1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
weeeeeb [17]
3 years ago
5

An election is being held to fill three seats on the board of directors of a firm in which you hold stock. The company has 8,200

shares outstanding. If the election is conducted under cumulative voting and you own 430 shares, how many more shares must you buy to be assured of earning a seat on the board?
Business
1 answer:
Mademuasel [1]3 years ago
6 0

Answer:

1621 Shares

Explanation:

Calculation to determine how many more shares must you buy to be assured of earning a seat on the board

First step is to determine the shares needed

Shares needed = [1/4 (8,200) + 1]

Shares needed= 2050 + 1

Shares needed= 2051

Now let determine how many more shares must you buy

Buy =2051 -430

Buy= 1621 shares

Therefore how many more shares must you buy to be assured of earning a seat on the board will be 1621 Shares

You might be interested in
Chase believes that most of his subordinates dislike work and would avoid it if possible. He also believes that his employees ha
Mice21 [21]

Answer: Option B

                               

Explanation: In simple words, theory X refers to the type of management style under which the manager have a perception that his or her subordinates are incompetent employees with less motivation  and irresponsible nature.

These managers strictly monitors their subordinates and use aggressive style of management to get work done. Under such management style the delegation of authority and decentralization does not takes place.

Generally, the relationship of such managers with their subordinates are very formal and remains occupied within the firm. Under such management style all the employees have to work by following a predetermined framework and there is very less flexibility in the job.

5 0
3 years ago
The following amounts were selected from the production report of Chandon Corporation: Actual units in production 42,000 Equival
SpyIntel [72]

Answer:

Total cost is equal to $81300

So option (c) will be correct answer.

Explanation:

Actual unit of production = 42000

Cost of per equivalent material = $1.10

Equivalent cost of material = =42000\times1.1=46200$

Equivalent cost of labor = =39000\times 0.9=35100$

Therefore total cost of production = $46200+$35100 = $81300

So total cost will be $81300

Therefore option (c) is the correct answer

5 0
3 years ago
The legal system in the United States is based on _____.
Romashka-Z-Leto [24]
Common law is the answer hope this helps!
6 0
2 years ago
Faye’s bank charges her a $2.25 service fee every time she uses an out-of-network ATM. If Faye uses an out-of-network ATM twice
murzikaleks [220]

Answer:

d. $234.00

Explanation:

The computation of the service fees every year is shown below:

= Service fee × weekly charge method × total number of weeks in a year

= $2.25 × 2 × 52 weeks

= $234

Since we have to compute for the year so we multiplied all three above components. Moreover, it is given in the question that if Faye use out of network than the bank service charge will be double, so we multiplied it by 2

4 0
3 years ago
The company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales. Finished goods
Arada [10]

Answer: 4,375 units

Explanation:

The budgeted production for July will be;

= July sales + Ending inventory - Beginning inventory

Ending inventory = 25% * August sales =25% * 4,900 = 1,225

Budgeted production = 4,200 + 1,225 - 1050 = 4,375 units

3 0
3 years ago
Other questions:
  • 1. Swifty Corporation redeemed $132,200 face value, 11% bonds on June 30, 2020, at 107. The carrying value of the bonds at the r
    9·1 answer
  • The parenting style which takes the concerns of all family members into account when making decisions is __________. permissive
    8·1 answer
  • The amount of net income shown on a multi-step income statement will differ from the amount of net income shown on a single-step
    9·1 answer
  • Two different manufacturing processes are being considered for making a new product. The first process is less capital-intensive
    14·2 answers
  • In a market with positive​ externalities, A. the efficient level of production is less than what competition will obtain. B. the
    12·1 answer
  • What is an Exclusive Contract with a Real Estate Agent?
    10·1 answer
  • The Marshall Company has a process costing system. All materials are added when the process is first begun. At the beginning of
    8·1 answer
  • A company had the following information taken from various accounts at the end of the year:
    11·1 answer
  • he newspaper reported last week that Bennington Enterprises earned $34.03 million this year. The report also stated that the fir
    5·1 answer
  • The assembly line at the ice cream production facility used to have 20 workers. It now has 10 employees and 10 robots to do the
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!