Answer and Explanation:
The Journal entry is shown below:-
March 17
Stock Dividend Dr, $84,750 (113,000 × 5% × $15)
To Common Stock Dividend Distributable $56,500 (113000 × 5% × $10)
To Paid in capital in excess of Par - Common Stock $28,250
(Being stock dividend is recorded)
Here we debited the stock dividend and we credited the Common Stock Dividend Distributable and Paid in capital in excess of Par - Common Stock
The two trends that influenced global marketing in the last decade were:
- Formal economic integration.
- Free trade between nations.
Global marketing can be defined as a management strategy for organizations that also market their products and services in foreign countries.
Globalization has enabled formal economic integration and free trade between nations, and has created the possibility for companies to increase their profitability and market share.
As an example, we can mention the fast-food chain <em>Mc Donalds,</em> which has a presence almost all over the world, but which adapts its burgers according to local habits.
Therefore, a global company must adopt global marketing, that is, adapt to local customs, culture and preferences for the business to be successful.
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The true statement out of all is
B) Georgeland has both an absolute and a comparative advantage in producing clothing.
Explanation:
This is because Absolute advantage is when one firm or a producer is able to produce more of a product using less resources or less time or more of the product in the same resources or same time as the other.
Comparative advantage is found out at the added bonus of having the product be as viable as it is advantageous which means that the producer could also be making another product and would have the advantage in that too so either one of them is equally profitable.
Answer:
The answer is D. Accounted for in current and future periods.
Explanation:
A change in accounting estimate is an adjustment of the carrying value of an asset or liability arising from reassessing the expected future economic benefits and obligations associated with that asset or liability.
Changes in accounting estimates must be shown in the accounting period in which the estimates are revised and periods after i.e accounted for prospectively. Example is a change in useful life and salvage value of a fixed asset
Answer:
competitive advantage
Explanation:
In industry, the quality that helps a company to surpass its rivals, is called its competitive advantage. A competitive advantage might include availability of resources, like higher-grade ores as well as small-cost energy sources, highly qualified workers, geographical position, high entry hurdles and access to better technologies.
When it comes to explaining competitive edge, the value proposition is essential. When the value proposition is successful, that is, when the value concept provides higher and more consistent value to consumers, it can yield a significant advantage either in the good or service. The value proposition will rising the perceptions and preferences of the customers.
