Explore BrainMass

Explore BrainMass

    Cumulative Voting

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Anita Job owns 507 shares in the Rapid Employment Corp. (a firm that provides temporary work). There are 11 directors to be elected. Twenty-one thousand shares are outstanding. The firm has adopted cumulative voting.

    a. How many total votes can be cast?
    b. How many votes does Anita Job control?
    c. What percentage of the total votes does she control?

    © BrainMass Inc. brainmass.com June 3, 2020, 10:07 pm ad1c9bdddf
    https://brainmass.com/business/accounting/cumulative-voting-216506

    Solution Preview

    a. How many total votes can be cast?

    Under cumulative voting
    Total Votes= # of shares ...

    Solution Summary

    The solution explains calculations relating to cumulative voting

    $2.19

    ADVERTISEMENT