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Cerrena [4.2K]
3 years ago
11

In one sentence, briefly explain why a secretary must finalise his or her minutes in the shortest possible time after a meeting

has ended
Business
1 answer:
USPshnik [31]3 years ago
7 0

Answer:

Every set of minutes should include basic information about the meeting, starting with the meeting type -- committee or general -- and the time and date at which it started. The secretary should also record the names of all parties present as well if any members were excused from the meeting before it opened. If members arrive late to the meeting, note the time at which they arrived. In addition, if a proxy represents a member or a quorum of members, such as the case of a shareholder's meeting, the minutes should reflect his presence. The secretary should also record the time at which the meeting adjourns

Explanation:

 Couldn't have been in one sentence but i hope i helped! xoxo

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On January 2, 2014, a calendar-year corporation sold 8% bonds with a face value of $1,500,000. These bonds mature in five years,
Katyanochek1 [597]

Answer:

$69,660

Explanation:

Calculation for how much should be charged to interest expense in 2014 Using the effective-interest method of computing interest

2014 Interest expense =($1,384,000 × .05) =

2014 Interest expense=[$1,384,000 + ($1,384,000 × .05 - $60,000)] × .05

2014 Interest expense=[$1,384,000 + ( $69,200- $60,000)] × .05

2014 Interest expense=[$1,384,000 +$9,200] × .05

2014 Interest expense=$1,393,200×0.05

2014 Interest expense=$69,660

Therefore Using the effective-interest method of computing interest, how much should be charged to interest expense in 2014 is $138,860

3 0
3 years ago
Use the following information to determine this company's cash flows from financing activities.
EastWind [94]

Answer:

See the explanation below.

Explanation:

<u>Details                                                                Amount ($) </u>

Issued common stock                                          74,000

Dividend paid                                                       (13,000)

Settlement of note payable                               (120,000)

Treasury stock acquired                                   <u> (120,000) </u>

Net cash flows from financing activities       <u> (179,000)  </u>

7 0
4 years ago
The controller of Diaz Co. believes that the yearly allowance for doubtful accounts for Diaz Co. should be 2% of net credit sale
pickupchik [31]

Answer:

The answer is given below.

Explanation:

A) - In the following case, the stakeholders seem to be the chairman of that company, the Controller of that company. The Stockholders as well as all the other group that has an interest in the organization's balance sheet, including an investment manager or even a banker seeking to give cash.

B) - Yes, the appeal of the chairman raises the legal issues for such a manager. Due to confusing income reports as suggested by the chairman, the operator poses a moral issue. In the viewpoint, for safeguard the interests of big business and not to confuse customers by representing wrong net profits, the manager will be guided. Required to disclose correct net profit that, on effect, influences their rate of growth ratio. Aggregate-income growth gives a clear view of the pace where the businesses also raised their earnings. All others remaining identical, shares having stronger net profit rates of growth are much more attractive as compared to others.

C) - Yes, of course, the manager will be worried about the rate of growth of that company due to the rate of growth that should be focused upon rational as well as reliable income reports. The manager does not file income reports for the chairman's goal of meeting or retaining the defined rate of growth. The following inflation rate would be focused upon operational and financial performance, not on some distorted financial reporting.

6 0
3 years ago
A person who buys the right to use a business name and sell a product within a given territory is called
miskamm [114]
A. A franchise buys the rights to use a name and sell a product or service.
4 0
3 years ago
Use the information from the balance sheet and income statement below to calculate the following ratios:
Marina86 [1]

Answer:

a. Current Ratio  = current assets / current liabilities = 190,000 / 153,000 = 1.24

b. Acid-test ratio  = (current assets - inventory) / current liabilities = (190,000 - 50,000) / 153,000 = 0.92

c. Times interest earned  = EBIT / interest expense = 65,000 / 8,000 = 8.13

d. Inventory turnover  = COGS / inventory = 90,000 / 50,000 = 1.8

e. Total asset turnover  = net sales / total assets = 210,000 / 525,000 = 0.4

f. Operating profit margin  = operating income / total sales = 65,000 / 210,000 = 0.31

g. Days in receivables  = (accounts receivables / total sales) x 365 = (30,000 / 210,000) x 365 =  52.14 days

h. Operating return on assets  = operating income / total assets = 65,000 / 525,000 = 0.12

i. Debt ratio  = total liabilities / total assets = 273,000 / 525,000 = 0.52

j. Fixed asset turnover  = total sales / fixed assets = 210,000 / 335,000 = 0.63

k. Return on equity = net income / total equity = 45,030 / 252,000 = 0.18

4 0
3 years ago
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