Cultural implications of international business negotiationsSolu.pdf
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Cultural differences are important to consider in international business negotiations. Negotiations involve three stages - pre-negotiation, the actual negotiation, and post-stages. External factors like laws, exchange rates, and economic growth also influence international negotiations. Successfully managing cross-cultural negotiations requires understanding the other party's culture, symbols, behaviors, and values to arrive at a mutually beneficial outcome.
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Unit1 International Negotiations and Transactions
Unit1 International Negotiations and Transactions - INTERNATIONAL AND CROSS-CULTURAL
NEGOTIATION
CROSS CULTURAL NEGOTIATION BY PANMISEM NS
Cross-cultural negotiation refers to the process of negotiating between parties from different cultural backgrounds. It introduces an entire dimension to any negotiation, including language barriers, differences in body language and dress, and alternative ways of expressing pleasure or displeasure with the elements of a deal
Recommended
Unit1 International Negotiations and Transactions
Unit1 International Negotiations and Transactions - INTERNATIONAL AND CROSS-CULTURAL
NEGOTIATION
CROSS CULTURAL NEGOTIATION BY PANMISEM NS
Cross-cultural negotiation refers to the process of negotiating between parties from different cultural backgrounds. It introduces an entire dimension to any negotiation, including language barriers, differences in body language and dress, and alternative ways of expressing pleasure or displeasure with the elements of a deal
how would you explain labor issues this to a bunch of first .pdf
how would you explain labor issues this to a bunch of first graders?
Hello Class, Domestic manufacturers will likely face various social and labor issues with their
international suppliers. The first social issue is religion. Religion plays a significant role in the
international market. For instance, social customs and business practices that would be accepted
and common in a nation that Christians dominate may be offensive and completely unacceptable
in Islamic nations. Therefore, understanding the depth and role of the influence of religion on
business practices is important to achieving successful agreements. The second social issue is
cultural norms. It is important to understand cultural differences as every country has distinct
traditions, history, customs, and code of ethics. Another issue is the language barrier since
businesses must rely on translators when communicating with international suppliers. In most
cases, translations do not normally have the same meaning resulting in misinterpretation or
misunderstanding of feelings, ideas, and expressions. The issue of gender is also vital as
international organizations have to pay attention to gender hierarchy in other countries. While the
United States has more women in higher business positions today, women still do not receive the
same respect and attention in other nations-labor issues, wages, working conditions, and labor
regulations. Understanding the cultural background of foreign suppliers is very important.
Understanding cultural backgrounds assist domestic manufacturers in communicating effectively
and respecting one another to do a successful business. People must accept and realize cultural
differences to establish strong working relationships. Culture guides values, thinking patterns,
behavior, and decision-making in business. Also, negotiating becomes difficult when dealing with
people from different nations. Developing trust needs cross-cultural understanding. Decision-
making and risk-taking customs that direct negotiations involve religious belief and status.
Familiarity with a foreign cultural background allows negotiators to understand how they conclude
and what is considered important. -Brandon Sibley.
NEGOTIATION & CONSENSUS-BUILDING STRATEGIES FOR FOREIGN-INVESTMENT PROJECTS: ...
CONFLICT PREVENTION DUE DILIGENCE: NEGOTIATION & CONSENSUS-BUILDING STRATEGIES FOR FOREIGN-INVESTMENT PROJECTS
Effective communication and negotiation skills
Effective Communication and Negotiation skills for EDX course
N Ivanov Final
Final Research Paper Based on the article by Giebels, El., Taylor, P.J. “Interaction Patterns in Crisis Negotiation: Persuasive Arguments and Cultural Differences
Use of indigenous language for conflict resolution
The theme of International Mother Language Day 2019 is "Indigenous languages matter for development, peace building and reconciliation". It has been taken with an aim to establish a link between language, development, peace, and reconciliation. It aims to improve quality of life, wider international cooperation and visibility and strengthened intercultural dialogue to reaffirm the continuity of indigenous languages and cultures.
19 Inventive Negotiations with International Customers, P
19 Inventive Negotiations
with International
Customers, Partners,
and Regulators
CHAPTER LEARNING OBJECTIVES
What you should learn from Chapter 19:
LO1 The problems associated with cultural stereotypes
LO2 How culture influences behaviors at the negotiation
table
LO3 Common kinds of problems that crop up during
international business negotiations
LO4 The similarities and differences in communication
behaviors in several countries
LO5 How differences in values and thinking processes
affect international negotiations
LO6 Important factors in selecting a negotiation team
LO7 How to prepare for international negotiations
LO8 Managing all aspects of the negotiation process
LO9 The importance of follow-up communications and
procedures
LO10 The basics of inventive international negotiations
CHAPTER OUTLINE
Global Perspective: A Japanese Aisatsu
The Dangers of Stereotypes
The Pervasive Impact of Culture on Negotiation Behavior
Differences in Language and Nonverbal Behaviors
Differences in Values
Differences in Thinking and Decision-Making Processes
Implications for Managers and Negotiators
Negotiation Teams
Negotiation Preliminaries
At the Negotiation Table
After Negotiations
Inventive International Negotiations
Conclusions
Chapter
cat29974_ch19_564-592.indd 564cat29974_ch19_564-592.indd 564 22/08/12 10:59 PM22/08/12 10:59 PM
Global Perspective
A JAPANESE AISATSU
PART FIVE
It is not so much that speaking only English is a disadvan-
tage in international business. Instead, it’s more that being
bilingual is a huge advantage. Observations from sitting in
on an aisatsu (a meeting or formal greeting for high-level
executives typical in Japan) involving the president of a
large Japanese industrial distributor and the marketing
vice president of an American machinery manufacturer
are instructive. The two companies were trying to reach an
agreement on a long-term partnership in Japan.
Business cards were exchanged and formal introductions
made. Even though the president spoke and understood
English, one of his three subordinates acted as an interpreter
for the Japanese president. The president asked everyone to
be seated. The interpreter sat on a stool between the two
senior executives. The general attitude between the parties
was friendly but polite. Tea and a Japanese orange drink
were served.
The Japanese president controlled the interaction com-
pletely, asking questions of all Americans through the in-
terpreter. Attention of all the participants was given to each
speaker in turn. After this initial round of questions for all
the Americans, the Japanese president focused on develop-
ing a conversation with the American vice president. During
this interaction, an interesting pattern of nonverbal behav-
iors developed. The Japanese president would ask a question
in Japanese. The interpre ...
Conflict and Negotiation.pptx
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Decribe RFID technology as much as you can. Do not use Google. 23 p.pdf
decreased; decreased
increased; decreased
decreased; increased
remained unchanged; remained unchanged
remained unchanged; decreaseda.
decreased; decreasedb.
increased; decreasedc.
decreased; increasedd.
remained unchanged; remained unchangede.
remained unchanged; decreased Use the following graph to answer the questions that follow.
This graph depicts an economy where aggregate demand has decreased, with no change in either
short-run aggregate supply (SRAS) or long-run aggregate supply (LRAS). The graph
accurately summarizes what happened during the Great Depression, because during that time, the
price level and real gross domestic product (GDP)
Solution
As it can be seen in the given graph, AD has shifted from AD1 to AD2.
Keeping supply constant, a fall in demand leads to a fall in both price and output.
In the given figure, price falls from P1 to P2 and output falls from Y1 to Y2.
Therefore, the correct option is (a) decreased, decreased..
Decision trees are particularly useful when A) perfect information.pdf
DECISION MAKING ACROSS THE ORGANIZATION
Martinez Company has decided to introduce a new product. The new product can be
manufactured by either a capital-intensive method or a labor-intensive method. The
manufacturing method will not affect the quality of the product. The estimated manufacturing
costs by the two methods are as follows.
Capital-Intensive Labor-Intensive Direct
Materials $5 per unit $5.50 per unit
Direct labor $6 per unit $8.00 per unit
Variable overhead $3 per unit $4.50 per unit
Fixed manufacturing costs $2,508,000 $1,538,000 Martinez\'s market research department has
recommended an introductory unit sales price of $30. The incremental selling expenses are
estimated to be $502,000 annually plus $2 for each unit sold, regardless of manufacturing
method.
Instructions With the class divided into groups, answer the following.
(a) Calculate the estimated break-even point in annual unit sales of the new product if Martinez
Company uses the: 1. Capital-intensive manufacturing method. 2. Labor-intensive manufacturing
method.
(b) Determine the annual unit sales volume at which Martinez Company would be indifferent
between the two manufacturing methods.
(c) Explain the circumstance under which Martinez should employ each of the two
manufacturing methods.
Solution
Answer:
a.) Calculation the estimated Break - even point in annual unit sales of the new product if
Martinez company uses the Capital Intensive and Labour Intensive method.
Capital IntensiveLabour Intensive
Direct material 5.00 5.50
Direct Labour 6.00 8.00
Variable Cost ( D.M + D. L) 11.00 13.50
Contribution Margin
(Selling Price - Variable Cost) (30.00 - 11.00)= 19.00 (30.00 - 13.50)=
16.50
Break - even
( Fixed Costs / Contribution Margin)($ 2,508,000 / 19) ( $ 1,538,000 / 16.50)
= $ 132,000 = $ 93,212.12
Contribution Margin Ratio
(Contribution Margin / Selling price per unit) 19.00 / 30.00 = 63% 16.50 / 30.00 =
55%
Required Sales
(Variable cost + F.C + Net Income) ( 1,452,000 + 2,508,000 + 0) ( 1,258,363.62 +
1,538,000 + .02)
= $ 3,960,000 = $ 2,796,363.60
Answer C). The Organization should implement the labor - Intensive approach perhaps when
crunched for time, example Project deadlines.The Implementation of such will result in a lower
contribution margin ratio, caused by the inreased costs in labor. In the scenario above, manager
can quickly determine the net income by keeping an eye on the contribution margin ratio.. Other
advantages from implementing the labor intensive approach are the lower fixed costs and lower
number of sales needed to break even ,caused by gain in productivity.
B).
Capital IntensiveLabour Intensive
Number of Unit sold
(Traget Profit + Fixed Costs) / Contribution Margin 2,508,000 / 19.00 1,538,000 / 16.5
= 132,000 Units = 93212.12 Units
Sales
Units Sold 132,000 93,212.12
Selling price per unit $ 30.00 $ 30.00
Total Sales Revenue $ 3,960,000 $
2,796,363.60
Cost of sales
Units Sold 132,000 93,212.12
Variable Costs per unit $ 11 $ 13.50
Total Variable Co.
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Hello Class, Domestic manufacturers will likely face various social and labor issues with their
international suppliers. The first social issue is religion. Religion plays a significant role in the
international market. For instance, social customs and business practices that would be accepted
and common in a nation that Christians dominate may be offensive and completely unacceptable
in Islamic nations. Therefore, understanding the depth and role of the influence of religion on
business practices is important to achieving successful agreements. The second social issue is
cultural norms. It is important to understand cultural differences as every country has distinct
traditions, history, customs, and code of ethics. Another issue is the language barrier since
businesses must rely on translators when communicating with international suppliers. In most
cases, translations do not normally have the same meaning resulting in misinterpretation or
misunderstanding of feelings, ideas, and expressions. The issue of gender is also vital as
international organizations have to pay attention to gender hierarchy in other countries. While the
United States has more women in higher business positions today, women still do not receive the
same respect and attention in other nations-labor issues, wages, working conditions, and labor
regulations. Understanding the cultural background of foreign suppliers is very important.
Understanding cultural backgrounds assist domestic manufacturers in communicating effectively
and respecting one another to do a successful business. People must accept and realize cultural
differences to establish strong working relationships. Culture guides values, thinking patterns,
behavior, and decision-making in business. Also, negotiating becomes difficult when dealing with
people from different nations. Developing trust needs cross-cultural understanding. Decision-
making and risk-taking customs that direct negotiations involve religious belief and status.
Familiarity with a foreign cultural background allows negotiators to understand how they conclude
and what is considered important. -Brandon Sibley.
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19 Inventive Negotiations with International Customers, P
19 Inventive Negotiations
with International
Customers, Partners,
and Regulators
CHAPTER LEARNING OBJECTIVES
What you should learn from Chapter 19:
LO1 The problems associated with cultural stereotypes
LO2 How culture influences behaviors at the negotiation
table
LO3 Common kinds of problems that crop up during
international business negotiations
LO4 The similarities and differences in communication
behaviors in several countries
LO5 How differences in values and thinking processes
affect international negotiations
LO6 Important factors in selecting a negotiation team
LO7 How to prepare for international negotiations
LO8 Managing all aspects of the negotiation process
LO9 The importance of follow-up communications and
procedures
LO10 The basics of inventive international negotiations
CHAPTER OUTLINE
Global Perspective: A Japanese Aisatsu
The Dangers of Stereotypes
The Pervasive Impact of Culture on Negotiation Behavior
Differences in Language and Nonverbal Behaviors
Differences in Values
Differences in Thinking and Decision-Making Processes
Implications for Managers and Negotiators
Negotiation Teams
Negotiation Preliminaries
At the Negotiation Table
After Negotiations
Inventive International Negotiations
Conclusions
Chapter
cat29974_ch19_564-592.indd 564cat29974_ch19_564-592.indd 564 22/08/12 10:59 PM22/08/12 10:59 PM
Global Perspective
A JAPANESE AISATSU
PART FIVE
It is not so much that speaking only English is a disadvan-
tage in international business. Instead, it’s more that being
bilingual is a huge advantage. Observations from sitting in
on an aisatsu (a meeting or formal greeting for high-level
executives typical in Japan) involving the president of a
large Japanese industrial distributor and the marketing
vice president of an American machinery manufacturer
are instructive. The two companies were trying to reach an
agreement on a long-term partnership in Japan.
Business cards were exchanged and formal introductions
made. Even though the president spoke and understood
English, one of his three subordinates acted as an interpreter
for the Japanese president. The president asked everyone to
be seated. The interpreter sat on a stool between the two
senior executives. The general attitude between the parties
was friendly but polite. Tea and a Japanese orange drink
were served.
The Japanese president controlled the interaction com-
pletely, asking questions of all Americans through the in-
terpreter. Attention of all the participants was given to each
speaker in turn. After this initial round of questions for all
the Americans, the Japanese president focused on develop-
ing a conversation with the American vice president. During
this interaction, an interesting pattern of nonverbal behav-
iors developed. The Japanese president would ask a question
in Japanese. The interpre ...
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More from alareej1989
Decribe RFID technology as much as you can. Do not use Google. 23 p.pdf
decreased; decreased
increased; decreased
decreased; increased
remained unchanged; remained unchanged
remained unchanged; decreaseda.
decreased; decreasedb.
increased; decreasedc.
decreased; increasedd.
remained unchanged; remained unchangede.
remained unchanged; decreased Use the following graph to answer the questions that follow.
This graph depicts an economy where aggregate demand has decreased, with no change in either
short-run aggregate supply (SRAS) or long-run aggregate supply (LRAS). The graph
accurately summarizes what happened during the Great Depression, because during that time, the
price level and real gross domestic product (GDP)
Solution
As it can be seen in the given graph, AD has shifted from AD1 to AD2.
Keeping supply constant, a fall in demand leads to a fall in both price and output.
In the given figure, price falls from P1 to P2 and output falls from Y1 to Y2.
Therefore, the correct option is (a) decreased, decreased..
Decision trees are particularly useful when A) perfect information.pdf
DECISION MAKING ACROSS THE ORGANIZATION
Martinez Company has decided to introduce a new product. The new product can be
manufactured by either a capital-intensive method or a labor-intensive method. The
manufacturing method will not affect the quality of the product. The estimated manufacturing
costs by the two methods are as follows.
Capital-Intensive Labor-Intensive Direct
Materials $5 per unit $5.50 per unit
Direct labor $6 per unit $8.00 per unit
Variable overhead $3 per unit $4.50 per unit
Fixed manufacturing costs $2,508,000 $1,538,000 Martinez\'s market research department has
recommended an introductory unit sales price of $30. The incremental selling expenses are
estimated to be $502,000 annually plus $2 for each unit sold, regardless of manufacturing
method.
Instructions With the class divided into groups, answer the following.
(a) Calculate the estimated break-even point in annual unit sales of the new product if Martinez
Company uses the: 1. Capital-intensive manufacturing method. 2. Labor-intensive manufacturing
method.
(b) Determine the annual unit sales volume at which Martinez Company would be indifferent
between the two manufacturing methods.
(c) Explain the circumstance under which Martinez should employ each of the two
manufacturing methods.
Solution
Answer:
a.) Calculation the estimated Break - even point in annual unit sales of the new product if
Martinez company uses the Capital Intensive and Labour Intensive method.
Capital IntensiveLabour Intensive
Direct material 5.00 5.50
Direct Labour 6.00 8.00
Variable Cost ( D.M + D. L) 11.00 13.50
Contribution Margin
(Selling Price - Variable Cost) (30.00 - 11.00)= 19.00 (30.00 - 13.50)=
16.50
Break - even
( Fixed Costs / Contribution Margin)($ 2,508,000 / 19) ( $ 1,538,000 / 16.50)
= $ 132,000 = $ 93,212.12
Contribution Margin Ratio
(Contribution Margin / Selling price per unit) 19.00 / 30.00 = 63% 16.50 / 30.00 =
55%
Required Sales
(Variable cost + F.C + Net Income) ( 1,452,000 + 2,508,000 + 0) ( 1,258,363.62 +
1,538,000 + .02)
= $ 3,960,000 = $ 2,796,363.60
Answer C). The Organization should implement the labor - Intensive approach perhaps when
crunched for time, example Project deadlines.The Implementation of such will result in a lower
contribution margin ratio, caused by the inreased costs in labor. In the scenario above, manager
can quickly determine the net income by keeping an eye on the contribution margin ratio.. Other
advantages from implementing the labor intensive approach are the lower fixed costs and lower
number of sales needed to break even ,caused by gain in productivity.
B).
Capital IntensiveLabour Intensive
Number of Unit sold
(Traget Profit + Fixed Costs) / Contribution Margin 2,508,000 / 19.00 1,538,000 / 16.5
= 132,000 Units = 93212.12 Units
Sales
Units Sold 132,000 93,212.12
Selling price per unit $ 30.00 $ 30.00
Total Sales Revenue $ 3,960,000 $
2,796,363.60
Cost of sales
Units Sold 132,000 93,212.12
Variable Costs per unit $ 11 $ 13.50
Total Variable Co.
Debbie forgot Lindas phone number. She did remember that the first.pdf
Death and Illness from SARS and Total Mortality in Four Countries
Total Deaths Death From Sars Sick from SARS
Community A 150 75 95
Community B 300 225 275
Community C 50 5 30
Community D 800 350 750
Question: The proportionate mortality rate with SARS is lowest in which community? I believe
it to be (obviously) Community C (there couldn\'t be a confounder based on the data given
correct)? Or is C too ovious?
Solution
yes, u are right the proportionate mortality rate with SARS in community C.
David R. and Ella M. Cole (ages 39 and 38, respectively) are husband.pdf
David owns $15,000 worth of 10-year bonds of Ace Corporation. These bonds pay interest every
6 months at the rate of 2%/year (simple interest). How much income will David receive from this
investment every 6 months?
Solution
income = 15000 * 0.01 = 150.
David Electronics had a profit of $10 million in 2002. Profit double.pdf
David Corporation uses the weighted-average method in its process costing system. The first
processing department, the Welding Department, started the month with 21,000 units in its
beginning work in process inventory that were 85% complete with respect to conversion costs.
The conversion cost in this beginning work in process inventory was $127,200. An additional
73,000 units were started into production during the month. There were 19,000 units in the
ending work in process inventory of the Welding Department that were 10% complete with
respect to conversion costs. A total of $401,250 in conversion costs were incurred in the
department during the month. What would be the cost per equivalent unit for conversion costs
for the month?
Solution
Process costing under weighted-average method involves the following steps:
In beginning
21,000
Transferred in
73,000
Units to be accounted for
94,000
As at end
19,000
Transferred out
75,000
Next, calculate the equivalent units.
Next, calculate the cost per equivalent unit.
Answer=Conversion cost per equivalent unit=5.2178
In beginning
21,000
Transferred in
73,000
Units to be accounted for
94,000
As at end
19,000
Transferred out
75,000.
DateExplanationUnitsUnit CostTotal CostWarningDont sho.pdf
Date
Explanation
Units
Unit Cost
Total Cost
FIFO
LIFO
Average-costEggers Company reports the following for the month of June.
Date
Explanation
Units
Unit Cost
Total CostJune 1Inventory187$8$
1,49612Purchases57695,18423Purchases311113,42130Inventory358
Solution
Weighted-average unit cost = Total Cost / total no. of units
=> ( 1496 + 5184 + 3421) / ( 187+ 576 + 311 )
=> 10101/1074
Weighted-average unit cost => $ 9.405 cost per unit
FIFO
Cost of Ending inventory = (311* 11) + [ ( 358-311) * 9)
=> 3421 + ( 47* 9)
=> 3421 + 423
Cost of Ending inventory as per FIFO => $3844
Cost of goods sold as per FIFO
Total no of units sold = 716 units
Cost of goods sold as per FIFO = (187*8) + (529*9)
=> 1496 + 4761
Cost of goods sold as per FIFO => $6257
LIFO
Cost of Ending inventory = (187 *8)+[ (358 - 187 ) * 9 ]
=> 1496 + (171*9)
=> 1496+1539
Cost of Ending inventory as per LIFO => $3035
Cost of goods sold as per LIFO
Total no of units sold = 716 units
Cost of goods sold as per LIFO = (311 * 11) + [ ( 716 -311) * 9 ]
=> 3421 + (405 *9)
=> 3421 + 3645
Cost of goods sold as per LIFO => $7066.
DateLIFO MethodFIFO MethodLIFO MethodFIFO MethodRetained E.pdf
Date
Explanation
Units
Unit Cost
Total Cost
Warning
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Link to Text
FIFO
LIFO
Average-costEggers Company reports the following for the month of June.
Date
Explanation
Units
Unit Cost
Total CostJune 1Inventory194$8$
1,55212Purchases598105,98023Purchases323113,55330Inventory372
Warning
Don\'t show me this message again for the assignment
Ok
Cancel
Solution
FIF0weighted-averageCalculate weighted-average unit cosQyValueRateOpening Stock +
Purchase1115110859.94.
Data Plant therapists believe that plants can reduce the stress lev.pdf
Data pertaining to the current position of Forte Company are as follows:
300,000
Compute the working capital, the current ratio, and the quick ratio after each of the following
transactions, and record the results in the appropriate columns of the table provided. Consider
each transaction separately and assume that only that transaction affects the data given. Round to
one decimal place.Cash$412,500Marketable securities187,500Accounts and notes receivable
(net)300,000Inventories700,000Prepaid expenses50,000Accounts payable200,000Notes payable
(short-term)250,000Accrued expenses
300,000
Solution
Prepaid expenses
50,000.00 Cash
412,500.00 Marketable securities
187,500.00
Accounts and notes receivable (net)
300,000.00 Quick
Asses 950,000.00
Inventories 700,000.00
Current Assets
1,650,000.00 Accounts payable
200,000.00 Notes
payable (short-term)
250,000.00 Accrued expenses
300,000.00
Current Liabilties
750,000.00 S.No Transaction Current Assets Quick Assets Current Liabilties
Current Ratio Quick Ratio WC Before Any Transaction 1,650,000.00 950,000.00
750,000.00 2.20 1.27 900,000.00 A. Sold
marketable securities at no gain or loss, $70,000. 1,650,000.00 950,000.00
750,000.00 2.20 1.27 900,000.00 B. Paid
accounts payable, $125,000. 1,525,000.00 825,000.00 625,000.00
2.44 1.32 900,000.00 C. Purchased goods on account,
$110,000. 1,635,000.00 825,000.00 735,000.00 2.22
1.12 900,000.00 D. Paid notes payable, $100,000. 1,535,000.00
725,000.00 635,000.00 2.42 1.14
900,000.00 E. Declared a cash dividend, $150,000. 1,535,000.00 725,000.00
785,000.00 1.96 0.92 750,000.00 F. Declared
a common stock dividend on common stock, $50,000. 1,535,000.00 725,000.00
785,000.00 1.96 0.92 750,000.00 G. Borrowed
cash from bank on a long-term note, $225,000. 1,760,000.00 950,000.00
785,000.00 2.24 1.21 975,000.00 H. Received cash on
account, $125,000. 1,760,000.00 950,000.00 785,000.00
2.24 1.21 975,000.00 I. Issued additional shares of stock for cash,
$600,000. 2,360,000.00 1,550,000.00 785,000.00 3.01
1.97 1,575,000.00 J. Paid cash for prepaid expenses, $10,000.
2,360,000.00 1,550,000.00 785,000.00 3.01 1.97
1,575,000.00.
Danny Inc. issued a 100 stock dividend of its common stock which ha.pdf
Danny Inc. issued a 100% stock dividend of its common stock which had a par value of $.01,
and a market value of $123 on declaration date and $62 on payment date. At what amount should
retained earnings be capitalized for the additional shares issued?
Solution
Dividend is paid on the par value and not on the market value. The retained earnings should be
capitalized with the par value of $ ..01.
Daniels Company is owned and operated by Thomas Daniels. The followi.pdf
Daniels Company is owned and operated by Thomas Daniels. The following selected
transactions were completed by Daniels Company during May:
1.
Received cash from owner as additional investment $55,000.
2.
Paid creditors on account $7,000.
3.
Billed customers for services on account, $2,565.
4.
Received cash from customers on accounts $8,450.
5.
Paid cash to owner for personal use, $2,500.
6.
Received the utility bill $160, to be paid next month.
Indicate the effect of each transaction on the accounting equation:
1)
By Account type - (A)assets, (L)liabilities, (OE)owner’s equity, (R)revenue, and (E)expense
2)
Name of Account for the entry
3)
The amount by of the transaction.
4)
Indicate the direction of change in the account that is affected.
Note: Each transaction has two entries.
Entry
Entry
Acct Type
(1)
Name of Acct
(2)
Amount
(3)
Increase or Decrease
(4)
Acct Type
(1)
Name of Acct
(2)
Amount
(3)
Increase or Decrease
(4)
1
2
3
4
5
6
The accountant for Franklin Company prepared the following list of account balances from the
company’s records for the year ended December 31, 2011:
Fees Earned
$165,000
Cash
$ 30,000
Accounts Receivable
14,000
Selling Expenses
44,000
Equipment
64,000
Franklin, Capital
27,000
Accounts Payable
12,000
Interest Income
3,000
Salaries & Wages Expense
40,000
Prepaid Rent
2,000
Income Taxes Payable
5,000
Income Taxes Expense
18,000
Notes Payable
20,000
Rent Expense
20,000
1.
Received cash from owner as additional investment $55,000.
2.
Paid creditors on account $7,000.
3.
Billed customers for services on account, $2,565.
4.
Received cash from customers on accounts $8,450.
5.
Paid cash to owner for personal use, $2,500.
6.
Received the utility bill $160, to be paid next month.
Solution
Answer:
Answer:
Assets
Cash 30,000, A/R 14,000, Eqpt 64,000, Prepaid 2,000 = 110,000
Liabilities
Accts Pay 12,000, Tax payable 5,000, Notes pay 20,000 = 37,000
Equity
Franklin Capital 7,000
Net Income
165,000 - 44,000 + 3,000 - 40,000 - 18,000 = 66,000
Total Equity
7,000 + 66,000 = 73,000
Total Liabilities + Equity = 110,000EntryEntryAcct TypeName of AcctAmountIncrease or
DecreaseAcct TypeName of AcctAmountIncrease or Decrease-1-2-3-4-1-2-3-
41ACash55000IncOECapital55000Inc2ACash7000DecLAcct Pay7000Dec3AAcct
Rec2565IncRFees Earned2565Inc4ACash8450IncAAcct
Rec8450Dec5ACash2500DecOEDrawing2500Inc6LAcct Pay160IncEUtil exp160Inc.
Danielle is a divorced single parent who is currently paying back a .pdf
Danielle is a divorced single parent who is currently paying back a college loan, attending
graduate school part-time, and working full-time earning $42,000. She has custody and provides
all support for her child. Which of the following adjustments, deductions, or credits might apply
to her?
Solution
Adjustment for student loan interest
Child tax credit
Child and dependent care credit
Lifetime learning tax credit.
Daniela is a 25 partner in the JRD Partnership. On January 1, JRD m.pdf
Daniela is a 25% partner in the JRD Partnership. On January 1, JRD makes a liquidating
distribution of $20,000 cash and inventory with a $15,000 fair value (inside basis $5,000) to
Daniela. JRD has no liabilities at the date of the distribution. Daniela\'s basis in JRD is $21,000.
What is the amount and character of Daniela\'s gain or loss from the distribution?
Solution
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21000 Daniela\'s Gain 14000.
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Currently, the expectation is that the Federal Reserve will try to increase interest rates sometime
later this year, while the European Central Bank will try to maintain low interest rates. What is
the corresponding expectation of the future trajectory of the dollar/euro exchange rate, all else
held equal?
That it will rise.
That it will fall.
That it will stay constant.
None of the above.
That it will rise.
That it will fall.
That it will stay constant.
None of the above.
Solution
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d d
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