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Andreas93 [3]
3 years ago
15

Lemon N' Honey is a juice manufacturing company in the United States. It exports its products to Australia, licenses to China, h

as a joint ownership venture in France, and owns a subsidiary in Brazil. The firm will most likely need to create a(n) ________ to handle all its worldwide activities.
a. export departmentb. international divisionc. value delivery networkd. domestic divisione. domestic market
Business
1 answer:
Anastasy [175]3 years ago
6 0

Answer:

international division

Explanation:

In a functional organization structure,  a company is divided into small units based on the roles they perform. For example, a company may have marketing, finance, It and human resources division. The divisions may also be referred to as departments.

Divisions allow for more efficiency as employees with shared skills and knowledge are put together to perform familiar tasks. By creating an international division, Lenon N' Honey will be able to assign specialized employees the duty of in managing its foreign business. The international division will focus on ensuring that the overseas operations are achieving their objectives.

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Please help! Show work! Will get brainliest!
Mashcka [7]

if 1500+0.75y+500+g =(g)+(0.75y)+(1500+500) the simplified answer would be

=g+0.75y+2000

6 0
3 years ago
Pincus Associates uses the allowance method to account for bad debts. During 2021, its first year of operations, Pincus provided
Gemiola [76]

Answer:

What journal entry did Pincus record to write off uncollectible accounts during 2021

Dr Allowance for Uncollectible Accounts $ 6,300

Cr Accounts receivable $ 6,300

What journal entry did Pincus record to recognize bad debt expense for 2021?

Dr Bad Debt Expense $ 8,040

Cr Allowance for Uncollectible Accounts $ 8,040

Explanation:

Pincus provided a total of $156,000 of services on account.  

Dr Accounts receivable $ 156,000

Cr Sales $ 156,000

In 2021, the company wrote off uncollectible accounts of $6,300  

Dr Allowance for Uncollectible Accounts $ 6,300

Cr Accounts receivable $ 6,300

By the end of 2021, cash collections on accounts receivable totaled $132,300.  

Dr Cash $ 132,300

Cr Accounts receivable $ 132,300

Balances on Accounts 31.12.2012 before adjustment  

Accounts receivable CREDIT $ 17,400

Allowance for Uncollectible Accounts DEBIT $ 6,300

Pincus estimates that 10% of the accounts receivable balance at 12/31/2021 will prove uncollectible.  

Dr Bad Debt Expense $ 8,040

Cr Allowance for Uncollectible Accounts $ 8,040

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % of estimated value.

Because the company already has a DEBIT balance ($6,300) in the Allowance for Doubtful Accounts  it's necessary to register an entry that COMPLEMENT ($8,040) the existing value and reflect the value estimated as bad debts ($1,740).

Bad Debt Expense = $8,040 - $6,300 = $1,740

It's necessary to reflect $1,740 in the Allowance for Uncollectible Accounts as Credit, so we need an entry of $8,040.

7 0
3 years ago
A trader buys a call option with a strike price of $30 for $3. Does the trader ever exercise the option and lose money on the tr
stepladder [879]

Answer:

The trader exercises the option and loses money on the trade if the stock price is between $30 and $33 at option maturity.  

Explanation:

A call option is the right to buy an asset at an agreed price on the maturity date. This agreed price is known as the strike price.

In the given scenario, the strike price is $30. The trader pays an additional $3 for the right to exercise the option, thus paying a total of $33 for the option.

Now, if the asset price on maturity date is greater than $30, the trader shall exercise the option and buy the asset. This is because the market price of the asset is greater than the price the trader pays for it, resulting in a favorable situation for the trader.

However, the trader paid a total of $33 for the stock. Hence, the trader shall lose money on the trade as long as the asset price is below $33.

Therefore,  if the asset price upon maturity is between $30 and $33, the trader shall exercise the option but lose money on the trade.

3 0
3 years ago
"$1,750,000 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 400,000 tons will b
IgorLugansk [536]

The question is incomplete. Here is the complete question.

The Weber Company purchased a mining site for $1,750,000 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 400,000 tons will be recovered. The estimated residual value of the property is $150,000. During the first year, the company extracted 6,500 tons of ore. The depletion expense is

Answer:

$26,000

Explanation:

Weber company purchases a mining site for $1,750,000

The company is expected to mine ore for a period of 10 years

A total of 400,000 tons is expected to be recovered

The estimated residual value of the property is $150,000

During the first year, the company extracts 6,500 tons

Therefore, the depletion expense can be calculated as follows

Depletion expense= Actual number of tons that was extracted/Total number of tons to be extracted during the working period × (Original cost of the site-residual value)

= 6,500 tons/400,000 tons × ($1,750,000-$150,000)

= 0.01625 × $1,600,000

= $26,000

Hence the depletion expense is $26,000

3 0
2 years ago
Engberg Company installs lawn sod in home yards. The company’s most recent monthly contribution format income statement follows:
katovenus [111]

Answer:

* The company’s degree of operating leverage: 1.38;

* The impact on net operating income of a 22% increase in sales: it will increase by 30.4%;

* New contribution format income statement:

                                               Engberg Company

                             Contribution format income statement

                                      Amount                        Percentage of sales

Sales                              $176,900                              100%

Variable expenses            70,760                               40%

Contribution margin         106,140                               60%

Fixed expenses                 24,000

Net operating income        82,140      

Explanation:

* The company’s degree of operating leverage = Contribution / profit = 87,000/63,000 = 1.38

* The impact on net operating income of a 22% increase in sales is calculated as: Degree of operating leverage x % changes in sales revenue = 1.38 x 22% = 30.4%.

* new contribution format income statement is shown in the answer part.

4 0
3 years ago
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