Has looking beyond U.S. borders been a profitable experience for U.S. corporations?
What will be an ideal response?
Many U.S. companies, including General Electric, IBM, Walt Disney, and American Express, have restructured their
operations to expand internationally. The bottom line is that what you think of as a U.S. firm may be much more of a
multinational firm than you would expect. For example, Coca-Cola earns around 60 percent of its profits from
overseas sales, and this is not uncommon for numerous U.S. firms.
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A system of words represented by symbols and used for a common purpose by a group of people is called (a) ______.
a. tongue b. symbols c. language d. semantics
Apple's iPod has been called "one of the greatest consumer electronics hits of all time." iPods have been sold in huge numbers, and Apple captures a large share of the music player market
This success has attracted many large, resourceful competitors. The iPod is in the ________ stage of the product life cycle. A) introduction B) growth C) maturity D) decline E) adoption
A(n) ____ can store and handle multiple values of different data types as one unit.
A. composite data type B. collection C. record D. block
Loonis Inc. and Rhea Company formed LooNR Inc. by transferring business assets in exchange for 1,000 shares of LooNR common stock. Loonis transferred assets with a $820,000 FMV and a $444,000 adjusted tax basis and received 820 shares. Rhea transferred assets with a $180,000 FMV and a $75,000 adjusted tax basis and received 180 shares. Determine Loonis and Rhea's tax basis in their LooNR stock and LooNR's aggregate tax basis in the transferred assets.
A. Loonis' basis is $444,000; Rhea's basis is $180,000; LooNR's basis is $624,000. B. Loonis' basis is $444,000; Rhea's basis is $75,000; LooNR's basis is $1 million. C. Loonis' basis is $444,000; Rhea's basis is $180,000; LooNR's basis is $1 million. D. None of the above