1. shareholders must approve any corporate decision that would cost more than $10,000.
a. tru...
Business, 12.12.2019 20:31 cvbnkifdfg
1. shareholders must approve any corporate decision that would cost more than $10,000.
a. true
b. false
2. because shareholders with a very small percentage of shares may not be able to travel to annual meetings, the law allows them to appoint someone else to vote their shares using a authorization form. management often these.
3. in order for shareholders to exercise control, a must be present, either in person or through proxies.
4. the reason that most states either permit or require cumulative voting when electing directors is to:
a. reduce fraud among voters.
Answers: 1
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Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%
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