You own of the stock of a company that has 10 directors on its board. How much representation can you get on the board if the company has cumulative​ voting? How much representation can you ensure if the company has straight​ voting?

Answers

Answer 1

Answer:

B.With cumulative voting you are able to get proportional representation by putting all of your votes toward 3​directors, allowing you to elect representatives to 3 seats ​(30% of ten​ seats) on the board. B.With​ non-cumulative voting you vote on each director​ individually, and without a majority of the shares you cannot ensure that your representative will win any of the elections​ (you could lose 70% to 30% in each of the ten individual​ elections).

Explanation:

Cumulative voting is a method of voting that allows a shareholder to place all the votes they have to one or more person. Normally, during elections for a Board member, each shareholder will be given a certain number of votes and this is usually related to the number of shares they hold. In cumulative voting, they can place all these allowed votes in the corner of one person thereby increasing their chances of getting voted. By owning 30%, you will get 30% of the votes. If you decide to place all 30% for 3 people out of 10, you will get them elected.

With straight voting though, you can only vote once per share owned. That means that you cannot pledge all your votes to a single person or group of people. Should that happen, you cannot ensure that your representative will win as people may outvote your 30% in in each candidate.


Related Questions

Computer Corp. just paid a dividend of $0.75. If the firm's growth in dividends is expected to remain at a flat 3 percent forever, then what is the cost of equity capital for Computer Corp. if the price of its common shares is currently $12.00

Answers

Answer:

9.44%

Explanation:

According to the given situation, the computation of the cost of equity capital is shown below:-

Cost of equity capital = Dividend × (1 + Expected rate of return) ÷ Common shares + Expected rate of return

Now, we will put the values into the above formula.

= ($0.75 × (1.03) ÷ $12) + 0.03

= 0.0944

or

= 9.44%

Therefore for computing the cost of equity we simply applied the above formula.

After reading it write about whether or not you agree with the academic economic consensus that independent officials running the Federal Reserve are able to properly balance their dual mandate in a fair and balanced fashion with the needs of workers in one hand and the financial industry on the other. If you agree with the consensus view explain your reasons; or if you disagree and think that the officials are biased in favor of the financial industry explain your reasoning with some possible solutions to the problem. Write at least two paragraphs articulating your views.

Answers

Answer:

The Federal Reserve has been at times biased in favor of the financial industry, because they have often put inflation targeting above the need to reduce unemployment when executing monetary policy. Besides, the financial industry has often been rescued by massive loans from the Fed.

However, the Federal Reserve has also acted in favor of reducing unemployment, specially during recessions, by expanding the money supply through a policy known as quantitative easing.

In conclusion, we can say that the Fed tends to be biased in favor of the financial industry, but not at all times.

Kiley Electronics is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the WACC (and even negative), in which case it will be rejected.

Answers

Answer:

13.31%

Explanation:

some information is missing:

Year        Cash flows

0              −$1,100

1                  $450

2                 $470

3                 $490

the easiest way to calculate the IRR is by using a financial calculator, IRR = 13.31%

but if we don't have one at hand, the IRR is the discount rate at which a project's NPV = 0

1,100 = 450/(1 + r) + 470/(1 + r)² + 490/(1 + r)³

to simplify the formula we must use trial and error:

since we already know the real IRR, I will start with a close number like 10%

1,100 = 450/(1 + 0.1) + 470/(1 + 0.1)² + 490/(1 + 0.1)³

1,100 = 409.09 + 388.43 + 368.14

1,100 ≠ 1,165.66

since the NPV is still positive, we must increase the discount rate. following the example we can use 12%

1,100 = 450/(1 + 0.12) + 470/(1 + 0.12)² + 490/(1 + 0.12)³

1,100 = 401.79 + 374.68 + 348.77

1,100 ≠ 1,125.24

we must increase the discount rate even more to 13%

1,100 = 450/(1 + 0.13) + 470/(1 + 0.13)² + 490/(1 + 0.13)³

1,100 = 398.23 + 368.08 + 339.59

1,100 ≠ 1,105.90

we keep increasing the discount rate to 14%

1,100 = 450/(1 + 0.14) + 470/(1 + 0.14)² + 490/(1 + 0.14)³

1,100 = 394.74 + 361.65 + 330.74

1,100 ≠ 1,087.13

since now the NPV is negative, the discount rate must be between 13-14%

we continue this way until we finally reach 13.31%

Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finn’s house. At the end of the current period, Emma looks over her inventory and finds that she has 800 units (products) in her basement, 25 of which were damaged by water and cannot be sold. 180 units in her van, ready to deliver per a customer order, terms FOB destination. 200 units out on consignment to a friend who owns a retail store. How many units should Emma include in her company’s period-end inventory?

Answers

Answer: 1155

Explanation:

The solution guess thus to calculate the units in Ending Inventory:

Units of product on hand: 800 units

Add: Units in transit 180

Add: Units on consignment 200

Less: Damaged units 25

The number of units that Emma should include in her company’s period-end inventory will be:

= (800+180+200) - 25

= 1180 - 25

= 1155

Assume Mrs. Kinsley has filed a suit against Kitchen Essential Products Inc. for the injuries that she sustained under the theory of strict product liability. Can Mrs. Kinsley prevail in a cause of action against Kitchen Essential Products Inc. under strict product liability.

Answers

Answer:

"strict liability" says that a defendant seller, distributor or manufacturer of a defective product can be liable to anyone injured by that product, regardless of whether the defendant did everything possible to make sure the defect never happened.

In the case of Mrs Kinsley against Kitchen Essential Products inc. for the injury she sustained, she will be able to prevail in a cause action against the company under strict product liability. Because, the accident happened as a result of the faulty product which she purchased from the Kitchen Essential Product Inc company.

Explanation:

Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company’s planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) 300 Revenue ($430.00q) $129,000 Expenses: Wages and salaries ($11,300 + $128.00q) 49,700 Supplies ($4.00q) 1,200 Equipment rental ($2,400 + $25.00q) 9,900 Insurance ($3,900) 3,900 Miscellaneous ($510 + $1.44q) 942 Total expense 65,642 Net operating income $63,358 During May, the company’s actual activity was 290 diving-hours. Complete the following flexible budget for that level of activity.Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income

Answers

Answer:

Revenue $124,700

Expenses:

Wages and salaries 48,420

Supplies 1,160

Equipment rental 9,650

Insurance 3,900

Miscellaneous 928

Total expense$64,058

Net Operating income $60,642

Explanation:

Calculation to Complete the flexible budget for that level of activity

FLEXIBLE BUDGET

Actual diving hours 290

Revenue (290*$430) $124,700

Expenses:

Wages and salaries (11,300+290*128) 48,420

Supplies (290*4) 1,160

Equipment rental (2,400+290*25) 9,650

Insurance 3,900

Miscellaneous (510+290*1.44) 928

Total expense $64,058

Net Operating income $60,642

($124,700-$64,058)

The NYSE Specialist (DMM) and Floor Trader system is the model for trading used by which of the following markets?

I NASDAQ
II AMEX (NYSE American)
III PHLX
IV BATS

a. I and III
b. I and IV
c. II and III
d. II and IV

Answers

Answer:

c. II and III

Explanation:

The New York Stock Exchange, NYSE Specialist (DMM) and Floor Trader system is the model for trading used by American Stock Exchange, AMEX (NYSE American) and Philadelphia Stock Exchange (PHLX).

However, National Association of Securities Dealers Automated Quotations (NASDAQ) isn't modeled after the NYSE Specialist (DMM) and Floor Trader system, rather it is based on an all electronic market. Also, Better Alternative Trading System (BATS) started as an Electronic Communications Network (ECN) and as such is typically an all electronic market, which has transformed magnificently into an exchange according to the Securities and Exchange Commission (SEC).

Hence, the American Stock Exchange, AMEX (NYSE American) and Philadelphia Stock Exchange (PHLX) uses a designated market maker (DMM) and Floor Trader system just like the New York Stock Exchange as their primary market maker.

A process of making decisions by constructing simplified models that extract the essential features from problems without capturing all their complexity is known as

Answers

Answer:

Bounded rationality.

Explanation:

This is explained to be a model that is been used in making choices between alternatives. Models of this kind brings about use of logic, analysis and objectivity always which appear over subjectivity and insight. In this particular model, approaches like Formulating of goal, decision making, identification of criteria for decision making, performing analysis etc are seen to make this model a better type of its kind. Here individuals who are seen to posses high cognitive ability are seen handling of decisions and making quality arrangements towards its actualization.

In a lot of cases, it is seen to not consider factors that cannot be quantified, such as ethical concerns or the value of altruism.

A firm issues $300 million in straight bonds at an original issue discount of 0.50% and a coupon rate of 7%. The firm pays fees of 2.0% on the face value of the bonds. The net amount of funds that the debt issue will provide for the firm is closest to which of the following?
A)$248,625,000
B)$263,250,000
C)$277,875,000
D)$292,500,000

Answers

Answer: $292,500,000

Explanation:

The following information can be derived from the question:

Issued bond = $300

Issue discount = 0.50%

Coupon rate = 7%.

Fees paid = 2.0%

The net amount of funds that the debt issue will provide for the firm will be:

= Issued bond price - Discount - Fees paid

= $300m - ($300m × 0.50%) - ($300m × 2.0%)

= $300m - $1.5m - $6m

= $300m - $7.5m

= $292.5 Million

An assembly line with 17 tasks is to be balanced. The longest task is 2.4 minutes, and the total time for all tasks is 18 minutes. The line will operate for 450 minutes per day.Required:a. What are the minimum and maximum cycle times? b. What range of daily output is theoretically possible for the line? c. What is the minimum number of workstations needed if the maximum output rate is to be sought?d. What cycle time will provide an output rate of 125 units per day?

Answers

Answer

a)Minumum cycle time = 2.4 Minutes And Maximum cycle time = 18 Minutes

b)=187.5 units per day and 25 units per day

c) 8 workstation

d)2.6min/cycle

Explanation:

Given:

output rate = 125 units per day

Operating time= 450 minutes per day

What are the minimum and maximum cycle times?

Minimum Cycle time = duration of the longest task

Therefore,Minimum cycle time = 2.4 minutes

Maximum cycle time = addition of the task

Maximum Cycle Time = 18 minutes

Therefore, Minumum cycle time = 2.4 Minutes And Maximum cycle time = 18 Minutes

B)B)What range of daily output is theoretically possible for the line?

Range of daily output = Operating time / minimum Cycle time

At 2.4 minutes Cycletime

= 450/2.4

=187.5 units per day

At Cycle time 18 Minutes

= 450/18

Cycle time 18 minutes = 25 units per day

C)What is the minimum number of workstations needed if the maximum output rate is to be sought?

number of workstation=(D× summation of all task)/Operating time

number of workstation=(187.5*18)/450

= 7.5= 8 workstation

D)What cycle time will provide an output rate of 125 units per day?

cycle time= Operating time/output rate

=450/125

= 2.6min/cycle

_________________ agreements are one way to achieve the goal of swapping skills and technologies that each company in a strategic alliance covets, and ensuring a chance for equitable gain.
A. Join venture
B. Sharing
C. Cross-licensing
D. Learning
E. Contractual

Answers

Answer:

it should be C. cross-licensing

"Net income for the period was $200,000. The retained earnings account had a beginning balance of $25,000. If the company paid dividends of $20,000 during the year, what is the ending balance in retained earnings?"

Answers

Answer:

Retained earning balance at the end would be = $205,000

Explanation:

Retained earnings at the end = Retained earning at the beginning + Net income - Dividend paid

The net income would increase the balance of the retained earnings hence it is added to it.

The Dividend paid would be a cash outflow which would reduce the balance of the retained earnings, hence it is deducted from it.

So applying this to the question, we have

Retained earning balance at the end would be:

25,000 + 200,000 - 20,000 = $205,000

Retained earning balance at the end would be = $205,000

A preliminary prospectus:_______.
I contains the public offering price of the issue
II does not contain the public offering price of the issue
III contains the financial statements of the issuer
IV does not contain the financial statements of the issuer

Answers

Answer: III contains the financial statements of the issuer

Explanation:

A preliminary prospectus contains information of the company and the intended use of proceeds from the offering.

It contains the details about the products and services that it offers, the market potential for those offerings.

It also contains company's financial statements, and details about company management and major shareholders.

Hence, A preliminary prospectus contains the financial statements of the issuer.

The correct option is 'III'.

Long-term debt ratio 0.3
Times interest earned 10.0
Current ratio 1.2
Quick ratio 1.0
Cash ratio 0.4
Inventory turnover 3.0
Average collection period 73 days

Use the above information from the tables to work out the following missing entries, and then calculate the company’s return on equity.

Net sales _____$
Cost of goods sold
Selling, general, and administrative expenses 20.00
Depreciation 30.00
Earnings before interest and taxes (EBIT) _____$
Interest expense
Income before tax _____$
Tax (35% of income before tax)
Net income _____$

Answers

12$ 18$ 35$ 14$ I think

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:
Net income $ 86,800
Depreciation expense 13,500
Gain on sale of land 6,800
Increase in merchandise inventory 3,550
Increase in accounts payable 7,650
A) $97,600.
B) $15,850.
C) $31,400.
D) $16,850.
E) $38,200

Answers

Answer:

A) $97,600

Explanation:

Calculation for the net cash provided or used by operating activities

OPERATING ACTIVITIES

Net Income $86,800

Depreciation Expense 13,500

Gain on Sale of Land (6,800)

Increase in Merchnadize Inventory (3,550)

Increase in Accounts Payable 7,650

Net Cash provided by Operations $97,600

Therefore the net cash provided or used by operating activities will be $97,600

perline, inc., has balance sheet equity of $6.2 million.At the same time, the income statement shows net income of $948600. The company paid dividends of $493272 and has 100000 shares of stock outstanding. If the benchmark PE ratio is 26, what is the target stock price in one year?

Answers

Answer:

The target stock price in one year is $264.75

Explanation:

We first calculate the ROE as below

ROE= Earnings / Book value of Equity

ROE= $948,600 / $6,200,000

ROE= 0.153

The payout ratio is:

b=  Dividend / Net income

b = $493,272 / $948,600

b = 0.52

So the sustainable growth rate is:

g = ROE * (1-b)

g = 0.153 * (1-0.52)

g = 0.153 * 0.48

g = 0.07344

The earning in the first year are

EPS1 = $948,600 / 100,000  * (1 + 0.07344)

EPS1 = $9.486 * 1.07344

EPS1 = $10.1827

According to the benchmark PE ratio, the target stock price in one year is

Price = EPS1 * 26

Price = $10.1827 * 26

Price = $264.75

Kemp Corporation manufactures a variety of parts for use in its product. The company has always produced all of the necessary parts for its product, including all of the electronic circuits. The company sells 18,000 units of its product per year. An outside supplier has offered to sell electronic circuits to the company for a cost of $40 per unit. To evaluate this offer, the company has gathered the following information relating to its own cost of producing the electronic circuits internally: Per Unit 18,000 Units per Year Direct materials $ 18 $ 324,000 Direct labor 9 162,000 Variable manufacturing overhead 2 36,000 Fixed manufacturing overhead, traceable 9 * 162,000 Fixed manufacturing overhead, allocated 12 216,000 Total cost $ 50 $ 900,000 *One-third supervisory salary; two-thirds depreciation of special equipment (no resale value). Suppose that if the electronic circuits were purchased, the division supervisor position could be eliminated. Fixed manufacturing overhead will be allocated to other products made by the company. Also, the company could use the freed production capacity to launch a new product. The segment margin of the new product would be $180,000 per year. Given this new assumption, how much would be the financial advantage of buying 18,000 electronic circuits from the outside supplier

Answers

Answer:

financial advantage of purchasing from outside vendor = $36,000

Explanation:

outside vendor offers 18,000 units at $40 per unit = $720,000

current production costs (for 18,000 units):

Direct materials $324,000 Direct labor $162,000 Variable manufacturing overhead $36,000 Fixed manufacturing overhead, traceable $162,000 ($54,000 avoidable)Fixed manufacturing overhead, allocated $216,000 (not avoidable)Total cost $900,000

total avoidable costs = $576,000

additional revenue generated by freed facilities = $180,000

financial advantage of purchasing from outside vendor = ($576,000 + $180,000) - $720,000 = $36,000

Nemesis, Inc., has 215,000 shares of stock outstanding. Each share is worth $81, so the company's market value of equity is $17,415,000. Suppose the firm issues 48,000 new shares at the following prices: $81, $75, and $69. What will be the ex-rights price and the effect of each of these alternative offering prices on the existing price per share? (Leave no cells blank; if there is no effect select "No change" from the dropdown and enter "O". Round your answers to 2 decimal places, e.g., 32.16.)
Price Ex-Rights Amount $ Effect per share
per share
per share
No change
Price drops by
Price drops by

Answers

Answer:

$81, $75, and $69

a. Market value of existing shares = 215000 * $81 = $17415000

   Value of New shares issued = 48000 * $81 =        $3888000

                                                                                     $21,303,000

Price after issue of new shares = 21,303,000 / (215000 + 48000)

= 21,303,000 / 263,000

= $81

Conclusion: No changes ($0 per share

b. Market value of existing shares = 215000 * $81 = $17415000

   Value of New shares issued = 48000 * $75 =        $3600000

                                                                                     $21015000

Price after issue of new shares = 21015000 / (215000 + 48000)

= 21,015,000  / 263,000

= $79.90

Conclusion: There is a decrease in amount (81 - 79.90) = $1.10 per share

c. Market value of existing shares = 215000 * $81 = $17415000

   Value of New shares issued = 48000 * $69 =        $3312000

                                                                                     $20,727,000

Price after issue of new shares = 20,727,000 / (215000 + 48000)

= 20,727,000 / 263,000

= $78.81

Conclusion: There is a decrease in amount (81 - 78.81) = $2.19 Per share

In an emergency situation, such as a life-threatening trauma in an emergency room, a supervisor must be:_______.
a. sensitive to employees' feelings.b. an empathetic communicator.c. an apprehensive communicator.d. direct and assertive.

Answers

Answer:

d. direct and assertive.

Explanation:

In an emergency situation, such as a life-threatening trauma in an emergency room, a supervisor must be direct and assertive.

When there's an emergency situation, this ultimately implies a life and death situation which is typically characterized by having someone being in a very critical and dangerous condition. In order to be able to save such an individual or situations, it is very important and essential to have a direct and assertive supervisor who is in charge or control of the emergency situation and capable of making quick decisions that would most likely salvage the situation.

A supervisor who is assertive is confident, bold and positive about his or her instructions in any situation, which is a prerequisite quality to overcome emergencies.

Rose Hill Trading Company is expected to have EPS in the upcoming year of $8. The expected ROE is 18%. An appropriate required return on the stock is 14%. If the firm has a retention ratio of 70%, its dividend in the upcoming year should be _________. A. $1.12 B. $1.44 C. $2.40 D. $5.60

Answers

Answer: C. $2.40

Explanation:

Earnings Per Share (EPS) refers to how much of the net income is due to the shareholders and is calculated by dividing the net income by the number of shareholders.

The retention ratio refers to how much of the net income will be held back by the company and not declared as dividends.

The dividends will therefore be the percentage of the EPS that is not held back.

= 8 * ( 1 - 0.7)

= $2.40

Kenny, Inc., is looking at setting up a new manufacturing plant in South Park. The company bought some land six years ago for $7.9 million in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent facilities elsewhere. The land would net $10.7 million if it were sold today. The company now wants to build its new manufacturing plant on this land; the plant will cost $21.9 million to build, and the site requires $940,000 worth of grading before it is suitable for construction.

Required:
What is the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project?

Answers

Answer:

$33,540,000

Explanation:

initial investment:

opportunity cost of land (resale price of land) = $10,700,000building cost of the facilities = $21,900,000other expenses related to the site (grading) = $940,000total $33,540,000

The purchase cost of the land is considered a sunk costs, since it is not relevant now. What is relevant is the price at which the land could be sold at the moment of starting the project.

Google generates revenue by offering online ________ opportunities next to search results or on specific Web pages.

Answers

Answer: advertising

Explanation:

Advertising is used in marketing to reach out to a larger number and of people and also for people to know more about the product and invariably, convince them to buy the product and hence increase the sales of the product.

Google generates revenue by offering online advertisement opportunities next to search results or on specific web pages.

One of the potential pitfalls of real options analysis is that managers may have the incentive and know-how to game the system.
a. True
b. False

Answers

Answer:

True

Explanation:

This is true and a pitfall because managers particularly those in investment businesses can take actions that benefit themselves or act based on self interests. This is because they are open to incentives and also have the know how so they can easily make changes. This is bad for real options analysis. It is an agency issue. These people act without even considering the interests of the organization or that of their employers.

The Year 1 selling expense budget for Apple Corporation is as follows:
Budgeted sales $275,000
Selling costs:
Delivery expenses $ 2,750
Commission expenses 5,500
Advertising expenses 2,500
Office expenses 1,500
Miscellaneous expenses 5,300
Total $17,550
Delivery and commission expenses vary proportionally with budgeted sales in dollars. Advertising and office expenses are fixed. Miscellaneous expenses include $2,000 of fixed costs. The rest varies with budgeted sales in dollars. The budgeted sales for Year 2 are $330,000.
What will be the value of miscellaneous expenses in the Year 2 selling expense budget?
A. $6,200
B. $4,200
C. $3,600
D. $3,960

Answers

Answer:

$5,960

Explanation:

Fixed portion of Miscellaneous expenses = $2,000

Variable portion of Miscellaneous expenses = ($5,300 - $2,000) / $275,000

= $3,300 / $275,000

= $0.012 of sales

Miscellaneous expenses in the Year 2 selling expense budget = (Budgeted sales * Variable portion) + Fixed portion

= ($330,000 * $0.012) + $2,000

=  $3,960 + $2,000

= $5,960

Problem 24-01 Liquidation Southwestern Wear Inc. has the following balance sheet: Current assets $1,875,000 Accounts payable $375,000 Fixed assets 1,875,000 Notes payable 750,000 Subordinated debentures 750,000 Total debt $1,875,000 Common equity 1,875,000 Total assets $3,750,000 Total liabilities and equity $3,750,000 The trustee's costs total $276,250, and the firm has no accrued taxes or wages. Southwestern has no unfunded pension liabilities. The debentures are subordinated only to the notes payable. If the firm goes bankrupt and liquidates, how much will each class of investors receive if a total of $4 million is received from sale of the assets? Distribution of proceeds on liquidation: 1. Proceeds from sale of assets $ 2. First mortgage, paid from sale of assets $ 3. Fees and expenses of administration of bankruptcy $ 4. Wages due workers earned within 3 months prior to filing of bankruptcy petition $ 5. Taxes $ 6. Unfunded pension liabilities $ 7. Available to general creditors $ Distribution to general creditors: Claims of General Creditors Claim (1) Application of 100% Distribution (2) After Subordination Adjustment (3) Percentage of Original Claims Received (4) Notes payable $ $ $ % Accounts payable $ $ $ % Subordinated debentures $ $ $ % Total $ $ $ The remaining $ will go to the common stockholders.

Answers

Answer:

1. Proceeds from sale of assets $ 4,000,000

2. First mortgage, paid from sale of assets 0.00

3. Fees and expenses of administration of bankruptcy 276,250

4. Wages due workers earned within 3 months prior to filing of bankruptcy petition 0.00

5. Taxes 0.0

6. Unfunded pension liabilities 0.00

7. Available to general creditors $3,723,750

Distribution to general creditors

Claim (1) =$1,875,000

Application of 100% Distribution(2)=$1,875,000

After Subordination Adjustment

(3)=$1,875,000

Percentage of Original Claims Received

(4)=$1,875,000

Explanation:

Calculation for how much will each class of investors receive if a total of $4 million is received from sale of the assets

1. Proceeds from sale of assets $ 4,000,000

2. First mortgage, paid from sale of assets 0.00

3. Fees and expenses of administration of bankruptcy 276,250

4. Wages due workers earned within 3 months prior to filing of bankruptcy petition 0.00

5. Taxes 0.00

6. Unfunded pension liabilities 0.00

7. Available to general creditors $3,723,750

Distribution to general creditors:

Claims of General Creditors

Notes payable

Claim (1) 750,000

Application of 100% Distribution

(2) 750,000

After Subordination Adjustment

(3) 750,000

Percentage of Original Claims Received

(4) 100%

Accounts payable

Claim (1) 375,000

Application of 100% Distribution

(2) 375,000

After Subordination Adjustment

(3) 375,000

Percentage of Original Claims Received

(4) 100%

Subordinated debentures

Claim (1) 750,000

Application of 100% Distribution

(2) 750,000

After Subordination Adjustment

(3) 750,000

Percentage of Original Claims Received

(4) 100%

TOTAL

Claim (1) $750,000+ 375,000+750,000=$1,875,000

Application of 100% Distribution

(2)$750,000+ 375,000+750,000=$1,875,000

After Subordination Adjustment

(3)$750,000+ 375,000+750,000=$1,875,000

Percentage of Original Claims Received

(4)$750,000+ 375,000+750,000=$1,875,000

a. Identify the major general liability loss exposures of business firms
b. Provide at least one example of each type of loss exposure identified in Part 1.

Answers

Answer:

Please refer to the below for explanations

Explanation:

a) Premises and operations liability . This type of liability loss exposures arises from ownership and general maintenance of the premises where the firm is carrying out it's business. It is also the possibility that a firm will be held liable because of bodily injury or property damage caused by an accident which occurred in the firm's premises.

• Products liability. Sometimes products that have been manufactured and sold by the firm could result into liability loss exposure if the products causes injury to the buyers or consumers after purchase.

• Completed operations liability. This type of liability loss exposure occurs due to faulty work done in another place other than the premises( where the firm usually carry out its business activities) after the work or operation has been performed. It arises out of the entity's completed work including defective parts or materials.

• Contractual liability. The liability loss exposure arises when there are assumption of legal liability in a contract, whether written or oral hence contact must be properly understood by the parties involved.

• Contingent liability. Sometimes, work done by independent contractors could cause liability loss exposures if they are not properly executed. It exist when the insured is held liable for the actions or failure of the others.

b) • Premises and operations liability

Example is when an employee suffers bodily injury through an accident in the premises where the firm is situated in carrying out its business operation.

• Products liability

Example is when a child or children got injured while playing with a defective toys manufactured by Kid smart, which specializes in manufacturing children toys.

• Competed operations liability

Example is when County janitor service contracted local bars and taverns to clean their restrooms daily.

• Contractual liability

Example is when Party A to a contract agreement reads different meaning to the contract signed with party B, hence suffer losses.

• Contingent liability

Example is when a potential loss could possibly occur in the future due to the occurrence of certain events.

Restricting imports Question 10 options: can protect United States jobs in the protected industry, which increases economic welfare of the country as a whole. can protect United States final goods and services in the protected industry and increase economic welfare of the country as a whole. can protect United States jobs in the protected industry but will also lead to reductions in U.S. output and income. can protect United States final goods and services in the protected industry and makes consumers better off.

Answers

Answer: can protect United States jobs in the protected industry but will also lead to reductions in U.S. output and income

Explanation:

Imports are the goods that are purchased and brought from another country into one's home country. Restricting imports is a way by which the government helps to protect the industries at home.

It should also be noted that restricting imports will lead to reductions in the United States output and income as other people in other countries might stop purchasing ones products as well and this will affect the income of the United States.

Answer:

C.  can protect United States jobs in the protected industry but will also lead to reductions in U.S. output and income.

Explanation:

Import restriction is a measure taken by some countries that want trade protectionism. They do this to limit importation of goods and services from foreign countries. To achieve this they may impose tariffs, quotas, develop policies, or give subsidies to the local producers, all in a bid to limit importation. In the United States, while restricting imports can protect jobs in the protected industries, it would also result to trade wars with other nations.

This is a situation where other countries reciprocate the import restriction. This would eventually result in a reduced Gross domestic product for the country and limited choices for the consumers who will want to settle with cheaper goods. A case is the situation between Japan and the United States

Consider the following information on large-company stocks for a period of years. Series Arithmetic Mean Large-company stocks 12.1 % Inflation 3.4A. What was the arithmetic average annual return on large-company stocks in nominal terms?
B. What was the arithmetic average annual return on large-company stocks in real terms?

Answers

Answer:

a. 12.1 %

b. 8.41%

Explanation:

a. The arithmetic average annual return on large-company stocks in nominal terms is already stated in the table as 12.1%.

This is because it was not yet adjusted for inflation making it nominal.

b. The arithmetic average annual return on large-company stocks in real terms can be expressed by;

Real Return = [(1 + Nominal rate) / (1 + Inflation rate)] - 1

= (( 1 + 12.1%) / ( 1 + 3.4%)) - 1

= (1.121/1.034) - 1

= 1.0841 - 1

= 8.41%

How many years will it take for your money to double if fees are 1.5% per year (not uncommon in the mutual fund industry)?

Answers

Answer:

Doubling time: 20 years.

Explanation:

What is the total stockholders' equity based on the following account balances? Common Stock $375,000 Paid-in-capital in excess of Par 90,000 Retained earnings 190,000 Treasury Stock 15,000

Answers

Answer: $640,000

Explanation:

The total Stockholders Equity for a company is calculated by;

= Common Stock + Paid-in-capital in excess of Par + Retained Earnings - Treasury Stock

Treasury Stock reduces stockholder equity as the company bought the shares back from the stockholders.

= 375,000 + 90,000 + 190,000 - 15,000

= $640,000

Other Questions
Aggregate income in an economy in 2017 is $100 billion. Saving is $30 billion and imports are $35 billion. What is aggregate expenditure in the economy in 2017? Refer to the figure.30. How many planes are shown in the figure?31. How many planes contain points B, C, and E?32. Name three collinear points.3. Where could you add point G on plane Nso that A, B, and G would be collinear?4. Name a point that is not coplanar withA, B, and C.5. Name four points that are coplanar.BN Given that f(x)=2x+1 and g(x)=-5x+2 slove for f(g(x)) when x=3 13. Choose the correct option: If 5 p + 6 = 7, then p = ? 2 a) p = 7 26 b) p = ( 76)5 c) p = ( 76)2 5 2 5 The solutions to the equation $(x+1)(x+2) = x+3$ can be written in the form $m+\sqrt n$ and $m-\sqrt n$, where $m$ and $n$ are integers. What is $m+n$? Write the expression 12^-2 in simplest form? Identify and briefly describe the major factors which createfour separate and distinct seasons for the people of Indiana . Describe the Mound Builders (quick summary would be extremely helpful!) a second degree equation in one variable example how many solutions does it have ?a second degree equation in one variable example how many solutions does it have ? is it possible to have many solutions or no solutions tions give an example for each Consider the functionsJIGOFor the x-values given in the table below, determine the corresponding values of six) and plot each point on the graph...-1012G(x) Which of the following is true about sorting functions? A. The most optimal partitioning policy for quicksort on an array we know nothing about would be selecting a random element in the array. B. The fastest possible comparison sort has a worst case no better than O(n log n) C. Heapsort is usually best when you need a stable sort. D. Sorting an already sorted array of size n with quicksort takes O(n log n) time. E. When sorting elements that are expensive to copy, it is generally best to use merge sort. F. None of the above statements is true. A small amount of solid calcium hydroxide is shaken vigorously in a test tube almost full of water until no further change occurs and most of the solid settles out. The resulting solution is:______. The Baldwin company wants to decrease its plant utilization for Brat by 15%. How many units would need to be produced next year to meet this production goal In the table, describe each characteristic (tone, structure, purpose, word choice, sentence structure) of Lincolns First Inaugural Address. What is the method called on #3 A plan for a dog park has a grassy section and a sitting section as shown in the figure. Which equation can be used to find the area of the grassy section? What substance heats up the fastest: water, dry sand, wet sand, rock A survey of 500 randomly selected adults found that 57% say that they would take a ride in a fully self-driving car. The 95% confidence interval for the true proportion of all adults who would take a ride in a full self-driving car is found to be (0.5266, 0.6134). Can we conclude that the majority of all adults would take a ride in a fully self-driving car? Yes; Since the confidence interval limits are both greater than 50%, we can reasonably conclude that more than half of all adults would take a ride in a fully self-driving car. No; The data does not include all adults, so we cannot make a conclusion about the population. No; The confidence interval limits are not large enough to determine that a majority rely only on cellular phones. The proportion would need to be much greater than 50%, and the one above is only slightly larger. Yes; Since the proportion of adults who said yes is 57%, and this is higher than 50%, we can conclude that a majority would take a ride in a fully self-driving car. Select the correct answer.What was the primary purpose of Southern implementation of Black Codes?A.to authorize the use of force to implement the Thirteenth AmendmentB.to create standard alphabet and language for blacks to begin schoolingC.to ensure that blacks would remain landless and subservientD.to repeal the Emancipation Proclamation after the Civil War Beijing is located of Shanghai. Shanghai is located slightly north of the line of latitude. Which country shares a border with the northernmost part of China? What are two countries located between the 105 E and 135 E lines of longitude?