In recent years, foreign firms were reluctant to merge with or acquire American corporations.a. Trueb. False

Answers

Answer 1

Answer:

b. False

Explanation:

Merging or acquiring American corporations by foreign firms helps them consolidating businesses or assets with a view to increasing productivity, maintaining a competitive edge, growing market share, or controlling supply and distribution networks. It gives them a reputation at the international stage as the United States has a dominant capitalist stand and merging with it ensures a promising future in the business market.


Related Questions

Managers who are responsible for just one organizational activity are known as ______ managers.a. specialist b. first-line c. singular d. functional e. top-level

Answers

Answer:

d. functional

Explanation:

A functional manager can be described as a managers whose responsibility is to manage an organizational unit such as a department within an organization.

A manager can be given the responsibility to manager a specific department such as marketing, engineering, IT,  or public relations.

The primary role of a functional manager is to be in charge and manage  resources in his department, and to also to direct the technical work of people working on a project under his functional area.

Therefore, managers who are responsible for just one organizational activity are known as functional managers. The correct option is d. functional.

For each of the following parts of the definition of auditing, state which part of the precedingnarrative fits the definition:a. Informationb. Established criteriac. Accumulating and evaluating evidence d. Competent, independent persone. Reporting results

Answers

Answer:

Reporting results

Explanation:

Here reports involve various things like

1. Which of the trucks were parked as on June 30, 2011 at night

2. Figure out the ownership whether it is with the regional delivery service or not

3. Figure out the physical condition of the truck as per the guidelines prescribed

4. Analyze and evaluate the blue book for find out the fair value as per the blue book

These four things should be involved

Select the account classification that matches with the description.
Sales of products or services.
A. Assets
B. Dividends
C. Expenses
D. Liabilities
E. Revenues
F. Stockholder's Equity

Answers

Answer:

E. Revenues

Explanation:

The sale of products or services brings about revenue to the business.

The revenue according to the accrual concept is recognized when an entity has performed its obligation of delivering goods or rendering services to its customers.

Sale revenue has the expenses deducted from it in a bid to ascertain the company's profitability or the bottomline

The following information is available for Sandhill Company at December 31, 2017, regarding its investments.
Securities Cost Fair Value
2,500 shares of Myers Corporation Common Stock $36,200 $45,300
900 shares of Cole Incorporated Preferred Stock 24,300 20,800
$60,500 $66,100
Prepare the adjusting entry (if any) for 2017, assuming no balance in the Fair Value Adjustment account at January 1, 2017. Neither of Sandhill’s investments result in significant influence. Assume the securities as trading securities.

Answers

Answer:

Fair value adjustment Dr - $5,600

Unrealized holding gain Cr - $5,600

Explanation:

Date   Description                                                   Debit       Credit

          Fair value adjustment - available for sale   $5,600  

          Unrealized holding gain or loss-income                     $5,600

Working

Fair value adjustment - available for sale = $66,100 - $60,500 = $5,600

Do you think most employers are serious about the development of their employees or are they only concerned with productivity?

Answers

Answer:

Productivity is the phenomena of the world economies. It is important for the development and growth.

Explanation:

There are many international and national organization that take care about their employees growth. But many of organization are there which is only think about the productivity not about their employees. The industrial organization psychology worked on this concepts. Many research has been done just because to find out about the employees condition and productivity in an organization.

It is very important for employers if they think about the mental, physical health of their employees it affects the productivity. If employees are satisfied with the environment and policy of a company then productivity will also increase side by side.

Boxer Industries worked on four jobs during its first year of operation: nos. 401, 402, 403, and 404. A review of job no. 403's cost record revealed direct material charges of $40,000 and total manufacturing costs of $50,000. If Boxer applies overhead at 150% of direct labor cost, the overhead applied to job no. 403 must have been:________.
A. $6,000.
B. $0.
C. $5,000.
D. $4,000.
E. $3,333

Answers

Answer:

Overhead= $6,000

Explanation:

Giving the following information:

Job 403:

Direct material=  $40,000

Total manufacturing costs = $50,000

Boxer applies overhead at 150% of direct labor cost.

Total manufacturing costs= direct material + direct labor + allocated overhead

50,000= 40,000 + (direct labor + allocated overhead)

(direct labor + allocated overhead)= $10,000

We know that overhead is 50% higher than direct labor. In 100%, direct labor would de 40% and overhead 60%.

direct labor=10,000*0.4= $4,000

Overhead= 10,000*0.6= $6,000

Following is selected financial information from General Mills, Inc., for its fiscal year ended May 29, 2016 ($ millions):
Cash from financing activites includes the effects of foreign exhange rate fluctuations.
Revenue $16,563.1
Cost of goods sold $10,733.6
Cash from operating activities 2,629.8
Cash, ending year 763.7
Cash, beginning year 334.2
Total liabilities 16,405.2
Stockholders' equity 5,307.1
Cash from investing activities 93.4
Noncash assets 20,948.6
Total expenses (other than cost of goods sold) 4,092.7
Cash from financing activities* (2,293.7)
Prepare the income statement, the balance sheet, and the statement of cash flows for General Mills for the fiscal year ended May 29, 2016.

Answers

Answer:

General Mills, Inc.

1. Income Statement for the fiscal year ended May 29, 2016:

Revenue                    $16,563.1

Cost of goods sold   $10,733.6

Gross profit                $5,829.5

Total expenses          $4,092.7

Net Income                 $1,736.8

2. General Mills, Inc. Balance Sheet for the fiscal year ended May 29, 2016:

Cash                             $763.7

Non-cash assets      20,948.6

Total assets             $21,712.3

Total liabilities          16,405.2

Stockholders' equity 5,307.1

Total Liab. + equity $21,712.3

3. General Mills, Inc. Statement of Cash Flows for the fiscal year ended May 29, 2016:

Cash from operating activities    $2,629.8

Cash from investing activities             93.4

Cash from financing activities*     (2,293.7)

Net Cash Flows                               $429.5

Cash, beginning year                        334.2

Cash, ending year                           $763.7

Explanation:

a) Interestly, General Mills, Inc.'s income statement shows the financial performance (profit points) of the company when revenue is compared with the cost of goods sold and the expenses.  The first profit point is the gross profit, which is the difference between revenue and cost of goods sold.   The second profit point is the net income, which is the difference between the gross profit and the expenses incurred for the period in running the business.

b) On the other hand, General Mills, Inc.'s balance sheet shows the financial position of the company.  They show what the business owns (assets) and what it owes (liabilities) outsiders and the owners of the company (equity).

c) While, General Mills, Inc.'s statement of cash flows shows the cash flows from operating, financing, and investing activities of the company, and the net cash flows for the period, which can be reconciled to the beginning cash to obtain the ending cash balance.


What is an economy?

Answers

An area of production,distribution and trade, Could also include consumption of goods and services by different agents

If the nominal annual interest rate is 12% compounded quarterly, what is the effective annual interest rate?

Answers

Answer:

the effective annual interest rate is 12.55 %

Explanation:

The computation of the effective annual interest rate is shown below:

Effective annual interest rate is calculated by using the following formula

= {(1 + interest  ÷ number of compounding period)^number of compounding period} - 1

= (1 + .12 ÷ 4)^4-1

= (1.03)^4 - 1

r = 1.1255 - 1

r=.1255

hence, the effective annual interest rate is 12.55 %

You run a manufacturing facility that makes roller skates. Fixed monthly cost is $50,000 in mortgage, $3,000 per employee on average in salaries (you have 40 employees) and $20,000 in other expenses. The cost of raw materials is $2 per skate, and other costs per skate average to about $1. You sell the skates for $19.95 each.
How many skates must you sell to breakeven?
Define the random variable X.
Express Total Revenue, Fixed Cost, Variable Cost, Total Cost, and Profit in terms of X.
Calculate Breakeven point.

Answers

Answer and Explanation:

The computation is shown below:

Let us assume the Breakeven point be X

Now

Total revenue = $19.95.X

And,

Total cost  is

= Total fixed cost + Total variable cost

= $190,000 + 3.X

Also as we know that At Breakeven point,

Total revenue = Total cost

19.95.X = $190,000 + 3.X

16.95.X = $190,000

X = $190,000 ÷ $16.95

= 11,209.43 units

Therefore the break even point is 11,209 units

The cost of debt is lower than the costs of stocks. a. True b. False

Answers

Answer:

True

Explanation:

The cost of debt is the rate of return that equates the price of the bond to the stream of future cash flows. Interest payable on debts are tax-deductible. It implies that businesses which use debt finance could use the interest paid on them as an expense to reduce the taxable profit and then pay lower tax.

On the other hand, cost of equity is more expensive than debt partly because the equity investors perceived equity to be riskier than debt. Therefore, they would require a higher return to compensate them for the higher risk. Note that return paid to investors is cost to the company.

Also, cost o equity includes such cost as issuing cost which further make equity more costly

The income statement, also known as a profit and loss (P&L) statement, provides a snapshot of a company's financial performance during a specified period of time. It reports a firm's gross income, expenses, net income, and the income that is available for distribution to its preferred and common shareholders. The income statement is prepared using the generally accepted accounting principles (GAAP) that match the firm's revenues and expenses to the period in which they are incurred, not necessarily when cash is received or paid. Investors and analysts use the information presented in the income statement, and the other financial statements and reports, to evaluate the company's financial performance and condition Consider the following scenario: Green Caterpillar Garden Supplies Inc.'s income statement reports data for its first year of operation. The firm's CEO would like sales to increase by 25% next year. 1. Green Caterpillar is able to achieve this level of increased sales, but its interest costs increase from 10% to 15% of earnings before interest and taxes (EBIT). 2. The company's operating costs (excluding depreciation and amortization) remain at 70.00% of net sales, and its depreciation and amortization expenses remain constant from year to year. 3. The company's tax rate remains constant at 40% of its pre-tax income or earnings before taxes (EBT). 4. In Year 2, Green Caterpillar expects to pay $100,000 and $896,963 of preferred and common stock dividends, respectively.Complete the Year 2 income statement data for Green Caterpillar, then answer the questions that follow. Round each dollar value to the nearest whole dollar. Green Caterpillar Garden Supplies Inc. Income Statement for Year Ending December 31 Year 1 Year 2 (Forecasted) $15,000,000 10,500,000 600,000 600,000 $3,900,000 390,000 Net sales Less: Operating costs, except depreciation and amortization Less: Depreciation and amortization expenses Operating income (or EBIT) Less: Interest expense Pre-tax income (or EBT) Less: Taxes (40%) Earnings after taxes Less: Preferred stock dividends Earnings available to common shareholders Less: Common stock dividends Contribution to retained earnings $3,510,000 1,404,000 $2,106,000 100,000 $2,006,000 737,100 $1,109,037 $1,565,787 Given the results of the previous income statement calculations, complete the following statements:Given the results of the previous income statement calculations, complete the following statements: • In Year 2, if Green Caterpillar has 10,000 shares of preferred stock issued and outstanding, then each preferred share should expect to receive in annual dividends. • If Green Caterpillar has 500,000 shares of common stock issued and outstanding, then the firm's earnings per share (EPS) is expected to change from in Year 1 to in Year 2 • Green Caterpillar's before interest, taxes, depreciation and amortization (EBITDA) value changed from in Year 1 to in Year 2. • It is to say that Green Caterpillar's net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company's annual contribution to retained earnings, $1,109,037 and $1,565,787, respectively. This is because of the items reported in the income statement involve payments and receipts of cash.

Answers

Answer:

The  solution and the calculation is shown on the first , second and third image  

Explanation:

Who is most likely to benefit when the Canadian dollar depreciates against the euro? A. Foreign sellers to Canadian buyers B. Canadian buyers of foreign goods C. Canadian sellers to foreign buyers D. None of these will benefit

Answers

Answer:

A

Explanation:

When the Canadian dollar depreciates against the euro, the value of the Canadian dollar falls relative to the Euro.

For example, the exchange rate before the depreciation is 40 Canadian dollar / Euro. After the depreciation, it is 80 Canadian dollars / Euro.

Goods become more expensive for Canadian buyers of foreign goods. For example, a foreign good costs 160 Euros. Before the depreciation the good would cost (160 x 40) = 6400 Canadian dollars. After the depreciation, it would cost, 12,800 Canadian dollars.

Canadian sellers to foreign buyers don't benefit from the depreciation. Assume a local good costs 40 Canadian dollars. foreigners would pay 1 Euro for the good before depreciation. After depreciation, foreigners would pay 0.5 Euros for the good

The goal of the business firms in a market economy is to maximize:
A. Profits
B. Sales
C. Consumer utility
D. Welfare

Answers

Answer:

The answer is A.

Explanation:

The goal of all business firms is to maximize profits. No business is set up just to be making losses. Even Not-for-profit companies are not being expected to be running at loss.

Maximizing profits increase shareholders's wealth.

Maximizing consumers's utility is from the perspective of customers. A customer is seeking yo maximize its utility.

Codes of ethics are insufficient and do not serve their proper purpose if they are intended only to ensure that company policies are legal.
A. True
B. False

Answers

True I think but I’m positive
It’s true is the answer

What is tax planning, and how is it related to savings and investment planning? Tax planning involves evaluating your current and projected earnings and developing strategies that can legally_______ and/or_______ your tax liability. As it is currently written, the U.S. tax code recognizes several types of taxable income, including: Active,or ,_______income Passive income Portfolio, or ,_______income Tax-deferred and/or tax-free income Tax planning is closely related to savings and investment planning, because tax-reducing strategies often involve the use of tax-deferred or tax-free investments Tax-free investments are so called because the interest or other income paid to their owners is federal, and, perhaps, state taxes. Owners of tax-deferred investments, on the other hand, are allowed to paying taxes on any returns generated by the investment.

Answers

Answer:

defer and/or reduce

ordinary income; Passive Income Portfolio, or, Investment income

Explanation:

Tax planning is a measure to control the tax liability in a legal and effective manner, which does not lead to any misconduct and also ensures that the person in concern have to pay the least tax possible.

As per US Internal Revenue Code, ordinary income is the income which is charged to tax at ordinary rates, that is income other than the capital gains, as capital gains are chargeable at some specified rates.

Investment incomes are income earned through investments, these days to reduce the tax burden many investments which provide exemption or deduction in tax liability, because of investment in that security, or the income earned through that investment is exempt or deducted from gross total income. Therefore, investment and savings are closely related to the tax planning.

In general, is the U S. federal tax system progressive or regressive?
A. Regressive
B. Progressive

Answers

Answer:

Option B (Progressive) is the correct choice.

Explanation:

The federal income tax throughout the US seems to be a progressive form of taxation. The effective tax rate system places additional personal income taxation on someone with maximum salaries, as well as a lower corporate tax rate on those with a relatively low wage. The number of percentage changes at increments as tax earnings rise.

How can a business or organization benefit from using a consultant?

Answers

Explanation:

A consultant offers an organization his or her wealth of experience to the organization. For example, a consultant may

give useful advice about what investments  a company should make.help to draft out strategies for growthassist in managing projects.provide cheaper services that hiring employees.
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