Answer:
Accounting profit - Your actual profit
Economic profit - Profit, but opportunity cost factored out
Explanation:
Accounting profit is how much you made (Revenue - Explicit Cost.
Economic profit includes implicit costs, or opportunity cost. If you could have made $100,000 at a different job, you subtract that. If Accounting-Economic profit is 0 or higher, you should stay in business.
Describe the current global strategy and provide evidence about how the firm’s resources and competencies support the pressures regarding costs and local responsiveness. Describe entry modes they have usually used, and whether the modes are appropriate for the given strategy is described below
Explanation:
Global Strategy’ is a shortened term that covers three areas: global, multinational and international strategies. Essentially, these three areas refer to those strategies designed to enable an organisation to achieve its objective of international expansion.
In developing ‘global strategy’, it is useful to distinguish between three forms of international expansion that arise from a company’s resources, capabilities and current international position.
Implications of the three definitions within global strategy:
International strategy: the organisation’s objectives relate primarily to the home market.
Multinational strategy: the organisation is involved in a number of markets beyond its home country. But it needs distinctive strategies for each of these markets because customer demand and, perhaps competition, are different in each country. Importantly, competitive advantage is determined separately for each country.
Global strategy: the organisation treats the world as largely one market and one source of supply with little local variation. Importantly, competitive advantage is developed largely on a global basis.
Answer:
The amount of direct materials charged to Job No. 5 is $5,200.
Explanation:
Work in process, April 30 = Balance + Direct material + Direct labor + Factory overhead - Cost of finished goods
= $4,000 + 24,000 + 16,000 + 12,800 - 48,000
= $8,800
Job No 5 = Work in process, April 30 = $8,800
Job No 5 = Direct material + Direct labor + Factory overhead
$8,800 = Direct material + $2,000 + $1,600 ($2,000 * 80%)
Direct material = $8,800 - $2,000 - $1,600
= $5,200
Therefore, The amount of direct materials charged to Job No. 5 is $5,200.
Cash flow=net income+non-cash expenses-increase in working capital.
I think it's C
I hope it helped you!