
|Depreciation and amortization|$ (37.0)|$ (26.8)|
|Unremitted foreign earnings|(10.0)|—|
|Intangible assets|—|(21.7)|
|Other|(0.4)|(0.4)|
|Total deferred tax liabilities|(47.4)|(48.9)|
|Net deferred tax assets|$ 207.9|$ 150.0|
 Deferred tax assets (liabilities) consist of the following: A valuation allowance has been provided based on the uncertainty of utilizing the tax benefits, mainly related to the following deferred tax assets: • $183.4 million of foreign items, primarily net operating losses; and • $7.7 million of state tax credits. For the year ended December 31, 2019, the valuation allowance decreased by $20.8 million. This is primarily driven by our Reinvent SEE initiatives and decreases in foreign tax rates. As of December 31, 2019, we have foreign net operating loss carryforwards of $899.4 million expiring in years beginning in 2020 with the majority of losses having an unlimited carryover. The state net operating loss carryforwards totaling $569.3 million expire in various amounts over 1 to 19 years.


Question: If the debt discount, net of amortization in December 31, 2019 was reduced to 11,301 thousand, what would be the revised change? (in thousand)

def solution():
    # Define variables name and value
    debt_discount_2019 = 11301
    debt_discount_2018 = 20903

    # Do math calculation to get the answer
    answer = debt_discount_2019 - debt_discount_2018

    return answer

||As of December 31,||
||2019|2018|
|Liability component:|||
|Principal|$92,000|$115,000|
|Less: debt discount, net of amortization|(12,776)|(20,903)|
|Net carrying amount|$79,224|$94,097|
|Equity component (1)|(14,555)|22,094|
 The 2022 Notes consist of the following (in thousands): (1) Recorded in the consolidated balance sheet within additional paid-in capital, net of $0.8 million transaction costs in equity. December 31, 2019 also includes $36.7 million market premium representing the excess of the total consideration delivered over the fair value of the liability recognized related to the $23.0 million principal balance repurchase of the 2022 Notes.


Question: What would the percentage change in the loss before income taxes and equity in net income/(loss) of affiliates from 2018 to 2019 be if the amount in 2019 was (700) million instead? (in percent)

def solution():
    # Define variables name and value
    loss_2019 = -700
    loss_2018 = -882

    # Do math calculation to get the answer
    answer = (loss_2019 - loss_2018) / loss_2018 * 100

    return answer

||Year Ended December 31,|||
|(IN MILLIONS)|2019|2018|2017|
|UK|$(30)|$3|$27|
|Non-UK|(633)|(885)|801|
|Income/(loss) before income taxes and equity in net income/(loss) of affiliates|$(663)|$(882)|$828|
 15. Income Taxes Nielsen provides for income taxes utilizing the asset and liability method of accounting for income taxes. Under this method, deferred income taxes are recorded to reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts at each balance sheet date, based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. If it is determined that it is more likely than not that future tax benefits associated with a deferred tax asset will not be realized, a valuation allowance is provided. The effect on deferred tax assets and liabilities of a change in the tax rates is recognized in the consolidated statements of operations as an adjustment to income tax expense in the period that includes the enactment date. The Company records a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. Such tax positions are, based solely on their technical merits, more likely than not to be sustained upon examination by taxing authorities and reflect the largest amount of benefit, determined on a cumulative probability basis that is more likely than not to be realized upon settlement with the applicable taxing authority with full knowledge of all relevant information. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expense. On December 22, 2017, the TCJA was signed into law and significantly changed the way the U.S. taxes corporations. The TCJA reduced the U.S. federal corporate income tax rate from 35 percent to 21 percent and created a territorial-style taxing system. The TCJA required companies to pay a one-time transition tax on earnings of certain foreign subsidiaries that were previously deferred and also created new taxes on certain types of foreign earnings. As of December 31, 2017, we made a reasonable estimate of the (a) effects on our existing deferred tax balances, and (b) the one-time transition tax. Consequently, our fourth quarter of 2017 and full year 2017 results of operations reflected a non-cash provisional net expense of $104 million. We finalized our accounting for the TCJA in December of 2018 and our results for the fourth quarter of 2018 and full year 2018 results of operations reflect, in accordance with SAB 118, a reduction in tax expense of $252 million as an adjustment to the 2017 provisional expense. This was primarily comprised of a net tax benefit of $57 million relating to finalizing the calculation of the transition tax (including withholding taxes) together with a net tax benefit of $195 million associated with the re-measurement of our deferred taxes. The TCJA imposed a U.S. tax on global intangible low taxed income (“GILTI”) that is earned by certain foreign affiliates owned by a U.S. shareholder and was intended to tax earnings of a foreign corporation that are deemed to be in excess of certain threshold return. As of December 31, 2018, Nielsen made a policy decision and elected to treat taxes on GILTI as a current period expense and have reflected as such within the financial statements as of December 31, 2019 as well. As part of an intercompany restructuring during the year ended December 31, 2018, we transferred certain intellectual property assets between wholly- owned legal entities in non-U.S. tax jurisdictions. As the impact of the transfer was the result of an intra-entity transaction, the resulting gain on the transfer was eliminated for purposes of the consolidated financial statements. The transferring entity recognized a gain on the transfer of assets that was not subject to income tax in its local jurisdiction. In accordance with ASU 2016-16, which the Company adopted in the first quarter of 2018, and as further described in Note 1. “Significant Accounting Policies”, Nielsen recorded an income tax benefit of approximately $193 million. Throughout 2019, ongoing federal and international audits were effectively settled in certain tax jurisdictions and the impact was recorded accordingly the financial statements. The components of income/(loss) before income taxes and equity in net income of affiliates, were: The above amounts for UK and non-UK activities were determined based on the location of the taxing authorities.


Question: What would be the change in unearned reseller revenue between 2019 and 2020 if unearned reseller revenue in 2019 was $3,700 million instead? (in million)

def solution():
    # Define variables name and value
    unearned_reseller_revenue_2020 = 3787
    unearned_reseller_revenue_2019 = 3700

    # Do math calculation to get the answer
    answer = unearned_reseller_revenue_2020 - unearned_reseller_revenue_2019

    return answer

|||Revenue and Receipts||Unearned Revenue||
|||For the Year Ended As of||As of||
||January 31, 2020|February 1, 2019|February 2, 2018|January 31, 2020|February 1, 2019|
|Reseller revenue|$3,288|$2,355|$1,464|$3,787|$2,554|
|Internal-use revenue|82|41|46|57|29|
|Collaborative technology project receipts|10|4|—|n/a|n/a|
 Dell purchases our products and services directly from us, as well as through our channel partners. Information about our revenue and receipts, and unearned revenue from such arrangements, for the periods presented consisted of the following (table in millions): Sales through Dell as a distributor, which is included in reseller revenue, continues to grow rapidly. Customer deposits resulting from transactions with Dell were $194 million and $85 million as of January 31, 2020 and February 1, 2019, respectively.


Question: What would be the average number of shares owned by the Hanssen family and Jim Kelly if the number of shares owned by the Hanssen family is doubled 2 ?

def solution():
    # Define variables name and value
    hansson_family_shares = 4380659
    jim_kelly_shares = 0

    # Double the number of shares owned by the Hanssen family
    hansson_family_shares_doubled = hansson_family_shares * 2

    # Calculate the average number of shares owned by the Hanssen family and Jim Kelly
    answer = (hansson_family_shares_doubled + jim_kelly_shares) / 2

    return answer

|Title|Identity of Person|No. of Shares|Percent of Class(1)|
|Common|Hansson family(2)|4,380,659|2.98%|
||Jim Kelly||* |
||Richard Vietor||* |
||David Workman||* |
||Bjørn Giæver||* |
 ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS A. Major Shareholders The following table sets forth information regarding beneficial ownership of our common shares for (i) owners of more than five percent of our common shares and (ii) our directors and officers, of which we are aware of the date of this annual report. (1) Based on 147,230,634 common shares outstanding as of the date of this annual report. (2) The holdings of High Seas AS, which are for the economic interest of members of the Hansson family, as well as the personal holdings of our Chief Executive Officer and Chairman, Mr. Herbjorn Hansson, and our director, Alexander Hansson, are included in the amount reported herein. * Less than 1% of our common outstanding shares. As of April 14, 2020, we had 575 holders of record in the United States, including Cede & Co., which is the Depositary Trust Company’s nominee for holding shares on behalf of brokerage firms, as a single holder of record. We had a total of 147,230,634 Common Shares outstanding as of the date of this annual report.


Question: What would be the change in the income before income tax expense for U.S. between 2018 and 2019 if the value in 2019 increased by $100 thousand? (in thousand)

def solution():
    # Define variables name and value
    value_2019 = 11553
    value_2018 = 8677
    increase = 100

    # Do math calculation to get the answer
    answer = (increase + value_2019) - value_2018

    return answer

|Year Ended December 31,|||
||2019|2018|
|U.S.|$11,553|$8,677|
|Foreign|(2,604)|(391)|
||$8,949|$8,286|
 Note 5: Income Taxes On December 22, 2017, the U.S. government enacted the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act includes significant changes to the U.S. corporate income tax system including: a federal corporate rate reduction from 35% to 21%; limitations on the deductibility of interest expense and executive compensation; creation of the base erosion anti-abuse tax (“BEAT”), a new minimum tax; and the transition of U.S. international taxation from a worldwide tax system to a modified territorial tax system. The change to a modified territorial tax system resulted in a one-time U.S. tax liability on those earnings which have not previously been repatriated to the U.S. (the “Transition Tax”), with future distributions not subject to U.S. federal income tax when repatriated. A majority of the provisions in the Tax Act are effective January 1, 2018. In response to the Tax Act, the SEC staff issued guidance on accounting for the tax effects of the Tax Act. The guidance provides a one-year measurement period for companies to complete the accounting. The Company reflected the income tax effects of those aspects of the Tax Act for which the accounting is complete. To the extent a company's accounting for certain income tax effects of the Tax Act is incomplete but it is able to determine a reasonable estimate, a company should record a provisional estimate in the financial statements. If a company cannot determine a provisional estimate to be included in the financial statements, it should continue to apply the provisions of the tax laws that were in effect immediately before the enactment of the Tax Act. In connection with the Company's initial analysis of the impact of the Tax Act, the Company has recorded a provisional estimate of discrete net tax expense of $508,000 for the period ended December 31, 2017. This discrete expense consists of provisional estimates of zero expense for the Transition Tax, $173,000 net benefit for the decrease in the Company's deferred tax liability on unremitted foreign earnings, and $681,000 net expense for remeasurement of the Company's deferred tax assets and liabilities for the corporate rate reduction. During the year ended December 31, 2018, we completed our accounting for the income tax effects of the Tax Act. We did not recognize any additional discrete net tax expense in addition to the provisional amounts recorded at December 31, 2017 for the enactment-date effects of the Tax Act, for a total of $508,000 of discrete net tax expense. As of December 31, 2019, the Company is permanently reinvested in certain Non-U.S. subsidiaries and does not have a deferred tax liability related to its undistributed foreign earnings. The estimated amount of the unrecognized deferred tax liability attributed to future withholding taxes on dividend distributions of undistributed earnings for certain non-U.S. subsidiaries, which the Company intends to reinvest the related earnings indefinitely in its operations outside the U.S., is approximately $484,000 at December 31, 2019 The components of income before income tax expense are as follows (in thousands):


Question: If the Pre-tax income increased by 10% in 2019, what is the revised increase / decrease rate? (in percent)

def solution():
    # Define variables name and value
    pre_tax_income_2019 = 1645
    pre_tax_income_2018 = 1781
    increase_rate = 0.1

    # Do math calculation to get the answer
    revised_pre_tax_income_2019 = pre_tax_income_2019 * (1 + increase_rate)
    answer = (revised_pre_tax_income_2019 / pre_tax_income_2018 - 1) * 100

    return answer

|($ in millions)||||
|For the year ended December 31:|2019|2018*|Yr.-to-Yr. Percent/ Margin Change|
|Global Technology Services||||
|External total gross profit|$9,515|$10,035|(5.2)%|
|External total gross profit margin|34.8%|34.4%|0.3pts.|
|Pre-tax income|$1,645|$ 1,781|(7.6)%|
|Pre-tax margin|5.8%|5.9%|(0.2)pts.|
 * Recast to reflect segment changes. The GTS gross profit margin increased 0.3 points year to year to 34.8 percent, due to the benefits of workforce actions and the continued scale out of our public cloud. We continued to take structural actions to improve our cost competitiveness and are accelerating the use of AI and automation in delivery operations, including leveraging Red Hat’s Ansible platform. Pre-tax income of $1,645 million decreased 7.6 percent, driven primarily by the decline in revenue and gross profit, and a higher level of workforce rebalancing charges in the current year. Pre-tax margin of 5.8 percent was essentially flat year to year, with the 2019 pre-tax margin reflecting benefits from structural and workforce actions.


Question: What would the percentage change in the total number of shares in 2019 be if the total outstanding shares on December 31 2018 is 904,000,000? (in percent)

def solution():
    # Define variables name and value
    outstanding_shares_2018 = 898200415
    total_shares_2018 = 904000000

    # Do math calculation to get the answer
    answer = ((outstanding_shares_2018 - total_shares_2018) / total_shares_2018) * 100

    return answer

|||2019||2018||
||NOTE|NUMBER OF SHARES|STATED CAPITAL|NUMBER OF SHARES|STATED CAPITAL|
|Outstanding, January 1||898,200,415|20,036|900,996,640|20,091|
|Shares issued for the acquisition of AlarmForce|34|–|–|22,531|1|
|Shares issued under employee stock option plan|28|4,459,559|251|266,941|13|
|Repurchase of common shares||–|–|(3,085,697)|(69)|
|Shares issued under ESP||1,231,479|75|–|–|
|Shares issued under DSP||16,729|1|–|–|
|Outstanding, December 31||903,908,182|20,363|898,200,415|20,036|
 COMMON SHARES AND CLASS B SHARES BCE’s articles of amalgamation provide for an unlimited number of voting common shares and non-voting Class B shares, all without par value. The common shares and the Class B shares rank equally in the payment of dividends and in the distribution of assets if BCE is liquidated, dissolved or wound up, after payments due to the holders of preferred shares. No Class B shares were outstanding at December 31, 2019 and 2018. The following table provides details about the outstanding common shares of BCE. In Q1 2018, BCE repurchased and canceled 3,085,697 common shares for a total cost of $175 million through a NCIB. Of the total cost, $69 million represents stated capital and $3 million represents the reduction of the contributed surplus attributable to these common shares. The remaining $103 million was charged to the deficit. CONTRIBUTED SURPLUS Contributed surplus in 2019 and 2018 includes premiums in excess of par value upon the issuance of BCE common shares and share-based compensation expense net of settlements.


Question: What would the change in the year-on-year percentage change in GDP for Germany from 2018 to 2019 be if the amount in 2019 was 0.5% instead? (in percent)

def solution():
    # Define variables name and value
    gdp_germany_2018 = 1.5
    new_gdp_germany_2019 = 0.5

    # Do math calculation to get the answer
    answer = new_gdp_germany_2019 - gdp_germany_2018

    return answer

||20181|20192|
|World|3.6|2.9|
|Germany|1.5|0.6|
|Western Europe (excl.Germany)|1.9|1.3|
|Russia|2.3|1.1|
|Eastern Europe (excl.Russia)|4.1|3.6|
|Asia|5.6|4.9|
 DEVELOPMENT OF GROSS DOMESTIC PRODUCT IN IMPORTANT WORLD REGIONS AND GERMANY Year-on-year change in % Real GDP growth corrected for purchasing power. Source: Oxford Economics 1 The previous year’s figures may slightly deviate from the Annual Report 2017/18, since retrospective corrections are being made by the data provider. 2 Outlook.


Question: What would the change in Beginning balance, as of January 1 in 2019 from 2018 be if the amount in 2019 was $44,000 thousand instead? (in thousand)

def solution():
    # Define variables name and value
    beginning_balance_2019 = 44000
    beginning_balance_2018 = 36263

    # Do math calculation to get the answer
    answer = beginning_balance_2019 - beginning_balance_2018

    return answer

||2019|2018|2017|
|||(in thousands)||
|Beginning balance, as of January 1|$43,395|$36,263|$38,958|
|Additions:||||
|Tax positions for current year|1,322|4,716|8,208|
|Tax positions for prior years|8,043|2,626|199|
|Reductions:||||
|Tax positions for prior years|(31,397)|(153)|(10,573)|
|Expiration of statutes|(183)|(57)|(325)|
|Settlements with tax authorities|—|—|(204)|
|Ending balance, as of December 31|$21,180|$43,395|$36,263|
 Teradyne’s gross unrecognized tax benefits for the years ended December 31, 2019, 2018 and 2017 were as follows: Current year additions relate to federal and state research credits. Prior year additions primarily relate to stock-based compensation. Prior year reductions are primarily composed of federal and state reserves related to transfer pricing and research credits and resulted from the completion of the 2015 U.S. federal audit in the first quarter of 2019. Of the $21.2 million of unrecognized tax benefits as of December 31, 2019, $12.7 million would impact the consolidated income tax rate if ultimately recognized. The remaining $8.5 million would impact deferred taxes if recognized. Teradyne does not anticipate a material change in the balance of unrecognized tax benefits as of December 31, 2019 in the next twelve months. Teradyne records all interest and penalties related to income taxes as a component of income tax expense. Accrued interest and penalties related to income tax items at December 31, 2019 and 2018 amounted to $1.4 million and $0.3 million, respectively. For the years ended December 31, 2019, 2018 and 2017, expense of $1.1 million, expense of $0.1 million and benefit of $0.1 million, respectively, was recorded for interest and penalties related to income tax items. Teradyne is subject to U.S. federal income tax, as well as income tax in multiple state, local and foreign jurisdictions. As of December 31, 2019, all material state and local income tax matters have been concluded through 2013, all material federal income tax matters have been concluded through 2015 and all material foreign income tax matters have been concluded through 2011. However, in some jurisdictions, including the United States, operating losses and tax credits may be subject to adjustment until such time as they are utilized and the year of utilization is closed to adjustment. As of December 31, 2019, Teradyne is not permanently reinvested with respect to the unremitted earnings of non-U.S. subsidiaries to the extent that those earnings exceed local statutory and operational requirements. Remittance of those earnings is not expected to result in material income tax.


Question: If the Sales Mix of Hardware in 2019 increased to 65,674 thousand, what would be the revised change between 2018 and 2019? (in thousand)

def solution():
    # Define variables name and value
    hardware_sales_2019 = 65674
    hardware_sales_2018 = 29496

    # Do math calculation to get the answer
    answer = hardware_sales_2019 - hardware_sales_2018

    return answer

||APAC|||
|Sales Mix|2019|2018|%Change|
|Hardware|$34,965|$29,496|19%|
|Software|92,988|107,363|(13%)|
|Services|52,288|50,055|4%|
||$180,241|$186,914|(4%)|
 Our net sales by offering category for APAC for 2019 and 2018, were as follows (dollars in thousands): Net sales in APAC decreased 4% (increased 2% excluding the effects of fluctuating foreign currency rates), or $6.7 million, in 2019 compared to 2018. In APAC, increases in hardware and services net sales year over year were offset by a decrease in software net sales during 2019 compared to 2018. The changes were the result of the following: • Continued expansion of hardware offerings in the APAC market resulted in higher net sales in this category. • Continued trend toward higher sales of cloud solution offerings that are recorded on a net sales recognition basis in the services net sales category resulted in declines in the software net sales category. • Higher volume of net sales of cloud solution offerings and software referral fees that are recorded on a net sales recognition basis positively impacted services net sales. Additionally, there were contributions from Insight delivered services from increased net sales of our digital innovation solutions offering.


Question: What would the percentage change in the number of RSUs and cash-based awards outstanding at the end of the year in 2019 from 2018 be if the amount in 2019 was 15,340 thousand instead? (in percent)

def solution():
    # Define variables name and value
    num_2019 = 15340
    num_2018 = 14840

    # Do math calculation to get the answer
    answer = (num_2019 - num_2018) / num_2018 * 100

    return answer

||Year-ended 31 March 2019||Year-ended 31 March 2018||
||Number|WASP|Number|WASP|
|Restricted share units|000’s|£ pence|000’s|£ pence|
|Outstanding at the start of the year|14,840|316.09|15,350|215.92|
|Awarded|8,749|478.44|6,337|453.14|
|Forfeited|(1,421)|426.11|(1,421)|284.15|
|Released|(6,822)|309.77|(5,426)|218.49|
|Outstanding at the end of the year|15,346|401.27|14,840|316.09|
 Restricted Share Units The following table illustrates the number and WASP on date of award, and movements in, restricted share units (“RSUs”) and cash-based awards granted under the 2015 LTIP: RSUs and cash-based awards have a vesting period between two to five years, with no award vesting within the first 12 months of the grant.


Question: If interest cost in 2019 increased to 3,000 million, what was the revised average? (in million)

def solution():
    # Define variables name and value
    interest_cost_2019 = 3000
    interest_cost_2018 = 2726

    # Do math calculation to get the answer
    answer = (interest_cost_2019 + interest_cost_2018) / 2

    return answer

|($ in millions)||||
|For the year ended December 31:|2019|2018|Yr.-to-Yr. Percent Change|
|Retirement-related plans—cost||||
|Service cost|$385|$431|(10.7)%|
|Multi-employer plans|32|38|(16.9)|
|Cost of defined contribution plans|1,040|1,024|1.5|
|Total operating costs/ (income)|$1,457|$1,494|(2.5)%|
|Interest cost|$2,929|$2,726|7.4%|
|Expected return on plan assets|(4,192)|(4,049)|3.5|
|Recognized actuarial losses|1,819|2,941|(38.2)|
|Amortization of prior service costs/(credits)|(9)|(73)|(87.6)|
|Curtailments/settlements|41|11|262.2|
|Other costs|28|16|76.2|
|Total non-operating costs/(income)|$615|$1,572|(60.9)%|
|Total retirement-related plans—cost|$2,072|$3,066|(32.4)%|
 Retirement-Related Plans The following table provides the total pre-tax cost for all retirement-related plans. Total operating costs/(income) are included in the Consolidated Income Statement within the caption (e.g., Cost, SG&A, RD&E) relating to the job function of the plan participants. Total pre-tax retirement-related plan cost decreased by $994 million compared to 2018, primarily driven by a decrease in recognized actuarial losses ($1,123 million), primarily due to the change in the amortization period in the U.S. Qualified Personal Pension Plan and higher expected return on plan assets ($143 million), partially offset by higher interest costs ($203 million). As discussed in the “Operating (non-GAAP) Earnings” section, we characterize certain retirement-related costs as operating and others as non-operating. Utilizing this characterization, operating retirement-related costs in 2019 were $1,457 million, a decrease of $37 million compared to 2018. Non-operating costs of $615 million in 2019 decreased $957 million year to year, driven primarily by the same factors as above.


Question: What was the percentage change in cost of revenue from 2017 to 2019 if the cost of revenue is 742,365 in 2019? (in percent)

def solution():
    # Define variables name and value
    cost_of_revenue_2019 = 742365
    cost_of_revenue_2017 = 731453

    # Do math calculation to get the answer
    answer = (cost_of_revenue_2019 - cost_of_revenue_2017) / cost_of_revenue_2017 * 100

    return answer

||||Year Ended December 31|||
||2019|% Change|2018|% Change|2017|
||||(In thousands, except percentage data)|||
|Cost of revenue|$704,535|(1.8)%|$717,118|(2.0)%|$731,453|
|Gross margin percentage|29.5%||32.3%||29.6%|
 2019 vs 2018 Cost of revenue decreased for the year ended December 31, 2019, compared to the prior year, primarily due to net revenue declining. Gross margin decreased for the year ended December 31, 2019 compared to the prior year. Gross margin was negatively impacted by the imposition of Section 301 tariffs originally announced in late 2018 and cost inefficiencies experienced in our new manufacturing locations outside of China, an increase in channel promotional activities relative to revenue as well as foreign exchange headwinds due to the strengthening of the U.S. dollar. 2018 vs 2017 Cost of revenue decreased for the year ended December 31, 2018 primarily due to improved product margin performance, lower proportionate provisions for warranty expense, and lower air freight costs compared to the prior year. Gross margin increased for the year ended December 31, 2018 compared to the prior year primarily due to improved product margin performance, lower proportionate provisions for sales returns and warranty expense, favorable foreign exchange rate movements and lower air freight costs compared to the prior year. For fiscal 2020, we expect gross margins to improve from fiscal 2019 primarily as our U.S. bound inventory will primarily not be subject to Section 301 tariffs in fiscal 2020. Forecasting gross margin percentages is difficult, and there are a number of risks related to our ability to maintain or improve our current gross margin levels. Our cost of revenue as a percentage of net revenue can vary significantly based upon factors such as: uncertainties surrounding revenue levels, including future pricing and/or potential discounts as a result of the economy or in response to the strengthening of the U.S. dollar in our international markets, and related production level variances; import customs duties and imposed tariffs; competition; changes in technology; changes in product mix; variability of stockbased compensation costs; royalties to third parties; fluctuations in freight and repair costs; manufacturing and purchase price variances; changes in prices on commodity components; warranty costs; and the timing of sales, particularly to service provider customers. We expect that revenue derived from paid subscription service plans will increase in the future, which may have a positive impact on our gross margin. From time to time, however, we may experience fluctuations in our gross margin as a result of the factors discussed above.