Question
Betsy Ross owns 924 shares in the Hanson Fabrics Company. There are 14 directors to be elected, and 33,000 shares outstanding. The firm has adopted
Betsy Ross owns 924 shares in the Hanson Fabrics Company. There are 14 directors to be elected, and 33,000 shares outstanding. The firm has adopted cumulative voting.
a.How many total votes can be cast?(Do not round intermediate calculations and round your answer to the nearest whole number.)
b.How many votes does Betsy control?(Do not round intermediate calculations and round your answer to the nearest whole number.)
c.What percentage of the total votes does she control?(Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)
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Survey Of Economics, Principles, Applications, And Tools
Authors: Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
5th Edition
0132556073, 978-0132556071
