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International Business

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Question

True or False?, International Business – BUSI 303:
Any company considering moving into a

foreign economic market must consider the powerful influence of the military and religious leadership.

I’m thinking true but can not find this one in text to verify.

 
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On June 30, 2016, after adjusting entries were posted, Alpha Company sold a machine. The historical cost was $11,000 and the book value was $2,500.

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On June 30, 2016, after adjusting entries were posted, Alpha Company sold a machine. The historical cost

was $11,000 and the book value was $2,500. It was sold for $1,100 cash. Using this information, how much should be recorded on June 30 for the following accounts:

 
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fixed costs

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Question

A silver mine can yield 13,000 ounces of silver at a variable cost of $32 per ounce. The fixed costs of operating

the mine are $52,000 per year. In half the years, silver can be sold for $48 per ounce; in the other years, silver can be sold for only $24 per ounce. Ignore taxes.

b.Now suppose you can shut down the mine in years of low silver prices. Calculate the average cash flow from the mine. Assume fixed costs are incurred only if the mine is operating. (Do not round intermediate calculations.)
 
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Alpha Company records all sales at the register with amounts that include 8% sales tax. During November 2016, total sales at the register were recorded as $706,320

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Alpha Company records all sales at the register with amounts that include 8% sales tax. During November

2016, total sales at the register were recorded as $706,320. Use this information to determine what amount of sales tax liability that Alpha Company should record for an end of the month adjusting entry.

 
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