<span>C.K. Prahalad was a teacher at the University of Michigan and very influential business thinker.</span><span>
According to C.K. Prahalad, the first stage of globalization is </span>when companies produce goods in one country and export them to other countries.
The second stage is when global businesses establish subsidiaries to handle the exports from their home country and at the third stage global firms set up operations in other countries.
Answer:
D
Explanation:
Direct finance is when a company or individual borrows money directly from the financial market without the aid of a financial intermediary.
Examples include :
- issuing bonds
- issuing shares
Indirect finance is when a company or individual borrows money through a financial intermediary. for example, borrowing from a bank
Answer:
After tax Return is $3.50
After tax rate of return is 7.00%
Explanation:
Purchase Price = $50
Price at the end of the year = $50
Dividend Received =$5
Return on share = Dividend + Gain on share price
Return on share = $5 + ( $50 - $50 )
Return on share = $5 + $0
Return on share = $5
After tax return = $5 x ( 1 - 0.3 ) = $5 x 0.7 = $3.5
Rate of return on share = ( Total return / purchase price ) x 100
Rate of return on share = ( $3.5 / $50 ) x 100
Rate of return on share = 7%
Answer:
$45.027 million
Explanation:
The accounting equation shows the relationship between the various elements of the balance sheet. These are the assets, liabilities and equity. It is given as
Assets = Liabilities + Equity
The owner's equity is made up of the common stock and retained earnings (which is the net income less dividend paid over the period).
Equity = $125.989 million - $77.152 million
= $48.837 million
Retained earnings = Equity - Common stock
= $48.837 million - $3.810 million
= $45.027 million
Digby Corporation's retained earnings is $45.027 million
