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AleksAgata [21]
3 years ago
13

The Lending Club removed CEO Renaud Laplanche in 2016. Hans Morris, the company executive chairman, lauded him, saying his entre

preneurial spirit was critical to the success of the firm. But he also signaled the board was removing Mr. Laplanche because he had failed to build a strong control system and culture, stating that as a public company that provides a financial service, Lending Club must meet the industry high standards of transparency and disclosure. This kind of dismissal signals what message to the public
Business
1 answer:
Colt1911 [192]3 years ago
3 0

Answer: The board of directors are active and engaged.

Explanation:

The board of directors is a group which has a fiduciary duty in ensuring that the company is run consistently well with long term interests of the owners, or the shareholders of a corporation and they also act as an intermediary between shareholders and management.

In the above scenario, the dismissal signals that the board of directors are active and engaged. The dismissal shows that Lending Club meets the industry high standards of disclosure and transparency.

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Answer


Reward successful marketing program implementation by giving team members bonuses, recognition awards, promotions, etc.
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3 years ago
An aging of a company's accounts receivable indicates that the estimate of uncollectible receivables totals $7,900. If Allowance
ad-work [718]

Answer:

option d) debit to Bad Debt Expense for $7,200

Explanation:

Data provided :

Total estimated uncollectible receivables of the company = $ 7,900

credit balance for the allowance for doubtful accounts  =  $ 700

Therefore,

the net bad debt expenses of the company = $ 7,900 - $ 700 = $ 7,200

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7 0
4 years ago
Cost of goods sold computation LO P1 Unimart Precision Manufacturing Beginning inventory Merchandise $ 275,000 Finished goods $
Pavlova-9 [17]

Answer:

$660,000 and $975,000

Explanation:

We know that

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For Unimart, it would be

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And, for Precision Manufacturing, it would be

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= $975,000

We simply applied the above formula to find out the cost of goods sold

5 0
3 years ago
Milton Friedman stated in his famous article in The New York Times in 1970 that "the social responsibility of business is to inc
BartSMP [9]

Answer:

In this growing economy and competitive world, it is important for any business to maintain a good customer relationship by providing value to the customers. However, focusing only on profit maximization will not benefit the business in the long run.

Focusing on profit maximizing the profit will benefit the organisation in the short term and the company will only think about business interest keeping the costumers and society interest aside.

Explanation:

8 0
3 years ago
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