Reference no: EM132911794

Question - 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.)

Number of shares

Larry and Barry owned equally all of the stock of an S corporation. The S corporation has a loss of $80,000 during a non-leap year. Larry sells his one half interest in the S corporation stock to his friend, James, on the 150th day of the year. How much of the loss should be allocated to Larry rounded to the nearest dollar?

Assume the economy is open to capital inflows and outflows and therefore net capital inflow equals imports (IM) minus exports (X). Answer each of the following questions. a) X = $60 million IM = $95 million Private savings = $325 million I = $300 million Calculate the budget balance. b) Private savings = $325 million I = $400 million Budget balance = $10 million Calculate IM - X.

Welker Products sells small kitchen gadgets for $15 each. The gadgets have a variable cost of $4 per unit, and Welker Products' fixed operating costs are $220,000 per year. Welker Products' capital structure includes 55% debt and 45% equity. Annual interest expense is $25,000, and the corporate tax rate is 35%.

a. Calculate the break-even point in units.

b. If Welker Products sells 25,000 units, calculate the firm's EBIT and net income.

c. If sales increase ten percent from 25,000 units to 30,000 units, estimate the firm's expected EBIT and net income.

d. Does Welker Products use operating leverage and/or financial leverage? Explain.