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1 year ago

The responsibilities of the board of directors includes: Group of answer choices Caring for shareholder interests A

1 answer:

3 0

A corporation's shareholders elect the board of directors to supervise, direct, and make business decisions on their behalf.

<h3>What are board of directors responsible for?</h3>

Generally speaking, the board serves as a fiduciary, setting broad rules and making significant decisions on behalf of the business and its shareholders. The hiring, firing, and salary of senior executives are all matters that fall under the authority of a board, as well as mergers and acquisitions, dividends, and significant investments.

The primary obligations of board members to shareholders are related to their fiduciary duties, which include the obligations of care, loyalty, and obedience. Board members are expected to put the needs of the company ahead of their own in carrying out these tasks.

<h3>Who is responsible for shareholders interests?</h3>

A corporation's shareholders elect the board of directors to supervise, direct, and make business decisions on their behalf. As a result, the board is directly in charge of overseeing and safeguarding the interests of shareholders in the business.

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I. the European Union

svet-max [94.6K]

Answer:

C). I, II, and IV only

Explanation:

The Association of Southeast Asian Nations (ASEAN), the European Union (EU), and the North American Free Trade Agreement (NAFTA) are bodies that promote trade and economic cooperation among member countries. They are treaties that aim are accelerating economic and social integration by eliminating or minimizing restrictions on the movement of people and commodities across borders.

Opec is an association of oil-producing countries. Its objective is to have similar oil policies in member countries. Opec is a cartel-like group that aims at controlling international oil prices.

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3 years ago

Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.)

Mila [183]

Answer: Cost of Goods sold

Explanation:

Common size analysis refers to making all entries in the income statement, a percentage of sales for that year.

Current Year Prior Year

Sales 100% 100%

Cost of Goods sold 75.7% 46.5%

Gross Profit 24.3% 53.5%

Operating expenses 17.3% 35%

Net Income 7.0% 18.5%

<em>Looking at the percentages above, one can see that the COGS increased the most from the previous year by going from 46.5% to 75.7% representing an increase of 29.2%.</em>

<em>This had the most impact on Net income as it substantially reduced Gross profit. </em>

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3 years ago

At the end of 2001, Lehnhoff Inc. had $75 million in cash on its balance sheet. During 2002, the following events occurred: The

Zepler [3.9K]

Answer:

The multiple choices are:

a. $200 Million

b. $50 Million

c. $1.4 Billion

d. $100 Million

The correct option is A,$200 million

Explanation:

The increase in cash recorded from the statement of cash flows prepared in the year plus the opening balance of cash at the beginning of the year gives the cash balance at the end of the year shown below:

Increase in cash in the year=cash flow from operations+cash flow from financing activities-cash flow used on investing activities

increase in cash in the year=$325+($500-$100)-$600=$125 million

cash at the end of the year=$125 +$75=$200 million

6 0

3 years ago

Is 5 a composite or prime number

enot [183]

5 is a prime number

5 0

3 years ago

Read 2 more answers

Baltimore Baking is preparing its cash budget and expects to have sales of $30,000 in January, $35,000 in February, and $35,000

Tcecarenko [31]

Answer:

The correct answer is $33,000.

Explanation:

According to the scenario, the given data are as follows:

Jan sales = $30,000

So, Amount collected in March of Jan. = 40% x $30,000 = $12,000

Feb sales = $35,000

So, Amount collected in March of Feb. = 40% x $35,000 = $14,000

Mar. sales = $35,000

So, March cash sales = 20% x $35,000 = $7,000

So, we can calculate the total cash receipts in march by using following formula:

Total cash receipts in march = Amount collected in March of Jan + Amount collected in March of Feb + March cash sales

= $12,000 + $14,000+ $7,000

= $33,000

6 0

3 years ago