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Black_prince [1.1K]
3 years ago
13

The shareholders of the Stackhouse Company need to elect seven new directors. There are 850,000 shares outstanding currently tra

ding at $45 per share. You would like to serve on the board of directors; unfortunately no one else will be voting for you. How much will it cost you to be certain that you can be elected if the company uses straight voting
Business
1 answer:
Talja [164]3 years ago
6 0

Answer:

The correct answer is "$19,125,045".

Explanation:

According to the question,

Number of shares,

= 850,000

Per share,

= $45

The shares needed will be:

= (\frac{850,000}{2})+1

= 425000+1

= 425,001

hence,

The total cost will be:

= 425,001\times 45

= 19,125,045 ($)

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Tool Manufacturing has an expected EBIT of $72,000 in perpetuity and a tax rate of 24 percent. The company has $128,500 in outst
harkovskaia [24]

Answer:

The value of the company according to MM Proposition I with taxes is $528294.55

Explanation:

value of unlevered firm  = EBIT(1-T)/Ru

                                        = 72000*(1 - 24%)/11%  

                                       = 497454.55

value of levered firm = 497454.55 + 128500*0.24

                                   = $528294.55

Therefore, The value of the company according to MM Proposition I with taxes is $528294.55

4 0
4 years ago
Assume the following data concerning a purchase of merchandise by Icon Co. on April 2:
Eduardwww [97]

The purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.

<h3>What is the purchase amount to be recorded?</h3>

The purchase amount that should be recorded on the date of purchase is the amount of the transaction.  This does not take into account the return and discount which happened later.

This implies that Icon Co. will reduce the purchase amount on April 4 when half of the goods were returned with a contra entry.  And discount will be based on the balance of $2,000 instead of $4,000.

<h3>Data and Calculations:</h3>

Purchase on April 2 = $4,000

Purchases Return on April 4 = $2,000

Thus, the purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.

Learn more about recording credit purchases at brainly.com/question/5651500

6 0
2 years ago
1. Shareholders must approve any corporate decision that would cost more than $10,000. a. True b. False 2. A corporation must no
Lemur [1.5K]

Answer:

Please find the detailed answer below

Explanation:

1. False. Shareholders dont approve operational or tactical corporate decision. Some of the decisions that shareholders approve are:

Appointment of auditors (if there are any)

Appointment or re-appointment of directors.

Removal of a director or the auditor etc.

2. Companies must notify shareholders at least 10 days before the Annual General Meeting date.

3. This is known as proxy solicits

4. A QUORUM must be present, either in person or through proxies

5. Only persons whose names appear on the company's stockholder records as owners are entitled to vote

3 0
3 years ago
Deana was asked to provide information to support her friend, Toby who was denied a reasonable accommodation based on a disabili
Elan Coil [88]

Answer: D. Toby was ultimately found to be disabled under the ADA, and entitled to reasonable accommodation

Explanation:

The options are

A.she testified on behalf of Toby

B) the employer retaliation (her demotion) was related to her testimony on Toby's behalf

C) Toby was ultimately found to be disabled under the ADA, and entitled to reasonable accommodation

D) she was demoted

Deana must be able to show all of the above except for

Toby was ultimately found to be disabled under the ADA, and entitled to reasonable accommodation.

6 0
4 years ago
Read 2 more answers
The severity of an electrical shock is dependant upon what three things?
Rina8888 [55]
1 thing is the amount of electric conductors around it
8 0
4 years ago
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