Review problem on the rc-cola

Reference no: EM131792414

Question: Mr. R.C. Cola owns 7,001 shares of Soft drinks, Inc. There are 10 seats on the company board of directors, and the company has a total of 77,000 shares outstanding. Soft drinks, Inc., utilizes cumulative voting. Can Mr. Cola elect himself to the board when the vote to elect 10 directors is held next week?

Reference no: EM131792414

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