Discuss several actions that can have a positive influence on board of director dynamics as the board works to both oversee and advise management.
What will be an ideal response?
The actions include: (1) building the right expertise on the board; (2) keeping the board size manageable; (3) choosing directors who can participate fully; (4) balancing the need to focus on the past, the present, and the future; (5) considering management talent development; (6) getting a broad view; and (7) maintaining norms of transparency and trust.
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Indicate whether the statement is true or false
The expected life, estimated cash flow and investment cost are the three methods used in the evaluation of capital investment proposals
Indicate whether the statement is true or false
Assume that the forecasted cost of goods sold is $800,000, budgeted selling and administrative expenses are $320,000, planned capital expenditures are $320,000, and the tax rate is 40 percent. What is the forecasted net income if 15,000 units are expected to be sold at $150 per unit?
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a. $ 50,000 b. $ 120,000 c. $ 25,000 d. $ 32,000