Prior to World War II, countries had installed tariff barriers to save domestic jobs. Why was this strategy unsuccessful?
What will be an ideal response?
Answer: Higher tariffs depressed the demand for goods and services, which resulted in the loss of jobs.
Explanation: Higher tariffs on products depressed demand, which resulted in the loss of domestic jobs. This dynamic played a role in the unemployment of the Great Depression.
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To be successful, strategic planning should be _____
a. conducted by a planning group b. viewed as an integrated and ongoing process c. focused on short-term objectives d. focused on technology
An easement is generally described as:
a. a right to use intellectual property b. a burden on another person's estate c. a future interest in personal property d. a negative interest in personal property e. a conversionary right to personal property
Consolidated net income attributable to the shareholders of the parent for 2018 would be:
LEO Inc. acquired a 60% interest in MARS Inc. on January 1, 2018 for $400,000. Unless otherwise stated, LEO uses the cost method to account for its investment MARS Inc. On the acquisition date, MARS had common stock and retained earnings valued at $100,000 and $150,000 respectively. The acquisition differential was allocated as follows: $80,000 to undervalued inventory. $40,000 to undervalued equipment. (to be amortized over 20 years) The following took place during 2018: ? MARS reported a net income and declared dividends of $25,000 and $5,000 respectively. ? LEO's December 31, 2018 inventory contained an intercompany profit of $10,000. ? LEO's net income was $75,000. The following took place during 2019: ? MARS reported a net income and declared dividends of $36,000 and $6,000 respectively. ? MARS' December 31, 2019 inventory contained an intercompany profit of $5,000. ? LEO's net income was $48,000. Both companies are subject to a 25% tax rate. All intercompany sales as well as sales to outsiders are priced to provide the selling company with gross margin of 20%. A) $36,300. B) $33,300. C) $12,500. D) $53,200.
Some people feel that when a company engages in corporate sponsorship, their motivation to do so has very little to do with charity, but rather is focused on:
A) recruiting new employees. B) expanding into new markets. C) eliminating the competition. D) gaining market share. E) a business or marketing arrangement.