The following are common problems that multinational companies (MNCs) face in attempting to control their overseas operations except:
A. basic philosophic conflicts exist about objectives and policies of foreign operations, largely because of cultural differences between home- and host-country managers.
B. the objectives of the foreign operation and the corporate objectives are similar.
C. amount of experience and competence in planning are widely diverse among foreign chief executive officers (CEOs).
D. the objectives of joint-venture partners and corporate management conflict.
Answer: B
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The following Income Statement and Operating Cash Flow information pertain to Receivership Inc.'s operations for the year ended December 31, 2018.Income statement for the year ended December 31, 2018Revenues 1,328 Cost of goods sold 587 Rent expenses 152 Wages expenses 136 Insurance expenses 53 Other SG&A (includes depreciation expenses) 198 Interest expenses 30 Gain on sale of asset (5) 1,151 Income before tax 177 Tax 62 Net income 115 Cash flow provided by operating activities(indirect method), for the year ended December 31, 2018Net income 115 Depreciation 32 Gain on sale of
asset (5) 142 Increases/decreases in Accounts receivable 26 Inventories (35) Prepaid rent 13 Accounts payable 28 Wages payable (20) Tax payable 5 Interest payable (2) Advances from customers (3) Other accrued SG&A 5 17 Net cash provided by operating activities 159 Required: Prepare the net cash flow from operating activities section of the cash flow statement using the direct method. What will be an ideal response?
The income statement helps users
A) assess the company's risk. B) review the impact of economic factors affecting the company. C) compare and contrast performance against a competitor. D) All of these answer choices are ways in which the income statement helps users.
Which of the following is NOT a cost concept commonly used in applying the cost-plus approach to product pricing?
A) Total cost concept B) Product cost concept C) Variable cost concept D) Fixed cost concept
One potential advantage of financing corporations through the use of bonds rather than common stock is
A) the interest on bonds must be paid when due B) the corporation must pay the bonds at maturity C) the interest expense is deductible for tax purposes by the corporation D) a higher earnings per share is guaranteed for existing common shareholders