Answer:
<u>Globalize</u>
Explanation:
Globalization in simple terms refers to integration of domestic economy with the world economy. It lays emphasis upon removing trade barriers and making the world one big market.
The concept of Globalization gave rise to the emergence of multi national corporations operating multiple businesses in different countries.
As companies go global, the intensity of competition increases as it's no longer restricted within domestic boundaries. Such international competition induces companies to come up with new innovations and methods so as to survive globally. This enhances the efficiency.
Thus, this serves as one of the motives for the companies to Globalize.
Answer:
The answer is:
Dr Unearned rental revenue $15,000
Cr Rental Revenue $15,000
Explanation:
According to the revenue recognition principle, Videobusters should only recognize revenue when it has substantially completed the earnings process. So the $20,000 it received from selling rental coupons should be credited to Unearned rental revenue. But after $15,000 worth of coupons were actually used to rent videos, then they should change $15,000 to earned revenue. They should do this by debiting Unearned rental revenue and crediting rental revenue.
Answer:
the value of attending the class he decided to miss
Explanation:
Opportunity cost is defined as the forgone alternative an individual has missed as a result of taking an action.
In economics both the actual cost of an activity and the opportunity cost are considered when analysing economic activity.
In the given scenario Tim decided to skip class so he can get more rest. This is the actual activity chosen.
However the value of the class missed is the forgone alternative. So this is the opportunity cost
Answer:
option (B) 7.94%
Explanation:
Given:
Principal for Note A = $128,000
Timer period for note A = 5/31/2021 to 12/31/2021 = 7 months = 
years
Principal for Note B = $215,000
Timer period for note B = 7/1/2021 to 12/31/2021 = 6 months = 
years
Interest rate for Note B = 9%
Therefore,
Total interest for Note B = Principal × Interest rate × Time period
= $215,000 × 0.09 ×
= $9,675
Thus interest on Note A = Total interest - Interest on Note B
= $15,600 - $9,675
= $5,925
Also,
Total interest for Note A = Principal × Interest rate × Time period
$5,925 = $128,000 × Interest rate ×
Interest rate = 0.07935 ≈ 0.0794
or
= 0.0794 × 100% = 7.94%
Hence,
The answer is option (B) 7.94%
