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3 years ago

An american retail chain started doing business in india by forming a _____ with one of india’s leading business groups.

1 answer:

riadik2000 [5.3K]3 years ago

7 0

An american retail chain started doing business in india by forming a "joint venture" with one of india’s leading business groups.

A Joint Venture (JV) is a helpful endeavor went into by at least two business elements with the end goal of a particular task or different business movement. The purpose behind a joint endeavor is typically some particular task.

Joint ventures can be casual (a handshake) or formal, and they can be here and now or long haul. Regularly the joint endeavor makes a different business substance, to which the proprietors contribute resources, have value, and concede to how this element might be overseen.

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As a result of a thorough physical inventory, Horace Company determined that it had inventory worth $320,000 at December 31, 201

Alex_Xolod [135]

Answer:

Option (b) is correct.

Explanation:

Correct amount of inventory to be reported:

Amount of inventory as per physical verification = $320,000

Cost of goods under consignment to Herschel Corporation = $47,000

Value of inventory to be reported:

= Amount of inventory as per physical verification + Cost of goods under consignment to Herschel Corporation

= $320,000 + $47,000

= $367,000

3 0

3 years ago

1. Describe an example of a company that manufactures a product. (2-4 sentences. 1.0 points)

OlgaM077 [116]

Pick a product that is currently being sold, and analyze its economic utility,

3 0

3 years ago

Direct materials inventories are kept in pounds for Cat Company, and the total pounds needed for production in the current perio

pychu [463]

Answer:

Purchase= 14,500 pounds

Explanation:

Giving the following information:

the total pounds needed for production in the current period is 14,000. Beginning inventory= 2,000 pounds

Desired ending inventory= 2,500 pounds

To calculate the direct material purchase, we need to use the following formula:

Purchase= direct material for the period + desired ending inventory - beginning inventory

Purchase= 14,000 + 2,500 - 2,000

Purchase= 14,500 pounds

8 0

3 years ago

The annual percentage rate on a credit card determines _______.

adell [148]

The amount of interest you are charged on credit card purchases

5 0

3 years ago

Two firms, A and B, both produce widgets. The price of widgets is $1 each. Firm A has total fixed costs of $500,000 and variable

Dmitry_Shevchenko [17]

Answer:

A) 11

Explanation:

The degree of operating leverage measures change in earning before interest and tax (EBIT) to change in sales.

Solution:

Formula

DOL = Percentage change in EBIT / Percentage change in sales

Percentage Change in EBIT = EBIT(1) / EBIT(2) - 1

Percentage Change in Sales = Sales(1) / Sales(2) - 1

Strong economic Condition

Sales = $1 Price x 1,200,000 units = $1,200,000

Variable Cost (VC) = $0.5 variable cost x 1,200,000 units = $600,000

Fixed cost (FC) = $500,000

EBIT = Sales - VC - FC

EBIT = $1,200,000 - $600,000 - $500,000

EBIT = $100,000

Weak economic Condition

Sales = $1 Price x 1,100,000 units = $1,100,000

Variable Cost (VC) = $0.5 variable cost x 1,100,000 units = $550,000

Fixed cost (FC) = $500,000

EBIT = Sales - VC - FC

EBIT = $1,100,000 - $550,000 - $500,000

EBIT = $50,000

Solving for DOL:

Percentage Change in EBIT = $100,000/50,000 - 1

Percentage Change in EBIT = 100%

Percentage Change in Sales = $1,200,000/1,100,000 - 1

Percentage Change in Sales = 9.09%

Now, using the above mentioned formula we can calculate DOL:

DOL = 100% / 9.09% - 1 = 11x

4 0

3 years ago