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Paladinen [302]
3 years ago
12

Arielle, a successful banker and educator, has decided to retire, but she is very interested in staying involved with a company

"that cares." So when asked to serve on its board of directors, she gladly accepted the invitation. As a member of the board, Arielle will be involved with the organization's____________
Business
1 answer:
earnstyle [38]3 years ago
3 0

Answer:

overall strategic goals and approval of major decisions.

Explanation:

A board of directors are people that are selected to make decisions that are beneficial to shareholders and to ensure that the management of the organisation acts in the best interest of shareholders.

Directors asses the performance of the management and make major decisions such as acquisitions, issuing of new shares, company liquidation, and dividend declaration.

So Arielle will be involved in approval of major decisions and attainment of business goals as a member of the board of directors.

You might be interested in
Lynette Company's Inventory balance at 12/31/04 was $200,000 and was $188,000 at 12/31/05. Its Accounts Payable balance e at 12/
Viefleur [7K]

Answer:

A) $704,000.

Explanation:

For computing the cash payments we need to calculate the following amounts which are as follows

Total purchases = cost of goods sold + ending inventory - opening inventory

= $720,000 + $188,000 - $200,000

= $708,000

Now cash payment to merchandise is

= Beginning account payable balance + purchased made - ending account payable balance

= $80,000 + $708,000 - $84,000

= $704,000

Hence, the correct option is A. $704,000

3 0
3 years ago
Cox, North, and Lee form a partnership. Cox contributes $201,000, North contributes $167,500, and Lee contributes $301,500. Thei
Masteriza [31]

Answer:

Lee's portion of income =$81, 900

Explanation:

<em>The income or loss would be shared according to the ratio of capital contributed. The ratio is the proportion of capital contribute per partner to the total pool of capital.</em>

Lee;s portion of income

= lees capital/total capital × reported income

= 301,500/(201,000+167,500+ 301,500)  × 182,000

= $81, 900

Lee's portion of income =$81, 900

3 0
2 years ago
Martinez Corporation owns a patent that has a carrying amount of $310,000. Martinez expects future net cash flows from this pate
meriva

Answer:

Please find the detailed answer as follows:

Explanation:

Step 1. Given information.

Carrying amount 310.000

Fair Value 160.000

Step 2. Formulas needed to solve the exercise.

Impairment loss = Carrying value - Fair Value

Step 3. Calculation.

Impairment loss = $310.000 - $116.000 = $194.000.

Step 4. Solution.

The carrying amount of $310.000 > fair value of $160.000. To measure the impairment loss, just do CV-FV. hence $310.000 - $116.000 = $194.000.

Loss on impairment $194.000

Patent $194.000

6 0
3 years ago
Demand curves intersect the quantity axis due to​ ________ and intersect the price axis due to​ ________.
igor_vitrenko [27]

Answer:

time limitations in limited marginal utility; limited income and wealth

Explanation:

Demand curves intersect the quantity axis due to time limitations in limited marginal utility, which explains the second law of demand – the lower the price, the higher the quantity demanded. While it intersects the price axis due to limited income and wealth, which also explains the second law of demand – the higher the price, the lower the quantity demanded.

The marginal utility of a consumer is limited, because, the more of the goods consumed, the amount of satisfaction derived decreases. Hence, the demand curve intersects the quantity axis, indicating the point when the consumer derives no more satisfaction from the consumption of that good.

On the other hand, as a result of limited income of the consumer, it would come to a point when the consumer will not be able to purchase any quantity of the goods as the price increases. The point at which the demand curve intersects the price axis, indicates he point where the consumer income cannot purchase any quantity of the goods.

6 0
3 years ago
Nicole and her team of skillful systems analysts have been hired to create a database system for an educational software package
zhuklara [117]

Answer:

True.

Explanation:

The type of database that Nicole's team would recommend is a relational database.

Relational database can be described as the arrangement of formally described tables from which data can be got in many different ways without having to reorganize the tables.

The relational database is critical in that it enhances easy accessibility to information. Also, it streamlines processes and procedures and allow for specific investigation of data and record. Nicole's team is therefore making a good stance and decision by recommending the Relational Database to its client.

8 0
3 years ago
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