Answer: $3,564.50
Explanation:
The total amount that the company will pay for the merchandise is the net cost of the merchandise, less a 3% cash discount, plus the transportation costs. The cash discount normally only applies to the merchandise and not the transportation costs.
The cost of the merchandise is $3,600 less the $250 refund, which equals $3,350. With a 3% cash discount they will pay 97% of this amount, which is $3,249.50. After adding the additional transportation charge of $315, the total amount to be paid is $3,564.50.
Answer:
d. $29,580.
Explanation:
Note: The data in the question are merged together and they are first sorted and separated as given in the attached file before the question is answered.
Cost individually incurred by Maintenance = $25,500
Share of Payroll Department cost = $20,400 * (15/75) = $4,080
Total Maintenance Cost = $25,500 + $4,080 = $29,580.
Therefore, he total cost of operating the Maintenance Department for the current period is d. $29,580.
Answer:
$225,000
Explanation:
Federal corporate income tax (21% flat rate)
$1,000,000 x 21% = $210,000
Federal dividend tax (15%).
$100,000 x 15% = $15,000
Dividens are neither expenses nor deductible, so they do not reduce the amount of corporate taxable income. Therefore we must add up the two quantities.
$210,000 + $15,000 = $225,000
Answer:
The correct option is A,safeguarding shareholders' interests
Explanation:
Showing integrity and ethical behavior comes under a company portraying itself as a good corporate citizen in order to endear itself to stakeholders, however the responsibility of safeguarding shareholders' interests is the fundamental and not necessarily falls under ethical behavior as the primary reason for the creation of the business in the first place is to enhance maximization of shareholders' wealth
Disclosure and transparency as well as vigilance of the board of directors are both required in order to ensure the wealth of owners are enhanced.
Answer:
No, because they violated the duty of care
Explanation:
Business judgement rule is a provision that protects the management of a business from frivolous legal action concerning the way it does business.
The court assumes that the management acts in good faith in its fiduciary role, standard of loyalty, prudence, and care.
Duty of care is breached when the management do not make reasonable effort to prevent injury or loss.
In this instance Signal board is not protected by the business judgement rule because they violated duty of care.
Although the offer by Burmah oil is above the valuation a month ago, the board did not bother to do a present valuation or find out if other companies want to buy the subsidiary at a higher price.
