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**BUSI 320 Connect Homework 8 Liberty University Complete Answer**

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**BUSI 320 Connect Homework 8 Liberty University Complete Answer**

**The below shown questions is just one version sample.****Download the excel document for the complete solutions. Just put your values in the excel document to get your answers.**

Question 1

Katie Homes and Garden Co. has 14,700,000 shares outstanding. The stock is currently selling at $80 per share. If an unfriendly outside group acquired 15 percent of the shares, existing stockholders will be able to buy new shares at 20 percent below the currently existing stock price.

a. How many shares must the unfriendly outside group acquire for the poison pill to go into effect? (Do not round intermediate calculations.)

b. What will be the new purchase price for the existing stockholders? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Question 2

Mr. Meyers wishes to know how many shares are necessary to elect 2 directors out of 9 directors up for election in the Austin Power Company. There are 94,000 shares outstanding. (Do not round intermediate calculations.)

Question 3

Betsy Ross owns 987 shares in the Hanson Fabrics Company. There are 13 directors to be elected, and 43,500 shares outstanding. The firm has adopted cumulative voting.

a. How many total votes can be cast? (Do not round intermediate calculations and round your answer to the nearest whole number.)

b. How many votes does Betsy control? (Do not round intermediate calculations and round your answer to the nearest whole number.)

c. What percentage of the total votes does she control? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

Question 4

Midland Petroleum is holding a stockholders’ meeting next month. Ms. Ramsey is the president of the company and has the support of the existing board of directors. All 13 members of the board are up for reelection. Mr. Clark is a dissident stockholder. He controls proxies for 35,001 shares. Ms. Ramsey and her friends on the board control 55,001 shares. Other stockholders, whose loyalties are unknown, will be voting the remaining 33,998 shares. The company uses cumulative voting.

a. How many directors can Mr. Clark be sure of electing? (Do not round intermediate calculations. Round down your answer to the nearest whole number.)

b. How many directors can Ms. Ramsey and her friends be sure of electing? (Do not round intermediate calculations. Round down your answer to the nearest whole number.)

c-1. How many directors could Mr. Clark elect if he obtains all the proxies for the uncommitted votes?

c-2. Will he control the board?

d. If nine directors were to be elected, and Ms. Ramsey and her friends had 63,001 shares and Mr. Clark had 43,001 shares plus half the uncommitted votes, how many directors could Mr. Clark elect?

Question 5

Rust Pipe Co. was established in 1994. Four years later the company went public. At that time, Robert Rust, the original owner, decided to establish two classes of stock. The first represents Class A founders' stock and is entitled to eight votes per share. The normally traded common stock, designated as Class B, is entitled to one vote per share. In late 2010, Mr. Stone, an investor, was considering purchasing shares in Rust Pipe Co. While he knew the existence of founders’ shares were not often present in other companies, he decided to buy the shares anyway because of a new technology Rust Pipe had developed to improve the flow of liquids through pipes.

**BUSI 320 Connect Homework 8 Liberty University Complete Answer**

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- Submitted On 20 Oct, 2019 10:49:39

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