Which of the following is the first stage of the internationalization process that can induce firms to enter the international arena?
A) no regular export activities
B) export via independent representatives (agents)
C) establishment of one or more sales subsidiaries
D) establishment of production facilities abroad
E) adoption of a flexible exchange rate regime
A
You might also like to view...
Sales returns affect net cash collections when a customer has the right to return a product for a refund, and the firm can reasonably estimate the amount of returns at the time of sale, U.S. GAAP and IFRS
a. require that the firm use the allowance method to estimate and recognize the effects of returns. b. the selling firm debits a revenue contra account for expected returns to reduce current period revenues to the estimated amount that will not be returned. c. require that the firm measures revenues based on the amount of cash it expects to collect from current period sales. d. preclude revenue recognition when customers have the right to return goods unless the firm can reasonably estimate the amount of returns. e. all of the above
Last year, Brown Manufacturing had a contribution margin ratio of 40%. This year, fixed expenses are expected to remain at $50,000 and sales are expected to increase by $90,000. What should the contribution margin ratio be this year if the company wishes to increase net operating income by $31,500?
A) 78.75% B) 40.00% C) 35.00% D) 55.56%
Chris was driving a car with defective brakes very slowly down Fifth Avenue looking for a parking place. Mindy jumped out into the street five feet in front of his car. Chris could not help but hit her. What is Chris's best defense to the charge of negligence?
a. Mindy had a mental deficiency. b. He was not negligent since he did not have a statutory duty to keep his brakes in top condition. c. Mindy crossed in the middle of the street, which is against the law. d. He was lawfully seeking a parking place and did not see her jump out.
When a release of hazardous chemicals from a site occurs, potentially responsible parties can avoid liability through transfer of ownership.
Answer the following statement true (T) or false (F)