Question 2 (2 points) ✓ Saved Economic Order Quantity (EOQ) - 4 marks Annual demand is 150,000 units. Cost to carry one unit in inventory for 1 year is $6 per unit and the transportation (ordering) costs are $100 per shipment. Calculate EOQ. Please show ALL of your work for full marks
Answers
Answer: (EOQ)=2236 units
Explanation:
The Economic Order Quantity (EOQ) formula is:EOQ = sqrt((2DS)/H)Where:
D = Annual demand
S = Cost per order
H = Holding cost per unit per yearGiven:
Annual demand (D) = 150,000 units
Cost per order (S) = $100
Holding cost per unit per year (H) = $6Substituting these values in the EOQ formula, we get:EOQ = sqrt((2 x 150,000 x 100)/6)EOQ = sqrt(5,000,000)EOQ = 2,236.07Therefore, the Economic Order Quantity (EOQ) is approximately 2,236 units.
Related Questions
Q. Which investor type most likely uses a family office to manage their investments?
A. Retail investors
B. Endowment funds
C. Ultra-high-net-worth investors
Answers
Answer:
The best answer would be C. Ultra-high-net-worth investors. Can I get brainliest
Dade Metals manufactures patio furniture. The company budgets overhead cost of $480,000 for the year. It also budgets 24,000 machine hours and 8,000 direct labor hours.
Required:
1. Compute the plantwide overhead rate, assuming the company allocates overhead based on (a) machine hours and (b) direct labor hours.
2. Job 121 uses 160 machine hours and 150 direct labor hours. Allocate overhead to Job 121 assuming overhead is allocated based on machine hours.
3. Job 121 uses 160 machine hours and 150 direct labor hours. Allocate overhead to Job 121 assuming overhead is allocated based on direct labor hours.
Answers
1. The computation of the plantwide overhead rate for Dade Metals is as follows, based on:
a) machine hours = $20 per machine hour ($480,000/24,000).
b) direct labor hours = $60 per direct labor hour ($480,000/8,000).
2. The allocation of overhead to Job 121 using machine hours is as follows:
Job 121 overhead cost = $3,200 ($60 x 160).
3. The allocation of overhead to Job 121 using direct labor hours is as follows:
Job 121 overhead cost = $9,000 ($60 x 150).
What is an overhead allocation basis?An overhead allocation basis is a base that overhead costs are allocated to units of production based on usage or consumption.
Overhead allocation is important in cost accounting to determine the cost of a product.
Data and Calculations:Budgeted overhead for the year = $480,000
Budgeted machine hours = 24,000 MH
Budgeted direct labor hours = 8,000 DLH
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True or False? The placement of a product within a store, or online, can determine the sales performance of that product.
Answers
Product Placement. a form of advertising in which name brand goods are placed in sports & entertainment programs. embedded marketing.
Answer:
true
Explanation:
For each of the following transactions, determine if Raymond Corporation has earned revenue during the month of May and, if so, how much it has earned.
Customers paid Raymond $1,500 for work Raymond will perform in June.
Customers purchased $6,000 of inventory for which they have not yet paid.
Raymond performed work for customers and was paid $3,400 in cash.
Customers paid Raymond $2,300 for inventory purchased in April.
Record the journal entries for number 2 above.
Answers
Answer and Explanation:
As per the question, the journal entry for number 2 is as follows:
Accounts Receivable $6000
To Sales $6,000
(Being revenue earned is recorded)
Here account receivable is debited as it increased the assets and credited the sales as it increased the revenue
Ye the revenue is earned for $6,000
The valuation of the cat food business is based on cash flows of $180,500 per year over a five year period. The target business has the same risk as the firm’s overall operations. The cost of equity is 15 percent and the cost of debt is 3 percent on an after-tax basis. The firm’s capital structure consists of 10 million in equity and 8 million in debt.
What is the most the pet-food manufacturer should pay for acquiring the cat food business per its required return (WACC)?
Answers
Answer: $690,044
Explanation:
First calculate WACC.
Total capital = 10 + 8 = $18 million
WACC = (Weight of debt * after-tax cost of debt) + (weight of equity * cost of equity)
= (8/18 * 3%) + (10/18 * 15%)
= 9.67%
Using the WACC, find the present value of the cashflows for the next 5 years. This will be an annuity.
= 180,500 * (1 - (1 + r) ^-n)/r
= 180,500 * ( 1 - ( 1 + 9.67%) ^ -5)/9.67%
= $690,044.67
= $690,044
They should pay no more than this present value.
Human resources managers focus on which three of the following?
Maximizing the efficiency of logistic chains
Recruiting, hiring, training, retaining, compensating, appraising, promoting, reassigning, and firing employees
Scanning the environment to determine future HR needs
Managing employee grievances, absences, sick days, and paid-time-off days
Answers
Human resources managers focus on which three of the following are-
Recruiting, hiring, training, retaining, compensating, appraising, promoting, reassigning, and firing employees.Scanning the environment to determine future HR needs.Managing employee grievances, absences, sick days, and paid-time-off days.The department of a company tasked with discovering, selecting, hiring, and training job applicants is known as human resources (HR). HR is also in charge of managing employee benefits. A human resources department also manages employee terminations and compensation and benefits. Talent management, pay and benefits for employees, training and development, compliance, and workplace safety are the five key responsibilities of human resources.
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Following is the balance sheet of Baird company for year 3
Answers
Following Is the balance sheet of Baird Company for Year 3: BAIRD COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accurmulated depreciation $ 14,550 7,940 12,620 16,900 165,000 (12,100) $198,910 Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Convnon stock $ 8,570 3,200 4,950 22,020 113,800 46,370 Retained earnings Total liabilities and stockholders' equity $198,910 The average number of common stock shares outstanding during Year 3 was 890 shares.
Given the fragmented nature of the U.S. economy and the freedom given to private interests, which sector can be trusted more fully to advance policies that create economic growth
Answers
Capitalism has traditionally dominated society in the United States. It is described as an economic system in which private individuals or companies, as opposed to the government, own and manage the four main production factors: labor, capital commodities, and natural resources.
Personal choice, voluntary exchange, the ability to participate in markets, and the protection of people and their property are essential components of economic freedom. The protection of people and their property while allowing for voluntary exchange are characteristics of institutions and policies that are consistent with economic freedom. Capitalism is frequently viewed as an economic system in which private actors own.
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To help audiences understand large amounts of information, which visuals are the most suitable?
Answers
different between isoquant and isocost
The McGee Corporation finds it is necessary to determine its marginal cost of capital. McGee’s current capital structure calls for 45 percent debt, 10 percent preferred stock, and 45 percent common equity. Initially, common equity will be in the form of retained earnings (Ke) and then new common stock (Kn). The costs of the various sources of financing are as follows: debt (after-tax), 5.0 percent; preferred stock, 6.0 percent; retained earnings, 11.0 percent; and new common stock, 12.4 percent.
Answers
The marginal cost of capital for McGee Corporation is 9.96%.
The marginal cost of capital (MCC) is the weighted average cost of the different sources of financing used by a company. To calculate the MCC, we need to determine the cost of each source of financing and its respective weight in the capital structure.
Given information:
Debt (after-tax) cost = 5.0%
Preferred stock cost = 6.0%
Retained earnings cost = 11.0%
New common stock cost = 12.4%
Capital structure weights:
Debt weight = 45%
Preferred stock weight = 10%
Common equity weight = 45%
To calculate the MCC, we multiply the cost of each source of financing by its respective weight and sum them up:
MCC = (Debt weight * Debt cost) + (Preferred stock weight * Preferred stock cost) + (Common equity weight * Retained earnings cost)
MCC = (0.45 * 0.05) + (0.10 * 0.06) + (0.45 * 0.11)
= 0.0225 + 0.006 + 0.0495
= 0.078
However, the common equity portion will also include new common stock (Kn) in addition to retained earnings. To account for this, we need to calculate the cost of new common stock (Kn) based on its cost and weight:
New common stock cost = 12.4%
New common stock weight = Common equity weight - Retained earnings weight
= 0.45 - Retained earnings weight
We don't have the information about the retained earnings weight, so we can't calculate the exact MCC. However, we can make an assumption that the retained earnings weight is equal to the common equity weight, which gives us:
New common stock weight = 0.45 - 0.45
= 0
In this case, the MCC would be:
MCC = (0.45 * 0.05) + (0.10 * 0.06) + (0.45 * 0.11) + (0 * 0.124)
= 0.0225 + 0.006 + 0.0495 + 0
= 0.078
Therefore, the marginal cost of capital for McGee Corporation is 9.96% (rounded to two decimal places).
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Which of the following would cause consumers to demand fewer slices of pizza?
A. an increase in the supply of pizza slices
B. a decrease in the supply of tacos
C. an increase in the price of pizza slices
Answers
Answer:
C.
Explanation:
All the others make the supply of pizza larger, or high demand
Wally's Party Warehouse provides wholesale party equipment and materials to Party Shops. In 2019, Wally's Party sold 30 bounce houses at $30,000 each. The bounce houses carry a 3-year warranty for defects. Wally estimates that repair costs will average 2% of the total selling price. The estimated warranty liability at the beginning of the year was $26,000. Claims of $19,000 were actually incurred during the year to honor warranties.
What was the balance in the Warranty Liability account at the end of the year?
Answers
Answer:
he is probably a b!tsh for wasting money and I hope he is poor now
Explanation:
ACTIVITY 11 You have been asked to address a group of young people who will be travelling overseas. They will all need to give a short presentation to people in the countries where they are going. What advice would you give them about making such presentations? Explain fully.
Answers
Giving presentations is a skill that is useful in almost every profession. For young people traveling overseas, making presentations can be a daunting task.
Therefore, while addressing a group of young people who will be traveling overseas and who will need to give short presentations to people in the countries where they are going, the following advice can be helpful:
Be Prepared: It is important to be well-prepared before making a presentation. Therefore, one should always carry an extra copy of the presentation and practice it before presenting it to an audience. Additionally, one should ensure that all the equipment required for the presentation, such as projectors and laptops, are in good working condition. One should also make sure that the internet connection is working well to avoid any technical hitches that may interrupt the presentation.
Research the Culture: The young people traveling overseas should do their research on the countries they will be visiting, and their cultures. They should be aware of the cultural practices of the people they will be presenting to so that they can adapt their presentation to suit the audience's culture. For instance, if presenting to a culture that values eye contact, then one should maintain eye contact while speaking during the presentation.
Dress Code: It is important to be mindful of the dress code when making a presentation in a foreign country. Young people traveling overseas should find out about the dress code in the country they will be visiting, and they should dress appropriately. Wearing the appropriate clothing sends a message that one has respect for the culture and traditions of the country they are visiting. Therefore, one should avoid wearing clothing that may be considered offensive or inappropriate.
Flexibility: Young people traveling overseas should be flexible with their presentations. They should be prepared to adjust their presentations depending on the audience's response. If the audience does not respond well to a particular point in the presentation, then one should be prepared to move on to the next point or adjust the presentation accordingly. Being flexible during a presentation shows that one is sensitive to the needs of the audience and is willing to adapt to meet their needs.
In conclusion, making presentations in a foreign country can be challenging. However, with proper preparation and research, young people traveling overseas can make successful presentations.
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Seniority is a key issue for Unions and applies to many articles in a Collective Agreement (e.g. vacation preference, job security, promotions, wage progression).
Therefore, what should Unions be doing to encourage "youth membership" or is that a lost cause?
Answers
Actions that Unions most take to encourage "youth membership" in the Labor unions are:
encouragement of youthssocial sensitization of the unionsspecial structure for youths etcWhat is Seniority in Union?An Union seniority refers to the length of time that a particular worker has been a union member working in a union job.
Most time, the Labor unions have a seniority systems in place that give a variety of special benefits to members based upon seniority, hence, the seniority systems can increase worker loyalty to their jobs.
All these above factors contributes to the decline of youth membership in the labor union because the youth have less to gain from the memberships.
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Each state can set its own minimum hourly wage. true or false
Answers
PLEASE HELP ME! TIME SENSITIVE!!!
What is one reason that organizations use style guides?
A.
to help writers write more original content
B.
to shorten the time reviewers spend on documents
C.
to encourage creativity in the writing process
D.
to increase sales of product documentation
Answers
Question:
What is one reason that organizations use style guides?
Answer:
C. to encourage creativity in the writing process
Explanation:
The purpose of organizations using style guides will be to make sure that multiple contributors create clearly and cohesively that reflect the corporate style and ensures brand consistency with everything from design to writing. From "multiple contributors create clearly and cohesively" I believe that it will include creativity.
The price of Good B increases by 4%, causing the quantity demanded of Good A to decrease by 6%. The cross-price elasticity of demand is ________, and the goods are ________.
Answers
Answer:
The answer is -1.5 and complementary goods
Explanation:
Cross price elasticity is the percentage decrease in quantity demanded divided percentage increase in price.
= -6/4
= - 1.5.
Because the sign is negative, the goods are complements. Complementary goods are directly related. As in they move in the same direction.
For example, car and fuel are complements. The increase in quantity demanded for car will increase the quantity demanded for fuel. Or if the price of car goes up, all things being equal, the quantity demanded of car will reduce and for fuel too.
How would implementing the cost-volume-profit analysis benefit a company? As a manager, which income statement format do you find more useful - the traditional financial accounting method or the contribution margin method? Why?
Answers
It provides insights into the relationship between sales volume, costs, and profitability, helping managers make informed decisions about pricing, production levels, and cost management.
CVP analysis allows managers to determine the breakeven point, the level of sales needed to cover all costs, and to assess the impact of changes in sales volume, costs, or prices on the company's profitability. This analysis can guide strategic planning, budgeting, and resource allocation.
As a manager, I find the contribution margin method of income statement format more useful than the traditional financial accounting method. The contribution margin method separates costs into fixed and variable components, allowing for a clearer understanding of how changes in sales volume affect profitability.
It highlights the contribution margin ratio, which indicates the proportion of each sales dollar available to cover fixed costs and contribute to profits.
This format enables managers to analyze cost behavior, identify cost-saving opportunities, and evaluate the financial impact of different sales scenarios. It provides a more focused view of the underlying profitability drivers and aids in decision-making related to pricing, product mix, and cost control.
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Match each type of insurance with an example of when the insurance
company would make a payment.
Renter's
insurance
?.
You cause an accident
that damages someone
else's car.
Liability coverage
?
You have to take a month
off from work because of
a broken leg.
Health insurance
2
Your stereo and computer
are stolen from your
apartment
Disability
insurance
?
You go to the emergency
room after a car accident.
Answers
Answer:
See below
Explanation:
Renter's insurance
Your stereo and computer are stolen from your apartment. Renters insurance provides coverage for policyholder's properties other than their dwelling place.
Liability coverage
You cause an accident that damages someone else's car. It protects against claims arising from damages to other people or their properties.
Health insurance
You go to the emergency room after a car accident. Offers insurance coverage for medical bills incurred by the policyholder or their dependents.
Disability Insurance
You have to take a month off from work because of a broken leg. Provides protection against loss of income as a result of serious bodily injuries to the policyholder.
The purchaser of a franchise is called the?
Answers
Answer:
the franchisor?
Explanation:
How does a racial caste system and mass incarceration affect the eligibility for black and brown American citizen rights, including financial assistance programs?
Answers
Many Americans believed that discrimination in housing, education, employment, and voting rights had been eliminated by the civil rights laws of the 1960s, yet it is currently entirely permissible to do so against anyone who is classified as a "felon."
What is the situation of black and brown American citizen rights?
Today, there are more African Americans in prison or jail, on probation, or on parole than there were when they were slaves in 1850.
Racial discrimination is still as prevalent today as it was during slavery or the post-slavery era of Jim Crow segregation because many more individuals of color than whites are rendered felons by the entire system of mass imprisonment. The thesis of a book that inspired a fresh social movement is as follows: The New Jim Crow: Mass Incarceration in the Age of Colorblindness by Michelle Alexander.
With the adoption of the Civil Rights Act of 1964 and the Voting Rights Act of 1965, the fierce Civil Rights movements of the 1950s and 1960s appeared to put an end to the Jim Crow era. But as the book shows, the racial caste structure still exists; it has just been reorganized. Alexander discusses how the "War on Drugs" targets black men as part of the criminal justice system's new racial control scheme.
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Why do you want become entrepreneur
Answers
Answer:
It earn a living.
Explanation:
hope that will help you
The fractional reserve system of banking started when goldsmiths began: Select one: a. Accepting deposits of gold for safe storage b. Charging people who deposited their gold c. Using deposited gold to produce products for sale to others d. Issuing paper receipts in excess of the amount of gold held
Answers
Answer:
d. Issuing paper receipts in excess of the amount of gold held.
Explanation:
Fractional-reserve banking is practiced by all commercial banks. Such banks involve banks that accept deposits from various customers and make loans to other borrowers while keeping an amount in reserve that is equal to a part of the deposit liabilities of the bank.
The fractional reserve system of banking started when goldsmiths began issuing paper receipts in excess of the amount of gold held.
Option d. is correct.
The manager of the Quick Stop Corner Convenience Store (which never closes) sells four cases of Stein beer each day. Order costs are $8.00 per order, and Stein beer costs $3.20 per case. Orders arrive three days from the time they are placed. Daily holding costs are equal to 5 percent of the cost of the beer. What is the economic order quantity for Stein beer?
Answers
Answer:
20 Cases
Explanation:
Economic order quantity which is also known as (EOQ) can be defined as the order quantity a company or an organisation should tend to purchase or buy in order to minimize their inventory costs.
Example of this inventory costs are:
Holding costs
Shortage costs
Order costs.
Calculation for the economic order quantity for Stein beer will be:
Numbers of cases × Numbers of days
4 cases× 5 days
= 20 cases
Therefore the economic order quantity for Stein beer will be: 20 cases every five days because the Orders often arrived three days from the time they are placed.
Imagine yourself as a relationship management associate within Garage. You are tasked with
obtaining the following targets in 1 month.
● Building relationships with 250 spare part sellers on platform in 2 weeks
● Selling 500,000GHC of parts through part sellers
Details on each target are below
● Building relationships with 250 spare part sellers on platform in 2 weeks: Garage
partners with part sellers for data collection and part sales. As a relationship
management associate, you’re charged with convincing 250 spare part sellers to partner
with Garage as a parts supplier while creating a system to collect sales data from them.
In your write up, talk about where you will go to find these 250 spare part sellers? what
will your pitch to them be? How would you incentivize them to partner with us? How
would you determine which parts to sell through them? What promotions and incentive
programs will you run (Assume you are able to get parts at wholesale prices)
● Selling 500,000GHC of parts through part sellers: Given your approaches for onboarding
250 spare parts sellers, describe how you would ensure this cohort of mechanic shops
and part sellers can sell 500,000GHC worth of parts in a month?
In your written response, be as detailed as possible in describing your strategy and
approach to each of these targets including the specific steps, resources etc. that you
will leverage. Use examples and your own assumptions where necessary.
Answers
To achieve targets, Garage's relationship management associate will find spare part sellers, incentivize them with benefits and promotions, and provide support to ensure sales success.
As a relationship management associate within Garage, achieving the targets of building relationships with 250 spare part sellers on the platform in 2 weeks and selling 500,000GHC worth of parts through part sellers requires a strategic approach. Here's a detailed plan to accomplish these goals:1. Finding Spare Part Sellers: To identify 250 spare part sellers, I will utilize various resources such as online directories, industry associations, and trade shows to identify potential sellers. I will also leverage social media platforms and online forums where spare part sellers gather. Additionally, Garage can collaborate with existing sellers to recommend other reliable sellers.2. Pitch and Incentives: To convince spare part sellers to partner with Garage, my pitch would focus on the benefits they can gain, including access to a larger customer base, improved visibility, and increased sales. Incentives could include offering competitive wholesale prices, attractive payment terms, exclusive promotional offers, and marketing support such as featuring their products on Garage's platform.3. Determining Parts to Sell: To determine which parts to sell through the sellers, I would analyze market demand and trends, conduct surveys and collect feedback from mechanics and customers, and track sales data. This information will help identify popular parts with high demand and optimize inventory management.4. Promotions and Incentive Programs: To drive sales, I would introduce promotions such as discounts on bulk purchases, seasonal offers, loyalty programs, and rewards for achieving sales targets. Incentives like commission-based schemes or bonus structures for sellers who exceed sales targets can motivate them to actively promote and sell Garage's parts.5. Ensuring Sales Targets: To ensure that the cohort of mechanic shops and part sellers can achieve the sales target of 500,000 GHC in a month, I would provide them with sales training and marketing materials to enhance their selling skills. Regular communication and feedback sessions would be conducted to address any challenges they face and provide support where needed. Additionally, analyzing sales data and monitoring progress will help identify underperforming areas and allow for timely adjustments to meet the target.By implementing these strategies and actively supporting the spare part sellers, Garage can establish strong relationships, increase sales volume, and achieve the desired targets in a month.For more questions on promotions
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Nicole works from home full-time for a non-profit organization. She receives work from and sends work to the office via a computer and modem. This is an example of _____. Group of answer choices flextime outsourcing telecommuting job sharing
Answers
Answer:
telecommuting
Explanation:
Telecommuting is also generally referred to as teleworking and it can be defined as an act which typically involves the process of completing a job function, tasks or work assignments through the use of the internet and in a location other than the office itself.
In this scenario, Nicole works from home full-time for a non-profit organization. She receives work from and sends work to the office via a computer and modem. Thus, this is an example of telecommuting.
Company: Apple Inc.
Questions:
1. Provide a brief history of the company.
2. What is the company’s mission statement? What are the company’s goals?
3. What is the company’s general environment? What is the company’s task environment? What is the company’s internal environment?
4. How does the company handle corporate social responsibility?
5. Complete a SWOT Analysis for the company.
6. What is the company’s generic strategy (Cost Leadership, Differentiation, Focus)? Does the product life cycle strategy pertain to them? If so, give an example.
7. What is the company’s perspective on diversification (Single-Product, Related, or Unrelated) of their business? If applicable, complete a BCG Matrix for the company.
8. What are some examples of programmed decisions the company makes? What are some examples of non-programmed decisions the company makes?
9. What is the organization’s structure (basic form of an organization)? Do they utilize job specialization, enlargement, or enrichment? If so, how?
10. How do they handle HR issues, such as employee compensation, hiring, etc.?
PLEASE ANSWER FULLY AND PROVIDE THE SOURCES OF WHERE YOU GOT THE INFO FROM IN MLA OR APA FORMAT
Answers
Steve Jobs, Steve Wozniak, and Ronald Wayne established Apple Inc. in Cupertino, California on April 1, 1976. The corporation initially concentrated on producing personal computers, such as the Apple II and the Macintosh.
What are low entry barriers and competitiveness?Examples of low entry barriers include the necessity to have customers convert to a new brand without a lot of work or pain. Another example is the need to build a brand in a small market with little competition.
Why are entrance barriers so low?High exit barriers make markets unstable and incapable of self-regulation, which causes significant long-term fluctuations in profit margins. Because these markets are self-regulatory and stable, profit margins do not change much over time.
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Which of the following is true regarding the board of directors of a corporation?
A. Corporate directors have an absolute right of inspection to access the corporation's books and records, facilities, and premises, as well as any other information affecting the operation of the corporation.
B. Corporate directors have an absolute right of inspection to access the corporation's books and records, but not facilities and premises.
C. Corporate directors do not have an absolute right of inspection to the corporation's books and records, or the facilities and premises.
D. Corporate directors have an absolute right of inspection to access the corporation's books and records, facilities, and premises, as well as other information only if the shareholders vote by majority vote to allow such access.
E. The articles of incorporation may limit the right of the board of directors to inspect the corporation's books and records, and facilities and premises, as well as other information.
Answers
The true statement about the board of directors of a corporation is that the corporate directors have an absolute right of inspection to access the corporation's books and records, facilities, and premises, as well as other information only if the shareholders vote by majority vote to allow such access. The Option D is correct.
What Is Board of Directors (B of D)?In an organization, the board of directors are the governing body of a company, elected by shareholders in the case of public companies to set strategy and oversee management. They meets at regular intervals. Every public company have a board of directors but some private companies and nonprofit organizations also a board of directors.
Generally, the board of director makes decisions as a fiduciary on behalf of the company and its shareholders. Some issues that fall under board's purview include the hiring and firing of senior executives and their compensation, dividends, major investments, and mergers and acquisitions.
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Identify each of the following as relating to the control environment, control procedures, or information and communication:
a. Organizational structure
b. Report of company's conformity with environmental laws and regulations
c. Proofs and security measures
Answers
Answer and Explanation:
a. Organizational structure = Control environment
Top management always keep organizational structure Therefore, it is a part of the environment of control.
b. Report of company's conformity with environmental laws and regulations = Information and communication
Company's compliance reports are confidential accounting information.
c. Proofs and security measures = Control procedures
Proofing and monitoring controls ensure company is achieving its target.
Long-range planning:_________a. Is prepared on a quarterly basis if the budget is prepared on a quarterly basisb. Generally presents more detailed information than an annual budgetc. Generally encompasses a longer period of time than an annual budgetd. Is usually more accurate than an annual budget
Answers
Answer:
c. Generally encompasses a longer period of time than an annual budget
Explanation:
Long range planning can be regarded as a process that is use in creating vision in preparation for the future time which is Usually at range of five years to ten years., After creating the vision, documentation of the plans follows, then adoption of a strategic plans so that success can be recorded. This long range planning is usually engaged by a conservation district. It should be noted that Long-range planning Generally encompasses a longer period of time than an annual budget