Answer:
Answer is explained in the attachment.
Explanation:
Answer:
They are not directly related to production.
Explanation:
Operating expenses are the costs incurred in running the affairs of a business on a day-to-day basis. They refer to the expenses associated with the maintenance and administration of a business. Operating expenses are also operational costs and include rent, machinery, payroll services, utilities, uniforms, and office supplies. operating cost also covers overhead expenses as well as the cost of goods sold
Answer:
a. vote to replace the board of directors who can replace the self-interested managers
b. fire them
Explanation:
In a corporations in which the major aim is to promote the interest of the shareholders, there is bound to be class of interest between the managers and the shareholders.
Most times, the manager will try to pursue his own personal interest at the detriment of the organization. Firing such managers and, in most cases, voting during board meetings to replace them are ways to put the organization back to business.
Answer:
$41.14
Explanation:
Declared dividend per share = $1.20
Tax on declared dividend per share = $1.20 * 28% = $0.3360
Net Declared dividend per share = $1.20 - $0.3360 = $ 0.864
Firm's closing stock price per share today = $42
Opening share price tomorrow = $42 - $0.8640 = $41.1360, approximately $41.14.
