Answer:
Stability
Explanation:
When a company wants to make a transition in leadership there are various strategies being such change depending on business needs.
For example a company may want a strategic change, an ambiguous change, an innovative change, or a stable change.
In the given scenario GE appointed Jeff Immelt a white male and long-time GE executive to succeed Jack Welch also a white male as their new CEO.
There is no change in the profile of the new leader, and the fact that he is a long-time GE executive shows they want to maintain the same traditions as before.
So this is a stable strategy
Answer:
$48,500
Explanation:
Price $42,500
Sales tax on the purchase $2,500
shipping and preparation costs $3,500
$42,500+$2,500+$3,500=$ 48,500
Therefore the truck should be recorded on the balance sheet prior to recording depreciation expense with $48,500
Answer:
see below
Explanation:
A firm may either opt to shutdown or declare bankruptcy if its making losses. A shutdown will involve ceasing operations and disposing of assets to pay creditors. Declaring bankruptcy shields the business from debt obligations or seizing of assets by its creditors.
Many businesses opt to declare bankruptcy because shutting down is costly. Except for properties, other assets are likely to be liquidated at costs below their book value. With the burden of debts shelved for some time, a business has a chance of bouncing back to profitability. A loss-making firm whose price is above the average variable cost should continue operating.
Answer: C. separation of legal ownership and management control
Explanation: Public traded company can go on with their operation undisturbed when the founder dies, because there is separation of ownership from management of the company.
Public traded companies usually have a board which management report to, the board is the highest decision making body in the company.
Answer:
Preparation of a statement of cash flows involves five steps
1. Compute net cash provided or used by operating activities.
This is the section where all the cash flow that belongs to the operating section are been added and subtracted according to the inflow and outflow of the transaction.
2. Compute net cash provided or used by investing activities.
This is the section where all the cash flow that belongs to the investing section are been added and subtracted according to the inflow and outflow of the transaction.
3. Compute net cash provided or used by financing activities.
This is the section where all the cash flow that belongs to the financing section are been added and subtracted according to the inflow and outflow of the transaction.
4. Compute the net increase or decrease in cash
This is the section where the cash-flow from operating, investing and financing activities is been balanced.
5. Report the beginning and ending cash balances and prove that the ending cash balance is explained by net cash flows.
After the cash-flow from operating, investing and financing activities is been calculated, Then, this section is also computed to derive the Closing/Ending cash balance
