Discuss the three environments in which an international company operates.
What will be an ideal response?
Answers may vary, but should address each of the three kinds of environments that firms operating across borders must deal with: domestic, foreign, and international. The domestic environment involves all of the uncontrollable forces originating in the home country that surround and influence the firm's life and development. The foreign environment involves all of the uncontrollable forces originating outside the home country that surround and influence the firm. The international environment involves the interaction between domestic and foreign environmental forces, or between sets of foreign environmental forces.
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Castillo Services paid K. Castillo, the sole shareholder of Castillo Services, $5,700 in dividends during the current year. The entry to close the dividends account at the end of the year is:
A. Debit Dividends $5,700; credit Cash, $5,700 B. Debit Dividends $5,700; credit Retained earnings $5,700 C. Debit Retained earnings $5,700, credit Salary Expense $5,700 D. Debit Retained earnings $5,700; credit Dividends $5,700 E. Debit Income Summary $5,700; credit Retained earnings $5,700
The Morris Corporation acquired land, buildings, and equipment from a bankrupt company at a lump-sum price of $180,000 . At the time of acquisition, Morris paid $12,000 to have the assets appraised. The appraisal disclosed the following values: Land .................................................. $120,000 Buildings ............................................. 80,000 Equipment
............................................. 40,000 What cost should be assigned to the land, buildings, and equipment, respectively? a. $64,000, $64,000, and $64,000 b. $90,000, $60,000, and $30,000 c. $96,000, $64,000, and $32,000 d. $120,000, $80,000, and $40,000
There are several types of adjustments required to compute cash flow from operations from net income. One adjustment is an addition to net income each year for _____ because it uses no cash during that period
a. payments to employees b. payments to suppliers c. tax payments d. depreciation and amortization e. none of the above
In the United States, younger workers are:
A. Significantly less likely to belong to a union than older workers. B. Significantly more likely to belong to a union than older workers. C. Slightly less likely to belong to a union than older workers. D. As likely as older workers to belong to a union.