Worldwide Minerals Inc. wants to expand into the international market. It does not want to spend a very large amount of money for this process. However, Worldwide Minerals wants to maintain some control in the foreign market. Which of the following would be the best entry mode for this firm?

A. exports
B. joint ventures
C. acquisitions
D. greenfield operations


Answer: B

Business

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Cartel Inc owns 35 percent of Elliott Corporation. During the calendar year 2014, Elliott had net earnings of $300,000 and paid dividends of $36,000 . Cartel mistakenly accounted for the investment in Elliott using the cost method rather than the equity method of accounting. What effect would this have on the investment account and net income, respectively?

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Business

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Business

The July production of Bait Buckets for Flying Angler's Supply Division consisted of batch X337 (2,000 deluxe) and batch Z444 (4,000 basic). Each batch was started and finished during July, and there was no beginning or ending work in process. Costs incurred were as follows: Direct Material: Batch X337, $42,000, including $2,500 for packaging material; batch Z444, $45,000. Conversion Costs: Preparation Department, predetermined rate of $7.50 per unit; Finishing Department, predetermined rate of $6.00 per unit; Packaging Department, predetermined rate of $.50 per unit. (Only the deluxe buckets are packaged.)  Required:1. Compute the July product cost for each type of bait bucket. 2. Prepare journal entries to record the cost flows during July. 

What will be an ideal response?

Business