Answer:
Inside directors may be members of the firm and outside directors are supposed to be elected from outside the firm.
Explanation:
A board of directors in most corporations consists of inside directors and outside directors. Inside directors are usually the members of the firm and have direct access to the company's operating. CEO, CFO and CIO are typical examples of inside directors. On the other hand, outside directors are not employees of the firm, nor stakeholders. They have unbiased opinions in board meetings.
The issuer will pay you back
Answer:
$1,104.68
Explanation:
The payment applicable to the future value of the annuity due can be determined using the future value formula for the annuity due provided below by rearranging the formula such payment is made the subject:
FV=monthly payment*(1+r)^n-1/r*(1+r)
FV=future value=$120,000
monthly payment=unknown(let us assume it is MP)
r=monthly interest rate=7%/12=0.005833333
n=number of monthly payments in 7 years=7*12=84
$120,000=MP*(1+0.005833333)^84-1/0.005833333*(1+0.005833333)
$120,000=MP*(1.005833333)^84-1/0.005833333*(1.005833333)
$120,000=MP*(1.629994009
-1)/0.005833333*1.005833333
$120,000=MP*0.629994009
/0.005833333*1.005833333
$120,000=MP*108.628973152
MP=$120,000/108.628973152
MP=$1,104.68
Answer:
Salaries
Explanation:
<em>Overhead</em> includes all types of costs in the income statement except<u><em> direct labor, direct material and direct expenses</em></u>. Therefore slaries are not included in it.