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2 years ago

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

1 answer:

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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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If a stock split occurred, when calculating the current year's EPS, the shares are treated as issued:A. At the end of the year.B

son4ous [18]

Answer:

Correct answer is (C)

Explanation:

At the beginning of the year.

Earnings per share (EPS) is the portion of profit earned by the company that is allocated to each outstanding share of its common stock. It is determined by taking the difference between a company's net income and dividends paid for preferred stock and then divided by the average number of shares outstanding. So if stock split occurred when calculating the current year EPS, the shares are treated as issued at the beginning of the year.

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3 years ago

Stinehelfer Beet Processors, Inc., processes sugar beets in batches. A batch of sugar beets costs $59 to buy from farmers and $2

snow_lady [41]

Answer:

Financial disadvantage from further processing = $(9)

Explanation:

<em>A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost. </em>

<em>Also note that all cost incurred up to the split-off point (the cost of crushing) are irrelevant to the decision to process further . </em>

Sales revenue after crushing 55

Sales revenue at the split-off point <u>81</u>

Additional sales revenue 26

Further processing cost <u> (35)</u>

Net income after further processing <u> (9) </u>

Financial disadvantage from further processing = $(9)

<em>Kindly note that the allocated joint costs( cost of sugar and crushing) are irrelevant. This implies that whether or not the intermediate products are processed further the joint costs are irrelevant to the decision to process the beet juice further</em>.

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3 years ago

Yazzmine123 are you still there?

castortr0y [4]

Answer:

If you don't find her/him i'll help you look for her/him

Explanation:

8 0

3 years ago

The Allowance for Bad Debts account has a credit balance of $ 3 comma 000$3,000 before the adjusting entry for bad debts expense

Triss [41]

Answer:

The bad debt expense which should be recorded in the income statement for the year 2019, amounts to $127,600

Explanation:

The bad debt expense which should be recorded in the income statement for the year 2019 is computed as:

= Net Credit Sales × Uncollectible credit sales for the year 2019

where

Net Credit Sales is $290,000

Uncollectible credit sales for the year 2019 is 44%

Putting the values in the above formula:

= $290,000 × 44%

= $127,600

8 0

4 years ago

Assume that a tire company sells 4 tires to an automobile company for $400, another company sells a compact disc player for $500

gtnhenbr [62]

Answer:

A) $20,000

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

Items not included in the calculation off GDP includes:

1. services not rendered to oneself

2. Activities not reported to the government

3. illegal activities

4. sale or purchase of used products

5. sale or purchase of intermediate products

The stereo and the tires wont be included in GDP because they are intermediate goods. It is only the final good, the car, that would be included in GDP

3 0

3 years ago