Answer:
Retrenchment strategy
Explanation:
Retrenchment strategy is often used in order to cut expenses with the goal of becoming a more financial stable business. A company that is reducing the scope of its activities by selling unprofitable business units or those no longer directly related to its overall aims is likely following a retrenchment strategy
The following are characteristics of Retrenchment strategy:
- designed to reduce the scale or scope of a corporation's business/ operations
- weaker competitors often resort to retrenchment when national business environments grow more competitive
- company that is closing factories with unused capacity and laying off worker sis likely following a retrenchment strategy
Due to the nature of CDs, once the money is deposited, it remains there until maturity (unless you wish to pay a large penalty) and the interest rate remains the same.
Age is not a factor in maturity; rather, maturity is determined by the way you decide to behave and react to different life experiences. It is essentially a stage of mental maturity or wisdom that affects every aspect of a person's life, from behaviour to interpersonal relationships. An emotionally mature person has attained (and strives to attain) a level of self-understanding with regard to their thoughts and behaviours, and after doing so, they decide how to effectively approach and cope with situations that could otherwise be difficult or problematic. Brain Maturity Continues Long After Adolescence Most laws consider 18 to be the legal age of adulthood. However, new research on brain development indicates that the majority of people don't attain complete maturity until they are 25 years old. Accepting responsibility for your own words and deeds may be the most crucial aspect of maturing as a person. Always keep in mind that things don't just happen to you. Your words and deeds have an impact on both you and other people because you are an agent in your own life.
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Answer:
A
Explanation: This answer makes the most sense to me
A change from straight-line depreciation to double-declining-balance depreciation would be reported as a restatement of the prior period statements only.
The term depreciation refers to an accounting technique used to spread the cost of a tangible or physical asset over its useful life. Depreciation indicates how much of an asset's value has been used. It allows companies to generate income from the assets they own by making payments over a period of time.
Depreciation expense is apportioned to charge a reasonable portion of the depreciation amount for each accounting period over the expected useful life of the asset. Depreciation includes the depreciation of assets with a predetermined useful life.
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Jake Skinner used a "Single Lump Sum Credit", which means he pays a single sum instead of paying over time.
