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jok3333 [9.3K]
2 years ago
12

Gray uses Hofstede's cultural values that were discussed in Chapter 1 to:

Business
1 answer:
Mrac [35]2 years ago
3 0

Answer:

a. Set forth accounting values that can be used to define a country's cultural foundation with respect to financial reporting.

Explanation:

Gray Hofstede's presented six dimensions of cultural values. Power distance index, Individualism vs collectivism, Masculinity vs Femininity, Uncertainty Avoidance Index, Long term vs short term orientation, Indulgence vs Restraint. He used footing for comparing state based accounting values. He set accounting values to define a country's cultural foundation with respect to financial reporting.

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McCallister's just purchased $16,500 worth of inventory. The terms of the sale were 1/15, net 45. What is the implicit interest?
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The implicit interest based on the information given is $165.

<h3>How to calculate the interest?</h3>

It should be noted that the implicit interest is calculated as:

= Inventory worth × Discount rate

= $16500 × 1%

= $165

Therefore, the implicit interest based on the information given is $165.

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2 years ago
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When a manufacturer saturates the market, the manufacturer is engaging in  intensive distribution.

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3 years ago
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