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hodyreva [135]
3 years ago
15

The quote from a U.N. foundation manager talks about donating a cell phone as a "powerful opportunity . . . to engage and connec

t with someone else." Does this quote refer to motivation, ability, or opportunity to recycle a cell phone by donating it? Explain your answer.
Business
1 answer:
ddd [48]3 years ago
4 0

Answer and Explanation:

The mobile market is the most  important way to of communication and it requires everyone in todays environment. this motivates the suppliers to use that as its base in order to re build another phone that is required by the market.

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The objective of financial reporting include all of the following except to provide information that Group of answer choices is
Maslowich

Answer:

is useful to the IRS in assessing taxes to business entities.

Explanation:

The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors.

Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.

The objective of financial reporting include all of the following to provide information that:

1. Is useful to those making investment decisions. This information would help creditors to determine whether they should lend to a client or not; or assist investors in deciding whether they should invest in a business or not.

2. Is useful to those lending out money to business entities. When investors and creditors are well furnished with financial information about an organization, they would be able to assess the amounts of cash, timing, and uncertainty of cash flows from dividends  or interest.

3. Is useful to creditors in making decisions about providing resources to business entities.

In conclusion, the financial report is not useful to the Internal Revenue Service (IRS) in assessing taxes to business entities.

8 0
3 years ago
Jill wins a lawsuit against Terry in the Wyoming state court. The court passes a judgment for Terry to pay $20,000 to Jill. Imme
nadezda [96]

File a lawsuit against terry in a Colorado state court to enforce the Wyoming court judgement is the best course of action for Jill.

Explanation:

A complaint shall be applied to the Tribunal, which shall state how the incident happened and which the claims were filed.  This document will then be used to initiate legal proceedings by the defendant(s).  

A lawyer shall be recruited to react with a report entitled Answer by the accused's liability assurance company.  Often you can hear people talking about a complaint about the "parties."  The candidates to the suit are the "claimant" and the "accused," the plaintiff being the wounded claimant. The accused are the persons or companies charged.

7 0
3 years ago
Post Delivery Service acquired at book value 80 percent of the voting shares of Script Real Estate Company. On that date, the fa
Rudik [331]

Answer:

a) Consolidated  Net Income

When preparing consolidated Net Income, We add each and every line item on a Parent's financial statements with the same line item on the Subsidiary's financial statement and adjust line items like revenue ( intra-group sale) , cost of goods sold ( unrealized profits) , other incomes ( dividends received) and expenses (depreciation on profits) .

b) JOURNAL ENTRIES

Debit Common stock $ 280,000 Debit Retained Earnings $ 95,000 Credit investment $ 300,000 Credit Non_Controlling interest( N . C . I ) $ 75,000

c) Debit Service Revenue $ 21,000,Credit Service fee $ 21,000

Debit  Gain or profits on sale of land $ 25,000 Credit Land $ 25,000

Debit Dividends received  $ 8000, N . C . I $2000 Credit Dividends paid $ 10,000

Explanation:

The question is incomplete, it lacks the financial statements to be consolidated.

Steps to Consolidated Statements

1 . Eliminate common transactions ( transactions like intra-group sale , dividends , etc . .)

2 . Consolidate the financial statements

b) we credit investment and if investment is greater than the total of common stock and retained earnings at 80%  then we create equity represented by goodwill ( asset ) , if investment is less the we set off that amount in the retained earnings of the investing company. (Assuming investment = 80 % of total amount at acquisition .

5 0
3 years ago
On July 1, 20x1, Fox Co. purchased as a held-to-maturity investment $5,000,000 of Owl, Inc.'s 8% bonds for $4,580,000, including
Dimas [21]

Answer:

The amount fox should report on Dec 31,20x1 = $4,556,500

Explanation:

The carrying amount of bonds = $4,580,000 - $50,000

The carrying amount of bonds = $4,530,000

Amortization of discount from july 1 to dec 31 (6 months):

Interest Revenue = $4,530,000* 10% * 6/12

Interest Revenue= $226500

Interest Receivable = $5,000,000 * 8% * 6/12

Interest Receivable = $200000

Discount amortized =Interest Revenue - Interest Receivable

Discount amortized = $226500 - $200000

Discount amortized = $26500

So:

The amount fox should report on Dec 31,20x1 = $4,530,000 + $26500

The amount fox should report on Dec 31,20x1 = $4,556,500

4 0
3 years ago
James would like to deposit enough money in a savings account to have $8,000 at the end of year 3. Assuming the investment will
faltersainse [42]

Answer:

  $6910.70

Explanation:

At the end of each year, the account balance will be 1.05 times the value at the beginning of the year. Thus, at the end of year 3, the value is 1.05^3 times the original value.

  $8000 = (deposit)×1.05^3

  deposit = $8000/1.05^3 ≈ $6910.70

James should deposit $6910.70 today.

7 0
3 years ago
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