Answer:
C. Cross-cultural Competency
Explanation:
Heidi is an energy drink salesperson. When selling her firm's drinks in the United States, she emphasizes how they will give consumers the extra edge they need to get ahead in life. However, when selling them in China, she instead emphasizes how consumers will be better able to meet their family and work responsibilities. By doing this, Heidi demonstrates cross-cultural competency which refers to the skills, knowledge, expertise which enables one person in knowing about other cultures, their values, norms and ethics in order to adapt efficiently in different cross cultural atmospheres and environments. Being abbe to take care of different cultural needs and communicating with people across different cultures is one of the important skill which Heidi has demonstrated here in this particular case. Cross cultural competence enables you to develop a mutual understanding and a common ground where you can achieve your professional goals quite effectively.
Answer:
A) Comparability.
Explanation:
According to FASB, the objective of financial reporting is to provide information that is useful to existing and potential investors or creditors. One of the main uses given to financial reports is comparing one business to another. In order for the reports to be comparable, they must follow strict standards and be properly prepared.
If the reports aren't comparable, they use is extremely limited, since how else can you decide if investing in company A is a better idea than investing in company B. Comparability applies even to the same company, since you must be able to compare the financial results of different years in order to evaluate the performance of the company.
Answer:
Inventory= $5,040
Explanation:
Giving the following information:
March 1, 2021, inventory: 1,000 gallons @ $7.20 per gallon = $7,200
Purchases:
Mar. 10 600 gals @ $ 7.25
Mar. 16 800 gals @ $ 7.30
Mar. 23 600 gals @ $ 7.35
Sales:
Mar. 5 400 gals
Mar. 14 700 gals
Mar. 20 500 gals
Mar. 26 700 gals
Total units= 3,000
Total sales= 2,300
Ending inventory= 700 units
LIFO (last-in, first-out)
Inventory= 700*7.20= $5,040
Answer:
2,000,000
Explanation:
As per the accounting equation, assets are equal to equity plus liabilities.
Assets = Equity + Liabilities
For this business
Assets = 700,000 + 1,300,000
Assets = 2,000,000