Answer: A corporation is a legal entity that is separate and distinct from its owners.
Answer:
a) attached below
b) X < 2.7767.8
Explanation:
Working with the information available
a) Diagram of the cash flow of both alternatives ( Buying and leasing alternatives )
attached below
b) Determine the value of X if the company leases the truck
Given that : MARR = 7%
assuming end-of-year lease payments
Note : The company will only lease the truck if the cost of buying the truck is higher than the cost of leasing in the long term
<u>∴ we will calculate for The cost of buying ( equivalent annual cost ) </u>
= -8000( A/P, 7%, 5 ) - 9000 - 1000 (A/G, 7%, 5 ) + 15000 (A/F, 7%, 5 )
= - 27767.8
Hence the value of X that the company should lease instead of buying will be : X < 2.7767.8
Succession planning is wherein is the process of developing individuals for key positions as well as leadership training for the future. This is usually wherein employees are being assessed to have a specific position that they would in someday.
Examples would be:
<span>1. </span>To retain the talents of the employees and to create an attraction for the company for future job seekers.
<span>2. </span><span>The continuity of leadership through development for future achievements.</span>