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s2008m [1.1K]
3 years ago
15

As a general rule, the Chinese government allows foreign companies to participate in its market only if those companies agree to

establish operations with local Chinese enterprises. Which market entry mode would be the appropriate choice under these circumstances?A) acquisition
B) licensing
C) joint venture
D) exporting
E) franchising
Business
1 answer:
stealth61 [152]3 years ago
7 0

Answer:

C. Joint Venture

Explanation:

A Joint Venture is a business agreement in which two or more parties agree to combine their resources in order to achieve an objective.

Companies use Joint Ventures to partner with foreign businesses in order to enter their market. This is what China is proposing in the scenario above, and it has been done in order that China might have a stake in those businesses.

<u>Advantages of a Joint Venture include:</u>

  • Access to new markets.
  • Pooling of resources.
  • Low cost of production.
  • Access to expertise ans technology, and so on.

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At the beginning of 20x1, Sun Angel Corporation began offering a two-year warranty on its products. The warranty program was exp
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Answer:

The correct answer is 1,900,000 dollars.

Explanation:

This question requires us to calculate the amount that the Sun angel will recognize as warrantly liability in it balance sheet for the year ended at 20x1.

The sales made during the year is 180 millions dollars. So the company will recognize the provision as follow (during the year)

(180M * 4%= 7.2M)

Debit Warrantly Expense    $7.2M

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Claim entertain during the year that has reduce the above recognize liabilty is

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Credit Cash                      $5.3M

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Answer:

$12,500

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Budgeted cash disbursements are the payments that the company expects to make in a specific period of time.

$19,500+190,500-191,000= 19,000

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31,500-19,000= 12,500

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