Answer:
12.24% Interest a year
Explanation:
You can write this as an equation,
500 * x^6 = 1000
then you rearrange to find x which would be 1.1224 then multiply by 100 to get the percentage
which is 12.24%
Answer:
C) the inflation rate.
Explanation:
This article is refers to the currency exchange rate between the US dollar, the Japanese yen, and the euro.
Since the US dollar depreciated against the Japanese yen ($1 buys less yens), the price of imported cars increased. Since the US dollar lost value, American exports were cheaper, so they would naturally increase since they would be more attractive to foreign buyers. In the last part it also mentioned the euro and the similarities with the yen.
The balance in Johnny Deng, Incorporated's treasury stock account as of December 31, 2024, is $240,000.
1. Initially, 200,000 shares were issued for $1,000,000.
2. In 2023, 20,000 shares were repurchased for $200,000, resulting in a treasury stock balance of $200,000.
3. In 2024, 10,000 of the repurchased shares were resold for $160,000.
4. To calculate the remaining treasury stock balance, subtract the resold shares' value from the initial treasury stock balance: $200,000 - $160,000 = $40,000.
5. Since the company initially repurchased 20,000 shares and resold 10,000 of them, there are still 10,000 shares in the treasury.
6. The balance in the treasury stock account is the value of these remaining 10,000 shares plus the $40,000 difference: 10,000 shares x $20/share (initial repurchase price) = $200,000; $200,000 + $40,000 = $240,000.
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Answer:
Duty of care and oversight
Explanation:
Though the liability due to carelessness is waived off but the directors are liable for duty of care and duty of oversight of companies issues and they must act in the best interest of shareholders. This carelessness will result in heavy fines which the shareholders will have to bear. So the director is liable for his misconduct.
Answer:
Duty of obedience
Explanation:
The fiduciary duties of the board of directors include the duty of care (which was eliminated by the company), but it also includes the duty of loyalty and obedience to the corporation.
The duty of obedience means that board members must make sure that the corporation follows all applicable laws and regulations. If they are ignoring warnings and citations, the corporation is obviously not following all the laws and regulations.