When an industry matures, profits drop. Weaker companies are eliminated, and the strong companies survive.
Answer the following statement true (T) or false (F)
True
When an industry matures and growth slows, profits drop. New, high-growth industries offer enormous opportunities for profits.
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During the approach, a salesperson following Core Principles should:
A. use the showmanship approach. B. eliminate distractions for the prospect. C. implement creative imagery. D. focus on the needs of the prospect. E. ask the prospect direct questions.
In the early part of a product's life cycle, it faces greater competition from indirect competitors
than from direct competitors. Indicate whether the statement is true or false
Creditors of any trust beneficiary can attach the fund or the income to pay the beneficiary's individual debts
Indicate whether the statement is true or false
Presented below are the financial balances for the Boxwood Company and the Tranz Company as of December 31, 2017, immediately before Boxwood acquired Tranz. Also included are the fair values for Tranz Company's net assets at that date. Boxwood Tranz Co. Tranz Co.?(all amounts in thousands) Book value Book value Fair value 12/31/2017 12/31/2017 12/31/2017Cash$870 $240 $240 Receivables 660 600 600 Inventory 1,230 420 580 Land 1,800 260 250 Buildings (net) 1,800 540 650 Equipment (net) 660 380 400 Accounts payable (570) (240) (240)Accrued expenses (270) (60) (60)Long-term liabilities (2,700) (1,020) (1,120)Common stock ($20 par) (1,980) Common stock ($5
par) (420) Additional paid-in capital (210) (180) Retained earnings (1,170) (480) Revenues (2,880) (660) Expenses 2,760 620 ??Note: Parenthesis indicate a credit balance??Assume a business combination took place at December 31, 2017. Boxwood issued 50 shares of its common stock with a fair value of $35 per share for all of the outstanding common shares of Tranz. Stock issuance costs of $15 (in thousands) and direct costs of $10 (in thousands) were paid to effect this acquisition transaction. To settle a difference of opinion regarding Tranz's fair value, Boxwood promises to pay an additional $5.2 (in thousands) to the former owners if Tranz's earnings exceed a certain sum during the next year. Given the probability of the required contingency payment and utilizing a 4% discount rate, the expected present value of the contingency is $5 (in thousands).?Compute consolidated expenses immediately following the acquisition. A. $3,380. B. $2,785. C. $2,770. D. $2,760. E. $2,735.