Question

8. Identify the appropriate team members or stakeholders you must communicate with to authorise the following...

8. Identify the appropriate team members or stakeholders you must communicate with to authorise the following financial instruments and give reasons for your answers.

a) A new issue of common stocks. (30 words)

c) Extend accounts payable. (20 words)

d) Long-term bank loan. (30 words)

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Answer #1

(a) The team members or stakeholder we communicate with to authorise a new issue of common stock are the board of directors of the company and also to the general public who will subscribe in the shares of the company.

(b)The team members or stakeholder we communicate with to authorise extend accounts payables are creditors or suppliers of the company because it can only happen when they will agree to give goods or services on credit.

(c)The team members or stakeholder we communicate with to authorise long term bank loan are loan providers and also goverment because it can only happen when we get loan from financial institutions.

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