Answer: $962000
Explanation:
From the information given, the amount
that McCoy’s Fish House should record as the cost of the land will be:
Purchase price = $900,000
Add: Title insurance = $2000
Add: Back property tax = $8000
Add: Cost incurred to remove building = $45000
Add: Cost incurred to level the land = $10000
Less: Savage value of materials = $3000
Cost of land = $962000
Therefore, the cost of land is $962000
The fulfillment process originates in the sales department and ends in the accounting department.
<h3>What conditions must a sales department meet?</h3>
To link a product or service with potential customers or clients, a sales department must create and implement a protocol that is appropriate to the nature of the product or service. For instance, some goods or services necessitate direct communication between a salesperson and a customer in order to close a deal.
<h3>What function does the department of accounting and finance serve?</h3>
The core of any corporation is its accounting and finance division, which is in charge of maintaining the effective financial management and financial controls required to support all corporate operations.
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Answer:
To gain access to low-cost input of production
Answer:
The methods for conducting global business which petnro has used in the given scenario is :
C) The formation of wholly owned affiliates
Explanation:
In the question it has been mentioned that their is a bike manufacturing firm which is based in u.s. and operates in various other countries under a different name i.e. BikMe.
So, the scenario is like the parent company is receiving all the profits which have been made by all these facilities and also controls different segments of the plants.
Therefore,the methods for conducting global business which petnro has used in the given scenario is :
C) The formation of wholly owned affiliates
Role of global marketing in international business:
A development in the global marketing strategy helps in growing of a business. Marketing globally is the first way to improving your company globally all over the market.
Another benefit is that the customer awareness increases.
Global strategy example : Any company who is delivering the same quality and variety of product is known as the global strategy.
For example: Gucci delivers all its products globally in different countries.
As for example the company here mentioned is also developing its global strategy.
West African countries along with many other developing countries have borrowed large sums of money from the World Bank and International Monetary Fund. These funds have become major lenders for development projects and for developing countries around the world.
