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algol13
3 years ago
10

Johnny Appleseed and Company ships all of the apples from its orchards in the Pacific Northwest to a single buyer in Japan. The

firm's entire profits are derived from this international transaction. Johnny Appleseed and Company is:________
Business
1 answer:
ivolga24 [154]3 years ago
4 0

Answer:

not a multinational corporation.

Explanation:

To be considered as a multi-national corporation, a company need to control the production of its goods  and sell them in more than one countries.

At the excerpt above, it is mentioned that Johnny Appleseed and Company only sold its products to a single buyer in japan.  This means that the company is only selling it in one country. The fact that its one customer located in foreign country does not make the company fulfill the criteria as a multinational corporation.

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"Redfox Pest Control Service had revenues of $425,000 and expenses of $338,000 for the current year, ended June 30. At the begin
andrew-mc [135]

Answer: The options are given below:

A. $292,000

B. $267,250

C. $205,250

D. $275,250

The answer is D. $275,250

Explanation:

Net profit = 425,000 - 338,000 = $87,000

Common Stock =110,000 + 25,000 = $135000

Retained Earnings = 70,000 + 87,000 = $157000

Less: Dividend paid = -$16,750

We will calculate shareholders equity as follows:

Total shareholders' Equity = common stock + retained earnings - dividend paid

=> $135000 + $157000 - $16,750

= $275,250

7 0
3 years ago
Read 2 more answers
Sage Hill Inc. Issues $254,000, 10-year, 10% bonds at 97. Prepare the journal entry to record the sale of these bonds on March 1
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To record final annual interest and bond repayment:

2017

Mar 1

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Bonds payable                      $254,000

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On March 1, 1997, the date of issuance, the entry is:

1997

Mar 1

Cash                                        $254,000

          Bonds payable                                  $254,000

On each March 1 for 10 years, beginning March 1, 1997 (ending March 1, 2017), the entry would be (Remember, calculate interest as Principal x Interest Rate x Time)

Mar 1

Bond Interest Expense ($100,000 x 12% x 1)          $25,400

          Cash                                                                                  $25,400


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The _______________ Act of 1764 was an attempt to increase taxes by lowering the rate and increasing consumption.
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at what point described below will producer surplus most likely drop to zero for a firm? a.) when the firm is taking a significa
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(B) When revenue equals opportunity and variable cost, then the producer surplus most likely drops to zero for a firm.

<h3>What is revenue?</h3>
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Know more about revenue here:

brainly.com/question/16232387

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3 0
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