Ray is a shareholder of a small company. When the director falls to undertake an action it falls under derivative suit.
Explanation:
- Derivative suit is referred to as a law suit that is brought by the shareholder in behalf of the company against the third party.
- If in a company the employees, the directors as well as the officers are not ready to file a complain against the third party then the shareholder has the right to file a complaint against the third party.
- Derivative suit is normally filed by the shareholder when there is a mismanagement in the company. To stop the illegal work this action is being taken.
Answer:
Book value par common share will be $19.6
Explanation:
We have given number of preferred stock = 1000
Value of preferred stock = $10 par preferred stock
So preferred Stock = 1000 x $10 = $10000
Total Stockholder's equity = $500000
Thus Common stock value = $500000 - $10000 = $490000
Total number of common stock = 25000 shares
So the book value per common share is = 
Answer:
1) 2 minutes
2) 7 minutes
3) Zero ( 0 ) minutes
4) yes
5) zero ( 0 ) minutes
Explanation:
1) Time required to serve
= 2 minutes
2) The operator will begin processing the fourth customer at 7 minutes
3) The fifth customer will wait in line for zero ( 0 ) minutes
4) Yes the sixth customer will get served right away
5) The average waiting time for the 6 simulated customers is Zero ( 0 )
Attached below is the simulation of the six arrivals
Answer:
D. Spending more money than you have in your account
Explanation:
An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. In this situation the account is said to be "overdrawn".