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give me the list of answers The Cascades Swim Club has 3 0 0 stockholders, each holding one share of stock in the club. A
give me the list of answers The Cascades Swim Club has stockholders, eachholding one share of stock in the club. A share of clubstock allows the shareholders family to use the clubsheated outdoor pool during the summer upon payment ofannual membership dues of $ The club has not issuedany stock in years, and only a few of the existingshares come up for sale each year. The board of directorsadministers the sale of all stock. When a shareholderwants to sell, he or she turns the stock into the board,which sells it to the person at the top of the waiting list.For the past few years, the length of the waiting list hasremained relatively steady at approximately names.However during the past winter two events occurredthat have suddenly increased the demand for shares inthe club. The winter was especially severe, and subzeroweather and heavy ice storms caused both the town andthe county pools to buckle and crack. The problems werenot discovered until maintenance crews began to preparethe pools for the summer, and repairs cannot be completeduntil the fall. Also during the winter, the managerof the local country club had an argument with her boardof directors and one night burned down the clubhouse.Although the pool itself was not damaged, the dressingroom facilities, showers, and snack bar were destroyed.As a result of these two events, the Cascades Swim Clubwas inundated with applications to purchase shares. Thewaiting list suddenly grew to people as the summerapproachedThe board of directors of the swim club had refrainedfrom issuing new shares in the past because there neverwas a very great demand, and the demand that did existwas usually absorbed within a year by stock turnover. Inaddition the board has a real concern about overcrowding.It seemed like the present membership was aboutright and there were very few complaints about overcrowding,except on holidays such as Memorial Day andthe Fourth of July. However, at a recent board meeting anumber of new applicants had attended and asked theboard to issue new shares. In addition, a number of currentshareholders suggested that this might be an opportunityfor the club to raise some capital for neededrepairs and to improve some of the existing facilities. Thiswas tempting to the board. Although it had set the shareprice at $ in the past, the board could set it at a muchhigher level now. In addition, an increase in attendancecould create a need for more lifeguards.Before the board of directors could make a decision onwhether to sell more shares and, if so how many, theboard members felt they needed more information.Specifically they would like a forecast of the averagenumber of people family members, guests, etc. whomight attend the pool each day during the summer withthe current number of shares.
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