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Question - Unhappy with the performance of the board, a minority group of shareholders of Ontario Grilled Chicken (OGC) Limited, who owns 4,500,000 voting shares, wants to elect the minimum majority of directors in the upcoming shareholders meeting where 8 directors are to be elected. OGC has 10,000,000 voting shares outstanding and uses cumulative voting. How many additional shares must the minority group have to ensure the election of the minimum majority of directors?
During the remainder of the year, Ramirez generates revenues of $600,000 and expenses of $360,000 and paid no dividends. On a December 31 consolidated balance sheet, what amount should be reported as noncontrolling interest?
What is the annual operating cash flow for the project? Kurt's cabinets is looking at project that will require $80000 in fixed assets.
Mr. Lee's credit card balance as of April 30 was P17,984.28. Determine his credit card balance by preparing his statement as of May 31.
Describing the effect of each transaction on assets, liabilities, and stockholder's equity: Selected transactions for Thyme Advertising Company, Inc.
How much more would he need to have at the beginning of his retirement? Explain how you came to this answer
What monthly lease payment due in advance should be charged for a tract of land valued at $41,000 if the agreed interest is 9.58?% compounded semi-annually??
Payments of accounts payable in the amount of P 8,600 was not posted to the payable account. What amount shall be debited to John's interest?
What role do brokers and dealers play in a SWAP and how are they reimbursed for their services related to municipal bonds? Explain in detail with an example.
Discuss the effect of the changes made by management in accordance with IFRS. Majestic Enterprise Limited currently depreciates all its non-current assets
Initial public offerings (IPOs) and this is proven abundantly in previous studies and events; however what are the reasons behind firm's engagement in IPOs?
Use only relevant information and applicable method to find the cost of OTX ordinary share. The beta coefficient for OTX Ltd is 1.68. The company has just paid
Japan company produces lamps that require 2.75 standard hours per unit at an hourly rate of $14 per hour. If 8,700 units required 19,250 hours at an hourly rate of $14.90 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c..
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