Ms. Meyers wishes to know how many shares are necessary to elect 3 directors out of9 directors up for election in the Austin Power Company. There are 88,000 sharesoutstanding.Note: Do not round intermediate calculations.> Answer is complete but not entirely correct.Number of shares264,000 x

GIVEN:No. of Directors to elect= 3Total No of Directors seat=9Shares Outstanding= 88,000Formula to…

Answered: Ms. Meyers wishes to know how many…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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You want a seat on the board of directors of Four Keys, Incorporated. The company has 220, 000 shares of stock outstanding and the stock sells for $69 per share. There are currently 5 seats up for election. If the company uses cumulative voting, how many shares do you need to guarantee that you will be elected to the board? Multiple Choice 33,001 shares 73,334 shares 110,001 shares 36,668 shares 44,000 shares
Mr. Meyers wishes to know how many shares are necessary to elect 3 directors out of 11 directors up for election in the Austin Power Company. There are 83,000 shares outstanding. (Do not round intermediate calculations.)
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
Wolfgang issue shares via installment. On 1st June they issue a prospectus to potential investors advertising that they will sell $2,500,000 worth of shares at $1 each. Payable $0.30 on application, $0.30 on allotment, and $0.20 on call. By 15th September, the applications are all received, and 2,900,000 share applications were received. On 30th September, Wolfgang decide to refund excess applications. What journal entry should be entered on 30th September? Dr Cash trust $290 000; Cr Cash $290 000 Dr Application $750 000; Cr Allotment $750 000 Dr Application $120 000; Cr Cash trust $120 000 Dr Cash $870 000; Cr Cash trust $870 000
Suppose, you own 2,000 shares in a company with 5,000 shares outstanding. There are 8 directors up for election via cumulative voting. How many directors can you elect?" 3 2 1 5 4
Viceroy Ltd has a December 31 year-end. Its ledger account for Common Shares (Class A voting) showed the following information (dollars amounts are in thousands): Opening Balance Jan1 = 400,000 shares Shares issued June 30 = 200,000 Shares issued September 30 = 50,400 Net Income for the Year =$2,000,000 Preferred Shares (Class B Non Voting Cumulative) = 50,000 shares ($600) Preferred Share Dividend entitlement for the year $129,000 Hint: check EPS formula in the chapter of Financial Statement Analysis Required 1: What is the Basic Earnings Per Share that Viceroy will report this year? Hint: when number of shares change during the term, a simple average does not apply, instead use the weighted average number of common shares. $ Required 2: The weighted average number of common shares for the year is: Required 3: The total earnings considered in the EPS formula for the year is: $
In September, the board of directors of chaparral steel approved a 2 for 1 stock split. After the split, how many shares of chaparral steel stock will an investor have if he or she owned 230 shares before the split?
You have purchased a property for $950,000 and expect its value to grow at 3 percent compounded annually for 10 years. You plan to sell it at that time hoping to capture your value estimate. In addition, the property is expected to provide a monthly cash flow of $4,000. You expect the monthly cash flow to remain constant over time. What is the expected annual rate of return on this investment given your expectations about its future cash flows?
How do I solve subsections D and E?
ABC Co. needs to elect four individuals to board of directors position. ABC has 180,000 shares outstanding and the stock is currently selling for $30 . Individual A wants to serve on the board of directors. How much will it cost A (number of shares times price ) to buy a seat if the company uses straight voting? What if the firm uses cumulative voting? $2,700,030; $1,080,030 $2,640,030; $1,320,030 $2,700,030; $1,350,030 $2,640,030; 1,360,030 $2,710,030; $1,430,030
Give step by step explanation.
David Rothchild owns 6,001 shares of the Motor Corp. There are 12 seats on the company board of directors, and the company has a total of 78,000 shares of stock outstanding. The Motor Corp. utilizes cumulative voting. A. Can David Rothchild elect himself to the board when the vote to elect 12 directors is held next week?

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Ms. Meyers wishes to know how many shares are necessary to elect 3 directors out of 9 directors up for election in the Austin Power Company. There are 88,000 shares outstanding. Note: Do not round intermediate calculations. Answer is complete but not entirely correct. Number of shares 264,000 x