On the above scenario, the <span>management of the company has engaged in </span>taking the firm private. This move of a stockholder/s is taking the stocks of the company for themselves. This is also called as "going private" meaning the shareholder are not going to deal their stocks in the stock market or an open market.
Answer:
The correct answer is option (c) the company used more labor hours than allowed by the standards.
Explanation:
The efficiency of direct labor difference tells that how efficiently direct labor has worked. If it is not favorable, it suggest that direct labor has used more labor hours than permitted by standard.
In this example given, the question direct labor difference or variance is unfavorable 17000U, it means that, direct labor was done inefficiently and has used 1000 hrs (21000-2000)more than normal standard practice or way.
Answer
Financial institutions affect households and business by determining eligibility towards receiving loans. In addition to that, fees being charged by the institutions may force other individuals to find alternative financial services.
Explanation
A financial institution is a finance company that makes loans available to clients. It facilitates financial transactions with businesses and companies. Financial institutions have strict time parameters that may sometimes limit business owners when conducting transactions, for example routing of mails and internet banking. These institutions have fees that they charge that may force many business owners to find alternative financial services. Moreover, financial institutions have affected households and businesses because they determine who is eligible for a loan. For example, if a person is not approved for a loan, they will not be able to pay for housing in form of mortgage.
Answer:
The ending cash account balance for Apricot Inc is $8,297.
Explanation:
There are three components in the statement of cash flows:
- Operating activities - Here, non-cash items applied to deriving the net income based on the accrual basis are adjusted for. Also, the movement in working capital and liabilities are accounted for.
- Investing activities encompass the assets purchased to generate the net income.
- Financing activities: These include activities that are geared towards improving the capital structure of the organization.
In deriving the cash flows at the end of the period, the balances in the activities above are added up, either outflow or inflow. Then the addition is added to the beginning balance of cash flows. This is done below.
Net cash flow provided by operating activities $45,042
Net cash flow used in investing activities ($20,831)
Net cash flow used in financing activities ($27,997)
Beginning cash account balance $12,083
Ending cash account balance $8,297