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kenny6666 [7]
3 years ago
13

Topco owns 60% of the voting common stock of Midco and 40% of the voting common stock of Botco. Topco wishes to gain control of

Botco by having Midco buy shares of Botco's voting stock. Which one of the following minimum levels of ownership of Botco must Midco have in order for Topco to have controlling interest of Botco's voting stock?
A. 11%
B. 17%
C. 26%
D. 50+%
Business
1 answer:
aleksandrvk [35]3 years ago
4 0

Answer:

A. 11 %

Explanation:

Given that TopCo owns 40% of Botco, in order to gain control botco, it must either directly or/and indirectly have more than 50% of botco voting stock. Meaning it must acquire more than 10% extra in order to gain control. Thus, if Midco that topco have 60% of is able to acquire 11% of Botco, then topco will be able to have 51% control over botco with 40% coming directly and 11% coming indirectly through it 60% control over Midco.

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RideAnS [48]

Answer:

$10,800 underapplied

Explanation:

Calculation for If overhead is applied based on machine hours, the overapplied/underapplied overhead is:

Overhead machine hours=[($1,044,000/24,000)×23,600]-1,037,400

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Overhead machine hours=$1,026,600- 1,037,400

Overhead machine hours= $10,800 underapplied

Therefore If overhead is applied based on machine hours, the overapplied/underapplied overhead is:$10,800 underapplied

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Assume personal tax rates are lower than corporate tax rates. From a tax-paying shareholder point of view, how should a firm spe
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Answer: e. repurchase shares

Explanation:

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The best way to do that would be a share repurchase. The company would probably buy at above market rates which would give shareholders capital gain and they wouldn't have to pay much taxes on it as personal rates are lower.

4 0
3 years ago
Western Union is in the business of providing a medium for international money transfers. Through the services of Western Union,
tatiyna

Answer: core service

                                                 

Explanation: In simple words, core service refers to the service which are of highly value and importance to the user or provider or both.

These services are considered be essential for smooth operations of an economy or the organisation as the case may be.

In the given case, Western union has the business of transferring payments internationally. Hence we can conclude that they are providing the core service of their business.

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Explanation:

Input is an interactive control in HTML. When you want to create check box, text box, password box, radio button, button, etc can be created by using <input> tag in HTML.

Attributes:

type: type of control

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According to the given code snippet, a "button" would be created with the label "cancel".  

3 0
3 years ago
Read 2 more answers
Which of the following people is functioning as a producer?
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Answer:

D. Simon, who is baking a cake that will be sold in a bakery

Explanation:

Simon is the producer here because he is producing a product to sell on the market.

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3 years ago
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