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1 year ago

The board of directors authorizes a cash or distribution of cash to its investors.a. Trueb. False

Business

1 answer:

Novosadov [1.4K]1 year ago

5 0

This assertion is accurate. A cash dividend or other cash payment to investors is approved by the board of directors.

<h3>Is the board of directors involved in the decision to distribute dividends?</h3>

Before a cash dividend is announced and later delivered to shareholders, a company's board of directors must determine whether to pay one and how much. The Board shall determine the amount of cash to be delivered to the Shareholders, both individually and collectively.

<h3>Dividends have been announced by the board of directors.</h3>

A company's interim dividend is the sum that the board of directors declares between two annual general meetings. Interim dividend is included in the definition of dividend under Section 2(35) of the Companies Act. It is at the board of directors' discretion to declare an interim dividend.

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Target profit a.are when sales and costs are exactly equal. b.can be calculated by modifying the break-even equation. c.equals d

Irina-Kira [14]

Answer:

b. can be calculated by modifying the break-even equation.

Explanation:

As the name implies, target profit can be explained to be the certain amount a business enterprise or a business organisation targets to hit at the end of its sales or at the end of her business dealings.

It can be easily seen in a cash flow planning as it is once modified to approximate cash flow, and also used for revealing expected results to investors and lenders. In all that it is been used for, in the scenario above, it also can be calculated by modifying the break-even equation, and deriving more conservative budgeting packages in business development too.

Adjust the contribution margin per unit and units sold based on an expected sales promotion.

Alter the fixed cost total and the contribution margin per unit for the effects of outsourcing production.

Alter the contribution margin for the effects of changing to a just-in-time production system.

If there is continually a large unfavorable variance between the target and actual profit, it may be necessary to examine the system used to derive the target profit,

7 0

3 years ago

Use the following information available as of December 31 to prepare an income statement for the year and a balance sheet for Go

denis-greek [22]

Answer:

Goldie Company

a) Income Statement for the year ended December 31:

Fees for services $123,000

Miscellaneous expenses 9,000

Interest expense 3,700

Salaries expense 71,500

Supplies expense 8,500

Rent expense 11,100 $103,800

Net income 19,200

b) Balance Sheet as of December 31:

Assets:

Cash on hand $11,600

Accounts receivable 17,400

Supplies on hand 3,300

Equipment 92,700

Total assets $125,000

Liabilities and Equity:

Accounts payable $17,800

Notes payable 25,000

Common stock 55,000

Retained earnings 27,200

Total liabilities & equity $125,000

Explanation:

a) Data and Calculations:

Trial balance as of December 31:

Account Titles Debit Credit

Cash on hand $11,600

Accounts receivable 17,400

Supplies on hand 3,300

Equipment 92,700

Accounts payable $17,800

Notes payable 25,000

Common stock 55,000

Retained earnings 8,000

Fees for services 123,000

Miscellaneous expenses 9,000

Interest expense 3,700

Salaries expense 71,500

Supplies expense 8,500

Rent expense 11,100

Totals $228,800 $228,800

Retained Earnings at January 1 = $8,000 (27,200 - 19,200)

Net income 19,200

Retained Earnings at December 31 $27,200

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3 years ago

You are working as a project manager in your organization. You are nearing the final stages of project execution and looking tow

Novosadov [1.4K]

Answer: Requested Changes is an output of Risk monitoring and control.

Explanation: In risk monitoring and control, the progress of a project being executed is tracked, evaluated, reviewed, and reported.

Requested changes is one of the outputs of risk monitoring and evaluation that involves making a formal demand for a change to be effected in the project.

6 0

4 years ago

virtually all jobs and professions, regardless of the proficiency or experience needed to perform them, require good skills.

Annette [7]

Virtually all jobs and professions, regardless of the proficiency or experience needed to Skills Professionals Need for Workplace Success. A talent is the learned capacity to accomplish an action with predictable outcomes and good execution, generally in a limited amount of time, energy, or both.

In the domain of work, for example, some general skills would include time management, teamwork and leadership, self-motivation, and others, whereas domain-specific abilities would only be utilized for a certain job. To assess the amount of skill displayed and employed, certain contextual triggers and scenarios are normally required. When a talent represents a body of information.

To learn more about Skills, click here.

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3 0

1 year ago

When you undertook the preparation of the financial statements for Oriole Company at January 31, 2021, the following data were a

levacccp [35]

Answer:

See below

Explanation:

Cost Retail

Beginning inventory 83,470 99,500

Add: Purchases 226,000 286,500

Less:

Purchases return (4,900) (5,900)

Add:

Net markups

(64,000 - 9,000) ---------- 55,000

Balance 304,570 380,100

Cost to retail percentage 80%

304,570/380,100

Less:

Net markdowns

(35,200 - 19,200) ----------- (16,000)

Goods available for sale 304,570 364,100

Less: Net sales

(310,000 - 9,400) ------- (300,600)

Estimated ending inventories at retail prices ---------- 63,500

Estimated ending inventory at cost

(63,500 × 80%) (50,800) ---------

Estimated cost of goods sold 253,770

Ending inventory at cost using the retail method is $50,800

5 0

3 years ago