Assume that an investor owns 30% of an investee, and accounts for its investment using the equity method. At the beginning of the year, the Equity Investment was reported on the investor's balance sheet at $300,000. During the year, the investee reported net income of $114,000 and paid dividends of $20,000 to the investor. In addition, the investor sold inventory to the investee, realizing a gross profit of $48,000 on the sale. At the end of the year, 20% of the inventory remained unsold by the investee.
1. ignorance of laws/statutes/regulations in each country and communication issues
2. vulnerability of being a new entry in global competition
3. off-site business, finding trustworthy trade partners whom you've never met
Answer:
The correct answer is B
Explanation:
Mission statement is one of the statement which is described what a firm is, why the firm exists, the reason for being or existence. At the minimum, the mission statement defined as who the primary customers are, recognize the services and products which the firm produce and also define the geographical location in which the business operate.
So, the mission statement is the formal statement states the strategic plan describe the overall motive of the business.
Answer:
Normative
Positive
Normative
Positive
Explanation:
Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.
For example, the statement , In some circumstances, if taxes are lowered,
government revenues actually increase, can be tested and it has it basis in economic theory
Normative economics is based value judgements, opinions and perspectives. For example, the statement - taxes are too high - is based on opinion. To some it is too high while to others it would be too low
