Annual general meeting what is it?

1 answer:

7 0

Answer: Gathering of the directors and stockholders (shareholders) of every incorporated firm, required by law to be held each calendar year. Generally, not more than 15 months are allowed to elapse between two AGMs, and a 21-day's written notice of its date is required to be given to the stockholders. The main purpose of an AGM is to comply with legal requirements, such as the presentation and approval of the audited accounts, election of directors, and appointment of auditors for the new accounting term. Other items that may also be discussed include compensation of officers, confirmation of proposed dividend, and issues raised by the stockholders.

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Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is

VikaD [51]

Answer:

The straight line depreciation for the first year is $24000

Explanation:

The straight line method of depreciation charges/allocates a constant amount of depreciation through out the useful life of the asset. The straight line depreciation expense for the year is calculated as follows,

Straight line depreciation = (Cost - Salvage Value) / Estimated useful life

Straight line depreciation = (135000 - 15000) / 5 = $24000 per year

Thus, the amount of depreciation for first year under straight line method is $24000

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3 years ago

Veronica’s Dress Shop marked down a pair of shoes 15% if the customer purchased them with a dress or pantsuit. The shoes’ sale p

34kurt

Multiply .15 by $59.00. That number is the discount off of the $59. This number comes out to be $8.85. Now subtract that from 59. This number comes out to $50.15. That would be the price of the shoes. <span />

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4 years ago

The united states and kenya are exploring the possibility of a trade deal. ________ refers to a situation in which a government

Leto [7]

The united states and kenya are exploring the possibility of a trade deal. <u>Free Trade </u>refers to a situation in which a government does not attempt to restrict what its citizens can buy from or sell to another country.

<h3>What is Free Trade?</h3>

A free trade policy is one in which imports and exports are not restricted. It is also known as the free market concept applied to international trade. Most countries now participate in multilateral trade agreements negotiated by the World Trade Organization. Goods and services can be purchased and sold across international borders with little or no government taxes, quotas, subsidies, or bans impeding their interchange under a free trade policy. Trade protectionism and economic isolationism are the polar opposites of free trade.

To learn more about Free Trade from the given link

brainly.com/question/10608502

$SPJ4

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2 years ago

Which of the following is adjusted every year for inflation

kykrilka [37]

Tax brackets are adjusted yearly by the Internal Revenue Service, also known as the IRS. They are adjusted yearly because the economy in the United States has inflation each year. The IRS will then adjust the tax brackets upwards for the citizens. The IRS will adjust things like the standard deduction, personal exemptions, etc for the cost of living. The taxes sometimes will stay the same, but the person or corporation will go into a different tax bracket. The correct answer will be B: Tax Brackets.

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3 years ago

What is the fallacy of composition?

Leto [7]

No it is not "the assumption... or landowners". Its "the mistaken belief that what seems like a good deal for one person will still be a good deal when everyone does it". I'm on the test right now and my teacher set it to where I know if I got the answer right or wrong and what I wrote is correct. Hope this helps.

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3 years ago