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vredina [299]
3 years ago
14

Item 6Item 6 Theodore Levitt advocates for a global culture characterized by standardized tastes and global markets. What is one

factor that disproves his vision
Business
1 answer:
frutty [35]3 years ago
8 0

Answer:

The existence and growth of government trade barriers

Explanation:

Theodore Levitt proposed that with the advent of technology and the mass media, people's tastes would eventually converge leading to the globalization of markets around the world. Even though people from different nations tend to have different tastes, they were united by factors like love, peace, joy, etc. Levitt was encouraging companies to leverage on the mass media as well as technology to form a convergence of these uniting factors.

However, government trade barriers, which are restrictions placed by the government on the importation of goods into another country can serve as a hindrance to the globalization of markets. This would be in opposition to Levitt's proposal of a uniting factor in international trade. Government trade barriers tend to encourage the production of local goods against the importation of goods.

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The account balances and income statement of Winfrey Towing Service on June 30, 2018, follow:
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Answer:

1. WINFREY TOWING SERVICE

Statement of Comprehensive Income

                                           $

Service revenue               10,800

Rent expense                    (550)

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Net income                        <u> 4,350</u>

Statement of Retained Earnings

                                             $

Retained earnings b/f      3,900

Add: Net income               4,350

Retained earnings c/f       8,250

2. Statement of retained earnings report changes in retained earnings of a company in a given accounting year.

Explanation:

In this question, we need to obtain the net income of the company, which  is service revenue minus expenses minus dividend. Then, the statement of retained earnings is prepared by taking cognisance of the retained earnings brought forward and add the net income for the year.

7 0
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Answer:

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Explanation:

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4 years ago
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This scenario illustrates that Horizon has failed to fulfill its <u>"Legal responsibility".</u>


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