The selection of suppliers, design of supplier contracts, product design collaboration, procurement of material, and evaluation of supplier performance are a part of

If management should decide to expand its business internationally, it should determine the optimal level of global involvement by answering all but which of the following questions?

A) Should the firm directly export to another firm in the target country, or should it hire an export trading company to market its products? B) Should the firm license the use of it products under an international licensing agreement? C) Should the firm go international by joint venture, merger, or acquisition? D) Should the firm exercise its power of condemnation, and if so, to what extent?

A summary balance sheet for the Akerly, Baskin, and Crow partnership on December 31, 2014 is shown below. Partners Akerly, Baskin, and Crow allocate profit and loss in their respective ratios of 3:2:1

The partnership agreed to pay partner Baskin $500,000 for his partnership interest upon his retirement from the partnership on January 1, 2015. The partnership financials on January 1, 2015 are: Assets Cash $ 70,000 Marketable securities 190,000 Inventory 360,000 Land 110,000 Building-net 570,000 Total assets $1,300,000 Equities Akerly, capital $630,000 Baskin, capital 420,000 Crow, capital 250,000 Total equities $1,300,000 Required: Prepare the journal entry to reflect Baskin's retirement from the partnership: 1. Assuming a bonus to Baskin. 2. Assuming a revaluation of total partnership capital based on excess payment. 3. Assuming goodwill equal to the excess payment is recorded.