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myrzilka [38]
3 years ago
7

Larry can vote in person at the company’s annual meeting, through the mail, or by transferring the right to vote to another pers

on by means of transfer of ownership of shares.a.True b.False
Business
2 answers:
Darina [25.2K]3 years ago
7 0

Answer:

a. True

Explanation:

The unit of share represents the stake of the shareholder or owner in the business.

Not only does this represent the stake of the owner, a unit of share also represents the voting power of the holder in the company's meetings such as the annual general meeting where decisions about the business may be taken.

A shareholder can transfer this right to vote to another known as a proxy or by means of transfer of ownership of shares.

Hence the answer is true

oee [108]3 years ago
3 0

Answer:

The question is not complete ,find below complete question:

Larry holds 1,000 shares of GE common stock. as a stockholder, he has the right to be involved in the election of its directors, who are responsible for managing the company and achieving the company's objectives.  Larry can vote in person at the company's annual meeting, through the mail, or by transferring the right to vote to another person by means of transfer of ownership of shares. A True B False

The correct answer is option A, true

Explanation:

As a stockholder possessing the rights to vote in an election,Larry can fill out the proxy form sent to him by the company when the notice for the meeting was sent and return the filled proxy via email  in order to vote in the election.

On the other hand, it is also allowed that Larry transfers his shareholding in the company to someone else to enable the beneficiary of such transfer to vote instead since the rights to vote in the election is also transferred with the shares.

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faiz enters into a contract to buy 350 acres from grain farm to cultivate hops and open a brewery. faiz fails to make the purcha
Debora [2.8K]

Based on the fact that Falz failed to make the purchase, Grain Farm most likely has the remedy of C ) Pay the difference between contract price and market price.

<h3>What is Grain farm to do?</h3>

When a buyer (Falz) gets into an agreement to buy a land or property and fails to do so, this falls under real estate and damage.

Under real estate and damage, the buyer  would then have to pay the seller (Grain Farm) a remedy which would be the difference between the market price of the property and the contract price.

Options for this question include:

  • the amount that Faiz expected to invest in the brewery
  • a percentage of Faiz's unrealized profit.
  • the difference between the contract and market prices of the land.
  • nothing-Grain Farm still owns the land.

Find out more on contract remedy at brainly.com/question/28480342

#SPJ1

7 0
1 year ago
On January 23, 10,000 shares of Tolle Company are acquired at a price of $30 per share plus a $100 brokerage commission. On Apri
Vaselesa [24]

Answer:

January 23rd

Dr Investment in Tolle                 300,100

Cr Cash                                        300,100

(to record the acquired of 10,000 Tolle's shares at $30 each and a brokerage cost of $100)

April 12th

Dr Cash                                 5,000

Cr Dividend Revenue          5,000

(to record dividend revenue from 10,00 Tolle's shares at $0.5 each)

June 10th

Dr Cash                                           135,900

Cr Investment on Tolle                 120,040

Cr Gain on investment disposal   15,860

(to record the sales of 4,000 Tolle's shares at $34 plus $110 commission fees incurred).

Explanation:

All the explanation is given at the end of each transaction. Further explanation as below:

Given there is no information mentioned whether the share acquired is fro 20% to above and the partial disposal of the investment comes quite near to the time of first acquire; we apply the Cost Method for accounting these transactions.

In the June 10th transaction, we have:

- The actual selling price per share = (Selling price x share sold - Brokerage commission) / share sold = ( 34 x 4,000 - 100) / 4,000 = $33.975;

- The cost of share sold per share = ( Purchasing price x share purchase - Brokerage commission)/ share purchased = ( 30 x 10,000 + 100) / 10,000 = $30.01

=> Cost of share recorded ( Cr Investment account) = 30.01 x 4,000 = 120,040;

=> Gain on investment disposal = ( 33.975 - 30.01) x 4,000 = 15,860.

=> Cash receipt = 4,000 x 34 - 100 = $135,900.

3 0
3 years ago
Which is NOT an advantage of a mutual fund?
denpristay [2]

Answer:

I think D. If I'm wrong I'm sorry

7 0
3 years ago
Select the correct statement from the following,assuming Carmichael Company had a favorable direct materials price variance of $
Murljashka [212]

Answer:

Total direct material variance= $1,000 favorable

Explanation:

Giving the following information:

Company had a favorable direct materials price variance of $3,000 and an unfavorable direct materials usage variance of $2,000.

<u>To calculate the total direct material variance, we need to use the following formula:</u>

<u></u>

Total direct material variance= price variance +/- quantity variance

Total direct material variance= 3,000 - 2,000

Total direct material variance= $1,000 favorable

4 0
3 years ago
If you cause a car accident, which type of insurance will require you to pay the least out of pocket?
sergij07 [2.7K]
Liability, is the answer
3 0
3 years ago
Read 2 more answers
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