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otez555 [7]
3 years ago
15

The board of directors is the highest ranking body in a corporation, and the chairman of the board is the highest ranking indivi

dual. The CEO generally works under the board and its chairman, and the board generally has the authority to remove the CEO under certain conditions. The CEO, however, cannot remove the board, but he or she can endeavor to have the board voted out and a new board voted in should a conflict arise. It is possible for a person to simultaneously serve as CEO and chairman of the board, though many corporate control experts believe it is bad to vest both offices in the same person. - true or false
Business
1 answer:
mario62 [17]3 years ago
6 0

Answer:

True

Explanation:

The board as described, refers to the group formed of all the directors, in a company.

Out of all the directors, one individual is selected to lead the group called Chairman.

Further, a designation called Chief Executive Officer is provided to an individual, who is held as one among the key members of the company.

But that person is below the directors, and is appointed through directors.

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Suppose the demand for hard-wood flooring increases, while the demand for wall-to-wall carpeting decreases. Based on this change
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The normal balances of sales, sales discounts, and sales returns and allowances are ________. debit, credit, and credit, respect
Y_Kistochka [10]
<h3><u>Answer;</u></h3>

credit, debit, and debit, respectively

<h3><u>Explanation</u>;</h3>

Normal balance of sales; Credit

Normal balance of sales discount; Debit

Normal balance of sale returns and allowances; Debit

  • A normal balance is the expectation that a particular type of account will have either a debit or a credit balance.
  • The normal balance of sales is credit.
  • The sales returns and allowances account is subtracted from sales because these accounts have the opposite effect on net income. Therefore, sales returns and allowances is considered a contra‐revenue account, which normally has a debit balance.
  • The account Sales Discounts is referred to as a contra-revenue account. Therefore;  its is debit balance.
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Krysel inc. is expecting a new project to start producing cash flows, beginning at the end of this year. they expect cash flows
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FW = PW×(1.092)^n = $4,429,045.62

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lyudmila [28]
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Hope I got it right for you good luck
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