Answer:
International business is the correct answer.
Explanation:
- International business includes all economic activities that take place for the movement of resources, services, goods, people, thoughts, and technologies across national borders.
- International business is important because International exchange makes the business more successful and to increase the market of its country.
- The benefits of international business are: It Increase the Organization's reputation and expand the Company Markets.
Answer:
December 31
- Dr Equity Investments account (Blue Mission) 34,000
-
Cr Revenue from Investments account 34,000
Explanation:
Since Base owns 34% of Blue, they should record 34% of Blue's net income = $100,000 x 34% = $34,000
December 31
Dr Equity Investments account (Blue Mission) 34,000
Cr Revenue from Investments account 34,000
Equity investments account is an asset account and it increases, therefore it should be debited.
Revenue from investments is a revenue account and all revenue is credited.
Answer:
COGS= $122,000
Explanation:
Giving the following information:
Beginning finished goods inventory $48,000
Cost of goods manufactured $117,000
Ending finished goods inventory $43,000
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 48,000 + 117,000 - 43,000
COGS= $122,000
Answer: D) buyers would scramble to get all available widgets.
Explanation:
The law of demand states that more quantity is demanded at a lower price, therefore if producers move prices from P3 to P1 there would be an increase in quantity of widgets demanded. Buyers would scramble to get all available widgets wich will create a shortage in the market
