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3 years ago

At the most general level, the _____ represents the most important and comprehensive trade agreement in history.

1 answer:

6 0

At the most general level, the WTO represents the most important and comprehensive trade agreement in history
The World Trade Organization structured a set of rules that needed to be followed for two or more countries to conduct an international trade, which expand the market potential for all countries in the world.

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Dern Company recently sold a large order of tables to Knoll Furniture Store. Terms of the sale require Knoll to sign a nonintere

denis-greek [22]

Answer:

the journal entry made by Dern to record the sales should be:

Date, merchandise sold to Knoll Furniture Store

Dr Notes receivable 21,000

Cr Sales revenue 16,215.85

Cr Discount on notes receivable 4,784.15

the journal entry made by Knoll to record the purchase should be:

Date, merchandise purchased from Dern Company

Dr Merchandise inventory 16,215.85

Dr Discount on notes payable 4,784.15

Cr Notes payable 21,000

Explanation:

Non-interest-bearing notes must be recorded at present value, therefore, we must first determine the present value of the note = $21,000 / (1 + 9%)³ = $16,215.85

the present value of the notes receivable is equivalent to sales revenue, while the difference between the face value of the note and its present value is equal to the discount on notes receivable.

6 0

3 years ago

The approach of a firm using a "think global, act local" version of a global strategy entails:

nignag [31]

Answer:

The correct answer is letter "C": pursuing the same basic competitive strategy theme (low cost, differentiation, best cost, focused) in all countries where the firm does business but giving local managers some latitude to adjust product attributes to better satisfy local buyers and to adjust production, distribution, and marketing to be responsive to local market conditions.

Explanation:

"Think global, act local" is an approach by which firms spread their activities around the world with a standardized product or service. However, different regions imply having different consumers. Then, units in different countries have relative autonomy to adjust the product or service being offered to meer consumers' preferences, expectations, and needs to boost sales, thus, increase profits.

8 0

4 years ago

Solve for the unknown number of years in each of the following (Enter rounded answers as directed, but do not use rounded number

marishachu [46]

Answer:

a) 7.627144987

b) 5.605222315

c) 20.04031392

d) 10.17644951

Explanation:

We need to solve for years starting from the future value of a lump sum formula:

$PV(1+r)^n=FV\\$

We use logarithmics properties and solve:

$(1+r)^n=FV/PV\\\\log_{1+r}(FV/PV) = n\\\\n = \frac{log FV/PV}{log (1+r)}$

log(1655/800)/log1.1 = n

7.627144987

log(4250/2491)/log1.08 = n

5.605222315

log(392620/33905)/log1.13 = n

20.04031392

log(214844/33600)/log1.20 = n

10.17644951

5 0

3 years ago

Which of the following practices would indicate that an employer is trying to overcome a moral-hazard problem with his employees

dsp73

Answer:b) the employer pays his employees year end bonus according to how the business does and his observation of the employees efforts

Explanation: The best payment system to overcome moral- hazard problem by employers is to pay by piece rates.

Piece rates or payment by result system is a payment system where employees are paid in proportion to the efforts and the overall business performance. With this system both employees and employers will be satisfied with the outcomes and will in turn prevent any suspicions from the employees since the system is clearly understood by both parties and a mutual relationship we be created.

4 0

4 years ago

Victor Rumsfeld Inc.'s dividend policy is under review by its board. Its projected capital budget is $2,000,000, its target capi

Tanzania [10]

Answer:

The residual dividend is -$200,000, therefore If the company follows a residual dividend policy the total dividends will be $0

Explanation:

In order to calculate the total dividends, if any, will it pay out, we would have to calculate first the residual dividend a follows:

residual dividend=forecasted net income-(percentage equity*capital budget)

According to the given data we have the following:

forecasted net income=$600,000

percentage equity=40%

capital budget=$2,000,000

Therefore, residual dividend=$600,000-(40%*$2,000,000)

residual dividend=-$200,000

The residual dividend is -$200,000, therefore If the company follows a residual dividend policy the total dividends will be $0

8 0

4 years ago