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2 years ago

I’ll mark the best one with 20 points !

Business

1 answer:

bonufazy [111]2 years ago

5 0

Answer: rotate the bottom to the right, top to bottom and right to top

Explanation:

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Camm corp. has 10,000,000 common shares outstanding. its four directors are elected by cumulative voting. to elect one director,

Oksanka [162]

Answer:

2,000,001 shares

Explanation:

To solve this question, we need to use the cumulative voting formula:

X = [(S x N) / (D + 1)] + 1

X = minimum number of shares that must be owned = ?
S = total outstanding shares = 10,000,000
N = number of directors we want to elect = 1
D = total number of directors to be elected = 4

X = [(10,000,000 x 1) / (4 + 1)] + 1 = (10,000,000 / 5) + 1 = 2,000,001

There are two voting procedures used to elect the members of a board of directors: the straight voting method and the cumulative voting method.

The straight voting method favors majority stockholders since they receive one vote per stock per open seat which means that someone that has 50% plus 1 stock can actually get all the board members elected.
Cumulative voting system assigns one vote per stock for the whole election, that means that a board member could be elected with 20% plus 1 vote. This voting system favors minority shareholders since someone with 50% plus 1 vote could only get 2 members elected by himself/herself.

3 0

3 years ago

Which of the following is INCORRECT about a corrective tax? Select one: a. The tax is equal to the marginal damage from pollutio

eduard

Answer:

The answer is letter "C": Producer surplus and consumer surplus will increase because the market becomes more efficient.

Explanation:

Named after English economist Arthur C. Pigou (1877-1959), the Pigovian Tax or corrective tax is a fine imposed against taxpayers for being part of activities that generate negative side effects. According to Pigou, these externalities play a negative role in the market to reach equilibrium.

It is true that the corrective tax encourages market efficiency but it doesn't imply the tax will lead to producer or consumer surplus, since those are actually influenced by basic supply and demand laws, making option "C" a false statement.

4 0

3 years ago

The Jennings Group reacquired 3 million of its shares at $76 per share as treasury stock. Last year, for the first time, Jenning

ra1l [238]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

Download xlsx

3 0

3 years ago

Intertech corporation recorded pretax restructuring charges of $1033.5 million in 2017. The charges consisted of asset write-dow

frutty [35]

Answer:

D) $244.5 million

Explanation:

To calculate the amount of money associated at the end of the year with this restructuring charges we can add the following costs:

= employee severance costs + costs associated with exit activities - cash paid during 2017

= $252.5 million + $99 million - $108 million = $244.5 million

6 0

3 years ago

GS Cookie Co. forecasts cash receipts for January and February of $18,000 and $20,000, with cash payments of $6,000 and $8,000,

Tanzania [10]

Answer:

It can pay 12,000 on January and the 3,00 left infebruary therefore; it will pay all his credit line within this two months.

Explanation:

January February

beginning cash $ 5,000 $ 5,000

receipts $18,000 $ 20,000

disbursement $(6,000) $ (8,000)

subtotal $17,000 $ 17,000

minimun $5,000 $ 5,000

<u>Financing </u>

beginning $15,000 $ 3,000

payment/loan $(12,000) $(3,000)

ending $ 3,000 $-

Ending Cash: $5,000 $14,000

5 0

3 years ago