Jim$$s Cement Company $($JCC$)$ is ready to introduce a new type of concrete that is stronger, lasts longer, and is more easily maintained than the current type. The CEO of JCC is Wilma Flintstone and she is super excited about the potential of this new product line. Flintstone also serves as the chairman of the board of directors and has recently reviewed some financial data summarized below:

Net Income $(2022)$

$$121,000$

Net Income $(2023)$

$$145,000$

Total Assets $(2022)$

$$1,304,000$

Total Assets $(2023)$

$$1,739,000$

Betty Rubble $($Board Member$)$

CFO of Rubble Stone Company

Alan Slate $($Board Member$)$

CEO of Slate Transportation Company

Roger Rockhead $($Board Member$)$

COO of Rocks Tech Company

Liz Pebbles $($Board Member$)$

CRO of United Insurance Company

Identify one strength and one weakness regarding the composition of the board of directors.

Flintstone has a company sponsored country club membership at an annual cost of $$125,000.$Describe the conditions under which the membership is consistent with the primary goal of the business.

Explain how Flintstone could tell if JCC were nearing insolvency and bankruptcy

Answer rating: 100% (QA)

Strength The composition of the board of directors includes individuals with diverse expertise and backgrounds from different industries such as finance transportation technology and insurance This di... View the full answer