Exit strategies involve an initial public offering, private sale of stock, succession by a family member or a nonfamily member, merger with another company, or liquidation of a company.
What is exit strategy?
When specified conditions either have been fulfilled or exceeded, an investor, trader, venture capitalist, or business owner would implement an exit strategy, which is a contingency plan, to liquidate their position in one or more financial assets or to sell tangible company assets.
Why exit strategy is important?
Creating a smooth transition for your management team and other stakeholders. Generating a potential income for retirement or disability. Enhancing the future worth of your business. Reducing or deferring the potential tax impact on your estate, spouse or family.
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Some of the mergers and acquisitions of Tesla company includes:
- SolarCity
- Perbix
- Compass Automation
- Maxwell Technologies, etc
<h3>What is a Merger?</h3>
This refers to the transfer of ownership between different companies where one company and their operating units are consolidated.
Some of the problems and internal challenges faced by Tesla during these mergers and acquisitions include:
- They were making too many mergers at the same time
- They spent over $2.80 billion on the acquisitions
- They alienated themselves from other carmakers who were partnering and merging, etc
The size of the market and the growth strategy of Tesla company is:
- Their target is to produce as many affordable cars as possible
- They want to use their own technical know how and that of others to produce more eco-friendly cars
- The growth strategy is to become one of the trusted and safest car brands in the world.
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When the benchmarking data in the most recent FIR shows that the majority of sellers of Private-Label footwear had a margin over direct costs per pair sold that was below $5, It Is reasonable for a company's management team to abandon efforts to win Contracts to supply private-label footwear to chain retailers in a given year.
<h3>What is private label and private label retail?</h3>
- A contract or third-party manufacturer creates a private label product, which is then marketed and sold by a retailer.
- The retailer, decide everything about the product, including what goes inside.
- How it is packaged, and how it looks on the label.
- Also pay to have it made and shipped to your store.
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Answer:
Salaries and wages payable...................Dr $20,000
Salaries and wages expense $20,000
Explanation:
As per accrual system, an expense is incurred when it is accrued irrespective of when it is paid. So, $20,000 was accrued in December 31, salary and wages expenses would have been debited then amounting to $20,000.
In order to rectify the mistake of double counting, the entry passed by the accountant would be reversed to nullify the effect.
Adjusting Journal entry:
Particulars Debit Credit
Salaries and wages payable $20,000
Salaries and wages expense $20,000
(Being double counting of salaries and
wages expense rectified)
Answer:
merchandise inventory
Merchandise inventory
Merchandise inventory
Merchandise inventory
Merchandise inventory
Merchandise inventory
Explanation:
When the perpetual inventory method is being used, the accountant debits <u>merchandise inventory </u>and credits Accounts Payable (or Cash) when goods are purchased and debits Cost of Goods Sold and credits <u>merchandise inventor</u>y when gods are sold, along with the proper sales entry.
When the perpetual inventory method is being used, the accountant debits <u>merchandise inventory </u>and credits Accounts Payable (or Cash) when goods are purchased and debits Cost of Goods Sold and credits <u>merchandise inventor</u>y when gods are sold, along with the proper sales entry.
When the perpetual inventory method is being used, the accountant debits <u>merchandise inventory </u>and credits Accounts Payable (or Cash) when goods are purchased and debits Cost of Goods Sold and credits <u>merchandise inventor</u>y when gods are sold, along with the proper sales entry.
The cost of each sale transaction ensures that the merchandise inventory account under a perpetual inventory system reflects the updated cost of merchandise available for sale.
