Answer:
Collectivist values are represented in the social framework of which of the following countries?
C. Brazil
Explanation:
There are different values in the social framework that different countries utilized in the development of various economic models, namely; individualistic and collectivist values. They are further explained below;
1. Collectivist value
These are values that promote group effort and work to achieve certain social and economic goals. The groups can be family groups or even work groups. A major aspect of collectivist is that they disregard personal achievement and desires. Collectivist values discourages competition and encourages empathy for other people. Collectivist value however,has it's disadvantages like; a lack of competition produces doesn't bring quality in terms of production and leadership skills. Examples of countries that have collectivist culture are; China, Korea, Japan, and Brazil. Brazil is a deeply collectivist culture since they expect loyalty between family members and groups.
2. Individualistic value
These are values that encourage personal effort, desires and achievements above group efforts. Individualistic values have the disadvantage of causing high competition that can at times lead to aggression and war, however, these value also have there advantages since most people are more independent and self-sufficient. Examples of countries that have individualistic values are; United States, Australia, and Great Britain.
A mission statement defines the company vision and objectives.
A vision statement focuses more on the future goals and is usually longer than a mission statement because it covers things company purpose, goals, how it will be achieved, etc.
Answer:
$2,400,000 and $344,000
Explanation:
Given the above information,
the corrected amount for total assets at the end of the year would still remain $2,400,000. Reason being that the overstatement of inventory has no effect whatsoever on the asset of the company.
Also, the corrected net income for the year would be ;
= Net income for the year + Over stated inventory
= $320,000 + $24,000
= $344,000
Therefore,
The corrected amount for total assets and net income for the year are $2,400,000 and $344,000 respectively
Answer:
B) $3,000
Explanation:
Since this is defined as a derivative operation, its result must be reported either as a gain or loss as part of normal income. Imp entered a contract to buy 100,000 euros at $0.90. If the exchange rate remained at $0.90 in 90 days, no gain or loss should be recognized.
But the currency exchange increased to $0.93 per euro, so the contract now results in a $0.03 gain per euro (= $0.93 - $0.90), so a gain of $0.03 x 100,000 = $3,000 must be reported.
Answer:Deductibles. Non Deductibles.
Property tax 4500 Repairs 1200
Mortgage Int 8000. Utilities 2700
Explanation:Deductibles are statutory bills and must at all cost be paid while Non Deductibles are self servicing bills and are not compulsory bills.You can choose not to repair your gadget's or automobile but you cannot ignore forfeit paying your taxes and government bills.
