Based on the type of customers that both companies served, this is a <u>horizontal merger. </u>
<h3>What is a horizontal merger?</h3>
- This refers to a situation where companies in the same industry but with different market targets combine.
- This is often done to increase market share and efficiency.
North American Van Lines and Allied Van Lines targeted different customers so when they merged, this was a horizontal merger.
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The key revenue accounts that are usually included in the cycle
can help know more about business’ income moves through the company's
accounting system. These are:
-Cash
-Sales
-Accounts Receivable
-A/R Subsidiary Ledger
-Financial Receivable
-Allowances for Doubtful Accounts
-Bad Debt Expense
-Sales Discounts
-Sales Returns and Allowances
-Leases
-Warranty Expense
-Warranty Liability
-Sales Commission Expense
Accounts that Involve Critical Accounting Estimates:
-Warranty and Additional Service Actions
-Automotive Sector
-Financial Service Sector
-Operating Leases-
Allowance for Credit Losses
-Allowance for Doubtful Accounts
-Bad Debt Expense
-Lease
<span> </span>
Answer:
In each succeeding payment on an installment note:
b. The amount that goes to interest expense decreases.
Explanation:
With each installment settled, the principal amount will continue to reduce and as a result, the amount that will be recognized as interest expense will also decrease. This is because the interest expense is calculated based on the principal amount, which is decreasing with each installment. The interest expense for a previous period will not be the same for the future period.
Helena works in the specialty in Employee relations .
<h3>Define employee engagement and job satisfaction with respect to Theory of Motives and Needs.</h3>
Job satisfaction is an evaluation, whereas organizational culture is a description.It should be noted that maintaining employee engagement falls under the purview of the human resources department because it is essential to achieving organizational goals.
For instance, according to the idea of motives and wants, managers must make sure that every employee is completely committed to or enthusiastic about their work.According to this hypothesis, employee motivation is boosted if they are engaged in and enthusiastic about the work that motivates them.
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Answer:
A) Fairness of financial statements.
Explanation:
Auditors review the financial statements of firms.
An unqualified or clean audit opinion means the financial statements are true and fair.
A qualified opinion means that there is some exception to accounting standards in the financial statement.
An adverse audit opinion means that the financial statement are not fairly represented
