A $6,000, 60-Day, 12% Note Recorded on November 21 Is

question 38

Multiple Choice

A $6,000, 60-day, 12% note recorded on November 21 is not paid by the maker at maturity. The journal entry to recognize this event is

• A) debit Cash, $6,120; credit Notes Receivable, $6,120
• B) debit Accounts Receivable, $6,120; credit Notes Receivable, $6,000; Credit Interest Receivable, $120
• C) debit Notes Receivable, $6,060; credit Accounts Receivable, $6,060
• D) debit Accounts Receivable, $6,120; credit Notes Receivable, $6,000; Credit Interest Revenue, $120

Explain the advantages and challenges of employing host-country nationals versus expatriates in foreign operations.

Understand the role of HR practices and labor force attributes in the international expansion of businesses.

Recognize the importance of cultural compatibility and flexibility for expatriates’ success in foreign assignments.

Acknowledge the legal and operational challenges in international human resource management, including workforce reduction and labor laws.

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Definitions:

Relational Escalation

The process of increasing intimacy, commitment, or closeness in a relationship, often moving through predictable stages.

Self-Disclosures

The act of revealing personal information about oneself to others, which can play a critical role in building trust and intimacy in relationships.

Power Relationships

The dynamics of control, influence, and authority among individuals or groups in a social or professional context.

Social Exchange Theory

A social psychological perspective that explains social change and stability as a process of negotiated exchanges between parties.