10. To remove a director, the required number of votes is: Group of answer choices 25% of members 2/3 of members ¾ of members Majority members
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10. To remove a director, the required number of votes is:
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- do not give solution in image formatQ4- If you knew that the common practices in petroleum industry is as shown the figure below and you have appointed to manage this industry with a budget of one million dollars. How would you spend this amount of money? Injection for EOR Injection for disposal - Surface Discharge Evaporation Offsite Commercial Disposal Beneficial Reuse 38.9% 6.7% 0.6% 45.1%Required information The Foundational 15 (Algo) (LO9-1, LO9-2, LO9-3] [The following information applies to the questions displayed below] Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below: Revenue Employee salaries and wages Travel expenses Other expenses Fixed Element per Month $ 53,000 $32,000 Variable Element per Customer Served $5,400 $ 1,400 $750 Actual Total for May $ 203,000 $108,500 $ 27,700 $ 30,000 When preparing its planning budget the company estimated that it would serve 35 customers per month; however, during May the company actually served 40 customers. Foundational 9-9 (Algo) 9. What is Adger's other expenses spending variance for May? (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (i.e., zero…
- Question 5 The board of CLH agreed to close down two of its divisions, A and B, at its board meeting on 18 November 20X3. Detailed plans have been formalised for each division's dosure and these were approved by the board at this meeting. The current status of each of the closures is as follows: Division A Letters have been sent to customers warning them to seek an alternative source of supply and a redundancy programme was announced to all staff working in the division on 1 December. The expected costs of dosure are R2.5 million and this includes R450,000 for re-deploying staff to other divisions. Division B The directors want to deal with the closures one at a time and therefore no announcements have yet been made about the closure of division B. The directors are keen to minimise the effect that the dlosures will have on staff working in other divisions and have therefore decided to keep this closure quiet for the moment The expected costs of closure are R1.5 million. All staff are…Question 11, P1-5 (book/static) Identifying agency problems, costs, and resolutions You are the CEO of Nelson Corporation, and the current stock price is $27.80. Pollack Enterprises announced today that it intends to buy Nelson Corporation. To obtain all the stock of Nelson Corporation, Pollack Enterprises is willing to pay $38.60 per share. At a meeting with your management, you realize that the management is not happy with the offer and is against the takeover. Therefore, with the full support of your management team, you are fighting to prevent the takeover from Pollack Enterprises. Is the management of Nelson Corporation acting in the best interest of the Nelson Corporation stockholders? Explain your reasoning. Is the management of Nelson Corporation acting in the best interest of the Nelson Corporation stockholders? Explain your reasoning. (Choose all correct responses.) O A. If the management team believes that any other company will actually pay more than $38.60 to acquire the…st ↑ Ainsley Corporation has four operating divisions. The budgeted revenues and expenses for each division for 2020 follows: Closing down any division would result in savings of 40% of the fixed costs of that division. Top management is very concerned about the unprofitable divisions (A and B) and is considering closing them for the year. (Click to view the results of each division.) Read the requirements. Requirement 1. Calculate the increase or decrease in operating income if Ainsley closes division A. Begin by calculating Division A's contribution margin. Sales Contribution margin Requirements 1. Calculate the increase or decrease in operating income if Ainsley closes division A. Division A 2. Calculate the increase or decrease in operating income if Ainsley closes division B. 3. What other factors should the top management of Ainsley consider before making a decision? Print Done X Data table Sales Cost of goods sold Selling, general, and administrative expenses Operating…
- MS-24. Assessing the Financial Statement Effects of a Stock Split The following is taken from a Motley Fool article dated June 15, 2018, concerning Aflac Ins LO4 AFL Quacking about a split. Supplemental-insurance giant Aflac is best known for the white duck it has as its spokesperson, but the insurance products it provides to workers in the U.S. and Japan help millione get the coverage they need in areas that few insurance companies cover. Thats been a successful model, and the insurer has seen its share price rise substantially over the years. In February. Aflac announced that it would do a 2-for-1 split effective March 16, putting it in the form of a 100% stock dividend. CEO Daniel Amos celebrated the announcement, noting that "this is the ninth split of the company's common stock since listing on the NYSE in 1974 and the first in 17 years." Aflac pointed to improving liquidity as a key reason for the move. a. Aflac's common stock has a par value of $0.10. What adjustments will it…6.2 Refer to Problem 6.1. Assume that the three patient services departments are adult services, pediatric services, and other services. The patient services revenue and hours of housekeeping services for each department are as follows: Department Revenue Housekeeping Hours Adult Services $3,000,000 1,500 Pediatric Services 1,500,000 3,000 Other Services 500,000 Total $5,000,000 500 5,000 a. What is the dollar allocation to each patient services department if patient services revenue is used as the cost driver? b. What is the dollar allocation to each patient services department if hours of housekeeping support is used as the cost driver? c. What is the difference in the allocation to each department. between the two drivers? d. Which of the two drivers is better? Why?The shareholders of Tilbury Company have voted in favour of a buyout offer from Dover Corporation. Information about each firm is given here: Price/earnings ratio Shares outstanding Earnings Tilbury 16.00 96,000 $190,000 Dover 33 330,000 $950,000 Tilbury's shareholders will receive one share of Dover stock for every three shares they hold in Tilbury. (Do not leave any empty spaces; input a O wherever it is required.) a-1. What will the EPS of Dover be after the merger? (Round the final answer to 3 decimal places. Omit "$" sign in your response.) EPS a-2. What will the P/E ratio be if the NPV of the acquisition is zero? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) PE times b. What must Dover feel is the value of the synergy between these two firms? (Omit "$" sign in your response.) Synergy value $
- Please do not give solution in image format thankuCorporation Accounting The owners are desirous of comparing serval financial transactions and possible outcomes to assist in guiding their decision-making process. They assume that the company will be formed on January 1, 2020. In addition, E&B Comic Bookstore Company’s charter will authorize 1,200,000 shares of common stock (to be divided into two classes (700,000 shares class A -voting rights and 500,000 shares class B -nonvoting rights) and 400,000, $X par value (see info below), 5% cumulative preferred stock. They have asked each student from your accounting course to prepare the company’s journal entries and statement of owner’s equity based on the following information. Issued 60% shares of class A common stock. Stock has par value of 48 per share and was issued at $ 105 per share 2. Issued 60% shares of no-par class B stock at 98 3. Issued 20% shares of preferred stock at par value at $168 4. Exchanged 40% shares of class A common stock for…Exercise 14-29 (Algo) Compute RI and ROI (LO 14-2, 3) The Custodial Division of Clark's Corporate Services (CCS) has assets of $1.2 million. During the past year, the division had profits of $240,000. CCS has a cost of capital of 7.5 percent. Ignore taxes. Required: a. Compute the divisional ROI for the Custodial Division. b. Compute the divisional RI for the Custodial Division. Complete this question by entering your answers in the tabs below. Required A Required B Compute the divisional ROI for the Custodial Division. Divisional ROI %
