Answer:
Trial Balance of Snow Go Company
Particulars Debit$ Credit$
Equipment 88,000
Common Stock 20,000
Dividends 8,000
Salaries and Wages Payables 2,000
Accounts Payables 22,000
Notes Payables(Short Term) 19,000
Salaries and Wages Expenses 42,000
Utilities Expense 3,000
Accounts Receivables 4,000
Prepaid Insurance 6,000
Service Revenue 95,000
Cash <u>7,000</u> <u> </u>
TOTAL $<u>158,000</u> $<u>158,000</u>
Answer:
1. What must the shareholders prove to recover?
The shareholders say that the Board of Directors had given Ovitz more as written in Employment Agreement. Ovitz had more incentives & other facilities as compared to other employees.
And that is unfair with the other employees. Because of this the shareholders had filed a complaint against the company about the remuneration of O.
2. What does the court say is the relationship between good corporate governance, liability, and business judgment?
The court has to decide that whether the Board of directors should be responsible for the decision-making process and wasting corporate assets or they have power and authority to do anything they want.
Rules of corporate governance of any company are mentioned in their terms and conditions and in this case the Board goes beyond the requirements and because of this liability of company will also increase.
3. What alternatives to litigation do shareholders have?
They have many alternatives;
1) Negotiation with the Directors
2) Dealing with small claims electronically.
3) Through Discussion
4) Involvement of some mediator
A commercial bank offers products and services such as loans, savings accounts, safety deposit boxes and mutual fund/insurance to individuals and businesses.
Answer:
a bar graph
Explanation:
A bar graph may be defined as a visual representation of the categorical data or information which is represented by rectangular shape bars with their lengths or height proportional to the values they represent. A bar graph is also known as bar charts.
The rectangular bars can be plotted either vertically or horizontally.
In the context, a bar graph or a bar chart would be the best option to represent the number of employees who ride a bicycle and come to office and compare them to the number of employees who takes a public vehicle, drives a car or even come to office by walking.
Answer:
From the list of options, Option A is the only correct one:
"the actual usage of materials was less than the standard allowed".
Explanation:
<em>Material usage variance</em>
A material usage variance occurs when the standard quantity required to active a particular level of production is higher or lower than than the actual actual quantity used. A favorable variance would mean than less quantity of materials were used than the standard to achieve a given output level. And an adverse variance would mean the opposite.
<em>Material price variance</em>
A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favorable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite.
From the list of options, Option A is the only correct one
