Answer and Explanation:
The preparation of the balance sheet as on May 31, 20Y6 is as follows:
Assets
Cash $252,875
Accounts receivable $65,950
Supplies $11,305
Land $301,000
Total Assets $631,130
Liabilities
Accounts payable $23,555
Common Stock $135,000
Retained earnings (see working below) $472,575
Total Liabilities $631,130
Working note
For retained earnings first determine the net loss or net income as the case may be
= Fees earned - office expense - miscellaneous expense - wages expense
= $942,135 - $216,690 - $18,845 - $452,225
= $254,375
Now the ending retained earning balance is
= opening retained earning balance + net income - dividend paid
= $254,000 + $254,375 - $35,800
= $472,575
Answer:
(E) ensuring the customer understands the company's history.
Explanation:
Approach phase is the third stage of selling process, in this the sales person meets the customer for the first time.
First 2 steps are prospecting and preparation.
Under prospecting the customers are identified who needs the products of the company.
Under preparation the slides are prepared about the company's product, that how it will be presented to the customer.
Under approach stage the salesperson meets the customer, and introduces where he came from, why he came, ad what does the company do.
After that only he further moves to understand and confirm with the estimated needs of customer.
Thus, statement (E) confirms that the customer knows about the company, and why the salesperson is here to meet him.
Answer:
When a firm decides to situate its operations outside of its original geographic boundaries, it is said to have internationalized its operations.
It is right to acquiesce to the position that Internationalization can become a critical growth strategy for a high-tech venture.
Explanation:
Every country/economy in the world operates at different levels of efficiency with various degrees of economic advantages and disadvantages to the businesses. The one singular factor that validates this statement is the Cost of Doing Business.
For example,
by virtue of China's huge population and economic strategies, its low cost of production (which was mainly due to cheap labour) became a great incentive to many tech companies all over the world especially IT.
By relocating production operations to China, many companies got the same quality for far less than they would have if they retained such operations in their home country.
One example of this is Apple. Apple currently has an operation in China which manufactures its iPhones with a production plant that is 230,000 staff strong.
Foxconn which is the name of the manufacturing partner which China uses boasts of the ability to produce half a million iPhones in a day.
On the 30th of July, 2020, USD 59.7 billion was posted by Apply as its earning. This is an 11% growth over its quarterly performance from a year ago of which 60% is accounted for by sales from international economies.
The above facts speak to the relevance/advantages of internationalisation.
Cheers!
Answer:
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act)
