Final answer:
Bailey Delivery Company, Incorporated, likely engaged in purchasing delivery vehicles, selling company shares, hiring new employees, and acquiring a competitor as part of its initial business setup and expansion activities in its year of organization.
Step-by-step explanation:
The subject question pertains to transactions carried out by Bailey Delivery Company, Incorporated, during its organizational year. It asks for an identification of likely business activities conducted by the company in that timeframe.
The transactions that likely occurred during Bailey Delivery Company's organizational year in 2021 would possibly include purchasing delivery vehicles, selling company shares, hiring new employees, and acquiring a competitor.
When a company is organized, it generally engages in several key transactions to establish and expand its operational capabilities. These commonly include the acquisition of necessary assets such as delivery vehicles to facilitate its services, which is critical for a company specializing in deliveries. The sale of company shares often occurs as a way to raise capital to fund these initial expenses and future growth activities. A growing company also needs to build its workforce, hence the hiring of new employees is an expected transaction. Furthermore, the company might seek to rapidly expand its market share or capabilities through strategic moves such as the acquisition of a competitor, although such a move would typically require considerable capital and strategic planning. These transactions are fundamental elements for setting up and scaling the business operations of a newly organized company like Bailey Delivery Company.