Answer: Overseeing the company’s financial accounting and financial reporting practices.
Explanation:
The Board of Directors are meant to act on behalf of the shareholders to protect their interest. An important part of this protection is to monitor the company books for irregularities due to the penchant for managers to deviate from upholding shareholder interests to following their own.
In the cases of AOL Time Warner, Global Crossing, Enron, Qwest Communications, and WorldCom, the Board's Audit Committee failed in dispatching their mandate and because of that failed mandate, allowed the Executives to manipulate financial data in very unethical and very illegal ways to make it seem like the companies were profitable when they were not.
Answer:
The question is not complete, below is the completed question:
The wage rate for widget makers is currently $25 per hour and Ajax hires 20 widget makers. If the wage rate were decreased to $20, what would happen to the marginal revenue product for labor at Ajax?
A) It would remain the same.
B) It would increase since Ajax's demand for labor curve will shift.
C) It would increase since the price of widgets would decrease.
D) It would decrease since Ajax will hire more workers.
Answer:
The correct answer is:
It would decrease since Ajax will hire more workers. (D)
Explanation:
Marginal Revenue Product for Labour (MRPL) is the extra labour generated when an extra worker is employed. In this case, since the wages decreased from $25 to $20, Ajax will hire more workers, because it can afford to pay more workers, meanwhile, the extra labour generated on the employment of an extra worker will decrease. The MRPL is used by firms to determine the number of labour to employ since they have to employ the right amount of labour to maintain profit and prevent diminishing returns associated with excess labour employment.
<span>GDP stands for Gross Domestic Product and it reflects all goods and services produced within the country. CPI stands for Consumer Consumer Price Index and it reflects the prices of a representative basket of goods and services purchased by the consumers.</span>
Answer:
The rate of return on the stock can be best guessed to be 5%
Explanation:
Beta = 1.1
expected rate of return = 16%
But return = 10%
1.1 x 10%
= 11%
The updated expectation for the stock return is
= 16% − 11%
= 5%.
Therefore The rate of return on the stock can be best guessed to be 5%
The principle reason for adjusting entries is to refresh the records to acclimate with the collection idea. Toward the finish of the bookkeeping time frame, some wage and costs might not have been recorded, taken up or refreshed; subsequently, there is a need to refresh the records.