Solution-How many directors can general grocery elect

How many directors can general grocery elect

Assignment Help Finance Basics

Reference no: EM132825924

Krager Foods Corp. has 700,000 shares outstanding. General Grocery, one of its subsidiaries, is disgusted with current management practices and is trying to get some of its own people elected to the board of directors. There are 15 directors, and General Grocery controls proxies for 87,501 shares.

A) Under cumulative voting, how many directors can General Grocery elect?

B) How many shares will General Grocery have to acquire in order to elect 8 directors?

Reference no: EM132825924

Questions Cloud

What is the present value of stream of payments : The first payment will be made 4 years from now. If the interest rate is 20% per year, what is the present value (@ t=0) of this stream of payments?

Identify contemporary challenges to performance appraisal : Some research shows that fairness in performance appraisal leads to positive employee behavior, commitment, and satisfaction. Fairness is associated.

Find the rate of return on the endowment : The trustee has determined that the account can pay out $18,000 each year, in perpetuity, starting from next year. Find the rate of return on the endowment.

What foods are most important for celebration : What rituals do you take part in? How do you dress? What foods are most important for your celebration? How do you decorate your home?

How many directors can general grocery elect : There are 15 directors, and General Grocery controls proxies for 87,501 shares.

Describe the differences between a manager and a leader : Describe the differences between a manager and a leader, including the functional activities of each role in the health care environment.

How much will they have to set aside at the end : How much will they have to set aside at the end of each year to have $65000 in 8 years if the annual interest is 7%

Present in t-accounts the actual manufacturing cost flows : You are told that Jobs 101 and 102 were sold for $854,000 and $554,000, Present in T-accounts the actual manufacturing cost flows

Determining the equivalent annual return : If we have an investment earning 20% year 1, 15% year 2, and loses 10% year 3. The equivalent annual return (including compounding) for this sequence of returns

User Account

All Pages

How many directors can general grocery elect

Reference no: EM132825924

Reference no: EM132825924

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT