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3 years ago

Define accounting?Explain the accounting concepts which guide the accountant at the recording stage?

1 answer:

6 0

The term accounting refers to the recording of a lot of financial transactions. Information are to be stored, sorted, retrieved, summarized, presented, in the forms of reports. Nowadays, recording in the process of accounting is made easy due to the existence of technology.

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_____ means the legal obligation of sellers to pay damages to individuals who are injured by defective or unsafe products.

iragen [17]

Product Liability Law is the legal obligation of sellers to pay damages to individuals who are injured by defective or unsafe products.

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3 years ago

Waterway Co. purchased land as a factory site for $536,000. The process of tearing down two old buildings on the site and constr

geniusboy [140]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

Download xlsx

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3 years ago

On January 1, 2021, Cori Ander Herbs granted restricted stock units (RSUs) representing 300,000 of its $1 par common shares to e

Anna [14]

Answer: $1,288,000

Explanation:

The amount should the company record as compensation expense for the year ended December 31, 2022 will be calculated thus

Number of RSUs = 300,000

Market price of shares = $14

Term of RSUs = 3 years

The compensation expense for year 1 which is 2021 will be:

= [(300,000 × $14) × 1 / 3] - $0

= $1,400,000

The compensation expense for year 2 which is 2022 will be:

= [(288,000 × $14) * 2 / 3] - $1,400,000

= $2,688,000 - $1,400,000

= $1,288,000

Therefore, the amount should the company record as compensation expense for the year ended December 31, 2022 will be $1,288,000

Note that the number of RSUs in 2022 was calculated as:

= 300,000 × (100% - 4%)

= 300,000 × 96%

= 288,000

8 0

3 years ago

A small Canadian firm that has developed some valuable new medical products using its unique biotechnology know-how is trying to

den301095 [7]

Answer:

Part a. Manufacturing the goods at home and let overseas sales managers handle the marketing.

Advantages

Can have a full authority in production activities.
It is easy to set up a strategy and multiply the manufacturing.
Having better regulator over human resources.
The foreign sales agents will enhanced the understanding of European marketplaces.
It lower the exit costs if product fails.

Disadvantages

Having lack of information in European pharmaceutical procedures.
The foreign agents may damage the brand name if not prudently handled.
Additional costs in delivery of the products.

Part b. Manufacture the products at home and set up a wholly owned subsidiary in Europe to handle marketing.

Advantages

Having full control in manufacturing activities.
It is easy to set up a strategy and multiply the manufacturing.
Having better regulator over human resources.
The brand name will not be damaged since the marketing is controlled by the same company

Disadvantages

Utilization of extra resources to be consumed on marketing
Having lack of information in European pharmaceutical procedures.
Additional costs in delivery of the products
Having lack of information in European pharmaceutical procedures

Part c. Enter into a strategic alliance with a large European pharmaceutical firm. The product would be manufactured in Europe by the 50/50 joint venture and marketed by the European firm

Advantages

The risk is distributed among the firms.
No additional delivery cost included.
Knowledge of European organization will be valuable in
understanding guidelines and advertising in European markets.

Disadvantages

Having less control in manufacturing activities
Shared of the profit among the partners.
Moderate level of exit cost is included.
Additional firm may harm the brand image.

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3 years ago

The team leadership model puts who or what in the driver's seat of team effectiveness

just olya [345]

Team leadership model is a tool that is used to choose an effective leader in a way that he or she could be efficient in every way that he or she encountered. Most people use this tool because it contains factors and standards of an effective leader must have

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3 years ago