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2 years ago

This is for the Globalization Trend Quick Check. (Economics B, Lighthouse Connections)

Business

1 answer:

Vladimir [108]2 years ago

8 0

Based on the trends of globalization, the following are true:

C) Globalization is the process of integration among individuals, businesses, and governments.
A) A business increases its production of widgets, and the cost of producing each widget decreases.
A)Small businesses are unable to offer the same variety of products that larger firms are able to produce.
A) There are no forms of government control or intervention.
B) The nation will attempt to stabilize its economy by establishing various monetary and fiscal policies, reducing market volatility and stimulating economic growth.

<h3>What does globalization mean?</h3>

Globalization refers to the tendency of the world to become increasingly integrated across borders.

This means that individuals, businesses and governments, begin to work together more often in order to increase production and market reach.

Find out more on globalization at brainly.com/question/1133228.

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Sheffield Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2021 a

Sphinxa [80]

The journal entry to record the purchase of the raw materials by Sheffield Company is as follows:

Debit Purchases $1,031,600

Credit Accounts Payable $1,031,600

To record the purchase of the raw materials in 2021.

The December adjusting entry can be revised with:

Debit Estimated Liability $53,300

Credit Unrealized holding Loss $53,300

To reverse the December 31 adjusting entry.

<h3>What is an unrealized holding loss?</h3>

In this instance, the unrealized holding loss arose from the fact that the market value of the raw materials is less than the purchase amount because of the noncancelable commitment.

Thus, the unrealized holding loss arose as the difference between the market value and the purchase amount.

<h3>Data Analysis:</h3>

Purchases $1,031,600 Accounts Payable $1,031,600

Estimated Liability $53,300 Unrealized holding Loss $53,300

Thus, the entry to record the purchase is a debit to the purchases account and a credit to accounts payable.

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2 years ago

Green Day Corporation has outstanding 500,000 shares of $10 par value common stock. The corporation declares a 70% stock dividen

adell [148]

Date of Declaration:

Dr: Retained Earnings 22,850,000

Cr: Common Stock Dividend Distributable 350,000

Cr: Paid-in Capital in Excess of Par-Common 22,500,000

500,000*45 = 22,500,000

22,500,000+350,000=22,850,000

Date of Distribution:

(70%*500,000) = 350,000

Dr: Common Stock Dividend Distributable 350,000

Cr: Common Stock 350,000

5 0

3 years ago

Examples of nonprogrammed decisions would include the decision to: a. perform routine maintenance on one of the machines in manu

katrin2010 [14]

Answer:

Correct option is (e)

Explanation:

Programmed decisions are those that are planned decisions for routine situations. These decisions are made based on tried and tested methods or standardized procedures. These decisions are made once when situation arises, and subsequently becomes a procedure when similar situations arise in future. Some examples are dealing with labor absenteeism, terminating an employee or re-ordering supplies.

Non programmed decisions are distinctive. They are not based on any past situation. They are mostly taken by upper management using logic or intuition. They do not arise in normal course of business. One such decision is related to developing new product or service. It is not a routine situation. As, such it is an example of non programmed decision. Rest of the options are examples of programmed decision.

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3 years ago

Real estate property taxes generally range from 1 to 4 percent of the value of the home.

laiz [17]

Answer:

true

Explanation:

it is true about the number of percentage

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3 years ago

Explain the typical relationship between retained earnings and net income/loss, and describe how this information is included in

lbvjy [14]

The typical relationship between retained earnings and net income/loss,tha Retained income represent the part of the net income of our organisation that remains after dividends have been paid on our shareholders.

The profits assertion is finished, the income discern from the time period is transferred to retained income inside the stockholder's fairness segment of the balance sheet. A net loss reduces retained profits; a net advantage will increase retained income.

The budgeting procedure lets an enterprise plan and prepare its budgets for a hard and fast length. It entails reviewing past budgets, identifying and forecasting sales for the coming period, and assigning amounts to spend on a enterprise's various prices.Feb 18, 2021

There are numerous extraordinary strategies to budgeting for businesses however those 4 kinds of budgets are the maximum generally used: incremental budgets, pastime-primarily based budgets, fee proposition budgets, and zero-primarily based budgets

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2 years ago