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3 years ago

Explain the difference between a board meeting, a committee meeting and a staff meeting

Business

1 answer:

Minchanka [31]3 years ago

6 0

Answer:

Board meeting is a group of high ranked people coming together to discuss affairs.

committee meeting is the coming together of people in a particular organisation to talk on the matter of the place

staff meeting is the group of staff discussing the affair of where they work.

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urrent and Quick Ratios The Nelson Company has $1,250,000 in current assets and $500,000 in current liabilities. Its initial inv

charle [14.2K]

Answer: $3,250,000

Explanation:

The Current Ratio is used to calculate if the company's current assets can pay off it's current Liabilities.

It is calculated by dividing Current Assets by Current Liabilities.

The company plans to increase it's note payable to enable it but more Inventory. We can therefore assume that the increase in notes Payable (current Liability) will be the same as the increase in inventory (current asset) since the former is funding the latter.

The company does not want the current Ratio dropping below 1.2 so 1.2 is the ideal ratio.

The formula will therefore be;

1.2 = (Current Assets + Change in Notes Payable ) / Current Liabilities + Change in Notes Payable

1.2 = (1,250,000 + Change in Notes Payable) / 500,000 + Change in Notes Payable

600,000 + 1.2(Change in Notes Payable) = 1,250,000 + Change in Notes Payable

1.2( Change in Notes Payable) - Change in Notes Payable = 1,250,000 - 600,000

0.2 (Change in Notes Payable) = 650,000

Change in Notes Payable = $3,250,000

4 0

4 years ago

Which of the following is representative of safeguarding assets?

iren2701 [21]

Yes it is correct the chart is increasing

7 0

4 years ago

Read 2 more answers

Int erms of cost and responsibility the easiest incoterm for the exporter which is in turn the most difficult for the importer i

lesya [120]

In phrases of cost and responsibility, the very best incoterm for the exporter that is, in turn, the maximum tough for the importer is Ex-works (EXW).

The definition of cost is the amount paid for something or the rate of doing something. An instance of a value is $three for a half gallon of milk.

Price is the cost of money that a business enterprise needed to spend to produce its items or services. it is calculated as the quantity that an employer spends with the intention to produce a sure unit of a product. In simple words – it is the cash that a business enterprise spends on matters including hard work, offerings, raw materials, and more. the fee is the expenditure required to create and sell products and services, or to gather belongings. whilst offered or eaten up, a price is charged to price.

Costing is critical to make sure that all charges are blanketed and the institution fixes a price that ensures a profit. the first and maximum important step is to perceive all the prices of a enterprise: manufacturing, income, administrative, overheads, and so forth.

Learn more about cost here:

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6 0

2 years ago

EZ Wheels Corporation manufactures kick scooters. The company offers a one-year warranty on all scooters. During 2017, the compa

KIM [24]

Answer:

$22.8 million

Explanation:

Calculation to determine EZ Wheels Corporation’s warranty expense for 2017

Using this formula

2017 Warranty expense=Net sales*Percentage of sales returned*Percentage cost of replacing goods

Let plug in the formula

2017 Warranty expense=$1,900 million x 4% x 30%

2017 Warranty expense= $22.8 million

Therefore EZ Wheels Corporation’s warranty expense for 2017 is $22.8 million

5 0

3 years ago

Businesses earn profits by converting financial, physical, and labor resources into goods and services that satisfy consumer dem

Jobisdone [24]

Answer:

true

Explanation:

Business refers to the practice of living or earning money through the production or acquisition of and selling of items (such as products and services). Simply stated, it's "any operation or organization engaged into for benefit. It doesn't say it's a firm, a corporation, a relationship, or any organized entity like that, but it can vary from a road huckster to General Motors.

Having a business name doesn't differentiate the corporate entity from the shareholder, which ensures that the business owners are responsible and accountable for the liabilities the corporation has accrued.

The word is also sometimes used to apply to a business colloquially. At the other side, a corporation is a completely separate entity that accounts for both personal liability and corporate taxes. A management structure is more complex and expensive to build but gives the investor greater security and advantages.

5 0

3 years ago

Explain the difference between a board meeting, a committee meeting and a staff meeting​

Explain the difference between a board meeting, a committee meeting and a staff meeting