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maks197457 [2]
3 years ago
11

To avoid potential liability for misconduct in corporate operations, directors can refrain from reasonable supervision of work d

elegated to a. none of the choices. b. corporate employees. c. corporate officers. d. board committees.
Business
1 answer:
Ber [7]3 years ago
4 0

Answer:

c. corporate officers.

Explanation:

In the case when the potential obligation is to be avoided for any misconduct while having operations in the corporate so the directors could refrain from the supervision of the delegated work to the corporate officers so that the work could not harm that result in help in attains the goals & objectives

Therefore the option c is correct

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Which fo the following debts could possibly be forgiven under Chapter 7 bankruptcy?
ahrayia [7]

The correct answer is D Mortgage

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Read 2 more answers
Monopolies can earn positive economic profits in the long run while monopolistically competitive firms cannot due to
inessss [21]

Answer:

barriers to entry in monopoly but not in monopolistic competition.

Explanation:

Imagine a situation where a monopolistically competitive firm is doing very well and is able to earn economic profit (profits higher than normal) in the short run. Since this company is earning higher than normal profits, other companies will enter the market and start competing against them hoping to get a piece of that abnormally high gain. As more competitors enter the market, economic profits will start to decrease until finally they are eliminated.

Since monopolies do not face competition, they can earn economic profits in the long run.  

4 0
3 years ago
Merchandise costing $2,000 is sold for $3,000 on terms 2/30, n/60. If the customer pays within the discount period, what amount
madam [21]

Answer:

The amount that will be reported on the income statement as net sales is <u>$2,940</u> and as gross profit is <u>$940</u>.

Explanation:

Given:

Merchandise costing $2,000 is sold for $3,000 on terms 2/30, n/60.

If the customer pays within the discount period.

Now, to find the amount reported on the income statement as net sales and as gross profit.

Cost of merchandise = $2,000.

As, merchandise sold for $3,000.

So, to get the net sales we deduct the discount:

Merchandise on terms 2/30, n/60.

3,000-2\%\ of\ 3000\\\\=3,000-\frac{2}{100}\times 3000\\\\=3,000-0.02\times 3000\\\\=3,000-60\\\\=\$2,940.

<u><em>Thus, the net sales is $2,940</em></u>.

Now, to get the gross profit we subtract cost of merchandise from net sales:

\$2,940-\$2,000\\\\=\$940.

<em><u>Hence, gross profit is $940.</u></em>

Therefore, the amount that will be reported on the income statement as net sales is $2,940 and as gross profit is $940.

7 0
3 years ago
Epley Industries stock has a beta of 1.30. The company just paid a dividend of $.30, and the dividends are expected to grow at 4
rusak2 [61]

Answer:

The cost of equity using the DCF method: 4.39%.

The cost of equity using the SML method: 15.01%.

Explanation:

a. The cost of equity using the DCF method:

We have: Current stock price = Next year dividend payment / ( Cost of equity - Growth rate) <=> Cost of equity = Next year dividend payment/Current stock price + Growth rate = 0.3 x 1.04/80 + 4% = 4.39%.

b. The cost of equity using the SML method:

Cost of equity = Risk free rate + beta x ( Market return - risk free rate); in which Risk free rate is rate on T-bill.

=> Cost of equity = 6.3% + 1.3 x ( 13% -6.3%) = 15.01%.

6 0
3 years ago
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