1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Evgesh-ka [11]
3 years ago
10

Devonaile inc. is a small-scale apparel manufacturer in florida. devonaile and other similar firms from florida collaborate and

form a separate company in india as none of the participants in this collaboration have active operations in the indian market. the newly created firm primarily manufactures apparel suited to the tastes and preferences of the indian customers. identify the type of foreign market-entry approach depicted in this scenario.
Business
1 answer:
Nonamiya [84]3 years ago
4 0

Answer:

A Consortium

Explanation:

A Consortium refers to a group comprising of two or more companies who work together in order to accomplish a common goal.

The companies pool in resources but are individually responsible only for those obligations, which are specified in the agreement.

Thus, all companies under a consortium operate independently and exercise no control over other group companies.

Consortiums are a common sight in the educational sector wherein, educational institutes pool in resources such as libraries, teachers, etc so to collectively provide wide range of services to the students.

In the given case, Devonaile Inc and other firms have formed a consortium, dealing in apparels, to serve Indian customers.

You might be interested in
What is the present value of $1,400 a year at a discount rate of 8 percent if the first payment is received 7 years from now and
ioda

Answer:

P V = 1669,5

Explanation:

After seven years, future payment will be 9800$ and from there on we will have 23 annual payments more:

P V = 9800/(1+0.08)^23 = 9800/5,87 = 1669,5

8 0
3 years ago
TRUE/FALSE?
horrorfan [7]

Answer:

true, defiantily true

Explanation:

if this helps can i have brainliest when u get the chance...thnx

5 0
2 years ago
Read 2 more answers
A company deposits $2,378 in a bank at the end of every year for 10 years. The company makes no deposits during the subsequent 5
anygoal [31]

Answer:

Final Value= $61,037.04

Explanation:

Giving the following information:

Investment= $2,378 in a bank at the end of every year for 10 years.

The company makes no deposits during the subsequent 5 years.

Interest rate= 10%

First, we need to calculate the first 10 years.

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {2,378*[(1.1^10)-1]} / 0.1

FV= $37,899.20

Now, the 5 years:

FV= PV*(1+i)^n

FV= 37,899.2*(1.1^5)

FV= $61,037.04

7 0
3 years ago
Nidal Company reported inventory in the 2020 year-end balance sheet, using the FIFO method, as $185,000. In 2021, the company de
Ksenya-84 [330]

Answer:

Dr Retained earnings $14,000

Cr Inventory $14,000

Explanation:

There is a need to make adjustment to the inventory . Therefore,

Adjusted inventory

= New method of $171,000 - Old method of $185,000

= $14,000 decrease

It is to be noted that a lower inventory will have high costs associated with goods sold hence reduces profit/net income for the previous year by $14,000.

Also, the net income reports to retained earnings account hence decreases retained earnings.

Having made the above adjustment, we can assume that the average cost method was used for 2020 books.

3 0
3 years ago
Read 2 more answers
Consider the following list of accounts: Cash Retained Earnings Service Revenue Utilities Expense Salaries Expense Accounts Rece
MAVERICK [17]

Answer:

Cash, account receivable, equipment, utilities expenses, salaries expense

Explanation:

Normally, the asset and expense accounts have debit balances while the liabilities, equity, revenue and other income accounts have credit balances.

In the given list of account:

Cash, account receivable, equipment belong to asset accounts, therefore will have normal debit balance.

Utilities expenses, salaries expense belong to expense accounts, therefore will have normal debit balance.

Remaining items in a given list will have normal credit balance.

4 0
3 years ago
Other questions:
  • Today, the loyalty of a knowledge worker to his or her employing firm has __________ compared to his or her loyalty to his or he
    7·1 answer
  • If Good C increases in price by 50 50 % a pound, and this causes the quantity demanded for Good D to increase by 60 % 60% , what
    5·2 answers
  • Asymmetric information in a market transaction occurs when there is unequal knowledge possessed by the multiple choice seller an
    15·1 answer
  • Crane Company purchased land as a factory site for $1300000. Crane paid $110000 to tear down two buildings on the land. Salvage
    15·1 answer
  • PLEASE HELP WILL GIVE BRAINLIEST TO CORRECT ANSWER
    13·2 answers
  • Donna independently owns and operates Punkin's Pies, a small business with about 30 employees. She is happy with the size of her
    10·1 answer
  • Assume the following property and equipment footnote was obtained from the Deere & Company's 2016 10-K. Property and Depreci
    9·1 answer
  • Enerico contributes $100,000 cash in exchange for a 40% interest in the calendar year ABC LLC. This year, ABC generates $80,000
    10·1 answer
  • Which of the following would NOT cause a shift in AD?
    7·1 answer
  • Juan invests a total of $350000 in two accounts. The first account earned a rate of return of 3% (after a year). However, the se
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!