Find maximum number of votes that cast favorite candidate
There are 10 directors to be elected. A shareholder owns 80 shares. What is the maximum number of votes that he or she can cast for a favorite candidate under (a) majority voting? (b) cumulative voting?
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Bettendorf Corporation has a book net worth of $17,800. The company's long-term debt is $6,900. Its net working capital, excluding cash, is $1,600. Its fixed assets are $21,300. How much cash does the company have? If the current liabilities are $
How many more shares can be issued without the approval of shareholders? Suppose that Alfred Cake issues 10,000 shares at $2 a share. Which of the above figures would be changed?
Borkin, Incorporated is proposing a rights offering. Currently, there are 560,000 shares outstanding at $85 each. There will be 65,000 new shares offered at $84 each. Calculate each of the following:
Using Spot and Forward Exchange Rates: The spot exchange rate for the Canadian dollar is Can $1.14 and the six-month forward rate is Can $1.17. Calculate whether a U.S. dollar or a Canadian dollar is worth more.
Cross-Rates and Arbitrage: The Japanese yen exchange rate is ¥96=$1, and the British pound exchange rate is £1=$1.72. Calculate the cross-rate in terms of yen per pound.
In what ways is preferred stock like debt? In what ways is it like common stock?
The importance of ethical leadership is a subject of interest in current management and leadership research. To some extent this has been driven by what has been seen as an on-going sequence of large, dominant and indeed global organisations beha
Citation Builders, Inc., builds office buildings and single-family homes. The office buildings are constructed under contract with reputable buyers.
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