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
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

You might be interested in
Banc Corp. Trust is considering either a bankwide overhead rate or department overhead rates to allocate $396,000 of indirect co
joja [24]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Estimated overhead= $396,000

Department:

Consumer= 700

Commercia= 300

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 396,000/1,000= $396 per loan processed.

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 396*300= $118,800

4 0
3 years ago
Zoey Bella Company has a payroll of $9,440 for a five-day workweek. Its employees are paid each Friday for the five-day workweek
Ratling [72]

Answer:

Dr Salaries expense $7,552

Cr Accrued salaries $7,552

Being entries to record salaries payable as at year end

Explanation:

When an expense is incurred but yet to be paid by an organization, the entries required are

Dr Expense (p/l)

Cr Accrued expense (B/s)

when payment is made

Dr Accrued expense (B/s)

Cr Cash account

Given that Zoey Bella Company has a payroll of $9,440 for a five-day workweek and the year ends on a Thursday. As such, the company  as at 31 December has incurred salaries for 4 days. This has to be accrued for but first to calculate the amount

= 4/5 * $9,440

= $7,552

Hence adjusting entry required on December 31, assuming the year ends on a Thursday

Dr Salaries expense $7,552

Cr Accrued salaries $7,552

Being entries to record salaries payable as at year end

7 0
3 years ago
At the beginning of the year, Infodeo established its predetermined overhead rate for movies produced during the year by using t
SVETLANKA909090 [29]

Answer:where are the number of hours ?

Explanation:normally without the direct labour hourly rate u can't calculate the direct labour cost

8 0
3 years ago
Name two arguments that support international trade.
sergij07 [2.7K]
(Two arguments that support IT) - 1: people will still continuing to vote or trade other countries, 2: people will get good wages with their trades. (Two arguments that do not support IT) - 1: upon their trades, they will get high taxes, 2: some people trades that was stolen from the society. In my opinion the world and the USA are usually similar, in fact USA will eventually hated the IT because the Russians and its friends and at Middle East still continuing and make an agreement to other neighbor countries and the worst part they are still continuing trading weapons, or parts of the nuclear weapon.
7 0
3 years ago
Read 2 more answers
Corporate social responsibility: Group of answer choices
Misha Larkins [42]

Answer:

Letter e is correct.<em> Extends beyond ethics to include community, environment, and human rights</em>

Explanation:

Corporate social responsibility refers to the voluntary commitment that companies have to make a contribution to the development of the society in which it operates, in addition to reducing its environmental impacts and ensuring the preservation of human rights. This is when the company implements beneficial actions that exceed those required by law.

In a globalized world, there is legal pressure from consumers, institutions, NGOs and the media to make companies not only profitable but also voluntary contributors to building a more egalitarian society.

The benefits added to companies that practice corporate social responsibility are diverse, with emphasis on improving community value and improving stakeholder satisfaction and perception.

5 0
3 years ago
Other questions:
  • Suppose Stark Ltd. just issued a dividend of $1.59 per share on its common stock. The company paid dividends of $1.25, $1.33, $1
    11·1 answer
  • The Fisher Effect has all of the following components, except: (A) Compensation for Inflation on Investment Earned(B) Compensati
    12·1 answer
  • When starting a new job, the form you complete to determine how much tax to withhold from your paycheck is called the _______.
    12·1 answer
  • Which statement is true? A. A diverse workplace can cause people to become prejudiced. B. Cultural barriers can pose a challenge
    15·2 answers
  • Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000.
    6·1 answer
  • ​Fisher's Furniture Store sells ​$900 comma 000 worth of furniture to customers on credit each month. The Accounts Receivable ba
    11·1 answer
  • Pacific Cruise Lines is a defendant in litigation involving a swimming accident on one of its three cruise ships.Required:1. The
    10·1 answer
  • 11111111111111111111111
    6·1 answer
  • Value is the cash value of an investment at some time in the.
    6·1 answer
  • With _____________ demand the price changes, but the amount purchased remains the same.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!