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olasank [31]
3 years ago
13

Scenario: Sports Stuff Inc. Herb Graham is vice president of Sports Stuff Inc., a business that develops, manufactures, and mark

ets sports products. The company is looking to expand its operations into the European market. Herb believes that if the company expands its product line to include products reflecting sports that are popular in Europe, the company will achieve success there. The board of directors of Sports Stuff is concerned with the firm's lack of experience in foreign markets. To minimize this problem, Herb recommends that the firm create a ________ with a local partner.
Business
1 answer:
Vladimir79 [104]3 years ago
5 0

Answer:

Joint venture

Explanation:

A joint venture can be defined as a business arrangement in which two parties come together to achieve a purpose by combining resources of both parties.

A joint venture involves joint ownership of the business.

A joint venture is good because it helps with sharing of liabilities with a partner, access to knowledge, etc.

Cheers

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as a young entrepreneur, how can you show the responsible ways of purchasing activities on any possible situations you may consi
Helen [10]

Answer:

There are several ways in which a young entrepreneur can carry out purchasing activities responsibly, including:

1. Measured production of inventory or units of products- If an entrepreneur is producing bicycles for instance, (s)he should only spend on inventory that (s)he anticipates will be sold to customers or purchased by retailers. For example, let's assume that the entrepreneur has a purchase order from a retailer such as K-Mart for 500 bicycles. In this case the entrepreneur should only produce around 550 bicycles rather than 700 or 1000 bikes, thus, purchasing supplies and producing inventory in accordance with demand for his/ her bicycles.

2. Lowering costs of production where possible- Firstly, this can be done by purchasing supplies and materials for inventory in bulk. Secondly, the entrepreneur could outsource the manufacturing of his/her product to countries (such as China) where production costs are significantly cheaper.

4 0
3 years ago
Southland Company is preparing a cash budget for August. The company has $16,300 cash at the beginning of August and anticipates
Vesna [10]
Please answer please please thank you
6 0
2 years ago
The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $68,188 Common Stock $10,959
Sliva [168]

Answer:

Total assets next year are $186670

Explanation:

The basic accounting equation states that Total assets are always equal to the sum of Total liabilities and total equity. Thus, the total assets of the company this year are,

Total assets - this year = 68188 + (10959 + 86023)

Total assets - this year = $165170

The net income generated by a company is used for two purposes. The company can either pay out dividends from it or retain it in the business or do both. The retained net income will increase the amount of retained earnings and thus the total equity.

Retained earnings for next year = 36500 - 15000  = $21500

Thus, total assets for next year are,

Total assets next year = Total assets this year + change in retained earnings

Total assets next year = 165170 + 21500     = $186670

6 0
3 years ago
Read 2 more answers
Digit designs manufactures high-quality gloves and other accessories. it already uses both computer-aided design and computer-ai
Sloan [31]

Answer:

computer integrated manufacturing

Explanation:

Computer integrated manufacturing is a method that uses entirely computer based manufacturing to produce goods. CIM is the way that individual processes are made to communicate with one another to properly automate production.

William is interested in using computer integrated manufacturing to create communication between computer-aided design system and computer-aided manufacturing system.

8 0
3 years ago
Use the following information regarding the Newcastle Corporation to prepare a statement of cash flows using the indirect method
diamong [38]

Answer and Explanation:

The preparation of the cash flow statement is presented below;

Cash Flows from Operating activities  

Net income $174,720  

Adjustments made

Less: Accounts payable decrease ($9,100)  

Less Accounts receivable increase ($12,740)  

Less: Wages payable decrease ($5,460)  

Add: Amortization expense $29,120  

Add: Depreciation expense $70,980  

Less: Gain on sale of equipment ($25,480)  

Less: Inventory increase ($23,660)  

Less; Prepaid expenses increase ($14,560)  

Net Cash Flows from Operating activities  $183,820

Cash Flows from Investing activities  

Cash paid to purchase land ($182,000)  

Add: Cash received from the sale of equipment $21,840  

Net Cash flows from Investing activities  ($160,160)

Cash Flows from Financing Activities  

Cash paid as dividends ($10,920)  

Less; Cash paid to retire bonds payable at par ($136,500)  

Add: Cash received from the issuance of common stock $81,900  

Net Cash Flows from Financing activities  ($65,520)

Net Increase (Decrease) in Cash  ($41,860)

Add: Cash balance, January 1  $54,600

Cash balance, December 31  $12,740

6 0
3 years ago
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