Answer:
The answer is below
Explanation:
There are various potential difficulties one might encounter when doing business in the Chinese market. Some of which are:
1. Intellectual property issue: this is an area of business that is known to be one of the big issues in China. It is reported that a lot of inventors have problems in protecting their inventions, as many other competitors can just pick the invention idea and build on it without sanctions.
2. Governmental challenges: there is a huge issue of lack of transparency and corruption in China, most especially against foreign business owners.
3. Market Access: because of the diverse and big difference in consumers' consumption habits and distribution operations in China compared to other countries, most especially non-Indochina countries, will make the market access difficult for foreign business.
4. Consumer preference: consumers' preference in China is reported to be different and distinct compared to what is obtained outside China. Hence, foreign business owners will find it challenging to cope.
5. Bureaucracy: to obtain necessary licenses and permits in china requires going through a long process, which may even be more delayed to foreign business owners.
Answer:
$39,000
Explanation:
Estimated uncollectible account is $45,000
The balance of allowance for doubtful account is $6,000 credit before the adjustment
Therefore the amount of bad debt expense for that period can be calculated as follows
= $45,000-$6,000
= $39,000
Hence the amount of bad debt expense for that period is $39,000
Answer:
Purchases= 3,500lbs
Explanation:
Giving the following information:
Production= 4,000*1.5= 6,000 lbs
Beginning inventory= 5,000 lbs
Ending inventory= 2,500 lbs
<u>To calculate the direct materials purchase, we need to use the following formula:</u>
Purchases= production + desired ending inventory - beginning inventory
Purchases= 6,000 + 2,500 - 5,000
Purchases= 3,500lbs
Answer:
Equivalent Unit of Material = 120000 + (15000 × 40%)
Equivalent Unit of Material = 126000 units
Cost per Equivalent Unit of Material = (22400 + 229600) / 126000
Cost per Equivalent Unit of Material = 2 per unit
Equivalent Unit of Conversion Cost = 120000 + (15000 × 10%)
Equivalent Unit of Conversion Cost = 121500 units
Cost per Equivalent Unit of Conversion = (6250 + 540500) / 121500
Cost per Equivalent Unit of Conversion = 4.50 per unit
So answer is $2.00; $4.50
