It shows that individuals in that market are price sensitive as the demand for old navy jeans.
Answer:
Strategic leadership refers to a manager’s potential to express a strategic vision for the organization, or a part of the organization, and to motivate and persuade others to acquire that vision. Strategic leadership can also be defined as utilizing strategy in the management of employees. It is the potential to influence organizational members and to execute organizational change. Strategic leaders create organizational structure, allocate resources and express strategic vision. Strategic leaders work in an ambiguous environment on very difficult issues that influence and are influenced by occasions and organizations external to their own.
Answer:
Luxury Suites Hotels
Balance Sheet as of December 31, 2018:
Liabilities:
Current Liabilities:
Sales Tax Payable 400
Interest Payable (due next year) 1,000
Estimated Warranty Payable 1,300
Salaries Payable 2,600
Discount on Bonds Payable 13,500
Accounts Payable $33,000
Total current liabilities $51,800
Long-term Liabilities:
Note Payable (long-term) $200,000
Bonds Payable (due 2022) 450,000
Total long-term liabilities $650,000
Total liabilities $701,800
Explanation:
The Hotel's liabilities are the financial obligations that Luxury Suites Hostels owes the debt providers for funding its assets. They are divided into two: current and non-current or long-term liabilities. The obligations that are expected to be settled within the next one year are classified as current. The other obligations which are not expected to be settled within one year are called noncurrent or long-term liabilities. Liabilities are forms of leverage or gearing that a company employs to help her in generating profits for equity stockholders.
Answer:
Option C is the correct option.
Explanation:
As the rights and obligation of the antique rocking chair are been passed to third party, so the damage caused by the checque been bounced is the monetry consideration agreed between the party to the contract, McGraw and Tellis. So Tellis may recover money damages from McGraw. However there is a special condition that can allow Tellis recover his asset from Rio if the third party knew before purchase of this asset, that the checque paid to Tellis by McGraw was dishonoured but still he contracted with McGraw to acquire the antique rocking chair.
Overall the option C is the correct option with which the case scenario relates.
The main difference between service companies and retail or manufacturing companies is that retailers and manufacturers must account for;
- Inventory and Cost of Goods
Inventory refers to the goods in stock which the business wishes to sell in order to make a profit from.
Retailers and manufacturers produce items that will be sold and these items need to be stocked somewhere till the need for them arises.
The same is not applicable to service companies because they do not have physical goods to sell.
Also, the cost of goods refers to the direct cost of producing goods. Since service companies do not produce goods, this is not accounted for.
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