Case summary:
Company WT is one the world’s largest and most successful retailer company. In Country UA it is the formula for low prices, cost control better inventory management practices and others. The company began to expand into other countries. They have slipped up in many countries such as Country IA, Country GY, Country SK, and others.
The cultural differences of the countries made it increasingly difficult for the business practices for Company WT. The difficulty in adjusting the business practices of Company WT to the different cultural differences was one of the biggest reasons for its slip-ups.
To explain: Why Country IA, Country GY, Country SK, and Country RA are attractive for Company WT and if company WT must concentrate on one or few of them to be successful.
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International Business: Competing in the Global Marketplace
- Provide answer general accountingarrow_forwardSarasota Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Quantit Cost per Item Estimated Selling No. y Unit Price Cost to Complete and Sell 1320 1,700 $3.62 $ 5.09 $1.81 1333 1,400 3.05 3.84 1.13 1426 1,300 5.09 5.65 1.58 1437 1,500 4.07 3.62 1.53 1510 1,200 2.54 3.67 1.58 1522 1,000 3.39 4.41 0.90 1573 3,500 2.03 2.83 1.36 1626 1,500 5.31 6.78 1.70 From the information above, determine the amount of Sarasota Company inventory (in dollars).arrow_forwardDifferential Chemical produced 18,000 gallons of Preon and 39,000 gallons of Paron. Joint costs incurred in producing the two products totaled $8,500. At the split-off point, Preon has a market value of $11 per gallon and Paron $3.5 per gallon. Compute the portion of the joint costs to be allocated to Preon if the value basis is used. Please answerarrow_forward
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