Answer:
A. $86,900
Explanation:
Henry’s capital account will be credited by the amount of $86,900. See computation below.
Cash $57,300
Equipment 34,100
Inventory 10,400
Note payable (14,900)
————
Total $86,900
*Both the equipment and the inventory will be recorded on partnership’s book at fair market value at the time of contribution.
*The partnership may absorb the obligation if it is associated with an asset contributed by partner. Thus, it will be deducted to his capital account as contribution to the partnership.
Answer:
d. Michaela and her team create goals that balance the strengths, roles, and responsibilities of individual team members.
Explanation:
Development of team goals is most effective when the set targets are effectively being achieved by the team as a whole.
This entails that each team member contribute their own quota to the process.
The whole team is now involved in execution of planned actions.
The best statement that portrays this is: Michaela and her team create goals that balance the strengths, roles, and responsibilities of individual team members.
Answer:
Capital Funds/Equity Capital
Explanation:
A company can raise their overall capital by selling off parts of the company in the form of stocks in which then people become shareholders, most of the time called investors. This is know as Equity Funding.
Answer:
TRUE
Explanation:
Strategic planning is an essential tool for any company, regardless of its size or area of activity, through it the company identifies what its objectives and goals are for a period of time and develops action plans to achieve them. Through strategic planning, the company also seeks to identify its mission, vision, values, policies and procedures that will assist it in reaching its goals.
To be effective, it must be aligned with the organizational identity, be properly implemented and monitored.
