Answer: c. An inside director is a board member who also holds a managerial position in the company
Explanation:
Inside Directors are indeed Board members who are employees/ hold managerial positions in the company.
They are in a unique position to help the board in Corporate Governance because as they are on the ground, they have specialized knowledge of the company and as such can provide complete information to the Board.
They typically include a Company's top executives such as the CEO, CFO and the COO.
Answer and Explanation:
The Journal entries are shown below:-
Office equipment Dr, RM8,000
To Cash RM3,000
To Accounts payable RM5,000
(Being purchase of office equipment is recorded)
Here we debited the office equipment as it increased the assets and credited the cash and account payable as it decreased the assets and increased the liabilities
Faisal has provided John an informational support. An informational support is a way of providing an individual any advices or guidance in terms or problems or anything that could be of help to the person. It could be seen above as Faisal has provided him support and guidance by asking him questions and evaluating the problem. It could also be seen that John has been helped by Faisal for his productivity has been improved.
Answer:
The answer is A. $2 million
Explanation:
Market share is the percent of total sales in an industry generated by a particular company.
The company target market share = $50 million * 0.1= $5 million
additional sales = $5 million - $3 million = $2 million
Chelsea Lee's division must make additional sales of $2 million
Answer:
$8,542,000
Explanation:
Stockholder's equity is computed as seen below;
Common stock and paid in capital
$4,900,000
Retained earnings
$3,900,000
Treasury stock
($258,000)
Total stockholder's equity
$8,542,000
Therefore the shareholder equity basis as of Dec 31 2022 is $8,542,000