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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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On July 31, the bookkeeping account Supplies Inventory shows a debit balance of $1,000. A physical inventory taken on that date

Tanya [424]

Answer:

$200

Explanation:

When Supplies inventory are purchased, a debit is posted to Supplies inventory and a credit to cash account or accounts payable.

As the inventories are used, debit Supplies expense and credit Supplies inventory account.

Given that $1,000 was the debit in the books and $800 per count, it means the books balance needs to be written down to the physical balance. The difference to be posted

= $1,000 - $800

= $200

This will be done by

Debit Supplies expense $200

Credit Supplies Inventory $200

Being entries to record inventory used in July

4 0

3 years ago

lakkis [162]

Answer:

Journal entries

Explanation:

a. Cash $25,000

To Sales $25,000

(Being the sale is recorded)

Costs of Goods Sold $17,500

To Inventory $17,500

(Being the cost is recorded)

B. Accounts Receivable $98,000

To Sales $98,000

(Being the sales is recorded)

Costs of Goods Sold $58,800

To inventory $58,800

(Being the cost is recorded)

C. Accounts Receivable $475,000

To Sales $475,000

(Being the sales is recorded)

Costs of Goods Sold $280,000

To inventory $280,000

(Being the cost is recorded)

D. Accounts Receivable $63,000

To Sales $63,000

(Being the sales is recorded)

Costs of Goods Sold $39,000

To inventory $39,000

(Being the cost is recorded)

E. Cash $524,550

Credit card Expense $13,450

To Accounts Receivable $538,000

(Being the cash is recorded)

Sales $661,000

To Income Summary $661,000

(Being the closing is recorded)

Income summary $408,750

To Costs of Goods Sold $ 395,300

To Credit Card Expense $ 13,450

(Being the credit card expense and the cost of goods sold closing is recorded)

Income Summary $252,250

To Retained Earnings $252,250

(Being the transfer is recorded)

5 0

4 years ago

_________ business-like establishments that employ people and produce goods and services with the fundamental goal of contributi

Law Incorporation [45]

Answer:

Nonprofits

Explanation:

Nonprofit business are businesses that have been granted exemption from paying tax by the federal inland revenue. They are formed for the purpose of mutual benefits and not for pursuing owners profits.

3 0

4 years ago

Overhead expenses are budgeted at $2,000 per month. Included in the $2,000 are $500 of monthly depreciation expense and $200 of

professor190 [17]

Answer:

Cash outflow will be $1300

So option (C) will be correct answer

Explanation:

We have given overhead expense = $2000 per month

Depreciation expenses = $500

And allocated insurance expense = $200

So non cash expense = depreciation expense + allocated insurance expense = $500+$200 = $700

We have to fond the cash out flow

Cash outflow is equal to = Overhead expense - non cash expense = $2000 - $700 = $1300

So cash outflow will be $1300

So option (C) will be correct answer

4 0

3 years ago

. A tomato farmer has used direct distribution to sell to local consumers through an area farmers' market. Last year, she sold 4

ch4aika [34]

Answer:

the farmer's total revenue when she uses the direct channel = 400 x $2.49 = $996

if she uses the indirect channel, her total revenue = 650 x $1.63 = $1,059.50

her total revenue will increase when selling to he supermarkets, but also her variable production costs will increase. This means that it is probable that her total contribution margin decreases even if total revenue decreases.

3 0

3 years ago