Answer:
Find attached trial balance as well the general ledgers prepared extracting trial balance
Explanation:
Preparation of trial balance could not be carried out straightaway , I had to first of all prepare the relevant ledgers before extracting trial balance.
Answer:
Diverstiture or Selling assets from another division to pay for Bryan Food
Explanation:
Divestiture
This is the process of disposing a company's business unit or assets through bankruptcy, closure, exchange or sale for different purposes.
Reasons for DIvestiture
1. To sell off redundant business units - business units that are not being used or not generating income but are incurring expenses can be sold off to get some gains.
2. To generate funds - Selling a business unit for cash is a source of income. This is the choice or last resort of Sara Lee to acquire Bryan Foods
3. To ensure business survival or stability- Can be an option to declaring complete bankruptcy or closing off business completely
4. To increase resale value- Selling individual unit assets of a business is more profitable than selling the organisation assets en-mass or as a whole piece
Sara Lee Corporation and Bryan Foods
Sara Lee already has a variety of industries, apparently from these variety there are those ones that after much consideration could be redundant units or a not generating as much income or profit as expected.
Because Bryan Foods represents 'a tremedous' opportunity, with the potential to make Sara Lee more successful, the last resort is to pick assets or business units in Sara Lee that may be redundant or potentially generate less than Bryan Foods will and sell them in order to acquire Bryan Foods.
This is the last resort for Sara Lee.
Answer: The correct answer is "sole proprietorship".
Explanation: The profits are donated to an orphanage. In the given scenario, Jovi's Corner is most likely an example of a <u>sole proprietorship.</u>
Clearly Jovi's Corner is an example of sole proprietorship since at the death of its owner there was no heir to manage the store or any partner or employee who had sufficient capacity and interest to continue managing the store.
The times-interest-earned ratio is one indication of a firm's ability to meet both long-term and short-term obligations. - True
<h3>
What is Short term obligations?</h3>
- Current liabilities, often known as short-term debt, refer to a company's debts that are due to be repaid within a year.
- Short-term bank loans, accounts payable, salaries, lease payments, and income taxes payable are typical examples of short-term debt.
- The quick ratio is the most often used indicator of short-term liquidity and is crucial in evaluating a company's credit rating.
To learn more about short-term debt, refer to the following link:
brainly.com/question/14843215
#SPJ4
Answer:
Green Frog would be conducting an internal analysis
Explanation:
An internal analysis is an exploration of your organization’s competency, cost position and competitive viability in the marketplace. Conducting an internal analysis often incorporates measures that provide useful information about your organization’s strengths, weakness, opportunities and threats – a SWOT analysis.
The analysis to understand which resources and capabilities are likely to be sources of competitive advantage and which are less likely to sources of such advantage by Green frog is an Internal analysis which is focusing on its Strength and weakness of its firm.
