Which of the following conforms to the notion put forward by the school of thought associated with stage models? a. natural resource–seeking firms have compelling reasons to enter culturally and institutionally distant countries. b. firms enter culturally distant countries in later stages when they may gain more confidence. c. considerations of strategic goals are more important than cultural/institutional considerations. d. firms will enter culturally distant countries during their first stage of internationalization.

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

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3. describe the purpose of the sec. (1-4 sentences. 2.0 points)