Firm uses cumulative voting to elect its board

Assignment Help Financial Management
Reference no: EM131568041

Suppose a firm has 50 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?

Reference no: EM131568041

Questions Cloud

Discuss about the poster presentations : Poster presentations are typically informal affairs with limited time for presenters to provide extra information.
What specific business practices would you expect : Cultural Influences on Business Operations- What specific business practices would you expect to find in that country, based on its culture?
What are foreign exchange markets and foreign exchange rates : What are foreign exchange markets and foreign exchange rates?
Role of the courts and the internal revenue service : Define substantial authority. Describe the role of the courts and the Internal Revenue Service. In interpreting and applying the sources of tax law.
Firm uses cumulative voting to elect its board : If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure election to the board?
Describe how each procedure is implemented : Of the seven internal control procedures, List five of these controls and describe how each procedure is implemented
Total compensation and relational returns : Describe an organization that you were or are currently employed with in terms of total compensation and relational returns.
Discuss whether or not you believe that facebook has : Write a four to five page paper in which you: Discuss whether or not you believe that Facebook has a legal or ethical duty to rescue a crime victim.
Investment split between original shares and new shares : What is your total investment in the firm after the rights offering? How is your investment split between original shares and new shares?

Reviews

Write a Review

Financial Management Questions & Answers

  What is the present value of the portfolio

What is the present value of the portfolio? What is the hedge ratio (?) of the call?

  Maximum initial cost the company would be willing to pay

Och, Inc., is considering a project that will result in initial after tax cash savings of $1.74 million at the end of the first year, and these savings will grow at a rate of 1 percent per year indefinitely. The firm has a target debt-equity ratio of..

  What is the expected increase in the share price of the firm

What is the expected increase in the share price of the firm? How many shares would the firm repurchase?

  What is the amount of the companys accounts receivable

Essence of Skunk Fragrances, Ltd., sells 5,800 units of its perfume collection each year at a price per unit of $388. All sales are on credit with terms of 3/10, net 50. The discount is taken by 35 percent of the customers. What is the amount of the ..

  What is estimated cost of common equity

Booher Book Stores has a beta of 1.2. The yield on a 3-month T-bill is 3.5% and the yield on a 10-year T-bond is 6%. The market risk premium is 5%, and the return on an average stock in the market last year was 15%. What is the estimated cost of comm..

  Suffering most from which one of behavioral conditions

Steve is suffering most from which one of the following behavioral conditions?

  How much could you withdraw at the end of each of 20 years

You deposit $4,500 per year at the end of each of the next 25 years into an account that pays 10 percent compounded annually. How much could you withdraw at the end of each of the 20 years following your last deposit?

  Principal is to be repaid in equal annual payments over life

Billingsley, Inc. is borrowing $60,000 for five years at an APR of 8 percent. The principal is to be repaid in equal annual payments over the life of the loan with interest paid annually. Payments will be made at the end of each year. What is the tot..

  Municipal bond fund and taxable corporate bond fund

What are the main differences and similarities between managing a municipal bond fund and a taxable corporate bond fund?

  What are the terminal cash flows in year five

Five years ago, ABC Company invested $55,638 in a machinery. The investment in net working capital was $9,468 which would be recovered at the end of the project. Today, ABC Company is selling the machinery for $16,277. The book value of the machinery..

  Depreciation deductions cannot be taken on leased equipment

You have the option to purchase or lease a? five-axis horizontal machining center. Any revenues generated from the operation of the machine will be the same whether it is leased or purchased. Under the Lease? Option, maintenance costs are included in..

  About forms of business organization

Which of the following statements about forms of business organization is true?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd