A limited liability company (LLC) will be taxed as a corporation unless it elects to be taxed as a partnership. True False

Why should a manager in an international business care about the political economy of free trade or about the relative merits of

Rudik [331]

Answer:

The answer is explained below

Explanation:

To begin with, the policies that the goverments decide to implement in their countries tend to influece in a huge way the companies decisions and therefore its actions as well. Therefore that as a company manager of an international business he needs to stay very updated about the government policies over the countries where his company works. Moreover, the manager will understand that if there is free trade in a country then there will be no problems for his company to start selling there and obtaining the maximum profits as possible and if there is protectionism then the company will have to deal with the policies that the government implemented there. And that is why that as an international business manager he should really care about the policies of the country's government and if there is free trade of protectionism.

6 0

3 years ago

Use the following information of VPI Co. to prepare a statement of cash flows for the year ended December 31 using the indirect

r-ruslan [8.4K]

Answer:

VPI Co.

Cashflow statement for the year ended December 31

$

Operating activities

Net income 59,000

Add Depreciation 7600

Less gain from sale of machinery (2900)

Increase in Inventory (8,600)

Increase in accounts payable 3,300

Decrease in accounts receivable 6,600

Cash flow from Operating activities 65,000

Investing activities

Cash received from sale of machinery 11,300

Financing activities

Cash paid for dividends (4,600)

Net cashflow 71,700

Cash balance at prior year-end 43,600

Cash balance at current year-end 114,300

Explanation:

The indirect method of cashflow statements starts with the cashflows from the operating activities to Financing and then investing activities.

An increase in an asset other than cash is a decrease in cash and vice versa. An increase in a liability is an increase in cash and vice versa. We add or subtract none cash items like depreciation, gain on asset disposal etc.

7 0

3 years ago

Complete the sentence.

valentina_108 [34]

Answer:

Imagine that you have won $100 in the state lottery. You have a choice between spending the money on shopping now or putting it away in a

savings account for one year. You decide to spend the money now on shopping. Thus, you will lose the interest that you could have earned by

saving the money. The lost interest is the opportunity cost cost of spending money now.

Explanation:

The opportunity cost is the price you pay for not choosing best second alternative when you make a decision. In this case the person has two options:

1. Spending the money

2. Save the money

Once the money is spending the opportunity costs is generated and it is measure by the interest rate lost for not keeping the money in a savings account that will generate an interest rate known as APY Annual Percentage Yield.

5 0

3 years ago

Read 2 more answers

Mark goes to Tony's Lumber Yard to buy some lumber to build a new roof for his cabin. Mark tells Tony, the lumber yard owner, to

musickatia [10]

Answer: Tony has explicitly breached the Implied Warranty of Fitness for a particular purpose.

Explanation: the Implied warranty of fitness for a particular purpose takes effect when a buyer specifically asks a seller for a product that can be used for a particular purpose.

Because Mark (buyer) requested for the exact type of wood that can resist wood decay caused due to the damp environment of his cabin and Tony (seller) sells Mark lumber while assuring him that it's what he is looking for. Tony's assurance to Mark is known as the Implied warranty of fitness for a particular purpose, and since the wood is affected by dampness and caves then Tony has explicitly breached the warranty.

5 0

3 years ago

An elevator operator was a common job four decades ago, but few jobs remain today. The unemployment created by the introduction

Eddi Din [679]

Answer: Structural unemployment

Explanation:

Structural unemployment occurs when the skills needed by the job market are not the skills that unemployed people have.

It usually happens as a result of an improvement in technology because the technology introduced would make the skills that the previous workers had obsolete.

In this scenario, the introduction of more efficient elevators reduced the need for elevator operators so their skills were no longer needed and they became unemployed.

3 0

3 years ago