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shepuryov [24]
3 years ago
14

After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of direct

ors of Schenkel Enterprises. Unfortunately, you will be the only person voting for you. The company has 400,000 shares outstanding, and the stock currently sells for $45, If there are four seats in the current election, how much will it cost you to buy a seat
Business
1 answer:
AnnyKZ [126]3 years ago
6 0

Answer:

$9,000,045

Explanation:

You will need more than HALF of the shares to win.

400,000 shares are there

Half of it:

400,000/2 = 200,000 shares

You would need 1 more to it, so:

Shares needed = 200000 + 1 = 200,001 shares

Total Cost would be the number of shares needed multiplied by the price of each share.

So,

<u>Total Cost = 200,001 * 45 = $9,000,045</u>

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If a bank purchases a security from the Federal Reserve System, reserves in the banking system ________ and the monetary base __
lbvjy [14]

Purchase of a security by the bank will decrease the reserves in the banking and as a result the monetary base will also decrease.

<u>Explanation:</u>

The federal reserve system is the central bank of the United States of America. It has certain measures under it's control to manage the supply of money in the economy.

One of those measures is the purchase and the selling of the securities. If the security is purchased by the bank from the Federal reserve system, it will decrease the money reserve in the banks. As a result of this the monetary base will decrease in the country also.

5 0
4 years ago
In December 2008, Hawaiian Telecom took action to strengthen its balance sheet by reducing debt. Although the company continued
Liono4ka [1.6K]

Answer:

1. Reorganization

Explanation:

The reorganization is the position where the firm wants to restructure its business so that the company could able to improve its profitability by making good decisions, proper working in the organization, resource utilization, etc

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Therefore in the given case, since the Hawaiian telecom took an action  for better off the balancing sheet by decreasing debt that represents the reorganization example

4 0
3 years ago
Jenna would like to purchase a new car in three years. If she saves $1000 per year in an account that pays 8% annual interest fo
Nady [450]

Answer:

FV = A(<u>(1 + r)</u>n - 1)

                r

FV = 1,000(<u>(1+ 0.08</u>)3 - 1

                     0.08

FV = 1,000 x 3.2464

FV = $3,246.40

The correct answer is B

Explanation:

In this case, there is need to calculate the future value of an ordinary annuity for 3 years at 8% interest rate.

3 0
3 years ago
According to the law of​ demand, as prices​ rise, ceteris paribus A. quantity demanded decreases. B. quantity demanded increases
vodka [1.7K]

Answer:

A) quantity demanded decreases.

Explanation:

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*The demand of a good or service is shown by the demand curve, but the points in the curve represent the quantity demanded.

3 0
3 years ago
Who manages private company
PSYCHO15rus [73]
Private company is business company owned. 

Hope this helps you! :-)
7 0
3 years ago
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