True.The financial crisis hastened the ongoing process in which the financial services industry was transforming from having a few large firms to many small firms.
Explanation:
The financial crisis broke the back of many big firms especially working the stock market and exchange. Financing services were being handled by big behemoths during the time that harbored a lot of space in the industry and did not allow smaller firms to take over the tasks and succeed in their stead.
The crisis made it impossible for their business models to sustain and no one could afford a hefty sum for financial services so smaller companies with less operational costs took their place.
<span>Net worth is calculated by adding all of your assets together and then subtracting your total amount of debt. In this case, your net worth are the items you own and how much value they are worth. The car ($3200) and the investments ($7500) added together make a total of $10700. Your total debts are $1300 from your credit cards. Subtracting debts from assets ($10700 - $1300) you have a total net worth of $9400.</span>
During the testing stage, a firm should take feedback from various stakeholders on how the solution meets the needs of the problems or concerns they shared with you in interviews.
Design thinking is a concept used by organizations including businesses to improve their products and services. It is a solution-based approach to dealing with issues. There are main stages in the process of design thinking. They are Empathize, Define, Ideate, Prototype, and Test.
The test stage is the final stage in which the solutions or products are tested to see if they meet the needs of the stakeholders. The designers will rigorously test the complete product and gauge the response of stakeholders. This can lead to modifications to the product. The goal is to understand the product and its users.
To learn more about design thinking: brainly.com/question/12108094
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Answer:
1)
Debit Cash/Bank 27,000 (4,500 shares x $6 per share)
Credit Common Stock 13,500 (4,500 shares x $3 per share)
Credit Paid-In Capital in Excess of Stated Value—Common 13,500 (4,500 shares x $3 per share)
2)
Debit Cash/Bank 135,000 (4,500 shares x $30 per share)
Credit preferred Stock 135,000 (4,500 shares x $30 per share)
Explanation:
any issuing price of stock above par value will be credited in "Paid-In Capital in Excess of Stated Value—Common"
payback and discounted payback
