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Murljashka [212]
3 years ago
14

Kite Sales. Wendy is president of a business that manufactures kites. The kites of her company, ABC Kites, are sold to large toy

stores. After Wendy learned a great deal about kites, she started to make kites at home and to promote them to large toy stores. She also started selling kites to friends. Some of the directors learned about her kite sales and accused her of wrongdoing. Wendy denied any wrongdoing. What duty, if any, did Wendy violate? Group of answer choices She did not commit any violation. She violated the duty of loyalty. She violated the duty of care. She violated the duty of understanding. She violated the duty of profit maximization.
Business
1 answer:
LuckyWell [14K]3 years ago
5 0

Answer:

She violated the duty of loyalty

Explanation:

One of the fiduciary duties of a director is to always act in the best interest of the company .

Similar to this is the duty of loyalty that prevents the director from acting against the interest of the company and also guide the director against activities that could bring conflict of interest whereby he is involved in reaping personal benefits from the position she occupies .

This describes Wendy's action of personal dealing based on her position as the president of Kite sale

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Gabriele Enterprises has bonds on the market making annual payments, with nine years to maturity, a par value of $1,000, and sel
Kazeer [188]

Answer:

7.06%

Explanation:

The computation of the coupon rate is given below:

Given that

FV is $1,000

PV is $978

NPER is 9

RATE is 7.4%

The formula is given below:

=PMT(RATE,NPER,-PV,FV,TYPE)

After applying the above formula, the PMT is $70.57

Now the coupon rate is

= $70.57 ÷ $1,000

= 7.06%

7 0
3 years ago
Sales discounts: A)Refer to merchandise that customers return to the seller after the sale. B)Refer to reductions in the selling
pochemuha

Answer:

C) Represent Cash Discounts

Explanation:

Cash discount refers to a reduction in the price with the objective being prompt payment. A cash discount when offered by a seller is termed as a sales discount.

For example, so as to initiate prompt payment from the buyers, sellers may offer a discount such as 2% if the payment is made within 10 days when the ordinary extended credit period is 30 days.

Such a discount is usually offered by the seller when he/she is low on cash and there is immediate requirement of cash.

A sales discount leads to reduction of gross sales as it is deducted from gross sales to reveal net sales made by a firm during a period.

5 0
3 years ago
For kodak film inc. , the advent of digital technology can best be described as what type of innovation?.
stepan [7]

For Kodak film inc. , the advent of digital technology can best be described as disruptive innovation.

When a product or service that was previously only available to affluent or highly educated people is transformed into one that is more widely available and accessible, this is referred to as disruptive innovation. By displacing well-established competitors, this transition causes a market disruption.

A prime example of a disruptive invention is Amazon, which debuted as an online bookshop in the middle of the 1990s. Enabling technology, an inventive business model and a consistent value network are necessary for disruptive innovation. The process of developing to enhance goods and services for current clients is known as sustaining innovation.

To know more about sustaining technology see:

brainly.com/question/28437156

#SPJ4

4 0
1 year ago
how can you journalise this a supplier account had been debited with a $200 sales invoice (which had been correctly recorded in
Elina [12.6K]

Answer:

700

Explanation:

700

5 0
3 years ago
Read 2 more answers
The demand for lobsters is lower in the spring than in the summer. If the price of lobster is higher in spring than in summer th
SIZIF [17.4K]

Answer:

C. Supply of lobster is greater in summer than in spring .

Explanation:

Demand & supply refer to consumers & producers ability & willingness to buy & sell at given prices respectively .

Demand curve is downward sloping, supply is upward sloping - due to law of demand & law of supply .

Market Equilibrium is where Demand = Supply & the curves intersect . Decrease in demand (Lobsters spring case) generally creates excess supply which leads to competition among sellers and reduces the prices . However if price is increasing despite of demand decrease (Lobsters  spring case) , the excess supply due to demand shortage would not have happened due to c) lesser supply in spring. So , decrease in demand off set by decrease in supply also in spring would have led to lobsters' higher price despite of lower demand in spring.

4 0
3 years ago
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