The correct answer to this open question is the following.
Although the question does not provide any options or particular references, we can say that factors that are driving the internationalization of business are the necessity of countries to establish free trade agreements to compete in the international arena, the developing of cultural factors that penetrate to other countries creating similarities and affinities, the openness of countries that in the past followed protectionist trade rules, and the endless possibilities that new communication technologies are creating to stay connected worldwide.
On the other hand, the major challenges to the development of global systems are cultural restrictions in traditional countries that try to preserve their history, culture, customs, and traditions. And the other big factor could be the political stability of the country that maybe does not have the proper political conditions to be attractive to foreign investment.
Some firms have not planned for the development of internationalization systems because their owners still have the traditional approach of only competing in their former country, not taking the calculated risk of looking abroad for the many opportunities that are out there.
Answer:
Non-price competition
Explanation:
Non-price competition is when producers use other factors other than the price of their good or service to raise the demand for their product.
Optimax is trying to increase its market share by changing the container for its product. This is non price competition.
Price war is when producers lower the price of their goods in an attempt to increase the demand for their product.
Price leadership is when the dominant firm in an industry sets the market price.
I hope my answer helps you
Answer:
Klear Manufacturing
At the inception of the sale and leaseback, Klear should debit cash and credit
c. lease liability.
Explanation:
a) Data and Calculations:
Debit Cash $1.4 million Lease Liability $1.4 million
Debit ROU asset $1.4 million Credit Plant $1.2 million Credit Gain from Sale $0.2 million
b) The sale and leaseback creates a right of use asset as well as a lease liability. Therefore, the Cash account is debited for the cash receipts from the transaction and the Lease Liability is credited. Also debited is the right of use asset with corresponding credits to the Asset account and Gain from Sale.
Answer:
The value today = $8,573.36
Explanation:
<em>The value today of the investment would the present value of annuity of 1,100 receivable discounted at the at the rate of 8%.</em>
<em>The PV of the payment would be done as follows:</em>
<em>The number of payments would be 20 installments. Please be mindful not to say 19. Remember the first the payment occurs in year 4 which is inclusive.</em>
PV = A × 1- ( (1+r)^(-n))/r
A- annual payment
r- rate of return
n- number of years
DATA
A- 1,100
r- 8%
n- 20
PV = 1,100 × 1- (1.08)^(-20)/0.08 = 10,799.96
PV (in year 0) = PV in year 3× (1+r)^(-3)
PV (in year 0) =10,799.96 × 1.08^(-3) = 8,573.36
PV (in year 0) = $ 8,573.36
The value today = $8,573.36