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3 years ago

In what country do the three largest shareholders control, on average, about 60 percent of the shares of a public company?

Business

1 answer:

Kazeer [188]3 years ago

5 0

Answer:

B, Italy

Explanation:

In Italy, 60 percent of the shares of a public company are owned by the 3 largest shareholders. This invariably means that the decision making of public companies are mostly at the mercy of just 3 persons as against larger numbers in other countries.

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Listed below are five procedures followed by Eikenberry Company. 1. Several individuals operate the cash register using the same

ArbitrLikvidat [17]

Answer:please see below for answes

Explanation:

1. Several individuals operate the cash register using the same register drawer--- Weak Internal control --- Establishment of responsibilities is violated.

2. A monthly bank reconciliation is prepared by someone who has no other cash responsibilities-----Good---The procedures follows independent internal verification.

3. Joe Cockrell writes checks and also records cash payment entries.-----Weak Internal control ------Segregation of duties is violated

4. One individual orders inventory, while a different individual authorizes payments.---- Good---- The procedures follow the Segregation of duties .

5. Unnumbered sales invoices from credit sales are forwarded to the accounting department every four weeks for recording.---- Weak-----The procedure here does not follow good documentation and procedures.

----Internal controls are measures laid out by companies to ensure its employees are compliant in following set regulations and standards to ensure financial reports are not manipulated and promoting effective operations in order safeguard it's assets from unauthorized use or theft.

Some internal controls include Segregation of duties, documentation procedures, proper authorization, establishment of responsibilities etc.

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3 years ago

How much money do professional soccer players make

lilavasa [31]

It depends on what team and how good the player is. right now the highest paid soccer player is cristiano ronaldo and he makes 53 million.

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3 years ago

Knowledge Check 01 Messing Company has an agreement with a third-party credit card company, which calls for cash to be received

Diano4ka-milaya [45]

Answer:

Messing Company

Journal Entry:

January 1:

Debit Cash $3,860

Debit Credit Card Expense $140

Credit Sales Revenue $4,000

To record the cash receipt and card expense for the card sales.

Explanation:

a) Data and Calculations:

Credit card commission = 3.5% of card sales

Credit card sales on January 1 = $4,000

Credit card fees = $140 ($4,000 * 3.5%) Cash received $3,860

Cash $3,860 Credit Card Expense $140 Sales Revenue $4,000

4 0

3 years ago

BENGAY aspirin, Cracker Jack cereal, Frito-Lay lemonade, and Fruit of the Loom laundry detergent are examples where consumers' _

elixir [45]

Answer:

Brand knowledge

Explanation: Brand knowledge is a term used in Marketing and brand identity to describe the ability of a Consumer to have a clear understanding of a particular product or brand, with this understanding, the Consumer will be able to identify and remember the brand when the need arises.

With Brand knowledge consumers are able to classify brands and dictate or suggest to the brand owners what steps and actions are needed to improve its sales or what actions are hindering its progress.

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3 years ago

Read 2 more answers

On January 1, 2017, Vahsholtz Corporation purchased 5,000 shares of treasury stock. Other information regarding Vahsholtz Corpor

rosijanka [135]

Answer:

2016 = 10.4%

2017 = 10.1%

Explanation:

The formula to compute the return on common stockholders’ equity is shown below:

= (Net income - preference dividend) ÷ (Average Common stockholders' equity)

For 2017

Net income is $110,000

Preference dividend = $30,000

And, the Average Common stockholders' equity would be

= (Opening Common stockholders' equity + Ending Common stockholders' equity) ÷ 2

= ($750,000 + $830,000) ÷ 2

= $790,000

Now put these values to the above formula

So, the value would equal to

= ($110,000 - $30,000) ÷ ($790,000)

= 10.1%

For 2016

Net income is $100,000

Preference dividend = $30,000

And, the Average Common stockholders' equity would be

= (Opening Common stockholders' equity + Ending Common stockholders' equity) ÷ 2

= ($600,000 + $750,000) ÷ 2

= $675,000

Now put these values to the above formula

So, the value would equal to

= ($100,000 - $30,000) ÷ ($675,000)

= 10.4%

7 0

3 years ago