Answer:
directors are the trustees of the company's money and property, and also act as agents in the transaction which they enter into on behalf of the company. Directors are liable as trustees for breach of trust, if they misapplied the funds or committed breach of byelaws of the company.
An auditor is an authorised personnel that reviews and verifies the accuracy of financial records and ensures that companies comply with tax norms. They primarily objective is to protect businesses from fraud, highlight any discrepancies in accounting methods, among other things.
Answer:
Targeting speech is protected by the freedom of speech clause of the First Amendment of the United States Constitution.
Explanation:
It clearly states that
<em>"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof, or </em><u><em>abridging the freedom of speech</em></u><em>, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances."
</em>
The above amendment guarantees the freedom and the rights of individuals to speak freely. Kindly note that an individual under the law may be:
- Human or a Natural Person or a Physical Person. An example of a Natural Person is the person reading this or the person who wrote it.
- Legal, corporate, or juristic. An example of a corporate is an organisation such as is referred to in the question. The Public Utility Companies are corporate individuals and are beneficiaries of the freedom of expression or speech afforded by the First Amendment.
Cheers!
Answer:
$360,000.
Explanation:
Given:
PBO 1/1/17 = $6,000,000
PBO 12/21/17 = $6,600,000
Discount rate = 6% = 6 / 100 = 0.06
Expected rate of return = 8% = 8 / 100 = 0.08
Interest cost component of pension expense = ?
Computation of Interest cost component of pension expense:
Interest will be payable on opening balance:
= PBO 1/1/17 x Discount rate
= $6,000,000 x 0.06
= $360,000.
Answer:
1. 8.56%
2. 18.74%
3. 14.22%
4. 10.85%
Explanation:
Effective annual rate = (1 + periodic interest rate) ^m - 1
M = number of compounding per year
1. (1 + 0.083 / 4 ) ^ 4 - 1 = 0.085619 = 8.56%
2. ( 1 + 0.173 / 12)^ 12 - 1 = 0.187399 = 18.74%
3. (1 + 0.133 / 365)^ 365 - 1 = 0.1422 = 14.22%
4. For continuous compounding = e^r - 1
e = 2.7182818
e^0.103 - 1 = 0.108491 = 10.85%
I hope my answer helps you