Profits decline in the maturity stage, largely because of increased competition.
Answer the following statement true (T) or false (F)
True
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Strategic advantage occurs when an organization analyzes the ______ better and reacts to it quicker than its competitors do while using all of its internal resources efficiently, thus creating the sustainable competitive advantage.
A. environment B. employees C. management D. vision
Which of the following would appear in both the operating activities section of the direct method format and the reconciliation of earnings to net operating cash flow format?
a. Sale of cash equivalents at a gain b. Sale of cash equivalents at cost c. Dividends received on equity method investments d. Collection of an account receivable previously written off
Explain why the discounted cash flow analysis (DCFA) approach to value the operating firm is considered the “gold standard” of valuation.
What will be an ideal response?
Derrick, a finance graduate, has joined an accounting firm. The firm opens a bank account for him in which his salary gets automatically deposited. He receives a modest but consistent amount of interest on the deposited amount. He does not use the money from the account for his daily expenses but keeps it aside to cover major future expenses. In the context of this scenario, which of the following accounts has the firm opened for Derrick?
A. A concentration account B. A basic checking account C. A fixed deposit account D. A savings account