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3 years ago

Corporate shareholders are best protected from incompetent _______.

Business

2 answers:

gavmur [86]3 years ago

6 0

Answer:

Explanation:

Shareholders may protect their rights indirectly, by bringing lawsuit against management or controlling shareholders on behalf of the company itself. These rights are crucial for the protection of share holders from poor management. It is pertinent and paramount to note that regulations protecting the shareholder rights secure the equality of the shares and to protect the company's minority shareholders.

nirvana33 [79]3 years ago

3 0

Answer: A

Explanation:

Management decisions by the ability to engage in proxy fights. A proxy fight, also known as a proxy contest or proxy battle, refers to a situation in which a group of shareholders in a company joins forces in an attempt to oppose and vote out the current management or board of directors. In other words, a proxy fight is a battle between shareholders and senior management for control of the company.

Corporate shareholders are best protected from incompetent management decisions by the ability to engage in proxy fights.

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Jan. 27 Received Lee's payment for principal and interest on the note dated December 13.

Vlada [557]

Question Completion:

Dec. 13 Accepted a $9,500, 45-day, 8% note dated December 13 in granting Miranda Lee a time extension on her past-due account receivable.

Answer:

Journal Entries:

Jan. 27 Debit Cash $9,595

Credit Notes Receivable (Miranda Lee) $9,500

Credit Interest Revenue $95

To record the full settlement of note and interest.

Mar. 3 Debit Notes Receivable (Tomas Company) $5,000

Credit Accounts Receivable (Tomas Company) $5,000

To record the acceptance of a 10%, 90-day note.

17 Debit Notes Receivable (H. Cheng) $2,000

Credit Accounts Receivable (H. Cheng) $2,000

To record the acceptance of a 30-day, 9% note

Apr. 16 Debit Accounts Receivable (H. Cheng) $2,015

Credit Notes Receivable (H. Cheng) $2,000

Credit Interest Revenue $15

To record the dishonoring of Cheng's note.

May 1 debit Allowance for Doubtful Accounts $2,105

Credit Accounts Receivable (H. Cheng) $2,015)

To record the write-off of H. Cheng's account.

June 1 Debit Cash $5,125

Credit Notes Receivable (Tomas Company) $5,000

Credit Interest Revenue $125

To record the full settlement of Tomas' account.

Explanation:

a) Data and Calculations:

Jan. 27 Cash $9,595 Notes Receivable (Miranda Lee) $9,500 Interest Revenue $95

Mar. 3 Notes Receivable (Tomas Company) $5,000 Accounts Receivable (Tomas Company) $5,000, 10%, 90-day note

17 Notes Receivable (H. Cheng) $2,000 Accounts Receivable (H. Cheng) $2,000 30-day, 9% note

Apr. 16 Accounts Receivable (H. Cheng) $2,015 Notes Receivable (H. Cheng) $2,000 Interest Receivable $15

May 1 Allowance for Doubtful Accounts $2,105 Accounts Receivable (H. Cheng) $2,015)

June 1 Cash $5,125 Notes Receivable (Tomas Company) $5,000 Interest Revenue $125

Interest amounts

4 0

3 years ago

The employees of Pi's Pizza, a local pizza restaurant, feel that the owners and managers really try to follow the ethical polici

weeeeeb [17]

Answer: (C) Ethical climate

Explanation:

The ethical climate is one of the organizational based atmosphere where the company basically focuses on the employees ethical values, laws and the environment that helps in making different types of complex decisions.

The main purpose of the ethical climate in an organization is that it helps in maintaining the values, principle and the moral of the company employees.

According to the given question, the Pi's pizza is one of the restaurant that maintain the ethical climate by follow the various types of ethical policies. Therefore, Option (C) is correct answer.

7 0

3 years ago

Moran Company uses a job order cost system and has established a predetermined overhead application rate for the current year of

Elodia [21]

Answer:

The aggregate cost of the Job No. 1 amounts to $81,000

Explanation:

The aggregate cost of the Job No. 1 is computed as:

Aggregate cost = Direct material cost + Overhead cost + Direct labor cost

where

Direct material cost amounts to $36,000

Overhead cost amounts to $27,000

The Direct labor cost is computed as:

150% of Direct labor cost = Pre-determined overhead are

So,

Direct labor cost = $27,000 / 150%

Direct labor cost = $18,000

Putting the values above:

Aggregate cost = $18,000 + $36,000 + $27,000

Aggregate cost = $81,000

8 0

3 years ago

The balance sheet, or statement of financial position, is the listing of all assets and all claims against the assets of a compa

Tanzania [10]

True

<h3>What do you mean by balance sheet?</h3>

The term "balance sheet" refers to a financial statement that details the assets, liabilities, and shareholder equity of a business at a specific point in time. Balance sheets serve as the basis for estimating a company's capital structure and computing investor return rates.

A financial statement called a balance sheet provides a brief summary of a company's assets, liabilities, and shareholder investment. Balance sheets can be used in combination with other important financial data when doing basic analysis or computing financial ratios.

MAIN LESSONS

A balance sheet, which is a financial statement, lists the assets, liabilities, and shareholder equity of an organization.

one of the three main financial accounts that are examined when evaluating a company

To know more about Balance sheet visit :

brainly.com/question/17352291

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4 0

2 years ago

Provincial government

laila [671]

Answer:

Provincial Government means, anything done before the commencement of the Constitution, the authority or person authorized at the relevant date or administer executive government in the Province in question.

Example:

Canada has 10 provinces, making it a provincial government form.

3 0

3 years ago