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4 years ago

A stockholder in a Subchapter S corporation:

Business

1 answer:

Lina20 [59]4 years ago

8 0

Answer:

The answer is C.

Explanation:

The shareholders are the owners of the company while board of directors are the agents( although many directors now have shares in the company) that runs the business on behalf of the shareholders. The problem associated with directors not pursuing the interests of the shareholders is known as agency problem.

Board of directors/directors are to make sure the business run smoothly while the shareholders provide the fund to meet emergencies.

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Lopez Corporation incurred the following costs while manufacturing its product.Materials used in product $129,600 Advertising ex

Mila [183]

Answer:

$367,800; $391,600

Explanation:

Manufacturing overhead:

= Depreciation on plant + Factory supplies used + Property tax on plant

= 70,200 + 29,200 + 21,000

= 120,400

Total manufacturing cost:

= Material used in production + Labor cost + Manufacturing overhead

= $129,600 + 120,400 + 120,400

= 370,400

Cost of good manufactured:

= Beginning work in process + Total manufacturing cost - Ending work in process

= 14,400 + 370,400 - 17,000

= $367,800

Cost of goods sold:

= cost of goods manufactured + Beginning finished goods inventory - Ending finished goods inventory

= $367,800 + 70,200 + 46,400

= $391,600

5 0

3 years ago

Peed VVheels has insurance on its race car track that covers up to $150,000 in damage with a $7,500 deductible. This means that

Viktor [21]

Answer:

Speed Wheels and the Insurance Company

The insurance company will pay Speed Wheels $14,200.

Explanation:

a) Data:

Insurance cover = $150,000

Insurance premium = $7,500

Insurance Claim = $14,200

b) The insurance company is expected to restore the insured, Speed Wheels, to its former position before the damage. It can do this by issuing a check to the value of the claim after some verifications. The insurance company will most likely not reject the claim as the amount of damage suffered is within the insurance coverage.

8 0

3 years ago

While designing a management support system, it's important to remember that executives' main concern is _____.

enyata [817]

The main concern of executives when designing a management support system (MSS) is b. getting the information they need in the simplest way.

A management support system provides managerial information resources to enable management to plan, make decisions, and manage the organizational activities to achieve goals.

Executives' main concern with the design of a management support system is not to:

Identify unquantifiable benefits
Get support from all employees
Get technically-advanced information.

Thus, the concern of executives during the design of a management support system is to get needed information most simply.

Learn more: brainly.com/question/20297199

3 0

3 years ago

Your variable annuity has a mortality and expense risk charge at an annual rate of 1.25 percent of account value. Your average a

tester [92]

Answer:

$575

Explanation:

To determine the mortality and expense risk charges for the year all you have to do is multiply your average account value times the fee rate:

mortality and expense risk charges = $46,000 x 1.25% = $575

The same logic applies to calculate all the fees charged including administrative fees.

6 0

3 years ago

The following information was drawn from the annual reports of two companies. Company A Company B Sales revenue $ 1,000 $ 2,000

grandymaker [24]

Answer:

c.45%

Explanation:

The Formula for return on sales=Operating profit/Net Sales

Sales=$2,000

Less:

Cost of Goods Sold $ (1,100)

Operating profit $900

Return on sales=$900/$2,000=45%

It should be noted that in many cases to reach out on operating profit, the operating expense are also deducted from operating profit for the sake of this formula. In that scenario the correct answer would have been 10% return on sales i.e $900-$700=$200/$2,000=10%

As the 10% option is missing in MCQ, therefore 45% is selected

4 0

4 years ago