Answer:
The master budget should only be prepared by top management.
Explanation:
A budget is an estimation of the amount of money that a person or business plans to spend on activities within a given period.
Budgeting creates efficiency in spending and reduces waste.
It is an activity that should be carried out by all relevant staff. This is because the staff know where they need to spend money.
It top management independently make a budget, it may not meet some pressing needs of the staff.
Answer:
c. a proper purpose.
Explanation:
Proper purpose is an action taken by a shareholder or member of a corporation that is reasonable related to his position or rights.
With the proper purpose rule there is a constraint on a director's autonomy within an organisation and it provides checks to excesses by the management team.
Erin demands the right to inspect corporate records to determine whether management has engaged in self-dealing that impacts the company.
As a shareholder she is enforcing proper right and the court will uphold this.
Answer:
$20.94
Explanation:
first we must determine the present value of the the 3 rent amounts:
PV = $20/1.1 + $21/1.1² + $22/1.1³ = 52.07
then you need to calculate the payment considering the following values:
- principal = $52.07
- n = 3
- i = 10%
using a loan calculator payment = $20.9381 ≈ $20.94
Answer:
False statement is:
B Investment banks mainly collect deposits and make loans.
Explanation:
Investment banks act as an intermediary between its two kind of customers, which are corporate and individual customers.
They help individual customers to submit initial public offer, and investing in shares issued by corporate firms.
Thus, on one end their client is corporate firm and on the other hand their client is individual.
Thus, it do not invest by providing loans to their customers.
Therefore, Statement B is False.
B Investment banks mainly collect deposits and make loans.
