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3 years ago

Entering foreign markets requires firms to ascertain foremost how they will attain

1 answer:

6 0

The answer is market share. Entering foreign markets will require a certain company or firm to attain their market share because compared to local markets, foreign markets are different and requires strategies and planning—in which, they should do what it takes to attain their market share that is a portion of their market controlled by them.

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On May 7, Keenan Company purchased on account 620 units of raw materials at $21 per unit. During May, raw materials were requisi

a_sh-v [17]

Answer:

Dr Material Inventory $13,020

Cr Trade Payables $13,020

Dr Work In Progress $9,742

Cr Material Inventory $9,742

Explanation:

On 7th May the double entry would be to record the inventory purchases on credit which would increase the inventory by $13,020 (620*21) as under:

Dr Material Inventory $13,020

Cr Trade Payables $13,020

The material sent to production or manufacturing team would be recorded as increase in the work in progress by the value of the material issued which is $9,742 (211*$19 + 273*$21).

Dr Work In Progress $9,742

Cr Material Inventory $9,742

8 0

3 years ago

A company has bonds outstanding with a par value of $100,000. The unamortized premium on these bonds is $2,700. If the company r

Lunna [17]

Answer:e. $3,700 gain.

Explanation:

Par value of Bonds =$100,000

Unamortized premium= $2,700

Carrying/ Book value of bonds= Par value of Bonds +Unamortized premium

= $100,000 + $2,700 =$102,700

Amount at which bonds retired $100,000 x 99% = $99,000

Gain on retirement of bonds =Book value of bonds- Amount at which bonds retired

=$102,700- $99,000 = $3,700

4 0

3 years ago

The actual inventory holding cost incurred by an item depends on how long it actually spends in inventory.

svlad2 [7]

True. The actual inventory holding cost incurred by an item depends on how long it actually spends in inventory. Holding costs are costs that happen when the inventory stays put and does not sell. The costs are calculated into the inventory costs along side of ordering and shortage costs. Holding costs can include the goods being damaged or spoiling due to the length of being held. Since they can be held for 5 days or 100 days (example) the total cost that is held depends on the length the items were held for.

5 0

3 years ago

Which tool does the federal reserve use to control monetary policy through bank borrowing? discount rate money creation open-mar

Alina [70]

The federal reserve use open-market operations tool to control monetary policy through bank borrowing.

<h3>What are open-market operations?</h3>

Open market operations tend to imply the process in which the Fed buys and sells securities of the government in the financial market or to commercial banks.

Therefore, the money supply stabilizes when Fed sells securities that decrease the borrowing capacity of the banks. Similarly, when Fed purchases securities, the banks' borrowing capacity increases which increase the money supply.

Learn more about Federal reserves here:

brainly.com/question/18451428

8 0

2 years ago

Your uncle is about to retire, and he wants to buy an annuity that will provide him with $75,000 of income a year for 20 years,

Nataly_w [17]

Answer:

The annuity will cost him $963,212.95.-

Explanation:

Giving the following information:

Cash flow= $75,000

Interest rate= 0.0525

n= 20

First, we need to calculate the final value. We will use the following formula:

FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}

A= annual cash flow

FV= {75,000*[(1.0525^20) - 1]/0.0525} + {[75,000*(1.0525^20)] - 75,000}

FV= 2,546,491.88 + 133,690.82= $2,680,182.70

Now, the present value:

PV= FV/(1+i)^n

PV= 2,680,182.70/(1.0525^20)

PV= $963,212.95

4 0

3 years ago