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Sindrei [870]
2 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]2 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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Answer:

b. ​Continue operating as the firm is covering all the variable costs and some of the fixed costs

Explanation:

A firm should shutdown operations if its price is less than average variable cost.

The price the firm sells is $15

Average variable cost is $10.

Price is greater than average variable cost in excess of $5.

The $5 covers some of the average fixed cost.

I hope my answer helps you

7 0
3 years ago
Assume an organization's current service level on order fill is as follows:
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Answer:

Answer for the question:

Assume an organization's current service level on order fill is as follows:

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is given in the attachment.

Explanation:

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3 years ago
An agreement to purchase goods and services with a specified percentage of proceeds from an original sale in that country from a
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3 years ago
Which statement best describes payday leaders and pawnbrokers?
miv72 [106K]
C: They charge extremely high interest rates.
6 0
3 years ago
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The corporate IT manager wants you to implement a process that separates corporate apps from personal apps on mobile devices. Wh
GarryVolchara [31]

Answer:

1. Sandboxing

2. Containerization

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