The percentage of votes of the founderâ€™s family to the votes of class B for Rust Pipe Company. Introduction: Cumulative Voting: It is a type of voting system helpful in strengthening the ability of minority shareholders. It also allows shareholders to cast their vote for electing the board of directors of the company. Shares outstanding: These are the common shares of an authorized company that are actually held by the investors and represent ownership of the company. They are also termed as issued shares.

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Chapter 17, Problem 11P

Summary Introduction

To calculate: The percentage of votes of the founderâ€™s family to the votes of class B for Rust Pipe Company.

Introduction:

Cumulative Voting:

It is a type of voting system helpful in strengthening the ability of minority shareholders. It also allows shareholders to cast their vote for electing the board of directors of the company.

Shares outstanding:

These are the common shares of an authorized company that are actually held by the investors and represent ownership of the company. They are also termed as issued shares.

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