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dezoksy [38]
2 years ago
5

Power distance refers to the extent of the gap between

Business
1 answer:
iogann1982 [59]2 years ago
4 0

Answer:

Option "D" is the correct answer to the following question.

Explanation:

Power distance is a type of inter-boundary that is found in different individuals within the same society. Power distance is not found to be appropriately distributed in the society, it is usually the thinking of lower ranks.

The more complexities in a culture, the more the difference between individuals will increase.  

But in the modern era, people from different cultures are working together, due to which people of lower rank are also encouraged to move forward.

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Peck corporation, a foreign subsidiary was acquired by a U.S. corporation on January 1, 2020. Determine the exchange rate used t
taurus [48]

Answer:

Land, Equipment, and Inventory will be restated on the closing date i.e. December 31, 2020. The rate of the currency exchange from local to foreign currency for equipment is on the day of purchase which is February 1, 2020.

Explanation:

1-Balance sheet items are restated on the closing date.

2-P & L items are restated on the transaction date.

As the items Land, Equipment and Inventory are all the balance sheet items, thus they will be stated on the closing date i.e. December 31, 2020.

Furthermore, the functional currency is foreign currency. Since the equipment is purchased in the domestic currency it has to be translated into the foreign currency at the rate as on the date of purchase i.e; February 1, 2020.

3 0
3 years ago
During the period, Sanchez Company sold some excess equipment at a loss. The following information was collected from the compan
juin [17]

Answer:

1) For the equipment that was sold, determine its original cost, its accumulated depreciation, and the cash received from the sale.

  • original cost = $9,800
  • accumulated depreciation = $1,020
  • cash received = $5,980

2) Sanchez Company uses the indirect method for the Operating Activities section of the cash flow statement. What amount related to the sale would be added or subtracted in the computation of Net Cash Flows from Operating Activities?

  • the loss on sale of equipment ($2,800) should be added to the cash flows from operating activities.

3) What amount related to the sale would be added or subtracted in the computation of Net Cash Flows from Investing Activities?

  • the cash received ($5,980) should be added to the cash flow from investing activities

Explanation:

equipment cost = beginning equipment - ending equipment = $20,000 - $10,200 = $9,800

equipment's accumulated depreciation = beginning accumulated depreciation + depreciation expense - ending depreciation = $1,950 + $860 - $1,790 = $1,020

book value = $9,800 - $1,020 = $8,780

cash received = book value - loss = $8,780 - $2,800 = $5,980

3 0
3 years ago
Using the expanded accounting equation, solve for the missing amount
AveGali [126]

Answer:

The expanding accounting equation is:

Assets = Liabilities + Stockholders Equity

                                 [Common Stock + Retained Earnings]

                                                               (Revenues - Expenses - Dividends)

Now, we replace the amounts in the formula

$84,325 = $2,560 + X

                              [  X  + R ]

                             ($54,780 - $28,125 - $13,450)

$84,325 = $2,560 + X

                              [  X  + R ]

                             ($54,780 - $28,125 - $13,450)

$84,325 = $2,560 + X

                              [  X  + $13,205 ]

$84,325 = $2,560 + X

                               [  68,560  + $13,205 ]

$84,325 = $2,560 + $81,765

Both sides are now equal to $84,325

Thus, Common Stock = $68,560

                             

                           

6 0
3 years ago
Steve’s Outdoor Company purchased a new delivery van on January 1 for $47,000 plus $4,000 in sales tax. The company paid $13,000
cupoosta [38]
Sorry idk the answers i’m just trying to ask my questions... sorry
3 0
3 years ago
Suppose that you are an economic-policy advisor. Environmental groups are pressuring you to implement the highest-possible carbo
liraira [26]

Answer: a tax equal to the external cost.

Explanation:

The most efficient taxes are those that will be equal to the external cost of production that a company is imposing on the environment. This means in effect that a company is paying for the pollution it is inflicting on the environment.

Companies polluting less would pay less and those polluting more would pay more. This is the logic of a tax equal to the external cost.

3 0
2 years ago
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