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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Marcus 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.) Number of 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.)
Below are 3 questions with answers, Please give solutions and explanation to the following questions. The correct answer is already given, just provide me with solution. AS PER BARTLEBY, YOU WILL ANSWER THE FIRST THREE QUESTIONS... please, don't answer just one question, it's unfair The shareholders' equity section of the statement of financial position of LW Corporation showed the following balances at December 31, 2020: Ordinary share capital, 10,000 shares issued P300,000 Share premium 100,000 Retained earnings 240,000 Treasury shares, 1,000 shares 35,000 During 2021, the corporation declared and distributed 15% bonus issue when the fair market value of the shares was P42 per share. What is the balance of the ordinary…
Given that there are 4,000,000 shares outstanding in Miller Corp., how many shares will be required for a minority group of stockholders to elect two of the nine members on the board of directors? (Assume cumulative voting is required.) A. 888,889 B. 1,090,910 C. 800,001 D. 1,000,001
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?
ezto.mheducation.com Saved Help ! Required information E11-2 (Algo) Computing Number of Shares LO11-1, 11-3 [The following information applies to the questions displayed below.] The charter of Vista West Corporation specifies that it is authorized to issue 201,000 shares of common stock. Since the company was incorporated, it has sold a total of 144,000 shares (at $16 per share) to the public. It has bought back a total of 16,000. The par value of the stock is $5. When the stock was bought back from the public, the market price was $30. E11-2 Part 2 2. Determine the issued shares. Issued shares
Rho Corp is electing three director its board using cumulative voting. There are one million shares outstanding. How many shares must you own to get onboard as a director? A. 100,001 B. 250,000 C. 250,001 D. 333,334 E. 333,335
When March Green Products Ltd. started their business they issued 150,000 common shares and 10,000 noncumulative preferred shares. Their first declaration of dividends happened in Year 4 of operations, and was for $270,000. What was the per share dividend received by the common shareholders? O $142 O $1.6875 O $1.80 O cannot be determined with the information provided
SORULAR (QUESTIONS) 1. ABC Ltd. issued a prospectus for inviting application from the public for 10,000 equity shares of $ 10 each. The amounts were payable as follows: $3 on Application, $2 on Allotment & the balance as and when called. Applications were received for 12,000 shares & the allotment was made as follows: • Full applications for 8,000 shares • 2,000 shares shares to remaining applicants and the excess application money is to be adjusted towards allotment. • totally reject applications for 2,000 shares Pass Journal entries in the books of the company assuming that all allotment money was received and the call was not made.
NEED ASAP. Solve correctly and show your computations. The Corporation shareholders’ equity section of the Statement of Financial Position includes the following accounts and balances: Ordinary Share Capital, P100 par, 5,000 shares issued P500,000 Ordinary Share Premium 50,000 Retained earnings 750,000 Assuming a major shareholder donated 5,000 shares when the market value of the share capital was P140 per share, and was recorded as a debit to Treasury Shares and credit to Donated Capital. How much was the increase (decrease) in the total Additional Paid In Capital? Put a parenthesis if your answer is decrease.
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
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.

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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