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3 years ago

Explain the term “Flag of Convenience" and how it might affect International Business.

Business

1 answer:

MAXImum [283]3 years ago

4 0

Answer:

Flag of convenience

A flag of a country under which a ship is registered in order to avoid financial charges or restrictive regulations in the owner's country.

It affects the international business as it creates advantages for the ships using this register as some the countries offering flag of convenience have poor regulations and poorer enforcement then activities like tax avoidance, criminal trade, and bad labour conditions make the participation in the international businesss easier for those ships

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Calculate the dollar rates of return on the following assets: A painting whose price rises from $200,000 to $250,000 in a year.

Gennadij [26K]

Answer

A. 25%

B.8%

C. 1.2%

Explanation:

($250,000 − $200,000)/$200,000 = 0.25 or 25%

($275 − $255)/$255 = 0.08 or 8%

Their was No exchange rate movements involved assets & returns all in U.S. dollars

Step 1: £10,000 * $1.50/£ = $15,000 initial $ investment

Step 2: £10,000 * (1.10) = £11,000 at end of year

Step 3: £11,000 * $1.38/£ = $15,180 at end of year

Step 4: ($15,180 - $15,000)/$15,000 =

0.012, or 1.2%

7 0

3 years ago

A best-seller novel sells for $28 in hardback edition and $12 in a paperback edition. a book store's sales of both editions tota

Mekhanik [1.2K]

The number of each type of book is what is unknown, so we can represent those quantities with variables. Let x = the number of hardbacks and y = the number of paperbacks. Then we know that: x + y = 65 (the total number of books sold) We also know the total cost of both editions, which is $1356. It can be written algebraically as: 28x + 12y = 1356 We now have a system of two equations, which can be solved by substitution. It would be easier to solve the first equation for either x or y and substitute that into the second equation.

6 0

3 years ago

Alexis Company was started in Year 1. At the end of Year 1 the Company had the following accounting equation.Assets = Liabilitie

swat32

Answer:

Company's assets at the end of Year 2 were provided by creditors = 20%

Explanation:

Calculation of Cash at the end of Year 2

Cash balance at the end of Year 1 $600

Less: Paid off to notes payable ($500)

Add: Earned cash revenue $700

Less: Paid cash expenses ($400)

Less: Paid cash dividend ($100)

Cash balance at the end of Year 2 $300

Notes payable at the end of Year 2 = Beginning balance - Paid off

= $1,000 - $500

= $500

Calculation of Notes Payable at the end of Year 2

Notes Payable at the end of Year 1 $1000

Less: Paid off to notes payable ($500)

Notes Payable at the end of Year 2 $500

Total assets at the end of Year 2 = Cash + Land

= $300+2200

= $2500

Creditors at the end of the Year 2 (Notes payable) = $500

Company's assets at the end of Year 2 were provided by creditors = Creditors * 100 / Total assets

= $500 * 100 / $2500

= 20%

5 0

3 years ago

7. In capitalism, most businesses have a profit motive. Describe at least one reason that businesses with a profit motive may be

kramer

Gaining a profit from sold goods is helpful because the use of scarce resources is optimized. It also provide jobs. The bad side of being in a profit motive business is that some may be tempted to deal with customers . I think that a profit motive business is a good thing.

8 0

3 years ago

The following information relates to a company’s accounts receivable:

notka56 [123]

Answer:

1. $31,000

2. $40,000

Explanation:

1. Computation of bad debt expenses for the year

Bad debt expenses = Credit sales × Bad debts expenses

= $1,550,000 × 2%

= $31,000

2. Computation of year end balance

Year end balance = Beginning balance + Bad debt expense - Written off

= $31,000 + $31,000 - $22,000

= $40,000

Therefore for computing the bad debt expenses and year end balance we simply applied the above formula.

6 0

3 years ago