Discussion Questions for Chapter 1 The Scope and Challenge of International Marketing Discussion Questions |1. |Define: | | | |International marketing |Foreign uncontrollables | | |Controllable elements |Marketing relativism
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Chapter 1: Uses of Accounting Information and the Financial Statements TRUE/FALSE 1. The intentional preparation of misleading financial statements is referred to as fraudulent financial reporting. ANS: T PTS: 1 OBJ: LO1 NAT: AACSB correlation: ethics LOC: Learning Type: Recall KEY: ethical reporting 2. Fraudulent financial reporting can result from the misapplication of accounting principles. ANS: T PTS: 1 OBJ: LO1 NAT: AACSB correlation: ethics LOC: Learning Type: Recall KEY:
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Chapter: 01 (Introduction) 1.1 Background APEXADELCHI FOOTWEAR LIMITED. The history of Apex is not very old. Still it is one of the oldest Footwear and Leather Company in Bangladesh. The company was established in 1990 as a proprietorship company at Hazaribagh in Dhaka. In the very beginning‚ it used to operate as leather production from rawhide and exporting. From the year 1993/94‚ the firm started to deal as foreign buyer’s representative and leather chemical distributor .All functions of
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1) Liabilities Stockholders’ Equity Assets $23‚500 $56‚500 $80‚000 2) RE‚ Beg. Sales Expenses Dividends Net Loss $65‚000 $29‚500 $33‚000 $3‚500 ($3‚500) 3) Salaries Expense‚ Beg. Increase Decrease Increase Increase Salaries Expense‚ Ending $0 $450 $175 $600 $350 $1‚225 4) Purchases Credit Cash Debit Cash Credit Accounts Payable $375 $375 375 375 5) Allied‚ Inc. Insurance Policy $3‚600 Debit Insurance Expense Credit Prepaid Insurance 1‚800 1‚800 6) Supplies‚ Beginning Supplies Purchased
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knowledge of the evolution of management theories is important to managers • Contributions in management came from intellectuals with widely different backgrounds‚ so no unified theory of management • So over a period of time‚ various approaches for managerial analysis have been developed • These approaches are widely known as approaches/patterns/schools of management thought Time Line of Management Thought 3 Classical Management Theory It arose because of the need to increase
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additional two page appendix can be added for items such as illustrations‚ journal entries‚ financial statement items or IFRS or ASPE Standards extracts. The appendix should not contain discussion or analysis. [That is‚ the overall limit is three pages + a two page appendix‚ if needed‚ for a total of 5 pages (single spaced‚ minimum 12 font)]. For the most part‚ the background needed to complete the cases is readily available in the text‚ the CPA Canada Handbook‚ IFRS or in companies’ annual reports
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THE EFFECTS OF ACCOUNTING CONCEPTS ON FINANCIAL STATEMENT 5.1 ENTITY CONCEPT The first accounting concept is entity concept. These concept shows accounts are kept for entities and not the people who own or run the company. Even in proprietorships and partnerships‚ the accounts for the business must be kept separate from those of the owners. This is because what whatever amount the company owes to others is not the liabilities of the owners. The maximum amount that the owner is going to lose
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What is Accounting Ethics? The term accounting ethics are formed by the combination of two different words‚ namely accounting and ethics. Fortes‚ (2011) believes that ‘accounting is the collection‚ measurement‚ analysis and reporting of events in financial terms.’ While Karthik‚ (2010) believes that ‘ethics in its broader sense‚ deals with human conduct in relation to what is morally good and bad‚ right and wrong. It is the application of values to decision-making. These values include
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ACG 2071 Managerial Accounting Process Costing Systems Minicase Jeffersonian Corporation has been in business for over 50 years. The company is looking to expand operations into the Pacific Rim and would like an analysis of its financial statements to be prepared. Review the financial statements below: Jeffersonian Corporation Comparative Income Statement For years ended December 31‚ 2011 and 2010 Sales Cost of goods sold Gross Profit Operating Expenses Salaries Expense Contract Labor
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The second project should be undertaken as it has a higher Net Present Value as per the attached excel sheet analysis. 6.) Determine which if the two investment projects of problem 5 the manager should choose if the discount rate of the firm is 20 percent. The first project should be undertaken as it has a higher Net Present Value as per the attached excel sheet analysis. 9.) A woman managing a photocopying establishment for $25‚000 per year decides to open her own duplicating place
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