I would say a just to make sure he is making a right chocie
Answer:
No, because they violated the duty of care
Explanation:
Business judgement rule is a provision that protects the management of a business from frivolous legal action concerning the way it does business.
The court assumes that the management acts in good faith in its fiduciary role, standard of loyalty, prudence, and care.
Duty of care is breached when the management do not make reasonable effort to prevent injury or loss.
In this instance Signal board is not protected by the business judgement rule because they violated duty of care.
Although the offer by Burmah oil is above the valuation a month ago, the board did not bother to do a present valuation or find out if other companies want to buy the subsidiary at a higher price.
Answer:
A.$2,619
B.$6,800
C.$839
D.$495
Explanation:
Calculation to Determine the amount to be paid in full settlement of each of the invoices,
a) (2,800-200)*99%+45
=2,600*99%+45
=2,574+45
= $2,619
b) (7,600-800)
= $6,800
c)$1,400 – $600 – $16 + $55
=$784+$55
= $839
d)$500 –$5 = $495
Answer:
Discounted cash flow strategies consider the time value of the currency and consider all future cash flows.
Explanation:
Discounted cash flow approaches recognize the value of money, and take into consideration all investment returns, unlike other traditional capital budgeting approaches.
- Discounted cash flow is an accounting tool used to measure an investment's worth based on its future revenues.
- Discounted Cash Flow analyses are trying to figure out the value of the company now, based on estimates of how much revenue it will make in the future.
Answer and Explanation:
The Journal entry is shown below:-
On August 2
Stock dividend Dr, $67,320 ($33,000 × 3% × $68)
To Stock dividend distributable $49,500 ($33,000 × 3% × $50)
To Paid in capital in excess of par - common stock $17,820
(Being stock dividend is recorded)
On September 15
No Journal entry is required
On October 8
Stock dividend distributable Dr, $49,500
To Common stock $49,500
(Being stock dividend is recorded)
