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Serga [27]
2 years ago
13

Fey Enterprises recorded a restructuring charge of $16.2 million during fiscal 2016 related entirely to the closing of its divis

ion located in Denver, Colorado. The company's financial statement footnotes indicated that expected employee separation payments amounted to $12.6 million and that fixed asset write-downs accounted for the remainder. Nickolas had never before incurred restructuring charges. At the end of the year, the company's balance sheet included a restructuring accrual of $2,700,000.
The cash flow effect of Fey Enterprises' restructuring during fiscal 2016 is:

(A) $-0- (there was no cash flow effect in 2016)
(B) $13,200,000
(C) $16,800,000
(D) $ 9,900,000
(E) $21,600,000
Business
1 answer:
Talja [164]2 years ago
3 0

Answer:The cash flow effect of Fey Enterprises’ restructuring during fiscal 2016 is: $9,900,000

Explanation:

The total restructuring charge accrued = $16.2 million this is so as asset write-downs are not accrued. This in term states that there is no credit to a liability account for write-downs, the assets are credited (reduced).  

Therefore,

The company paid the amount = $12,600,000 - $2,700,000 = $9,900,000 during cash during fiscal 2016.

<u><em>Therefore, the correct option is (d)</em></u>

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Which of the following is an example of a soft skill?
netineya [11]

helping a costumer by answering a question

5 0
2 years ago
Rather than acquire an existing textile manufacturer in Jakarta, FauxFabric Inc. chose to establish new operations in Indonesia.
Arisa [49]

Answer: (A) Greenfield investment

Explanation:

 The greenfield investment is one of the type of FDI ( Foreign direct investment) that helps in constructing the various types of new production facilities in an organization.

The main objective of the greenfield investment process is to making the manage the investor control process and also form different types of opportunities for managing the partnerships in the market.

According to the given question, the Greenfield investment process is helps in establishing the various types of new operation in Indonesia and it is the form of foreign direct investment.

 Therefore, Option (A) is correct answer.

7 0
1 year ago
TechPro offers instructional courses in e-commerce website design. The company holds classes in a building that it owns.
myrzilka [38]

Answer:

1. fixed and indirect

2. variable and direct

3. variable and direct

4. fixed and indirect

5. fixed and indirect

6. variable and direct

Explanation:

<u>Fixed and variable costs</u>

A fixed cost is expected to be constant for a short term period whilst a variable cost is expected to vary in direct proportion to the number of units produced in this case it is the individual classes.

Depreciation expense on classroom building and on computers is a fixed cost that is expected to remain constant and the instructor wage varies with the number of classes thus a variable cost.

<u>Direct and Indirect costs</u>

A direct cost can be directly traced to the cost object by observation whist the indirect cost can not be directly traced on a cost object.

The instructors wage is a direct cost, his effort is seen with the success of the classes whist the depreciation expenses are indirect costs.

4 0
2 years ago
Which parts of this passage illustrate a company’s vision? Michael, who started his computer business 20 years ago, has now attr
Morgarella [4.7K]

Answer:

The below statement marks the company's vision.

In a period of 10 years, he states that the foundation envisions a broad and impartial society that respects and encourages children and actively enables people’s participation.

Explanation:

Companies tend to summarize their goals and objectives in mission and vision statements. Both of these serve different purposes for a company but are often confused with each other.

<u>Vision of a company/organisation</u>

  • Vision statement outlines what a company wants to be in the future.
  • The Vision Statement focuses on the future
  • It is a statement that is a source of inspiration and motivation.  
  • It describes not just the future of the organization but the future of the industry or society in which the organization hopes to effect change.

Relevance to the given scenario is that in the identified statement, Micheal has clearly demonstrated, what he sees for the foundation and how it wants to impact the foundation's stakeholders.

The vision of the foundation is as follows:

<em>In a period of 10 years, he states that the foundation envisions a broad and impartial society that respects and encourages children and actively enables people’s participation.</em>

<em></em>

Vision is different from the mission:

<u>Mission statement:</u>

The Mission Statement concentrates on the present; it defines the customer(s), critical processes and it informs you about the desired level of performance.

The mission of the foundation is as follows:

<em>The purpose of the foundation is to maximize the effect of public participation and welcome the recognition for volunteering.</em>

<em></em>

4 0
2 years ago
Match each effect with the correct type of trade barrier
Alex

Answer: i got you

Explanation:

standards= C

Quotas= B

Embargoes= A

5 0
1 year ago
Read 2 more answers
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