Which of the following is true

The role of the board of directors in an organization is to:

poizon [28]

Answer:

OPTION A

Explanation:

The primary function of an organization's board of directors is to control the actions of the upper management team to make sure that the interests of shareholders are safeguarded.

PRIMARY FUNCTION OF BOARD OF DIRECTORS

Assess the vision and mission of the company to direct its present activities and potential development and set the agenda.

Review and assess current and future possibilities, threats, and hazards in the internal setting and the company's current & future strengths, weaknesses, and hazards.

4 0

3 years ago

I'm 17 yrs old, I'm tryna get a debit card but I heard I need to be 18, can a prepaid or savings account card do the same job? (

Gennadij [26K]

If your parents are okay with you getting a debit card of some sort, try the Greenlight card! It’s a debit card where the parent(s) can load money onto the card on a scheduled basis, such as allowance, or they could load money whenever they want. Also, if you are making your own cash, here is what I do. I just pay my father the money that I have and he puts that onto my Greenlight card :)

8 0

4 years ago

Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement

zalisa [80]

Answer:

d. $15,400

Explanation:

Sales (5,300 units) $296,800

Variable expenses ($174,900)

Contribution margin $121,900

Fixed expenses ($106,500)

Net operating income  $15,400

Workings:

Sale Price per unit = $319,200 / 5,700 = $56

Variable cost per unit = $188,100 / 5,700 = $33

Total Sales = 5,300 x $56 = $296,800

Total Variable cost = 5,300 x $33 = $174,900

5 0

3 years ago

Money, Inc., a calendar year S corporation in Denton, Texas, has two unrelated shareholders, each owning 50% of the stock. Both

kozerog [31]

Answer:

Both shareholder has $200,000 of dividend income resulting from the distribution.

Explanation:

Solution

Given that:

Now,

When the securities are issued, there will be a gain recognized of $200,000 to Money Inc. thus, The $200,000 = $1 million - $800,000.

The AAA will increase by $200,000.

This gain known will flow through to the two shareholders of Money Inc. as 50% is owned by both shareholders and the stock amount for each shareholder will be $200,000/2 = $100,000.

so, the basis of stock for each shareholder will increase by $100,000.

Now,

The distribution before AAA of securities the result will be = 300,000+100,000+200,000 = $600,000.

Then,

A $1 million distribution will be acted on first as coming first from AAA to the extent of $600,000.the amount balanced will be $1 million - $600,000 = $400,000. This will be serve as coming from AEP.

so,

The AAA is = 600,000 – 600,000 = 0.

The basis for each shareholder before distribution will be = 400,000+100,000+50,000 = 550,000.

The portion of non taxable of the above distribution = 300,000 from AAA.

Hence,the basis = 550,000 – 300,000 =250,000

Therefore, each shareholder has $200,000 of dividend income resulting from the distribution.

4 0

4 years ago

Douros Realty & Construction Co. had a lead on a "prime" piece of real estate. Although Douros did not have a listing agreem

Mazyrski [523]

Answer:

usually, a useful consideration that is needed to aid a contract may be either a loss to the promisee or a benefit to the promisor. The loss to the promisee usually may come in form of his own doing by involvement in illegal dealings. Douros did what or was involved in what he was not expected to do legally by revealing the location of the property and the owner's name. This leads legal consideration and also the courts will hardly take a peep/ look at the adequacy of the consideration.

Explanation:

8 0

4 years ago