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Elena L [17]
3 years ago
12

In the absence of a specific provision in its articles of incorporation, a corporation's Board of Directors has the power to do

all of the following, except
1. Repeal the bylaws
2. Declare dividends
3. Fix compensation of directors
4. Amend the articles of incorporation.
Business
1 answer:
nekit [7.7K]3 years ago
5 0

Answer:

4. Amend the articles of incorporation.

Explanation:

The articles of incorporation is the document of incorporation  prepared by the promoters a corporation which provide general information about the corporation submitted to their home state to get the entity incorporated.

The  Board of Directors of a corporation has no power to amend the articles of incorporation but must followed some procedure before it can be amended. However, it needs the vote of majority of the directors before the proposal can be submitted to Secretary of State

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homas is planning to start his own business in 10 years, at which time he will buy all the equipment and land needed. Currently
aalyn [17]

Answer:

FV $4,594,590

Explanation:

The annuity which produce funds will start on the seventh year thereofre there will be 4 annual deposits at the beginning of each year.

We solve for the future value of an annuity-due of 4 year at 10% interest rate:

C \times \frac{(1+r)^{time} -1}{rate}(1+r) = FV\\

C 900,000.00

time 4

rate 0.1

900000 \times \frac{(1+0.1)^{4} -1}{0.1}(1+0.1) = FV\\

FV $4,594,590

This is the amount accumualted at the end of the tenth year

6 0
3 years ago
The business judgment rule is important because it reflects the principle that ________, not _________, have the greatest latitu
Shalnov [3]

Answer: d. company directors; shareholders

Explanation: The conduction and management of a business usually involve making controversial decisions or taking actions that might put the business at risk. In a general sense, greater profits calls for greater risks. As such, the business judgement rule states that the board of directors should be allowed to make such decisions without fear of prosecution by shareholders who might object while acknowledging that managers are not capable of making optimal decisions at all times. The rule therefore aid in protecting a business's board of directors from slight legal allegations about the conduct of business. It is thus important because it reflects the principle that company directors, not shareholders, have the greatest latitude to run companies.

6 0
3 years ago
This is for my principles of business class
Kazeer [188]

Profit of 10,750.     91,750 - 81000= 10,750/

5 0
4 years ago
Extrapolative expectations work when prices are rising, but not when prices decline. True or False True False
Lemur [1.5K]

Answer:

False

Explanation:

Extrapolative expectations refer to an expectation in which there is a continuation of trend that means if the price of a property rises, then the demand is also rising and it pushed for more prices also there is a condition when the price is falling so it would also decrease in the market supply also it pushed out down

So the given statement is false

6 0
3 years ago
Journalize the following transactions:
Jet001 [13]

Answer:

The Journal entries are as follows:

(i) On January 3,

Salaries expenses A/c Dr. $110,000

       To salaries payable                   $110,000

(To record the salaries expenses)

(ii) On January 3,

Merchandise inventory A/c Dr. $55,692

Raw material inventory A/c Dr. $37,128

           To accounts payable A/c             $92,820

(To record the merchandise and raw material)

Shipping cost A/c Dr. $550

      To bank A/c                  $550

(To record the shipping cost)

(iii) On January 3,

Accounts receivables A/c Dr. $22,000

          To sales                                        $22,000

(To record the sales on account)

cost of goods sold A/c Dr. $15,180

          To Merchandise inventory    $15,180

(To record the cost of goods sold)

(iv) Cash A/c Dr. $16,850

         To accounts receivables    $16,850

(To record the cash received)

8 0
4 years ago
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