ASSESSMENT 2 Assignment Example | Topics and Well Written Essays - 3500 words

ASSESSMENT 2 - Assignment Example Another important aspect that is worth mentioning in the paper is the fact that there was a limited period of time that the company gave when it comes to the claiming of the funds by the owners of the money used in the business operation. This was therefore the means that the company employed to enable it to realize exorbitant sales and so is the profit. It is quite normal that the aim of every business entity is to make profits and so all businesses will do all he possible actions just to enable them reach this aim. During the liquidation, the firm therefore found out it a bit challenging since there was the need for the payment of the moneys that were taken from the mother company, Fone4U to the new subsidiary company Telephony Limited. This is the case that the company is now facing. It therefore calls for the necessity of giving some pieces of advice to the various stakeholders who were involved on this kind of business transactions on he various measures that they can take to sa ve the situation (Alex, 2012). On giving advice to the customers, it is important to highlight that the customers need to take various actions to enable them to get the 60% of the finances that they are entitled to claim from the company. For any transaction that involves parties, it is always very clear to have a written document as proof that kind of show that there was an agreement that was made by the parties. This therefore binds the company with the other parties who are affected in one way or the other based on the actions that the company has taken. Considering this, it is important to note that the customers therefore were in some form of binding agreement with the company that they were to claim the money in limits of three days and because this was quite short for certain customers to make it there, some had to let the money stay and continue with the business operation (Matt, 2011). This was the core factor that made the business to make