Available options are:
A. The sale would be proper only upon requisite approval by the appropriate number of directors and at no more than Shephard's cost, thus precluding his profiting from the sale to the corporation.
B. The sale would be void under the self-dealing rule.
C. The sale would be proper and Shephard would not have to account to the corporation for his profit if the sale was approved by a disinterested majority of the directors.
D. The sale would not be proper, if sold for the present fair value of the property, without the approval of all of the directors in these circumstances.
Answer:
C. The sale would be proper and Shephard would not have to account to the corporation for his profit if the sale was approved by a disinterested majority of the directors.
Explanation:
The reason is that the transaction is arms length transaction and in this transaction the payer pays the amount that he must pay for an equivalent item which we call an fair value payment. The receiver here is a director though but he is receiving an legitimate price and this price is fair value of the property so he is not required to mention his profit share because the company is paying him fair value of the property.
Answer:
tactical
Explanation:
"Planning" is a very important process in order for a business to know how it is going to allocate and manage its resources to achieve its goals in a more <em>organized way. </em>
Among the planning options mentioned, Puma uses "tactical plans" in order to achieve its goal. Such type of plan is focused on a specific goal. In the case of Puma, it is focused on achieving $641 million in its<u> sales target.</u>
Tactical plans also include "when" or the time in which goals are going to be achieved. Most of the time, goals are set from less than a year to one year. In Puma's case, it's goal is <u>by the end of the year. </u>
Tactical plans also state the<em> strategies</em> that the company will use in order to achieve its goal. In order for Puma to increase its sales, it will be<em> introducing new products, sell soccer equipment and combine different subsidiaries.</em> These strategies will help Puma accomplish its mission.
So, this explains the answer.
Answer:
Google Docs.
Explanation:
I think is the best option due to the time zone differences. Everybody can contribute writing something and save it, so other people can correct or continue typing online.
Answer:
Product cost (Manufacturing cost) = $651
Period Cost (Selling and administrative cost)= $279
Explanation:
Calculation for What amounts should be considered product and period costs respectively for the first year of coverage
First step is to calculate the Total Insurance expense for the year
Total Insurance expense for the year = $2,790 / 3 year
Total Insurance expense for the year = $930
Now let calculate for the Product cost (Manufacturing cost) and Period Cost (Selling and administrative cost)
Product cost (Manufacturing cost) = $930 * 70% Product cost (Manufacturing cost) = $651
Period Cost (Selling and administrative cost) = $930*30%
Period Cost (Selling and administrative cost)= $279
Therefore the amounts that should be considered for product and period costs respectively for the first year of coverage are:
Product cost (Manufacturing cost) = $651
Period Cost (Selling and administrative cost)= $279
