Answer:
December 31, 2021
Debit : Dividends $28,500
Credit : Shareholders for Dividends $28,500
Explanation:
The Dividends declared present a present obligation by the entity to its shareholders.
Answer:
Projects will be run by the functional organization and project managers expedite change control.
Explanation:
A project management office or PMO is a department within an organisation that is tasked with maintaining the standard of project management. They also make sure there is economies of repitition in project execution (ensure success of projects is replicated).
In the given scenario if project managers report to the head of a PMO it means that the project management team is independent of the functional organisation.
So the statement - Projects will be run by the functional organization and project managers expedite change control.
Is false.
Answer:
$90,000
Explanation:
The reason is that the International Accounting standard IAS 3 Inventories says that the asset must be reported at lower of:
Cost &
Net realizable value
Here the cost is $100,000 and NRV is $90,000, which means that the inventory must be reported at $90,000 which is the lower value.
Answer:
a. Culture can be imposed from home country to host country.
Explanation:
Organization Culture are set of values, systems, belief, attitude and behaviour which shows how employees and business owners communicate with outsiders. Organization culture provides direction and influences decisions of management in an organization.
It imperative for global company to have it's own unique culture as they would easily be identified with that behaviour. They must also live by and adjust to the culture of the host community.
An ideal global company must have clear vision, best practises, set of values and people oriented culture inorder to be differentiated and have a lasting organization.
Characteristics of cultures global companies should have;
-It is the duty of global firm to to know the level and importance of various aspects of culture in the foreign market it serves.
-Country operations and management needs to adjust to the cultural environment existing in the countries the global firm serves
-Culture is learned and not inherited.
-It is nearly impossible to change an entire country's culture.
