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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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Hannah Roberts owns and operates Hannah's Pool Service Company. On January 1, Hannah Roberts, Capital had a balance of $309,170.
Delicious77 [7]

Answer:

                  Hannah's Pool Service Company

Statement of owner equity for the year ended December 31

               Particulars                                Amount

Capital (January 1)                                              $309,170

Investment during the year       $22,040

Net Income                                 $55,080

Withdrawals during the year     (-<u>$39,010</u>)

Increase in the owner equity                              <u>$38,110</u>

Capital (December 31)                                       <u>$347.280</u>

<u>Workings</u>

a. Increase in the owner equity = Investment during the year + Net income - withdrawal during the year

=$22040+$55080 -$39010

=$38110

b. Capital (December 31) = Capital on January 1 + Increase in owner equity

=$309170 +$38110

=$347280

8 0
3 years ago
A three-person committee has to choose a winner for a national art prize. After some debate, there are three candidates still un
andre [41]

Explanation:

The preference committee members are as follows:

Member 1 prefers a to b and b to c

Member 2 prefers c to a and a to b

Member 3 prefers b to c and c to a

The order of this problem can be solved:

Preference for 1, 2 and 3 are as below:

1. a then b then c

2. c then a then b

3. b then c then

Member 1 knowing advantage , will always disagree with 2 and 3 so that he can win when it comes to vote

So, 2 and 3 in order to win , will have to cooperate with each other.

As we can see that the least suitable option according to Member 2 and Member 3 are b and a respectively. Therefore they would not consider supporting either b or a.

So the possible option of Member 2 and Member 3 supporting will be C.

Therefore both 2 and 3 will agree on C.

The predicted outcome of the game is C.

5 0
3 years ago
When merchandise sold is assumed to be in the order in which the purchases were made, the company is using a.last-in, first-out
klasskru [66]

Answer:

The correct answer is letter "D": first-in, first-out.

Explanation:

A business using the first-in, first-out (FIFO) inventory valuation approach must sell, use or dispose first of all the products it produced or acquired. According to the FIFO process, the most recent assets purchased or generated are those that remain in inventory. Older stock is first removed from inventory.

6 0
3 years ago
The average cost of a single sales call to a potential b2b buyer in the u.s. is expensive and could cost about:
Colt1911 [192]
<span>A single sales call to a potential B2B buyer in the United States could cost about $400. A B2B sales call is a business to business sales call. The closing of a sale can be hit or miss, but it is said that any contact with the buyer can be helpful later.</span>
5 0
3 years ago
Project Q has an initial cost of $257,412 and projected cash flows of $123,300 in Year 1 and $180,300 in Year 2. Project R has a
ss7ja [257]

Answer:

b) Accept Project R and reject Project Q

Explanation:

We can use the following method to solve the given problem in the question

We are given

Project Q: Initial Cost = $ 257,412

Projected Cash Flows: Yr 1 : $ 123,300 Yr 2 : $ 180,300

Total Present Value of all the Future Cash Flows using 12.2% as Rate of Return

= 123,300/1.122 + 180,300/(1.122*1.122)

= 109,893 + 143,222

= $ 253,115

Profitability Index = Total Present Values of all Cash Inflows / Initial Investment

= 253,115 / 257142 = 0.98

Since the Initial Investment is greater than the Present Value of Cash Inflows, that is, l Profitability Index < 0 the Project should not be selected.

Project R: Initial Cost = $ 345,000

Projected Cash Flows: Yr 1 : $ 184,500 Yr 2 : $ 230,600

Total Present Value of all the Future Cash Flows using 12.2% as Rate of Return

= 184,500/1.122 + 230,600/(1.122*1.122)

= 164,438.5 + 183,178

= $ 347,616.5

Profitability Index = Total Present Values of all Cash Inflows / Initial Investment

= 347,616.5 / 345,000 = 1.01

Since the Initial Investment is lower that the Present Value of the Cash Inflows, that is, Profitability Index > 0 the Project should be selected.

Accept Project R and Reject Project Q, so option B is the correct answer

8 0
3 years ago
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