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grin007 [14]
2 years ago
7

Widgets, Inc. is beginning to export its products to Taiwan, but it isn't sure if it needs a license to do so. The responsibilit

y of determining if a license is required rests with the Taiwanese company that is purchasing the products.
a. True
b. False
Business
1 answer:
Pachacha [2.7K]2 years ago
5 0

Answer:

b. False

Explanation:

This statement is False. The products and the decision to move them to a foreign country is Widget's Inc. Therefore, the responsibility of making sure all of the paperwork is in order for exporting that product to each specific country is Widget Inc's and no one else's. They are the ones that need to make sure that they are legally allowed to bring their product into a country and make sure that it is not considered contraband and that all the paperwork is obtained including licenses.

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Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.60 per mile driven. Joyce has determined that if
kotykmax [81]

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per mile = (High Operating cost - low operating cost) ÷ (High miles - low miles)

= ($845 - $625) ÷ (3,350 miles - 2,250 miles)

= $220 ÷ 1,100 miles

= $0.2 per miles

Now the fixed cost equal to

= High operating cost - (High miles × Variable cost per miles)

= $845 - (3,350 miles × $0.2 per miles)

= $845 - $670

= $175

And, the contribution margin income statement is presented below:

Sales (1,400 × $0.6)                                         $840

Less: Variable cost (1,400 × $0.2)                ($280)

Contribution margin                                        $560

Less: Fixed cost                                               ($175)

Net  operating income                                    $385

5 0
3 years ago
Changes in stockholders' equity Listed are the equity sections of balance sheets for years 2014 and 2015 as reported by Mountain
svet-max [94.6K]

a. Mountain Air's net income for fiscal 2015 is $910,000.

b. The number of new shares issued is 1,120,000.

c. The price per share of the new stock sold during 2015 is $4.20.

d. The original price of the shares was $2.08.

a. The net income is

= $1,500,000 - $800,000 + $210,000

= $910,000

b. The number of  New Share issued is

= 1,600,000 - 480,000

= 1,120,000

c. The price of the new stock per share sold is  

Par Value 1,120,000

Add: Paid In excess Of par (4,100,000 - 520,000) 3,580,000

Net Proceeds from issuance of shares 4,700,000

Number of New Share Issued 1,120,000

Now  

The Average price per share of the new stock sold is

= 4,700,000 ÷ 1,120,000

= $4.20

d. The original price of the share is  

The original issuance price is

= (Paid-in-capital account + common stock account) ÷ original shares  

= (520,000 + 480,000) ÷ 480,000

= $2.08

Therefore we can conclude that

a. Mountain Air's net income for fiscal 2015 is $910,000.

b. The number of new shares issued is 1,120,000.

c. The price per share of the new stock sold during 2015 is $4.20.

d. The original price of the shares was $2.08.

Learn more: brainly.com/question/13931207

5 0
2 years ago
Which of the following are true about cost allocation? A. Cost allocation is a form of transfer pricing for indirect costs B. Co
zhannawk [14.2K]

Answer:

E. All of the above

Explanation:

all of the given options qualify as being true about cost allocation.

6 0
3 years ago
Georg, a german citizen, just purchased 10 shares of stock in microsoft, a u.s. company. this purchase is an example of
emmasim [6.3K]

Foreign portfolio investment, which is simple people in one country investing in the assets of another country.

5 0
3 years ago
Do you think it is possible for an outsider to accurately discern about the underlying cultural values of an organization by ana
Rudiy27

Answer:

From the given variables, an outsider might be able to understand roughly 35% of the organization's culture.

Explanation:

Culture is ultimately a state of mind, a mode of perception and a collective conscious.

Symbols, Ceremonies, dress and other observable aspects of culture reflects a certain degree of the internal culture, yet to understand it full, it is vital to observe the human behavior and the inter relationships within the organization.

Moreover, the power distance between ranks, distribution of authority and responsibilities, reward systems, means of communication and organizational goals  also influences  the culture within a company. These aspects are difficult for an outsider to see as they do not stay inside and get exposed to the internal environment of the organization.

5 0
3 years ago
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