Answer:
Difficult to Imitate (I)
Explanation:
The unique microprocessors developed by the company contribute to its high resource immobility. According to the resource-based view of competitive advantage, when a company is achieving resource immobility, it allows the company to create competitive advantage.
The theory of Resource-Based View is that if Trust Machines can create a company of people, processes and technologies that cannot be easily copied or imitated by competitors it means that your resources are diverse and immobile, and it can create competitive advantage.
Answer:
Question
Majka Company was started on January 1, Year 1 when it acquired $50,000 from the sale of common stock. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $28,600, (2) paid cash expenses of $13,200, and (3) paid a $1,500 cash dividend to its stockholders. These were the only events that affected the company during Year 1.
Required:
a. Record the effects of each accounting event under the appropriate account headings.
b. Prepare an income statement dated December 31, Year 1, for Majka Company.
c. Prepare a statement of changes in stockholders’ equity dated December 31, Year 1, for Majka Company.
d. Prepare a balance sheet dated December 31, Year 1, for Majka Company.
Explanation:
The matching notion relates to balancing off costs with the income generated by those costs. This is further explained below.
<h3>What is the matching concept?</h3>
Generally, the matching concept is simply defined as Income and expenditures must be recorded in accordance with the matching principle of accounting.
In conclusion, This rule mandates that a company keep track of its outgoings in addition to its incoming income.
CQ
Revenues, expenses, and dividends are closed to retained earnings at the end of an accounting cycle. Which of the following is "matched" under the matching concept?
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Answer:
The answer is: developed a global web of value creation activities
Explanation:
By developing a web of international suppliers, Lenovo can benefit from lower prices and better quality products. For example, the computers are designed in the US and the microprocessor are also built there. Since costs in the US are higher than those in southern Asia, high quality components are produced there. Other components that are more "common or average" technology can be supplied by manufacturing firms in cheaper countries like Malaysia and Thailand.
Answer:
cash <u>used</u> for investing activities 19,000
Explanation:
The indirect mehtod impact the calculations for operating activities.
The investing and financing activities balance will be the same on both method.
Investing activities: purchase and sale of long term assets and securities trading:
proceeds from sale of equipment 48,000
purchase of equipment (67,000)
cash <u>used</u> for investing activities 19,000