Answer: 6.91%
Explanation:
Expected return = Sum of (Probability of state of economy * Return given state of economy)
= (56% * 8%) + (12% * 25%) + (19% * -3%)
= 4.48% + 3% - 0.57%
= 6.91%
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.
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Answer: Account payable
Explanation:
The account payable is one of the type of department which track all the expenditures, purchasing order statement and the payment.
The main responsibility of the account payable is that it maintain all the historical records of the payment and also balance all the debt system. It is the process of recording all the important information or the data.
According to the given question, the debt basically created by the business during the process of borrows from the supplier or the vendors is known as the account payable.
The earliest elections will come effective on January 1, 2016 for case a, b, d anf January 1, 2017 for rest options.
<h3>For different
alternative scenarios:</h3>
a.) Jane is on top of things and makes the election on January 1, 2016.
January 1, 2016
b.) Jane is mostly on top of things and makes the election on January 15, 2016.
January 1, 2016
c.)Jane makes the election on February 10, 2016. She needed a little time to convince a C corporation shareholder to sell its stock to a qualifying shareholder. That process took all of January, and she was glad to have it over with.
January 1, 2017
d.)Jane makes the election on March 14, 2016.
January 1, 2016
e.)Jane makes the election on February 5, 2016. One of the shareholders refused to consent to the S election. He has since sold his shares (on January 15, 2016) to another shareholder who consented to the election.
January 1, 2017
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