NO. Lenders doesn't always accept application for credit. They always perform investigation about the financial status of the applicant. Only once the financial status of the applicant is finished reviewed and passed, the application for credit will be accepted.
Answer:
True
Explanation:
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<span>Now we have decided to change our market strategy to one which has taken the form of team management. We have best decided to change from one overall manager to smaller, self managed teams which we believe will be better for the company and the productivity of the team and show overall improvement. We hope that we will have your continued support on this matter.</span>
Answer:
The value of net income is $3,008,000
Explanation:
Income statement:
Revenues= 9,100
COGS= (2,730)
Gross profit= 6,370
Other Expenses= (600)
Sales, General, & Administrative Expenses= (910)
Depreciation Expenses= (500)
Interest Expenses= (180)
EBT= 4,180
Tax= (1,672)
Depreciation= 500
Net income= 3,008
The value of net income is $3,008,000
Risle Incorporated is a paper supply company. One of its largest customers is Allende Publishers, a publishing house that makes books. If Risle Incorporated decides to acquire and merge with Allende, the merger is most likely to be called a vertical merger.
<h3>
What is vertical merger?</h3>
A vertical merger is the union of businesses that operate at various phases of the production process, such as raw materials, finished goods, and distribution. A merger between a steel manufacturer and an iron ore producer serves as an illustration.
Some characteristics of vertical merger are-
- A vertical merger is when two or more businesses come together to provide various supply chain services for a single item or service.
- Most frequently, a merger is implemented to boost business, get more control over the supply chain process, and create synergies.
- Usually, a manufacturer and a supplier are involved. Contrarily, a competitor in the same industry as the purchasing company is acquired in a horizontal merger.
- A vertical merger's primary goals are to gain market share, boost productivity, and maximize cost reductions in order to generate larger profits.
- An example of a vertical merger would be an automaker combining with a parts supplier.
- A arrangement like that would give the car division better access to parts pricing and increased manufacturing process control.
- In turn, the components section would be ensured a consistent flow of business.
To know more about vertical merger, here
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