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3 years ago

Which financial activity helps a company based in another country

Business

1 answer:

Lady_Fox [76]3 years ago

5 0

Answer:

The correct answer is A

Explanation:

The financial activity is that activity which is undertaken by companies in order to accomplish their economic objectives and goals.

FDI (Foreign direct investment), which is an investment that is controlling the ownership or possession of the business in one country by an entity in another country.

Therefore, the FDI is the one activity which will help the company based in another country.

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On January 1, Wei company begins the accounting period with a $35,000 credit balance in Allowance for Doubtful Accounts. On Febr

Genrish500 [490]

Answer:

Wei Company

Journal Entry:

Debit Allowance for Doubtful Accounts $7,800

Credit Accounts Receivable $7,800

To write-off accounts determined to be uncollectible.

Explanation:

a) Data and Calculations:

Allowance for Doubtful Accounts (Balance) = $35,000

Uncollectible accounts:

Oakley Co. $1,400

Brookes Co. $6,400

Total = $7,800

b) The amount of $7,800 considered to be uncollectible is written off against the Accounts Receivable. This reduces the Accounts Receivable while correspondingly increasing the Allowance for Doubtful Accounts.

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3 years ago

Between 1986 and 1998 the De Beers company controlled the world diamond market. De Beers and its affiliated association of produ

Kruka [31]

Answer:

The correct answer is option A.

Explanation:

The association of De Beers and its affiliated producers is a cartel.

A cartel is formed by the producers in an oligopoly market, in order to protect their interests and earn higher profits. Forming a cartel is generally not legal in many countries. Cartels can be formed both formally and informally.

Members of a cartel can fix a higher price to earn more profit.

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3 years ago

Skipping a credit card payment once or twice a year will not hurt my credit

oee [108]

It will hurt your credit on the long run

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3 years ago

Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations a

VARVARA [1.3K]

Answer:

Basic = $140.82

Dominator = $392.216

Explanation:

For Basic:

Total cost for Basic:

= Direct materials costs + Direct labor costs + Manufacturing overhead

= $ 11,000 + $72,000 + $128,232

= $211,232

Per unit cost:

= Total cost for Basic ÷ Number of units produced

= $211,232 ÷ 1,500

= $140.82

For Dominator:

Total cost for Dominator:

= Direct materials costs + Direct labor costs + Manufacturing overhead

= $3,500 + $34,000 + $60,554

= $98,054

Per unit cost:

= Total cost for Basic ÷ Number of units produced

= $98,054 ÷ 250

= $392.216

Workings:

Manufacturing overhead (Basic):

= Manufacturing overhead costs × (Direct labor costs ÷ Total direct labor costs)

= $188,786 × ($72,000 ÷ $106,000)

= $128,232

Manufacturing overhead (Dominator):

= Manufacturing overhead costs × (Direct labor costs ÷ Total direct labor costs)

= $188,786 × ($34,000 ÷ $106,000)

= $60,554

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4 years ago

On July 1, Year 4, Pell Co. purchased Green Corp. 10-year, 8% bonds with a face amount of $500,000 for $420,000. The bonds are c

gayaneshka [121]

Answer:

$21,800

Explanation:

The computation of 4-year revenue is as shown below:-

Bond Income of 4th Year = Face amount × Bond × 1 ÷ 2

= $500,000 × 8% × 1 ÷ 2

= $20,000

Interest Revenue = Bond Income + Amount of Discount Amortized

= $20,000 + $1,800

= $21,800

Therefore for computing the interest revenue we simply bond income with the amount of discount amortized.

6 0

3 years ago