The answer to this question is <span>By electing a board of directors
</span><span>Board of directors will have a certain amount of voting rights based on their total ownership in that company.
This voting right often used in electing top level management such as CEO or CFO. So, if you have the majority votes in the board of directors, you could technically control the upper management in that company.</span>
Answer:
a. setting a price higher than the going price results in zero sales
Explanation:
Perfect competition markets are theoretical since there is not perfectly competitive market in the world, but some markets, specially commodities, work in similar ways. All the markets that work similarly to perfect competition markets have many sellers and buyers, and that prevents any individual seller or buyer from having to much market power, so all of them must be price takers if they want to sell their goods.
Answer and Explanation:
The Journal entry is shown below:-
Compensation expenses Dr, $20,000
((60,000 × $1) ÷ 3 years
To Paid in capital - Stock options $20,000
(Being compensation expense for the year 2021 is recorded)
To record compensation expenses for the year 2021 we simply debited the compensation expenses as it increases the expenses while we credited the paid-in capital - stock option as it increases the equity.
Answer:
the applied manufacturing overhead is $291,060
Explanation:
The computation of the applied manufacturing overhead is shown below:
= Predetermined overhead rate × total direct labor hours
= $23.10 × 12,600
= $291,060
Hence, the applied manufacturing overhead is $291,060