Answer:
utilitarian approach.
Explanation:
The utilitarian approach guages the consequences or benefits of taking a particular action. It considers the benefits to all stakeholders and tires to achieve the greatest good for the greatest number of people.
Cherries on Top have asses that closing the stores in the North-east and Texas will give the business $1 million that can be used for advertising.
So cost of running the stores has gone down and there is $1 million for promotions that will boost the business.
Answer:
a. First set of entries:
Debit: Accounts receivable with $2,000
Credit: Bad debt expenses with $2,000
b. Second set of entries:
Debit: Cash with $2,000
Credit: Account receivables $2,000
Explanation:
These entries will appear as follows in the book Gideon Company on July 10:
Details DR ($) CR ($)
Accounts receivable 2,000
Bad debt expenses 2,000
<em>Being the transfer of the bad debt recovered back to the accounts receivable.</em>
Cash 2,000
Account receivables 2,000
<em>Being the cash income received in respect of bad debt recovered.</em>
When a country can produce a product more cheaply than its trading partners, it is known as: <span>comparative advantage
For example, United States often imported exotic fruits from Brazil. Since Brazil is a tropical country, the cost in producing exotic fruits will be significantly lower compared to growing it in the United States. Therefore, we can say that brazil has a comparative advantage in this product compared to united states.</span>
Answer:
The answer is:
B) In a joint venture, the company shares risks, costs, and management with partners.
Explanation:
Some of the advantages of a joint venture are:
- You can increase your profit at a low cost
- Joint ventures are flexible enterprises
- If you affiliate with a well known brand you can get immediate recognition
- Shared costs, expenses, benefits, risk and management
- You get to share the know how of your affiliate company