Onico Inc., a luxury car company, sells the same cars and offers the same superior services in both its home country and foreign markets. The market it operates in faces low pressures for both local responsiveness and cost reductions. Which of the following strategies within the integration-responsiveness framework does Onico Inc. most likely pursue?
A. A multidomestic strategy
B. A transnational strategy
C. A global-standardization strategy
D. An international strategy
Ans: D. An international strategy
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Lassen Corporation issued ten-year term bonds on January 1, 2010, with a face value of $800,000 . The face interest rate is 6 percent and interest is payable semi-annually on June 30 and December 31 . The bonds were issued for $690,960 to yield an effective annual rate of 8 percent. The effective interest method of amortization is to be used. The entry to be recorded on December 31, 2010, for the
payment of interest (rounded to the nearest dollar) and the amortization of discount is: a. Bond Interest Expense 3,638 Unamortized Bond Discount 3,638 b. Bond Interest Expense 27,784 Unamortized Bond Discount 3,784 Cash 24,000 c. Bond Interest Expense 27,784 Cash 27,784 d. Bond Interest Expense 24,000 Unamortized Bond Discount 24,000
Consider the following average annual returns for Stocks A and B and the Market. Which of the possible answers best describes the historical betas for A and B? Years Market Stock A Stock B 1 0.03 0.16 0.05 2 ?0.05 0.20 0.05 3 0.01 0.18 0.05 4 ?0.10 0.25 0.05 5 0.06 0.14 0.05
A. bA> +1; bB = 0. B. bA = 0; bB = ?1. C. bA< 0; bB = 0. D. bA< ?1; bB = 1. E. bA> 0; bB = 1.
A nonprofit accountant is writing a comment explaining extenuating circumstances related to data reported in a statement of activities. The accountant is completing which type of financial statement?
A. addendum B. required disclosures C. notes to the financial statements D. statement of functional expenses
Which virtue helps forge connections to the larger world and help supply meaning?
A. wisdom B. love C. temperance D. transcendence