Which of the following would be most useful when valuing your company?
a. advice from family and friends
b. success of a similar company in another part of the country
c. advice from an accountant who has clients in a similar market and industry
d. industry experts from another part of the country
c. advice from an accountant who has clients in a similar market and industry
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Rashid, the CEO of Top Productions, said to his new vice president of accounting, "In the past I had resistance to new ideas by employees who felt that our plans threatened their influence or their jobs. So when you tell your collections department that we just hired a collection agency to handle bad debt, you may have to sell your collections manager and his supervisors on using the agency. You also have to emphasize the fact that nobody is going to be laid off." Selling middle and supervisory managers on changes to overcome their resistance is often a necessary part of
A. reality assessment. B. strategy formulation. C. strategic control. D. operational control. E. strategy implementation.
Applied Foods Corp. had cash sales of $598,000 during the month of August. Sales taxes of 6.5% were collected on the sales. Prepare the journal entry to record the sales revenue and sales tax for the month
What will be an ideal response
Russ Belmont is a staff accountant at a bank in the downtown Phoenix area. Belmont is sent to various branches throughout the state to do audits and has an accident while en route to one of the audits. Which of the following statements is true?
Customers at an amusement park arrive at the rate of 10 customers per hour. The entry booth is staffed by one employee. The mean service time at the booth to provide service to each customer is 5 min. The arrival rate follows a Poisson distribution, and the service time at the booth follows a negative exponential distribution. Determine the average time a customer spends in the system.
A. 30 min B. 20 min C. 45 min D. 15 min