Which of the following are the duties of the board of directors?
A. Managing and executing the strategy of a company
B. Supervising middle and senior management
C. Hiring and firing staff
D. Evaluating and approving an annual budget
Ans: D. Evaluating and approving an annual budget
You might also like to view...
Swanson Company has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports Gear. Swanson incurs $4,440,000 in fixed costs. The contribution margin ratio for Sporting Goods is 30%, while for Sports Gear it is 50%. The weighted-average contribution margin ratio is
a. 37%. b. 40%. c. 43%. d. 50%.
On January 1, the Tlaquepaque Company was authorized to issue 100,000 shares of $4 par value common stock and 50,000 shares of $25 preferred stock. If Tlaquepaque Company issued 5,000 shares of common stock for $10 per share on January 10, the entry to record the issuance of the stock would include a credit to common stock of:
A. $ 50,000 B. $125,000 C. $ 30,000 D. $ 20,000