On January 2, 2020, Gabon Corp

question 19

Multiple Choice

On January 2, 2020, Gabon Corp. purchases a new machine. The company makes a $ 2,000 cash down payment, and agrees to pay four annual instalments of $ 4,000 each, starting December 31, 2020, signing a non-interest-bearing note to this effect. The cash equivalent price of the machine is not known, but the appropriate interest rate for this type of transaction is 9% p.a. Rounding to the nearest dollar (if necessary) , Gabon should record the cost of the machine at

• A) $ 18,000.
• B) $ 16,000.
• C) $ 14,959.
• D) $ 12,959.

Describe the legal and ethical considerations for companies operating internationally, including adherence to local laws, labor practices, and anti-corruption measures.

Comprehend the concept of culture and cultural intelligence in the context of international business.

Recognize the challenges and criticisms faced by multinational corporations (MNCs) from host countries.

Understand the benefits and potential drawbacks of relationships between host countries and MNCs.

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Definitions:

Fun

Activities or experiences that are enjoyable, amusing, or entertaining.

Dominant Discourses

Prevailing social narratives that shape our understanding of the world and influence power dynamics within society.

Societal Stories

Narratives or themes that are prevalent in a society, reflecting its values, beliefs, and norms.

Socio-cultural Practices

The collective habits, traditions, rituals, norms, and activities that are characteristic of a given community or society, shaped by its cultural and social contexts.