A firm has four open positions on its board of directors. How many shares do you need to own to guarantee your own election to the board if the firm has 387,500 shares of stock outstanding and uses cumulative voting? Each share is granted one vote.
Q: Nevada Corporation has 54,000 shares of $27 par stock outstanding that has a current market value of…
A: Stock split increases the total number of shares outstanding and decreases per share market price.…
Q: A corporation has 50,000 shares of $25 par stock outstanding. If the corporation issues a 3-for-1…
A: Stock split means when in exchange of one share of the company, company provides more value to the…
Q: Prepare the necessary entries from 1/1/17 through 2/1/19 for the following events using the fair…
A: Journal entry: Journal entry refers to an entry that is made to record the transactions which are…
Q: Howe Corporation plans to issue 7,400 shares of its $1 par value common stock for $34 per share and…
A: Legal capital is a synonym of the par value and face value of share for common stock. It means a…
Q: Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $1…
A:
Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…
A: Number of shares outstanding = Shares issued - Shares reacquired
Q: If there are 10 directors to be elected and a shareholder owns 120 shares, calculate the maximum…
A: Cumulative voting is the method which allows the shareholder to use all the shares for all the seats…
Q: Marcos Company, which had 35,000 shares of common stock outstanding, declared a 4-for-1 stock split.…
A: A stock split refers splitting or dividing a single stock into multiple stocks. The face value and…
Q: 63. XYZ is a stock corporation that wishes to elect 15 directors. stockholder C, owns 5,000 shares…
A: Solution Concept The shareholders get one vote per share hold by them In the given question C has…
Q: If your corporation declares a stock repurchase how many shares of stock can your corporation…
A: Answer:-182 shares Number of stock repurchased = anoubt /stock price Given amount =10000 Price = 55
Q: A corporation has 4,000 shares of 10% noncumulative non participating preference shares outstanding,…
A: Preferred shares are nonparticipating means they will receive only pre fixed dividend. Noncumulative…
Q: The founders of a startup award themselves 1,000,000 shares of Series A common stock. The company…
A: Explanation: Value of shares of series B Shareholders = 400,000 x 2.75 x 2.3 = 2,530,000 Value of…
Q: What is the number of shares outstanding?
A: Answer - c.44,000
Q: There are 3 directors seats up for election. If you own 1,000 shares of stock and you can cast 3,000…
A: This the system of voting by shareholders for election of directors.
Q: After consulting with a lawyer, they fill in their paperwork and request that the following stock be…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: Suppose that you represent a group of shareholders who collectively holds 300,000 shares of stock in…
A: Total number of cumulative votes =Number of Shares*Number of Positions =2*5 =10 million or…
Q: Rho Corporation is electing three directors to its board using cumulative voting, and there are…
A: Cumulative Voting is the accumulated or weighted voting where each shareholder gets one vote per…
Q: The board of directors of Clear Communications has declared a dividend of $2,500,000. The company…
A: Total Dividend = $2,500,000 Preferred Dividend = 240,000 shares * $2.10 Preferred Dividend =…
Q: Your corporation currently has 200,000 shares of stock outstanding that sells for $50.00 per share.…
A: Number of shares before split = 200,000 Price per share before split = $ 50 Split ratio = five-…
Q: 4. On September 6, 2020, the board of directors of Peterson Manufacturing voted to distribute…
A: DPS or dividend per share implies for figure that an investor with only single share holding will…
Q: Thriller Corporation has one class of voting common stock, of which 1,000 shares are issued and…
A: Dividend refers to the sum of money which is a form of distributing the portion of profits to its…
Q: What is the number of shares outstanding?
A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…
Q: Given that there are 4,000,000 shares outstanding in Miller Corp., how many shares will be required…
A: Minority group of shareholders are those shareholders who do not have majority of the shares of the…
Q: V Sport Fitness has 750,000 shares authorized in the Charter, and they have 200,000 shares Issued…
A: No. of shares issued and outstanding = No. of shares issued - shares in Treasury Stock = 200,000…
Q: Nevada Corporation has 30,000 shares of $25 par stock outstanding that has a current market value of…
A: Under stock split the shareholders of the shares are issued shares more than they currently hold…
Q: Green and Go has 180,000 shares of stock outstanding with a current market value of $48 a share. You…
A: The total number of outstanding shares is 180,000. The current price of each share is $48. The stock…
Q: A corporation has 45,000 shares of $23 par value stock outstanding. If the corporation issues a…
A: Stock split means when one share of the company will split or break into more number of shares. 3…
Q: Rho Corp is electing three director its board using cumulative voting. There are one million shares…
A: GIVEN, SHARE = 1000000 directors= 3
Q: On May 1, Foress Corporation incorporated and authorized 211,000 preferred shares and an unlimited…
A: The journal entries are prepared to keep the record of day to day transactions of the business.
Q: Nevada Corporation has 63,600 shares of $16 par stock outstanding that has a current market value of…
A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…
Q: E Sport Fitness has 750,000 shares authorized in the Charter, and they have 200,000 shares Issued…
A: The dividend is a share of profit distributed by the corporation to its shareholders. it is…
Q: Marcus wishes to know how many shares are necessary to elect 3 directors out of 11 directors up for…
A: Number of shares required can be computed by using the following formula, =((Number of directors…
Q: The charter of a corporation provides for the issuance of 138,000 shares of common stock. Assume…
A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…
Q: If there are 10 directors to be elected and a shareholder owns 120 shares, calculate the maximum…
A: Shareholders Voting is the procedure where a company normally employs one voting system from two…
Q: The charter of a corporation provides for the issuance of 114,000 shares of common stock. Assume…
A: Equity share capital refers capital which is raised by a corporation by offering shares.
Q: A corporation has 10,000 shares of 100 par stock outstanding. If the corporation issues a five for…
A: Beginning Shares = 10,000 Each stock is split into 5 shares. Means, 10,000*5 = 50,000 shares
Q: Nevada Corporation has 53,200 shares of $18 par stock outstanding that has a current market value of…
A: Nevada corporation has 53,200 shares Corporation issues a 5 for 1 split, the no. of shares…
Q: Mr. Meyers wishes to know how many shares are necessary to elect 3 directors out of 11 directors up…
A: Number of shares required computation: =((No. of directors required) * ( Total no. of shares…
Q: Indigo Corporation recently hired a new accountant with extensive experience in accounting for…
A: Stock are of two types that is issued by the company. It can be common stock or preferred stock. Any…
Q: a corporation issues 1,200,000 shares of stock at its beginning to shareholders. how many shares…
A: Given, Issue of shares = 1,200,000
Q: Marcos Company, which had 35,000 shares of common stock outstanding, declared a 4-for-1 stock split.…
A: The split of shares: under this system, the whole share amount is to be the same as before but the…
Q: In September, the board of directors of chaparral steel approved a 2 for 1 stock split. After the…
A: in a 2-for-1 stock split, an additional share is given for each share held by a shareholder.
Q: David Rothchild owns 6,001 shares of the Motor Corp. There are 12 seats on the company board of…
A: Calculating the number of directors that can be elected by Mr. Rothchild. We have,Number of…
Q: What will be the amount of shares outstanding and the share price after the reverse stock split.
A: Amount of shares outstanding = shares *3/6 =200000*3/6 =100000 shares
Q: A corporation has issued 50,000 shares of $100 par common stock and holds 6,000 of these shares as…
A: Dividend - Dividend is the sum of the amount of profit distributed by the company to its common…
Q: A corporation has 50,000 shares of $25 par stock outstanding. If the corporation issues a 3-for-1…
A: Number of shares outstanding after the split = No. of shares outstanding x split ratio
A firm has four open positions on its board of directors. How many shares do you need to own to guarantee your own election to the board if the firm has 387,500 shares of stock outstanding and uses cumulative voting? Each share is granted one vote.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Suppose that you represent a group of shareholders who collectively holds 300,000 shares of stock in XYZ Corporation. XYZ Corporation has cumulative voting and has a total of 2,000,000 shares outstanding. There are five open seats on the Board of Directors and seven candidates running for a position on the BOD. Can your group be assured that it can get one person on the BODs?you want a seat on the board of directors of four keys, the company has 315000 shares of stock outstanding and the stock sells for 46 per share. There are currently 4 seats up for election. If the company uses cumulative voting, how many share do you need to guarantee that you will be elected to the boardIf there are 10 directors to be elected and a shareholder owns 120 shares, calculate the maximum number of votes that he or she can cast for a favorite candidate under each of the voting methods. Maximum Number of Votes a. Majority voting b. Cumulative voting
- You own 250 shares out of 1,500 shares outstanding. Your co-owner owns the other 1,250 shares. There are 4 directors being elected. Assuming cumulative voting, calculate the number of shares you need to own to elect at least one director to the Board.If there are 10 directors to be elected and a shareholder owns 120 shares, calculate the maximum number of votes that he or she can cast for a favorite candidate under each of the voting methods.The shareholders of the Unicorn Company need to elect seven new directors. There are 2 million shares outstanding. How many shares do you need to be certain that you can elect at least one director if a. Unicorn has straight voting? b. Unicorn has cumulative voting?
- If there are nine directors to be elected, what is the least number of shares you will need to guarantee a seat on the board under cumulative voting?Suppose a firm has 16.9 million shares of common stock outstanding and eight candidates are up for election to four seats on the board of directors. a. If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure election to the board?b. If the firm uses straight voting to elect its board, what is the minimum number of votes needed to ensure election to the board?(For all requirements, enter your answers in whole numbers, not millions.)Suppose a firm has 16 million shares of common stock outstanding and five candidates are up for election to four seats on the board of directors. a. If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure election to the board? b. If the firm uses straight voting to elect its board, what is the minimum number of votes needed to ensure election to the board? (For all requirements, enter your answers in whole numbers, not millions.) a. b. X Answer is com plete but not entirely correct. Minimum number of votes Minimum number of votes 12,800,001 X 8,000,001 X
- 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 sharesSuppose a firm has 49.6 million shares of common stock outstanding and 14 candidates are up for election to 7 seats on the board of directors. If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure election of 1 member to the board? (Do not round intermediate calculations. Round your answer to a whole number.)You want a seat oin the board of directors of Four Keys. Inc. The company hase 290000 shares of stocks outstanding and the stock sells for $61 per share. There are currently 4 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?