Answer:
Selling an idea to a high-content versus low-content culture would involve emphasizing the substance and details of the idea in a high-content culture, while in a low-content culture the emphasis would be on the benefits and practical applications of the idea. In a high power distance culture, the emphasis would be on the expertise and authority of the person presenting the idea, while in a low power distance culture the emphasis would be on the idea itself and its potential benefits to the audience.
For example, if I were passionate about the idea of creating a community garden in my neighborhood, I might present the idea to a high-content culture by focusing on the specific plants and techniques that would be used in the garden, and how they would benefit the local ecosystem. In a low-content culture, I might focus on the potential health benefits of having access to fresh produce, and the potential for creating a sense of community among neighbors.
In a high power distance culture, I might present myself as an expert on gardening and emphasize my qualifications and experience, while in a low power distance culture I might focus on the idea itself and invite discussion and feedback from the audience.
differential revenue is the amount of increase or decrease in revenue expected from ap articular course of action as compared with an alternative. t/f
The statement given is true. Differential revenue is the amount of increase or decrease in revenue expected from a particular course of action as compared with an alternative.
The difference in sales that will result from two alternative actions is known as differential revenue. The idea is frequently applied while choosing between two (or more) investments in a company.
You often have at least two options, if not more, to pick from when making decisions that have an impact on the operations or financial health of your business. Making decisions is made easier with the help of comparison. One such comparison is differential revenue. To determine differential revenue, sum the revenues for each option and deduct the higher income option from the lower one.
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in long-run equilibrium, purely competitive markets: group of answer choices yield economic profits to most sellers. minimize total cost. maximize the sum of consumer surplus and producer surplus. inevitably degenerate into monopoly in increasing-cost industries.
In long-run equilibrium, purely competitive markets maximize the sum of consumer surplus and producer surplus.
The long run is a theoretical concept in economics where all markets are in equilibrium, all prices have fully adjusted, and all quantities are in equilibrium. The short-run, where there are certain restrictions and markets are not completely in equilibrium, contrasts with the long-run.
An economy is in a recession if its real GDP at the moment is lower than the output at full employment. An economy is in a boom if its real GDP at the moment is higher than its output at full employment. We say the economy is in long-run equilibrium if the current output is equivalent to the output at full employment.
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entries for issuing bonds thomson co. produces and distributes semiconductors for use by computer manufacturers. thomson issued $480,000 of 15-year, 12% bonds on may 1 of the current year at face value, with interest payable on may 1 and november 1. the fiscal year of the company is the calendar year. date transaction may 1. issued the bonds for cash at their face amount. november 1. paid the interest on the bonds. december 31. recorded accrued interest for 2 months. journalize the entries to record the above selected transactions for the current year. if an amount box does not require an entry, leave it blank. date account debit credit may 1 - select - - select - - select - - select - nov. 1 - select - - select - - select - - select - dec. 31 - select - - select - - select - - select -
May 1. Issued the bonds for cash at their face amount Debit Cash Account $900,000 to Credit Bond Account $900,000, Nov 1. Paid the interest on the bonds Debit Interest on Bond Account $31,500 (900,000 * 7% * 6/12) to Credit Cash Account $31,500.
Which debit do you mean?A debit is a record of the funds that have been deducted from your bank account, such as when you write a check. The amount of debits and credits must equal one another. Synonyms: repayment, payment, debt, commitment More debit's opposites.
Is debit a positive or negative number?A balance sheet account's debit is its positive side, and a result item's debit is its negative side. In accounting, a debit entry is one that appears on the left side of a double-entry bookkeeping system and denotes either the addition of an asset or expense or the decrease of a liability or revenue. A credit is what a debit is the opposite of.
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is planning construction of a new shipping depot for the single manufacturing plant. The initial cost of the investment is $500,000. Efficiencies from the new depot are expected to generate cash flows of $70,000 for each of the next 20 years. The corporation has a total market value of equity of $60 million and has outstanding debt of $40 million. What is the NPV of the project if the firm has an after tax cost of debt of 6% and cost of equity of 9% $197,621 $30,192 $302,894 $213,614 Negative NPV
The NPV of the project if the firm has an after tax cost of debt of 6% and cost of equity is NPV = $197,621.
Market value of Equity = $60,000,000
Market value of Debt = $40,000,000
Weight of Equity = $60,000,000 / ($60,000,000 + $40,000,000) = 60%
Weight of Debt = $40,000,000 / ($60,000,000 + $40,000,000) = 40%
WACC = (0.60 * 9%) + (0.40 * 6%)
= 7.80%
NPV = Present value of cash inflows - Initial Investment
NPV = $70,000 / (1.078)1 + $70,000 / (1.078)2 + $70,000 / (1.078)3 + $70,000 / (1.078)4 + $70,000 / (1.078)5 + $70,000 / (1.078)6 + $70,000 / (1.078)7 + $70,000 / (1.078)8 + $70,000 / (1.078)9 + $70,000 / (1.078)10 + $70,000 / (1.078)11 + $70,000 / (1.078)12 + $70,000 / (1.078)13 + $70,000 / (1.078)14 + $70,000 / (1.078)15 + $70,000 / (1.078)16 + $70,000 / (1.078)17 + $70,000 / (1.078)18 + $70,000 / (1.078)19 + $70,000 / (1.078)20 - $500,000
NPV = $697,621 - $500,000
NPV = $197,621
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World trade has assumed an importance heretofore unknown to the global community and as a result, many countries and firms have found it highly desirable to become major participants in international marketing.
TRUE
It is true that world trade has assumed an importance heretofore unknown to the global community and as a result, many countries and firms have found it highly desirable to become major participants in international marketing.
An intergovernmental body that controls and promotes global trade is the World Trade Organization (WTO). Governments use the United Nations System to create, amend, and enforce the laws that regulate international trade with effective cooperation. According to the 1994 Marrakesh Agreement, it began operating formally on January 1st, 1995, taking the place of the 1948-established General Agreement on Tariffs and Trade (GATT). The WTO is the biggest international economic organization in the world, with 164 members representing more than 98% of trade and GDP worldwide.
The WTO provides a framework for the negotiation of trade agreements, which typically aim to lower or remove tariffs, quotas, and other limitations.
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if annual overhead costs are expected to be $800,000 and direct labor costs are expected to be $1,000,000, then if the activity base is direct labor costs: group of answer choices $1.25 is the predetermined overhead rate. for every dollar of manufacturing overhead, 80 cents of direct labor will be assigned. for every dollar of direct labor, 80 cents of manufacturing overhead will be assigned. a predetermined overhead rate cannot be determined.
The correct answer to this question is option c, that is, for every dollar of direct labor, 80 cents of manufacturing overhead will be assigned.
The question states: annual overhead costs are expected to be $800,000 and direct labor costs are expected to be $1,000,000
All costs on the income statement other than direct labor, direct supplies, and direct expenses are referred to as overhead expenses. Accounting fees, advertising, insurance, interest, legal fees, labor costs, rent, repairs, supplies, taxes, phone bills, travel expenses, and utilities are examples of overhead costs.
A component of the wage bill or payroll known as direct labor cost can be specifically and regularly ascribed to or related with the production of a good, a specific job order, or the delivery of a service.
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identify which accounts would appear in a post-closing trial balance: multiple select question. supplies expense merchandise inventory rent expense equipment accounts receivable drawing
Permanent (real) accounts would appear in a post-closing trial balance
At the end of the accounting month, all temporary accounts will be closed off to zero. Therefore, the post-closing trial balance should reflect the same balance as the balance sheet because it only includes permanent accounts. The post-closing trial balance should only show the balances of permanent accounts. These post-closing T-account balances are moved to the post-closing trial balance's debit or credit column, depending on the account type. Once all accounts have been entered, add up the values in each column and make sure they add up to the same amount.
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during the closing phase, the project manager's challenge is to keep the project team focused on the remaining project activities and delivery to the customer until the project is complete.
The above statement is "during the closing phase, the project manager's challenge is to keep the project team focused on the remaining project activities and delivery to the customer until the project is complete" is true.
The term “project manager” refers to an expert in the field. In any endeavor with a defined scope, a defined start and a defined end, regardless of the industry, the project manager is responsible for the planning, sourcing, and execution of the project.
As the project spokesperson, the project manager is the first point of contact for any difficulties or disagreements that arise between the heads of different departments in a company. This prevents the matter from escalating and involving higher-level authorities. A project manager's job is to manage projects.
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firms that are perfectly competitive will have a value of the marginal product curve. group of answer choices horizontal vertical downward-sloping upward-sloping.
C) The individual perfectly competitive firm's demand curve is horizontal, so the price stays the same.
This option is correct because the perfectly competitive firm's demand curve is horizontal. It indicates that profit is maximized when a product's marginal revenue is equal to its marginal cost, price, and average revenue. The demand curve is another name for the average revenue curve.
The market in which a product's price is determined by balancing market demand and supply is known as a perfectly competitive market. It indicates that the market equilibrium is established when two curves intersect.
With an example, what is the ideal market?A perfect market is one in which there are no anomalies that would prevent the best prices from being obtained. These are some perfect market structure examples: a lot of people who bought it. a significant number of vendors. The products are all the same.
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Full Question = The demand curve faced by the individual perfectly competitive firm is:
a. vertical.
b. upward sloping.
c. horizontal.
d. downward sloping.
maya is the promoter of a corporation called phoenix inc., which is in the process of being formed. prior to incorporation, maya rents office space in phoenix's name. phoenix is bound by maya's contract.
False
False, phoenix is not bound by maya's contract even if maya is the promoter of a corporation
A promoter is the person who takes the initiative to start or organize a business in accordance with corporate law. A promoter is the originator or organizer of a corporation or business endeavor. The word is most frequently used in relation to incorporation.
The function of a promoter may be entirely or partially carried out by an investment banker, underwriter, or stock promoter. Promoters often have a duty of absolute good faith to reveal all relevant information about the company's operations and not to deceive any potential investors.
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Reporting operating leases as short-term leases results in a number of distortions in the ROE disaggregation analysis.
Which of the following is not a distortion?
Select one:
a. Operating income is lower.
b. Net operating asset turnover is overstated.
c. Financial leverage is understated.
d. All of the above are distortions.
Option c is Correct. Operating leases reported as short-term leases cause a number of anomalies in the ROE disaggregation analysis, but the understatement of financial leverage is not one of them.
Typically, the ratio of debt to net assets or debt to enterprise value is used to calculate financial leverage. Because corporate commitments to ongoing and future capital investments create hidden leverage that behaves like debt but does not show up on book balance sheets, these measurements typically underestimate effective leverage.
By industry standards, a financial leverage ratio of less than 1 is typically seen as favorable. Lenders and potential investors may view a firm as a dangerous investment if its financial leverage ratio is greater than 1, and it is cause for alarm if it is greater than 2.
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theanswer method of the element interface returns true if the element has the attribute that's specified in the parameter.
The attribute method of the element interface returns true if the element has the attribute that's specified in the parameter.
A specification that describes a property of an object, element, or file is known as an attribute in computing. Additionally, it has the ability to set or refer to a value for a particular instance of such. Attributes should actually be thought of as metadata. An attribute is frequently and generally a property of a thing. However, the term attribute can and commonly is considered equivalent to a property depending on the technology being discussed.
The attribute method is a method of the Element interface in the document object model that is used to determine if an element has a specified attribute. It takes a single parameter, which is the name of the attribute that a user wants to check for.
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When a buyer takes over payments on a loan without telling the lender, this is called a purchase _____________.
When a buyer takes over payments on a loan without telling the lender, this is called a purchase Subject to existing financing
A mortgage that is subject to an existing mortgage is what the term "subject to mortgage" imply. In a subject to deal, the seller does not pay off their current mortgage; rather, the new buyer assumes responsibility for paying off the seller's previous debts. Subject to mortgages are frequently misunderstood but are not as complicated as many first believed. The answer is in the name, if for no other reason than the fact that very few people actually know what a subject to mortgage is. The loan that is already in place is what the phrase "subject to" in a subject to mortgage most simply refers to.
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prepare the statement of cash flows of dux company for the year ended december 31, 2021. present cash flows from operating activities by the direct method.
Cash flow is a measure of how much money a business brought in or spent overall over a period of time.
Monitoring an organization's cash flow, a cash flow statement is a crucial tool for managing finances. This report is one of the three crucial ones that determine a company's performance, together with the income statement and the balance sheet.
The statement of cash flows direct method does not convert the operational section from accrual accounting to a cash basis; rather, it uses real cash inflows and outflows from the company's activities. When income is earned rather than when a customer pays, it is recorded using accrual accounting.
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cleats, unlimited developed a new style of soccer shoe. this is an example of . group of answer choices product development market penetration product differentiation market development diversification
Product Development
How does product development work?The process of creating a product, from its initial concept or idea through its eventual release on the market and beyond, is generally referred to as product development.
Marketing differentiation: What does it mean?To draw and keep customers, marketing differentiation involves creating distinctive goods and services. Companies that employ marketing differentiation can set their products apart from those of rivals in a number of ways, including price, quality, service, innovation, and accessibility.
How Does a Product Differentiate?The primary factor or factors that set a company's goods or services apart from those of the competitors are called product differentiators. Brand loyalty and higher sales are the results of effective product differentiation.
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jeremy told the marketing team that personal selling is the most costly way to communicate with prospects. this is because it
You will establish your initial personal connection with your prospect or prospects at the approach stage of the selling process. This phase entails customizing your meeting or otherwise building rapport in order to engage the potential customer or buyer.
What is the customer?A customer is someone who makes a purchase from a seller, vendor, or supplier of goods, services, or ideas in exchange for money or another beneficial value. Sales, business, and economics all fall under this criteria.
A customer is any person or organization that makes a purchase from another firm. Because they provide revenue, customers are essential to businesses because they would not exist otherwise. The adaptability of personal selling is its greatest asset. Salespeople can modify their
Presentations to meet the wants, motivations, and actions of certain clients. Salespeople can immediately make necessary adjustments as they see the prospect's response to a sales approach.
Therefore, In order to engage the potential customer or buyer.
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At December 31, 2021, Bramble Corp. reported this information on its balance sheet.
Accounts receivable
Less: Allowance for doubtful accounts
2.
During 2022, the company had the following transactions related to receivables.
3.
$555.000
5.
36.000
Sales on account
Sales returns and allowances
Collections of accounts receivable
Write-offs of accounts receivable deemed uncollectible
Recovery of bad debts previously written off as uncollectible
$2.746.000
46,000
2,147.000
40,000
15,000
Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Credit occount titles are automaticolly indented when amount is entered. Do not indent monually). 4. 5. (To reverse account previously written oft) (To record the collection of accounts receivable.)
Journal entries are made by organization or companies to manage their accounts, sales and revenue.
To record sales on account:
Debit: Accounts Receivable, $555,000
Credit: Sales, $555,000
To record sales returns and allowances:
Debit: Sales Returns and Allowances, $46,000
Credit: Accounts Receivable, $46,000
To record collections of accounts receivable:
Debit: Cash, $2,147,000
Credit: Accounts Receivable, $2,147,000
To record write-offs of accounts receivable deemed uncollectible:
Debit: Allowance for Doubtful Accounts, $40,000
Credit: Accounts Receivable, $40,000
To reverse previously written off accounts:
Debit: Accounts Receivable, $15,000
Credit: Allowance for Doubtful Accounts, $15,000
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Based on the industry-low, industry-average,and industry-high values for the benchmarking data on pp. 6-7 of each issue of the FIR, which one of the following is the most valid signal that one or more elements of a company's costs are too high relative to those of rival companies? The company's distribution and warehouse expenses per branded pair sold in North America are only $1.20 below the industry-average benchmark The company's marketing expenses per branded pair sold are above the industry-average in the Latin America region The company's total compensation package for production workers is about $2,000 above the industry-average benchmark in those geographic regions where the company has production operations The company's operating profit per branded pair sold is $0.50 above the industry-average benchmark in the Asia-Pacific region The company's worker productivity is about 350 pairs/worker/year below the industry- average in the Asia-Pacific region Copying, redistributinn or wrmhoite
The most reliable indication that one or more aspects of a company's costs are excessively high in comparison to those of competitors is (C) The company's total compensation package for production workers is about $2,000 above the industry-average benchmark in those geographic regions where the company has production operations
Benchmarking is the process of comparing a company or a part of a company to a standard in order to measure and evaluate performance in a business setting. Such a standard is typically developed by concentrating on the industry as a whole or on certain competitors who best represent the industry's competitiveness.
Option C shows a greater comparative cost compared to the industry competitors, which implies that the company has been underperforming in terms of containing the costs it incurs in comparison to the competition. When compared to the competition, the differences between other solutions' prices are not sufficiently large to justify them.
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If a time series has a growth rate that increases to higher rates over time, it can be described as having .
In a book he wrote in 1798, Malthus asserted that populations expand quickly in the presence of unrestricted natural resources, but that as these are used up, population growth slows. Exponential expansion is the term used to describe this rapid pattern of population growth.
What does the growth curve go by whose name best captures the pace of change over time?When a population is growing exponentially, its growth rate gradually rises in line with its size.
What do you call a growing rate?A process called exponential growth sees a rise in quantity over time. When a quantity's derivative, or instantaneous rate of change with respect to time, is proportionate to the quantity itself, this phenomenon takes place.
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because customs dictate appropriate business protocol, the blank stage of the personal selling process is critical in international sales.
In international sales, the preapproach stage of a personal selling process is crucial since customs regulations govern the proper business practice.
Describe custom.Import duty, tariff, import tax, or import tariff are other names for import duty. When imported products initially enter the country, import duty is assessed. A number of international organizations and treaties directly affect import taxes.
What are the primary goals of custom?Customs fees are levied on all goods sold within the country, even those that are imported, with the goal of protecting local economies. The primary purpose of taxes is to bring in revenue for the government.
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the porter family has two adults and three children. mrs. porter is a prominent lawyer in the state capital. her income is currently $160,000. her husband takes care of the kids. he has not worked in several years and has training as a computer programmer. since he has not stayed up-to-date with best practices in his field, he expects that he would have a hard time if he ever tried to re-enter the workforce. their youngest child is 3 years old. they have the following outstanding debts: $140,000 on their mortgage, $20,000 on cars, $1,200 on credit cards, and $50,000 on student loans
It would be beneficial for Porters to look into debt relief strategies to help them get back on track with their financial goals.
The Porters are a family of five living in the state capital. Mrs. Porter is a successful lawyer earning $160,000 a year, while her husband stays at home to take care of their three children, the youngest of whom is three years old. Since he has not worked in several years, he feels he would have difficulty re-entering the workforce due to outdated skills.
In terms of their finances, the Porters owe $140,000 in mortgage payments, $20,000 on cars, $1,200 on credit cards, and $50,000 in student loans. This adds up to a total of $211,200 in debt, which is a significant sum for the family. They are likely to be struggling to make their payments each month and to pay for other necessities like groceries and utilities. It would be beneficial for them to look into debt relief strategies to help them get back on track with their financial goals.
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you're creating a video ad for a salon and your goal is to drive client bookings through the salon's website. which of the following call-to-actions (ctas) should you use in the ad?
a. Call now
b. Learn more
c. Check us out
d. Book now
Option (d), You want to promote online reservations for salon services in your video campaign. Use the "Book now" call-to-actions in the advertisement.
advertisement refers to the methods used to draw attention to a good or service. In order to attract consumers' attention, advertising seeks to highlight a good or service. It is often used to market a particular product or service, although there are many other applications as well, with commercial advertising being the most popular.
Through "branding," which links a product name or image with particular traits in consumers' minds, commercial advertising frequently aim to boost consumption of their goods or services. Direct-response advertising, on the other hand, is the term used to describe advertisements that aim to prompt a quick sale. Political parties, interest groups, religious institutions, and governmental bodies are examples of non-commercial organizations that promote goods and services more than consumer goods.
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descriptions of factors such as the background of the company, your competitive advantage, company objectives, and the legal business form would be found in which of the following sections?
Company sections would provide details of elements including the history of the company, your competitive advantage, company goals, and the legal business form.
What do you mean when you refer to company law?
LAW. the body of regulations governing the establishment and operation of businesses: Charity recipients need not be mentioned in annual reports per corporation law, but recipients of political donations must. It is a group of people coming together voluntarily to contribute to the capital needed for the firm to operate.
What constitutes a company law?In Nigeria, a complex of legislation known as corporate law governs the formation and operation of corporations. It also consists of several laws that control the taxation of corporations and some business operations. It has a separate legal existence, limited responsibility, the power to enter into contracts, possess property, bring legal actions or be subject to legal action, and perpetual succession.
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for investors, credit rating agencies provide independent, easy-to-use measurements of relative credit risk. the most well-known credit rating agencies are . (check all that apply.) multiple select question. securities and exchanges sarbanes-oxley moody's standard
For investors, credit rating agencies provide independent, easy-to-use measurements of relative credit risk. the most well-known credit rating agencies are Standard and Poor's; Moody's.
An investor is the market player most people most often buddies with the inventory market. buyers are folks that buy shares of a corporation for the long time with the belief that the business enterprise has strong destiny prospects.
An investor is any man or woman or different entity (including a firm or mutual fund) who commits capital with the expectation of receiving monetary returns.
As a lending investor you aren't an owner. in case you purchase equity in a corporation you have got made an ownership funding. The return you earn may be your proportional share of the commercial enterprise's income. The initial funding amount will stay tied up in the corporation's total value.
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T/F. an undisclosed principal is one whose identity is totally unknown by an agent and a third party at the time a contract is made.
The given statement "an undisclosed principal is one whose identity is totally unknown by an agent and a third party at the time a contract is made." is true.
Contract:
In economics, contract refers the agreement between parties, creating mutual obligations that are enforceable by law.
Given,
Here we need to identify whether the given statement "an undisclosed principal is one whose identity is totally unknown by an agent and a third party at the time a contract is made." is true or false.
In order to find the liability of the statement, we must know the definition of disclosed and undisclosed principal.
Disclosed principal means principal whose identity is known by the third party at the time the contract is made by the agent whereas the undisclosed principal refers the principal whose identity is totally unknown by the third party, while the third party has no idea that the agency is acting in an agency capacity at the time the contract is made.
Therefore, the given statement is true.
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which of the following workplace hazard control approaches is the least preferable way of reducing occupational exposures
PPE is the workplace hazard control approaches is the least preferable way of reducing occupational exposures.
An occupational exposure limit is a cap on the amount of a hazardous substance that can be present in the air at work for a given material or class of materials. To safeguard occupational safety and health, standards are normally established by competent national agencies and enforced through legislation. A patient's blood may come into contact with the eye, nose, mouth, or skin in the workplace or cause needlesticks, wounds, or other injuries from other sharp objects that have been contaminated with the blood of an infected patient. Exposure to blood or bodily fluids while doing one's job duties is referred to as occupational exposure. Non-Workplace exposures include any direct mucosal, percutaneous, or intravenous contact with potentially infected body fluids that takes place outside of perinatal or occupational circumstances.
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question 12 scenario 2, continued the community garden grand opening was a success. in addition to the 55 donors food justice rock springs invited, 20 other prospects attended the event. now, tayen wants to know more about the donations that came in from new prospects compared to the original donors. this sql query can be used to identify the percentage of contributions from prospects compared to total donors
Prospective customers make up 36% of the total contribution. Comparison of two quantities, with the second amount being rebased to 100, is the fundamental task of percentage.
Given: The official launch of the communal garden went well. 20 prospects attended the event in addition to the 55 donors food justice rock springs who were invited. Now that the gifts from new prospects have surpassed those from the initial contributors, Taye is interested in learning more about them.
Here, we must determine the prospects' share of the contribution.
The right question to ask in order to determine the proportion of donations from prospects is,
(Total Donors / Total Prospects * 100)
We discovered that, upon examining the provided question
20 total prospects
55 donors total
The contribution proportion is thus,
=> (20/55) x 100
=> 0.36 x 100
=> 36 percent
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Presenting consolidated financial statements this year when statements of individual companies were presented last year is a. a correction of an error. b. an accounting change that should be reported prospectively. c. not an accounting change. d. an accounting change that should be reported by restating the financial statements of all prior periods presented.
The financial statements of a business having numerous divisions or subsidiaries are called consolidated financial statements. Companies frequently refer to the aggregated reporting of their entire firm together when using the term "consolidated" in financial statement reporting.
Consolidated financial statement reporting, on the other hand, is defined by the Financial Accounting Standards Board as the reporting of an entity that is organized with a parent company and subsidiaries. While public firms must disclose financials in accordance with the Financial Accounting Standards Board's Generally Accepted Accounting Principles, private entities have very few reporting responsibilities (GAAP). When a corporation reports on a global scale, it must also adhere to the International Financial Reporting Standards set out by the International Accounting Standards Board (IFRS).
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*Regulations, government policies, and requirements in host countries have a major effect on the operations of foreign companies. Which of the following does NOT reflect a typical regulation?
1.Providing low-interest loans to foreign companies
2.Implementing rules and policies that protect and prefer local companies over foreign firms
3.Placing restrictions on imports to support domestic production
4.Establishing local content requirement on goods sold inside their borders by foreign companies
5.Imposing tariffs on imported goods
4. Establishing local content requirements on goods sold inside their borders by foreign companies does NOT reflect a typical regulation.
Items are gadgets that fulfill human desires and offer utility, for example, to a consumer making a purchase of a satisfying product. A commonplace distinction is made between goods which are transferable, and services, which aren't transferable.
Goods are tangible gadgets sold to clients, at the same time as offerings are duties carried out for the gain of the recipients. Examples of goods are cars, home equipment, and garb.
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Refer to the information in Exercise 7-7 to complete the following requirements.
On February 1 of the next period, the company determined that $6,800 in customer accounts was uncollectible; specifically, $900 for Oakley Co. and $5,900 for Brookes Co. Prepare the journal entry to write off those two accounts.
The organization prepares each separate customer account on behalf of the customers' accounts receivable. Stock sales, purchases, or returns are recorded in this account.
Oakley Co. and Brookers Co. to write off accounts, the organization must settle their settlement with their respective bad debt amounts as described below.
Journal Entry
Date - Details - Debit - Credit
February 1 - Allowance for Doubtful Accounts $6,800
Accounts Receivable - Oakley Co. - $900
Accounts Receivable - Brookes Co. - $5,900 in February
(to suspicious account ) in the following period, the company realized that $6,800 in customer accounts could not be collected; specifically, $900 to Oakley Co. and $5,900 to Brookes Co.
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