Answer:
Solvency
Explanation:
Solvency is defined as the ability of a company to meet it's long term financial obligations like having the ability to pay off debts as they mature. Solvency measures if a company is able to pay off it's debt in long term.
Although solvency and liquidity are similar, difference is liquidity is more concerned with paying off short term debts.
A company or firm is said to be solvent when the current assets exceeds current liabilities.
Answer:
(A) $40,000
Explanation:
At the time of recording of the fixed assets, the fixed assets should be recorded at purchase cost or historical price
Since in the question, the land was purchased at $40,000. Moreover, for the tax purpose, the land is valued at $27,000 and the qualified appraiser appraise the value at $48,000. The cash payment is also offered for $46,000
But at the time of recording or reported, the balance sheet would show at the purchase price i.e $40,000
Answer:
$486,000
Explanation:
According to the scenario, computation of the given data are as follow:-
Budgeted Cash Disbursements for August
Particular Amount ($)
Direct material purchase for July ($210,000 × 30%) 63,000
Direct material purchase for August ($390,000 × 70%) 273,000
Add-wages paid 50,000
Add: Office equipment purchase 62,000
Add: Selling and administrative expenses 38,000
Total 486,000
The depreciation is a non cash expense and the same is not relevant. Hence, ignored it
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.
