I prefer to work on familiar work tasks.

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

Conclusion about anti dumping

Mariulka [41]

First, what is anti dumping? (Like anti dumping garbage? Anti dumping you girl/boyfriend?)
Second, what is your thesis?
With the above info, I can write a conclusion :)

4 0

3 years ago

Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $80 million of 8% bonds, dated January 1, on January 1, 202

denis-greek [22]

Answer:

A. 1-Jan-21

Dr Investment in Bond Dr $80.00

Cr To Cash $66.00

Cr To Discount on bond investment $14.00

B.30-Jun-21

Dr Cash $3.20

Dr Discount on bond investment $0.10

Cr To Interest revenue $3.30

C. 31-Dec-21

Dr Cash $3.20

Dr Discount on bond investment Dr $0.11

Cr To Interest revenue $3.31

D. $70 million Due to the change in market conditions

E. CASH FLOW FROM OPERATING ACTIVITIES:

Interest received $7.40 INFLOW

CASH FLOW FROM INVESTING ACTIVITIES:

Cash paid for purchase of investment -$66.00 OUTFLOW

Explanation:

a. Preparation of the journal entry to record Fuzzy Monkey's investment on January 1, 2021.

1-Jan-21

Dr Investment in Bond Dr $80.00

Cr To Cash $66.00

Cr To Discount on bond investment $14.00

(80-66)

(Being to record investment in bond )

b. Preparation of the journal entry by Fuzzy Monkey to record interest on June 30, 2021 (at the effective rate).

30-Jun-21

Dr Cash $3.20

($80 *8% * 6/12)

Dr Discount on bond investment $0.10

($3.30-$3.20)

Cr To Interest revenue $3.30

($66*10%*6/12)

(Being to record revenue recognition for bond interest and discount amortized)

c. Preparation of the journal entries by Fuzzy Monkey to record interest on December 31, 2021 (at the effective rate)

31-Dec-21

Dr Cash $3.20

($80 *8% * 6/12)

Dr Discount on bond investment Dr $0.11

($3.31- $3.20)

Cr To Interest revenue $3.31

[ $66+.1*(10%*6/12) ]

(Being to record revenue recognition for bond interest and discount amortized)

d. Based on the information given Fuzzy monkey will report its investment on December 31, 2021 balance sheet at fair value of the amount of $70 million reason been that we were told that because of the change in the market conditions, the fair value of the bonds at December 31, 2021, was the amount of $70 million.

e. Calculation for How would Fuzzy Monkey's 2021 statement of cash flows be affected by this investment

STATEMENT OF CASH FLOW (PARTIAL)

For 2021

CASH FLOW FROM OPERATING ACTIVITIES:

Interest received $7.40 INFLOW

($3.20+$3.20)

CASH FLOW FROM INVESTING ACTIVITIES:

Cash paid for purchase of investment -$66.00 OUTFLOW

3 0

3 years ago

A firm had been sued and found guilty of religious discrimination against people who practiced Judaism, and managers were instru

Mariana [72]

Answer: c.the policy is neither legally nor ethically sound

Explanation:

You cannot reply discrimination with reverse discrimination because it is still discrimination. What the company just did was to pay Jews more money simply because they were Jews or rather people who practice Judaism and pay those who don't practice it less. That is not ethical because it is discrimination in the work place

The US Constitution holds that all people be treated equal and paying people different amounts owing to their ethnicity contravenes the Constitution and is therefore illegal.

Even if they had good intentions at heart, what they did was illegal, unethical and can even be considered bribery to get back on the good side of the people practicing Judaism.

4 0

3 years ago

--------is an approach to operating a firm or a line of business which identifies, creates, and exploits opportunities to make a

ElenaW [278]

Answer:

The correct answer is: Sustainable entrepreneurship.

Explanation:

Sustainable entrepreneurship represents the identification, creation, and exploitation of ventures that generate sustainability by implementing activities towards the improvement of the investment surrounding environment during the long term. This implies providing society with long-lasting goods and corporate values all this taking care of the resources necessary to do so for upcoming generations.

3 0

3 years ago