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Aleks04 [339]
4 years ago
13

Can somone answer my previous question?

Business
1 answer:
Lunna [17]4 years ago
7 0
I may be able to help
You might be interested in
The CEO would like to see higher sales and a forecasted net income of $2,500,000. Assume that operating costs (excluding depreci
mestny [16]

Answer:

The answer is  $11.904.762  

There an assumption about Depreciation, Amortization and Interest, it says increase by 10% over which there is no data to calculate,so It's used 10% of sales.

Explanation:

Income Statement  

Sales  $11.904.762  

Cost of goods sold -$6.547.619  

Gross Profit  $5.357.143  

depreciation, amortization and Interest -$1.190.476  

Net Income BEFORE Taxes $4.166.667  

Tax RATE 40%  -$1.666.667  

Net Income after Taxes  $2.500.000  

7 0
3 years ago
On January 2, 2018, Coronado Industries issued at par $2040000 of 5% convertible bonds. Each $1000 bond is convertible into 10 s
Mila [183]

Answer:

Coronado's diluted earnings per share would be 4.53

Explanation:

Net interest savings = (2040000*5%)*(1-0.35)= $66,300      

Weighted average common stock outstanding=194000+(2040000/1000*10)= 214,400

Coronado's  diluted earnings per share=(906,000+66,300)/214,400= $4.53

6 0
3 years ago
Assume the market for manufactured houses is in equilibrium. Imagine that trade restrictions increased the cost of cement, which
xeze [42]

Answer: f. Supply of manufactured houses shifts leftward and manufactured houses increase in price

Explanation:

All else being equal, when the price of an input into the production process increases, it makes producing the goods in question more expensive and so producers will respond by reducing production levels to maintain Profitability.

As the price of cement rises, making manufactured houses becomes more expensive and so the makers of manufactured houses will reduce the number of manufactured houses they make. This will reduce Supply thereby shifting the Supply Curve to the left. The new Equilibrium level will indicate a higher Equilibrium price as shown in the attached graph.

7 0
3 years ago
A.J. is the vice president for Keane Products, a marketing consulting firm. On a business trip to New York City in 2019, he meet
Ede4ka [16]

Answer:

$312

Explanation:

Business Travel expenses are costs incurred when you are away from home on businesses. Accordingly, in this case, AJ is allowed to deduct 50% of his entertainment costs (that is, meal and theater tickets) since it follows a substantial business discussion. The cost of transportation, that is the cab fare is fully covered under the business expenses as it is not subject to the 50% rule of deduction for entertainment and the likes.

Thus,

Total money AJ can deduct as business expenses.

= (50% of 350) + (50% of 190) + 42

= 175 + 95 + 42

= $312

7 0
4 years ago
In the second week of December, Security First agreed to provide 30 days of consulting services to a local fitness club for a fi
Ronch [10]

Answer:

Security First

Debit Accounts Receivable $2,760

Credit Consulting Revenue $2,760

To record the accrued revenue for consulting services.

Explanation:

a) Data and Calculations:

Value of a consulting services contract = $4,140

Period of services = December 12 to January 10

Payment date = January 10

The fee will be divided by 30 days with 20 days' apportioned to the current year while 10 days' will be apportioned to the following year, thus:

Current year's revenue = $4,140 * 20/30 = $2,760

Next year's revenue = $4,140 * 10/30 = $1,380

Therefore, the unadjusted balance in Consulting Revenue will increase by $2,760 with the corresponding debit entry in the accounts receivable account.

4 0
3 years ago
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