1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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>

You might be interested in
Do you think most employers are serious about the development of their employees or are they only concerned with productivity?
Mandarinka [93]

Answer:

Productivity is the phenomena of the world economies. It is important for the development and growth.

Explanation:

There are many international and national organization that take care about their employees growth. But many of organization are there which is only think about the productivity not about their employees. The industrial organization psychology worked on this concepts. Many research has been done just because to find out about the employees condition and productivity in an organization.

It is very important for employers if they think about the mental, physical health of their employees it affects the productivity. If employees are satisfied with the environment and policy of a company then productivity will also increase side by side.

3 0
3 years ago
Mrs. Smith operates a business in a competitive market. The current market price is $8.10. At her profit-maximizing level of pro
Luba_88 [7]

Answer:

Mrs Smith either shut down the business or invest in efficient equipements that lowers the total cost to below $7

Explanation:

The reason is that the you can not make profit if you product is sold in the market at a higher price than the competitor who offers the same product with the same features. So here, Smith can not make profits by selling the product at $8 because here total cost is $8.25 per unit.

So either she should invest in the business equipments which bring efficiencies and keeps the total costs to below $7 or she should shut down her business because the business is turned into loss making machine.

3 0
3 years ago
ASAP!!! PLEASEEEEE Using online tools research and write how the Internet is advantageous as a business tool for marketing produ
otez555 [7]
The internet provides a place for people to advertise easily. You could buy add spaces on websites to advertise the product you are selling.
(Not sure how long it needs to be but this is a rough idea)
6 0
2 years ago
Identify the detective control below.
Darina [25.2K]

Answer:

Reconciling the bank statement to the cash control account.

Explanation:

The reason is that the detective approach is the one which helps in identification of the errors in recording the facts and figure in a control system is the detective control. In this case, bank reconciliation helps in accessing the errors and entries that are not recorded in the books of accounts hence it is a detective control.

7 0
3 years ago
The prime minister of Equalia has called for the nation's legislators to enact new legislation designed to shift the country awa
yuradex [85]

Answer:

The most likely problem to arise due to a shift from socialism to capitalism is unequal distribution of wealth.

Explanation:

In a socialist system the businesses and properties are owned by the government. The government ensures equal distribution of income and wealth in the society.

However, in a capitalist system the business and properties are owned by private individuals. People earn income on the basis of their contributions. The government does not interfere in the economy, it's the market forces control the economy.

In a socialist system income redistribution takes place from rich to poor. Such things do not happen in capitalism. So people are mostly to face the problem of unequal distribution of wealth through this shift.

3 0
3 years ago
Other questions:
  • On January 1, 2019, Fitbit goes public and issues 50 million shares at $20 per share. Fitbit had 200 million shares prior to goi
    10·1 answer
  • True or False: The State of Florida will revoke your license if you are found guilty of committing a felony for drug possession.
    5·2 answers
  • Which of the following items is not a current liability?
    13·1 answer
  • Which is the best option for people who need the items immediately but cannot pay cash now?
    13·2 answers
  • The contestable market model of oligopoly bases pricing and output decisions on:
    13·1 answer
  • Question 4 Ivanhoe Company reports the following information (in millions) during a recent year: net sales, $10,794.0; net earni
    6·1 answer
  • A cognitive psychologist believes that people learn better when they spread out their studying over several days, so she creates
    9·1 answer
  • The Company uses lower-of-cost-or-market approach. The replacement cost of an inventory item is $75. Net realizable value is $82
    6·2 answers
  • ?????????????????????????help
    9·1 answer
  • If prices are rising and a company's physical inventory levels are unchanged, the use of FIFO rather than LIFO for inventory val
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!