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tino4ka555 [31]
3 years ago
13

Which of the following is a difference between global consistency and local adaptation? a. Unlike global consistency, local adap

tation simplifies decisions. b. Unlike global consistency, a company following a policy of local adaptation modifies its standard operating procedures to adapt to differences in foreign customers, governments, and regulatory agencies. c. Unlike global consistency, a company following a policy of local adaptation follows the same rules and regulations across all its offices in different countries. d. Unlike global consistency, local adaptation is typically preferred by overseas managers who are charged with making the local business successful in other countries.
Business
1 answer:
artcher [175]3 years ago
8 0

Answer:

b. Unlike global consistency, a company following a policy of local adaptation modifies its standard operating procedures to adapt to differences in foreign customers, governments, and regulatory agencies.

Explanation:

When a company wants to operate in different locations globally they can adopt 2 methods of operation.

The global consistency approach aims to maintain a uniform operational procedure across all countries where a company does business.

Local adaptation is when the company modifies it's standard operating procedures to fit local preferences, government policy, regulations, and politics.

Local adaptation tends to be more complex be side each location has its way of operating so there is no uniformity across global locations.

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On July 10, 2020, Pronghorn Music sold CDs to retailers on account and recorded sales revenue of $635,000 (cost $508,000). Prong
mixas84 [53]

Answer:

(a)

Dr Accounts Receivable $635,000

Cr 7/10/2020 Sales Revenue $635,000

Dr Cost of Goods Sold $508,000

Cr Inventory $508,000

(b)

Dr Sales Returns & Allowances $82,700

Cr 10/11/2020.Accounts Receivable $82,700

Dr Returned Inventory $66,160

Cr Cost of Goods Sold $66,160

10/31/2020 No entries are needed as the return period has expired.

Explanation:

(a)

Dr Accounts Receivable $635,000

Cr 7/10/2020 Sales Revenue $635,000

Dr Cost of Goods Sold $508,000

Cr Inventory $508,000

(b)

Dr Sales Returns & Allowances $82,700

Cr 10/11/2020.Accounts Receivable $82,700

Dr Returned Inventory $66,160

Cr Cost of Goods Sold $66,160

($508,000 / $635,000) x $82,700= $66,160

10/31/2020 No entries are needed as the return period has expired.

8 0
3 years ago
The cash effects of transactions that create revenues and expenses are
iren [92.7K]

Answer:

The cash effects of transactions that create revenues and expenses are operating activities.

Explanation:

Operating activities are useful to stable the business and they are mostly based on cash transactions. Business need cash for their daily operational activities.

6 0
3 years ago
Asset misappropriation is ________ likely than fraudulent financial reporting. The amounts involved in asset misappropriation ar
Mariana [72]

Answer:

The correct answer is letter "A": more; less.

Explanation:

Misappropriation of assets and fraudulent financial reporting are two major issues caused by one single corporate problem: <em>fraud</em>. Misappropriation is said to be <em>more common</em> than fraudulent financial reporting since it implies using resources of the company that are at hand for personal uses. Instead, the harm caused by misappropriation is <em>less </em>than the caused by fraudulent financial reporting since the latter involves reporting fictitious expenditures, issuing checks in blank, booking "ghost employees", or even using the company's sensitive information -such as account numbers- at will.

8 0
3 years ago
An account is said to have a debit balance if a) its normal balance is debit without regard to the amounts or number of entries
Irina-Kira [14]

b) the footing of the debits exceeds the footing of the credits.

8 0
3 years ago
Pratte Boat Wash's cost formula for its cleaning equipment and supplies is $2,530 per month plus $44 per boat. For the month of
jeka57 [31]

Answer:

$102 unfavorable

Explanation:

The computation of the spending variance is shown below:

= Actual supplies cost - expected supplies cost

where

Actual supplies cost is $3,160

And, the flexible supplies cost would be

= Actual level of activity × price per boat + supplies cost per month

= 12 boats ×$44 + $ 2,530

=  $528 + $ 2,530

= $3,058

Now put these values to the above formula  

So, the value would equal to  

= $3,160 - $3,058

= $102 unfavorable

= $11,389

Now put these values to the above formula  

So, the value would equal to  

= $11,700 - $11,389

= $311 unfavorable

8 0
3 years ago
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