The trend for firms in regard to country risk assessment (CRA) is to
A. concentrate much more on CRA in making decisions about foreign activities.
B. avoid it as an added cost in competitive markets.
C. use CRA in obviously dangerous locations, but only in those situations, to control costs.
D. hire consultants to reduce CRA insurance costs.
Answer: A
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A company hoping to protect its trade secrets from being stolen by a foreign company can seek relief under the Trade-Related Aspects of Intellectual Property Rights (TRIPs) agreement
Indicate whether the statement is true or false
Marina Corp. applied overhead to jobs during the period as follows: Jobs finished and sold$46,000 Jobs started and in process 54,000 Jobs finished and unsold 100,000 The application of overhead has resulted in a $5,600 credit balance in the Factory Overhead account. The entry to dispose of this remaining factory overhead balance is:
A. Debit Factory Overhead $5,600; credit Cost of Goods Sold $5,600. B. Debit Factory Overhead $5,600; credit Work in Process Inventory $5,600. C. Debit Cost of Goods Sold $5,600; credit Factory Overhead $5,600. D. Debit Work in Process Inventory $5,600; credit Factory Overhead $5,600. E. No entry is needed.
Under the ________ inventory accounting system, each purchase, purchase return and allowance, purchase discount, and transportation-in transaction is recorded in a separate 151 Copyright ©2018 McGraw-Hill temporary account.
What will be an ideal response?
On January 1, Year 1, Mayer Corporation signed a contract to perform $25,000 worth of services for Phips Company over the next three years. Which of the following indicates the effects of this event on the Year 1 income statement and statement of cash flows of Mayer Corporation? Cash FlowsNet IncomeOperatingInvestingFinancing
A.
| NA | NA | NA | 25,000 |
B.
| 25,000 | 25,000 | NA | NA |
C.
| 25,000 | NA | 25,000 | NA |
D.
| NA | NA | NA | NA |