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2 years ago

U.S. businesses consider the Foreign Corrupt Practices Act as legislation that has helped increase their profits abroad.

1 answer:

7 0

It is <u>True</u> that the Foreign Corrupt Practices Act is legislation that has helped increase the profits of American businesses abroad.

<h3>What is the Foreign Corrupt Practices Act?</h3>

The Foreign Corrupt Practices Act (FCPA) is an Act or a US law that makes it illegal for a United States company or person to give or take bribes from any foreign official for the purpose of getting or keeping a business.

While it is true that profits have increased as US-based businesses focus on more ethical ways of getting a business, illicit profits (that is profits from illegally acquired business deals) have dropped drastically.

See the link below for more about Foreign Corrupt Practices Act:

brainly.com/question/8211495

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If a firm’s inventories on hand are $200,000, its cost of goods sold is $600,000, and its sales are $800,000, what is the invent

Vadim26 [7]

Answer:

inventory turnover= 3

Explanation:

Giving the following information:

A firm’s inventories on hand are $200,000

The cost of goods sold is $600,000.

To calculate the inventory turnover, we need to use the following formula:

inventory turnover= cost of goods sold/ average inventory

inventory turnover= 600,000/200,000= 3

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3 years ago

Why is the cost of goods sold account part of a trading business only?

Lisa [10]

Answer:

Yes costs of goods sold is peculiar to those businesses dealing in tangible items

Explanation:

For a service company there is no costs of goods sold because no goods were purchased for resale.The major costs found in the cost structure of a service outfit is manpower costs,since people with requisite knowledge form the main reason for business existence

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3 years ago

A firm wants to create a WACC of 11.2 percent. The firm's cost of equity is 16.8 percent and its pretax cost of debt is 8.7 perc

Andre45 [30]

Answer:

Debt equity ratio = 1.01

Explanation:

given data

WACC = 11.2 percent

cost of equity = 16.8 percent

pretax cost of debt = 8.7 percent

tax rate = 35 percent

to find out

What does the debt-equity ratio need to be for the firm to achieve its target WACC

solution

we get here WACC that is express as

WACC = Wd × Rd × (1-t) + We × Ke ..................1

here Wd is weight of debit and t is tax rate and Ke is cost of equity and

Wd + We = 1

so We = 1 - Wd

put value in equation 1

WACC = Wd × Rd × (1-t) + We × Ke

11.20% = Wd × 8.70% ×(1-35%) + (1-Wd) × 16.80%

solve and we get

Wd = 0.5025

so We will be

We = 1 - 0.5025

We = 0.4975

and

Debt equity ratio will be

Debt equity ratio = $\frac{0.5025}{0.4975}$

Debt equity ratio = 1.01

6 0

3 years ago

Megasoft Corporation develops, produces, and markets a wide range of computer software including the Windows operating system. M

Nady [450]

Answer:

Megasoft Corporation

1. The amount of accounts receivable that was written off during the year ended June 30, 2016 was:

= $72 million

2. Receivable Turnover Ratio in 2016

= 2016 Net Sales/Average receivables

= $68,000/$16,660 = 4.1

Explanation:

a) Data and Calculations:

June 30, 2016 June 30, 2015

Net Sales Revenue $68,000 $62,000

Accounts Receivable

(all amounts in millions) $17,260 $16,060

Allowance for

Doubtful Accounts of 310 360

Net Accounts receivable $ 16,950 $ 15,700

Bad Debts Expense = $22

Allowance for Doubtful Accounts

Date Account Titles Debit Credit

June 30, 2015 Beginning balance $310

2016 Bad Debts Expense 22

2016 Accounts receivable 72

June 30, 2016 Ending balance $360

Accounts Receivable

Date Account Titles Debit Credit

June 30, 2015 Beginning balance $16,060

2016 Net sales 68,000

2016 Allowance for Doubtful $72

2016 Cash 66,728

June 30, 2016 Ending balance $17,260

Average receivables = $16,660 ($16,060 + $17,260)/2

Receivable Turnover Ratio in 2016

= 2016 Net Sales/Average receivables

= $68,000/$16,660 = 4.1

8 0

2 years ago

Mira Mesa Appliances makes and sells kitchen equipment for offices and hotel rooms. Mira Mesa management believes that a new mod

lys-0071 [83]

Answer:

$126

Explanation:

We can calculate the amount Mira can pay for the synthetic material per unit (refrigerator) and meet its profitability goal by deducting the estimated profit and then all the cost from the selling price per unit.

Selling price per unit $260

Less

estimated return (260x30%) = ($78)

Labor costs ($32)

Overhead costs ($24)

Material $126

Amount Mira can pay for Synthetic material per unit is $126

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3 years ago