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- Stockholder Z what to be elected as a director in the corporation. However, he has only at least 10,000 shares, which is equivalent to 10,000 votes. He needs at least 20,000 votes to get the highest number of votes. As the financial adviser of Z, what will be your advice. ExplainSuppose a firm has 16 million shares of common stock outstanding and five candidates are up for election to four seats on the board of directors. a. If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure election to the board? b. If the firm uses straight voting to elect its board, what is the minimum number of votes needed to ensure election to the board? (For all requirements, enter your answers in whole numbers, not millions.) a. b. X Answer is com plete but not entirely correct. Minimum number of votes Minimum number of votes 12,800,001 X 8,000,001 Xfind your answer to be R2.72. If you do not agree, check with your Teacher). Will original shareholders be happy with this? Will the new shareholders be happy with how much will each shareholder receive for each share owned by him? (You shoua The Shareholders Equity Will be Tmade Shares at issue price R4 400 000 Retained income Cwele March 20.6 the ach. At the end of their fir he Retained income accou R500 000 The average issue price of the shares is: R4 400 000+ 1 800 000 shares = 244.44 cents an 1 March 20.7, the com ssue price of 490 cents e: Required: 1.17.1 The relevant ent 1.17.2 The posting to th 1.17.3 The effect on th TASK 1.16 Balance Sheet 1.17.4 Calculate the a for each share Delebi Ltd was formed with an authorised share capital of 500 000 ordinary shares 1 March 20.1 the company issued 300 000 ordinary shares at an issue price of 100 each. At the end of their first year of trading, after paying tax and dividends, the bala the Retained income account was R200 000. 1.17.6…
- A CEO wants to create an ownership culture. The stock is trading at $50 per share. Which approach is best? A. Give every employee 1,000 shares of restricted stock B. Give stock to senior management who can influence profits C. Introduce a cash profit sharing program D. All of the above are equally good ways to create an ownership cultureSelect the statement that is TRUE. A. A preference shareholder will be paid the same rate of dividend each year B. Holding preference shares in a business is more risky than holding ordinary shares C. Preference shareholders can vote at annual general meetings (AGM). D. Preference shares are worth more than ordinary sharesJohn wants to invest in shares and is trying to decide between two companies(Company A and Company B) in the same industry. After doing his research henotes the following about the two companies:Measure Company A Company BShare Price $10 $15Earnings Per Share $1 $1Dividend $0.50 $1PE Ratio 10 15Dividend Yield 5% 7% Having critically examined the five measures, John decided to purchase 1.5mshares in Company B. At the time when John purchased the shares, the value ofthe equity shares was $3m and the par value was $0.40.Required:a. Explain how each of the measures identified by John could help him in decidingon which company’s shares to buy.b. How did the stock market help John to purchase the shares in Company Bc. Calculate John’s shareholding in Company B and the cost on his investment?d.. What are the benefits John obtains by being a…
- Suppose a firm has 51 million shares of common stock outstanding and ten candidates are up for election to eight seats on the board of directors. a. If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure election to the board? b. If the firm uses straight voting to elect its board, what is the minimum number of votes needed to ensure election to the board? (For all requirements, enter your answers in dollars, not millions of dollars.) a. b. Minimum number of votes Minimum number of votes 10,800,001 25,500,001The founders of XMP GmbH have created a successful software as a service platform and are now looking for venture capital to accelerate the growth of the company. Currently, the company is entirely founder-owned and has 10,000.00 shares outstanding. But before they start fundraising, they want their employees to participate in the success story of their business. Therefore, the founders issue shares to an employee share option program (ESOP) so that the entire ESOP represents 20.00% of the ownership of the company. Shortly after that, they receive an offer from the venture capital firm A-Capital. A-Capital offers to invest 4,000,000.00 € at a 16,000,000.00 € pre-money valuation. What is the price per share (PPS) of the round and the total number of shares post-round? 1) The price per share (PPS) equals 1,640.00 €; the total number of shares post-round equals 18,750.00. 2) The price per share (PPS) equals 1,220.00 €; the total number of shares post-round equals 16,525.00. 3) The…Suppose the compensation committee for a corporation is preparing to hire a new CEO and debating which of two pay packages to offer. Package A includes an annual salary of $1 million plus 1000 shares of stock. Package B also has a salary of $1 million, but has 10,000 options to purchase the company at its current price of $50. a) Draw a graph showing the relationship between the CEO’s total compensation (vertical axis) and the stock price (horizontal axis) for the two pay schemes. Clearly label the two compensation methods in your graph. b) Discuss how a switch from the stock to stock option plan would alter CEO behavior. c) Discuss how a switch from the stock to stock option plan would affect the type of CEO that would be willing to accept the job.
- Solve the problem with complete solution. 5. You purchased 50 stocks from a corporation at 400 per share and sold them at 535 per share. Calculate your profit.After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Schenkel Enterprises. Unfortunately, you will be the only Individual voting for you. a. If the company has 475,000 shares outstanding and the stock currently sells for $41, how much will It cost you to buy a seat if the company uses straight voting? Note: Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32. b. Assume that the company uses cumulative voting and there are four seats in the current election; how much will it cost you to buy a seat now? Note: Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32. a. Straight voting b. Cumulative votingAfter successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Schenkel Enterprises. Unfortunately, you will be the only individual voting for you. a. If the company has 440,000 shares outstanding and the stock currently sells for $44, how much will it cost you to buy a seat if the company uses straight voting? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. b. Assume that the company uses cumulative voting and there are four seats in the current election; how much will it cost you to buy a seat now? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. a. Total cost for straight voting b. Total cost for cumulative voting