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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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In a balanced balance sheet, if liabilities are $2,000 and owner’s equity is $3,300, what must assets be ____?
TEA [102]

Answer:

5300

Explanation:

assets=equitys +liabilities

3 0
2 years ago
Functions of Material Management:​
satela [25.4K]

Answer:

the function responsible for the coordination of planning, sourcing, purchasing, moving, storing and controlling materials in an optimum manner so as to provide a pre-decided service to the customer at a minimum cost

8 0
2 years ago
Oriole Company has a balance in its Accounts Payable control account of $8,170 on January 1, 2020. The subsidiary ledger contain
dem82 [27]

Complete question:

Oriole Company has a balance in its Accounts Payable control account of $8,170 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,550; Janish Company, balance $1,580; and Valdez Company. During January, the following payable-related transactions occurred.

Purchases Payments Returns  

Hale Company $6,529 $5,972 $ -0-  

Janish Company   5,066   2,087 2,215  

Valdez Company   6,647   6,790   -0-

What is the January 1 balance in the Freeze Company subsidiary account?

What is the January 31 balance in the control account?

Balances in the subsidiary accounts Bixler $ Cuddyer $ Freeze$

Which January transaction would not be recorded in a special journal?

Solution:

What is the January 1 balance in the Freeze Company subsidiary account?

8,170 - 2,550 - 1,580 = 4040

What is the January 31 balance in the control account?

8,170 + 6,529 + 5,066 + 6,647 - 5,972 - 2,087 - 6,790 - 2,215 = 1,995

Compute the balances in the subsidiary accounts at the end of the month.  

Hale 2,550 + 6,529 - 5,972 = 3,107

Janish 1,580 + 5,066 - 2,087 - 2,215 = 2,344

Valdez 4040 + 6,647 - 6,790 = 3,897

Which January transaction would not be recorded in a special journal?

Returns Purchases Payments

The purchase return for Brown of $2,215

6 0
3 years ago
5. Do a SWOT analysis for the business idea you chose in question 2 above. Describe at least 2 strengths, 2 weaknesses, 2 opport
Ulleksa [173]

PART I

Answer:

The business idea is that of a Bakery that specializes in pastry that is mixed with fruits.

Explanation:

SWOT

Strengths

  • Unique Value Proposition which is healthier bread and cake recipes
  • 20 years experience in baking which translates to strong industry  knowledge

Weaknesses

  • Insufficient Equipment to go with
  • Weak or zero visibility for new business

Opportunities

  • Little or no competition as the recipes are unique to me
  • Huge demand for healthier pastry especially in my current location

Threats

  • The industry is heavily regulated and may be shut down if there are compliance issues
  • One competition that knows what they are doing and combines pastry with healthy drinks such as smoothies. We don't do smoothies.

Part II

Answer:

The persons I would give the business plan to are:

  • My family
  • An angel investor who I met on LinkedIn who supports small businesses and start-ups
  • My banker of over 20 years

  1. I would give the business plan to my family members because they are the easiest people to raise funds from and also because family, can decide to contribute in cash or in-kind with no interest required.
  2. I would give the business plan to an angel investor because their funds are cheaper than those of the banks though a little more difficult to come by
  3. Banks always have the funds but the funds come at a higher cost than the first two.

Cheers

8 0
2 years ago
"Mrs. Smith operates a business in a competitive market. The current market price is $8.10. At her profit-maximizing level of pr
Molodets [167]

Answer:

Mrs.Smith should continue to operate the business in the short run but shut down in the long run.

Explanation:

According to the shut down rule, at the profit-maximizing positive level of output, a business in a competitive market should continue to operate in the short-term if the price equals to or is greater than the average variable cost, but should shut down in the long term if the price is less than or equal to total cost. Here,

price = $8.10

avg variable cost = $8.00

avg total cost = $8.25

Mrs.Smith should continue to operate the business in the short run but shut down in the long run.

6 0
3 years ago
Read 2 more answers
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