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Vika [28.1K]
3 years ago
13

Which of the following refers to the system of governing an organization so that the interests of corporate owners are protected

?
Group of answer choices
Quality circle
Corporate governance ISO certification
Open-book management
Balance scorecard
Business
1 answer:
Svetllana [295]3 years ago
6 0

Answer:

The correct answer is Corporate Governance.

Explanation:

The concept of corporate governance refers to the set of principles and norms that regulate the design, integration and operation of the company's governing bodies, such as the three powers within a company: Shareholders, Board of Directors and Senior Management. Good Corporate Governance provides incentives to protect the interests of the company and shareholders, monitor the creation of value and efficient use of resources by providing information transparency. "The important thing is to emphasize that corporate governance is not an individual instrument but rather a concept that includes the debate on the appropriate management and control structures of companies. It also includes the rules that regulate power relations between owners, the board of directors, administration and, last but not least, interested parties such as employees, suppliers, customers and the general public. "

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Italian Stallion has the following transactions during the year related to stockholders’ equity. February 1 Issues 5,000 shares
bixtya [17]

Answer:

The Journal entries are as follows:

(a) On Feb 1,

Cash A/c (5,000 × $15)          Dr. $75,000

To common stock                                        $75,000

(To record the issue of shares)

(b) On May 15,

Cash A/c (500 × $12)                   Dr. $6,000

To Preferred stock  (500 × $10)                         $5,000

To Paid in capital in excess of par                      $1,000

(To record the issue of preferred shares)

(c) On Oct 1,

Dividend Expense A/c (5,500 × $0.75)          Dr. $4,125

To Dividend Payable                                                            $4,125

(To record the declaration of dividend)

(d) On Oct 15,

No Journal entry would be passed.

(e) On Oct 31,

Dividend Payable A/c             Dr. $4,125

To cash                                                       $4,125

(To record the payment of dividend)

5 0
2 years ago
What was the reason for the financial crisis 2008?
tester [92]
The cause was the huge increase of mortgage rates and caused the economy to crash. also Obama. no just kidding only idiots ay that it was him because he hadn't been the president for a year yet so yeah.
7 0
3 years ago
Jun. 15 Several MBA groups participate in TEAM adventures. Great Adventures provides services on account for $24,000 to these gr
zubka84 [21]

Answer:

June 15

Dr. Account Receivable $24,000

Cr. Service Revenue      $24,000

At the time of Receipt in July

Dr. Cash                          $24,000

Cr. Account Receivable $24,000

Explanation:

As the Services are performed on June 15, and Great Venture has a right to received the payment against the services provided. So, the revenue is recognized and The payment for the services has not been made yet. This result in the creation of account receivable, That is expected to receive in July.

In July the payment is received. The cash account will be debited as the cash is received and on the other hand account receivable will be credited to remove the due balance of $24,000 from receivables balance.

5 0
3 years ago
A building acquired at the beginning of the year at a cost of $123,800 has an estimated residual value of $4,800 and an estimate
grigory [225]

Answer:

A. $119,000

B. 10%

C.$11,900

Explanation:

Deprecation is a method used in expensing the cost of an asset.

The depreciable cost = Cost of asset - Salvage value = $123,800 - $4,800 = $119,000

The straight line rate = 1/10= 0.1 = 10%

annual straight-line depreciation = depreciable cost × straight line rate = $119,000 × 0.1 = $11,900

I hope my answer helps you

6 0
3 years ago
Suppose that the weekly price of milk is $3.40 per gallon and MPEP decides to ramp up weekly advertising by 35 percent to $150 (
nadezda [96]

Answer:

Total Cost increase  5,253.4 unit

Explanation:

given data

weekly price a = $3.40 per gallon

ramp up weekly b = 35%

ramp up weekly  upto x = $150( in hundred)

solution

we will use here the regression equation that is

Y = a + b x    ...........................1

here Y is Total Cost and a is fixed cost and  

b is rate of variability and x is level of activity

so here put value in equation 1 we get

Total Cost Y = 3.40 + 0.35 × ( 15,000)

Total Cost  Y = 3.40 + 5,250

Total Cost increase  5,253.4 unit

7 0
2 years ago
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