Answer:
Given that,
Amount paid = $72,000
Time period = 6-months
As cash is received it is debited and unearned revenue is credited as it is treated as liability until service is provided.
Therefore, the journal entry for this transaction is as follows:
Cash A/c Dr. $72,000
To unearned revenue A/c $72,000
(To record the unearned revenue)
Answer:
b. AgCo will sell no bushels of corn.
Explanation:
A perfectly competitive market refers to market has many buyers and sellers will all the market selling the undifferentiated product without any difference.
Some of the others attributes of a perfectly competitive market are that buyers and sellers have perfect information about the price of a good, no barriers to entry and exit, similar products are being sold, there are free entry and exit to the market, and all sellers are price takers.
All sellers are price takers implies that the price of good is determined or given by the market. Therefore, any attempt to increase the price beyond the price given by the market will result into a zero sale because the buyers will immediately switch to another seller selling at the market price which lower.
Based on the above explanation, AgCo will sell no bushels of corn because its prices at $4.10 per bushel for its corn is higher than the current market price for a bushel of corn of $4.00.
Answer:
A. power distance
Explanation:
In the context of Hofstede's cultural dimensions, this difference in cultures is part of the power distance dimension, which corresponds to the hierarchical position of the members of an organization and the appropriate relationship form for each hierarchy in an organization that occurs in certain cultures, reinforced by an inequality that already occurs in society.
To avoid offensive behavior in multinational businesses, it is necessary to have multicultural skills that include ethics, respect and knowledge of a new culture and its rules.
