All categories

2 years ago

Even after commencement of business operations, officers and directors have a responsibility to comply with _______.

1 answer:

3 0

Even after the commencement of business operations, officers and directors have a responsibility to comply with corporate formalities.

<h3>What are the duties of corporate directors and officers?</h3>

In general, the officers are in charge of carrying out the board's policies and making day-to-day choices, while the board of directors is in charge of important business and policy decisions.

announcing and disbursing corporation dividends.
approving significant corporate choices.
hiring, promoting, managing, and firing managerial and corporate leaders.
choosing between issuing bonds or stock.

A corporation's owners are its shareholders, usually referred to as stockholders, who acquire an interest in the company by acquiring shares of stock. A board of directors is chosen by shareholders, and they are in charge of running the business.

Officers and directors are still required to follow corporate formalities even after the start of business operations.

To learn more about the duties of corporate directors and officers refer to:

brainly.com/question/13322642

#SPJ4

You might be interested in

A company has the following selected account balances: Sales $ 250,000 Sales Discounts 1,500 Sales Returns and Allowances 2,300

Ulleksa [173]

Answer:

$121,200

Explanation:

Calculation to determine the gross profit that would appear on a multiple-step income statement

First step is to determine the Net sales

Sales $ 250,000

Less Sales Discounts ($1,500)

Less Sales Returns and Allowances ($2,300 )

Net sales $246,200

Now let determine the Gross profit using this formula

Gross profit=Net sales-Cost of Goods Sold

Let plug in the formula

Gross profit=$246,200-$125,000

Gross profit=$121,200

Therefore the gross profit that would appear on a multiple-step income statement is $121,200

8 0

3 years ago

Coca-Cola was primarily known for its core competencies in marketing, bottling, and distributing aerated drinks. However, with t

Effectus [21]

Answer:

Explanation:

Coca-Cola was trying to build new core competencies to protect and extend their current marketing position.

8 0

3 years ago

Your insurance agent is trying to sell you an annuity that costs $75,000 today. By buying this annuity, your agent promises that

mixer [17]

Answer:$120,000

Explanation: multiply $500 and 12 and get 6,000 then multiply 6,000

then multiply 6000 and 20 and get 120,000

6 0

4 years ago

3M Co. reports beginning raw materials inventory of $930 million and ending raw materials inventory of $880 million. 3M purchase

Naddik [55]

Answer:

raw material inventory turnover = 4.42

number of days sale in raw materials inventory = 21.97

Explanation:

given data

beginning inventory = $930 million

ending inventory = $880 million

purchased raw materials = $3,956 million

used raw materials = $4,006 million

solution

we get here first raw material inventory for turnover that is

raw material inventory turnover = $\frac{raw\ material\ used}{average\ raw\ material}$ ..............1

here average raw material inventory = $\frac{930+880}{2}$

average raw material inventory = $905 million

so from equation 1

raw material inventory turnover = $\frac{4006}{905}$

raw material inventory turnover = 4.42

and

now number of days' sales in raw materials inventory will be as

number of days sale in raw materials inventory = $\frac{ending\ raw\ material\ inventory}{raw\ material\ used}$ × 365 .............2

put here value

number of days sale in raw materials inventory = $\frac{880}{4006}$ × 365

number of days sale in raw materials inventory = 21.97

8 0

4 years ago

Companies can find out a lot about customers by listening to (and monitoring) what they say on their social networks, blogs, rev

melisa1 [442]

A technique that companies use to monitor consumer activity is called sentiment analysis, which is a strategy that companies use to listen to their consumers through natural language processing, performing opinion mining through information technology.

<h3>Sentiment analysis benefits </h3>

Organizations are able to discover the motivations and needs of customers regarding their products and services, monitoring their opinions on social networks, blogs and websites, having greater feedback about the brand and being aware of possible related problems.

Therefore, sentiment analysis helps a company to improve the overall quality of its products and services, increasing perception and creating value for consumers.

The correct answer is sentiment analysis.

Find out more information about customers here:

brainly.com/question/25736669

7 0

3 years ago