Answer:
c. the exaggerated hockey stick
Explanation:
Based on the information provided within the question it can be said that the business plan error that Nan is incurring is the exaggerated hockey stick. In the context a business, "a hockey stick" explains a startups growth as a linear steady growth at launch until it hits a certain tipping point and has a growth explosion. It seems though, that in this scenario Nan is exaggerating the initial growth aspect of the startup as saying that they can capture 40% of the market, which is an extremely high value.
Answer: $1,400,000
Explanation:
The checks to creditors were only mailed out in January so the creditor accounts had not been settled in December.
The goods purchased on December 28 should be included in the accounts payable account.
The goods that were shipped FOB Destination and were not yet delivered at year end will not be accounted for because FOB destination means that Dole will only take ownership when it reaches them.
Accounts payable is therefore:
= 900,000 + 350,000 + 150,000
= $1,400,000
Answer:
a.when a corporation owns more than 50% of the common stock of another company
Explanation:
Many a times, a parent company holds stock in it's own subsidiary company. Consolidation refers to presentation of combined profitability of a group wherein a Parent Co holds majority of the common stock i.e more than 50% of the common stock in it's subsidiary.
Such a presentation presents the combined picture of a group and helps in better comprehension and understanding by the users of the financial statements.
If a parent owns 100% stock in it's subsidiary, such subsidiary is referred to as a wholly owned subsidiary.
The intended audience for the memo is <u><em>all company employees</em></u>. The tone of the memo should be <em><u>formal</u></em>. Finally, the purpose of the memo is <u><em>to make sure employees understand and follow the updated dress code</em></u>.
