answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lorico [155]
1 year ago
13

Changes in board of director configurations over time indicate that currently boards are dominated by outsiders (with over 84 pe

rcent being outside board members). Boards are smaller (with most being smaller than 12 members) and a decrease in the percentage of female directors from 15 percent to 12 percent between 2012 and 2016.
a. True
b. False
Business
1 answer:
skad [1K]1 year ago
8 0

Changes in board of director configurations over time indicate that currently boards are dominated by outsiders (with over 84 percent being outside board members). Boards are smaller (with most being smaller than 12 members) and a decrease in the percentage of female directors from 15 percent to 12 percent between 2012 and 2016.-This statement is true

Explanation:

The statement in the questions highlights the following facts:-

  • 84% of the board members are outsiders.
  • Also the size of the Board has been limited to 12 members.So it means that out of the 12 members 84% of the members are outsiders.
  • Another fact revealed by the statement is that the percentage of female directors has also been reduced.In the year 2012 the percentage of females holding the position of the director was 15% which has been declined to 12% in the year 2016.

So the statement reflects the changes in the board of director configuration from the year 2012 to 2016.

The statement , currently boards are dominated by outsiders indicates that in the year 2016 the board of directors positions is mainly held by the outsiders.

You might be interested in
Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31 bank statement shows an end
Tema [17]

Answer:

<u>Bank Reconciliation Statement </u>

Balance at bank as per Cash Book (Up to date) $67,438

Add Unpresented Cheques                                       $128

Less Lodgements not yet credited                                 0

Balance as per Bank Statement                          $67,566

Explanation:

<em>Step 1 Bring the Cash Book Bank Balance Up to Date as follows :</em>

Debit :

Balance as at March 31                       $68,057

Interest Earned                                           $33

Totals                                                   $68,090

Credit:

Bank Charge- Safety deposit box             $50

Cleared Check                                         $500

Bank Charges - Printed Checks              $102

Bank Balance (Updated)                     $67,438

Totals                                                   $68,090

<em>Step 2 Prepare a Bank Reconciliation Statement </em>

<u>Bank Reconciliation Statement </u>

Balance at bank as per Cash Book (Up to date) $67,438

Add Unpresented Cheques                                       $128

Less Lodgements not yet credited                                 0

Balance as per Bank Statement                          $67,566

4 0
1 year ago
Liza is preparing a memo to her employees that explains the new procedure for asking for time off and switching shifts with anot
ipn [44]

She’s making sure that effective communication is in there as a characteristics of a good communication.  Effective communication skills are a desirable workplace skill.  Communication is the exchange of information. Synchronous communication is a communication that occurs when the sender and receiver are communicating at the same time while asynchronous communication is a communication that occurs when the sender and receiver are separated by time and/or place. 

3 1
1 year ago
Narrative 1: Freshplace Grocery At Freshplace Grocery, customers give their purchases to a sales clerk along with cash. The sale
lions [1.4K]

Answer:

See the attaches file for the DFD

Explanation:

A data flow diagram (DFD) is a graphical representation of the flow of information through a system or an organisation. An information can well be represented using a data flow diagram.

See the attached file for the DFD

7 0
1 year ago
Exercise 9-6 Percent of sales method; write-off LO P3 At year-end (December 31), Chan Company estimates its bad debts as 1% of i
Mama L [17]

Answer:

Explanation:

The journal entries are shown below:

On December 31:

Bad debt expense A/c Dr $4,875          ($487,500 × 1%)

        To Allowance for Doubtful debts A/c $4,875

(Being bad debt expense is recorded)

On February 1:

Allowance for doubtful accounts A/c $580

        To Accounts receivable A/c Dr  $580

(Being the uncollectible amount is recorded)

On June 5:

Accounts receivable A/c Dr  $580

     To Allowance for doubtful accounts A/c $580

(Being allowance for doubtful accounts is recorded)

On June 5:

Cash A/c Dr $580

     To Accounts receivable A/c Dr  $580

(Being the amount received)

We assume the first entry is recorded on December 31

3 0
2 years ago
Slotnick Chemical received $230,000 from customers as deposits on returnable containers during 2018. Ten percent of the containe
sesenic [268]

Answer:

$20,909.09

Explanation:

We have been given that Slotnick Chemical received $230,000 from customers as deposits on returnable containers during 2018. 10% of the containers were not returned. The deposits are based on the container cost marked up 10%.

The price after mark-up would be 100\%+10\%=110\%

To find the profit on the forfeited deposits, we will divide $230,000 times 10% by 110% as:

\text{Profit on the forfeited deposits}=\frac{\$230,000\times 10\%}{110\%}

\text{Profit on the forfeited deposits}=\frac{\$230,000}{11}

\text{Profit on the forfeited deposits}=\$20,909.0909

\text{Profit on the forfeited deposits}\approx \$20,909.09

Therefore, Slotnick realize a profit of $20,909.09 on the forfeited deposits.

7 0
1 year ago
Other questions:
  • 20% of your income is meant for your savings, investments, and payments to reduce debt. What are the potential risks of having a
    10·1 answer
  • Cost-Volume Profit Analysis Recline Company is planning to produce and sell 11,250 units of its only product at a unit price of
    12·1 answer
  • The population of a country Dnalgne is 90 million in 1997 and increasing at a rate of 0.1 million per year. The average annual i
    7·1 answer
  • Harrison, Inc. acquires 100% of the voting stock of Rhine Company on January 1, 2012 for $400,000 cash. A contingent payment of
    9·1 answer
  • Let’s assume that we are about to appraise a house using the cost approach. The home was originally constructed in the early 190
    12·1 answer
  • In 2019, Lou has a salary of $53,300 from her job. She also has interest income of $1,600 and dividend income of $400. Lou is si
    10·1 answer
  • Full-Sole Shoes concludes a counterpurchase agreement with Japan for which it receives some counterpurchase credits. Full-Sole S
    8·1 answer
  • Hugo has been working on his company’s new marketing campaign for the past few weeks. He is now looking at the target market and
    14·1 answer
  • On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: a.
    15·1 answer
  • Which statement best describes a business creating an incentive, or a benefit?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!