Answer: Stockholders have the right to elect the firm's directors, who in turn select the officers who manage the business. If stockholders are dissatisfied with management's performance, an outside group may ask the stockholders to vote for it in an effort to take control of the business. This action is called a tender offer.
Explanation:
Tender offer refers to a bid to buy the stock of a shareholder in a corporation. These are usually made public and the shareholders are invited to sell their shares at a given price and a particular period of time.
The statement that "Stockholders have the right to elect the firm's directors, who in turn select the officers who manage the business. If stockholders are dissatisfied with management's performance, an outside group may ask the stockholders to vote for it in an effort to take control of the business. This action is called a tender offer" is incorrect.
Even though the stockholders can vote and choose the board of directors, the information given in tender offer is wrong.
Answer:
$85,050
Explanation:
The material handling cost of Merone Company is allocated on the basis of direct labor hours.
Expected Total direct labor-hours (710 labor hour per unit * 5,100 units produced + 210 labor hour per unit * 8,100 units produced
= 3,621,000 + 1,701,000
Total Expected direct labor hours = 5,322,000
Material handling cost per labor hour: $266,100 / 5322000 labor hours
= $0.05 per labor hour
$0.05 per labor hour * 1,701,000 labor hours of Prefab Brans
= $85,050
Answer:
See below.
Explanation:
Amount Borrowed = Shares * Price * (1-Initial Margin)
900*90*(1-0.65) =81000*28350 = $28,350
Answer = $ 28,350 (D)
Your answer should be C. Hope this helps!
