Question 1
International diversification works best when foreign projects are highly positively correlated over time. True False The Red Tape can be an implicit barrier to the direct foreign investment. True False There are several cost-related motives for the direct foreign investment. One of them is the use of foreign technology. True False A multinational firm conducts country risk analysis when assessing whether to continue conducting business in a particular country. True False There are several techniques to assess country risk. the Delphi technique involves making a judgment on all the political and financial factors. True False Country risk can be divided into the country's political risk and its financial risk. True False A country has a 3.6 of political risk rating with 50% weight and a 4.0 of financial risk rating with 50% weight. Then, the overall weighted country risk rating is 3.8. True False The blockage of fund transfers is one of the political risk factors. True False The direct foreign investment decisions of multinational firms usually involve foreign financial assets rather than foreign real assets. True False Inspection visits for assessing country risk involve meeting with government officials, business executives, and consumers. True False The foreign investment risk matrix shows the financial and political risk by intervals ranging across the matrix from poor to good. True False Any portfolio on the frontier of efficient project portfolios is optimal to all multinational firms. True False Interest rates, inflation rates, and exchange rates are financial risk factors. True False Multinational firms make direct foreign investments by engaging in joint ventures, acquiring foreign firms, and forming foreign subsidiaries. True False Manager may attempt to expand their divisions internationally if their compensation may increase as a result of expansion. This is one of the cost-related motives for the direct foreign investment. True False In some cases, multinational firms use the direct foreign investment to circumvent trade restrictions. True False Country risk can be incorporated in the capital budgeting analysis of a proposed project by adjusting either the discount rate or the estimated cash flows. True False Local governments tend to closely regulate any direct foreign investment that may affect local firms, consumers, and economic conditions. True False The choice of target countries for the direct foreign investment is likely to change over time. True False Many multinational firms do not have a formal method to assess country risk. As a result, they often use a combination of techniques to assess country risk. True False
Question 4
I'm realy having problems and i need help i keep submit my questions every time they keep told about to change the due date when i do they told me to submit just 3 questions per day when i do they bring something different or pay 40 dollars or 50 dollars to get it fast this i keep tell you about there scam going on i give some example about the communication going on first this show how many time i submit question Question Value Subject Status Last Updated Time (CST) attached Free Accounting Denied - Price 2/26/2011 at 1:35am The stockholders' equity of Tyron... Free Accounting Asked 2/27/2011 at 12:19pm Question 1 The... Free Accounting Asked 2/27/2011 at 12:26pm home work attached $25.00 Accounting Asked 2/27/2011 at 12:27pm accounting 202 attached $25.00 Accounting Denied - Clarification 3/1/2011 at 9:13am accounting 202 homework Free Accounting Denied - Price 3/2/2011 at 8:12pm THIS 3 Q FROM MY HOMEWORK ATTACHED Free Accounting Denied - Price 3/3/2011 at 7:47am 3 questions attached for the 7th... Free Accounting Denied - Clarification 3/3/2011 at 8:47am Our expert tutor has sent you a... Free Accounting Asked 3/3/2011 at 1:26pm Our expert tutor has sent you a... Free Accounting Asked 3/3/2011 at 1:26pm Our expert tutor has sent you a... Free Accounting Denied - Clarification 3/3/2011 at 1:51pm ok this different question with new... Free Accounting Denied - Price 3/3/2011 at 5:13pm and this some of the email's i got Hello, We can only answer your free 3 questions per day one at a time. (by the way i just submit 3 questions )Please re-submit an individual question here: http://www.coursehero.com/qa_ask_question.php OR we can answer all of the questions you submitted as they are for $40. Please re-submit here: http://www.coursehero.com/qa_redirect.php?question_id=6807731 and this some of communication in website You asked: "Our expert tutor has sent you a message pertaining to your question. Please review the message immediately and reply here http://www.coursehero.com/qa_redirect.php?question_id=6805697 Once you reply, your tutor can continue answering your question. Thank you. ------------------------------------ I can't change the date because the due date today at 12pm when i start to send my home it was 2/26/11 it not up to me now " - Sent to Accounting Expert Tutor on 3/3/2011 at 1:26pm You asked: "Our expert tutor has sent you a message pertaining to your question. Please review the message immediately and reply here http://www.coursehero.com/qa_redirect.php?question_id=6805697 Once you reply, your tutor can continue answering your question. Thank you. ------------------------------------ I can't change the date because the due date today at 12pm when i start to send my home it was 2/26/11 it not up to me now " - Sent to Accounting Expert Tutor on 3/3/2011 at 1:26pm You asked: "Our expert tutor has sent you a message pertaining to your question. Please review the message immediately and reply here http://www.coursehero.com/qa_redirect.php?question_id=6805697 Once you reply, your tutor can continue answering your question. Thank you. ------------------------------------ I can't change the date because the due date today at 12pm when i start to send my home it was 2/26/11 it not up to me now " - Sent to Accounting Expert Tutor on 3/3/2011 at 1:27pm We need you to clarify your question for our tutors! Clarification request: Dear Student, I am currently busy with other assignments. I need time to work on your problem. If you can increase the deadline of your question by atleast 24 hours, it would be grateful of you, else I won't be able to meet the deadline of your assignment. Please review and reply. Thank you. Please resubmit your questions below. We need you to clarify your question for our tutors! Clarification request: Dear Student, I am a bit afraid as I am engaged with other assignments as well in queue. Could you please extend the deadline of your assignment by 11-12 hours so that I could get time to evaluate it? Thank you. Please resubmit your questions below. please can you do something about that thank you,I'm realy having problems and i need help i keep submit my questions every time they keep told about to change the due date when i do they told me to submit just 3 questions per day when i do they bring something different or pay 40 dollars or 50 dollars to get it fast this i keep tell you about there scam going on i give some example about the communication going on first this show how many time i submit question Question Value Subject Status Last Updated Time (CST) attached Free Accounting Denied - Price 2/26/2011 at 1:35am The stockholders' equity of Tyron... Free Accounting Asked 2/27/2011 at 12:19pm Question 1 The... Free Accounting Asked 2/27/2011 at 12:26pm home work attached $25.00 Accounting Asked 2/27/2011 at 12:27pm accounting 202 attached $25.00 Accounting Denied - Clarification 3/1/2011 at 9:13am accounting 202 homework Free Accounting Denied - Price 3/2/2011 at 8:12pm THIS 3 Q FROM MY HOMEWORK ATTACHED Free Accounting Denied - Price 3/3/2011 at 7:47am 3 questions attached for the 7th... Free Accounting Denied - Clarification 3/3/2011 at 8:47am Our expert tutor has sent you a... Free Accounting Asked 3/3/2011 at 1:26pm Our expert tutor has sent you a... Free Accounting Asked 3/3/2011 at 1:26pm Our expert tutor has sent you a... Free Accounting Denied - Clarification 3/3/2011 at 1:51pm ok this different question with new... Free Accounting Denied - Price 3/3/2011 at 5:13pm and this some of the email's i got Hello, We can only answer your free 3 questions per day one at a time. (by the way i just submit 3 questions )Please re-submit an individual question here: http://www.coursehero.com/qa_ask_question.php OR we can answer all of the questions you submitted as they are for $40. Please re-submit here: http://www.coursehero.com/qa_redirect.php?question_id=6807731 and this some of communication in website You asked: "Our expert tutor has sent you a message pertaining to your question. Please review the message immediately and reply here http://www.coursehero.com/qa_redirect.php?question_id=6805697 Once you reply, your tutor can continue answering your question. Thank you. ------------------------------------ I can't change the date because the due date today at 12pm when i start to send my home it was 2/26/11 it not up to me now " - Sent to Accounting Expert Tutor on 3/3/2011 at 1:26pm You asked: "Our expert tutor has sent you a message pertaining to your question. Please review the message immediately and reply here http://www.coursehero.com/qa_redirect.php?question_id=6805697 Once you reply, your tutor can continue answering your question. Thank you. ------------------------------------ I can't change the date because the due date today at 12pm when i start to send my home it was 2/26/11 it not up to me now " - Sent to Accounting Expert Tutor on 3/3/2011 at 1:26pm You asked: "Our expert tutor has sent you a message pertaining to your question. Please review the message immediately and reply here http://www.coursehero.com/qa_redirect.php?question_id=6805697 Once you reply, your tutor can continue answering your question. Thank you. ------------------------------------ I can't change the date because the due date today at 12pm when i start to send my home it was 2/26/11 it not up to me now " - Sent to Accounting Expert Tutor on 3/3/2011 at 1:27pm We need you to clarify your question for our tutors! Clarification request: Dear Student, I am currently busy with other assignments. I need time to work on your problem. If you can increase the deadline of your question by atleast 24 hours, it would be grateful of you, else I won't be able to meet the deadline of your assignment. Please review and reply. Thank you. Please resubmit your questions below. We need you to clarify your question for our tutors! Clarification request: Dear Student, I am a bit afraid as I am engaged with other assignments as well in queue. Could you please extend the deadline of your assignment by 11-12 hours so that I could get time to evaluate it? Thank you. Please resubmit your questions below. please can you do something about that thank you
Question 5
Which of the following are considered secondary characteristics of accounting information? verifiability and feedback value predictive value and timeliness comparability and consistency representational faithfulness and neutrality 7. Two constraints mentioned by GAAP on qualitative characteristics are understandability and decision usefulness comparability and consistency relevance and reliability benefits greater than costs and materiality The joint IASB/FASB qualitative characteristics Exposure Draft identifies a logical order in which to evaluate the qualities. That order (first, second, third) is faithful representation, relevance, enhancing characteristics relevance, enhancing characteristics, faithful representation relevance, faithful representation, enhancing characteristics enhancing characteristics, relevance, faithful representation An organization will typically utilize a subsidiary ledger to (Points: 4) make sure all debits equal credits make it easier to handle cash received from customers keep customer accounts up to date record customer credit sales outside of the normal double entry system 16. The total of the individual customer account balances should equal the balance in accounts receivable, which is the (Points: 4) control account master account nominal account contra account 17. Which of the following transactions would be recorded in a sales journal of the type illustrated in the text? (Points: 4) customer return of merchandise originally bought on credit customer purchase of merchandise for cash sale by a used car dealer of part of the property surrounding his display lot customer purchase of merchandise on credit terms 18. Marge Company has all of the special journals that were described in your text (other than the voucher register) as a part of its accounting system. Which of the following journal entries would therefore be recorded in Marge's general journal? (Points: 4) an entry to record the sale of merchandise on credit an entry to record the sale of inventory on credit an entry to record the return of defective purchased merchandise for credit an entry to record a cash purchase of inventory 19. Which statement is true? (Points: 4) All purchases should be recorded in a purchases journal. Closing and reversing entries will be found in the sales journal. Returned merchandise from a customer should be entered in the sales journal. All cash sales should be recorded in the cash receipts journal. 20. Which statement is not true? (Points: 4) The general journal is still a necessity, even when special journals are used. If a cash payments journal is in use, postings are usually made only at the end of the month. All transactions involving the receipt of cash are recorded in the cash receipts journal. A purchase of a desk calculator for the office should not be recorded in the purchases journal. 21. The Clipper, Inc., uses the accrual basis of accounting. Clipper's rent expense account had a $14,000 balance at the end of the year. The prepaid rent account had a $5,000 balance at the beginning of the year and a $7,000 balance at the end of the year. How much cash was paid for rent during the year? (Points: 4) $7,000 $9,000 $12,000 $16,000 22. The Waller Company uses the accrual basis of accounting. Waller Company's wages expense account had a $510,000 balance at the end of the year. The wages payable account had a $23,000 balance at the beginning of the year and a $45,000 balance at the end of the year. How much cash was paid for wages during the year? (Points: 4) $488,000 $510,000 $532,000 $555,000 23. The Slaughter Company uses the cash basis of accounting. Slaughter Company collected $850,000 from its customers during 2010. Customers owed Slaughter $50,000 of accounts receivable at the beginning of 2010, and $90,000 of accounts receivable at the end of 2010. What is Slaughter?s sales revenue for 2010 under the accrual basis of accounting? (Points: 4) $810,000 $850,000 $890,000 $940,000 24. All of the following are examples of subsequent events that would be disclosed in the footnotes to the financial statements except (Points: 4) fire or flood loss a litigation settlement a bond issuance after the balance sheet date the inability to collect a major customer's accounts receivable 25. According to APB Opinion No. 22, the initial note to the financial statements should describe (Points: 4) the calculation of comprehensive income the significant concentrations of credit risk the significant accounting policies the objectives of holding derivatives and the strategies for achieving them 26. A reader might find information about gain contingencies in an annual report by examining (Points: 4) a contingent account receivable an accrued revenue a deferred revenue footnote disclosures 27. Under international accounting standards, liabilities and owners' equity on the balance sheet usually appear in which order? (Points: 4) capital, noncurrent liabilities, and current liabilities current liabilities, noncurrent liabilities, and capital capital, current liabilities, and noncurrent liabilities noncurrent liabilities, current liabilities, and capital The integrated disclosures required by the SEC for all regulated companies include all of the following except (Points: 4) dividends on common stock management's discussion common stock market prices book value of common shares 29. When is a company not required to report comprehensive income? (Points: 4) when it has a net operating loss when it has no other comprehensive income items when it has no extraordinary items when it has no prior-period adjustments 30. A company is required to report earnings per share on Net Income Comprehensive Income (Points: 4) Yes Yes No No Yes No No Yes 31. The statement of cash flows is least likely to help external users to assess (Points: 4) a company's ability to generate positive future cash flows the amount of a company's future accrual-based sales revenue a company's ability to meet its obligations and pay dividends a company's need for external financing 32. Which of the following sections will not appear in the statement of cash flows? (Points: 4) operating activities investing activities financing activities selling activities Garcia Company began 2010 with net assets of $80,000. Net income calculated by using the capital maintenance concept was $21,000. During 2010 owners contributed $26,000 of new capital. By year-end, the net assets totaled $78,000. Dividends to the owners during 2010 were (Points: 4) $49,000 $28,000 $23,000 $2,000 34. Comprehensive income includes the following changes in equity in a company during a period except (Points: 4) transactions with non-owners events relating to non-owner sources circumstances relating to non-owner sources distributions to owners 35. Characteristics of risk as they relate to the uncertainty or unpredictability of the future results of a company include (Points: 4) the greater the risk, the higher the rate of return expected by investors risk increases as the range and timeframe within which future results are likely to fall increases risk increases as the range and timeframe within which future results are likely to fall decreases the greater the risk, the higher the rate of return expected by creditors 36. In 2007, the CFA Institute Centre for Financial Market Integrity proposed a new financial model to replace the traditional earnings number. Which of the following characteristics does the proposed statement of changes in net assets available to stockholders exclude? (Points: 4) It recognizes all transactions and events that change net assets. Line items would be reported by the nature of the item. Line items would be reported by the function for which the resource is consumed. It includes the effects of all investing and financing activities. The following information relates to the Smith Company: What is the unadjusted January 1, 2010, balance in retained earnings? (Points: 4) $1,170 $1,320 $1,470 $1,630 38. IFRS content in the income statement is similar to U.S. GAAP in all of the following areas except the disclosure of (Points: 4) revenues finance costs extraordinary items tax expense 39. IFRS reporting requires all of the following items except (Points: 4) earnings per share disclosure comprehensive income disclosure in a statement of stockholders? equity disclosure of the results of discontinued operations operating expenses disclosure 40. The Philip Company had the following information available for the fiscal year ended December 31, 2010: Philip's inventory turnover for 2010 was (Points: 4) 3 times 4 times 5.33 times 6 times 41. The following information was obtained from the records of Trophy Company for 2010: How many times was interest earned in 2010? (Points: 4) 1.25 times 1.75 times 2.75 times 32.5 times In the Management Report contained in the audited annual report, management acknowledges its responsibility for all of the following except (Points: 4) preparing and presenting the financial statements correcting all internal control deficiencies prior to issuance of the financial statements designing and maintaining appropriate internal controls evaluating the effectiveness of the internal controls 43. Extensible Business Reporting Language (XBRL) (Points: 4) is limited to the manual comparison of data reported in the SEC 10K report. is expected to complete the development of its system of ?tags? for all U.S. GAAP in 10 years. enables recognition and extraction of items of information for various analytical purposes has been applied extensively by financial analysts for over 30 years 44. On September 1, 2010, the Baker Company received $44,940 from 4-Most Finance Company. To pay off this loan, the Baker Company will have to pay 4-Most $10,000 each year for 10 years. The first payment is due September 1, 2011. Which interest rate compounded annually is Baker paying on this loan? (Points: 4) 12% 15% 18% 24% 45. In the present value of an annuity table, the factors (Points: 4) increase as the interest rates increase decrease as the periods increase remain the same as the periods increase decrease as the interest rates increase 46. On January 31, 2010, Richie Company acquired a new machine by paying $40,000 cash and agreeing to pay $20,000 annually for three years, beginning on January 31, 2011. Assuming an interest rate of 10%, Richie should record the acquisition cost of the machine on January 31, 2010, at (Points: 4) $100,000 $94,712 $89,738 $62,092 47. Which of the following methods may not be appropriate for estimating bad debt expense? (Points: 4) percentage of net credit sales percentage of outstanding accounts receivable aging of accounts receivable percentage of sales 48. When an uncollectible account is written off under the estimated bad debts method, it (Points: 4) decreases net income increases working capital increases the accounts receivable net realizable value leaves total assets unchanged 49. Bad debt expense is normally reported on the income statement as a(n) (Points: 4) operating expense offset against gross sales financial expense in the other items section contra-revenue amount 50. Which of the following is not a disadvantage of using the direct write-off method for recording uncollectible accounts? (Points: 4) reports actual losses violates the matching principle allows manipulation of income overstates accounts receivable
