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
sertanlavr [38]
3 years ago
14

You want a seat on the board of directors of Four Keys, Inc. The company has 265,000 shares of stock outstanding and the stock s

ells for $76 per share. There are currently 5 seats up for election. If the company uses cumulative voting, how many shares do you need to guarantee that you will be elected to the board
Business
1 answer:
Mila [183]3 years ago
5 0

Answer:

44,167.67 shares

Explanation:

Given that

Number of shares of stock outstanding = 265,000

Sale value per share of stock = $76

Number of seat for election = 5

So by considering the above information, the number of shares needed by using the cumulative voting is

= {shares outstanding ÷ (number of seats + 1) + 1}

= {(265,000 shares ÷ (5 +1) +1}

= 44,167.67 shares

You might be interested in
Consider two neighboring island countries called Euphoria and Contente. They each have 4 million labor hours available per week
liubo4ka [24]

Explanation:

here is an explanation and solution to your question

For Euphoria:

The opportunity cost of producing a unit of rye in terms of jeans =20/5 = 4

for contente:

The opportunity cost of producing a unit of rye in terms of jeans = 16/8 = 2

opportunity cost of producing 1 unit of jean in terms of unit of rye:

for euphoria = 5/20 = 1/4

for contente = 8/16 = 1/2

1.

Euphoria's opportunity cost of producing a a bushel of rye is 4 pairs of jeans.

contentes opportunity cost of producing a bushel of rye is 2 pairs of jeans.

2.

contente has comparative advantage in producing rye

euphoria has comparative advantage in jeans production

3

contente produces 8 bushels of rye so with 4 million hours of labor = 8x4 = 32 million bushels in a week.

euphoria 20 pairs of jean in a week, using 4 million hours of labor. 20x4 = 80 pairs of jean a week

8 0
3 years ago
High school definition of human resource management
telo118 [61]
The person in charge of staffing, employee payments/ benefits, and defining/ designing work<span />
7 0
3 years ago
The primary difference between variable costing and absorption costing is
IgorLugansk [536]

Answer:

The correct answer is letter "D": in absorption​ costing, fixed manufacturing overhead is a product cost.

Explanation:

Absorption costing or full costing includes all costs related to the production process like the fixed costs. Variable costing, on the other hand, only includes the variable costs from the production. Absorption costing incorporates allocating fixed overhead costs of each unit produced during a certain period.

4 0
3 years ago
The issuance of notes payable for borrowing is classified in the statement of cash flows as a(n): Multiple Choice Operating acti
Harman [31]

The transaction of the issuance of notes payable for borrowing will be classified in cash flows statement as a Financing activities.

Under the statement of Cash-flow, the financing activities section records all transactions that involves long-term liabilities, owner's equity etc.

  • Hence, the transaction of the issuance of notes payable for borrowing will be classified in cash flows statement as a Financing activities.

Therefore, the Option C is correct.

Read more about Cash-flow

<em>brainly.com/question/735261</em>

8 0
2 years ago
Oscar owns a building that is destroyed in a hurricane. His adjusted basis in the building before the hurricane is $130,000. His
Alinara [238K]

Answer: $132,000

Explanation:

Oscar's new basis on the building will be the basis of the old building plus any additional investment he added.

This is the because there is no gain on the $140,000 he received because it was an Involuntary Conversion amount and he reinvested it into another building within a period of 2 years.

As there is no gain, the building will retain it's original basis but will add any amount outside the involuntary replacement cost of the building.

The Additional basis will be,

= Cost of building - Insurance

= 142,000 - 140,000

= $2,000

The Basis for the new building is,

= 130,000 + 2,000

= $132,000

3 0
3 years ago
Other questions:
  • Snow blowers are sold in areas where there is a longer cold season and the likelihood of snow. the consumer market for snow blow
    14·1 answer
  • Method of Least Squares, Developing and Using the Cost Formula The method of least squares was used to develop a cost equation t
    9·1 answer
  • If the demand curve is very elastic and the supply curve is very inelastic in a market, then the sellers will bear a greater bur
    6·1 answer
  • The following information pertains to Trenton Glass Works for the year just ended. Budgeted direct-labor cost: 70,000 hours (pra
    12·1 answer
  • Alpha Company sold goods to customers who used Under-the-Hill bank credit cards. Credit card sales on July 8, 2016 amounted to $
    6·1 answer
  • Contingent liabilities must be recorded if: Multiple Choice The future event is probable and the amount owed can be reasonably e
    5·1 answer
  • Freeman, Inc., reported net income of $40,000 for 20A. The income tax return excluded a revenue item of $3,000 (reported on the
    15·1 answer
  • Discuss the importance of innovation in the survival and success of a business. Include three strategies that you, as an entrepr
    11·1 answer
  • The risk-free rate is 2.4% and the market expected return is 12.1%. What is the expected return of a stock that has a beta of .8
    12·1 answer
  • Differentiate between the scheduling techniques known as CPM and PERT
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!