ABC Machine

Shareholders in a management company have all of the following rights except the right to vote: a to change the investment objec

vivado [14]

Shareholders in a management company have all of the following rights except the right to vote a to change the investment objective of the fund.(option A)

<h3>What are the rights of shareholders?</h3>

A shareholder is a person or group of people who have purchased shares in a public company. The shares gives the shareholders ownership rights in the company.

The shareholders can vote during annual general meetings on matters relating to dividends, membership of the board of directors and investment adviser.

To learn more about shareholders, please check: brainly.com/question/19162424

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7 0

2 years ago

"If our company achieves a high level of relational coordination, what can we expect in terms of employee behavior?" Check all t

pickupchik [31]

Answer:

- Employees will be empowered to collaborate directly with each other across organizational boundaries.

- Employees in different departments or divisions will share information easily.

- Information will flow across a network of informal relationships rather than primarily through a formal chain of command.

Explanation:

Relational coordination focuses on shared goals and knowledge between people that work on common tasks.

As such it will result in more communication between surbodinates. There will be increased interaction and communication between boundaries in the organisation.

People with common tasks will easily communicate with each other with less focus on the hierarchy of the organisation.

Project managers will play less role in sharing of information as most communication will be done between surbordinates.

4 0

3 years ago

The Latimore Company invested $8.5 million in a new plant in Italy when the exchange rate was 1.1500 euros to the dollar. At the

Maurinko [17]

Answer:

Latinmore made money on the exchange rate movement. It was an exchange rate gain of $369,566. The marginal tax impact was $147,826.

Explanation:

Since the standard practice in accounting is to reflect the current situation of the company, any change in the exchange rate that affects the assets of the company abroad must be recognized. The financial income of exchange gains are registered in the Income Statement and affects the base to pay income tax.

3 0

3 years ago

The account balances of Wilson Towing Service at June 30, 2016, follow:Equipment $12,950Office supplies 1,000Notes payable 4,500

andre [41]

Answer:

Wilson Towing Service

Income Statement

For the month ending June 30, 2016

Service revenue $12,500

Salaries expense ($2,500)

<u>Rent expense ($500)</u>

Operating profit $9,500

The income statement tells us how much profit/loss did a business make during a certain period of time. In this case, the operating profit was $9,500. In order to calculate net income we would need to subtract taxes but we are not given the tax rate or the taxes due.

8 0

2 years ago

Luzadis Company makes furniture using the latest automated technology. The company uses a job-order costing system and applies m

zmey [24]

Answer:

1. Overhead over applied= $521,000

2. Factory Overhead Dr. $ 521,000

Cost Of Goods Sold Cr. $ 521,000

3. Work in Process, (ratio) $521,000 * 7%= 36,470

Finished Goods, $521,000 * 19%= 98,990

Cost of Goods Sold $521,000 * 74%= 385,540

Total $521,000 100%

4. Difference between the two CGS= $ 136,060

Explanation:

Predetermined Overhead Costs $1,152,000

Estimated activity level of 72,000 machine-hours

Overhead rate= $ 1152,000/ 72,000= $ 16 per hour

Manufacturing overhead cost $551,000

Actual hours = 67,000

Overhead applied to WIP = 67,000 * 16= $ 1072,000

Overhead over applied= $ 1072,000 - $551000= $521,000

Part 2:

Factory Overhead Dr. $ 521,000

Cost Of Goods Sold Cr. $ 521,000

The Cost of Goods Sold is credited and Factory overhead is debited.

Part 3:

Suppose the overhead is applied in the following ratio

Work in Process, (ratio) $37,520 7% (37520/536,00*100%)

Finished Goods, $101,840 19% (101840/536,00*100%)

Cost of Goods Sold $396, 640 74% (396,640/536,00*100%)

Total $536,000 100%

The overhead over applied would be allocated in the following way applying the same ratio as determined above.

Work in Process, (ratio) $521,000 * 7%= 36,470

Finished Goods, $521,000 * 19%= 98,990

Cost of Goods Sold $521,000 * 74%= 385,540

Total $521,000 100%

Part 4:

Cost of Goods Sold ( overhead applied of $396, 640) $1,472,600

Less Overhead overapplied $ 521,000

CGS = $ 951,000

Cost of Goods Sold (overhead applied to WIP & FG) $1,472,600

Less Overapplied Overhead $ 385,540

CGS= $ 1087,060

Difference between the two CGS = $ 1087,060- $ 951,000= $ 136,060

5 0

3 years ago