Answer:
D) is a contra account to Bonds payable
Explanation:
Discount on Bond payable arises as a result of a bond issued at a price below its face value, or maturity value. A Bond considered risky or a bond whose interest rate is below market value is usually issued at a discount.
A discount on Bond payable account is a contra account to Bond payable .It is used to decrease the bond value by accounting for the discount on the Bond. The account represents the difference between the maturity value of the Bond and the cash received. The discount amount is debited to this account. It is then amortized to bond interest expense account until the Bond matures.
Answer:
c) Bob has a comparative advantage over Don in the production of pens
Explanation:
Comparative advantage is an economic term that refers to the ability of an individual, a company or a country to produce goods or services at a lower opportunity cost than others. Comparative advantage enables a party to sell its products cheaper than others.
In this scenario, Bob produces 15 pens in an hour in comparison to Don, who produces only 10. It means Bob uses a low cost of labor per pen in comparison to Don. Bob's production capacity of 15 pens also means a higher efficiency rate compared to Don. If a cost estimate were to be done, Bobs' pens would be more competitive in the market than Dons'.
Answer: (a) $295 million
(b) $326 million
Explanation:
Given that,
Sales = $900 million during 2016
Cash = $871 million
Cost of goods sold = $280 million
Expenses for the year totaled = $325 million
Paid for Inventory = $375 million
Paid for everything else = $285 million
Beginning cash = $115 million
(a) Net Income = Sales - Cost of goods sold - Expenses for the year totaled
= $900 - $280 - $325
= $295 million
(b) Carter's cash balance at the end of 2016:
= Cash + Beginning cash - Paid for Inventory - Paid for everything else
= $871 + $115 - $375 - $285
= $326 million
Answer:
Language differences that make communication challenging among employees and managers.
Cultural diversity that affects the code of conduct of business.
Explanation:
Multinational firms are firms that operates and transact business activities outside their country of incorporation.
Despite the advantages of an extended reach and flexibility in operation , it also faces some challenges.
Language differences as different ethnics and culture are involved ,brings a challenge in communication between employees and manager. Citizen of a francophone nation will struggle to communicate with another from an anglophone country.
Another challenge as mentioned in the question is that the code of conduct could be also be affected due to cultural diversity.