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kodGreya [7K]
2 years ago
9

The duties of the ______ involve reviewing the organization's financial objectives and major strategies, providing advice to top

management, and reviewing systems to ensure compliance with laws and regulations.
Business
1 answer:
Svet_ta [14]2 years ago
5 0

It should be noted that  duties of the board of directors involve reviewing the organization's financial objectives and major strategies in organization.

<h3>Who were board of directors?</h3>

board of directors  can be regarded as the elected group of individuals that represent shareholders.

They provide advice to top management, and reviewing systems to ensure compliance with laws and are governing body .

Learn more about board of directors at;

brainly.com/question/4771644

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The primary goal of managerial accounting is to provide information to A. internal decisionminusmakers. B. creditors. C. shareho
mylen [45]

Answer:

A. internal decision makers

Explanation:

Managerial accounting is a form of accounting the identification, analysis and interpretation of an entity's information for the pursuance of its set goals and objective by internal users such as Managers.

The information presented by managerial accounting is used by management in making key business decisions.

Elements of managerial accounting includes budgeting and forecasting which differs from financial accounting uses historical data and is meant majorly for external users such as creditors and shareholders.

Hence the primary goal of managerial accounting is to provide information to internal decision makers.

4 0
3 years ago
What is the term that refers to the management and processing of information using computers and computer networks?
Lapatulllka [165]
<span>Information Technology refers to the management and processing of information using computers and computer networks. People who are trained in this field must be able to use computers for the storage of data, data retrieval, sending data, processing data, maintenance and a bunch of other technical duties. Information technology requires an understanding of computer software, hardware and networks.</span>
6 0
3 years ago
A small business invests $9,900 in equipment to produce a product. Each unit of the product costs $0.65 to produce and is sold f
Lelechka [254]

Answer:

To break even the company must sell

Explanation:

The position at which the company is at no profit and loss position then it is said that the company is at breakeven position.

Break-even position can be found from the following position:

Breakeven position = Fixed cost /  contribution per unit

The fixed cost here is initial investment which is $9900 and the contribution can be found by taking the difference between selling price per unit and variable cost per unit. The contribution per unit is $0.55 per unit ($1.2 - $0.65). By putting values in the above equation we have:

Breakeven position = $9900 / $0.55 per unit = 18000 Units

So 18000 units are required to sell to reach at a no profit no loss position.

3 0
3 years ago
A materials requisition slip showed that direct materials requested were $36000 and indirect materials requested were $6000. The
Svetlanka [38]

Answer:

The entry to record the transfer of materials from the storeroom is

Debit Work in process                                 $ 36,000

Debit Factory overhead control                  $   6,000

Credit Material Account                               $ 42,000

The material is accounted in material stock account when purchase. Latter if material is used directly it is taken in work in process account. Indirect material is accounted in FOH account.

5 0
3 years ago
Tom has a qualified retirement plan with his employer that is currently considered to be 80% "vested". how can this be interpret
velikii [3]
'Vesting' as used in retirement plan means ownership. Every employ owns a certain percentage of their account in the plan each year. An employ who is 100% vested in his account own all the money in his account and the employer can not take any part of his money in case he wants to retire. In the question given, Tom is only 80% vested, which means that if he decides to retire today, he is going to forfeit 20% of his retirement plan.
5 0
3 years ago
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