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SSSSS [86.1K]
2 years ago
12

When General Motors first began selling its Chevy Novas in Mexico, it could not understand the low sales volume at first. Then,

GM discovered that the word, "no va" in Spanish means "something that does not go." Would you buy a car that does not go? This is a prime example of which way to avoid misunderstandings? A. Biases in paying attention B. Cultural similarities C. Choosing the simple, basic word(s) D. Separating facts from inferences
Business
1 answer:
mafiozo [28]2 years ago
5 0

Answer:

The correct answer is letter "B": Cultural similarities.

Explanation:

Cultural similarities refer to customs and special terms that for one region or country are widely accepted but not for others. Those actions or phrases could be exactly the same but carry a different or even negative meaning in different places. This is not limited to actions and terms used in day-to-day activities but also under formal circumstances.

You might be interested in
Financial information for American Eagle is presented in Appendix A at the end of the book. Required: 1-a. Calculate the current
jasenka [17]

Answer:

Find the appendix attached:

Current ratio improved in 2018 from 1.83 in 2017 to 2.00 in 2018

Acid test ratio improved in 2018 from 1.10 in 2017 to 1.18 in 2018

The payment of $100 million accounts payable  would make  current ratio in 2017 improve from 1.83 to 2.03 and in 2018 from 2.00 to 2.25

The payment of $100 million accounts payable  would make  acid test ratio in 2017 from 1.10  to 1.12 and in 2018 from 1.18 to 1.22

Find computations below.

Explanation:

                                                                                2018                2017

Current ratio

Current assets/current liabilities

$968,530/$485,221                                               2.00

$901,229/$493,783                                                                       1.83

Current ratio improved in 2018 from 1.83 in 2017 to 2.00 in 2018

                                                                            2018                2017

Acid test ratio

(Current assets-inventory)/current liabilities

($968,530-$398,213)/$485,221                        1.18                                          

($901,229-$358,446)/$493,783                                                 1.10

Acid test ratio improved in 2018 from 1.10 in 2017 to 1.18 in 2018

Impact of $100,000,000 cash used in settling accounts payable:

                                                                              2018                2017

Current ratio

Current assets/current liabilities

($968,530-$100,000)/($485,221-$100,000)      2.25                                          

($901,229-$100,000)/$493,783-($100,000)                          2.03                                                            

The payment of $100 million accounts payable  would make  current ratio in 2017 from 1.83 to 2.03 and in 2018 from 2.00 to 2.25

                                                                                          2018                2017

Acid test ratio

(Current assets-inventory)/current liabilities

($968,530-$398,213-$100,000)/($485,221-$100,000)    1.22                                                            

($901,229-$358,446-$100,000)/($493,783-$100,000)                    1.12    

The payment of $100 million accounts payable  would make  acid test ratio in 2017 from 1.10  to 1.12 and in 2018 from 1.18 to 1.22

Download xlsx
5 0
2 years ago
If inventory increases under the retail method, which of the following is true: a. Under the Average Cost retail method, a new l
NeTakaya

Answer:

d. Under the LIFO retail method, a new layer would be added.

Explanation:

The retail method is used to estimate ending inventory/cost of goods sold and is  widely used for financial reporting purposes, especially for quarterly financial statements. Retail methods are usually used with the weighted average cost flow assumption, FIFO or LIFO.

Now when the inventory increases under the retail method, LIFO retail method is the best to use because it gives you the highest cost of goods sold and the lowest taxable income. LIFO layer refers to a tranche of cost in an inventory costing system that follows the last-in, first-out (LIFO) cost flow assumption. Therefore when inventory increases under the LIFO retail method, a new layer would be added.

3 0
1 year ago
Kimberly-Clark developed its Avert Virucidal tissues that contained vitamin C derivatives, which were scientifically designed to
mezya [45]

Answer:

E) incomplete market and product protocol.

Explanation:

Kimberly-Clark's Avert Virucidal failed in test marketing, because the researchers in charge of product development  failed to clearly define how it would satisfy consumers' wants and needs. The idea itself wasn't bad, but the concept testing was poorly done. During concept testing, the marketing researchers must determine if the consumers understand the product's idea or not, and obviously that didn't happen. The product does satisfy consumers' needs and if the marketing process was properly done, they would have probably accepted the product.

3 0
2 years ago
Read 2 more answers
The standard cost of product 777 includes 2.0 units of direct materials at $6.00 per unit. During August, the company bought 29,
AfilCa [17]

Answer and Explanation:

The computation is shown below:

Total material variance = Actual quantity × Actual rate - Standard quantity × Standard rate

= 29000 × $6.3 - (16,000 units × 2) × $6

= $182,700 - $192,000

= - $9,300 favorable  

Material price variance = Actual quantity × Actual price - Actual quantity × Standard price

= (29,000 units × $6.3) - (29,000 units × $6)

= $182,700 - $174,000

= $8,700 unfavorable  

Material quantity variance =  Standard quantity × Actual quantity - Standard rate × Standard quantity  

= $6 × 29,000 units - $6 × (16,000 units × 2)

= $174,000 - $192,000

= -$18,000 favorable

The favorable is when the standard cost is more than the actual one while the unfavorable is when the standard cost is less than the actual one

8 0
2 years ago
Tressor company is considering a 5-year project. the company plans to invest $90,000 now and it forecasts cash flows for each ye
Ad libitum [116K]

Interest rate Present value of an annuity

of $1 factor for year 5

10% 3.7908

12% 3.6048

14% 3.4331

Calculate the internal rate of return to determine whether it should accept this project.

The project should be accepted because it will earn more than 14%.

The project should be accepted because it will earn more than 10%.

The project will earn more than 12% but less than 14%. At a hurdle rate of 14%, the project should be rejected.

The project should be rejected because it will earn less than 14%.

The project should be rejected because it will not earn exactly 14%.

Answer : The IRR of the project is 15.24%.

The project should be accepted since it will earn more than 14%.

The NPV at 10% is $ 12351.6

The NPV at 12% is $7329.6

The NPV at 14% is 2693.7

Since NPV is positive at 14%, we may safely conclude that the IRR of the project is greater than 14%.

The NPV at 15% is 90,508.19

The NPV at 16% is 88,405.93

By interpolation, we can determine that the IRR of the project is 15.24%.

8 0
2 years ago
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