Answer: $1,031 million
Explanation:
Given that,
Retained earnings(2010) = $14,329 million
Retained earnings(2009) = $13,157 million
Net income(2010) = $2,203 million
Amount of dividends = Retained earnings(2009) + Net income(2010) - Retained earnings(2010)
= $13,157 million + $2,203 million - $14,329 million
= $1,031 million
Therefore, amount of dividends did Colgate-Palmolive pay to its shareholders in 2010 is $1,031 million.
Available options are:
A. The sale would be proper only upon requisite approval by the appropriate number of directors and at no more than Shephard's cost, thus precluding his profiting from the sale to the corporation.
B. The sale would be void under the self-dealing rule.
C. The sale would be proper and Shephard would not have to account to the corporation for his profit if the sale was approved by a disinterested majority of the directors.
D. The sale would not be proper, if sold for the present fair value of the property, without the approval of all of the directors in these circumstances.
Answer:
C. The sale would be proper and Shephard would not have to account to the corporation for his profit if the sale was approved by a disinterested majority of the directors.
Explanation:
The reason is that the transaction is arms length transaction and in this transaction the payer pays the amount that he must pay for an equivalent item which we call an fair value payment. The receiver here is a director though but he is receiving an legitimate price and this price is fair value of the property so he is not required to mention his profit share because the company is paying him fair value of the property.
Answer: B.
Explanation: The multi-step income statement is ultimately used in determining Net Income which is calculated by separately determining :
1. Gross profit( Net sales - cost of goods sold)
2. Operating income( Operating expenses - Gross profit)
3. Operating income combined with non - operating revenue, losses, profit and expenses to obtain the net income or loss.
Conclusively, Gross profit(margin) will be calculated separately, which then be used to obtain the operating income.
Answer:
The correct answer is letter "D": Value proposition.
Explanation:
A Value Proposition is a guarantee of a special and relevant advantage from producers to consumers. The purpose of the value proposition of the business is to convey a reason for the consumer to buy from the business and to direct the company in making decisions that are consistent with this promise.
A concise value proposition will identify <em>who the main customers are, what the problems of the customers are, what unique benefit the products of the company provide, </em>and <em>why this benefit is better for the customers than the advantages of the competitors.</em>
Answer:
The correct option is slow growth in productivity
Explanation:
The United States experienced slow growth in average income between the 1970s to 1980s, more than three decades after the second World War. However the gap between the highly paid and the low-paid workers have been steadily on the increase. Of all the reasons behind this, the major stand-out reason was the slow growth in productivity experienced in the United States as a result of the recession at that time.
