If there are 10 directors to be elected and a shareholder owns 90 shares, indicate the maximum
Question:
If there are 10 directors to be elected and a shareholder owns 90 shares, indicate the maximum number of votes that he or she can cast for a favourite candidate under
a. Majority voting
b. Cumulative voting
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
a Under majority voting the shareholder ...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781259087585
6th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan, Gordon Roberts
Question Posted:
Students also viewed these Business questions
-
Other things being equal, will the following provisions increase or decrease the yield to maturity at which a firm can issue a bond? a. A call provision b. A restriction on further borrowing c. A...
-
What is the pecking-order theory of optimal capital structure? If the theory is correct, what types of firms would you expect to operate at high debt levels?
-
An importer in Canada is due to take delivery of silk scarves from Europe in 6 months. The price is fixed in euros. Which of the following transactions could eliminate the importer's exchange risk?...
-
John Deer began a restaraunt consulting company. Below are events and transactions that occurred during the first month of operation. May 1 John Deer invested $38,000 cash to start a consulting...
-
A ball of mass 0.10 kg moving with speed of 2.0 m/s hits a wall and bounces back with the same speed in the opposite direction. What is the change in the ball's kinetic energy?
-
Exercises 6163 will help you prepare for the material covered in the first section of the next chapter. Use point plotting to graph f(x) = 2 x . Begin by setting up a partial table of coordinates,...
-
Briefly explain how the following programs would affect the elasticity of demand for labor in the steel industry: a. An increased tariff on steel imports. b. A law making it illegal to lay off...
-
Nickelson Company manufactures and sells one product. The following information pertains to each of the companys first three years of operations: Variable costs per unit: Manufacturing: Direct...
-
An aluminum-alloy rod has a length of 9.2293 cm at 20.00C and a length of 9.2767 cm at the boiling point of water. (a) What is the length of the rod at the freezing point of water? (b) What is the...
-
John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2020, John worked as a computer technician at a local university earning a salary of $152,000, and...
-
Are the following statements true or false? Explain. a. In several recent years, non-financial corporations in Canada have repurchased more stock than they have issued. b. A Canadian corporation pays...
-
The shareholders of the Pickwick Paper Company need to elect 5 directors. There are 400,000 shares outstanding. How many shares do you need to own to ensure that you can elect at least 1 director if...
-
Discuss how to test the significance of each of the independent variables and the entire multiple regression model.
-
Alfa bakery is considering replacing its existing automated oven. The current market value of the oven is $12,000. The value of the oven depreciates by 25% per year. The generator produces 36 cakes...
-
Anna would like to purchase $50,000 of dividend paying common shares in various Canadian public corporations. Anna is considering whether she should acquire the stock portfolio personally or via her...
-
First, you will describe what happens in the commercial. Assume that the reader has not seen it. Explain the use of words, images, and sounds. What do you see? Next, use the premises-conclusion...
-
How are Fringe benefits treated in a partnership? How are Group Insurence and Health savings accounts treated in a partnership?
-
Under the public interest theory, the government intervenes in the operations in various market in response to market failure and in public interest. From the statement above, discuss what you...
-
Why do you think that Roberto Goizueta switched from a strategy that emphasized localization toward one that emphasized global standardization? What were the benefits of such a strategy?
-
MgO prevents premature evaporation of Al in a furnace by maintaining the aluminum as Al2O3. Another type of matrix modifier prevents loss of signal from the atom X that readily forms the molecular...
-
Roseland Inc. has offered $357 million cash for all of the common stock in Forest Glade Corporation. Based on recent market information, Forest Glade is worth $319 million as an independent...
-
What is meant by the term financing off the statement of financial position? When do leases provide such financing, and what are the accounting and economic consequences of such activity?
-
Assume that the following statements of financial position are stated and a book value. Construct a post-merger statement of financial position assuming that Amherst Co. purchases Essex Inc. and the...
-
Assume that the real rate of interest is 1 . 7 3 percent and the anticipated percentage change in price levels over the life of the loan contract is 9 . 2 3 percent. What is the nominal interest rate...
-
Samsung has been producing the new Galaxy X250 smart phone throughout 2022 but doesn't plan to sell it until March 2023. How are these smartphones, which are sitting in a warehouse somewhere in...
-
Silver Water Motorworks produces small electric motors in lots of 200 with an average yield of 92%. Fifty per cent (50%) of the sub-standard output from the first run through, can be reworked. Direct...
Study smarter with the SolutionInn App