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ArbitrLikvidat [17]
3 years ago
10

A company has two open seats, Seat A and Seat B, on its board of directors. There are 6 candidates vying for these 2 positions.

There will be a single election to determine the winner of both open seats. As the owner of 100 shares of stock, you will receive one vote per share for each open seat. You decide to cast all 200 of your votes for a single candidate. What is this type of voting called?
a. democratic
b. cumulative
c. straight
d. deferred
e. proxy
Business
1 answer:
Jet001 [13]3 years ago
5 0

Answer:

b. cumulative

Explanation:

Cumulative voting is a type of voting in which more than one vote is placed to the desired candidate. The voters possess the right to extend more than one vote. All the votes in the hand of the voter can be entitled to any particular candidate as decided by the voter.  

In the given situation, cumulative voting system has been used. The voter gives all the 200 votes to the single candidate.

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During the period 1990–1998 there were 46 atlantic hurricanes, of which 19 struck the united states. during the period 1999–2006
Gelneren [198K]

Answer:

Option C is correct.

Explanation:

7 0
3 years ago
If total revenue goes up when the price falls, demand is said to: be price unit-elastic. have positive price elasticity. be pric
Sholpan [36]
The answer to this item is letter <em>C. PRICE ELASTIC. </em>

The price elastic demand as stated in this given corresponds to the increase or rise in the total revenue when the price is brought down or decreased. This is indicated by the PED (price elasticity of demand).

The total revenue is calculated by multiplying the total items, good, or services sold by the unit price. For the demand which is price elastic, the decrease in the price will cause a higher raise in the number of customer vying for the products and services. 
7 0
3 years ago
In Ireland, a pint of beer costs 2.2 Irish pounds. In Australia, a point of beer costs 4 Australian dollars. If the nominal exch
AnnZ [28]

Answer:

.91 pints of irish beer per pint of Australian beer

Explanation:

As we know that

The exchange rate of

1 AUD = 0.5 pound

Now

In Ireland, 1 beer cost = 2.2 pound

And, in Australia, 1 beer cost = 4 AUD

As 1 AUD = 0.5 pound

so 4 AUD is

= 0.5 × 4

= 2

Now the exchange rate is

= 4 AUD beer cost ÷ 1 beer cost in Ireland

= 2 ÷ 2.2

= 0.91

hence, the real exchange rate is 0.91

7 0
3 years ago
Identify the importance of accounting by selecting the statement that is correct below. Multiple choice question. Accounting inf
Zielflug [23.3K]

Answer:

Accounting information helps users make business and financial decisions.

Explanation:

Users of accounting information are divided into :

  1. Internal users
  2. External users

Internal users include : owners, managers, employees

External users include : shareholders, tax authority, regulatory bodies

Based on the information contained in the financial information a shareholder can decide if to invest in a company or not to.

Also, mangers can decide to invest in new ventures based on the information on profitability contained in the financial statements.

6 0
3 years ago
Prepare the December 31 adjusting entries for the following transactions with JE explanations. 1. Fees accrued but not billed, $
disa [49]

Answer:

Adjusting Entries

    Date                 Description                         Debit       Credit

1.  December 31    Fees Revenue                  $6,300

                             Account Receivable                        $6300

2. December 31    Supplies Expense            $3,790

                             Supplies Inventory                          $3,790

3. December 31    Wages Expense               $2,700

                             Wages Payable                               $2,700

4. December 31    Depreciation Expense     $1,650

                             Accumulated Depreciation             $1,650

   December 31    Rent Expense                   $10,800

                             Prepaid Rent                                    $10,800

Explanation:

Supplies Expense = $4,750 - $960 = $3,790

Rent expired term is considered as there is a prepaid rent balance of $10,800

3 0
3 years ago
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