Russell United has 28,500 shares of stock outstanding and has two open seats on its board...
Russell United has 28,500 shares of stock outstanding and has two open seats on its board of directors. Each share of common stock is granted one vote. How many additional votes are required to guarantee a seat on the board if the company were to use straight voting rather than cumulative voting?
Homework Answers
Straight
| Votes= ((shares outstanding/2)+1) |
| =((28500/2)+1) |
| =14251 |
Cumulative
| Votes= ((shares outstanding/(no. of seats +1))+1) |
| =((28500/(2 +1))+1) |
| =9501 |
Additional votes = 14251-9501 = 4750
Add Answer to:
Russell United has 28,500 shares of stock outstanding and has
two open seats on its board...
A company has three open seats on its board of directors. There will be a single election to determine the winner of all open seats. As the owner of 50,000+(5,000xA) shares of stock (with A: the last digit of your student ID; for example, if the last di
A company has three open seats on its board of directors. There will be a single election to determine the winner of all open seats. As the owner of 50,000+(5,000) shares of stock, you will receive one vote per share for each open seat. You decide to cast all of your votes for a single candidate. a. What is this type of voting called? What is the number of votes you can cast? b. With this type of voting, suppose the company...
Mary owns 100 shares of stock. Each share entitles her to one vote per open seat...
Mary owns 100 shares of stock. Each share entitles her to one vote per open seat on the board of directors. Assume there are 3 open seats in the current election and Mary casts all 300 of her votes for a single candidate. What is the term used to describe this type of voting? O A Condensed B. Straight C. Proxy OD. Aggregate E. Cumulative
There are six open seats on a company's board. The total number of shares outstanding is...
There are six open seats on a company's board. The total number of shares outstanding is 2,670,500 and cumulative voting will be used to fill the seats. Find the minimum number of shares an investor should own to guarantee that he will get elected to the board
You want a seat on the board of directors of Four Keys, Inc. The company has...
You want a seat on the board of directors of Four Keys, Inc. The company has 310,000 shares of stock outstanding and the stock sells for $49 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?
You want a seat on the board of directors of Four Keys, Inc. The company has...
You want a seat on the board of directors of Four Keys, Inc. The company has 250,000 shares of stock outstanding and the stock sells for $51 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?
You want a seat on the board of directors of Four Keys, Inc. The company has...
You want a seat on the board of directors of Four Keys, Inc. The company has 225,000 shares of stock outstanding and the stock sells for $66 per share. There are currently 3 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?
Suppose a firm has 54 million shares of common stock outstanding and nine candidates are up...
Suppose a firm has 54 million shares of common stock outstanding and nine candidates are up for election to seven 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...
Suppose a firm has 69 million shares of common stock outstanding and eight candidates are up...
Suppose a firm has 69 million shares of common stock outstanding and eight candidates are up for election to six 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...
Suppose a firm has 55 million shares of common stock outstanding and eight candidates are up...
Suppose a firm has 55 million shares of common stock outstanding and eight candidates are up for election to six 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...
10) 10) You just paid $480,000 for an ann ist paid $480,000 for an annuity that...
10) 10) You just paid $480,000 for an ann ist paid $480,000 for an annuity that will pay you and your heirs $15.000 a year Torever. What rate of return are you canning on this policy A) 3.100 percent B) 3.125 percent C) 3.650 percent • D) 4.255 percent E) 2.875 percent 11) AC Electric just paid its annual dividend of $2.42. The firm plans to increase its dividend by 2.5 percent for the next 3 years and then maintain...
Mary owns 100 shares of stock. Each share entitles her to one vote per open seat on the board of directors. Assume there are 3 open seats in the current election and Mary casts all 300 of her votes for a single candidate. What is the term used to describe this type of voting? O A Condensed B. Straight C. Proxy OD. Aggregate E. Cumulative
Suppose a firm has 54 million shares of common stock outstanding and nine candidates are up for election to seven 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...
Suppose a firm has 69 million shares of common stock outstanding and eight candidates are up for election to six 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...
10) 10) You just paid $480,000 for an ann ist paid $480,000 for an annuity that will pay you and your heirs $15.000 a year Torever. What rate of return are you canning on this policy A) 3.100 percent B) 3.125 percent C) 3.650 percent • D) 4.255 percent E) 2.875 percent 11) AC Electric just paid its annual dividend of $2.42. The firm plans to increase its dividend by 2.5 percent for the next 3 years and then maintain...
Most questions answered within 3 hours.
-
1. What is the meaning of the term communication style?
2. What are the benefits to...
asked 40 minutes ago -
9.) You are buying a car that cost $26,500. You make payments of
$412 each month...
asked 1 hour ago -
. Suppose a discrete random variable has probability
distribution
P(x) = .2 if x = 0...
asked 2 hours ago -
Problem #1
The area between Z = 0 and Z = 2.50
The area between Z...
asked 1 hour ago -
Under the influence of its drive force, a snowmobile is moving
at a constant velocity along...
asked 2 hours ago -
Why do organizations decline? What steps can top
management take to halt, decline, and restore organizational...
asked 2 hours ago -
What mechanisms Drive speciation??
(I.e. what was Dawins theory on the orgin of species, and how...
asked 4 hours ago -
The manager at a car assembly plant believes that the mean
assembly time for a car...
asked 5 hours ago -
Which of the following is true of electron capture?
A) It decreases the nuclide's mass number...
asked 6 hours ago -
Assuming an efficiency of 43.10%, calculate the actual yield of
magnesium nitrate formed from 114.9 g...
asked 7 hours ago -
The highly pathogenic bacterium Clostridium
perfringens causes gangrene, a disease that results in the
destruction of...
asked 8 hours ago -
In the context of situation analysis, which of the following is
a category for analysis in...
asked 8 hours ago