Globalization is the increase in the flow of goods, services, capital, people, and ideas across international borders. Globalization changes the way nations, businesses and people interact. Specifically, it changes the nature of economic activity among nations, expanding trade, opening global supply chains and providing access to natural resources and labor markets.
Answer: Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale.
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DEF Ltd is a global leader in the manufacture, integration and support of networking and telecommunications systems. The company sells broadband wireless products and a line of handset equipment to operators in emerging and established telecommunications markets worldwide. The auditor reported material weaknesses in the company’s internal controls to the audit committee. Significant deficiencies related to revenue and deferred revenue accounts and the associated cost of sales were noted. These material weaknesses were evidenced by the identification of six separate transactions aggregating approximately $5 million in which revenue was initially included in the Company’s financial statements before all criteria for revenue recognition were met. In addition, there were other transactions for which there was insufficient initial documentation for revenue recognition purposes, but which did not result in any adjustments to the Company’s financial statements. If unremediated, these significant deficiencies have the potential of misstating revenue in future financial periods. The Company’s planned remediation measures reported to the audit committee include the following: a. The Company plans to design a contract review process in China requiring financial and legal staff to provide input during the contract negotiation process to ensure timely identification and accurate accounting treatment of nonstandard contracts.
Answer:
DEF Ltd is a global leader in the manufacture, integration and support of networking and telecommunications systems. The company sells broadband wireless products and a line of handset equipment to operators in emerging and established telecommunications markets worldwide. The auditor reported material weaknesses in the company’s internal controls to the audit committee. Significant deficiencies related to revenue and deferred revenue accounts and the associated cost of sales were noted. These material weaknesses were evidenced by the identification of six separate transactions aggregating approximately $5 million in which revenue was initially included in the Company’s financial statements before all criteria for revenue recognition were met. In addition, there were other transactions for which there was insufficient initial documentation for revenue recognition purposes, but which did not result in any adjustments to the Company’s financial statements. If unremediated, these significant deficiencies have the potential of misstating revenue in future financial periods. The Company’s planned remediation measures reported to the audit committee include the following: a. The Company plans to design a contract review process in China requiring financial and legal staff to provide input during the contract negotiation process to ensure timely identification and accurate accounting treatment of nonstandard contracts.
Identity 2 reasons why it is important for a young adult to establish credit.
Explanation:
Establishing credit is essential for young adults, as it involves supporting their financial needs in the long run.
Reason 1: Establishing credit reflects a borrower's creditworthiness.
When you apply for a credit card, acquire a vehicle through financing, and even renting an apartment or buying a home all involves the creditors looking at the timeliness of your payments. Credit cards or any type of loans are forms of debt (liabilities). Creditors are also in the business of making money. Thus, they want to make sure that they are loaning their funds to a trustworthy borrower.
The creditors try to determine whether you are only making minimum payments on your credit card, or if you're paying your debt in full by the due date. All of these factors reflect on your responsible use of finances and creditworthiness, which are the basis of your credit score as a borrower or debtor. If your're making your payments on time and are reasonably paying for your debt, then you're able to build up your credit history. Hence, the creditors will see you in a positive light the next time you apply for a loan. The higher your credit score, the lower your interest rates will be.
Reason 2: Employers run credit reports on job applicants.
Creditworthiness as a reflection of an individual's financial responsibility also has a positive bearing on how an employer views you as a prospective employee. Employers want to hire trustworthy and reliable individuals. Thus, financial responsibility is highly relevant, especially when you're applying for positions that involve handling money or finances as a part of your job.
monotheism
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Answer:
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Explanation:
Becky Martinez owns stock in GBX Corporation. The GBX stock has a market value of $91,000 a share. If Becky receives $35,000.00 a year in dividends, what is the current yield? (Round your answer to 2 decimal places.)
Answer:
12.07%
Explanation:
Kiwi Airlines has fixed operating costs of $5.8 million, and its variable costs amount to 20 percent of sales revenue. The firm has $2 million in bonds outstanding with a coupon interest rate of 8 percent. Revenues for the firm are $8 million and the firm is in the 40 percent corporate income tax bracket. What is the firm's degree of financial leverage
Kiwi Airlines' degree of financial leverage is 1.36.
Data and Calculations:
Fixed operating costs = $5.8 million
Revenue = $8 million
Variable costs = 20% of sales = $1.6 million ($8 x 20%)
Earnings before interest and taxes = $600,000 ($8 - $5.8 - $1.6 million)
Bonds outstanding = $2 million
Coupon interest rate = 8%
Interest expense = $160,000 ($2,000,000 x 8%)
Earnings before taxes = $440,000 ($600,000 - $160,000)
Corporate income tax = 40%
Income Tax Expense = $176,000 ($440,000 x 40%)
Net Income = $264,000 ($440,000 - $176,000)
Degree of financial leverage = earnings before interest and taxes/earnings before taxes
= $600,000/$440,000
= 1.36
Thus, Kiwi Airlines' degree of financial leverage is 1.36.
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Does anyone know what are the ratios used to analyze the financial statements of banks?
Answer:
Banking Financial Ratios
Among the key financial ratios, investors and market analysts specifically use to evaluate companies in the retail banking industry are net interest margin, the loan-to-assets ratio, and the return-on-assets (ROA) ratio.
Explanation:
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Exercise 10-10 (Algo) Keep or replace LO P5 Lopez Company is considering replacing one of its old manufacturing machines. The old machine has a book value of $47,000 and a remaining useful life of five years. It can be sold now for $57,000. Variable manufacturing costs are $47,000 per year for this old machine. Information on two alternative replacement machines follows. The expected useful life of each replacement machine is five years. Machine AMachine B Purchase price$ 118,000$ 131,000 Variable manufacturing costs per year21,00014,000 (a) Compute the income increase or decrease from replacing the old machine with Machine A. (b) Compute the income increase or decrease from replacing the old machine with Machine B. (c) Should Lopez keep or replace its old machine
a. The income increase or decrease from replacing the old machine with Machine A is $69,000.
b. The income increase or decrease from replacing the old machine with Machine B is $104,000.
c. Lopez company should choose "Alternative B" Machine.
a. Alternative A
Increase or decrease in net income - Lopez Company
Cost to buy new machine -$118,000
Cash received to trade in old machine $57,000
Reduction in variable manufacturing cost $130,000
[($47,000- $21,000)×5]
Total change in net income $69,000
b. Alternative B
Increase or decrease in net income - Lopez Company
Cost to buy new machine -$118,000
Cash received to trade in old machine $57,000
Reduction in variable manufacturing cost $165,000
[($47,000- $14,000)×5]
Total change in net income $104,000
c. Lopez company should choose "Alternative B" Machine.
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what is the biggest tower in the world.
Answer:
The Burj Khalifa, located in Dubai, has held its number 1 ranking, as the tallest building in the world, since 2010. It still is, as far as I know, the tallest building in the world, as of today, and sits approximately 2,717 ft tall.
Explanation:
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While some brokers still operate exclusively in person or online, the distinction between the three types has become increasingly
The practice of brokers transacting business online have been more increasing in recent time.
Brokers refers to individual or a firm acts as intermediaries between the buyer and seller for commission in return when executed.
Typically, the brokers provides various intermediary services in different field. For example, acting as intermediaries for investment, obtaining loan, purchasing real estate, purchasing insurance policy etc
While some brokers provides their services in contact with clients, some brokers provide their services online.
In conclusion, the practice of brokers transacting business online have been more increasing in recent time.
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How is it possible for a company to show positive net income but go bankrupt? Give one example.
Given the following probability distribution:
X
1
2
3
4
P(X=x)
0.14
2m
0.32
m
What is the Expected Value of X ?
The expected value of x in the probability distribution is given as 0.82
How to find the expected value of XWe are to find the M value for ∑P(x) = 1
such that we would have
0.14 + 2m + 0.32 + m = 1
We have to sum up the equation that we have above
0.14 + 0.32 + 2m + m = 1
0.46 + 3m = 1
3m = 1 - 0.46
3m = 0.54
divide through by 3
m = 0.54 / 3
= 0.18
0.14 + 0.18 * 2 + 0.32 = 0.82
Hence the probability distribution has the expected value of X as 0.82
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Competition, channel members, costs, customers, and company objectives are the five critical components of ______. Multiple choice question. variety quality pricing promotion
It should be noted that competition, channel members, costs, customers, and company objectives can be referred to as the components of pricing.
Pricing simply means the process where a business sets the price at which it sells its goods and services. It is the process by which a business sets the price at which the company will sell its product.
Competition, channel members, costs, customers, and company objectives are the five critical components of pricing. The components are vital to determining an effective price.
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An organization's mission differs from strategic planning in that strategic planning is the basic purpose of the organization
while the mission involves establishing the goals and objectites of the organization.
(A True
B) False
what is the main goal of people who work in the career feild of human services
purpose of business functions
Answer:
Business functions provide the vocabulary and framework needed to provide an enterprise-wide view of the business activities. They help to identify the main activities of the organization
purpose of business functions.
Business functions provide the vocabulary and framework needed to provide an enterprise-wide view of the business activities. They help to identify the main activities of the organization.#CarryOnLearning
Steve is the VP of marketing, and Garth is a computer operator. They have lunch together regularly because both have three-year-old twins who are a handful and they enjoy sharing stories about their kids. Their lunchtime conversations are ____________________________.
a. personal networking
b. horizontal communication
c. downward communication
d. upward communication
Based on the information given, it can be inferred that their lunchtime conversations are personal networking.
Personal networking simply refers to the development of relationships with groups or people with whom a person has similar interests.
It should be noted that personal networking is important for getting fresh ideas, exchanging information, allowing individuals to gain new insights, etc.
In conclusion, Steve and Garth are engaging in personal networking.
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Answer:
a. personal networking
Explanation:
Steve and Garth are engaged in personal networking. They are not in a formal reporting relationship and in fact are not even in the same department, and they are not primarily discussing work. Personal networking is the acquisition and cultivation of relationships that cross departmental, hierarchical, and even organizational boundaries. Along with other personal communication channels, it coexists with formal communication channels through which work-related information flows in an upward, a downward, or a horizontal direction as determined by the organizational hierarchy.
This activity is important because the final price serves many functions for the firm. The final price must be high enough to cover the firm's costs and achieve the firm's objectives, but also low enough to be attractive to consumers. To set the final price, marketing managers begin with the list (quoted) price and then make price adjustments. Marketing managers use both discounts and allowances, which are reductions from the list price given, as a reward for performing an activity to arrive at the final price. The four most common types of discounts are (1) quantity, (2) seasonal, (3) trade (functional), and (4) cash. The goal of this activity is to demonstrate your understanding of the four types of discounts used by sellers.
Select the most appropriate category of discount for each of the eight examples below.
1. Chiquita encourages Smoothie King to pay its bills for bananas quickly by offering a 3% discount on bills that are paid within 7 days.
2. To encourage Target Stores to place its orders for bagged candy well before the trick-or-treat season, Hershey offers a low price on Reese's Peanut Butter Cups for orders placed before June.
3. Radio Flyer tries to get toy stores to order snow sleds and saucers in May by temporarily lowering the retailer's cost for its outdoor snow toy line.
4. Costco can purchase up to 1000 pallets of water from the manufacturer for $300 per pallet, but the costs drops to $275 per pallet for orders of 1001 or more pollets.
5. To get bills for its storage products paid quickly, Rubbermaid offers a 1% discount on bills that are paid in full within 10 days.
6. Pepsi offers a grocery store a reduction in the pallet price of Pepsi products in exchange for the store setting up a large football- themed display at the front of the store.
7. Consumers can buy a four-pack of Dove White Beauty Bars for $5.49 or they can buy an eight-pack of the same soap for $8.49.
8. Haggar offers Kohl's a reduction in the cost of its Men's Cool 18 Flat Front Pants in exchange for Kohl's running local advertising featuring Haggar products.
The types of discounts and their examples are displayed below:
Discount Category Example
Cash 1. Chiquita's 3% discount for payment within 7 days.
Seasonal 2. Hershey's offers of a low price for orders placed
before June.
Seasonal 3. Radio Flyer's lowered retailer's costs to encourage
toy stores to order in May.
Quantity 4. Reduced cost per pallet for orders above 1,000
pallets.
Cash 5. Rubbermaid's offer of 1% discount on bills paid
within 10 days.
Trade 6. Pepsi's offer to a grocery store of reduced pallet
price in exchange of a large football-themed display.
Quantity 7. Buying eight-pack Bars for $8.49 instead of a four-
pack Bars for $5.49.
Trade 8. Haggar's offer of reduced cost in exchange for
Kohl's running local advertising with Haggar products.
Thus, each category of discounts has specific purposes it achieves.
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what are advantages of books of prime entry
Answer:
It is easy to post transactions to the ledger accounts after recording them in the prime entry books.
Reduce the number of entries posted in the ledger because the totals of prime entry books are posted to the ledger.
Minimize accounting errors and it is easy to find out such errors.
Explanation:
Lexie also wishes to contact people or organizations as referees for job candidates to fill strategic positions in the organizations. Discuss two to three limitations of referee reports placed on management or organizations for job candidates. How do organizations cope with this burden?
Two to three limitations of reports from arbitrators placed in administration or organizations for job applicants are related to possible bias in relation to candidate characteristics and lack of knowledge of the organization.
An arbitrator's report may contain the fundamental attribution error, referring to characteristics of former contributors, which may not always reflect reality.
The lack of alignment with the organizational culture can also be a limitation of referee reports, as the report can influence a previous decision without a complete basis.
Therefore, it is necessary that reports from referees placed in the administration for job applicants be analyzed as an extra tool in the recruitment and selection process, as it is more effective for companies to base their selection methods on their culture, mission and values.
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1. Did any Enron employees act Unethical in any manner? If so, give specific
examples.
Enron faced an ethical accounting scandal in 2001 after using “mark-to-market” accounting to fake their profits and misused special purpose entities, or SPEs. Enron worked to make their losses seem less than they actually were, and “cooked the books” to make their income look much higher than it was.
The Americans with Disabilities Act of 1990 (40 points and brainliest pls help but you have to be correct)
a
gives preference to applicants with disabilities over other applicants
b
offers employees with disabilities more rights in the workplace
c
prevents employment discrimination of applicants with disabilities
d
provides additional pay to employees with qualified disabilities
Explain the role of values in the making of business ethics.How these can be incorporated in working out business strategy?
it helps by making the plan to start everything offExplanation:
"You are a manager, and you are meeting with your boss to discuss your development plan. You have decided to benchmark Camp Bow Wow founder and “top dog” Heidi Genahl. Using her as a role model, you will identify the components of her leadership style that make it effective and adopt them to improve your own leadership ability."
Complete the following passage in the most appropriate way.
Sue Ryan says about Heidi that “her passion for this business comes out all over the place.” Sue says it’s “contagious” and got Sue excited about buying a franchise. Heidi ________1_________. To be like Heidi, you need to __________2_________.
Blank 1
A. is a leadership substitute
B. has a high-task, low-relationship style
C. is a charismatic leader
D. is a conformist
Blank 2
A. communicate that work is all about achieving goals
B. have a professional orientation and sufficient training
C. obey orders without question
D. have a compelling vision and communicate it properly
Answer:
BLANK 1. (B)
BLANK 2. (D)
First question
Business3 minutes ago
Answer:
??
Explanation:
where is the question brother
Your friend points to the wages earned by your economics professor and her teaching assistant (TA) as an example of income inequality. Your tenured professor earns $120,000 , drives a BMW, and vacations in Europe, whereas your TA earns $10,000 per year, rides a bike, and vacations at his mom's house. Because they both teach for a living, your friend argues that this income inequality is not just. Which reply uses the economic life cycle to respond to your friend's argument? Your professor has many more responsibilities than your TA and is, therefore, paid more. Your professor and TA earn different amounts now but they will have similar earnings over the course of their lives. Your professor was once a TA, and your TA will one day make better money. Older workers typically have more expenses than younger workers due to the high cost of healthcare and other costs that occur later in the life cycle. The differences in wages occur because older workers need more money than younger workers. Your professor has more bargaining power than your TA and, therefore, has higher earnings.
Answer:
Your professor and TA earn different amounts now but they will have similar earnings over the course of their lives. Your professor was once a TA, and your TA will one day make better money.
Explanation:
The cycle, which represents that the economics professor was once a TA and the TA will become a b, represents the economic life cycle. Thus, option C is correct.
What are wages?Wages is said to be the payment provided to the workers who are working by the employer. The rate at which the wages depend upon can be different according to the job done, as different job have different rates. it can be monthly, hourly, or weekly.
When the friends were talking they were discussing on the payments of the economic professor who earned $120000 and lives with full luxury, and the TA (teaching assistance) who earned $10000 only and lives and adjust in that amount.
But that does not mean that the TA income will be constant and won't increase, as he will also one day become professor and earn that amount and the professor also had low income in life as he was also a TA once. that depicts the economic cycle of income and expenses. Therefore, option C is the correct option.
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Congressional Airlines was highly profitable operating flights between Washington, D.C., and New York City. The directors approved a plan to offer flights from Washington to Boston. This decision turned out to be a major mistake, and the airline ultimately went bankrupt. Under what circumstances would shareholders be successful in bringing suit against the directors
The shareholders of Congressional Airlines would have been successful in their suit against the directors when the deed had not been executed by filing duty-of-care, duty-of-loyalty, business-judgment rule, or derivative suit.
The shareholders could have stopped the directors by asking the court to mandate the directors not to carry through with their Boston flight plan. This action could have prevented the Airline from going bankrupt. Courts also entertain such suits when the rights of the shareholders would suffer harm by the directors' actions.
In this case, the shareholders would not be successful in bringing the suit against the directors because they acted in the ordinary line of their duties without intending to harm the shareholders' interest.
Thus, the circumstance that shareholders would be successful in such a lawsuit against directors is at the initial stage before the plan was put into action or immediately after, not when the Airline had become bankrupt.
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Early in 2021, the Excalibur Company began developing a new software package to be marketed. The project was completed in December 2021 at a cost of $6 million. Of this amount, $4 million was spent before technological feasibility was established. Excalibur expects a useful life of five years for the new product with total revenues of $10 million. During 2022, revenue of $3 million was recognized. Required: 1. Prepare a journal entry to record the 2021 development costs. 2. Calculate the required amortization for 2022. 3. Determine the amount to report for the computer software costs in the December 31, 2022, balance sheet.
Answer:
The option to delete your account can be found in your Profile Settings under Privacy. Click on the box labeled I want to delete my account, and the request will be sent for the account to be deleted.
During 2021, Stork Associates paid $55,800 for a 20-seat skybox at Veterans Stadium for eight professional football games. Regular seats to these games range from $55 to $165 each. At one game, an employee of Stork entertained 18 clients. Stork furnished food and beverages for the event (provided by a local restaurant) at a cost of $3,400. The game was preceded by a bona fide business discussion, and all expenses are adequately substantiated. How much may Stork deduct for this event
Based on the information given if all the expenses are adequately substantiated. The amount that Stork can deduct for this event is $3,350.
Stock deduction
Costs of seats $3,300
($165x20)
Food and beverage $3,400
Total Entertainment expense $6,700
($3,300+$3,400)
Less 50% Limitation
Deduction $3,350
($6,700×.50)
Inconclusion the amount that Stork can deduct for this event is $3,350.
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Click on the Bloomberg
screen to examine refining
margins for US Mid-Continent
Topping refineries. What is the
overall margin trend across all
crude oil grades?
Answer:
It is mostly declining
Explanation:
..
US refining margins mostly trended slightly lower for the week ended April 23 but recovered from a midweek slump on a rosier picture for transportation fuels going forward, ending the week on an upward trajectory, and analysis from S&P Global Platts showed on April 26.
What does OPEC mean?
The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.
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Michelle owns an independent bookstore and has observed that college graduates read more than people without degrees. She is considering offering a 10% discount on book purchases to customers who have a postsecondary degree. Why might Michelle's plan hurt rather than help her business
Considering the situation described in the question, the reason Michelle's plan might hurt rather than help her business is that "People who read more books are likely to have a higher willingness to pay than others."
This is because people with postsecondary degree encompasses college graduates; as such, people like that would buy more of her books than people that doesn't like to read.
However, since she will be selling at a discount to postsecondary degree people, this would lead to a loss in the long run since most of her books would be sold at discounts.
Hence, in this case, it is concluded that Michelle should instead sell books at discounts to people without degrees than people with degrees.
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