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meriva
3 years ago
15

The primary responsibility of the board of directors is to __________. Select one: A. oversee the affairs of the organization B.

do tactical planning C. tell all the managers what to do D. make daily operational decisions
Business
1 answer:
Paladinen [302]3 years ago
4 0

The primary responsibility of the board of directors is to (D) make daily operational decisions.(The main responsibility of a Board of Director is to make day-to-day management decisions. )

Explanation:

The main responsibility of a Board of Director is to make day-to-day management decisions. The primary purpose of the board of directors is to safeguard the shareholders interest by maintaining detached, impartial oversight on management.

Some of the duties of Board Members are:

  • To develop  the Organization's Mission and Purpose.
  • Another important duty is to Monitor and Manage Financial Resources.
  • To Recruit New Board Members.
  • To Spread positive word of mouth about t the Organization.

So we can Say that The primary responsibility of the board of directors is to (D) make daily operational decisions

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Kacy Spade, owner, invested $10,750 cash in the company in exchange for common stock. The company purchased office supplies for
lisov135 [29]

Answer:

Accounts                                                                 Debit($)       Credit($)

Cash                                                                            10,750

Common Stock                                                                                10,750

<u>Being cash invested for common stock</u>

<u> in the business</u>

Office Supplies                                                           312

Cash                                                                                                  312

<u>Being office supplies purchased with cash</u>

Office Equipment                                                       5,945

Account Payable                                                                            5,945

<u>Being office equipment purchased on credit</u>

Cash                                                                             1,268

Fees Earned                                                                                     1,268

<u>Being cash received on service rendered </u>

<u>to a customer</u>

Account Payable                                                       5,945

Cash                                                                                                5,945

<u>Being settlement of amount owned for </u>

<u>office equipment</u>

Account receivable                                                   2,279

Fees Earned                                                                                    2,279

<u>Being recognition of amount owned </u>

<u>by customer</u>

Rent Expense                                                           525

Cash                                                                                                 525

<u>Being cash paid for rent</u>

Cash                                                                         957

Account Receivable                                                                       927

<u>Being cash collected for account receivable</u>

Dividend                                                                   900

Cash                                                                                             900

<u>Being dividend paid with cash</u>

Explanation:

Journal entry entries are used to record accounting effect of business transactions. General journal has two sides that make up debit and credit.

Entries on the debit side are assets or expenses while entries on the credit sides are liabilities, equity and income.

Journal also has a narration for each accounting event to provide information about the entry.

5 0
3 years ago
Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period. Units U
HACTEHA [7]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period.

Units= 100

Unitary Cost Beginning Inventory  $ 46

Purchases:

#1= 650units at  $42

#2= 550units at  $38

#3= 200units at  $36

The ending inventory is 350 units.

A) First in, first out

First, we need to calculate the number of units sold:

Units sold= beginning inventory + purchases - ending inventory

Units sold= 100 + 1400 - 350= 1150

Ending inventory= 200 units at 36 + 150 at 38= 200*36+150*38=$12900

Cost of goods sold= 100*46 + 650* 42 + 400* 38=$47100

B) Average cost= total cost of units available for sale/ number of unit

Average cost= (100*46+650*42+550*38+200*36)/1500

Average cost= $40 unit

Ending inventory= 350*40= $14,000

COGS= 1150*40= $46,000

C) Last in, first out

Ending inventory= 100 units* 46 + 250 units*42= $15,100

COGS= 200* 36 + 550*38+ 400*42= $44,900

8 0
3 years ago
If in 2019 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then using the market value
marin [14]

Answer:

Explanation:

If in 2006 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then using the market value of equity, the debt -equity ratio for Luther in 2006 is closest to ________.

A) 3.45 B) 1.72 C) 0.86 D) 2.41

B) D / E = Total debt / Total equity

Total Debt = Notes payable (10.5) + Current maturities of long-term debt (39.6) + Long-term debt (231.3 ) = 281.4 million

Total equity = 10.2 × $16 = $163.2, so D / E = $281.4 / $163.2 = 1.72

3 0
3 years ago
poornima gupta is retiring soon, so she is concerned about her investments providing her steady income every year. she is aware
pshichka [43]

In a case whereby poornima gupta is retiring soon, so she is concerned about her investments providing her steady income every year, the risk is poornima most concerned about protecting against is interest reinvestment risk.

<h3>What is interest reinvestment risk?</h3>

Reinvestment rate risk  can be described as the risk that should be considered in the case whereby the investor  have the reason to carry out  reinvestment in regards with the future cash flows  which could come inform of a  lower return  as a result of the interest rate declines.

It should be that this risk is very important to be taken serious by the investors because any slight mistake can result to very huge lost in the part of the investor and this can bring down there investor in term of finance which is very dangerous for his health as well as other investment that he have outside.

Read more about risk at:

brainly.com/question/17583177

#SPJ1

4 0
2 years ago
Describe the different types of instructional characteristics that this program should have for learning and transfer to occur a
Misha Larkins [42]

Answer:

Answer explained below

Explanation:

Safety is very important aspect in factory to avoid injuries and accidents. The injuries and accidents depends on type of factory and safety measures taken. So all employees should have knowledge of safety in the work. There are different job profiles for different levels of the peoples in the organization. So safety instructional material will be different for different levels of employees in the organization.

The account and office employees are out of production process so they should know basic instructions such as fire safety.

The employees who are working on particular machines they should having separate instructions about handling of machines and safety measures.

The Peons and watch mans   should required different safety instructions to avoid injuries and accident.

There are various cadres of managers like Production Manager, Finance Manager, HR Manager, Marketing Manager. More accidents generally happens in production area, So production Manager has required more instructional material.

8 0
3 years ago
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