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Answer:
198,000
Explanation:
(960000 - 60,000) / 5 = 180k
Deprecation expense = 180,000 x 5 = 720,000
Deprecation expense from January to April = 4/12 x 180000
720 + 75h
The shareholders have the authority to remove a director in this scenario when only one member of the board of directors refuses to step down.
What is board of directors?
A board of directors, also known as the board or simply the board, is an executive committee that collectively oversees the operations of an organisation. This organisation may be for-profit or nonprofit, such as a <u>company, nonprofit, or government agency</u>.
Governmental regulations, including the corporate law of the applicable jurisdiction, as well as the organization's possess constitution and by-laws, set forth the rights, obligations, and obligations of a board of directors. These authorities may determine the number of board members, the process for selecting them, and the frequency of their meetings.
The full membership of an organisation that has voting members, who typically elect the board members, is responsible to and may be subordinate to the board in such an organisation.
Because In general, the sole authority to remove a director rests with the shareholders. A resolution to remove a director must be approved by a majority of shareholders at a special general meeting.
To learn more about board of directors
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Answer and Explanation:
The computation is shown below:
The formula is
APR = P × {(EAR + 1 )^(1 ÷ P) - 1}
1. For semi annually
= 2 × (0.106 + 1)^(1 ÷ 2) - 1}
= 10.33%
2. For monthly
= 12 × (0.115 + 1)^(1 ÷ 12) - 1}
= 10.93%
3. For weekly
= 52 × (0.092 + 1)^(1 ÷ 52) - 1}
= 8.81%
4. For infinite
= 365 × (0.129 + 1)^(1 ÷ 365) - 1}
= 12.10%
Answer:
(European) goldsmiths
Explanation:
European goldsmiths (Italian goldsmiths were the first) formulated a principle that only 5% of deposits were needed in reserve at any particular time, therefore they could lend 95% of the gold they held in deposit.
Goldsmiths would rent space in their vaults that allowed other people to keep their gold in a safe place. That led to transactions were notes indicating the amount of gold deposited would be traded instead of trading gold itself.
Eventually goldsmiths discovered that they could trade (lend) more money than the amount of gold they held in deposits, inventing fractional reserve banking.
