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Reika [66]
3 years ago
14

.Many of the same environmental factors, such as cultural factors, that operate in the domestic market also exist internationall

y. Discuss the key cultural factors Starbucks had to consider as it expanded into China.
Business
1 answer:
Katen [24]3 years ago
5 0

Answer:

There are three main cultural factors that influece the consumer's behavior when it comes to the decision making process and those are: the culture, the subculture and the social class. Below is explained briefly the importance of them.

Explanation:

To begin with, the most important cultural factor<em> </em>that tend to influence in the particular society and more specifically in the consumers is the <u>culture</u> itself. The culture of the country will show very positive or negative influences regarding the purchase of the product when it comes to the buyers' decision's process and therefore that in this case presented Starbucks will have to consider the culture of the whole country as well as the <em>social class</em> and the <em>subculture</em> of every region in particular where they planned to establish. The culture will favour or not the purchase of the product if the people are great consumers of coffe or other related products and the social class will influence regarding how much will it cost to buy a coffe or two and where the locations will be, in the neighboorhoods or in the major cities, etc.

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On January 1, 2016, Aspen Company acquired 80 percent of Birch Company's voting stock for $364,000. Birch reported a $320,000 bo
alexdok [17]

Answer:

A.$440,432

B.$354,400

C.$24,036

D.2017 Realized income - Birch $78,840

2018 Realized income- Birch $76,880

Explanation:

a) Calculation for December 31, 2017, balance in Aspen's Investment in Birch Company account

Consideration transferred by Aspen $364,000

Add Noncontrolling interest fair value $91,000

Birch’s business fair value $455,000

Less :Book value ($320,000)

Trade name $135,000

Life 30 years

Annual amortization $4,500

($135,000/30)

Consideration transferred for Cedar by Birch $108,000

Add Noncontrolling interest fair value $27,000

Cedar’s business fair value $135,000

Less Book value ($108,000)

Excess to trade name $27,000

Life 30 years

Annual amortization $900

(27,000/30)

Investment in Birch $364,000

Birch's reported income-2016 $44,500

($211,500 - $167,000)

Less Amortization expense $4,500

Accrual-based income $40,000

Aspen’s percentage ownership 80%

Equity accrual-2016 $32,000

(80%×$40,000)

Dividends received 2016 ($6,400)

($32,000-$40,000)

(-$8,000 x 80%)

Birch's reported income-2017 $71,000

($386,000 - $315,000)

Amortization expense -$4,500

Income from Cedar $15,040

[80% x (263,700 -244,000 - 900]

Accrual-based income $81,540

($71,000+$15,040-$4,500)

Aspen’s percentage ownership 80%

Equity accrual-2013 $65,232

(80%×$81,540)

Dividends received from Birch 2017 ($14,400)

($18,000 x 80%)

Investment in Birch Dec 31,2017 $440,432

($364,000+$32,000+$65,232-$6,400-$14,400)

b) Calculation for the consolidated net income for this business combination for 2018

Consolidated $1,754,800

LessConsolidated expenses ($1,395,000)

Less Total amortization expense ( a) ($5,400)

Consolidated net income for 2018 $354,400

c) Calculation for the net income attributable to the noncontrolling interest in 2018

Cedar’s NCI in consolidated net income

Revenues less expenses $30,000

($240,000 - $210,000)

Less Excess amortization ($900)

Accrual-based income $29,100

Noncontrolling interest percentage 20%

Cedar’s NCI in consolidated net income$5,820

(20%×$29,100)

Birch's NCI in consolidated Net income

Revenues less expenses $72,300

($622,300 - $550,000)

Less Excess amortization ($4,500)

Equity in Cedar income $23,280

[(30,000 – 900) × 80%]

Realized2014 income of Birch $91,080

($72,300+$23,280)

Noncontrolling interest percentage 20%

Birch’s NCI in consolidated net income $18,216 (80%×$91,080)

Total NCIshare of 2018 consolidated net income $24,036

($18,216+$5,820)

d) Calculation for the accrual-based net income of Birch in 2017 and 2018, respectively

2017 Realized income of Birch

prior to accounting for unrealized gross profit(a) $81,540

2016 Transfer-gross profit recognized in 2017 $13,500

Less 2017 Transfer-gross profit to be recognized in 2018 ($16,200)

2017 Realized income - Birch $78,840

2018 Realized income of Birch prior to accounting for unrealized gross profit(c) $91,080

2017 Transfer-gross profit recognized in 2018 16200

Less 2018 Transfer-gross profit to be recognized in 2019 ($30,400)

2018 Realized income-Birch $76,880

3 0
3 years ago
On January 10, 2022, Sweet Acacia Industries sold merchandise on account to Tompkins for $8,380, terms n/30. On February 9, Tomp
VARVARA [1.3K]

Answer and Explanation:

The Journal entry is shown below:-

1. Accounts receivable Dr,              $8,380

          To sales revenue                              $8,380

(Being credit sales is recorded)

For recording the credit sales we simply debited the accounts receivable and credited the sales revenue)

2. 7% Notes receivable Account Dr, $8,380

             To Accounts receivable                     $8,380

(Being settlement with the account is recorded)

For recording the settlement with the account  we simply debited the 7% Notes receivable and credited the accounts receivable.)

5 0
3 years ago
Stock Company has 2,000 units in beginning work in process inventory, 20% complete as to conversion costs, 23,000 units transfer
ss7ja [257]

Answer:

B. 26,000, 24,000.

Explanation:

Stock Company

Equivalent units

Particulars                 Units       % of Completion           Equivalent Units

                                                   Mat. Conversion          Mat.  Conversion

Transferred Out      23000         100         100           23000      23000

<u>Ending WIP              3000            100       331/3%       3000        999.9= 1000</u>

<u>Total Equivalent units                                                  26000        24000</u>

<u />

The Equivalent units can be calculated either by adding the units transferred out and ending WIP or by adding beginning WIP and units started.

Equivalent units for materials 26000

and Equivalent units for conversion are: 24000

3 0
4 years ago
How much interest will Pablo receive from his investment?
Arlecino [84]

Explanation:

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5 0
3 years ago
Read 2 more answers
Production Processes Manufacturers use several different production processes to create goods and services. This activity is imp
iragen [17]

Answer:

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A production plant that serves as a point where workers and robotics bring together all of the components that create automobiles. ASSEMBLY PROCESS: manufactured units follow an assembly line.  

Making steel is a process that cannot be easily stopped and restarted. CONTINUOUS PROCESS: the manufacturing process cannot be easily stopped.  

Allen-Bradley builds motor starters. The machines that Allen-Bradley uses can make different types of starters without slowing down the process. FLEXIBLE MANUFACTURING: different models can be manufactured in the same process.

A tractor manufacturer looked at their production techniques and eliminated the activities in production that do not add value to the consumer. LEAN MANUFACTURING: very simple and lean manufacturing process.  

A bicycle company makes 18 models in more than 2 million combinations. The customer chooses the model, size, color, and design. MASS CUSTOMIZATION: high degree of product customization.

8 0
3 years ago
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