Answer:
B. Nonexcludable and nonrivalrous
Explanation:
A public good is basically non-profit goods that can be used by anyone either by the government, organization or an individual.
Blossom Company purchased a machine with a list price of $168000. They were given a 10% discount by the manufacturer. They paid $1000 for shipping and sales tax of $6500. Blossom estimates that the machine will have a useful life of 10 years and a salvage value of $40000. If Blossom uses straight-line depreciation, annual depreciation will be
Answer:
$11,870
Explanation:
Given:
List price = $168,000
Discount = 10%
Shipping cost = $1,000
Sales tax = $6,500
Salvage value = $40,000
Useful life = 10 years
Now,
Purchasing price = List price - Discount
Purchasing price = $168,000 - [10% × $168,000]
Purchasing price = $168,000 - $16,800
Purchasing price = $151,200
Costs that are directly related to the purchase of asset are capitalized.
Thus,
Cost = Purchasing price + Shipping costs + Sales tax
Cost = $151,200 + $1,000 + $6,500
Cost = $158,700
Now,
Annual straight line depreciation = [tex]\frac{Cost-Residual Value}{Useful life}[/tex]
Annual straight line depreciation = [tex]\frac{158,700 - 40,000}{10}[/tex]
Annual straight line depreciation = [tex]\frac{118,700}{10}[/tex]
Annual straight line depreciation = $11,870
In an attempt to have funds for a down payment, Jan Carlson plans to save $3,700 a year for the next five years. With an interest rate of 6 percent, what amount will Jan have available for a down payment after the five years?
Answer:
$20,857.24
Explanation:
This is an ordinary annuity question which can be solved using a financial calculator. The inputs are as follows;
Total duration of investment; N = 5
Interest rate per year; I/Y = 6%
Recurring annual payment; PMT = 3,700
One time cashflow; PV = 0
then compute the future value of the annuity; CPT FV = 20,857.244
Therefore, Jan will have $20,857.24 as down payment in 5 years.
Jan Carlson can save up to approximately $21,578.01 for a down payment after five years with an annual saving of $3700 at an interest of 6% per year.
Explanation:Jan Carlson's available funds for a down payment depends on the concept of compound interest, which is typically the case when saving money in an interest-bearing account for several years. We'll need to use the formula for future value of an annuity since the money is saved annually. Interest is being compounded yearly as well.
The formula is: FV = P * ((1 + r)^n - 1) / r, where:
- FV is the future value of the annuity
- P is the amount deposited each year
- r is the interest rate (decimal)
- n is the number of years
Substituting Jan's values into the formula:
FV = $3700 * ((1 + 0.06)^5 - 1) / 0.06. After doing the math, the amount Jan will have available for a down payment after five years will be approximately $21,578.01.
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A bank may establish a multinational operation for the reason of low marginal costs. The underlying rationale being that is______.
a) banks follow their multinational customers abroad to prevent the erosion of their clientele to foreign banks seeking to service the multinational's foreign subsidiaries.
b) multinational banking operations help a bank prevent the erosion of its traveler's check, tourist, and foreign business markets from foreign bank competition.
c) managerial and marketing knowledge developed at home can be used abroad with low marginal costs.
d) the foreign bank subsidiary can draw on the parent bank's knowledge of personal contacts and credit investigations for use in that foreign market.
Answer:
c) managerial and marketing knowledge developed at home can be used abroad with low marginal costs.
Explanation:
Low marginal cost represents low cost associated with the functioning of bank at low cost for each additional transaction of business. This basically provides for low costing.
Since the bank is able to exercise the low marginal cost in domestic market it expects to have a low marginal cost in international market also with the expertise of management.
As the bank feels confident with the management that it would be able to keep the cost low even in international domains thus, it expects low marginal cost in international domains also.
In the long run, assuming that the owner of a firm in a competitive industry has positive opportunity costs, she a. should exit the industry unless her economic profits are positive. b. will earn zero accounting profits but positive economic profits. c. will earn zero economic profits but positive accounting profits. d. should ignore opportunity costs because they are a type of sunk cost that disappears in the long run.
Answer:
c. will earn zero economic profits but positive accounting profits
Explanation:
A competitive industry is characterised by many buyers and sellers of homogenous goods and services.
There are no barriers to entry and exit of firms. If firms in a competitive industry earn economic profit in the short run, firms enter into the industry in the long run and economic profit falls to zero.
A competitive firm earns accounting profit but doesn't earn economic profit.
Accounting profit = Revenue - Cost
Economic profit = Accounting profit - Opportunity cost
I hope my answer helps you.
For a product like video cassette recorders (VCRs), which is in the decline stage of its product life cycle__________.
Final answer:
VCRs, in the decline stage of their product life cycle, face diminished demand due to the rise of digital streaming services and the introduction of alternative media formats such as DVDs and Blu-Ray players.
Explanation:
For a product like video cassette recorders (VCRs), which is in the decline stage of its product life cycle, a decrease in demand and relevance is evident. Physical media's decline, as seen in the decline of video rental giants like Blockbuster, is partly due to the rise of digital alternatives such as streaming services like Netflix, which offer convenience and instant access to a wide library of content. As Netflix explores releasing movies online simultaneously with theater premieres, it may capture even more of the home entertainment market, pushing physical media like VCRs further into obsolescence.
The market for VCRs previously encountered a format battle between Betamax and VHS, with VHS ultimately prevailing. However, the introduction of DVDs and then Blu-Ray players, followed by digital streaming technologies, has led to the decline of VCRs as they were replaced by newer media formats. This progression underscores the fast-paced change in consumer preferences and the impact of technological advancements on product life cycles, leading to the phase-out of older technologies like the VCR.
if the price elasticity of demand for food is less then 1 (inelastic), an increase in supply due to an improvement in technology will result in a ______ price and _______ in total revenue.
Answer:
... an increase in supply due to an improvement in technology will result in a lower price and decrease in total revenue.
Explanation:
Price Elasticity of Demand = % change in quantity demanded / % change in price
When elasticity < 1, % change in price will be larger than % change in quantity demanded.
Increase in supply means increase in quantity to be sold. There will be a larger decrease in price (Normally when price rises quantity demanded falls and vice versa)
Revenue = Price x Quantity => when price decreases more than quantity increases, revenue will fall
In the film (around 2:08-2:11) the people in the town of Arcata CA are discussing the role that corporations should play in a democratic society. Some of the people are concerned about the great influence that corporations play in our society, and want to make corporations more accountable to the people. One man who seems opposed to passing legislation that restricts the activities of the corporations suggests that we all have the power to vote with our wallets. He says that if you don't approve of what a corporation does, then you simply should not use its products or services. In his mind, this is sufficient for keeping corporations under the control of the people.
(a) Do you think about the people can make corporations act in an ethically responsible way by voting with their wallets?
(b) What are some of the benefits and problems with this idea of voting with your wallet? (hint: consider the idea that people who have bigger wallets get more votes)?
(c) Would it be fair to give people voting powers based on their wealth? For example, would it be fair for people who have between one and two million dollars get two votes instead of one vote (in an election), and people with between two and three million dollar get three votes etc...
Answer:
(a) Sure, the people can make corporations act in an ethically responsible way, in other words, Acting in ways consistent with what society and individuals typically think are good values.
(b) This speaks to corporate social responsibility, by voting the people are able to control the corporations in a way that makes them more socially responsible. Voting could also give people with bigger wallets, higher levels of control.
(c) No, it will not be fair; there has to be a cordial relations between the corporations and the people, hence if the people are given voting power based on their wealth, it could create some level of disunity.
Explanation:
(a) Sure, the people can make corporations act in an ethically responsible way, in other words, Acting in ways consistent with what society and individuals typically think are good values.
(b) This speaks to corporate social responsibility, by voting the people are able to control the corporations in a way that makes them more socially responsible. Voting could also give people with bigger wallets, higher levels of control.
(c) No, it will not be fair; there has to be a cordial relations between the corporations and the people, hence if the people are given voting power based on their wealth, it could create some level of disunity.
Erin Reinhardt and her friend Carol Newman have just arrived in the country Bologna for a summer holiday.
While renting a car on their first day in Bologna they notice that the car rental rates are so much higher than rates back home.
Carol says that in a matter of time, competition should drive prices down. Erin feels that the market for car rentals is probably competitive enough; it could just be the high cost of operations in Boloni that are responsible for the high prices.
Which of the following, if true, would weaken Erin's argument that high costs are responsible for high prices?
a. The car rental industry in Boloni is valued at $50 million.
b. Most households in Boloni own at least one car.
c. After global oil prices increased, the government of Boloni decided to ration the quantity of gasoline sold.
d. Only 3 firms account for almost 88 percent of the car rental market.
e. Most of the growth in the car rental industry comes from the high-value rentals of luxury cars.
Answer:
D) Only 3 firms account for almost 88 percent of the car rental market.
Explanation:
Erin says that rental rates are high because the cost of running car rental companies is very high in Boloni, but if 88% of the market is controlled by only 3 companies, then the lack of competition is responsible for the high prices. The car rental market in Boloni is an oligopoly since the 3 big firms control the prices and probably keep them artificially high due to their market power.
___ Buyers and sellers entered into a contract for the sale of nuts. The usual route used the Suez Canal. Prior to shipment, a war closed the canal. Because the freight charges would be so high by another route, the seller refused to ship. The buyer had to buy at a higher price elsewhere and sued the seller. At triala.The seller will win based on the doctrine of frustration of purpose.b.The buyer will win since this is just a risk of doing business.c.The seller will win because of res ipsa loquitur.d.The buyer will lose because problems with shipment by sea are an excuse for nonperformance.
Answer:
b.The buyer will win since this is just a risk of doing business.
Explanation:
In a general agreement or contract between a seller and the buyer both the parties are liable to perform some duties binding the contract.
In case any of the parties fail to perform such duties then that party is liable to make good to other party which did not default.
In the given case the buyer is in good health, it was because of the seller that the goods could not be delivered, and it was because of uncontrollable circumstances.
And that the seller is still liable because ultimately the goods could not be delivered.
Thus, the buyer shall stand to win the case against the seller.
Annabel is an information specialist. Last year her boss evaluated her with an essay appraisal. She and several of her coworkers were so dissatisfied with the general and qualitative nature of the process that they requested a change. This year he wrote about several key behaviors that she exhibited throughout the year that were very important for her job performance. For instance, he described how she spent extra time evaluating network security protocol options. What appraisal technique is he using?
a) Graphic rating scale
b) BARS
c) Critical incident
d) Checklist appraisal
e) Essay appraisal
Answer:
c) Critical incident
Explanation:
With the information provided it seems that the appraisal technique that he is using is a critical incident. This term refers to analyzing and documenting employee behaviors during certain events, and then stating in which ones they performed well and which ones need improvement. Such as is the case in this scenario as the amount of time that Annabel spent evaluating network security protocol options was documented and analyzed, among other behaviors.
Which of the following could result in the termination and liquidation of a partnership?1) Partners are incompatible and choose to cease operations.2) There are excessive losses that are expected to continue.3) Retirement of a partner.A. 1 onlyB. 1 and 2 onlyC. 2 and 3 onlyD. 3 onlyE. 1, 2, and 3
Answer:
E) 1, 2, and 3
Explanation:
A partnership is a very flexible business which is very easy to set up but has some disadvantages also and they include:
partners have unlimited liability.- if losses are expected to continue, then the partners will probably decide to liquidate the partnership.risks of disagreements between the partners.- if the partners are incompatible and cannot agree upon the decisions that need to be made, the partnership will probably be liquidatedif the partners decide to leave because they retire then the partnership will probably have to be liquidated unless a new partner replaces the one that leaves or the other partners buy his/her share of the partnership.All three scenarios mentioned, including partner incompatibility, continued losses, and the retirement of a partner, can lead to the termination and liquidation of a partnership.
Explanation:The question asks which circumstances could lead to the termination and liquidation of a partnership. Each of the situations presented could indeed result in the end of a partnership. Specifically:
Partners who are incompatible and choose to cease operations may decide to terminate the partnership voluntarily.Excessive losses that are expected to continue could make the continuation of the business untenable, leading to its liquidation.Although less straightforward, the retirement of a partner could lead to a dissolution or reorganization of the partnership, especially if the departing partner is essential to the business or if the partnership agreement stipulates dissolution upon the retirement of any partners.Therefore, all three scenarios presented could lead to a partnership ending and its business being liquidated.
A principal advantage of statistical methods of attributes sampling over nonstatistical methods is that they provide a quantifiable basis for establishing the A. tolerable exception rate. B. expected population exception rate. C. sample size. D. risk of assessing control risk too low.
Answer:
The correct answer is (C )
Explanation:
There are huge difference between statistical methods and a non-statistical techniques. Some consider the results of statistical methods more reliable. The main advantage of using a statistical method is that it helps to identify a proper sample size which is very critical to estimate the whole population. Sample size is a number that will be used in a statistical method to forecast or estimate a population.
A(n) _____ is considered by some to be a more productive and effective way to build a website from scratch because it forces a web developer to focus on the core, essential content first for the smallest viewport.
a. information-first strategy
b. app-first strategy
c. view-first strategy
d. mobile-first strategy
Answer:
The correct answer is d. mobile-first strategy .
Explanation:
The term mobile first is a concept used in web design and website design. Based on this concept, a version optimized for mobile devices is created first and then expanded. Thus, the "mobile first" strategy follows the trend that more and more users surf the Internet with their smartphone or tablet, and not with the PC.
If you follow the mobile first strategy, you will benefit from many advantages. On the one hand, you would follow the current trend of surfing the Internet with smartphones. Therefore, a mobile optimization will be carried out automatically when you start designing the web. But even the desktop or PC version can benefit from mobile technology, because it is basically not a design approach, but a content-based approach with only the most important content that goes on the site and only shows what it is. essential. If you want to expand your site later to include additional features, you can do it without problems. In addition, a web page optimized for mobile devices can adapt more easily to new developments, since its structure is much simpler than that of a conventionally programmed web.
Which of the following statements about personal selling is correct?
A. Personal selling is the nonpersonal arm of the promotional mix.
B. Salespeople are often the only direct contact with a customer.
C. Salespeople represent the company to customers, but they do not represent customers to the company. D. The role of personal selling is very consistent from company to company.
E. Personal selling is a fairly new profession.
Option B is correct. Personal selling involves direct interaction between a salesperson and a potential customer, often face-to-face. The salesperson represents the company to the customer and relays customer feedback to the company. The role of personal selling can vary across companies, and it is not a new profession.
Explanation:The correct statement about personal selling is that 'Salespeople are often the only direct contact with a customer.' (Option B). Personal selling is characterized by direct interaction between a salesperson and a potential customer, often face-to-face. The salesperson represents the company and its products or services to the customer, and also relays customer feedback, needs, and preferences back to the company. Therefore, they serve as representatives for both sides–the company and the customer. The role and nature of personal selling can vary from company to company depending on the specifics of their product, service, and market strategy. Personal selling as a concept has been around for a very long time, so it is not a new profession. Also, personal selling is a personal and not a nonpersonal arm of the promotional mix.
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The correct statement about personal selling is that salespeople are often the only direct contact with a customer. Personal selling involves one-on-one interactions between a salesperson and a prospective customer, which can establish strong customer relationships and boost sales. The role of personal selling varies from one company to another, it is not a new profession, and salespeople provide crucial feedback to the company about customers.
Explanation:The correct statement about personal selling is B. 'Salespeople are often the only direct contact with a customer.' In the realm of business and marketing, personal selling entails one-on-one interaction between a salesperson and a prospective customer. This direct interface enables a salesperson to cater uniquely to each customer's needs, potentially fostering strong customer relationships and thereby driving sales. It's noteworthy to mention, the role and strategies of personal selling may vary significantly from one company to another (contrary to statement D). And, personal selling is not a new profession (contrary to statement E), it has been around since trade began (the classic buyer and seller interaction). Furthermore, it's not just a one-way relationship; salespeople not only represent the company to the customers, they also provide customer feedback to the company (contrary to statement C).
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Coworkers Mindy and Jerome agree that Mindy will drive them to work every weekday for one month, and then Jerome will drive them both to work every weekday the following month. This arrangement is a(n) executory,______agreement.
Answer:
Bilateral agreement
Explanation:
Bilateral agreement -
It is also called side deal .
The bilateral agreement is used to define the agreements between two parties .
Therefore , from the question ,
As Mindy and Jerome agrees to work and Mindy will guide for a month for the work which need to be done , and ,
For the next month Jerome will guide for the working strategy .
Hence Bilateral agreement is followed by both of them .
The public debt is__________.A. an excess of government spending over government revenues during a given time period.B. the total value of all outstanding federal government securities.C. a situation in which the government's spending is exactly equal to the total taxes and other revenues it collects during a given time period.D. all federal government debt irrespective of who owns it.
Answer:
The public debt is D. all federal government debt irrespective of who owns it.
Explanation:
Public debt mainly defined as the total liabilities of federal government. This is called the government debt. It includes outside and inside debt as well. The government borrowes from international institutions like world bank for the development of the nation. This comes under external debt. The money which the government owes inside the nation comes under internal debt.
All other options are incorrect as first option relates with unfavourable balance of payments. Second one is related with government securities only and other one is the favourable balance of payments.
A defendant set off fireworks at a fully-licensed Fourth of July show. The result of the activity caused harm to the plaintiff. In order for the plaintiff to win a case of negligence, he or she need only prove that it was foreseeable that the defendant's conduct might cause harm.
a. True.
b. False.
Answer:
False
Explanation:
In legal proceedings one need to publish that there are the facts that reveal that the circumstances on the factual basis are true.
Mere chances that it might have happen are not conclusive to declare that plaintiff is correct.
Thus, he needs to establish that there were damages caused and not only the possibility that the damages could occur.
In the given instance it assumes that the facts merely if establishes that there could be damages will not let the plaintiff win the case.
Which of the following price bases is mostly likely to be used for commercial construction projects or custom-made equipment?
a. Demand-based pricing
b. Yield management
c. Competition-based pricing
d. Cost-plus pricing
e. Markup pricing"
Answer:
b. cost-plus pricing
Explanation:
cost-plus pricing is a price base that involves a markup addition to the cost of services and goods to get to the final selling price. In this technique you compute all cost (material, labor, etc) and then add a percentage in order to obtain the product's price
Which of the following items is mostly likely managed using a single-period order model? gas sold to a gas station automobiles at a dealership Christmas trees metal for a manufacturing process canned food at the grocery store
Answer:
The correct answer is Christmas trees.
Explanation:
A single period inventory model is a business scenario aimed at companies that place seasonal or one-time orders. There is only one possibility to get the right amount when you place the order, since the product has no value after the time it is necessary. There are costs for asking too much and too little, and company managers should try to get the right order the first time to minimize the chances of having losses.
It tastes better than candy!" is an advertising slogan for a new probiotic gummy. The manufacturer claims that their probiotics is of a higher quality and tastes better than any competing brand. These claims are part of the firm's strategy to achieve
A) deceptive marketing recognition.
B) the creation of knockoff products.
C) new-product development.
D) product differentiation.
Answer:
The correct answer is D) product differentiation.
Explanation:
Product differentiation is a competitive strategy that aims to allow the consumer to perceive differently the product or service offered by a company, with respect to those of the competition.
Product differentiation can be based mainly on various attributes such as quality, color, size, after-sales service, specialized attention, location, brand recognition or luxury. But any attribute makes perceive a product or service differently is considered product differentiation.
It should be noted that the differentiation also has a subjective element since consumers can perceive that a certain brand is different from another based not on the comparison of objective characteristics but on the idea that they have made of the company and its image.
The manufacturer is using product differentiation to stand out in the market by claiming their product is superior to competitors.
Product Differentiation is the strategy the manufacturer is using by claiming their product is of higher quality and tastes better than competitors to achieve a competitive edge in the market. This approach aims to highlight the unique features and benefits of their probiotic gummy compared to other brands.
Peter Billington Stereo, Inc., supplies car radios to auto manufacturers and is going to open a new plant. The company is undecided between Detroit and Dallas as the site. The fixed costs in Dallas are lower due to cheaper land costs, but the variable costs in Dallas are higher because shipping distances would increase. Dallas Detroit Fixed costs $ 560,000 $ 840 ,000 Variable costs $ 30/radio $ 21/radio a) Based on the analysis of the volume, after rounding the numbers to the nearest whole number, Dallas is best below and Detroit is best above:
Answer:
31,111
Explanation:
Data provided in the question:
Dallas Detroit
Fixed costs $560,000 $840,000
Variable costs $30/radio $21/radio
Now,
Let the Volume where both the options are equal be 'V'
Therefore,
V × (Variable cost of Dallas- Variable cost of Detroit) = (Fixed cost of Detroit - Fixed cost of Dallas)
or
V × ( $30 - $21 ) = $840,000 - $560,000
or
V × $9 = $280,000
or
V = 31111.11 ≈ 31,111
A planned channel system designed to improve distribution efficiency and cost-effectiveness by integrating various functions throughout the distribution chain is called a(n) _____ marketing system.
Answer:
Vertical marketing system.
Explanation:
A vertical marketing system (VMS) occurs when two companies come together, usually a wholesaler and retailer, to gain greater benefits to efficiently meet consumer demands.
In this system of union of companies, there is usually a large company and power to coordinate the activities of other parts of the channel, although there is union of organizations each part continues to carry out its own activities.
The main benefit of a VMS is the ability of the organization to control the production and sale processes of a good, which makes the process of anticipation of problems, and correction and optimization to keep up with market trends more effective.
a philosophy of manufacturing based on planned elimination of all waste and on continuous improvement of productivity is the definition of
Answer: Kaizen
Explanation: In simple words, Kaizen refers to the method of production in which the organisation focuses on increasing the production and reducing the waste that may occur during the process.
The objective of using such method is to gain sustained improvement in the processes and increasing efficiency in the operation continuously for a specified period of time.
This method is also termed as rapid improvement process as it requires organisation to make drastic changes in their processes.
Caroline is emotional but self-centered. She desires to be the center of attention everywhere as evidenced by her theatrical, loud, and larger-than-life behavior. Based on the description of Caroline, it can be inferred that she has ______ personality disorder.A) borderlineB) antisocialC) histrionicD) narcissistic
Answer:
Letter D is correct. Narcissistic.
Explanation:
Narcissistic personality disorder occurs when an individual has a high sense of self-importance. The symptoms are related to the need to always be the center of attention, a great sense of entitlement, the need for admiration and difficulty dealing with criticism.
This disorder needs to be diagnosed by a professional who will indicate the best psychotherapeutic treatments for case improvement. The causes of narcissism are unknown, but it is believed that there are environmental and genetic influences on individuals with the disorder.
In the current year, Chastain takes a trip from Charleston, South Carolina to France primarily for business purposes. He is away from home from March 5 through March 16. He spends four days vacationing and eight days (including two travel days) conducting business. His airfare is $2,900, his meals amount to $180 per day, and lodging and incidental expenses are $420 per day. He is self-employed. In your computations, round any division to two decimal places and use rounded amounts in subsequent calculations. Chastain's deductible expenses are:Plane and taxi expenses: $ _________.Lodging and incidental expenses: $ ___________.Meals: $ _________.
Answer:
Plane and taxi expenses - $1,943
Lodging and incidental expenses - $3,360
Meals expenses - $720
Explanation:
Certain business expenses are fully deductible limited to the amount used for business purpose. Some such expenses are travel expenses (air or roadways), lodging and other commutation charges. Expenses on meals are 50 percent deductible.
Chastin spends 4 days vacationing. So expenses incurred during that time are not deductible under business expenses.
He was conducting business for 8 days. Proportional amount of plane and taxi expenses will be deductible under business expenses as calculated below:
Plane and taxi expenses (Proportion for business) = 8 / 12 = 0.67
12 are total number of days for which expenses were incurred and 8 out of 12 days were for business purpose.
Deductible Plane and taxi expenses = 0.67 × 2,900 = $1,943
Lodging and incidental expenses = $420/day
Deductible lodging and incidental expenses = 420 × 8 = $3,360
Meals expenses = $180/day
Deductible meal expenses = 180 × 8 × 0.5
= $720
Only 50% of meals expenses are deductible under business expenses.
When sales are made in a local walmart, the sales data is sent to walmart headquarters where the data are used to build a picture of the buying habits of people who shop at individual walmarts across the nation.the use of makes this possible
A) POS systemsB) social shoppingC) e-commerceD) e-menusE) direct selling
Answer: POS system
Explanation: POS is an acronym for point of sale. The POS system is used mainly in retail stores to: check the prices of items through the scanner and calculating the total amount for goods bought and then generating receipts for goods bought.
The POS system keeps record of item sold on the system records and its records can be referenced to, to know customers buying behavior to know which items sell more and the items less desirable.
Which of the following indicates that the functional currency of a foreign subsidiary is the US dollar? Group of answer choices
a) Cash flows of the foreign entity do not immediately affect the US parent's cash flow.
b) Financing is primarily denominated in foreign currencies.
c) Sales markets of the foreign entity are primarily in foreign countries.
d) The volume of intraentity transactions is high. Labor, materials, and other costs consist primarily of local costs to the foreign affiliate.
Answer:
C) Sales markets of the foreign entity are primarily in foreign countries.
Explanation:
The US dollar is the most commonly used currency in the world, and most of foreign trade is carried out using the US dollar. If the foreign entity sells most of its production overseas (exports) then they will use the US dollar as their functional currency since all their exports will be valued in US dollars.
Jean, a geologic specialist, agreed to accept an overseas assignment for her company after the company agreed to store her yacht, provide security service 24X7, and arrange for Mimi, her cat, to go with her. What kind of pay factor was used?Base payDifferentialsBonusesIncentivesAssistance programs
Answer:
The answer is Assistance programs.
Explanation:
Because Assistance programs are benefits that are offered to employees to helps manage several challenges they might have to accomplish the job. In this case, the company offered Jean several benefits such as bringing the pet, storing the yacht, it is a way to motivate Jean to accept the offer and do the best she can.
Cesar, a satellite architect accepted an overseas assignment for his company when his company agreed to provide car, beach villa , sailboat and lump sum of $600,000. What kind of factor was used?a.Base payb.Differentialsc.Bonusesd.Incentivese.Assistance programs
Answer:
d.Incentives
Explanation:
Cesar receives a higher reward for the job thus, it receives more incentives to perform the company's request. The difference with bonuses is that Cesar will receive this either way it do not hae an objetive that once acomplished release this benefit.
Miller Corporation issued 7000 shares of its $5 par value common stock in payment for attorney services billed at $70,000. Miller Corporation's stock has been actively trading at $10 per share. The journal entry for this transaction would include a credit to: Select one:_______
A. Common Stock for $70,000
B. Paid-in Capital in Excess of Par-Common for $70,000.
C. Paid-in Capital in Excess of Par-Common for $35,000.
D. Legal Expense for $70,000.
Answer:
C. Paid-in Capital in Excess of Par-Common for $35,000.
Explanation:
The journal entry include
The common stock
= Number of shares × par value of share
= 7,000 shares × $5
= $35,000
Since the attorney services billed at $70,000 out of which the common stock value is $35,000 so the remaining balance $35,000 ($70,000 - $35,000) would be transferred to the Paid-in Capital in Excess of Par-Common