False. Not every member of the board of directors is liable personally for the lawsuit. The business owner is the one who is held responsible and liable personally for the lawsuit. Though, the lawsuit typically hurts everyone involved depending on the depth of it because it could lead to company shut down which could cause many people to lose their lives.
Answer:
Profit and loss are directly linked to the amount of money the company is spending to run its business -- its operating expenses. So changes in operating expenses naturally affect owner's equity.
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Sales=$775000
Variable expenses= 523000
Contribution margin= 252000
Fixed expenses= 132000
Net income= $120000
Hard Rubber:
Sales=$65000
Variable expenses=58000
Contribution margin= 7000
Fixed expenses= 22000
Net income= -15000
New net income= 120,000 + 15,000 - 22,000= 113,000
Answer:
Non-Discretionary Expenses means payments made to third parties on account of: (a) mandatory payments of monthly debt service (but not payment of principal or interest at or after maturity) required under Loan Documents evidencing debt of the Venture or any Subsidiaries; (b) Emergency Expenses; (c) other non-
Explanation:
