After a new company has developed a customer base, management needs to build more structure into the organization. In Greiner’s model, the will focus on accounting, and capital management will drive most business decisions.

Employees who are paid to complete a task, such as build a house, are paid on a(n) basis

Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest.extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of

Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false