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drek231 [11]
3 years ago
13

". Hike and Loiters are two shoe manufacturers. Their products are similar, they are in the same price range, and their consumer

s keep switching between their products. This makes them:"A) strategic allies.
B) competitors.
C) associates.
D) regulators.
E) suppliers.
Business
1 answer:
Lera25 [3.4K]3 years ago
5 0

Answer: B. Competitors

Explanation: Competitors refers to people of different individuals who are in pursuit of a common goal. In business, competition usually occurs among companies who produce or manufacturethe similar products, offer similar services and share the same target market.

In the scenario above, Hike and Loiters produce similar products in shoes, share the same consumers and offer similar incentive and prices. This factors combine to make Hike and Loiters competitors.

You might be interested in
An insurance company knows that the average cost to build a home in a new California subdivision is ​$92 comma 297 and that in a
Marrrta [24]

Answer:

The minimum the company must charge for fire insurance policies in California​ subdivision is $2,252.

Explanation:

We have the chance of a wildfire destroying all the homes in the subdivision is: 1/41 or nearly 2.44%.

The minimum the company must charge for fire insurance and still maintain a positive expected value is calculated as:

The average cost to build a home in the subdivision * the chance of a wildfire destroying all the homes in the subdivision = 92,297 * 2.44% = $2,252.

So, the answer is $2,252.

5 0
3 years ago
When an asset is sold, a gain occurs when the:______.
Serhud [2]

Answer:

a. sale price exceeds the book value of the asset sold.

Explanation:

The gain recognized when the sale price is exceeded than the book value i.e

Gain recognized = Sale price - book value

where

Sale price is the selling price of the asset

And, the book value is the carrying value of the asset

Book value = Acquired value of an asset - accumulated depreciation

Hence, the option a is correct

5 0
3 years ago
On July 1, 1992, York Co. purchased as a held-to-maturity investment $1,000,000 of Park, Inc.'s 8% bonds for $946,000, including
professor190 [17]

Answer:

Park Bonds          1,000,000

Discount on bonds (79,400)

Interest receivable   80,000

Carrying value      1,000,600

Explanation:

Investment on Park Bonds 1,000,000

interest receivable                   40,000

                      cash                           946,000

              discount on Park bonds     94,000

Carring value at December 31th 1992

946,000 x 10% = 94,600 interest revenue

Cash proceeds  1,000,000 x 0.08 = 80,000 interest receivable

Discount on Bonds                             14,600

94,000 - 14,600 = 79,400

94,600    interest revenue

(40,000)  accrued interest

54,600    gains for the period

Park Bonds          1,000,000

Discount on bonds (79,400)

Interest receivable   80,000

Carrying value      1,000,600

5 0
3 years ago
On December 18, 2017, Stephanie Corporation acquired 100 percent of a Swiss company for 4.0 million Swiss francs (CHF), which is
Over [174]

Answer:

a. Translation adjustment = $401,400

b. Remeasurement loss = –$131,400

Explanation:

a. Determine the translation adjustment to be reported on Stephanie’s December 31, 2017, consolidated balance sheet, assuming that the Swiss franc is the Swiss subsidiary’s functional currency. What is the economic relevance of this translation adjustment?

This can determined as follows:

Step 1: Calculation of beginning net asset in

<u>Particular                                         Amount (CHF)    </u>

Cash CHF                                             814,000

Inventory                                             1,314,000

Property, plant & equipment            4,014,000

Notes payable                               <u>  (2,128,000)  </u>

Beginning net asset                      <u>  4,014,000  </u>

Beginning net asset in USD = Beginning net asset in Swiss francs (CHF) * Beginning exchange rate = CHF4.014,000 * $1 = $4,014,000

Step 2: Calculation of ending net asset

Ending net asset in USD = Beginning net asset  in Swiss francs (CHF) * Ending exchange rate = CHF4.014,000 * $1.10 = $4,415,400

Step 3: Calculation translation adjustment

Translation adjustment = Ending net asset in USD - Beginning net asset in USD = $4,415,400 - $4,014,000 = $401,400

<u>Economic relevance of this translation adjustment</u>

The positive translation adjustment implies that the equity of stockholders has increased by $401,000.

We obtained a positive value because the net position of the subsidiary in Switzerland is CHF4,014,000 and there was a Swiss franc appreciation of $0.10 (i.e. $1.10 - $1.00 = $0.10).

The translation adjustment of $401,000 does not however implies that it was made as a dollar cash flow. The only condition that can make to turn to a profit is if this operation is sold at CHF4,014,000 on December 31 and the amount realized as a proceed is changed to dollars at ruling exchange rate of $1.10 to a Swiss franc on December 31, 2017.

b. Determine the remeasurement gain or loss to be reported in Stephanie’s 2017 consolidated net income, assuming that the U.S. dollar is the functional currency. What is the economic relevance of this remeasurement gain or loss?

This can be determined as follows:

Beginning net liabilities in Swiss franc = Cash - Note payable = CHF814,000 - CHF2,128,000 = –CHF1,314,000

Beginning net liabilities in USD = Beginning net liabilities in Swiss franc * Beginning exchange rate = –CHF1,314,000  * $1.00 = –$1,314,000

Ending net liabilities in USD = Beginning net liabilities in Swiss franc * Ending exchange rate = –CHF1,314,000  * $1.10 = –$1,445,400

Remeasurement loss = Ending net liabilities in USD – Beginning net liabilities in USD = [–$1,445,400] – [–$1,314,000] = –$131,400

<u>Economic relevance of this remeasurement gain or loss</u>

There is a negative remeasurement or remeasurement lost because the net monetary liability position of the Swiss subsidiary is CHF 1,314,000. The appreciation of the Swiss franc by $0.10 results in a loss of $131,400] that not is unrealized.

The readjustment loss of $131,400 does not however implies that it was a dollar cash outflow. The only condition that can make it to turn to a loss is if this operation is sold on December 31. This will lead to the realization of a transaction gain of $81,400 [i.e. CHF814,000 x ($1.10 - $1.00)].

Also, the Swiss franc note payable will be paid off by using the US dollar. This will bring about the realization of a truncation loss of $212,800 [i.e. CHF2,128,000 x ($1.10 - $1.00)].

4 0
3 years ago
Andrea lives in southern Mississippi where winters are normally fairly mild. Last January, during an unusually cold spell, the w
lawyer [7]

Answer:

The correct answer is (A)

Explanation:

Unsought Goods are the products or services that the customer does not think about or do not typically consider purchasing, and the attainment of which arises because of threat or the fear. These goods are unwanted by most of the customers until there comes the point where they desperately need it. In this case, Andrea did not think of the problem that could arise due to the cold weather.

8 0
3 years ago
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