One global trend that offer business opportunity in the global market place today is THE RECONFIGURATION OF GLOBAL POWER RELATIONSHIPS. Different countries of the world are in good relationship with one another today more than ever before. This creates opportunities for trade among these countries and give companies opportunities to expand their businesses to other countries of the world.
Answer:
C. a derived demand.
Explanation:
Derived demand is a rise in the demand of a product due to the increase in demand for related or intermediate goods. If two distinct goods or services are used together, a rise in the demand of one will cause the demand for the other to rise. Products or services used together are called complementary goods.
Derived demand is primarily as a result of the usage of a product in the production or consumption of other goods or services. In this case, the demand for workers is solely due to a rise in the demand for cars. Should the demand for vehicles decrease, then the demand for workers will fall.
Answer:
SITUATION 1 2
a) Income tax payable currently. $14,000 $30,000
b) Deferred tax asset - balance at year-end. $1,800 $4,600
c) Deferred tax asset change dr or (cr) for the year. $800 $0
d) Deferred tax liability - balance at year-end. $0 -$1,800
e) Deferred tax liability change dr or (cr) for the year. $0 -$800
f) Income tax expense for the year. $13,200 $30,800
Explanation:
Note: See the attached excel file for all the calculations of all the answers a to f above.
Answer:
The journal entry for the issuance of the preferred stock is shown below:
Explanation:
Cash A/c..................................................Dr $30,000
Preference Stock A/c....................................Cr $10
Paid in Capital in excess of Par A/c...........Cr $29,990
Working Note:
Cash = Shares × Issued price per share
where
Shares are 1,000
Issued Price per share is $30
= 1,000 × $30
= $30,000
Preference Stock = Shares × Par price
= 1,000 × $0.01
=$ 10
Paid in Capital in excess of Par = Cash - Preference stock
= $30,000 - $10
= $29,990
<span>Derek's
company was bidding on the construction of a new penguin display at a
world-famous zoo. when putting together his bid, derek began by
determining what the zoo would be willing to pay for the structure, and
then subtracting a reasonable profit for the company. the result would
be the cost of production. for example: if price to zoo = $6 million,
and company profit margin = $2 million, the cost to produce cannot
exceed $4 million. [$6 million - $2 million = $4 million.] the
demand-based pricing strategy in this example is called target costing.
</span><span>Target costing is an approach to determine a product's life-cycle cost
which should be sufficient to develop specified functionality and
quality, while ensuring its desired profit. It involves setting a target cost by subtracting a desired profit margin from a competitive market price.</span>
