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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

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Anna11 [10]

Answer:

Decrease in Net operating income ($30,000)

Explanation:

The computation of the change in net operating income is shown below:

Particulars                        Rubber Division

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We simply deduct the traceable fixed cost from the loss of contribution margin so that the change in net operating income could come

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3 years ago
What is a bank? How does a bank differ from most<br> other financial-service providers?
Liono4ka [1.6K]

<u><em>SIMPLY: </em></u>

<em>ANSWER</em>:

<u>Though a bank in itself is a financial institution, it differs from other financial institutions by a significant extent. The most prominent difference is the fact that they provide the facility of depositing cash by resorting to savings account―something which the non-banking financial institutions are not entitled to do</u>

<u>Difference between Banks and Financial institutions</u>

<em>It is a tough task to compare the two as there exist several financial institutions, and each of these differ from banks by a significant extent. Differentiating between banks and financial institutions is as good as comparing a deposit-taking financial institution with a non-deposit-taking financial institution. </em>

<em> </em>

<em>If that criteria is taken into consideration both financial set-ups differ from each other on the basis of depositing facility, which is only provided by banking institutions. That’s true to a certain extent, but it is by no means complete. </em>

<em>Even though banks are deposit-taking financial institutions themselves, they can at times differ from other deposit-taking financial institutions. Credit unions, for instance, allow consumers to deposit (or borrow) money, but in order to avail this facility, you need to be a member of the said credit union. </em>

6 0
3 years ago
Intangible assets that are currently reported on the balance sheet​ include: A. organizational culture. B. the cost of a patent
dimaraw [331]

Answer:

B. the cost of a patent giving exclusive rights to a process

Explanation:

Intangible assets are simply assets that cannot be touched physically. Unlike tangible assets, intangible assets are pretty much or rather relatively more difficult to estimate or evaluate. It may include patents, trade name, brand name, copyrights and so on. Intangible assets recorded on balance sheet include cost of patents giving exclusive rights to a process.

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4 years ago
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Conducting an inaccurate self-assessment can lead you to work at a job that you do not enjoy.
tatuchka [14]
True because c<span>onducting an inaccurate self-assessment is the main key to working a bad job.</span>
4 0
3 years ago
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Suppose you won $15 on a lotto ticket at the local 7-Eleven and decided to spend all the winnings on candy bars and bags of pean
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Answer:

a)

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0                         10

b)

I attached the budget line graph

 

5 0
3 years ago
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