Which of the following characterizes how conditions in China have challenged the world's food supply?

Camm corp. has 10,000,000 common shares outstanding. its four directors are elected by cumulative voting. to elect one director,

Oksanka [162]

Answer:

2,000,001 shares

Explanation:

To solve this question, we need to use the cumulative voting formula:

X = [(S x N) / (D + 1)] + 1

X = minimum number of shares that must be owned = ?
S = total outstanding shares = 10,000,000
N = number of directors we want to elect = 1
D = total number of directors to be elected = 4

X = [(10,000,000 x 1) / (4 + 1)] + 1 = (10,000,000 / 5) + 1 = 2,000,001

There are two voting procedures used to elect the members of a board of directors: the straight voting method and the cumulative voting method.

The straight voting method favors majority stockholders since they receive one vote per stock per open seat which means that someone that has 50% plus 1 stock can actually get all the board members elected.
Cumulative voting system assigns one vote per stock for the whole election, that means that a board member could be elected with 20% plus 1 vote. This voting system favors minority shareholders since someone with 50% plus 1 vote could only get 2 members elected by himself/herself.

3 0

3 years ago

Which is the final stage of the purchase decision process?.

Alisiya [41]

Answer: The final stage is Post-Purchase Behavior

Explanation:

8 0

3 years ago

At year-end, the following additional information is available: a. The balance of Prepaid Rent, $4,920, represents payment on Oc

Rudiy27

Question Completion:

The December 31, 2018, unadjusted trial balance for Demon Deacons Corporation is presented below.

Accounts Debit Credit

Cash $ 8,100

Accounts Receivable 13,100

Prepaid Rent 4,920

Supplies 2,100

Deferred Revenue $ 1,100

Common Stock 11,000

Retained Earnings 4,100

Service Revenue 37,520

Salaries Expense 25,500

Total $ 53,720 $ 53,720

Use the following additional information to prepare the adjusted Trial Balance.

Answer:

Demon Deacons Corporation

Adjusted Trial Balance

As of December 31, 2018

Accounts Debit Credit

Cash $ 8,100

Accounts Receivable 13,100

Prepaid Rent 3,280

Supplies 610

Deferred Revenue $ 825

Common Stock 11,000

Retained Earnings 4,100

Salaries Payable 700

Service Revenue 37,795

Rent Expense 1,640

Salaries Expense 26,200

Supplies Expense 1,490

Total $ 54,420 $ 54,420

Explanation:

a) Data and Analysis:

a. Rent Expense $1,640 Prepaid Rent, $1,640 ($4,920 * 2/6) rent from November 1, 2018, to April 30, 2019.

b. Deferred Revenue, $275 Service Revenue $275

c. Salaries Expense $700 Salaries Payable $700

d. Supplies Expense $1,490 Supplies $1,490

Accounts Debit Credit

Cash $ 8,100

Accounts Receivable 13,100

Prepaid Rent 4,920 - 1,640 = 3,280

Supplies 2,100 - 1,490 = 610

Deferred Revenue $ 1,100 -275 = 825

Common Stock 11,000

Retained Earnings 4,100

Salaries Payable 700

Service Revenue 37,520 + 275 = 37,795

Rent Expense 1,640

Salaries Expense 25,500 + 700 = 26,200

Supplies Expense 1,490

Total $ 53,720 $ 53,720

4 0

3 years ago

Harper acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2014, for $243,700 in cash. The book

KonstantinChe [14]

One of the steps in solving this problem is this one:

As we know as shown above, the joournal entry for 2014 and 2015 will include the investment balance, increases and decreases to equity and intra-entity profits realized and deferred. Also the balance of the acquisition needs to be calculated.

Calculation of the book value of the purchase made as the book value of Company K times percent purchased:

400,000 * 0.40 = 160,000

Then, calculate the difference in the acquisition and the book value of the purchase:

210,000 - 160,000 = 50,000

5 0

3 years ago

Managers who are responsible for just one organizational activity are known as ______ managers.a. specialist b. first-line c. si

omeli [17]

Answer:

d. functional

Explanation:

A functional manager can be described as a managers whose responsibility is to manage an organizational unit such as a department within an organization.

A manager can be given the responsibility to manager a specific department such as marketing, engineering, IT, or public relations.

The primary role of a functional manager is to be in charge and manage resources in his department, and to also to direct the technical work of people working on a project under his functional area.

Therefore, managers who are responsible for just one organizational activity are known as <u>functional managers</u>. The correct option is d. functional.

5 0

3 years ago