The above statement is TRUE. Compounding is the process by which the worth of an investment increases because the earnings on an investment, which is made up of the capital gains and interest earn interests as time passes.
Answer: See explanation
Explanation:
The journal entry to record the purchase of raw materials is analysed below:
November:
Dr Raw materials $86000
Cr Cash or account payable $86000
It should be noted that as the raw material is increasing, the raw material account will be debited while as the cash or account payable I decreasing, it is credited.
The correct answer to this open question is the following.
How a society's culture affects the values found in the workplace is considerably important to an international business with operations in different countries.
Answer:
Society has a series of elements that identify it due to its culture, beliefs, and traditions. These elements are part of the workplace in that employees and employers have a way to relate to each other in different moments, according to the culture and philosophy of the company.
So when a multinational company starts operations in another country, it has to be very aware of the culture, belief systems, and traditions of the people in that new country.
This is of the utmost importance to avoid misunderstandings. There has to be a kind of fusion of cultures to create a new one that serves the goals of the company, understanding ad respecting the local culture.
Without this understanding, the company is prone to have a bad mood, opposition, and negative attitudes from employees.
Answer:
The correct option is C,when they are viewed from the perspective of the parent firm.
Explanation:
In translating the foreign currency denominated subsidiary into parent's company presentation currency,the values of the subsidiary assets and liabilities change in order that the group financial performance(income statement) and position(balance sheet ) can be presented in one single uniform currency such that it is much easier for stakeholders to view the combined entity results in one single document.
This would accord the stakeholders to take important decisions on the entity as whole ,for instance a buy/divest decision.
Answer:
Net realizable value of Accounts Receivable is $4,580
Explanation:
Balance in allowance for uncollectible account= Balance before write off - Account written off
=$420 - $140
=$280
Net realizable value of accounts receivable is:
Particular Amount
Accounts Receivable balance $5000
Less: Account written off <u>$140</u>
Balance after write off $4860
Less: Allowance for uncollectible
account from step 1 <u>$280</u>
Net realizable value <u>$4,580</u>
