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aleksklad [387]
3 years ago
9

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 445,000 shares outstanding, and the stock currently sells for $54, If there are four seats in the current election, how much will it cost you to buy a seat?
Business
1 answer:
Bingel [31]3 years ago
6 0

Answer:

$12,015,054

Explanation:

For computing the cost, first we need to find out how much shares are needed which is shown below:

= (Number of shares) ÷ (two) + one

= (445,000 shares) ÷ (2) + 1

= 222,501 shares

Now the cost would be

= Number of shares needed × selling price per share

= 222,501 shares × $54

= $12,015,054

We assume the company use the straight voting

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Answer:

Unitary product cost= $54

Explanation:

Giving the following information:

Production= 23,000 units

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First, we need to calculate the unitary variable overhead.

Unitary overhead= 276,000/23,000= $12 per unit

Unitary product cost= 23 + 19 + 12= $54

5 0
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Answer:

$25.86.

Explanation:

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The cashflow pattern of this preferred stock is similar to perpetuty.

Stock value at time t = 20 = Dividend/Required rate of return = 20/10.5% = 190.48

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6 0
3 years ago
Suppose that the total utility from consuming one unit of good X is 54 utils, the total utility of two units of good X is 74 uti
mars1129 [50]

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4 0
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GDP calculated via factor payments includes: a consumption, investment, and government. b wages, interest payments, rent, and pr
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Answer:

b wages, interest payments, rent, and profits

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alexira [117]

Answer:

Option "C" is the correct answer to the following statement.

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