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3 years ago

How are we affected by international business?

1 answer:

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Globalization of business has affected man in many ways.
In term of communication, businesses has to learn and abide by the culture of the places where their companies are located. They have to learn and abide by the political and legal regulations that are operating in the place. Cross - cultural communication challenge has to be overcome with sensitivity and openness.

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Current increases in the price of gasoline are expected to persist indefinitely. Based only on this information, the long minus

zysi [14]

Answer:

A. relatively inelastic comma as compared to the short minus run demand

Explanation:

Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.

In the short run, an increase in gasoline prices may be unwelcome by consumers who may stop buying gasoline, meaning that in the short run the demand for gasoline tends to be elastic. However, over time consumers have realized that the price hike has not been temporary and that the new price is indeed a reality. Since gasoline is a commodity of great need for car owners, the tendency is for consumers to adapt to the new price in the long run, making demand more inelastic.

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3 years ago

In 2011, none of Jarrod’s friends owned a North Face jacket and Jarrod did not have a strong preference for North Face jackets.

kotykmax [81]

Answer:

bandwagon

Explanation:

Bandwagon effect -

It is the psychological method by which people tries to copy or do the same work , just by looking other people doing the same , regardless of their own thinking , behaviours and beliefs , is known as bandwagon effect .

It is also known as herd mentality , which simply means , copying things of that other people are doing , this phenomena is observed during the bull markets .

Hence , from the given example in the question , the correct term is bandwagon effect .

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3 years ago

Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of

IrinaK [193]

Answer:

Ravenna Company reports a Net Decrease in Cash and Cash Equivalents of $ 26,500 in Statement of Cash flows.

Explanation:

Ravenna Company

Statement of Cash flows

Net Profit $6,000

Adjustment of Non Cash Expenses

Depreciation $20,500

Gain on Sale of Equipment $(1,500)

Working Capital Changes

Increase in Inventory $(12,000)

Decrease in Accounts Receivables $8,000

Decrease in Accounts Payables $(62,000)

Net cash from operating activities $(41,000)

Cash flows from Investing Activities

Proceeds from sale of equipment $7,500

Purchase of Equipment $(28,000)

Net cash from investing activities $(20,500)

Cashflow from Financing Activities

Proceeds from issue of shares $25,000

Proceeds from issue of Notes Payables $25,000

Dividends paid $(15,000)

Net cash from Financing Activities $35,000

Net decrease in cash and cash equivalents $(26,500)

Opening cash and cash equivalents $156,500

Closing cash and cash equivalents $130,000

Please note that:

figures in brackets represent negative figures
complete solution is attached in excel file
Operating Activities section of Statement of Cashflow begins by ''Net Profit before Taxes''. However, the question data does not provide any information on the amount of Tax charged during the year, so, 'Net Profit for the year' is used instead.

Download xlsx

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4 years ago

Read 2 more answers

The Wod Chemical Company produces a chemical compound that is used as a lawn fertilizer. The compound can be produced at a rate

stiks02 [169]

Answer:

A. What is the optimal size of the production run for this particular compound?

first we have to determine the holding cost per unit = h = (22% + 012%) x ($3.5) = $1.19 per unit, per year

then we have to calculate the modified holding cost per year = h' = h x [1 / (D/P)] = $1.19 x [1 / (600,000/2,500,000)] = $0.9044 per unit, per year

now we have to substitute h for h' in the EOQ formula:

Q' = √ [(2 x S x D) / h'] = √ [(2 x $1,500 x 600,000) / $0.9044] = 44,612.44 ≈ 44,612 units

B. What proportion of each production cycle consists of uptime and what proportion consists of downtime?

Time between production runs = Q' / D = 44,612 / 600,000 = 0.07435333

Uptime = Q' / P = 44,612 / 2,500,000 = 0.0178448

Downtime = total time - uptime = 0.07435333 - 0.0178448 = 0.05650853

uptime = 0.0178448 / 0.07435333 = 24% of total time

downtime = 0.05650853 / 0.07435333 = 76% of total time

C. What is the average annual cost of holding and setup attributed to this item? If the compound sells for $3.90 per pound, what is the annual profit the company is realizing from this item?

average annual holding cost and setup costs = (AD/Q') + (h'Q'/2) = [($1,500 x 600,000) / 44,612] + [($0.9044 x 44,612) / 2] = $40,144

profit per unit = $3.90 - $3.50 = $0.40 per pound

total annual profit = ($0.40 x 600,000) - $40,144 = $199,856

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3 years ago

Keeping your _____and _____in mind will dictate what you say and how you say it.

77julia77 [94]

What they said was correct!! i don’t think there is a need for me to repeat

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3 years ago