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4 years ago

According to the cage distance framework, cultural distance most affects industries or products:

1 answer:

andrey2020 [161]4 years ago

5 0

According to the CAGE distance framework, cultural distance most affects industries or products when a firm is trying to expand internationally issues arise between the home and host country.

CAGE stands for Cultural, Administrative, Geographic and Economic differences between companies and countries. These distances and differences are normal because of the differences within a country to another but need to be addressed to work together as smoothly as possible.

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Amortization Entries Kleen Company acquired patent rights on January 10 of Year 1 for $2,800,000. The patent has a useful life e

iogann1982 [59]

Answer:

a. The patent amortization expense for Year 4 ended December 31 is $357,600.

b. Debit Amortization expense for $357,600; and Credit Accumulated amortization - Patent for $357,600.

Explanation:

Patent acquisition cost = $2,800,000

Number of years to use for amortization patent acquisition cost = Useful life equal = Legal life = 8

Lawsuit at a cost = $38,000

Number of years to amortize the lawsuit cost = Number of years to use for amortization – Numbers of years from January Year 1 to January Year 4 = 8 – 3 = 5

Therefore, we can now have:

a. Determine the patent amortization expense for Year 4 ended December 31.

Patent amortization expense for Year 4 = (Patent acquisition cost / Number of years to use for amortization patent acquisition cost) + (Lawsuit cost / Number of years to amortize the lawsuit cost) = ($2,800,000 / 8) + ($38,000 / 5) = $357,600

Therefore, the patent amortization expense for Year 4 ended December 31 is $357,600.

b. Journalize the adjusting entry on December 31 of Year 4 to recognize the amortization.

The journal entry will look as follows:

Details Debit ($) Credit ($)

Amortization expense 357,600

Accumulated amortization - Patent 357,600

(To record Patent amortization.)

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3 years ago

a product may be a tangible physical good or a service, or an intangible offering involving a deed, performance, or effort. to b

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Compared to a physical good, it is more challenging to trade. A good is a tangible thing that can be purchased, handled, and used. A service is an action performed for clients who pay for it.

A tangible asset exists physically. Comparatively speaking to an intangible asset, it is comparatively simple to trade. A product can be an intangible offering involving a deed, performance, or effort or it can be a tangible physical good or service. Marketing managers need to be aware of potential distinctions between products and services in order to succeed. For the entire firm, marketing managers are in charge of creating, planning, and carrying out strategic marketing programs that will draw in new clients and keep old ones coming back. A company's overall plan for reaching out to potential customers and converting them into buyers of their goods or services is referred to as a marketing strategy.

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1 year ago

At Walt Disney World, guests staying at The Grand Floridian Resort and Spa find thick white terrycloth robes hanging in the cupb

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Answer:

Most likely detail oriented or less likey outcome oriented, but definitely not the others.

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3 years ago

On January 1, Alan King decided to deposit $ 58,800 in a savings account that will provide funds four years later to send his so

s344n2d4d5 [400]

The amount 'a' available after 'n' years of a sum 'p' saved now at a rate of interest 'r' is

a= p(1+r)^n

For our case a = 58,800 (1+0.08)^4 = 58,800 x 1.36 = 79,997.

The journal entry to be made on January 1 is

Date Account Debit Credit

Jan.1 Deposit account 58,800

Cash 58,800

(To record deposit made in a savings account)

3. Total interest for four years = Amount available after four years - Initial deposit = $79,997 - $58,800 = $21,297

Interest is the financial charge for the privilege of borrowing money, usually expressed as an annual percentage rate (APR). Interest is the amount of money a lender or financial institution receives for lending out money.

An Interest rate tells you how high the cost of borrowing is, or excessive the rewards are for saving. So, if you're a borrower, the interest rate is the amount you're charged for borrowing money, shown as a percentage of the total amount of the loan.

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2 years ago

Dan Kim does a lot of customer research on his ideas for new products before actually making a prototype. In the new-product dev

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In the new-product development process, this stage is called: Test Marketing.
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4 years ago

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