The Comfy is a product dreamed by the Speciale brothers. Michael and Brian. The Speciale Brothers hit the jackpot on Shark Tank and agreed to sell a 30% stake in their business for 550,000 on Dec 31, 2020. The first year went amazing! The company went from just a few protypes they made to over $15 million in sales. The company’s first year results are given below. Note, like the real world. there is more information than you actually need to do this assignment. You need to figure out what to use.
They have a negotiated contract with a manufacturer in Bangladesh for the following orders:
Production Costs Monthly Production Bill with under 20.000 order $13/Comfy Monthly Production Bill with under 20,001-99.999 order $12/Comfy Monthly Production Bill with 100.000+ order $11/Comfy
Shipping costs are $4 per Comfy (either to the customer directly or to the store/QVC).
Additionally, the brothers have rolled out an advertising platform and website: thecomfy.com s. Customer acquisition costs (the cost of accepting credit cards and advertising on Facebook) are approximately $6 per comfy and occur the same month as the sale, regardless of the venue sold.
Creating a Comfy Proforma
Using the percentage of sales approach and the company’s expectations of sales in the chart below, create a proforma income statement and balance sheet. Determine any additional funding needed in order to sustain the projected growth rate. The Shark wants her 30% of profits in the form of a cash dividend paid out. The Speciale brothers have promised to re-invest their money into the business for the first three years.
Product Sale Forecast Online Home Shopping Network Bed Bath and Beyond YR 1 75.000 300,000 200.000 YR 2 100,000 400.000 250.000 YR 3 150,000 600,000 375,000 Current Assets, Long-term assets. and account payable are 25%, 50%, and 20% of sales, respectively. Long-term debt and equity are not fixed in relation to sales.
Project Instructions
• template 1
• Using the template and the information below, create a pro forma for The Comfy. • Name your file: Comfy_YourName.xls
Word Document
• Create a Word Document explaining your expectations for additional funding to the Shark. • Name your file: Comfy_YourName.docx • In your memo, either explain how the cash coming in is going to be sufficient to fund growth OR outline how much additional cash will be needed. • You will most likely need to make up a few small charts to make your plan clear and readable. • Address what you believe should be done with any excess cash (for example: pay it out to the Speciale Brothers, keep it for a rainy day in cash, etc.) OR if you think the company should issue debt, equity, or a combination of both to fund the shortfall. • Note: Points will be given not based on your choice but rather your justification of which you choose.
template 1:
Income Statement
Year 1Year 2Year 3
Revenues $16,330,000
Manufacturing Costs $6,132,000
Shipping Costs $2,044,000
Customer Acquisition Costs $3,066,000
EBT $5,088,000
Taxes (21%) $1,068,480
Net Income $4,019,520
Balance Sheet
Year 1Year 2Year 3
Assets
Current Assets 4,082,500
Long-Term Assets 8,165,000
Total Assets 12,247,500
Liabilities
Accounts Payable $3,266,000
Long-Term Debt $6,067,836
Common Stock $100,000
Accumulated Retained Earnings $2,813,664
Total Liabilities and Equity $12,247,500
Dante Alighieri played a critical role in the literature world through his poem Divine Comedy that was written in the 14th century. The poem contains Inferno, Purgatorio, and Paradiso. The Inferno is a description of the nine circles of torment that are found on the earth. It depicts the realms of the people that have gone against the spiritual values and who, instead, have chosen bestial appetite, violence, or fraud and malice. The nine circles of hell are limbo, lust, gluttony, greed and wrath. Others are heresy, violence, fraud, and treachery. The purpose of this paper is to examine the Dante’s Inferno in the perspective of its portrayal of God’s image and the justification of hell.
In this epic poem, God is portrayed as a super being guilty of multiple weaknesses including being egotistic, unjust, and hypocritical. Dante, in this poem, depicts God as being more human than divine by challenging God’s omnipotence. Additionally, the manner in which Dante describes Hell is in full contradiction to the morals of God as written in the Bible. When god arranges Hell to flatter Himself, He commits egotism, a sin that is common among human beings (Cheney, 2016). The weakness is depicted in Limbo and on the Gate of Hell where, for instance, God sends those who do not worship Him to Hell. This implies that failure to worship Him is a sin.
God is also depicted as lacking justice in His actions thus removing the godly image. The injustice is portrayed by the manner in which the sodomites and opportunists are treated. The opportunists are subjected to banner chasing in their lives after death followed by being stung by insects and maggots. They are known to having done neither good nor bad during their lifetimes and, therefore, justice could have demanded that they be granted a neutral punishment having lived a neutral life. The sodomites are also punished unfairly by God when Brunetto Lattini is condemned to hell despite being a good leader (Babor, T. F., McGovern, T., & Robaina, K. (2017). While he commited sodomy, God chooses to ignore all the other good deeds that Brunetto did.
Finally, God is also portrayed as being hypocritical in His actions, a sin that further diminishes His godliness and makes Him more human. A case in point is when God condemns the sin of egotism and goes ahead to commit it repeatedly. Proverbs 29:23 states that “arrogance will bring your downfall, but if you are humble, you will be respected.” When Slattery condemns Dante’s human state as being weak, doubtful, and limited, he is proving God’s hypocrisy because He is also human (Verdicchio, 2015). The actions of God in Hell as portrayed by Dante are inconsistent with the Biblical literature. Both Dante and God are prone to making mistakes, something common among human beings thus making God more human.
To wrap it up, Dante portrays God is more human since He commits the same sins that humans commit: egotism, hypocrisy, and injustice. Hell is justified as being a destination for victims of the mistakes committed by God. The Hell is presented as being a totally different place as compared to what is written about it in the Bible. As a result, reading through the text gives an image of God who is prone to the very mistakes common to humans thus ripping Him off His lofty status of divine and, instead, making Him a mere human. Whether or not Dante did it intentionally is subject to debate but one thing is clear in the poem: the misconstrued notion of God is revealed to future generations.
References
Babor, T. F., McGovern, T., & Robaina, K. (2017). Dante’s inferno: Seven deadly sins in scientific publishing and how to avoid them. Addiction Science: A Guide for the Perplexed, 267.
Cheney, L. D. G. (2016). Illustrations for Dante’s Inferno: A Comparative Study of Sandro Botticelli, Giovanni Stradano, and Federico Zuccaro. Cultural and Religious Studies, 4(8), 487.
Verdicchio, M. (2015). Irony and Desire in Dante’s” Inferno” 27. Italica, 285-297.
Sample Solution
