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
BabaBlast [244]
4 years ago
8

Consider an individual who serves on the board of a bank and also sits on the board of a computer manufacturing company that bor

rows money from that bank. This individual is most likely part of a(n) __________.
Business
1 answer:
Elan Coil [88]4 years ago
7 0

Answer:

<u>Interlocking corporate director</u>

Explanation:

Interlocking corporate director refers to an individual serving as a director on the board of multiple companies.

Interlocking directorship is not considered illegal if the companies of which the same individual serves as a director, are not competing firms.

In the given case, an individual serves on the board of a bank, also serves the board of a computer manufacturing company that usually borrows from the bank.

Here, the independence and objectivity of the director would be impaired and this may lead to a situation of conflict of interests as the director exercises sizable influence in framing the lending policies of the bank.

Thus, such a situation would be in violation and the director may have to step down from the board of one of the companies.

You might be interested in
A stock has an expected return of 15.1 percent, the risk-free rate is 5.95 percent, and the market risk premium is 7.8 percent.
horsena [70]

Answer:

1.17%

Explanation:

Expected return is 15.1 %

Risk free rate is 5.95 %

Market risk premium is 7.8%

Therefore the beta can be calculated as follows

Expected return= risk free rate + (beta×market risk premium)

15.1%= 5.95% + (beta × 7.8%)

15.1%-5.95%= 7.8% beta

9.15%= 7.8% beta

beta= 9.15%/7.8%

beta= 1.17%

6 0
3 years ago
Mackalya is an office secretary at the "All American Office Products Company." This Company sells office supplies and office equ
Bogdan [553]

Answer:

1. Yes; Journal entry

2. Debit- Printing & Stationery Expense $160 (value for 8 boxes)

Credit- Cost of goods sold or Trading account A/c $160

3. Leaves to the cost of goods sold account

Explanation to:

1. Mackalaya used inventory. Remember, inventory is a term used to refer to all the merchandise (goods or products) a company has at the moment in stock.

2. The Journal entry to be made would be

Debit- Printing & Stationery Expense $160 and Credit this value to Cost of goods sold or Trading account A/c section of the Journal entry.

3. Remember, the cost of goods sold cares for all inventory sales, therefore it would be credited with value of the inventory item sold by the company.

6 0
4 years ago
Supporters of rent control say that it _____ the price of renting an apartment. raises lowers does not change
denis23 [38]

Answer:

The answer is lowers.

Explanation:

Supporters of rent control say that it <u>LOWERS</u> the price of renting an apartment.

Rent control is an administration program that puts a limit on the sum that a landowner can charge for renting a home or for renewing lease  

Rent control laws are typically established by regions and the subtleties differ broadly. All are planned to continue living costs reasonable for lower-salary occupants.

Rent control laws mostly limit the amount a landlord can increase rents on existing tenants.  Therefore Rent control is controversial. In fact, 37 states have laws that forbid local governments from enacting such measures.

6 0
3 years ago
What are 3 advantages of going to trade/vocational schools after high school?
svetlana [45]

Answer:

1 It is a form of entertainment

2 you can dedicate time to your passions

3 they're helpful for your mental health

6 0
3 years ago
L Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beg
Softa [21]

Answer:

Adjusted cost of goods sold          234,900

Explanation:

<em>To calculate the the adjusted cost of goods sold , we need to first determine the over or under applied overhead.</em>

<em>Over applied overhead = absorbed overhead - actual over heads</em>

                                         =$59,200- $55,900

                                         = $3,300

<em>This will be deducted from the the cost of goods produced because it is the amount by the which actual production has been over stated.</em>

The adjusted cost of goods sold is determined as follows:

                                                             $

Opening inventory                           55,000

Cost of goods manufactured          213,000

Over applied overheads                  (3,300)

Less closing inventory                    <u> (30,300)</u>

Adjusted cost of goods sold        <u>  </u><u>234,900</u>

7 0
4 years ago
Other questions:
  • Antwaun wants to purchase new photography equipment. He sees an advertisement on a store's website for a 35% sale on 85mm lenses
    10·1 answer
  • An accountant compiled the financial statements of a nonissuer in accordance with Statements on Standards for Accounting and Rev
    13·1 answer
  • Carla and her family lost their home and everything in it in to a fire. People would console her by saying that at least her fam
    6·1 answer
  • Jennifer is described by her friends as independent, distrusting authority, and technologically savvy. One of her strongest memo
    12·1 answer
  • While differing in details, all of the major types of project life cycle models have a series of exactly four phases with activi
    11·1 answer
  • At a recent staff meeting, the vice president of marketing appeared confused. The controller had assured him that the parent com
    8·1 answer
  • Economic growth will reduce the future real GDP of an economy. expand the production possibilities of an economy. increase an ec
    8·1 answer
  • Assume that the economy is in a recession and there is a budget deficit. A strict balanced-budget amendment that would require t
    11·1 answer
  • Several insiders of a mortgage company fraudulently sold serviced loans belonging to other financial institutions and kept the p
    12·1 answer
  • Limited Liability Companies (LLCs) are gaining in popularity over sub-chapter S corporations because:_____.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!