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lubasha [3.4K]
3 years ago
9

John Chong is an inexperienced entrepreneur in global business. He wants to sell his product, Zulu doll, a toy for kids below th

e age of eight, in every corner of the world. He wants to examine all potential markets but wants to keep his costs low. John has asked you to explain a few things about analyzing international markets. When screening a potential market, which of the following would you advise John to do first?a. assessment of the national business environmentb. selection of the marketc. identification of the basic appeal for marketsd. measurement of market potential
Business
1 answer:
SSSSS [86.1K]3 years ago
7 0

Answer:

c. identification of the basic appeal for markets

Explanation:

As John is an inexperienced businessman and wants to sell his Zulu doll product, a toy for children who have less than 8 years in every part of the world and want to keep the cost low

So first thing he should do is feasible study whether his product is feasible or not and then identify the market with respect to the price, quality, competitors, etc so that he get a good idea

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By what amount would net income differ if bad debt expense was computed using the percentage-of-receivables approach? Assume tha
Murljashka [212]

Answer:

By following the Accountants Principle and Dicksons policy of debiting Bad debt accounts as Accounts are written off, the Net income would have been impacted negatively (reduced) by the write off from Prior period of $31,330 only

However, by following the % of receivables approach, a total of $31,330 (Write off from prior period) + $9,240 (current period provision for bad debt) will impact the Net Income negatively (reduced)  = $40,570

Explanation:

Accounts receivable balance = $77,000

12% projected uncollectible debt = $9,240

Provision for bad debt under the % of receivables approach = $9,240

Amount written off related to prior year = $31,330

5 0
3 years ago
Myers Company acquired a 60% interest in Gannon Corporation on December 31, 2020 for $1,775,000. During 2021, Gannon had net inc
miskamm [114]

Answer:

The answer is $2,225,000

Explanation:

Cost of acquisition is $1,775,000

Meyer company's share of net income in Gannon corporation:

60% of $1,000,000

0.6 x $1,000,000

= $600,000

Meyer company's share from cash dividend in Gannon corporation

60% of $250,000

0.6 x $250,000

= $150,000

The balance in the equity investment account at December 31, 2021 should be:

$1,775,000 + $600,000 – $150,000

= $2,225,000

6 0
3 years ago
The company allocates manufacturing overhead using a single plantwide rate with machine hours as the allocation base. Estimated
vovikov84 [41]

Answer:

B) $1.40 per machine hour

Explanation:

Total machine hours = 29,000 + 48,000 = 77,000

Predetermined overhead allocation rate = Total estimated overhead costs / Total estimated quantity of the overhead allocation base

= $108,000 / 77,000 machine hours

= $1.40 per machine hour

6 0
3 years ago
A country has private saving of $500 billion, public saving of -$100 billion, domestic investment of $150 billion, and net capit
Sav [38]

The formula to use is:

Private saving = Public saving + Domestic investment + Net capital outflow + Loanable funds

Substituting the given values:

$500 billion = - $100 billion + $150 billion + $250 billion + Loanable funds

<span>Loanable funds = $200 billion</span>

5 0
3 years ago
Calculate the planned shortage in dollars if the planned shortage % is 1.64% and the planned net sales are $1,189,000.
EleoNora [17]

Answer:

the planned shortage in dollars is $19,499.60

Explanation:

The computation of the planned shortage in dollars is shown below:

= Percentage of planned shortage × planned net sales

= 1.64% × $1,189,000

= $19,499.60

hence, the planned shortage in dollars is $19,499.60

We simply applied the above formula so that the correct value could come

And, the same is to be considered

6 0
2 years ago
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