Business, 01.12.2021 01:00 Legrand4423
Marge also serves as an outside director on the board of directors of Cellular Information Systems (CIS). CIS has five members on its board and approximately 500 shareholders. During a special meeting of directors of CIS, all five directors present voted to declare a $100,000 cash dividend. However, three of the directors learned through their position as CIS officers that CIS had just lost a customer who was its chief source of revenue. This information was not disclosed at the meeting, although all the other board members asked numerous questions about the financial situation of the company. Discuss the legal basis, if any, on whether each of the CIS directors can be held personally liable for approving the dividend.
Answers: 3
Business, 21.06.2019 19:20
You manage an equity fund with an expected risk premium of 10% and a standard deviation of 14%. the rate on treasury bills is 6%. your client chooses to invest $60,000 of her portfolio in your equity fund and $40,000 in a t-bill money market fund. what is the expected return and standard deviation of return on your client’s portfolio?
Answers: 1
Business, 22.06.2019 08:30
Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance
Answers: 3
Business, 22.06.2019 17:20
“strategy, plans, and budgets are unrelated to one another.” do you agree? explain. explain how the manager’s choice of the type of responsibility center (cost, revenue, profit, or investment) affects the behavior of other employees.
Answers: 3
Marge also serves as an outside director on the board of directors of Cellular Information Systems (...
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