Math hw

A corporation has 24 shareholders holding 4140 shares. The founder of the company retains 50 % of the companies shares. The remaining shares are equally divided among his 23 grandchildren.

By the company's articles of incorporation, the voting weight for each partner is set by the number of shares they own. The by-laws also state that the quota for any decision affecting the by-laws themselves must be 2760 votes.

a. How many votes does each grandchild hold?

b. What is the voting weight for grandpa?

c. What is the most appropriate characterization for grandpa? ? dummy dictator veto power grumpy old man none of the above

d. What is the appropriate characterization for the grandkids? ? dummy dictator veto power none of the above

Remember for 24 shareholders there are possible coalitions.

  1. 👍 0
  2. 👎 0
  3. 👁 76
asked by Maya

Respond to this Question

First Name

Your Response

Similar Questions

  1. Math help

    A corporation has 30 shareholders holding 2900 shares. The founder of the company retains 50 % of the companies shares. The remaining shares are equally divided among his 29 grandchildren. By the company's articles of

    asked by Maya on December 9, 2010
  2. Accounting

    Holden Company's shareholders' equity includes 75,000 shares of $0.40 cumulative preferred shares that had been issued for $375,000 and 200,000 common shares issued for a total of $720,000. Holden did not declare any dividends

    asked by Seinna on May 27, 2012
  3. Finance

    The balance sheet for the Raider Company shows Total assets of $12,900 financed by $3,000 of Debt and $9,900 of Stockholders' equity. For the Target Company Total assets of $4,900 are financed by $1,800 ofDebt and $3,100

    asked by Me on July 11, 2013
  4. Accounting

    Treasury stock shares are a. issued shares that have been reacquired by a corporation b. part of the total outstanding shares but not part of the total issued shares of a corporation c. unissued shares that are held by the

    asked by Ant on June 15, 2013
  5. Finance

    Blue Moon Corporation has one million shares of common stock outstanding. In a typical annual election for the board of directors, shareholders representing 70 percent of the shares outstanding exercise their right to vote. The

    asked by Sandy on January 10, 2011
  6. adult education

    You are a share analyst for an investment firm and are investigating the return on shares in the Mean Corporation over the last four years. The return on Mean Corporation shares over the last four years is presented. Calculate the

    asked by Stats on October 2, 2010
  7. Math

    You are a share analyst for an investment firm and are investigating the return on shares in the Eastern Mining Corporation over the last four years. The return on Eastern Mining Corporation shares over the last four years is

    asked by Gina on September 28, 2010
  8. stats

    You are a share analyst for an investment firm and are investigating the return on shares in the Eastern Mining Corporation over the last four years. The return on Eastern Mining Corporation shares over the last four years is

    asked by Answer Me on October 1, 2010
  9. managerial economics

    An article in the Wall Street Journal discusses a trend among some large US Corporation to base the compensation of outside members of their boards of directors partly on the performance of the corporation. “This growing

    asked by air on June 21, 2013
  10. accounting

    Hamilton Company owns 51,600 of Hennie Company's 120,000 outstanding shares of common stock. Hennie Company pays $33,000 in total cash dividends to its shareholders. Hamilton's entry to record this transaction should include a:

    asked by Anonymous on October 4, 2014

More Similar Questions