Your bank account has 3,500 in it. You add 2,000 to your account because someone gave it to you. That will leave you with 5,500 But, its time for you to make out your monthly bills. So take your 5,500 in your account and subtract 2,500. it will leave you with a cash balance of 3,000.
Answer:
The correct answer is D)
Explanation:
Outside directors hold no affiliation with the company except that of being a non-executive director.
They are usually entitled to compensation in the form of annual retainer fees which may be in cash, benefits and/or stock options.
Outside directors are usually beneficial to the board because they are deemed to be more objective than any other member as they have no other stake in the business. Outside directors, on the balance of probability, will give an unbiased opinion, recommendations, and or judgements.
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Answer:e. 17.34%
Explanation:
Profit margin shows how the activities of a firm or business activity are profitable by taking into accounts costs involved in producing and selling goods.
it can be calculate in three ways using the Gross profit margin formulae, Net Profit Margin formulae or the Operating margin formulae
Given
net sales = $773,000
net income = $134,000
Total assets of $7,714,260
We will use the Operating margin formulae which is the ratio of the Operating income to Revenue multiplied by 100
Profit margin =Operating income ( Net Income )/Revenue ( Net Sales) x 100
Profit margin = $134,000/$773,000 x 100
=0.173 x 100
=17.335 rounded to 1`7.34%
Acts as the governments bank
Maintains currency
Conducts monetary policy
Maintains the payment system