Define board director, what are their duties, and contribution to the firm
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3.Define board director, what are their duties, and contribution to the firm
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- Clearly discuss the extent to which the roles and responsibilities of the Chief Executive Officer and the Board can be utilized to enhance optimum performance and profitability of an organization.115) The owners of a publicly traded company are: a) Members of the board of directors b) Bond holders c) stockholders d) A and B e) A and B and C1.1) Differentiate between the different types of partnerships. In your answer:• identify the types of partnership• explain the characteristics of that particular partnership• explain the liability of each of the partners with respect to the type ofpartnership 1.2) Judy is a shareholder in Pat-X Ltd. She believes that she can use the sharecertificate to make a payment. She wants to exchange the certificate for apair of shoes. The last time she checked the shares were valued at a R1000and she figures she could put them to good use. Can she do so? Discuss withreference to the nature of a share certificate.
- Lake Foundry is a small company producing aluminum and copper components for local industries. The company uses traditional methods of manufacture and is managed by Mr. W Shore and his son Mr. A Shore. The ordinary share capital is owned equally by the two men and the company is at present going through a transitional stage, whereby Mr. W Shore is retiring from the business and transferring the majority of his shareholding to his son. The company employs 24 persons and has an annual turnover of $650,000. The accounting records comprise a memorandum (paper based) cash book, nominal ledger, sales and purchase ledgers. At present, sales orders, which are normally received on the telephone, are recorded in a two-part delivery note book only when the order has been produced and is ready for dispatch to the customer. When the goods are delivered, one part of the delivery note is given to the customer and the other part remains in the book. The sales orders are…Final management6) Who is considered to be owner of the company? a. None b. Preference share holders c. Debenture holders d. Equity share holders
- C. Identify the Form of Business Organization being described. (a 1. Form of business organization with unlimited lives and the death or withdrawal of an owner does not affect its existence. 2. The establishment is generally an easy and inexpensive process. _3. The most important characteristic of this form of organization is always limited liability. 4. It involves a contractual agreement between all the partners that set the terms and conditions of their business relationship, including the distribution of ownership, responsibilities, and profits and losses. 5. This form of business organization generally enjoys fewer options to raise capital.Please give provisions the duties and responsibilities of the ff: • manager • ownerThe stockholders' equity section of Brent Corporation's balance sheet as of December 31, 2016 Stockholders' Equity Common stock, $5 par value; authorized, 2,000,000 shares; issued, 400,000 shares $2,000,000 Paid in capital in excess of par $850,000 Retained Earnings $3,000,000 Total $5,850,000 The following events occurred during 2017: 1.) Jan 5 10,000 shares of authorized and unissued common stock were sold for $9 per share. 2.) Jan 16 Declared a cash dividend of 40 cents per share, payable February 15 to stockholders of record on February 5. 3.) Feb 11 40,000 shares of authorized and unissued common stock were sold for $11 per share. 4.)Apr 1 A two-for-one split was…