Answer:
1. It has worsened
2. Yes (refer details below)
3. Refer details below
Explanation:
1. Performance
The performance of the company over the last three years has worsened as indicated by declining sales and decreasing current ratios impacting profitability and liquidity of the company.
2. Concerns
One of the most important concern for the company is its declining sales. It shows that the products are not competitive. Current ratios indicates liquidity crisis since they are decreasing.
3. Recommendations
The company's turnover ratio is high, which may indicates payments are being received timely, and hence the co. should take advantage of that
Low inventory turnover, on the other hand, indicates weaker sales and declining demand for a company’s products which is corroborated by the declining sales trend, the co. must increase its sales, launch new products, advertise aggressively.
Answer:
January 1, 2020
Explanation:
An S corporation isalso called small business corporation. It is a type of company that shields its owners in the case of liabilities. The owners are not directly liable for obligations of the corporation.
A calenders year of a company is defined as the fiscal year in which a company makes profit and declares a profit or loss within that time frame.
If shareholders file a revocation statement on March 20, 2019, to terminate their S corporation's S election, they will have to wait till the end of the fiscal year before the S corporation is terminated.
That is on January 1, 2020.
Answer:
$1,280,000 = cost of goods purchased
Explanation:
Giving the following information:
Inventory decreased by $80,000
COGS= $1,200,000
<u>If inventory decreased, the beginning inventory is lower than the beginning inventory</u>. We will use the following formula:
COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
1,200,000 = cost of goods purchased - 80,000
1,280,000 = cost of goods purchased
Answer: Transformational Leadership
Explanation:
Transformational Leadership could be described as a process where a leader is able to communicate plans, aim and goals with his or her team and they respond with improvement and rapid growth. Their growth was as a result of the leaders effect among them.
Johni can be seen as carrying out a transformational leadership due to she's able to turn around the tide of the with her employees as they now perform better based on her leadership pattern.
Answer:
B) decrease
Explanation:
The Keynesian Bathtub Theory is an analogy between the economy and a bathtub where increases in government spending, consumption, business investments and exports, are shown as water flows into the bathtub. Decreasing spending will decrease the inflow of water into the bathtub which will result in lower income and employment.
