1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
igomit [66]
4 years ago
6

Ruben is a shareholder of speed bikes company (sbc). when the directors fail to undertake an action to redress a wrong suffered

by sbc, ruben files a suit on the firm's behalf.
Business
1 answer:
aivan3 [116]4 years ago
4 0

This is an example of a derivative lawsuit, which is a suit brought by a shareholder on behalf of a company they invest in for wrongdoing by a 3rd party. Usually the shareholder can only do this when the company has cause for their own suit but has declined to take action for one reason or another.

You might be interested in
Roberta transfers property with a tax basis of $495 and a fair market value of $546 to a corporation in exchange for stock with
Volgvan

Answer: $546

Explanation:

The amount realized by Roberta in the exchange will be gotten through the addition of the fair value of the stock that was acquired to the liability that's assumed by the corporation. This will be:

Fair value of stock acquired = $356

Add: Liability assumed by corporation = $190

Amount realised = $356 + $190 = $546

5 0
3 years ago
On January 1, 2018, Ogleby Corporation signed a five-year noncancelable lease for equipment. The terms of the lease called for O
Olin [163]

Answer:

With respect to this lease, for 2018 Ogleby should record interest expense of $57,058 and depreciation expense of $107,225. The right answer is c

Explanation:

According to the given data we have the following:

PV of lease=$750,578

Annual payment=$180,000

Rate of interesr=10%

The interest expense would be calculated as follows:

Interest expense = ( PV of lease - Annual payment ) * Rate of interest

Interest expense = ( $750,578 - $180,000 ) * 10%

Interest expense = $57,058

Therefore, With respect to this lease, for 2018 Ogleby should record interest expense of $57,058 and depreciation expense of $107,225.

4 0
3 years ago
The point that each glass of lemonade consumed on a hot day brings lower and lower levels of satisfaction is known as the princi
givi [52]

Answer:

decreasing marginal benefit.

Explanation:

A consumer measures the amount of satisfaction gained by consuming a product in making a buying decision.

When a person comes a product his satisfaction increases up to a point, and from that point as consumption increases the satisfaction derived reduces.

Consumption after this point is known as decreasing marginal benefit to the customer.

This affects the customer's willingness to buy more of this product. Patronage of lemonade will reduce as the customer looks for another product to satisfy his needs.

8 0
3 years ago
NEED HELP ASAP THANK YOU
solniwko [45]

Answer:

a

Explanation:

5 0
3 years ago
You are considering a project with projected annual cash inflows of $32,200, $41,800, $22,900 for the next three years, respecti
mestny [16]

Answer:

The value of the project today is $75,866

Explanation:

Net present value is the Net value all cash inflows and outflows in present value term. All the cash flows are discounted using a required rate of return.

Years                                  1                    2                    3  

Cash Flows                   $32200         $41800          $22,900

Discount Factor 14%     0.8772           0.7695           0.6750

Present Values             $28,245.61    $32,163.74    $15,456.85

Net present value = $75,866.20

7 0
4 years ago
Other questions:
  • A certain firm believes in providing its employees the best facilities. It decides to serve imported and expensive Colombian cof
    5·1 answer
  • A group of elderly men, whose government disability benefits are the sole source of income, is approached to consider an experim
    5·1 answer
  • These often managerial level decisions occur in situations in which a few established processes help to evaluate potential solut
    9·1 answer
  • An interview is an primary or secondary research
    6·1 answer
  • Treetopplers, a U.S. lumber company, produces wood at a plant in Oregon on September 13, 2017. It sells the wood to Buildit and
    5·1 answer
  • Fred Flintlock wants to earn a total of 10% on his investments. He recently purchased shares of ABC stock at a price of $20 a sh
    5·1 answer
  • A student finds data on an internet site that contains financial information about selected companies. he plans to analyze the d
    10·1 answer
  • High Step Shoes had annual revenues of $202,000, expenses of $112,200, and dividends of $24,800 during the current year. The ret
    12·1 answer
  • This is my mom channel please subscribe​
    10·2 answers
  • Services from health care to education are provided to people by the government. This is an example of _____.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!