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1 year ago

When it comes to managing a corporation, the corporation relies on its board of directors and officers.

1 answer:

7 0

It's true that when it comes to managing a corporation, the corporation relies on its board of directors and officers.

<h3>What defines corporation ?</h3>

An organization called a corporation is one whose shareholders choose a board of directors to manage its operations. The corporation, not the shareholders, is responsible for the operations and financial health of the company.

<h3>What is a corporation in business?</h3>

A corporation, also referred to as a C corp, is a separate legal entity from its owners. Corporations are able to generate revenue, pay taxes, and face legal consequences. The strongest protection against personal liability is provided to owners by corporations, although forming a corporation is more expensive than creating other types of entities.

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Each stock's rate of return in a given year consists of a dividend yield (which might be zero) plus a capital gains yield (which

Alenkasestr [34]

Answer:

The correct answer is True.

Explanation:

The stock rate of return is a measure of the profitability of the shares over a period of time. There are a number of measures of performance of the shares, which include their own characteristics and benefits during a profitability analysis. The period during which stock returns are measured is chosen based on personal preferences, but portfolio managers usually measure it on a daily, weekly, monthly and annual basis.

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3 years ago

In recording an accounting transaction in a double-entry systema.the number of debit accounts must equal the number of credit ac

Elodia [21]

Answer:

c. The amount of the debits must equal the amount of the credits.

Explanation:

a. The number of debit accounts must equal the number of credit accounts.

An account means <u>one record entry</u> of a transaction. There may be more credit or more debit accounts, depending on the transactions.

b. There must always be entries made on both sides of the accounting equation.

Although this happens most often, it is not always true.

The Accounting Equation: Assets = Liabilities + Owner's Equity

The two sides are separated by the equal sign. There can be a transaction that's only on one side. Example:

I buy a chair for $50 cash. Only the furniture and cash accounts are affected, and they are both on the assets side.

c. The amount of the debits must equal the amount of the credits.

This must always be equal. When you increase an asset (debit), you will increase owner's equity (credit). When you decrease an asset (credit) you could either decrease owner's equity or liability (debit).

d. There must only be two accounts affected by any transaction.

This is untrue. Sometimes, three or more accounts can be affected. For example, if I <u>buy a chair</u>, giving <u>$20 down payment</u> and borrowing <u>$30 from the bank</u>. The three accounts affected are furniture (increase by $50), cash (decrease by $20), and bank loan (increase by $30).

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3 years ago

(a) suppose fiat recently entered into an agreement and plan of merger with case for $4.3 billion. prior to the merger, the mark

Kryger [21]

The herfindahl-hirschman index is calculated by summing the square of each company's market share.

In this case, the two firms separately would account for 628 of the herfindahl-hirschman index (12*12+22*22)

If the firms merge, they would account for 1,156 of the herfindahl-hirschman index (34*34)

This is an increase of 528 meaning the market is more concentrated.

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3 years ago

Last summer, Maria decided to join a bowling league with some colleagues from work. They formed a team and bowled together sever

scZoUnD [109]

#1 is storming
#2 is a. And d.

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3 years ago

The net income reported on the income statement for the current year was $121,900. Depreciation recorded on store equipment for

Lynna [10]

Answer:

See answers below.

Explanation:

In order to get net cash flow through indirect method, we will have to make adjustment to the net income; hence we get the increase or decrease of different accounts with the data balance.

a) End beginning cash $48,030 $44,190

Increase in cash $3,840

Accounts receivable(net) $34,440 $32,660

Increase in accounts receivable $1,780

Merchandise Inventory $47,020 $49,710

Decreased inventory -$2,690

Prepaid expenses $5,280 $4,200

Increase prepaid expenses $1,080

Accounts payable(Merchandise creditors) $45,000 $41,800

Accounts payable increase $3,200

Wages payable $24,590 $27,310

Decreased wages payable -$2,720

Per below, we have some accounts that are added (+) to the net income while some are also deducted (-).

Net income $121,900

Adjustment to reconcile the net income to cash

+ Depreciation $20,100

+ Increase in cash $3,840

- Increase in accounts receivable ($1,780)

+ Inventory decrease $2,690

- Increase prepaid expenses ($1,080)

+ Accounts payable increase $3,200

- Decreased wages payable ($2,720)

Net cash $146,150

b) Briefly explain why net cash flow from operating activities is different other than net income.

The reason is that while net income refers to the earned profit by a company for a period ; cash flow from operating activities are measurement of daily cash (in and out) expended on business operation. Cash flow give explanation on the use of cash in an organization on a daily basis which includes net income from the income statement, changes in working capital, adjustments to net profits etc. t is to be noted that the starting point of calculating cash flow from operating activities is the net income.

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4 years ago