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Leni [432]
3 years ago
11

To minimize the temptation for managers to act in their own self-interest, governance mechanisms exist for implementation consid

eration. Which of the following is a primary means for monitoring managerial behavior?1. stakeholder activism in which participants view themselves as shareholders2. a board of directors that acts in the best interests of shareholders to create long-term value3. a board of directors that acts in the best interests of shareholders to create short-term value
4. managerial incentives to align management interests with those of the board of directors
Business
1 answer:
soldier1979 [14.2K]3 years ago
3 0

Answer:

A board of directors that act in the best interests of the shareholders to create long term value.

Explanation:

Sarbane oxley acts is a law law that was created to protect the interest of every shareholder . One of its requirement is a good composition of the board of directors considering their skills and independent requirement. It also emphasize the need for strong compliance with ethical standard in the interest of the shareholders.

Therefore , one of the key responsibilities of the board of directors is to act in the best interests of shareholders to create long term values. By so doing , managerial behavior will be monitored for compliance to ethical standard

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8 0
2 years ago
Read 2 more answers
Tanner-UNF Corporation acquired as a long-term investment $170 million of 6% bonds, dated July 1, on July 1, 2013. Company manag
Neporo4naja [7]

Answer:

1) The Investment would be classified as Held-to-maturity securities

2) Journal Entries (in millions)

Debit Investment $170 Credit Bank $140 Credit Discount on investment $30

3) Debit Bank $5.1 Debit Discount on investment $0.5 Credit Interest Income $5.6

4) Debit Fair Value loss $20 Credit Investment $20

5) The investment will be reported at the fair value of $150,000

6) Debit Bank $120 Debit Discount on Investment $29.5 Loss on Investment $0.5 Credit Investment $150,000  

Explanation:

Interest = investment * semiannual interest

6%/2 = 3%

8%/2 = 4%

Bank = $170,000,000*3% = $5,100,000

Interest income = $140,000,000*4%= $5,600,000

Fair Value $150

cost        $170

Fair Value Loss = $20

4 0
3 years ago
Allocating a transaction price to multiple performance obligations includes which of the following steps: a.Consolidate the comp
abruzzese [7]

Answer:

C) Identify distinct goods and/or services as separate performance obligations.

Explanation:

This refers to allocating different prices to several related activities that are part of one single large project or transaction. When you do this, you must specify which parts, goods or services you will require and at what specific prices. E.g. you agree to purchase uniforms for a football team, you will pay X amount when the helmets are delivered, another amount for the shoes and finally an amount for the uniform. The school will pay as the different products are delivered.  

7 0
3 years ago
Acme Manufacturing is producing $4,000,000 worth of goods this year and expects to sell its entire production. It also is planni
Gemiola [76]

Answer:

a.$1,650,000 $1,500,000

b. $1,500,000 $1,500,000

c.$1,300,000 $1,500,000

Assuming that Acme’s situation is similar to that of other firms, output will equal to short-run equilibrium output in CASE B

Explanation:

Actual Investment, Planned investment

a.$1,650,000 $1,500,000

b. $1,500,000 $1,500,000

c.$1,300,000 $1,500,000

Assuming that Acme’s situation is similar to that of other firms, output will equal to short-run equilibrium output in CASE B

Acme’s planned investment in every case is $1,500,000.

Therefore the key to this problem is to find the amount of unplanned inventory investment Acme makes then add this to their planned investment to find Acme’s actual investment

a. If Acme sells $3,850,000 worth of goods, it has unplanned inventory investment of $150,000 and total actual investment of $1,650,000.

$4,000,000-$3,850,000=$150,000

$1,500,000+$150,000=$1,650,000

b. If Acme sells $4,000,000 worth of goods as it planned, its actual investment of $1,500,000 isequal to its planned investment

$4,000,000-$4,000,000= $0

$0+$1,500,000=$1,500,000

c. If Acme sells $4,200,000 worth of goods, it must draw down $200,000 worth of goods from itsexisting inventory, implying that inventory investment is –$200,000.

$4,000,000-$4,200,000= -$200,000

Acme’s actual investment in this case is $1,500,000 – $200,000 = $1,300,000.

Output equals short-run equilibrium output in CASE B , so planned spending and actual spendingare equal.

8 0
3 years ago
Lightfoot Inc., a software development firm, has stock outstanding as follows: 20,000 shares of cumulative preferred 4% stock, $
dezoksy [38]

Answer:

For first year, we have:

Cumulative preferred dividend per share = $0.30 per share

Common dividend per share = $0

For second year, we have:

Cumulative preferred dividend per share = $0.50 per share

Common dividend per share = $0

For third year, we have:

Cumulative preferred dividend per share = $1.60 per share

Common dividend per share = $0.73 per share

For fourth year, we have:

Cumulative preferred dividend per share = $0.80 per share

Common dividend per share = $2.48 per share

Explanation:

Cumulative preferred stock has a clause that mandates the corporation to pay all dividends, including those that were previously missed, before common shareholders can get their dividend payments.

Annual cumulative preferred dividend = 20,000 * $20 * 4% = $16,000

Therefore, we have:

<u>For First Year</u>

Distributed dividends = $6,000

Cumulative preferred dividend paid = Distributed dividends =  $6,000

Common dividend paid = $0

Cumulative preferred dividend per share = Cumulative preferred dividend paid / Number of cumulative preferred shares outstanding = $6,000 / 20,000 = $0.30 per share

Common dividend per share = $0

Cumulative preferred dividend carried forward = Annual cumulative preferred dividend - Cumulative preferred dividend paid = $16,000 - $6,000 = $10,000

<u>For Second Year</u>

Distributed dividends = $10,000

Cumulative preferred dividend payable = Annual cumulative preferred dividend + Cumulative preferred dividend brought forward = $16,000 + $10,000 = $26,000

Cumulative preferred dividend paid = Distributed dividends = $10,000

Common dividend paid = $0

Cumulative preferred dividend per share = Cumulative preferred dividend paid / Number of cumulative preferred shares outstanding = $10,000 / 20,000 = $0.50 per share

Common dividend per share = $0

Cumulative preferred dividend carried forward = Cumulative preferred dividend payable - Cumulative preferred dividend paid = $26,000 - $10,000 = $16,000

<u>For Third Year</u>

Distributed dividends = $50,250

Cumulative preferred dividend paid = Annual cumulative preferred dividend + Cumulative preferred dividend brought forward = $16,000 + $16,000 = $32,000

Common dividend paid = Distributed dividends - Cumulative preferred dividend paid = $50,250 - $32,000 = $18,250

Cumulative preferred dividend per share = Cumulative preferred dividend paid / Number of cumulative preferred shares outstanding = $32,000 / 20,000 = $1.60 per share

Common dividend per share = Common dividend paid / Number of common shares outstanding = $18,250 / 25,000 = $0.73 per share

<u>For Fourth Year</u>

Distributed dividends = $78,000

Cumulative preferred dividend paid = Annual cumulative preferred dividend = $16,000

Common dividend paid = Distributed dividends - Cumulative preferred dividend paid = $78,000 - $16,000 = $62,000

Cumulative preferred dividend per share = Cumulative preferred dividend paid / Number of cumulative preferred shares outstanding = $16,000 / 20,000 = $0.80 per share

Common dividend per share = Common dividend paid / Number of common shares outstanding = $62,000 / 25,000 = $2.48 per share

3 0
3 years ago
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