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
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X = minimum number of shares that must be owned = ?
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S = total outstanding shares = 10,000,000
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N = number of directors we want to elect = 1
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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.
Answer:
Year 1 : $20000
Year 2 : $460000
Explanation:
Year 1 calculation:
120000-20000/50000*10000 =$20000
Year 2 calculation:
120000-20000/50000*23000=$46000
Answer:
The firm's output prices will increase, because will the firm can quickly adjusts the prices of goods to the new price level of 110, it will not have to do so with wages, since wages are fixed by a year contract.
This will result in comparatively lower labor costs with higher prices at the same time, which will likely result in more economic and accounting profit for the firm.
The opposite effect will be felt by workers, whose wage is not keeping up with inflation, meaning that their income is losing purchasing power.
Answer:
d.select the unlevered option since the expected EBIT is less than the break-even level
Explanation:
Unlevered option comprises of more equity than the debt, and is thus less risky. While an option leveraged is even more debt than equity, which brings additional risk. Since the estimated EBIT is below the break-even point, it would be safer to go for an unlevered (less riskier) option.
Hence, the correct option is d.
Answer:
Montoya's taxable income = $2050
Explanation:
given data
received corporate bond = $2,350
received savings account = $750
to find out
Montoya's taxable income
solution
first we get here interest income that is
interest income = received corporate bond + received corporate bond
interest income = $2350 + $750
interest income = $3100
and we know that here standard deduction for dependent person tax return is = $1050
so here Montoya's taxable income will be
Montoya's taxable income = $3100 - $1050
Montoya's taxable income = $2050
