Which of the following should be accomplished by a new owner who purchased an existing business?
A. He or she should devise layoff plans taking enough time so that he or she obtains the goodwill of the employees.
B. He or she should make all significant changes in one day so as to alleviate any lingering concerns by the employees.
C. He or she should wait for at least 6 months before informing customers and suppliers of the sale of the business.
D. He or she should ensure the former owner comes to the business every day for at least 30 days following the sale.
Answer: B
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Answer the following statement true (T) or false (F)
List the steps of the capital budgeting process and identify actions that relate to each step
What will be an ideal response
According to Fisher, in the absence of government interference and holding risk constant, real rates of return across countries will be equalized through a process of ____
A) margining accounts B) transaction transference C) arbitrage D) equalization of costs
Chimilio Clinic uses client-visits as its measure of activity. During June, the clinic budgeted for 3,400 client-visits, but its actual level of activity was 3,360 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for June: Data used in budgeting: Fixed Element per MonthVariable element per client-visitRevenue - $33.70 Personnel expenses$27,300 $10.70Medical supplies 1,200 5.50Occupancy expenses 9,000 1.50Administrative expenses 4,100 0.30Total expenses$41,600 $18.00 Actual results for January: ?Revenue$112,062 Personnel expenses$64,602?Medical supplies$19,900?Occupancy expenses$13,640?Administrative expenses$5,068???The medical supplies in the flexible budget for
June would be closest to: A. $19,900 B. $19,680 C. $19,666 D. $20,137