What is offset and why is it important in global marketing? How can it be distinguished from counterpurchase?
What will be an ideal response?
Offset is a reciprocal arrangement whereby the government in the importing country seeks to recover large sums of hard currency spent on expensive purchases such as military aircraft or telecommunications systems. Offset arrangements may also involve cooperation in manufacturing, some form of technology transfer, placing subcontracts locally, or arranging local assembly or manufacturing equal to a certain percentage of the contract value. Offset may be distinguished from counterpurchase since the latter is characterized by smaller deals over shorter periods of time. Another major distinction between offset and other forms of countertrade is that the agreement is not contractual but reflects it to memorandum of understanding that sets out the dollar value of products to be offset and the time period for completing the transaction. In addition, there is no penalty on the supplier for nonperformance. Some highly competitive sales have required offsets exceeding 100 percent of the valuation of the original sale.
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Following are selected data from the financial statements of Mother Nature Supplies: 2017 2016 Accounts receivable $ 60,000 $ 38,000 Merchandise inventory 12,000 16,000 Total assets 450,000 380,000 Net sales 380,000 270,000 Cost of goods sold 160,000 210,000 Refer to the data for Mother Nature Supplies. Which of the following would result from a vertical analysis of its income statement?
a. Accounts receivable increased $22,000 or 57.9% during 2017. b. Gross profit is 57.9% of net sales for 2017. c. Cost of goods sold increased $50,000 or 23.8% during 2017. d. Net sales increased $110,000 or 28.9% during 2017.
Explain what ethos, logos, and pathos are in terms of making public presentations and how each would function.
What will be an ideal response?
If the amount of a liability cannot be exactly determined, it should not be recorded
Indicate whether the statement is true or false
If we are producing the product or component in-house, then the total inventory-related cost on an annual basis is ______.
a. the sum of total annual setup cost and total annual holding cost less the sum of total annual stock-out cost and total annual materials purchase cost b. the ratio of the sum of total annual setup cost and total annual holding cost to the sum of total annual stock-out cost and total annual materials purchase cost c. total annual setup cost + total annual holding cost + total annual stock-out cost + total annual materials purchase cost d. the product of the sum of total annual setup cost and total annual holding cost to the sum of total annual stock-out cost and total annual materials purchase cost