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Hoochie [10]
3 years ago
6

Corporations have limited liability, but lose ultimate control of corporate assets to the ______________ ..

Business
1 answer:
Vinil7 [7]3 years ago
5 0

Answer:

Stockholders

Explanation:

Stockholders are the owners of a company.  As owners , stockholders have voting rights in the company.  Shareholder elects directors who represent them on the board of directors. Each share is equivalent to one vote.  The board members recruit top management of the company. The board provides policy guidelines, makes critical decisions, and supervises senior management.

By electing board members, shareholders influence the management of the business. Should the stockholders be unhappy with the way the company is being managed, they can vote out the current director and elect new ones. The new directors then appoint fresh managers. In this way, shareholders maintain control of the assets of the company and its assets.

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On January 1, Year 1, Gemstone Mining Company (GMC) paid $10,500,000 cash to purchase a stone pit estimated to hold 50,000 tons
Varvara68 [4.7K]

Answer:

Cost of Mining Stone pit = $10,500,000

Salvage value at the end of third year = $500,000

Total expected mining during the life = 50,000 tonnes

Depletion per tonne = (cost - salvage) ÷ total expected mining

                                 = (10,500,000 - 500,000) ÷ 50,000

                                 = $200 per tonne

Stone extracted during the year = 10,000 tonnes

Depletion expense of Year 1 = 10,000 tonnes @ 200 per tonne

                                                = $2,000,000

JOURNAL ENTRY:

Depletion expense A/c  Dr.                        $2,000,000

To  Accumulated Depletion- Mining rights                    $ 2,000,000

(To record depletion expense for Year 1)

6 0
3 years ago
The ronnie co. has sales per share of 25.37. If the PS ratio is 1.47 times, what is the stock price?
ivolga24 [154]

Answer:

$37.30

Explanation:

Sales per share S = 25.37

PS ratio = 1.47 times

PS ratio = Price to sales ratio = P/S  

P/S = 1.53

Price per share = (P/S) * Sales per share

Price per share = 1.47 * 25.37

Price per share = $37.2939

Price per share = $37.30

6 0
3 years ago
The practice that involves short-term trading of mutual funds seeking to take advantage of short-term discrepancies between the
Diano4ka-milaya [45]

Answer:

A. Market Timing

Explanation:

Based on the information provided within the question it can be said that the term being described within the question is called Market Timing. Like mentioned in the question this term refers to a strategy of buying and selling different financial assets, usually by trying to take advantage of price discrepancies in the short term.

8 0
3 years ago
In the Circular Flow example, some Households have Labor (and possibly other) resources which are ______________ and, therefore,
dimulka [17.4K]

In the Circular Flow example, some Households have Labor (and possibly other) resources that are <u>under-employed</u> and, therefore, receive fewer Goods and Services in a Market-based economy.

A circular flow model is a diagram that is used to represent monetary transactions in an economy. It shows how money, goods, and resources move through a market economy.

The circular flow is the exchange of money between firms and households.

The main factors in the circular flow of economic activity are households (or individuals), firms, and the government.

Learn more about circular flow here

brainly.com/question/14043044

#SPJ4

4 0
2 years ago
Given the following information, what is the value of Depreciation and Amortization Expense?
Slav-nsk [51]

Answer:

B) $43,400

Explanation:

The computation of the net income is shown below:

Revenue $100,000

Less: Cost of goods sold $10,000

Gross profit $90,000

Less: Selling General & Administrative Expenses $20,000

Less: Research and Development Expense$5,000

Less: Depreciation and Amortization Expense $3,000

Operating income $62,000

Less: Income tax provision -$18,600

Net income $43,400

6 0
3 years ago
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