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Vlada [557]
3 years ago
6

"what kinds of misunderstanding are likely to arise between an american company and a saudi enterprise, neither of which has exp

erience dealing with the other?"
Business
1 answer:
cestrela7 [59]3 years ago
7 0
On the off chance that an American organization has a solid female nearness at that point there might be troubles because of the limitation puts on ladies in Saudi culture. Additionally, the Saudi predisposition against what they see as modest work could cause issues if an American organization does not comprehend it. Since American organizations have a tendency to advance construct more in light of experience it could cause issues that the Saudi depend more on family and individual associations
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Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year, the company reports th
RUDIKE [14]

Answer:

The income statement, statement of stockholders' equity, and balance sheet for Longhorn Corporation is given below.

<u><em>The income statement</em></u>

Sales Revenue                   $ 67,700

COGS                                 ($ 53,400)

Delivery expenses              ($ 2,600)

Salary expenses                 ($ 5,500)

Net profit                             $ 6,200

<u><em></em></u>

<u><em>Balance Sheet</em></u>

Asset

Cash                                  $ 1,200

Equipment                        $ 29,000

Building                             $ 40,000

Supplies                             $ 3,400

Total Assets                      $ 73,600

Equity

Common Stock                $ 44,000

Retain earning                  $ 24,400

(18,200 + 6,200)

Liability

Account Payable              $ 4,400

Salaries payable                $ 8,00

Total Liabilities                 $ 73,600

<u><em>Statement of Stockholders</em></u>

Opening common Stock           $ 40,000

Addition                                       $  4,000

Closing common Stock              $  44,000

Retain earning Opening            $ 18,200

Net profit                                     $ 6,200

Retain profit Closing                   $ 24,400

Total Equity                                 $ 68,400

4 0
3 years ago
For accounting purposes, postdated checks (checks payable in the future) are considered to be
klio [65]

The postdated checks are considered to be an accounts receivable for accounting purpose.

<h3>What is a postdated checks?</h3>

These are checks that is expected to make a payment to be processed on a specified date in the future.

However, in accounting, the postdated checks are considered to be an accounts receivable by a firm for accounting purpose.

Read more about postdated checks

<em>brainly.com/question/3257002</em>

#SPJ12

6 0
2 years ago
Ravine Corporation purchased 30 percent ownership of Valley Industries for $92,700 on January 1, 20X6, when Valley had capital s
Maslowich

Answer:

The Various answers are clearly explained in the Explanations. Thank you.

Explanation:

First, we calcuate the Net Income of Ravine Corporation Based on the FairValue Method

Year    OPerating Income    UnrealizedGain   Dividend inc.   Net Income

20x6   $140,000                  11,000                    6,000                        $157,000

20x7    80,000                     11,000                   12,000                     $103,000

20x8   220,000                     11,000                  12,000                   $243,000  

20x9   160,000                      11,000                  6,000                        $177,000

Kindly note, thta the dividend income for each year is based on 30% of the Dividend of Valley for that year for instance, Dividend income for 20x6 = 0.3 x $20,000 = $6,000

Next we calculate the Net Income of Ravine Corpoartion Under the Equity Method

Year    OPerating Income  Share ofo Income in Valley  Net Income  

20x6   $140,000                   9,000                                    149 ,000                        

20x7    80,000                    15,000                                    95,000                    

20x8   220,000                    3,000                                    223,000                      

20x9   160,000                  12,000                                     172,0000      

NOte as well that the Share of Income in Valley is 30% of the yearly net income of Valley Industries.                

Question B) Part 1

Ravine Corporation Journal Entries

S/N                                       Description                        Debit        Credit

1                                         Cash                                   12,000

                                        Dividend Revenue                                 12,000

Being the record of dividend received from valley industries

2.                                        Fair Value Adjustment       11,000

                             Unrealized holding gain or loss                       11,000    

Being the rcord of fair value change in value of the investments

Question B) Part 2

S/N                                       Description                        Debit        Credit

1                                         Cash                                   12,000

                                        Investment in Valley                               12,000

Being the record of dividend received from valley industries

2.                                        Investment in Valley      3,000

                             Investment Income                                        3,000  

BBeing the share of income of Ravine in Valley

6 0
3 years ago
QuestionA baseball team is deciding where to celebrate their tournament victory. They decide between two restaurants by voting,
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Answer:

majority rule

Explanation:

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Most job leads are discovered through
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Answer:

A-networking

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