Which of the following is the best example of the competitive driver of international business activity?
A. A manufacturing company that lobbies its home country government for protection against imports.
B. A company that searches for markets with rising gross domestic product per capita and population growth.
C. A company that hires a host country manager to satisfy legislation that limits the number of expatriates that can be employed.
D. A company that expands its local manufacturing facility in a foreign country in order to qualify for tax rebates.
E. A company that enters a foreign competitor's home market to distract them.
Answer: E
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The following information comes from the balance sheets and income statements of Crosby Co.: As of or for the Year ended December 31 Current YearPrior YearCash$24,000 $20,000 Accounts receivable 38,000 44,000 Inventory 64,000 50,000 Property and equipment 224,000 218,000 Current liabilities 88,000 80,000 Long-term liabilities 106,000 100,000 Stockholders' equity 156,000 152,000 Net sales revenues 680,000 630,000 Cost of goods sold 440,000 420,000 Operating expenses 160,000 150,000 Interest expense 10,000 8,000 Income tax expense 18,000 16,000 What is the times interest earned ratio for the current year?
A. 2.2 B. 5.2 C. 8.0 D. 6.2
In a short essay, list and discuss five of the seven deadly sins described as one of the founding areas of guidance for those unsure about their ethical standing.
What will be an ideal response?
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If inventory turnover is too slow, a company may be unable to sell goods or it may be understating merchandise inventory
Indicate whether the statement is true or false