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In the context of globalization and ethical obligations of mncs, the offshoring of highly technical jobs can also result in the

Flauer [41]

In the context of globalization and ethical obligations of mncs, the offshoring of highly technical jobs can also result in the relocation of some domestic management positions, creating an interesting dynamic in the scope of ethics and corporate responsibility.

<h3>What is globalization?</h3>

The term "globalization" is used to explain how trade and technology have increased connectivity and interdependence around the world. The scope of globalization also includes the resulting changes in the economy and society.

Therefore, in the context of globalization and ethical obligations of mncs, the offshoring of highly technical jobs can also result in the relocation of some domestic management positions, creating an interesting dynamic in the scope of ethics and corporate responsibility.

Learn more about globalization on:

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5 0

1 year ago

Charu Khanna received a Form 1099-B showing the following stock transactions and basis during 2019 Stock Date Purchased Date Sol

AysviL [449]

Answer:

Charu Khanna

The Net capital loss is:

= $2,000.

Explanation:

a) Stock Transactions and Data during 2019:

Stock Date Date Sold Sales Price ($) Cost Basis ($)

Purchased

4,000 shares Green Co. 06/04/07 08/05/19 12,000 3,000

500 shares Gold Co. 02/12/17 09/05/19 54,000 62,000

5,000 shares Blue Co. 02/04/08 10/08/19 18,000 22,000

100 shares Orange Co. 11/15/18 07/12/19 19,000 18,000

Total $103,000 $105,000

Net capital loss:

Long-term capital loss = $3,000

Short-term capital gain = $1,000

Net capital loss = $2,000 ($3,000 - $1,000)

8 0

3 years ago

Explain how accrual accounting differs from cash-basis accounting; apply the revenue and expense recognition principles) During

Nat2105 [25]

Answer:

In the accrual accounting system, revenue is recognized in the books once it is earned. This is when the service or goods has been delivered and acknowledged by the customer. Expenses are recorded in the period incurred under this system of account.

Under cash basis accounting, revenue is only recognized when cash has been received. Expenses are also recognized when cash is paid.

a. Revenue to be reported is $820 million.

Debit Cash $800 million

Debit Accounts receivable $20 million

Credit Revenue $820 million

b. $520 million

c. Using cash basis, Revenue to be reported is $800 million

Debit Cash $800 million

Credit Revenue $800 million

Total expense will be $610, the amount paid.

The accrual basis would record a revenue that is $20 million more than that recognized on the cash basis knowing that the revenue principle requires that revenue be recognized once the goods have been delivered to the customer or the service has been rendered and acknowledged by the customer.

d. The income statement is the financial statement that reports revenue and expenses. while the balance sheet records cash receipt and cash payments.

Explanation:

Cash is an asset recognized in the balance sheet while revenue and expenses are recognized in the statement of profit or loss or income statement. Cash and accrual bases are 2 systems of recognizing transactions in the books. The major difference between them is about cash collection or payments.

5 0

3 years ago

Bob Knox is paid on a piece-rate basis. He is paid 30 cents for each unit he produces. For overtime work, he receives in additio

Tresset [83]

Answer:

Bob Knox will be paid $598.5 for 45 hours worked.

Carson Morris will be paid gross pay $903.1 for 50 hours worked.

Explanation:

Bob Knox is paid on piece-rate basis, which means he will be paid based on the units he produced. To calculate his pay

1,890 units × $0.3 = $567

$567 ÷ 45 hours worked = $12.6 per hour

To calculate his overtime pay we multiply by 0.5 because he is paid one half of regular pay as overtime.

$12.6 per hour × 0.5 = $6.3 per hour

$6.3 per hour × 5 hours overtime = $31.5

$31.5 + $567 = $598.5.

Carson Morris is paid average rate basis for overtime. His pay will be calculated as follows,

( 36 hours × $16.00 per hour) + (14 hours × $17.50 per hour ) = $821 for (36 + 14) 50 hours.

$821 ÷ 50 hours = $16.42 per hour

$16.42 × 0.5 = $8.21 per hour

$8.21 per hour × 10 hours overtime = $82.10

=$82.1 + $821 = $903.1

3 0

4 years ago

World Company expects to operate at 80% of its productive capacity of 61,250 units per month. At this planned level, the company

yaroslaw [1]

Answer:

$2,880 unfavorable

Explanation:

A difference between the actual and estimated (budgeted) quantity of consumption of a product at standard rate

Formula for volume variance

Volume variance = (Actual quantity - budgeted Quantity) x Standard Rate

Budgeted Fixed overhead rate = $47,040 / $29,400 = $1.60 per direct labor hour

Budgeted Variable overhead rate = 355740/29400 = $12.10 per direct labor hour

Standard direct labor hour = ( 29,400 / 49,000) x 46,000 = 27600 direct labor hour

Fixed OH applied = 27,600 hours x $1.6 per direct labor hour = $44,160

Variable OH applied = 27,600 x $12.10 per direct labor hour = $333.960

Total overhead applied = $44,160 + $333,960 = $378,120

Budgeted Overhead = $47,040 + $333,960 = $381,000

Volume variance = Budgeted overhead - Total overhead applied

= 381,000 - $378,120 = $2,880 unfavorable

As actual production used more labor hours than estimated, so the volume variance is unfavorable.

8 0

3 years ago