Because very young children in poor areas of the world will be making clothes for the company to improve their profit whilst the children making them get paid close to nothing
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
The machine will be recorded at 38,500
Explanation:
First we work the old machine numbers
<u>traded-out </u>
purchased 30,000
depreciation (22,500)
book value 7, 500
fair value 5,500 (A)
loss on disposal 2, 000 (diference between book value and fair value)
(A) the invoice has a cost 38,500 we paid 33,000 cash so the value of the old machine on this trasaction was 5,500
The transaction has commercial substance so we recognize the new machine at his fair value and recognize the loss on dispossal
<u>This would be the journal entry :</u>
machine 38,500 the machine enter the accounting at fair value
acc dep 22,500
loss on disposal 2,000 we recognize the loss on disposal
machine 30,000
cash 33,000
Answer:
4) A global brand uses the same product formulation or service concept across multiple countries and cultures.
Explanation:
We use the term global brands to refer to brands that are sold almost everywhere and the companies that sell them use the same or similar marketing strategies in all the countries that they operate in. And the products themselves are very similar or identical in all the countries. E.g. Coca Cola is the most global multinational corporation and its brands are sold virtually in all the world (except for Cuba and North Korea), but Coke is basically the same product everywhere and the name only changes due to language differences.
