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Dovator [93]
2 years ago
13

Suppose a firm has 15 million shares of common stock outstanding and six candidates are up for election to five seats on the boa

rd of directors.
a.
If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure election of one member to the board?



Minimum number of votes


b.
If the firm uses straight voting to elect its board, what is the minimum number of votes needed to ensure election of one member to the board?
Business
1 answer:
jasenka [17]2 years ago
8 0

Answer:

Consider the following calculations

Explanation:

a.) Under cumulative voting scenario,

Total number of votes available = Common Shares Outstanding × No of directors

                                            = 15 x 5 million

                                            = 75 million

As there are six candidates for the five board positions, the five candidates with highest number of votes will be elected to the board and the candidate with the least total votes will not be elected.

Minimum votes needed to ensure election =1/6 x 75 million + 1 vote to break any ties

                                                              = 12,500,001 votes

If one candidate receives 12,500,001 votes, the leftover is total 62,499,999 votes.

No matter how these votes are spread over the remaining 5 director candidates, it is impossible for each of the 5 to receive more than 12,500,001. This would require more than 5 × 12,500,001 votes, or more than the remaining 62,499,999 votes.

b.) Now, in case of straight voting,

Vote on board of directors occurs one director at a time.

=> Number of votes eligible for each director = Number of Shares Outstanding = 15,000,000

Minimum number of votes needed to ensure election is through simple majority i.e. = 15,000,000/2 + 1 = 7,500,001 votes

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Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics
jeka57 [31]

Answer:

The correct answers are:

A) The effects of the Internet on the pricing of used cars.  (Microeconomics)

B) The effect of government regulation on a monopolist's production decisions . (Microeconomics)

C) The effects of government tax policy on long-term economic growth. (Macroeconomics)

Explanation:

The field of economics is usually broken down into two broad categories: Microeconomics and Macroeconomics. The goal of all economics is to analyze the production and consumption of finite resources like oil, wheat, capital or even labor. Microeconomics observes these issues from an individual or business perspective. Macroeconomics looks at the issues from the perspective of the country as a whole, and the policies affecting the economy. Thus:

A) The effects of the Internet on the pricing of used cars. (Microeconomics)

B) The effect of government regulation on a monopolist's production decisions. (Microeconomics)

C) The effects of government tax policy on long-term economic growth (Macroeconomics)

3 0
2 years ago
Suppose that the organic-produce industry is composed of a large number of small firms. In recent
masha68 [24]

Answer:

The correct answer is option d.

Explanation:

An industry is comprised of a large number of small firms.  

Because of losses, many firms have left the industry.  

This will cause the industry supply to decline.  

The industry supply curve will move to the left.  

The new supply curve will intersect the demand curve at a higher point.

This leftward shift in the supply curve will cause the equilibrium price to increase and equilibrium quantity to decline.

3 0
2 years ago
If patricia were to paint her living room alone, it would take 4 hours. her sister naomi could do the job in 5 hours. how long w
Mila [183]

Practicia completes the job in one hour = 1/4

Naoimi completes the job in one hour = 1/5

If Parcticia and Naoimi does it together,let us suppose in x number of hours.

The equation so form is:

(1/4)*x + (1/6)*x = 1 (i.e job finished)

The Least common multiple(LCM) of 4 and 6 = 12

12*(1/4)*x + 12*(1/6)*x = 12*1

Therefore, solving the equation we get,

3x + 2x = 12

5x = 12

x = 12/5

x= 2 2/5 hours or 2.24 hours

Therefore number of hours they took to complete the work is 2 hours and 24 minutes or 2.24 hours.

4 0
2 years ago
Providing incentives for enterprise social network adoption and use is under the ________ best practice.
V125BC [204]

Providing incentives for enterprise social network adoption and use is under the strategy best practice.

<h3>What is enterprise social network?</h3>

Enterprise social networking refers to an organization's use of social media (internally and externally), to connect individuals who share similar business ideas.

Examples of enterprise social network include:

  • IBM's Connections
  • Cisco's Webex Social

Hence, providing incentives for enterprise social network adoption and use is under the strategy best practice.

Learn more about enterprise social network here brainly.com/question/20115584

6 0
1 year ago
Creative Camera Co. sold equipment with a cost of $ 18 comma 000 and accumulated depreciation of $ 9 comma 000 for an amount tha
umka2103 [35]

Answer:

d. Some other amount - $11,000

Explanation:

Investing activities: It records those activities which include purchase and sale of the long term assets . The purchase of long term assets is an outflow of cash and the sale of long term assets is an inflow of cash

The computation of the sale of plant assets is shown below:

= Sale value  of equipment - accumulated depreciation + gain on sale of equipment

= $18,000 - $9,000 + $2,000

= $11,000

4 0
3 years ago
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