The recently appointed CEO of XYZ Inc. uses a luxury summerhouse owned by the company for rest and relaxation with his family as well as a place to invite important clients before a lucrative business deal
XYZ Inc. also provides a membership to an exclusive country club to its CEO. These kinds of benefits offered to CEOs are known as which of the following?
A) discretionary bonuses
B) perquisites
C) golden parachutes
D) clawback provisions
Answer: B
Business
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Five Seasons is a merchandiser of packed foods
The company provides the following information for the year: Sales Revenue $145,000 Cost of Goods Sold 64,000 Operating Expenses 67,000 Net Income 14,000 Number of Units Sold 29,000 How much was the unit cost per item of product sold? (Round your answer to the nearest cent.) A) $4.52 B) $5.00 C) $2.21 D) $100.48
Business
A broker has a 31-day grace period to complete CE requirements and pay the renewal fee.
a. true b. false
Business