Answer:
The main challenge associated with payments across international borders is the challenge of currency rates. Because currencies vary across countries, sometimes a payment can be either hugely benefitial or hugely detrimental for a company, depending on how expensive or cheap its domestic currency is compared to the foreign currency.
Another challenge is related to international legislation, banking systems, red tape, and so on. Banking laws in some countries are more favorable to firms than in others, for example, by charging less financial expenses or comissions.
Answer:
a. 2 years.
Explanation:
Annual cash flow = After-tax net income + Depreciation
Annual cash flow = $80,000 + $160,000
Annual cash flow = $240,000
Payback Period = Cost of Project / Annual cash Flow
Payback Period = $480,000 / $240,000
Payback Period = 2 years
So, the payback period for the new equipment is 2 years.
Cause of Economic Growth Effect of Economic Growth
Investment in Physical Capital Social and Community Development
Investment in human capital Improvement in Standard of Living
Economic growth can be seen in different components such as efficient labor, physical capital, and intensive growth.
Answer: b. preparing the financial statements
Explanation: As accounting involves recording, classifying, summarizing, and the interpretation financial information, the accounting process, is considered a series of procedures that are employed in the collection, processing, and communication of financial information. In the accounting process, journal entries are first adjusted (identifying and analyzing business transactions and events) after which they are posted. This represents the first and second steps. Then the adjusted trial balance is prepared, followed lastly by the preparation of financial statements. Therefore, the preparation of financial statements is completed last.
When multinational companies come into a nation, they serve as additional competition for businesses in the new country. For Leyla and Sofia who have been told to develop a strategy to defend against the entry of multinational companies into Vietnam, two strategic approaches they can employ are;
- Deploy (1) acquisition and (2) rapid-growth strategies to better defend against expansion-minded internationals.
For their company to better match these multinational companies, they have to come up with strategies to make their business stand out.
Customer acquisition strategies can be designed to convert prospects into real customers. Content marketing and advertising are ways to do this.
Also, rapid growth strategies like diversification, product innovation, and market penetration can also help their company defend against the multinational companies.
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