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Sindrei [870]
3 years ago
7

Raul wants to join the directors of World Trade but currently owns no shares in the company. He knows that no one else will help

elect him. Assume there are 46,000 shares outstanding at a market price of $12.80 a share. What is the minimum amount Raul must spend to acquire a seat on the board of directors if there are three open seats and straight voting applies?
Business
1 answer:
erica [24]3 years ago
7 0

Answer:

$294,412.8

Explanation:

In order to obtain a seat on the board of directors, Raul must hold more than 50 percent of the total number of outstanding shares if there are three open seats and straight voting occurs.

Total number of shares required = (46,000 ÷ 2) + 1

= 23000 + 1

= 23,001 shares

Market price of share = $ 12.80

Total amount = Total number of shares required × Market price of share

= 23,001 × $ 12.80

= $294,412.8

The amount Raul wants to invest on obtaining a seat on board of directors is $294,412.8

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Nieland Industries has two production departments: Fabricating and Finishing. Beginning inventories are: Work in Process—Fabrica
irina [24]

Answer:

Explanation:

1 Dr Raw Materials Inventory 40,000  

           Cr Accounts Payable  40,000

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3 Dr Manufacturing Overhead 35,000  

       Dr Accounts Payable  5,000

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4 Dr Work in Process—Fabricating 10,000  

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5 Dr Work in Process—Fabricating 13,000  

       Dr Work in Process—Finishing 52,000  

           Cr Factory Labor  65,000

6 Dr Work in Process—Fabricating 10,000  

       Dr Work in Process—Finishing 20,000  

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5 0
3 years ago
The prevailing budget philosophy prior to Keynes called for a balanced budget. Keynes argued that the government should not bala
shepuryov [24]

The period which <em>Keynes argued</em> that the government should not balance its budget but instead have budget DEFICITS was during:

  • <u>D. Economic recessions.</u>

According to the given question, we are asked to show the period which <em>Keynes argued</em> that the government should not balance its budget but instead have budget DEFICITS.

As a result, we can see that Keynes, one of the fathers of economics stated that it was <em>important</em> for the government to have budget deficits so that they could adequately navigate through the economic recessions at that periiod.

Therefore, the correct answer is option D

Read more about Keynesian Economics here:

brainly.com/question/14223529

4 0
2 years ago
When is the best time to take an out of state college visit
antiseptic1488 [7]
The best time to do it is during a Holiday or break from school during your junior or senior year so you don’t miss class and you can take your time to truly see the campus
8 0
3 years ago
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Suppose that a new government is elected in Lawrencia. The new government takes steps toward improving the court system and redu
Ludmilka [50]

Answer:

The correct answer is option A

a. Raise real GDP per person and productivity in Lawrencia

Explanation:

GDP per capita shows the GDP per person in a country and is calculated as GDP/population.

A high GDP per capita shows the progress and productivity of the country. Therefore for a long lasting effect in Lawrencia, the GDP per person will increase progressively as well as productivity.

6 0
3 years ago
A tremendous flood along the Mississippi River destroys thousands of factories, reducing the nation's capital stock by 5%. What
motikmotik

Answer:

Both employment and the real wage rate would decrease

Explanation:

Given that the capital stock of a nation or country jas a direct impact on such country in terms of savings and investments which directly translates to additional.economic development.

Hence, in this case, when a tremendous flood along the Mississippi River destroys thousands of factories, reducing the nation's capital stock by 5%. What happens to current employment and the real wage rate is that "Both employment and the real wage rate would decrease"

This because there won't be adequate money available to create more employment. And with lease employment opportunities than the available labor, the real wage rate tends to decrease over time.

4 0
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