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3 years ago

11

Which person argued that a corporate manager's primary responsibility is to the shareholders of the organization and that manage

rs should make the company as profitable as possible while also complying with the law

1 answer:

vitfil [10]3 years ago

3 0

Answer:

The person is

Explanation:

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A company reported total equity of $145,000 at the beginning of the year. The company reported $210,000 in revenues and $165,000

Allushta [10]

Answer:

e. $ 282,000

Explanation:

To determine the assets of the company at year end, we need to find the equity at year end, this is calculated as follows:

Opening Equity $ 145,000

Net Income for the year $ 45,000

Revenues $ 210,000

Expenses $ 165,000

Equity at end of year $ 190,000

The accounting equation is

Assets = Liabilities + Stockholders' Equity

Assets = $ 92,000 + $ 190,000 $ 282,000

4 0

3 years ago

Worthy Ships initially issued 400,000 shares of $1 par stock for $2,000,000 in 2021. In 2023, the company repurchased 40,000 sha

liq [111]

Answer:

Worthy Ships:

Treasury Stock account balance would be $80,000.

Explanation:

Treasury Stock account is a contra account to the Common Stock account. Using the cost method, the account will have a debit entry and balance of $400,000 in 2023. In 2024, with the resale of shares, the account will have a credit entry of $320,000. This would bring the balance to $80,000 at the end of 2024.

8 0

3 years ago

Steady Company's stock has a beta of 0.18. If the risk-free rate is 6.1 % and the market risk premium is 6.9 %, what is an es

ahrayia [7]

Answer:

Steady Company's cost of equity is estimated to be 7.342%

Explanation:

The cost of equity is the return that is required by the holders of common stock in the company.

<em>Cost of Equity = Return on Risk free Securities + Beta × Risk Premium</em>

= 6.1 % + 0.18 × 6.9 %

= 7.342%

Therefore, Steady Company's cost of equity is estimated to be 7.342%.

6 0

3 years ago

Define economic development ?

zubka84 [21]

Answer:

<h2>Economic Development is the </h2><h2>creation of wealth from which community benefits are realized. It is more than a jobs program, it's an investment in growing your economy and enhancing the prosperity and quality of life for all residents. Economic development means different things to different people.</h2>

Explanation:

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3 years ago

A new investment adviser that will use a passive management approach opens its first account with a customer that is placing $10

PtichkaEL [24]

Answer:

B.

Explanation:

Based on the information provided it can be said that the investment adviser should recognize that the customer's request is not within the scope of the adviser's expertise and retain an outside investment counsel. A "passive" investment manager believes in results generated by a diversified portfolio over one of individually selected stocks. Since the individual wants the adviser to choose the stocks, then the adviser has the responsibility to step back due to his lack of expertise selecting an individual stock portfolio and advise the individual to retain another investment advisor.

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3 years ago