subject
Business, 18.12.2019 02:31 anikalee

Machine malfunction. bruno, the president of a corporation operating workout facilities, convinced the board of directors to approve a large purchase of a type of fitness machine called "perfect body." bruno had carefully investigated the machine and did a presentation to the board on its purported benefits. unfortunately, after the purchase, it was announced that "perfect body" was actually a very dangerous machine that should not be used. the manufacturer of "perfect body" went bankrupt, and the corporation lost $200,000 on the purchase of the machines. the shareholders are furious and want to sue bruno and the directors. the board of directors agrees to allow frances, the ringleader of the shareholders, to purchase stock of the company at below its fair market value. she purchases a considerable amount of stock on that basis, but says that the shareholders plan to continue with an action against bruno and the board members. under which of the following should bruno and the board of directors defend themselves in an action brought by shareholders for harming the corporation?

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 19:10, postorivofarms
If we know that a firm has a net profit margin of 4.6 %, total asset turnover of 0.62, and a financial leverage multiplier of 1.54, what is its roe? what is the advantage to using the dupont system to calculate roe over the direct calculation of earnings available for common stockholders divided by common stock equity?
Answers: 2
image
Business, 22.06.2019 17:00, whitakers87
Dan wants to start a supermarket in his hometown, and wants to get into the business only after finding out about the market and how successful his business might be. the best way for dan to gain knowledge is to:
Answers: 2
image
Business, 22.06.2019 19:40, mahoganyking16
Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%
Answers: 2
image
Business, 22.06.2019 19:50, joel4676
The new york company produces high quality chairs. variable manufacturing overhead is applied at a standard rate of $12 per machine hour. each chair requires a standard quantity of six machine hours. production for the month totaled 4,000 units. calculate: the standard cost per unit for variable overhead. select one: a. $130,000 b. $192,000 c. $90,000 d. $100,000
Answers: 2
You know the right answer?
Machine malfunction. bruno, the president of a corporation operating workout facilities, convinced t...

Questions in other subjects:

Konu
History, 05.05.2020 06:03