The given statement, "The board of directors oversees and ratifies strategic decisions and evaluates, rewards, and, if necessary, penalizes top managers" is true
<u>Explanation:
</u>
A board of directors is a team of experts elected by stockholders of a company to serve the interest of the stockholders and ensure that the company management behaves on their behalf. The Chairperson or Chairman of the Board is the head of the Board of Directors.
The board of directors supervises and ratifies strategic decisions as intermediaries between the owners and managers and reviews, awards and, if required, punishes top management.
These includes the following,
- Composition
- Leadership structure
- Interlocks
The Board decides on the employment and recruitment of employees, share price measures, payments, and employee compensation.
Answer:
c. Stressed polar bears exhibit obsessive patterns of behavior.
Explanation:
- If a polar bear is bred in captivity they show an obsessive pattern of behavior.
- Such as the passing of the back and forths on the same spot and swimming on their heads from side to side.
- And also use their paws to repeatedly strike their heads as a sign of stress. This shows that they don't do well in captivity.
Answer:
(D) $4,055
Explanation:
To find the adjusted book balance, we need the ending balance of the cash book:
Book balance $4,725
Less: bank service charges (25)
Less: EFT (380)
Less: NSF check returned by bank (265)
<em>Adjusted book balance</em> <u>$4,055</u>
Since bank service had been deducted from the bank, Maxis clothing had to deduct the same amount. When bank deducts any money, generally it notifies through text message or sometimes does not notify directly. Therefore, It had to be deducted from the cash book.
Maxi's accounts receivable paid him a check and the firm immediately added the amount to the cash book. When the accountant went for depositing the check, there were not sufficient fund (NSF). Therefore, the amount did not add to the bank balance. Hence, the firm had to deduct it again.
Through Electronic Fund Transfer (EFT), a payment had been made by the bank for Maxi clothing. Since the expense did not deduct from the cash book, the amount had to deduct it to get the adjusted book value.
Answer:
the interest rate that should be determined the capitalized interest is 8.57%
Explanation:
The computation of the interest rate that should be determined the capitalized interest is shown below;
= $6,000,000 ÷ ($6,000,000 + $8,000,000) × 0.08 + $8,000,000 ÷ ($6,000,000 + $8,000,000) × 0.09
= 0.0857
= 8.57%
Hence, the interest rate that should be determined the capitalized interest is 8.57%
The same would be considered
