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tangare [24]
4 years ago
8

:wifi corporation, a u.s. firm, signs a contract with bueno computadores, ltd., an argentinean firm, for a shipment and payment

for wifi's goods. this is
Business
1 answer:
Zielflug [23.3K]4 years ago
5 0
This is direct exporting. It is a circumstance in which an organization offers its items straightforwardly to clients in another nation without utilizing someone else or association to make courses of action for them, or an item that is sold thusly: The immediate fare of products includes certain methods, which must be clung to.
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Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per un
Bond [772]

Answer and Explanation:

The preparation of the income statement is presented below:

Sales $3,900,000

Less: Cost of goods sold $1,872,000

Gross profit $2,028,000

Less: Operating expenses

Commissions expense $429,000

Rent expense $54,000

Advertising expense $468,000

Office salaries expense $234,000

Depreciation expense $141,000

Interest expense $7,150

Total operating expenses -$1,333,150

Income before taxes $694,850

Less: Income tax expense $208,455

Net income $486,395

Working notes:

1. Commissions expense is  11 % of sales

= 11% × $3,900,000

= $429,000

2. Advertising expense is  12 % of sales

= 12% × $3,900,000

= $468,000

Interest expense is 11 % annually on a $260,000

= 11% × 260000 × 3 months  ÷ 12 months

= $7,150  

Income tax expenses =is

= 30% × $694,850

= $208,455

As we know that the income statement records the expenses and the revenues and the same is shown to determine the net income or net loss for the given period

8 0
3 years ago
Zero-tolerance laws exist in all states prohibiting those under 21 from drinking and driving.
Yuki888 [10]
The answer to your question is False :)
4 0
3 years ago
Read 2 more answers
All of the following are benefits of global business except
fgiga [73]

Answer:

decreased competition

Explanation:

Decreased competition is not a benefit of global business. In fact, smaller competition is a characteristic of economies that are not very integrated to the global economy, because it is easier for a few companies (oligopoly), or a single company (monopoly) to dominate an economic sector in a smaller economies that has barriers to entry to possible foreign competition.

8 0
3 years ago
A sales manager learns of the new specifications for the latest TITAN. How does she know if it is permissible to tell a customer
WARRIOR [948]

Answer:

• If the information has been made public

• If Nissan gives a written permission to discuss the information

Explanation:

From the question, we are informed that a sales manager learns of the new specifications for the latest TITAN. To know if it is permissible to tell a customer about them, she'll have to find out whether the information regarding the titan has been made public and also if Nissan has given a written permission to discuss the information.

8 0
3 years ago
On January 1, 2021, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on Septemb
ELEN [110]

Answer:

The correct answer is $60,000.

Explanation:

According to the scenario, the given data are as follows:

Expenditure for Jan.1 = $334,000

Time period ( Jan.1 - Dec.31 ) = 12 months

So, average expenditure = $334,000

Similarly, Expenditure for Sep.1 = $498,000

Time period ( Sep.1 - Dec.31 ) = 4 months

So, average expenditure = $498,000 × 4÷12 = $166,000

Now, Expenditure for Dec.31 = $498,000

Time period ( Dec.31 - Dec.31 ) = 0 months

So, average expenditure = $498,000 × 0÷ 12 = 0

So, capitalized interest = ( average expenditure Jan.1 + average expenditure Sep.1 + average expenditure Dec.31) × 12%

= ($334,000 + $166,000 + $0) × 12%

= $500,000 × 12%

= $60,000

3 0
4 years ago
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