Misperceptions occur when doing business in other country
Imagine yourself as an employee of a company doing business in another country. Consider some of the misperceptions that could occur, from awkward language translations to colliding customs.
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Hayes Inc has current assets of $7500, net fixed assets of $28,900, current liabilities of $5,900 and long term debt of $18,700. What is the value of the shareholders equity account for this firm? How much is net working capital?
The president is also concerned that administrative expenses have increased because the company made a concerted effort to cut waste out of the organization.
The management of Natural Fragrance, Inc., wishes to determine the number of cases required to break even per month. The utilities cost, which is part of factory overhead.
Which of the following items cannot be found on a firm's balance sheet under current liabilities?
Today, the market interest rate on these bonds has dropped to 6%. What is the new price of the bonds, given that they now have 19 years to maturity?
Your firm's cost of goods sold (COGS) average $2,000,000 per month, and it keeps inventory equal to 50% of its monthly COGS on hand at all times. Using a 365-day year, what is its inventory conversion period?
Present the balance sheet in common-size form. (Round your answers to 1 decimal place. Leave no cells blank - be certain to enter "0" wherever required. Due to rounding, figures may not fully reconcile down a column.)
Prepare the journal entry to eliminate the over- or underapplied overhead assuming that it is not material in amount. (show calculation)
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