The common ways through which firms fail financially includes under-capitalization, poor control over cash flow and inadequate expense control.
Majority of firms who failed financially are those firm with outdated financial plan or lack of current trend in the industry.
Why firms fail financially includes:
- Under-capitalization which is when the firm does not have sufficient capital to conduct normal business operations and pay the creditors.
- Poor control over cash flow is when the firm does not have firm control over the cash going in and out of the organization.
- inadequate expense control is when the firm does not effectively control the amount of expenses incurred for operation.
In conclusion, the common ways through which firms fail financially includes under-capitalization, poor control over cash flow and inadequate expense control.
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Answer:
C. Total assets are overstated
Explanation:
Adjusting Entry for depreciation will be as follows
Dr. Depreciation Expense XXX
Cr. Accumulated Depreciation XXX
Accumulated Depreciation account is a contra account of long term asset and deducted from the Long term assets value. By missing the above transaction the accumulated depreciation will be understated and Total assets account will be overstated.
The most effective long-range solution to a situation where a foreign government is demanding local participation in a multinational corporation's business activities in the host country is planned domestication.
Any company that is registered and conducts business in more than one nation at once is referred to as a multinational corporation (MNC), sometimes known as a transnational corporation. The corporation typically operates totally or partially owned subsidiaries in other nations while having its headquarters in one particular nation.
MNCs provide their goods and services in many different nations, necessitating global management. Multinational companies have many assets, a high rate of turnover, and aggressive marketing. The Multinational companies in India include LTI, TCS, Tech Mahindra, Deloitte, and Capgemini, to name a few.
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