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MArishka [77]
3 years ago
6

Joe Loser enters into an investment scheme with some local bigwigs. To get Joe's money, these people lie to Joe about several pr

esent facts that are critical to the investment scheme. Later, Joe sues to rescind the investment contract on the basis of fraud. While Joe is on the stand, the attorney for the other parties asks him: "Mr. Loser, why did you enter this deal in the first place?" Joe says: "For one reason and one reason only: I admired these men tremendously and figured that any deal good enough for them was a deal I wanted in on too. The details didn't matter; if they were in it, I wanted to be in it too." Joe has just blown his fraud case. Why?
Business
1 answer:
coldgirl [10]3 years ago
7 0

15 is the answer to this question

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The importance of formal planning in organizations has grown dramatically. Companies have found that they can achieve competitiv
Neko [114]

Explanation:

Strategic planning is important to an organization because it provides a sense of direction and outlines measurable goals. Strategic planning is a tool that is useful for guiding day-to-day decisions and also for evaluating progress and changing approaches when moving forward.

8 0
3 years ago
An electronic card that is directly connected to a checking account is known as a ____.
dalvyx [7]
C) Credit card is an electronic card directly connected to a checking account
8 0
3 years ago
Read 2 more answers
Mike Greenberg opened Cheyenne Window Washing Inc. on July 1, 2022. During July, the following transactions were completed.
Pavel [41]

Answer:

Cash (Dr.) $9.800

Common Stock (Cr.) $9,800

Truck (Dr.) $6,560

Cash (Cr.) $1,640

Accounts Payable -Truck (Cr.) $4,920

Cleaning Supplies (Dr.) $740

Accounts Payable (Cr.) $740

Prepaid Insurance (Dr.) $1,440

Cash (Cr.) $1,440

Accounts Receivable (Dr.) $3,030

Service Revenue (Dr.) $3,030

Accounts Payable - Truck (Dr.) $820

Accounts Payable - Supplies (Dr.) $410

Cash (Cr.) $1,230

Cash (Dr.) $1,310

Accounts Receivable (Cr.) $1,310

Maintenance Expense Truck (Dr.) $240

Cash (Cr.) $240

Dividend paid (Dr.) $490

Cash (Cr.) $490

Explanation:

1) Accounts Receivable (Dr.) $1,750

Service Revenue (Cr.) $1,750

2) Depreciation expense (Dr.) $202

Accumulated Depreciation (Cr.) $202

3) Insurance Expense (Dr.) $120

Prepaid Insurance (Cr.) $120

4) Ending Inventory (Dr.) $320

Cleaning Supplies (Cr.) $320

5) Salaries Expense (Dr.) $415

Salaries Payable (Cr.) $415

4 0
3 years ago
You're trying to choose between two different investment, both of which have up – front costs of $45,000. investment g returns $
DochEvi [55]
Amount invested in both schemes is $45,000
returns in investment g is 75,000 in 6 years. 
yearly return is:
75000/6=12,500

returns in investment h is 105,000 in 9 years
yearly return is:
105,000/9
=11,666.67

from the above results we can conclude that investment g has the higher returns.
4 0
3 years ago
Grove Inc. is a publicly traded chemical company that reported the following financial statements for the most recent year. $1,0
Oksi-84 [34.3K]

Answer:

FCFF = $335.50

Explanation:

Formula of Free Cash Flow to the firm ( FCFF) :

FCFF= Net Income+ Interest(1- tax rate)+ Depreciation+ working capital changes- capital investment

Now let us note some critical points and assumptions which are necessary to solve the question.

As the question says that the company will maintain its existing after tax return on capital invested next year, hence that means that the net income for the next year remains the same, which is $140.

It is also that the company expects it's Operating Income(EBIT) to increase by 6% every year, hence it's operating income(EBIT) for the next year will be $250*(1.06)= $265

Tax rate remains the same, that is, (60/200*100)= 30%

As there is no details with respect to working capital changes and any capital investment made, hence it is assumed to zero changes and no additional investment.

It is assumed that the depreciation method being followed is straight line method, hence depreciation value next year would be the same, that is, 150

Now let's finalise our income statement:

EBIT = $265 given in the question

Interest = ( $65) backward calculation

Taxable Income = $200

Taxes (30%) = ($60)

Net income = $140 given in question.

Hence our FCFF will be :

$ 140 + $65*(1-0.30) + $150 = $335.50

8 0
3 years ago
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