The given statement, "The board of directors oversees and ratifies strategic decisions and evaluates, rewards, and, if necessary, penalizes top managers" is true
<u>Explanation:
</u>
A board of directors is a team of experts elected by stockholders of a company to serve the interest of the stockholders and ensure that the company management behaves on their behalf. The Chairperson or Chairman of the Board is the head of the Board of Directors.
The board of directors supervises and ratifies strategic decisions as intermediaries between the owners and managers and reviews, awards and, if required, punishes top management.
These includes the following,
- Composition
- Leadership structure
- Interlocks
The Board decides on the employment and recruitment of employees, share price measures, payments, and employee compensation.
Answer:
the fixed costs for Rackit Corporation is $161,500.
Explanation:
Cash Flow DOL = 1 + Fixed Cost / EBITDA
2.7 = 1 + Fixed Cost / 95,000
1.7 = Fixed Cost / 95,000
Fixed Cost = $161,500
Therefore, the fixed costs for Rackit Corporation is $161,500.
Going out to buy things that she doesn't need in life<span />
Answer:
8,955 units
Explanation:
Given that,
Sales in July = 9,500
Sales in August = 10,200
Sales in September = 6,050
Ending finished goods inventory = 30% of the next month's sale
Budgeted production units for August:
= Sales + Closing inventory - Opening inventory
= Sales + (30% of September sales) - (30% of August sales)
= 10,200 + (0.3 × 6,050) - (0.3 × 10,200)
= 10,200 + 1,815 - $3,060
= 8,955 units
Answer:
c. 120,000 shares
Explanation:
*Assumed purchase of treasury shares
$600,000
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Note: The proceeds also must be increased (or decreased) by any tax benefits that would be added to (or deducted from) paid-in capital when the eventual tax deduction differs from the amount expense, the "excess tax benefit." Since that occurs when the stock price at vesting differs from the stock price at the grant date, the fact that the market price remained at $10 avoided that issue.
