________ is the risk that the host government will take specific steps that prevent the foreign affiliate from exercising control over the firm's assets.
Expropriation
What is expropriation ?
Expropriation is when a government seizes privately owned property against the owners' will, presumably so that it can be used for the general welfare of the populace. Properties are most frequently taken in the United States in order to construct roads, trains, airports, or other infrastructure projects. Since the Fifth Amendment of the Constitution prohibits the expropriation of private property "for public use without just compensation," the property owner must be compensated for the seizure.
So, Expropriation is the risk that the host government will take specific steps that prevent the foreign affiliate from exercising control over the firm's assets.
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Answer:
Debit Allowance for Doubtful Accounts $2,300; credit Accounts Receivable $2,300
Explanation:
The journal entry is shown below:
Allowance for Doubtful Accounts A/c Dr $2,300
To Accounts Receivable A/c $2,300
(Being the written-off amount is recorded)
Since we have to record this journal entry so we debited the Allowance for Doubtful Accounts A/c and credited the account receivable account so that the correct posting can be done.
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Answer:
1. A company had net sales of $760,200 and cost of goods sold of $547,400. Its net income was $19,340. The company's gross margin ratio equals:______
c. 28.0%.
2. The monetary unit assumption means that all companies doing business in the United States must express transactions and events in US dollars.
A. True
3. Paid-in capital is the total amount of cash and other assets the corporation receives from its stockholders in exchange for its stock.
A. True
Explanation:
Gross profit margin is calculated by dividing the gross profit by the sales and multiplying by 100. In this case, the gross profit is $212,800 ($760,200 - $547,400). The amount, $212,800, then divided by $760,200 and multiplied by 100 to obtain approximately 28%.
The dollar is the monetary unit for all business transactions conducted in the United States. The accounting assumption behind the monetary unit means that all transactions conducted in the United STates are reported in dollars.
