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Answer 1

Answer #1

As per the question, the company has two types of stock.The first being founder's share which has 11 votes per share and the second one being common stock with 1 vote per share.

Total number of shares= 2,450,000

Shares owned by founder's family= 53,825

Therefore number of votes they have= (53825*11)= 592075

Number of common stock shares= (2450000-53825)= 2396175( also the number of votes they have as they have 1 vote per share)

Percentage of founder family votes to class B votes= (592075/2396175)*100= 24.71%

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