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REY [17]
3 years ago
5

The board of directors of a corporation: multiple choice may not also be executive officers of the corporation, due to the separ

ate entity principle. do not have the power to bind the corporation to contracts, due to lack of mutual agency. are responsible for day-to-day operations of the business. are responsible for and have final authority for managing corporate activities. are elected by the corporate registrar.
Business
1 answer:
Galina-37 [17]3 years ago
8 0

The board of directors take all the decisions of the corporation and are responsible for them. Thus, the correct option is -

are responsible for and have final authority for managing corporate activities.

They have the final authority to carry out the managing activities functions.

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What is the normal journal entry when writing-off an account as uncollectible under the allowance method?.
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The journal entry when writing off an account as uncollectible under the allowance method is:

Allowance for Doubtful Debts     ( Dr.)              xxxxx

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The allowance technique involves putting aside a reserve for terrible debts that are expected in the future. The reserve is based on a percent of the income generated in a reporting length, possibly adjusted for the danger associated with positive clients.

The allowance technique is used to determine how an awful lot of money a commercial enterprise needs to set apart for future awful or unrecoverable customer debt. It factors in the price of the losses an organization expects from extending patron credit.

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5 0
2 years ago
A(n) ________ group is created to do something productive for the organization and is headed by a leader. for example, this grou
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3 years ago
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8 0
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Answer:

Inflow of innovation

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Negacho introduced its new flavoured chips and received positive response. This shows that the market is open to adopting new innovative products

This is what prompted Brex Mex to introduce their own flavored potato chips.

Basically the market is favorable to introduction of new ideas and products.

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3 years ago
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