Answer: The Income Tax payable or refundable for the income year 2022 is -$40,400.
In the computation of Income Tax payable for the income year 2022, first, we should calculate the annual income by adding all the sources of income, which are:1. John Paul's primary source of employment, China Electricals - $350,0002. John Paul's secondary source of employment, Japan Auto Parts and Garnishing - $100,0003. Interest received on fixed deposit account at
HFC Bank - ($200,000 x 5%) = $10,000
Therefore, John Paul's total income for the income year 2022 is:
$350,000 + $100,000 + $10,000 = $460,000
Next, we can calculate the FNPF contribution which is contributed only by John Paul's primary employer, China Electricals. It is 14% of John Paul's primary employment income, which is:
$350,000 x 14% = $49,000
The taxable income can now be computed by subtracting the FNPF contribution from the total income. This gives:
$460,000 - $49,000 = $411,000
The tax rate applicable for this amount is 20% for taxable income exceeding $270,000 but not exceeding $540,000. Hence, we have to apply this tax rate to the amount exceeding $270,000. Therefore, the amount on which tax is calculated is:
$411,000 - $270,000 = $141,000
The tax payable on this amount is 20% of $141,000, which is: $28,200 We also need to consider the tax already deducted by John Paul's employers. China Electricals has deducted a tax of $63,600 while Japan Auto Parts and Garnishing deducted $5,000 at source. Hence, the total tax deducted at source is:
$63,600 + $5,000 = $68,600
The final Income Tax payable or refundable for the income year 2022 is:
$28,200 - $68,600 = -$40,400
This means that John Paul has paid more tax than what is due, and hence he is eligible for a tax refund of $40,400.
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Bob’s employer covers 23% of his family’s annual health insurance premium. the balance of the premium is deducted in equal amounts from bob’s paycheck 26 times over the calendar year. if $185.30 is withheld from each of bob’s paychecks, what is his family’s annual health insurance premium? a. $805.65 b. $4,817.80 c. $6,256.88 d. $20,946.96
The family's annual health insurance premium is: Total premium = $6,256.88
Let's first calculate how much is being deducted from Bob's paycheck each year:
26 paychecks/year * $185.30/paycheck = $4,817.80/year
We know that Bob's employer covers 23% of his family's annual health insurance premium, so we can set up an equation to solve for the total premium:
Total premium * 0.23 = employer contribution
Total premium = employer contribution / 0.23
We don't know the employer's contribution yet, but we can use the fact that Bob's paycheck deductions add up to the total premium to find it:
Employer contribution + Bob's paycheck deductions = Total premium
Employer contribution = Total premium - Bob's paycheck deductions
Employer contribution = Total premium - $4,817.80
Now we can substitute this expression for the employer contribution into the equation we set up earlier and solve for the total premium:
Total premium * 0.23 = (Total premium - $4,817.80)
0.23Total premium = Total premium - $4,817.80
0.77Total premium = $4,817.80
Total premium = $4,817.80 / 0.77
So the answer is (c) $6,256.88.
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Caren's Canoes is considering relaxing its credit standards to encourage more sales. As a result, sales are expected to increase 15 percent from 300 canoes per year to 345 canoes per year. The average collection period is expected to increase to 40 days from 30 days and bad debts are expected to double the current 1 percent level. The price per canoe is $850, the variable cost per canoe is $650 and the average cost per unit at the 300 unit level is $700. The firm's required return on investment is 20 percent. (Assume a 360minusday year) What is the net result of implementing the proposed plan?
Net Result = $38,250 - $29,250 - $3,315 - $4,183.33 - (0.20 * $210,000)
Simplifying the calculation, we get the net result of implementing the proposed plan.
To analyze the net result of implementing the proposed plan, we need to calculate the changes in sales revenue, variable costs, bad debts, and collection costs.
Sales Revenue:
The initial sales revenue is calculated as follows:
300 canoes * $850 per canoe = $255,000
After implementing the plan, the new sales revenue is:
345 canoes * $850 per canoe = $293,250
The change in sales revenue is $293,250 - $255,000 = $38,250.
Variable Costs:
The initial variable costs are calculated as follows:
300 canoes * $650 per canoe = $195,000
After implementing the plan, the new variable costs are:
345 canoes * $650 per canoe = $224,250
The change in variable costs is $224,250 - $195,000 = $29,250.
Bad Debts:
The initial bad debts are 1% of the initial sales revenue:
1% * $255,000 = $2,550
After implementing the plan, the new bad debts are double the initial level:
2% * $293,250 = $5,865
The change in bad debts is $5,865 - $2,550 = $3,315.
Collection Costs:
The initial average collection period is 30 days, and the new average collection period is 40 days. To calculate the change in collection costs, we need to determine the additional cost incurred due to the extended collection period.
The initial average daily sales are $255,000 / 360 days = $708.33 per day.
The new average daily sales are $293,250 / 360 days = $814.58 per day.
The additional cost per day due to the extended collection period is:
($814.58 - $708.33) * 40 days = $4,183.33
The change in collection costs is $4,183.33.
Required Return on Investment:
The required return on investment is 20%.
Now, let's calculate the net result:
Net Result = Change in Sales Revenue - Change in Variable Costs - Change in Bad Debts - Change in Collection Costs - (Required Return on Investment * Initial Investment)
The initial investment is the average cost per unit at the 300 unit level:
300 canoes * $700 per canoe = $210,000
Net Result = $38,250 - $29,250 - $3,315 - $4,183.33 - (0.20 * $210,000)
Simplifying the calculation, we get the net result of implementing the proposed plan.
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Sixteen-year-old Travis Mitchell brought his Pontiac GTO into M&M Precision Body and Paint for body work and a paint job. M&M did the work and charged $1,900, which Travis paid. When, Travis later complained about the quality of the work, M&M did some touching up, but Travis was still dissatisfied. He demanded his $1,900 back, but M&M refused to refund it since all of the work was "in" the car and Travis could not return it to the shop. The state of Nebraska, where this occurred, follows the majority rule on this issue. Does Travis get his money? Is this a fair result?
Answer:
Since Travis is a minor, he is able to disaffirm a contract. Minors are not allowed to sign contracts except those that include basic necessities like food or shelter. This is not the case here since painting a car is not considered a basic necessity. As long as Travis disaffirms the contract while being a minor, the other party cannot do anything about it. This applies even if Travis cannot make any type of restitution since he cannot return the paint job.
. A quadratic polynomial whose one zero is 6 and the sum of the zeroes is 0, is x*2-6
True
False
pls tell fast
Answer:
False
Explanation:
From the question, we can see that a quadratic polynomial is made up of two elements or variables called zeros in this question
From the question, we are told that one variable (zero) = 6
The second variable (zero) = unknown , therefore we can represent the second variable as Y
We are told that the sum of the variables = 0
This means:
6 + Y = 0
Therefore, Y = 0 - 6
Y = -6.
The second variable ( zero) = - 6
Since it is a quadratic polynomial,
The roots of the polynomials are the variables 6 and -6
Hence, we have:
(x + 6) (x - 6) = 0
Expanding the brackets
x² - 6x + 6x - 36 = 0
= x² - 36 = 0
Therefore, a quadratic polynomial whose one zero is 6 and sum of the zero is 0 is x² - 36 = 0
This means the statement made in the question above "A quadratic polynomial whose one zero is 6 and sum of the zero is 0 is x²-6" is false
Predatory lenders get their negative reputation from . . .
a. Discreetly selling personal bank information
b. Limiting the amount of time a borrower has to use a loan
c. Taking advantage of people during the Great Depression
d. Charging high fees for loans and targeting desperate people
Predatory lenders get their negative reputation by Charging high fees for loans and targeting desperate people. The correct option is d.
Who are predatory lenders?Predatory lenders are those practices, broadly defined, that are the fraudulent, deceptive, and unfair tactics some people use to dupe us into mortgage loans that we can't afford. Burdened with high mortgage debts, the victims of predatory lending can't spare the money to keep their houses in good repair. They strain just to keep up with their mortgage payments. Often, the strain is too much. They succumb to foreclosure. Their houses have been stolen from them.
The Office has prosecuted and will continue to prosecute the worst predatory lenders.
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Which part of an insurance application will contain information regarding the cause of death of the applicant's deceased relative
Answer:
Medical Information
Explanation:
Medical Information of the application includes certain information on the insured's prospective medical background, his or her present health conditions, any kind of visits to the medical in the recent years, the medical status of the living relatives, and also causes of death of the deceased relatives.
The medical information are used by the insurance companies to underwrite the policies.
You plan to number each account in your chart of accounts you want to have major categories and two levels of sub categories each level of category will be represented by a digit you want to have a room in your numbering for at least 10 accounts within the lowest level of subcategories how many digits do you need in your account numbers
Answer:
umm then u will have 5 account left
Abu Dhabi National Oil Company (ADNOC) has four-year bonds outstanding that pay a 7 per cent coupon rate. Investors buying the bond today can expect to earn a yield to maturity of 5 per cent. What should the company's bonds be priced at today? Assume annual coupon payments of $70. (Bond Par Value: $1000). ( 3 marks) B. Eagle Company has been generating stable revenues but sees no growth in it for the foreseeable future. The company's last dividend was €4.5, and it is unlikely to change the amount paid out. If the required rate of return is 10 per cent, what are the shares worth today? (
The bonds should be priced at approximately $1,174.10 today.
The shares of Eagle Company are worth €45 today.
A. To calculate the price of Abu Dhabi National Oil Company (ADNOC) bonds, we can use the present value formula for bonds, which considers the present value of both the coupon payments and the par value.
The coupon payments are annual and fixed at $70, and the yield to maturity is 5%. The bond has a four-year maturity. The par value of the bond is $1000.
Using the present value formula, we can calculate the price of the bond:
Price = (Coupon Payment / (1 + Yield to Maturity)^1) + (Coupon Payment / (1 + Yield to Maturity)^2) + ... + (Coupon Payment + Par Value / (1 + Yield to Maturity)^N)
Where N is the number of years until maturity.
In this case, the calculation is as follows:
Price = (70 / (1 + 0.05)^1) + (70 / (1 + 0.05)^2) + (70 / (1 + 0.05)^3) + (70 + 1000 / (1 + 0.05)^4)
Calculating the values:
Price = (70 / 1.05^1) + (70 / 1.05^2) + (70 / 1.05^3) + (70 + 1000 / 1.05^4)
Price = 66.67 + 63.49 + 60.47 + 983.47
Price ≈ $1,174.10
Therefore, the bonds should be priced at approximately $1,174.10 today.
B. To calculate the value of Eagle Company's shares, we can use the dividend discount model (DDM) which considers the present value of expected dividends.
The dividend is expected to remain constant at €4.5. The required rate of return is 10%.
Using the DDM formula, we can calculate the value of the shares:
Value of Shares = Dividend / (Required Rate of Return - Dividend Growth Rate)
Since the dividend is expected to remain constant, the growth rate is zero.
Value of Shares = 4.5 / (0.10 - 0)
Value of Shares = 4.5 / 0.10
Value of Shares = €45
Therefore, the shares of Eagle Company are worth €45 today.
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Is the total of your fixed and variable expenses your cash flow
Answer:
mabey
Explanation:
List three things that you can do to ensure that you have set healthy boundaries between yourself and others at work.
Answer:
Limited negativity, Laughs, and non-heated arguments
Explanation: you need some negativity it gets boring when someone just constantly agrees with you, and you need arguments to see the other person field of view however they should be calm and well-thought out and not aggressive.
In the market for apartment housing, the quantity of available apartments is observed to be less than the number of renters who are willing and able to pay the market price of an apartment. In this scenario, the market is said to be _____.(1 point)
A in equilibrium because there is a shortage of apartments on the market
B in disequilibrium because there is a shortage of apartments on the market
C in equilibrium because there is a surplus of apartments on the market
D in disequilibrium because there is a surplus of apartments on the market
Answer:
The correct option for the given case is
A-in equilibrium because there is a shortage of apartments on the market
Explanation:
Reason for correct option:
Option A is correct because in the market there are plenty of customers who are willing and able to pay the rent equivalent to the market price. That means the price payment factor for the rent is at equilibrium butt here is shortage of appartments for the rent.
Reasons for incorrect options:
Option B is incorrect because the market cannot be said to be at disequilibrium becuase the renters are willing and able to pay the actual amrket price for the appartments.
Option C is incorrect because there is shortage of apartments in the market.
Option D is incorrect becuase the market is at euilibiruim and there is no surplus of apartments.
The market for apartment housing is said to be B. in disequilibrium because there is a shortage of apartments on the market.
Disequilibrium arises in the housing market when there is no balance between the quantity supplied and the quantity demanded by renters of houses.With the observed shortage of housing units, despite the willingness of renters to pay the market price, there is no equilibrium.Thus, disequilibrium correctly describes the scenario of the market.
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The unintended consequences of an economic change that are not immediately identifiable but are felt only with time are known in economics as:_______
We can actually deduce here that the unintended consequences of an economic change that are not immediately identifiable but are felt only with time are known in economics as: D. Secondary effects.
What is unintended consequence?Unintended consequence, as seen in social sciences are known to be the result or outcome that is gotten from a purposeful action which were not seen coming.
The options that complete the question are:
a. scarcity constraints.
b. marginal effects.
c. opportunity costs.
d. secondary effects
We can actually deduce here that such unintended consequences of an economic change that are not immediately identifiable but are felt only with time are known in economics are known to be secondary effects.
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What other images are used on this site, and how do they relate to what the company is selling?
Any website's content strategy is incomplete without images. The greatest pictures are displayed well above fold and serve as both decorative elements and educational tools.
Why are pictures crucial for businesses?The most effective strategies for improving the performance of your content is visual and video material. When content is accompanied by an image, viewers are 80% as inclined to interact with it and 64% more inclined to remember what you read or heard. There you have it, then. To advertise your business, you must use photos. This image might show someone is using your product or show the results of your service. This product graphic makes it easier for potential buyers to understand how your good or service can help them.
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After a third complaint about how her company was handling customer service requests, catalina developed a code of ethics to specify.
The code of ethics which Catalina developed is supposed to spell out how her staff will interact with customers, fellow employees, and members of the general public.
What is the purpose of a Code of Ethics?The Code of ethics is an organizational blueprint that spells out the behavior of staff or employees which when followed to the letter ensures, that the image or the organization is associated with the highest levels of:
These help to increase brand equity.
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using target date funds can be beneficial for beginner investors, because...
Using target date funds can be beneficial for beginner investors because they provide a simple and convenient way to invest in a diversified portfolio that adjusts its risk level over time based on the investor's age and retirement date.
Target date funds are designed to help investors save for retirement by providing a diversified portfolio of stocks, bonds, and other assets that gradually shifts towards a more conservative allocation as the investor approaches their retirement date. These funds are typically managed by professional investment managers who make investment decisions on behalf of the investors.
For beginner investors, target date funds offer several benefits. Firstly, they provide a simple and easy way to invest in a diversified portfolio without having to make complex investment decisions. This can be especially helpful for investors who may not have the time or expertise to research and manage individual investments.
Secondly, target date funds automatically adjust their asset allocation over time, becoming more conservative as the investor approaches retirement. This helps to manage risk and reduce volatility in the portfolio, which can be especially important for beginner investors who may be more risk-averse.
Overall, target date funds can be an excellent option for beginner investors who want a simple, convenient, and effective way to invest for retirement.
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According to etzioni’s three types of formal organizations, which organization type has a shared affinity when looking at the feeling of connectedness?.
According to Etzioni’s three types of formal organizations, Normative organization type has a shared affinity when looking at the feeling of connectedness.
Systems that rely on normative power have a control structure that is based on promoting common values that members adhere to. These values are intentionally created and upheld by the organization, and they are all portrayed in different signs and symbols that can be either verbal, visual, behavioral, or intellectual, or any combination of the four. Having a strong commitment to an organization's ideology gives you influence and sway. Members adopt the values of the organization. The organization's members act cohesively and with a strong dedication to its objectives.
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a global bond issue is a very large bond issue that would be easy to sell in any one country or region of the world true false
"The statement "a global bond issue is a very large bond issue that would be easy to sell in any one country or region of the world"
"Student question: a global bond issue is a very large bond issue that would be easy to sell in any one country or region of the world true false.is False.A global bond issue is a bond issue that is marketed and sold to investors in multiple countries or regions of the world. It is typically issued by a large multinational corporation or a government entity. While a global bond issue may be large in size, it is not necessarily easy to sell in any one country or region of the world. The success of a global bond issue depends on a variety of factors, including market conditions, investor demand, and credit rating. Additionally, issuers must comply with various regulatory requirements in each country or region where the bonds are sold.In summary, a global bond issue is not necessarily easy to sell in any one country or region of the world, and the statement "a global bond issue is a very large bond issue that would be easy to sell in any one country or region of the world" is False.
When answering questions on Brainly, it is important to always be factually accurate, professional, and friendly. Answers should be concise and not provide extraneous amounts of detail. It is also important to use the following terms in the answer:
Therefore the answer is false.
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where does McKenna grace live? Brainliest for the correct answer
Answer:
McKenna grace lives in Texas of America.
What are the 5 advantages of writing out a budget?
Explanation:
Provides You 100% Control Over Your Money.
Let's You Track Your Financial Goals.
Budgeting Will Open Your Eyes.
Will Help Organize Your Spending.
Will Help Create a Cushion for Unexpected Expenses.
Budgeting Makes Talking About Finances Much Easier.
thesavvycouple dot come
Which job in the Finance career would be best for someone who had knowledge of banking and credit systems and the ability to repetitively process transactions?
Accounts Clerk
Insurance Underwriters
Claims Clerk
Business Financial Manager
Answer:
B). Insurance Underwriter.
Explanation:
The job of 'Insurance Underwriter' would be the most appropriate career option for a person who possesses knowledge regarding the banking sector, as well as, credit organizations along with the potential to process transactions in repetition. In this job, he could use his knowledge for examining the data of the applicants and evaluate the risks associated in order to decide if the insurance is to be offered to them or not along with their necessary premiums and coverages in repetition. Thus, option B is the correct answer.
Marco agrees to sell Clowns R Us some balloons. The contract states that Clowns may buy as many balloons as it wishes. This agreement is
Answer:
c
Explanation:
The agreement between Marco and Clowns R Us is an illusory contract. This is because Clowns R Us is not obligated to buy any balloons.
The contract states that Clowns may buy as many balloons as it wishes, but it does not say that Clowns must buy any balloons.
An illusory contract is not a valid contract because it lacks consideration. Consideration is something that each party gives up in order to make the contract binding.
In this case, Marco is giving up the right to sell balloons to other businesses. However, Clowns R Us is not giving up anything. It is free to buy balloons from other businesses or not buy any balloons at all.
As a result, the contract between Marco and Clowns R Us is not enforceable. If Clowns R Us does not buy any balloons, Marco cannot sue them for breach of contract.
Here are some other examples of illusory contracts:
A contract that states that one party may buy as many widgets as they wish at the price of $1 per widget.
A contract that states that one party may hire the other party for as many hours as they wish at the rate of $1 per hour.
A contract that states that one party may rent a car for as many days as they wish at the rate of $1 per day.
In all of these cases, the party that is not obligated to do anything is not giving up anything in order to make the contract binding. As a result, the contracts are not enforceable.
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Communication response time must be faster than in the past to succeed in the modern workplace. please select the best answer from the choices provided t f
Based on current workplace trends, a faster communication time is needed to succeed so this is True.
What does the modern workplace require?The modern workplace is characterized by faster processes and the need to stay ahead of competitors.
As a result, it is required that communication response times should be faster in order to be successful.
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All processes and functional areas participate in the reengineering efforts of a firm.a. Trueb. False
True. The participation and collaboration of all business processes and functional domains is necessary for a reengineering initiative to be effective. This makes sure that every part of the business.
By restructuring an organization's key business processes, the business process reengineering (BPR) technique seeks to fundamentally alter how it operates. It entails thoroughly rethinking and rebuilding current processes in order to increase productivity, quality, and customer happiness while lowering costs and cycle times.Organizations may need to rearrange their structure, technology, and work culture as a result of reengineering, which often includes a radical approach to change. It frequently calls for input from cross-functional teams and concentrates on attaining a notable increase in performance. Reengineering may aid businesses in bettering their competitiveness, increasing their Trueb.
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What does the term 'user
experience' refer to regarding a
website?
A. the overall ease of navigation and ability to
purchase on a company's website
B. the general experience a customer has when
using a product of a business
C. the customer experience when dealing with
customer service representatives
Answer:b
Explanation:
Referring to Panel (A), what is the new quantity of aggregate demand when the price level is 1.12 after the aggregate demand curve shifts from AD1 to AD2? (Simply type a numerical value with no "$" symbol or comma)
The new quantity of aggregate demand when the price level is 1.12 after the aggregate demand curve shifts from AD1 to AD2 is [numerical value].
When the aggregate demand curve shifts from AD1 to AD2, it indicates a change in total spending in the economy at each price level.
To determine the new quantity of aggregate demand at a specific price level, we refer to the intersection of the AD2 curve with the price level of 1.12. At this intersection point, we can read the corresponding quantity of aggregate demand.
The new quantity of aggregate demand when the price level is 1.12 after the aggregate demand curve shifts from AD1 to AD2 is the value obtained from the intersection of the AD2 curve with the price level of 1.12.
This represents the level of total spending in the economy at that particular price level after the shift in the aggregate demand curve.
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An international business is a firm that
Part 2
A. hires non-U.S. citizens.
B. produces a wide range of products.
C. is not from the United States.
D. engages in international trade or investment.
Option D: An international business is a firm that engages in international trade or investment.
Therefore, the correct answer is option D. An international business is a company that conducts business across national borders. This can include importing and exporting goods, investing in foreign markets, and operating in multiple countries.
It is not necessarily defined by the nationality of its employees, the range of products it produces, or the country in which it is headquartered. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries.
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Suppose that in two months time the minimum wage is set to increase by $1 per hour. This is likely to.
If the minimum wage is getting hiked by $1 per hour in two months. Some workers who are currently making minimum wage will be benefitted from this.
What is minimum wage ?A minimum wage is the lowest wage an employee should be entitled per hour in accordance with federal law. A job offer or agreement to work for less than the legally mandated minimum wage level for hourly compensation is not permitted for nonexempt employees.
Australia and New Zealand were the first countries to enact minimum wage laws in an effort to increase the pay of unskilled workers. A national minimum wage is mandated in the majority of contemporary wealthy economies as well as many underdeveloped economies.
When Massachusetts established a minimum hourly rate for women and children under the age of 18 in 1912, it became the first minimum wage law in the United States. The federal government established the $0.25 per hour minimum wage in 1938 under the FLSA.
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Bob was a director of a corporation. The CEO, with consent from the board of directors, bought property for future development. The price was fair. Bob did not disclose that he was a shareholder in the entity that owned the property. Did Bob violate any fiduciary duty
Yes, Bob violated the duty of loyalty by failing to disclose his interest in the entity that owned the property. Directors have a fiduciary duty of loyalty to act in the best interest of the corporation and to avoid conflicts of interest.
In this case, Bob's failure to disclose his interest in the entity that owned the property constitutes a conflict of interest that could potentially harm the corporation.
Even if the purchase price was fair and the other directors voted in favor of the purchase, Bob still had an obligation to disclose his interest in the transaction to the board and abstain from voting on the matter.
By failing to do so, he breached his fiduciary duty of loyalty.
In summary, Bob violated his fiduciary duty of loyalty by failing to disclose his interest in the entity that owned the property, even though the purchase price was fair and the other directors approved the transaction.
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Complete Question:
Bob was a director of a corporation. The CEO, with consent from the board of directors, bought property for future development. The price was fair. Bob did not disclose that he was a shareholder in the entity that owned the property. Did Bob violate any fiduciary duty?
a. No, because the price was fair.
b. No, because the other directors voted in favor of the purchase.
c. Yes, because no director may ever sell property to the company for whom he serves.
d. Yes, he violated the duty of loyalty.
Where do most banks get the text to explain their calculations of interest?
Answer:
Schumer box/Truth in Lending Act
Explanation:
if logan said he won the fight.
KSI fans:lets check his monthly spotify listeners
Answer:
xxxxxxxxxxxxxxxxxxx Vetty funny bro
Explanation: