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kenny6666 [7]
2 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]2 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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Recent rains increase the demand for kayaks, as paddlers want to take advantage of the exciting river conditions on the Oconee R
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Explanation:

The recent rains resulted in an increase in demand for kayaks so the equillibrum quantity demanded will rise. Supply will also rise to meet the increased demand.

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Consider the following information pertaining to OldWest's inventory:
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Answer:

$2,664

Explanation:

Generally Acceptable Accounting Principles requires that the closing inventory should be valued at lower of cost and Net realizable value.

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Revolvers      13           $126              $155

Spurs             22          $32               $27

Hats               9            $58               $48

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Revolvers      13           $126              $1,638

Spurs             22          $27               $ 594

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Total Closing Inventory Value = $1,638 + $594 + $432 = $2664

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Cost leadership is a term used when a company projects itself as the cheapest manufacturer or provider of a particular product or commodity in a competition. It is difficult to deploy the strategy because the management must constantly work on reducing cost at every level to remain competitive.

Cost leadership is a part of marketing strategy. Although, it is highly effective in gaining market share as well as drawing the customers' attention, it is difficult to deploy. The management team of the company has to constantly work towards reducing the cost of not just one product, but the entire range of products in the company's portfolio.

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